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Nifty Tops 23,100 as IT Shares Lead Mid-Session Recovery; Trent Gains 6.30%
The Nifty rose 0.72% by 12.46 pm, led by IT shares and Trent, while higher crude prices and mixed market breadth kept risks in view.
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Trent Rises 7% as Q2 Profit Grows 25%, Broker Views Diverge
Trent reported ₹468 crore in Q2 profit as store expansion and margins drew mixed assessments from brokerages.
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Shell Raises Fourth-Quarter Buyback to US$5 Billion as Refining Margins Hit Record
A record US$42-a-barrel refining margin helped lift Shell’s adjusted net income to US$10.8 billion and supported a larger shareholder buyback.
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BP’s US$8.46 Billion Quarter Sets a Five-Year High as Refining Margins Surge
BP beat expectations with US$8.46 billion in quarterly profit as refining margins climbed and net debt reached its target a year early.
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PAG to Acquire 51.016% of Evergrande Property Services for US$509.8 Million
PAG’s HK$4 billion deal would give it control of Evergrande Property Services, with a further offer and approval conditions still ahead.
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MPACT Faces China Property Pressure as Divestments Stall and Singapore Assets Support Income
MPACT’s China properties face falling rents and valuations as sales prove difficult. VivoCity’s growth and planned upgrades offer support amid overseas weakness...
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Insead Launches AI and Work Research Lab With US$3 Million Google Funding
Insead’s new lab will study AI’s effects on learning, work and relationships, with US$3 million in backing from Google.org and Google DeepMind.
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Big Tech’s US$750 Billion AI Spending Faces Slower Growth and Search Monetisation Risks
Alphabet, Amazon, Microsoft and Meta are sustaining huge AI budgets as slower core growth and weaker monetisation test investor confidence.
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AEM Leads Singapore Chip Sell-Off as Alphabet’s Record Drop Hits Regional Stocks
AEM fell as much as 11% amid a regional chip sell-off, while its monthly decline and losses at peers point to pressure beyond one day’s trading.
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Gold Near US$4,000 as Inflation and Stock Market Selling Pressure Bullion
Gold fell 0.5% to US$4,003.44 as hotter US inflation and a tech-led sell-off weighed on prices. Silver’s October decline reached about 15%.
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Sheng Siong Q3 Revenue Climbs 6.2% as Store Expansion Lifts Sales
Sheng Siong’s Q3 profit rose 1.9% to S$44.6 million as revenue grew, while higher staff costs and price competition remain pressures.
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MPACT Q2 DPU slips 3.5% as overseas properties weigh on income
MPACT’s DPU fell to S$0.0194 as weaker overseas contributions offset gains at VivoCity and lower finance expenses.
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Three-Month Short-Selling Limits Could Give Singapore IPOs Time to Find Their Price
A proposed three-month seasoning period would restrict uncovered shorts and apply an uptick rule while leaving room for price discovery.
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Intel Shares Slide 15% as PC Weakness and Supply Delays Cloud Outlook
Intel’s revenue and profit forecast missed estimates as memory costs, weaker PC demand and factory constraints offset strong data centre growth.
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Amazon’s Q4 Outlook and AI Spending Weigh on Shares Despite AWS Growth
Amazon’s cash burn and holiday-quarter outlook unsettled investors, while AWS revenue grew 39% and advertising sales slowed.
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European Shares Reach Seven-Week High as Earnings Offset Rate and Inflation Risks
The Stoxx 600 rose 0.77% to 649.11 as strong company results supported shares despite higher energy costs and a possible December rate hike.
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Alphabet’s $500 Billion Slide Puts Google’s AI Spending Under Scrutiny
A shortfall in Google Services and slower search growth rattled investors as rising AI costs pressured expenses and free cash flow.
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Why Profitable Businesses Can Still Face a Payroll Cash Crunch
A cash reconciliation and dated forecast show how receivables, inventory, debt payments and distributions can leave a profitable business short on payroll.
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Fed Rate Pause Meets Asian Market Uncertainty as Singapore Companies Report Moves
The Fed held rates at 3.75% to 4% as AI, energy costs and company-specific developments shaped the day’s Asian market stories.
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Singapore Shares Edge Lower as Wilmar and UltraGreen.ai Weigh on Market
The STI slipped 0.03% as decliners outnumbered gainers. Wilmar fell 4.9%, while UltraGreen.ai dropped 15.9% after lowering its revenue outlook.