Real Estate
ESR-Logos Reit H1 DPU falls 18.6% to S$0.01122
ESR-LOGOS Real Estate Investment Trust (ESR-Logos Reit) posted an 18.6 per cent drop in distribution per unit (DPU) to S$0.01122 for the first half ended Jun 30, from S$0.01378...
China’s mega-grocers turn to an upstart to win back shoppers
CHINA’S biggest supermarkets are struggling to survive.France’s Carrefour has shut more than 140 mainland stores, leaving just four remaining outlets, and the UK’s Tesco has exited entirely. Traffic-driving membership...
Great Eastern Q2 earnings up 45% at S$280.4 million; declares interim dividend of S$0.45 per share
INSURER Great Eastern on Wednesday (Jul 31) posted a 45 per cent increase in net profit to S$280.4 million for the second quarter ended Jun 30, from S$193.2 million...
Intel to cut thousands of jobs to reduce costs, fund turnaround
INTEL plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.The workforce reduction may be...
P&G posts surprise sales drop as demand slows despite price controls
PROCTER & Gamble posted a surprise drop in fourth-quarter sales, as demand for its Charmin toilet paper and Pampers diapers slowed globally despite efforts to keep prices in check,...
Microsoft reports outage of some office and cloud services
MICROSOFT said it’s investigating outages of some Office applications and cloud services.
“We are investigating reports of issues connecting to Microsoft services globally,” the company wrote in an update on...
Buffett’s sales of Bank of America stock top US$3 billion
WARREN Buffett’s Berkshire Hathaway sold more Bank of America shares, boosting sales to more than US$3 billion this month, taking profits after a big run-up in the second-largest US...
Aztech Global H1 net profit up 8.7% to S$46.7 million
AZTECH Global posted an 8.7 per cent increase in net profit to S$46.7 million for its first half ended Jun 30, 2024, from S$42.9 million in the year-ago period. Revenue...
