Entrepreneurship
Maersk lifts full-year profit guidance range, posts Q3 profit above forecast
[COPENHAGEN] Shipping group AP Moller-Maersk on Thursday (Nov 6) reported third-quarter operating profit above expectations and raised the lower end of its full-year profit forecast.Maersk said underlying earnings before...
Singtel jumps 5.1% to all-time high on talks to buy local data-centre firm
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares...
Latest Singapore six-month T-bill cut-off yield slides to 1.37%
Figure is down from the 1.41% offered from the last auction that closed on Oct 23[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 1.37...
Apollo, KB Securities team up to expand private credit in South Korea
The South Korean firm says that it plans to expand its global private credit footprint and enhance its capabilities in deal sourcing, financing, and arranging[SEOUL] Apollo Global Management has...
China’s robotaxi firms Pony.AI and WeRide sink on Hong Kong debut
SHARES in Chinese self-driving start-ups Pony.AI and WeRide tumbled on their Hong Kong debuts on Thursday, after raising more than US$1.1 billion, with experts warning China is not yet...
Nexperia says it halted supply after China unit refused to pay
[NEW YORK] Nexperia said that it suspended supplies to its China factory because the local unit refused to make payments, laying bare the internal discord at the embattled automotive...
Coliwoo opens at S$0.615, 2.5% above IPO price
[SINGAPORE] Co-living business Coliwoo opened at S$0.615 on its listing debut on Thursday (Nov 6) on the Singapore Exchange, about 2.5 per cent above its initial public offering (IPO)...
UOB shares plunge as much as 4.6% after Q3 profit tumbles
[SINGAPORE] Shares of UOB plunged as much as about 4.6 per cent on Thursday (Nov 6) after it reported a 72 per cent drop in net profit.The counter dropped...
DBS shares soar more than 3% to hit a record high, after posting earnings that beat forecasts
Lender’s Q3 net profit is S$2.95 billion – higher than the S$2.79 billion estimated in survey[SINGAPORE] Shares of DBS rocketed more than 3 per cent on Thursday (Nov 6),...
Qatar Airways sells entire Cathay Pacific stake for US$897 million
The Middle Eastern carrier has pursued a strategy of investing in airlines worldwide to strengthen its competitive position[BENGALURU] State-owned Qatar Airways has decided to sell its entire stake in...
