Real Estate
Grab shares plunge after poor outlook clouds first buyback plan
GRAB’S shares slid the most in more than nine months after the ride-hailing leader forecast 2024 revenue below analysts’ estimates, suggesting a deeper-than-anticipated slowdown in its core online business....
Singtel’s Q3 profit falls 12.5% to S$465 million on exceptional items
SINGTEL’S net profit for the third quarter ended Dec 31, 2023, was down 12.5 per cent to S$465 million from S$532 million in the same period a year ago....
JPMorgan CEO Dimon sells about US$150 million of his shares, SEC filing says
JPMORGAN Chase CEO Jamie Dimon has sold about US$150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest...
Federal Reserve official warns of inflationary risk of over-consumption
A SENIOR Federal Reserve official said on Thursday that the US central bank will likely start cutting interest rates “at some point this year,” but warned against the potentially...
Europe: Stoxx 600 at all-time high as Nvidia boosts global tech shares
EUROPE’S Stoxx 600 index hit an all-time high on Thursday, boosted by technology shares after blowout results and an impressive outlook from US chipmaker Nvidia, while the European Central Bank showed...
China’s CATL says its lithium mine operating normally
CHINESE battery giant CATL said on Thursday (Feb 22) its lithium mine in the southern province of Jiangxi is operating “normally as planned”, after market speculation it had halted...
Zurich Insurance announces US$1.25 billion buyback after record profit
ZURICH Insurance posted a better than expected annual operating profit on Thursday (Feb 22) and announced a share buyback of up to US$1.25 billion, as insurers ride out the...
Mercedes-Benz to update combustion engine cars amid EV demand slowdown
MERCEDES-BENZ on Thursday (Feb 22) toned down expectations on EV demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to...
