News
US: Wall Street ends lower on mixed earnings, revived US-China trade tensions
[ad_1] [NEW YORK] Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix’s disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration...
Europe: Lacklustre earnings nudge shares lower; L’Oreal, Hermes decline
[ad_1] EUROPEAN shares nudged lower on Wednesday, after two sessions of gains, as a flurry of lacklustre earnings from major firms including French cosmetics giant L’Oreal and Birkin bag maker Hermes...
Oil jumps after settlement on new US sanctions on Russian oil companies
[ad_1] [NEW YORK] Oil prices extended gains after settlement on Wednesday, rising by more than US$2 a barrel after the United States imposed sanctions on major Russian oil companies Rosneft and Lukoil. The US...
Meta is cutting 600 jobs in its AI division
[ad_1] Meta is slashing roughly 600 jobs in its artificial intelligence unit as the tech giant aims to move faster to compete with its rivals.The company declined to comment on...
US: Wall Street opens muted on Netflix earnings miss
[ad_1] [NEW YORK] Wall Street opened muted on Wednesday (Oct 22), with Netflix’s disappointing results pressuring market sentiment as investors tiptoe through a high-stakes earnings season.At 09.30 am, the Dow...
MPACT’s Q2 DPU up 1.5% to S$0.0201 on higher contributions from Singapore properties
[ad_1] For the half-year ended Sep 30, distribution per unit is 1.2% lower at 4.02 cents[SINGAPORE] Mapletree Pan Asia Commercial Trust (MPACT) posted a 1.5 per cent rise in distribution...
MPACT’s Q2 DPU rises to S$0.0201 on higher contributions from Singapore properties
[ad_1] [SINGAPORE] Mapletree Pan Asia Commercial Trust (MPACT) posted a rise in distribution per unit (DPU) to 2.01 Singapore cents for its second quarter ended Sep 30, from 1.98 cents...
Chipmaker Yangtze Memory weighs over US$40 billion China IPO next year: sources
[ad_1] [HONG KONG] Yangtze Memory Technologies is considering an initial public offering in mainland China at a valuation that could exceed US$40 billion, according to people familiar with the matter,...
Singapore counters close higher; STI rises 0.3%
[ad_1] Across the broader market, advancers beat decliners 311 to 262 after 1.4 billion securities worth S$1.6 billion change hands[SINGAPORE] Counters on the Singapore stock exchange broadly closed higher on...
Is gold losing its shine? What bullion’s plunge could signal, according to analysts
[ad_1] The precious metal was up 60% this year till recently, outstripping Bitcoin and the Magnificent Seven stocks [SINGAPORE] Questions on whether gold’s bull run is gone for good surfaced...
