Fashion
Stocks to watch: DBS, Acrophyte Hospitality Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 7): DBS: Singapore’s largest lender beat estimates with record net profit crossing the...
Stellantis to lay off 1,100 workers at Ohio Jeep plant
STELLANTIS said on Wednesday (Nov 6) that it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to improve efficiency and...
Elon Musk went all-in to elect Trump. What a second Trump presidency could mean for big tech
SAN FRANCISCO — On election night, as Republican Donald Trump inched closer to reclaiming the U.S. presidency, some tech executives and venture capitalists rejoiced.“The people of America gave @realDonaldTrump a...
Tata Steel’s second-quarter profit beats on higher sales volumes, lower costs
TATA Steel reported a second-quarter profit on Wednesday (Nov 6) that beat analysts’ estimates as lower costs and higher sales volumes in India and the Netherlands offset a steep...
BlackRock readies US$1.3 billion private credit continuation fund
BLACKROCK is setting up a private credit loan fund that will allow it to raise as much as US$1.3 billion it can distribute to existing investors, people with knowledge...
From banks to small-caps, Trump win sparks big rally in stocks
Donald Trump’s return as US president for the second time on Wednesday (Nov 6) boosted equity markets on bets of lower corporate tax, favourable tariffs and deregulation, lifting shares...
US dollar set for biggest one-day jump since 2020, Bitcoin hits record as Trump secures White House
THE US dollar was set for its biggest one-day rise since March 2020 against major peers on Wednesday (Nov 6) and Bitcoin jumped to an all-time high after Donald...
Trump Media, Tesla shares surge as former president wins second term
SHARES of Trump Media, Tesla and domestic-focused small-cap companies surged on Wednesday (Nov 6) as Donald Trump was elected US president for the second time, fuelling expectations of higher...
Grocer Lulu’s US$1.72 billion Abu Dhabi IPO draws Vanguard, GIC
HYPERMARKET chain operator Lulu Retail Holdings’s US$1.72 billion Abu Dhabi initial public offering drew orders worth US$37 billion, including from global investors Vanguard Group and Singapore sovereign wealth fund...
Obesity drugmaker Novo Nordisk posts strong profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted on Wednesday (Nov 6) strong third-quarter earnings despite being held back by...
