Subaru Corp raised its operating profit forecast on Wednesday by more than a third to 110 billion yen (US$1.05 billion) because U.S. vehicle sales rebounded more than it expected after the coronavirus pandemic hurt demand.
Asian share markets turned cautious on Wednesday, paring sharp early gains as results from the U.S. Presidential election hinted at a close race with no clear winner yet in sight.
KUALA LUMPUR: Malaysian state oil firm Petroliam Nasional Berhad (Petronas) said late on Tuesday (Nov 3) it had approved an additional RM10 billion (US$2.40 billion) dividend to the government to help fight the COVID-19 pandemic. Earlier this week, the country's economic minister had said Petronas ...
Investors' hopes for a decisive early read on the U.S. election were dampened after mixed initial voting results on Tuesday night, which also raised doubts about an easy route to a massive fiscal stimulus package.
SHANGHAI: China's shock, last minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday (Nov 4) and left investors reeling. Shanghai's stock exchange announced the suspension late on Tuesday, less than ...
China tightens restrictions on Australian exports
SK Hynix, the world's No.2 memory chip maker, said it expected robust demand for mobile and PC chips to continue in the fourth quarter as it posted a 175per cent jump in operating profit in the July-September period, matching expectations.
Asian share markets turned cautious on Wednesday, paring sharp early gains as results from the U.S. Presidential election hinted at a close race with no clear winner yet in sight.
THE Monetary Authority of Singapore (MAS) is taking less time to complete reviews and investigations of criminal and civil cases, according to its enforcement report on Wednesday.
SINGAPORE: United Overseas Bank Ltd reported a 40 per cent drop in quarterly profit on Wednesday (Nov 4) as Singapore's third-largest-listed lender bulked up loan loss provisions in pandemic-hit markets and its net interest income declined. UOB said profit for the three months to September slumped ...
