US Fed governor Lisa Cook warns inflation to stay 'elevated' next year
WASHINGTON: A key US central bank official warned on Monday (Nov 3) that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfil her duties even as President Donald Trump
From coal to cemeteries: the top 10 billionaires in South-east Asia and the business empires they helm
Therese Soh - More than half hail from Indonesia; several have grown their fortunes in 2025
Japan’s US$132 billion borrowing binge reshapes global credit
Inflation has already pressured three hikes since March of 2024
Keppel consortium buys rest of solar platform from Shell Singapore for undisclosed sum
Therese Soh - The purchase of Cleantech Renewable Assets aligns with Keppel’s goal of growing its renewables business
Stocks to watch: Keppel, Wee Hur, NetLink NBN Trust, Elite UK Reit, China Aviation Oil
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 4):
Japan's factory activity falls at fastest pace in 19 months, PMI shows
TOKYO :Japan's manufacturing activity shrank in October at the fastest pace in 19 months, hit by slumping demand in the key automotive and semiconductor sectors, a private-sector survey showed on Tuesday.The S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) slipped to 48. ...
Grab reports Q3 earnings of US$37 million on positive operating profit
Chloe Lim - Operating profit rises to US$27 million in the quarter from a loss of US$38 million the previous year
Grab reports Q3 earnings of US$17 million on positive operating profit
Chloe Lim - Operating profit rises to US$27 million in Q3 2025 from a loss of US$38 million in Q3 2024
GS Holdings expands alcohol distribution network with $1.52 million acquisition of Dyspatchr
The Edge Singapore - GS Holdings has acquired an alcohol distributor Dyspatchr for $1.52 million. This marks the company's third acquisition of such a business in six months. Dyspatchr, incorporated in 2017, distributes beer, wine and spirits to hotels, bars, restaurants and retailers in Singapore. Between 2019 and ...
Starbucks to sell control of China business to Boyu Capital in US$4 billion deal
Starbucks said on Monday (Nov 3) it would sell control of its China operations to investment firm Boyu Capital in a deal valued at US$4 billion, in one of the most valuable divestments of a China unit by a global consumer company in recent years.Under the agreement, the companies will operate a join ...
KKR plans investment expansion for insurance unit in India
The investment firm insurance business is anchored through Global Atlantic Financial Group
Restaurant chain Denny’s to be taken private in US$620 million deal
The deal marks the latest in a wave of private equity buyouts of restaurant chains in recent years
Grab beats quarterly revenue estimates on resilient consumer spending
Grab beat analysts' expectations for third-quarter revenue on Monday (Nov 3), supported by robust consumer spending on ride-hailing and food-delivery services as its platform expansion draws in additional users.Grab's push to evolve into a "superapp", integrating food and grocery ...
Patria-backed Omnia joins $9 billion TikTok data center project in Brazil
SAO PAULO :Omnia, a data center company owned by Brazilian investment firm Patria, said on Monday it has joined the project to develop a 50 billion real ($9.25 billion) data center in Brazil that is expected to have TikTok as its sole client.Omnia partnered with the Brazilian renewable energy genera ...
Elite UK Reit 9-month DPU rises 9.4% to £0.0233
Therese Soh - The improvement is attributed to interest savings through capital management and interest rate optimisation
Elite UK REIT reports 9MFY2025 DPU of 2.33 pence, up 9.4% y-o-y
The Edge Singapore - Elite UK REIT has announced a distribution per unit of 2.33 pence for its 9MFY2025, up 9.4% y-o-y. Revenue in the same nine months to Sept was up 1% y-oy to GBP28.3 million, due to rental reversions for three properties and contributions from recently acquired properties, including Priory Court. On ...
Elite UK REIT reports 9MFY2025 DPU of 2.33 pence
The Edge Singapore - Elite UK REIT has announced a distribution per unit of 2.33 pence for its 9MFY2025, up 9.4% y-o-y. Revenue in the same nine months to Sept was up 1% y-oy to £28.3 million, due to rental reversions for three properties and contributions from recently acquired properties, including Priory Court. On t ...
How Zhao’s Binance aided Trump family crypto venture before pardon
World Liberty Financial is a crypto platform co-founded by the US president’s family and the family of his special envoy, Steve Witkoff
US prosecutors say cybersecurity pros ran cybercrime operation
WASHINGTON :Prosecutors said three American cybersecurity professionals secretly ran a ransomware operation aimed at shaking down companies across the United States. The three people, only two of whom - Ryan Goldberg and Kevin Martin - were identified by name, collaborated with the notorious hackin ...
New York seeks dismissal of lawsuit by Elon Musk's X over hate speech law
NEW YORK :New York asked a judge on Monday to dismiss a lawsuit by Elon Musk's X to void a state law requiring social media companies to disclose how they monitor hate speech, extremism, harassment, foreign political interference and disinformation.The state's attorney general, Letitia Jam ...
Shein bans sex dolls after France outrage over ‘childlike’ ones
ASIAN e-commerce giant Shein said on Monday it was banning sex dolls from sale on its sites globally after French authorities condemned...
PAP government has chosen to trample on Lee Kuan Yew’s wish to have his house demolished: Lee Hsien Yang
The property has been at the centre of a family feud after the death of Lee Kuan Yew on Mar 23, 2015
SBA Communications tops third-quarter estimates, raises 2025 revenue forecast
SBA Communications beat third-quarter estimates and raised its annual revenue forecast on Monday, helped by steady demand for its site leasing services from mobile network operators.The company is benefiting from increasing investments by mobile network operators to expand 5G and network capacity, d ...
South Korea inflation tops forecast, bolstering case for rates pause
SEOUL :South Korea's consumer prices rose in October at the fastest pace in more than a year, government data showed on Tuesday, bolstering the case for policymakers to refrain from cutting interest rates further.The consumer price index rose 2.4 per cent in October from a year earlier, the fas ...
South Korea October inflation +2.4% y/y, faster than expected
SEOUL :South Korea's consumer prices rose in October at a faster pace than market expectations, government data showed on Tuesday. The consumer price index rose 2.4 per cent in October from a year earlier, after rising by 2.1 per cent in September. That compared with a 2.1 per cent rise forecas ...
Clearer disclosure of IPO investment proceeds needed
The public should know the use of funds upfront, in terms of every S$1 invested – not every S$1 the company receives
US Federal Reserve’s Cook warns inflation to stay ‘elevated’ next year
A KEY US central bank official warned on Monday that inflation would likely remain elevated in the coming year as tariffs bite,...
Trial opens in first US civil case on 2019 Boeing MAX crash
RELATIVES of victims in the fatal crash of a Boeing 737 MAX plane operated by Ethiopian Airlines headed to court on Monday...
US looks to invest in rare-earth firms in race with China
The announcements are the latest in a string of actions taken by the federal government to invest directly in the supply chain...
Starbucks sells 60% stake in China unit to Boyu for US$4 billion
[NEW YORK] Starbucks is selling a majority stake in its China unit to private equity firm Boyu Capital for US$4 billion to...
Starbucks to sell control of China business to Boyu, aims for rapid growth
The coffee chain has been credited with creating the market for coffee in China after entering in 1999
US: S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
[NEW YORK] The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even...
Palantir hikes sales forecasts after record stock run-up
The company has been one of the biggest public beneficiaries of the AI boom
Europe: Shares edge up as investors assess earnings; auto stocks advance
EUROPEAN stocks nudged higher on Monday as investors digested a new round of earnings reports, while auto shares gained on optimism that Dutch...
