Real Estate

L’Oreal CEO sees slower beauty market growth as China struggles
L’Oreal CEO sees slower beauty market growth as China struggles
June 28, 2024
L’OREAL expects slower growth for the overall beauty market this year, according to its CEO, as weakness in China weighs on sales after years of rapid gains.Nicolas Hieronimus told...
Nvidia retail craze unleashes big moves in the world of ETFs
Nvidia retail craze unleashes big moves in the world of ETFs
June 28, 2024
FROM the growth of get-rich-quick schemes to becoming a make-or-break factor for outperformance, Nvidia’s latest market roller coaster is a cautionary tale of the importance of the artificial intelligence...
Nike forecasts dour annual revenue on weak demand for its sneakers
Nike forecasts dour annual revenue on weak demand for its sneakers
June 27, 2024
NIKE on Thursday (Jun 27) forecast a surprise drop in fiscal 2025 sales, after disappointing fourth-quarter sales laid bare the company’s weakening market share and its faltering direct-to-consumer strategy.Shares...
US: Wall Street closes subdued as investors sit, wait for inflation data
US: Wall Street closes subdued as investors sit, wait for inflation data
June 27, 2024
US STOCKS ended on Thursday (Jun 27) around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a slight gain after data...
Lloyds CEO expects £300 million UK business banking revenue boost
Lloyds CEO expects £300 million UK business banking revenue boost
June 27, 2024
LLOYDS Banking Group is set to make an extra £300 million (S$515.2 million) a year in revenue by 2026 from its business banking unit, CEO Charlie Nunn said on...
MAS ropes in global industry associations for asset tokenisation project
MAS ropes in global industry associations for asset tokenisation project
June 27, 2024
THE Monetary Authority of Singapore (MAS) has roped in global industry associations for its project to pilot promising asset tokenisation use cases.It is also planning to develop standards, market...
Micron’s sell-off highlights risk of sky-high AI expectations
Micron’s sell-off highlights risk of sky-high AI expectations
June 27, 2024
US CHIPMAKER Micron Technology post-results sell-off sent a fresh reminder to global investors about the risks inherent in bets on artificial intelligence (AI) chipmakers.Days after leading AI chipmaker Nvidia...
Chinese-owned chipmaker Nexperia invests US0 million in European expansion
Chinese-owned chipmaker Nexperia invests US$200 million in European expansion
June 27, 2024
NEXPERIA, one of the world’s largest makers of basic semiconductors such as diodes and transistors, said on Thursday (Jun 27) it would invest US$200 million to expand capacity at...
Singapore stocks buck regional declines on Thursday; STI up 0.4%
Singapore stocks buck regional declines on Thursday; STI up 0.4%
June 27, 2024
On the index, ST Engineering is the biggest gainer while Seatrium is the biggest declinerSINGAPORE stocks ended higher on Thursday (Jun 27), tracking gains on Wall Street but bucking...
H&M casts doubt over margin target as June sales drop, shares fall
H&M casts doubt over margin target as June sales drop, shares fall
June 27, 2024
H&M cast doubt over its full-year profit margin target on Thursday (Jun 27) after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares in the...