Business
Shell’s profit drops by almost a third on lower oil prices, but beats expectations
Shell’s second-quarter net profit tumbled by almost a third on Thursday (Jul 31), dragged down by a drop in oil prices, lower gas trading…
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Business
Business
BMW profits slump on China woes, US tariffs
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling…
Business
OpenAI hits US$12 billion in annualised revenue, The Information reports
GPT-MAKER OpenAI roughly doubled its revenue in the first seven months of the year, reaching US$12 billion in annualised revenue, The…
Business
Macquarie ‘Millionaires Factory’ put at risk by investor revolt
[SINGAPORE/MELBOURNE] Macquarie Group’s long vaunted money-making machine for top bankers is showing signs of strain. Known as the…
Business
US: Stocks mostly fall as Fed avoids dovish shift
Wall Street stocks finished mostly lower on Wednesday after the Federal Reserve kept interest rates flat and refrained from signaling it…
Business
Federal Reserve likely to hold interest rates steady despite Trump pressure
The Federal Reserve is expected to leave interest rates unchanged at its meeting on Wednesday, even as President Trump intensifies his…
Business
EU members eye €127 billion in loans for defense procurement
PARIS — European Union member states expressed interest in at least €127 billion ($146 billion) in EU-backed loans to pay for defense…
Business
Local startup MetaOptics Technologies lodges preliminary prospectus for Catalist IPO
MetaOptics Technologies, a Singapore-headquartered semiconductor optics startup, on Wednesday (Jul 30) lodged its preliminary prospectus…
Business
US: Wall St opens higher as investors digest GDP data; Fed verdict awaited
Wall Street’s main indexes opened higher on Wednesday (Jul 30) as investors assessed better-than-expected GDP data, and awaited the…
Business
Cameroon cocoa boom raises deforestation fears
Cameroon is emerging as a new frontier for cocoa production, raising concerns about cocoa-driven deforestation, according to…
Business
Yankees Rumors: Pirates Emerging As Likely Pitching Trade Partner?
news article Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.…
Business
Jardine C&C reports 23% fall in H1 earnings to US$371 million on unrealised fair value losses
Jardine Cycle & Carriage (JC&C) on Wednesday (Jul 30) reported a 23 per cent decline in earnings to S$371.1 million for the first half of…
Business
Mapletree Logistics Trust to divest South Korean property for S$7.4 million
The proposed divestment is in line with its manager’s drive to rejuvenate its portfolio by letting go of assets no longer aligned with its…
Business
US ETF outperforming S&P 500 becomes substantial shareholder in Rex, has stakes in 30 Singapore stocks
A US-based exchange-traded fund (ETF) has recently become a substantial shareholder of Rex International after raising its stake in the…
Business
Rio Tinto posts smallest first-half profit in five years
It reported underlying earnings of US$4.81 billion for the six months ended June 30 Rio Tinto reported its smallest first-half underlying…
Business
China's top leaders vow support for economy, crackdown on disorderly competition
BEIJING (Reuters) -China's top leaders have pledged to support an economy facing various risks by managing disorderly competition among…
Business
AI-generated clip of 'sparrows eating lovebugs' fools S. Korean users
After South Korea was hit with a lovebug infestation, social media posts and news reports shared a video falsely claiming it showed a…
Business
Seatrium halts trading of shares ahead of H1 earnings
This is coming one day before it is due to announce its first-half earnings – on Jul 31 Seatrium called for trading of its shares to be…
Business
Palmer Luckey's Anduril leads second quarter surge for venture capital in greater L.A.
Venture capital investments in the Greater Los Angeles region more than doubled to $5.8 billion in the second quarter, compared to a year…
Business
Jeep Avenger Hits 200,000 Orders, Adds New 4xe AWD Hybrid Model
Jeep Avenger Hits 200,000 Orders, Adds New 4xe AWD Hybrid Model originally appeared on Autoblog. Jeep has now taken over 200,000 orders…
Business
mm2’s Cathay receives more legal letters on outstanding rent
Cathay Cineplexes has received additional letters concerning outstanding rent, its parent company mm2 Asia announced in bourse filings on…
Business
Acquisitions: The Secret to Exponential Growth
Over the past few years, I’ve led Hawk Media through the acquisition of more than 20 companies—other agencies with amazing talent. This…
Business
Samudera Shipping H1 profit doubles to US$41.8 million
Samudera Shipping reported a 100.4 per cent increase in net profit to US$41.8 million for its first half ended Jun 30, from US$20.9…
Business
HPL says no certainties in ongoing discussions to redevelop Forum The Shopping Mall, voco Orchard Singapore
Hotel Properties Limited (HPL) has clarified that it is still in discussions with parties over the redevelopment of Forum The Shopping…