Technology
Pfizer lifts annual profit forecast on strong cancer, heart drug sales
Pfizer also expects full-year revenue of US$3.5 billion from its antiviral drug, Paxlovid, which is used in high-risk Covid casesPfizer, which is dealing with a sharp revenue drop from...
Mapletree Pan Asia Commercial Trust posts 4.1% drop in Q1 DPU to S$0.0209
MAPLETREE Pan Asia Commercial Trust (MPACT) posted a distribution per unit (DPU) of S$0.0209 in the first quarter ended Jun 30, down 4.1 per cent from the same period...
PayPal lifts 2024 profit forecast as spending holds up, margins improve
PAYPAL on Tuesday (Jul 30) raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending in the back-to-school and upcoming holiday shopping seasons,...
STI slips 0.1% as investors hold their breath for Fed meeting
SINGAPORE stocks closed slightly lower on Tuesday (Jul 30), as investors wait in anticipation of the start of the Federal Reserve’s two-day meeting. The Straits Times Index (STI) ended...
India keeps global funds at bay with new curbs on bond ownership
India will shield more of its bonds from foreign ownership, in a sign it’s uncomfortable with the billions of dollars of inflows linked to the inclusion of its debt...
Hundreds of China merchants join protest against Temu over fines
HUNDREDS of merchants staged a rally at PDD Holdings’ offices in southern China this week, protesting what they called unfair penalties that Temu’s owner is increasingly levying.
The suppliers, mainly...
Japan’s Nomura triples profit in Q1 on wealth management gains
Nomura’s net profit in the April-June was 68.9 billion yen (S$597.2 million) versus 23.3 billion yen a year earlierNomura Holdings, Japan’s largest brokerage and investment bank, reported a 195...
China bond mania smashes records, setting up showdown with PBOC
CHINA’S bond rally has hit unprecedented levels, prompting investors to ask whether the central bank will finally decide to squeeze out speculators or let the market run hot to...
