Real Estate
China’s Didi Global swings to profit in second quarter
CHINA’S largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan (S$256.5 million) for the second quarter from a 300 million yuan loss a year...
Sats leads gains amid market rally; STI up 0.1%
SINGAPORE stocks registered a seven-day winning track on Wednesday (Aug 21). The Straits Times Index (STI) gained 0.1 per cent or 3.45 points to 3,373.76. Across the broader market,...
Hot stock: Sats rises 11% after swinging back into the black for Q1
It posts a net profit of S$65 million for the quarter from a loss of S$29.9 millionSHARES of in-flight caterer and ground handler Sats gained some ground on Wednesday...
Walmart is seeking up to US$3.74 billion in sale of JD.com stake
WALMART is seeking to raise up to US$3.74 billion by selling its stake in Chinese e-commerce firm JD.com, sources familiar with the matter said. The US retailer is offering...
J&J to pay as much as US$1.7 billion for heart-tech firm V-Wave
Johnson & Johnson will pay as much US$1.7 billion for V-Wave, bolstering its development efforts to treat heart failure as it goes deeper into medical technology. J&J will pay US$600...
Tesla to get lower EU tariff on its Chinese-made EVs
THE European Union has slashed its planned extra tariff on Tesla electric vehicles imported from China by more than half, the bloc’s executive said on Tuesday (Aug 20).
The European...
Australia central bank signals rates will stay at 12-year high for ‘extended period’
AUSTRALIA’S central bank will likely need to hold interest rates at their current 12-year high for an “extended period” to ensure that inflation returns to its target band next...
GoPro to cut 15% of workforce in restructuring push
ACTION camera maker GoPro said on Monday (Aug 19) it would cut about 15 per cent of its workforce this year, as part of a restructuring plan to reduce...
