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OCBC shares continue rally to hit all-time high after strong Q3
[SINGAPORE] Shares of OCBC hit a new all-time high on Monday (Nov 10), continuing a rally from last week. The counter rose 1.4 per cent to reach a new intraday…
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Super Typhoon Uwan Makes Landfall: Aurora Hit By Extreme Winds, Puts Millions At Risk
The air is shattered by the sound of tearing metal and the fury of the sea. Super Typhoon Uwan, known internationally as Fung-wong, has officially made landfall over Dinalungan, Aurora,…
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Honda cuts annual operating profit outlook on EV cost hit, slow Asia sales
It cut its operating profit forecast for the year through March 2026 to 550 billion yen (S$4.67 billion) from 700 billion yen [TOKYO] Honda Motor slashed its full-year profit forecast…
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OCBC shares hit record high after Q3 earnings beat expectations; ends 3.4% higher
[SINGAPORE] Shares of OCBC jumped by more than 4 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter ended September. At…
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Toyota Recall: Lexus and Subaru Models Hit by Camera System Fault
Toyota has announced a sweeping recall affecting over one million vehicles in the United States, after regulators identified a software defect in its rear-view camera systems. The malfunction, which may…
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JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes [FRANKFURT] Germany’s financial watchdog BaFin has imposed its largest-ever fine of 45…
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UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
[SINGAPORE] UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and OCBC, analysts said, even…
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Singapore shares hit new high; STI up 1.5%
Across the broader market, advancers outnumber decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion change hands [SINGAPORE] Local shares ended Thursday (Nov 6) higher, lifted by record…
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Indonesian bonds hit by foreign fund outflows on policy woes
[JAKARTA] Foreign investors sold Indonesian government bonds again last month, underscoring concerns over the government’s plans to increase spending and raise the deficit limit. Overseas funds sold a net US$1.8…
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Australia shares hit lowest in over a month as RBA holds rates, signals caution
[SYDNEY] Australian shares finished at their lowest in more than a month on Tuesday (Nov 4) after the central bank left its key rate unchanged as expected and signalled a…
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Samsung hit with US$191.4 million US jury verdict in OLED patent trial, plans appeal
SAMSUNG Electronics owes patent owner Pictiva Displays US$191.4 million in damages for infringing two US patents covering organic light-emitting diode technology, a jury in Texas federal court said on Monday.…
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Bitcoin ATM Scams Hit US: Millions Lost as Pensioners’ Life Savings Stolen
KEY POINTS Prosecutors allege Bitcoin ATMs are increasingly exploited by scammers, with one operator accused of charging up to 26% fees. Authorities warn seniors are being disproportionately targeted by crypto…
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ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of fiscal 2025 due to charges related…
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Volkswagen skids into the red on US tariff hit, Porsche woes
Volkswagen’s operating loss in Q3 was down from a 2.8-billion-euro operating profit for the group a year earlier [BERLIN] An expensive course correction at subsidiary Porsche dealt Volkswagen a hefty…
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Adidas sees 120-million-euro Trump tariff hit
[FRANKFURT] German sportswear giant Adidas said Wednesday (Oct 29) that it expected US President Donald Trump’s tariff blitz to cost it 120 million euros (S$180.7 million) for the year. The…
