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Dutch lender ABN Amro’s Q3 profit beats estimates on strong interest income, fees
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net interest income (NII) and strong performance of fees, the Dutch lender...
China says TSMC chip curbs undermine interests of Taiwan companies
CHINA’S Taiwan Affairs Office said on Wednesday (Nov 13) that a US order to Taiwan Semiconductor Manufacturing Company (TSMC) to halt shipments of advanced chips to some Chinese customers –...
Even handicraft marketplace Etsy needs AI to compete, says CEO
THE web platform Etsy is famous for selling cutesy handmade arts and crafts, but even a company that relies on a cottage industry of artisans is increasingly undergirded by artificial...
Siemens Energy boosts mid-term targets on infrastructure boom
SIEMENS Energy raised its mid-term targets after demand for its grid technologies helped offset losses at its beleaguered wind-turbine division. Revenue is likely to grow at a high single-digit to...
Global EV sales up 35% in October, Europe ekes out a gain
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 35 per cent in October from the same month last year, with growth across all regions led by a 54...
Yoma’s H1 net loss deepens to US$11 million on forex headwinds
YOMA Strategic posted a net loss of US$11 million for the first half ended September 2024, widening from its US$2.5 million loss in the previous corresponding period due to revenue...
Bumitama Agri’s Q3 net profit falls 31.6% to 597.9 billion rupiah
BUMITAMA Agri reported a net profit of 597.9 billion rupiah (S$51 million) for the third quarter ended Sep 30, down 31.6 per cent the year prior. Revenue for Q3 FY2024...
Temasek Trust invests US$50 million in HSBC-held Tekoma Energy
TEMASEK Trust agreed to invest US$50 million in an HSBC Asset Management-owned Japanese solar energy company. ABC Impact, a unit of the Singapore firm, will acquire a stake in Tokyo-based...
Singapore shares retreat at Wednesday’s open; STI down 0.7%
SINGAPORE shares began trading lower on Wednesday (Nov 13), extending global equity market declines overnight.As at 9.02 am, the Straits Times Index (STI) fell 0.7 per cent or 24.31 points...
Boeing, Airbus throw supplier lifeline ahead of takeover
BOEING and Airbus will provide more than US$450 million in financial assistance to help keep key supplier Spirit AeroSystems Holdings afloat ahead of their planned purchase of the company’s assets...
Singtel’s H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
SINGTEL’S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion.This was in the absence of a S$1.2 billion...
Singtel’s interim dividend up 35%, H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
Soft enterprise demand is expected to improve in the coming months, and data centre customers are paying reservation fees to secure limited capacitySINGTEL’S net profit for the first half ended...