News
OCBC shares fall nearly 3% after Q4 earnings miss
Fourth-quarter net profit of S$1.69 billion falls short of the S$1.78 billion consensus forecastSHARES of OCBC fell in early trading on Wednesday (Feb 26) morning after the lender posted...
Lynas profit slumps 85% as low rare earths prices take toll
The miner’s performance indicates the market is still over-supplied, with rare earth oxide prices down due to strong output from China and its economic slowdownLYNAS Rare Earths’ first-half profit...
Instacart forecasts downbeat first-quarter core profit, shares fall
INSTACART on Tuesday forecast a lower-than-expected first-quarter core profit as the online grocery delivery platform expects sequential declines in advertising revenue.The company’s shares, which also missed fourth-quarter revenue estimates,...
SingPost mulls special dividend with potential S$289m disposal gain
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval for the proposed divestment of its Australia business, Freight...
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into Meta, four sources with direct knowledge...
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centreMALAYSIA’S Forest City could be a secondary family office (FO)...
Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth
GLOBAL demand for liquefied natural gas is estimated to rise by around 60 per cent by 2040, driven largely by economic growth in Asia, AI impact and efforts to...
Teens are spilling dark thoughts to AI chatbots. Who’s to blame when something goes wrong?
When her teen with autism suddenly became angry, depressed and violent, the mother searched his phone for answers. She found her son had been exchanging messages with chatbots on...
SingPost must quickly find a new group CEO to deliver it from its troubles
The postal-service provider’s road map following the sale of its Australian unit would shape the slate of candidates and its final pick of helmsmanNATIONAL postal-service provider Singapore Post (SingPost) is...
China Everbright Water’s FY2024 profit falls 14% to HK$1 billion
CHINA Everbright Water’s net profit for the full year ended Dec 31 fell 14 per cent to HK$1 billion (S$175.5 million) from HK$1.2 billion in the previous corresponding period.Earnings...
