Entrepreneurship
Golden Agri’s H2 profit soars 1,617.1% to US$262.1 million
PALM oil producer Golden Agri-Resources’ net profit for its second half ended Dec 31 surged to US$262.1 million from US$15.3 million in H2 FY2023, on the back of higher...
Salesforce gives tepid outlook while touting AI progress
SALESFORCE gave a fiscal-year revenue forecast that fell short of estimates, dimming optimism that the company’s new artificial intelligence (AI) product would spur faster sales growth.Revenue will be US$40.5...
eBay forecasts quarterly revenue below expectations on weak demand
E-COMMERCE firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7...
Nvidia’s solid earnings report falls short of blowout level
NVIDIA, the chipmaker at the centre of an artificial intelligence (AI) spending boom, gave solid quarterly results and a bullish revenue forecast for the current period, even if the...
Two new CDL directors will not exercise any powers until further notice from court: Kwek Leng Beng
THE two new directors appointed by CDL’s board have undertaken not to exercise any powers as directors until further notice, said CDL executive chairman Kwek Leng Beng in a...
US: Wall St opens higher with spotlight on Nvidia results
WALL Street’s main indexes opened higher on Wednesday (Feb 26), after logging several days of declines, as investors awaited Nvidia’s results to gauge the direction of AI demand and...
Yangzijiang Shipbuilding H2 profit up 50.5% at 3.6 billion yuan
YANGZIJIANG Shipbuilding reported a net profit of 3.6 billion yuan (S$659.3 million) for the second half ended Dec 31, 2024 – 50.5 per cent higher than the 2.4 billion...
UOB Kay Hian’s H2 earnings up 9.2%
KEY POINTSH2 FY2024UOB Kay Hian’s net profit rose 9.2 per cent year on year to S$110.3 million for the second half of financial year 2024 ended December, the securities...
Singapore shares fall as company earnings disappoint; STI down 0.2%
On the broader market, gainers beat losers 330 to 236 after 1.5 billion securities worth S$1.7 billion changed handsSINGAPORE shares fell on Wednesday as Straits Times Index (STI) constituents...
China says Taiwan seeks to give away chip industry to US
China said on Wednesday (Feb 26) that Taiwan was seeking to give away the island’s semiconductor industry to the United States as a “souvenir” and leverage it to seek...
