Entertainment
AmEx profit beats estimate on robust customer spending
American Express reported third-quarter profit above Wall Street estimates on Friday (Oct 18), as higher spending on its cards offset a hit from bigger provisions for credit losses.The credit...
StanChart sells India personal loan business to Kotak Mahindra Bank
KOTAK Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday (Oct 18), leaving the UK-based company to focus on its...
Hong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers
Hong Kong has recorded its busiest week for new (initial public offering) IPO launches in almost two years with deals opened to raise up to US$1.3 billion, giving bankers...
China’s CATL sees faster profit growth in Q3
CHINESE electric vehicle battery giant CATL reported a 26 per cent year-on-year rise in third-quarter profit, a stock filing showed on Friday (Oct 18), accelerating from the previous quarter...
From Bitcoin to Mexican peso, ‘Trump trades’ are appearing again
CORNERS of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the US presidential race tightens with less than three weeks until...
India’s Tata Consumer beats Q2 profit estimates as demand for packaged food rises
Its Indian food business posts a 28% rise in quarterly revenue, as the company expands its distribution network into small towns and villagesINDIA’S Tata Consumer Products on Friday (Oct...
US: Nasdaq, S&P 500 open higher on tech boost
The S&P 500 and the Nasdaq opened higher on Friday (Oct 18), lifted by advances in technology shares, while the Dow Jones Industrial Average edged lower.The Dow Jones Industrial...
SGX RegCo reprimands former Sunrise Shares directors, CEO for breaches of listing rules
SINGAPORE Exchange Regulation (SGX RegCo) has reprimanded four former directors and the ex-CEO of Sunrise Shares for breaching listing rules, citing lapses in internal controls and inaccurate financial reporting.The...
Sinopharm’s China TCM buyout bid lapses without regulatory nods
CHINA National Pharmaceutical Group’s latest attempt to take China Traditional Chinese Medicine (TCM) Holdings private has fallen through as it was unable to secure necessary regulatory approval from Chinese...
US dollar falls as risk appetite rises after China; but set for 3rd weekly gain
THE US dollar fell on Friday (Oct 18), taking a breather after five straight days of gains, as risk appetite increased following yet another round of stimulus measures from...
