(Reuters) -Rivian Automotive reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units. Shares of Rivian, which closed 1.4% higher, rose more than 3% in volatile after-hours trading. However, Rivian’s smaller rival Lucid cut its production forecast on Tuesday “to prudently align with deliveries”, … Read more
DBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate environment. During the quarter, net profit rose to 2.63 billion Singaporean dollars ($1.94 billion) compared to SG$2.24 billion a year ago. … Read more
By Stephen Nellis and Yuvraj Malik (Reuters) -Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down 3.5% in after-hours trading. Chief Executive Tim Cook insisted that the company’s new iPhone 15 models were doing well in … Read more
Attendees arrive at the event campus on the opening day of the annual meetings of the International Monetary Fund (IMF) and World Bank in Marrakesh, Morocco, on Monday, Oct. 9, 2023. Bloomberg | Bloomberg | Getty Images The International Monetary Fund on Tuesday released its latest World Economic Outlook, which revised its forecast for U.S. … Read more
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak on July 23, 2023 in Hong Kong, China. Future Publishing | Future Publishing | Getty Images The World Bank trimmed its growth forecast for developing East Asia and Pacific, citing a sluggish China and global demand amid still-high interest rates … Read more
Final week noticed just a little extra rain than initially anticipated, and whereas it is unclear simply how a lot the moist circumstances affected gamers, it wasn’t as if any video games have been full washouts. The Week 2 NFL climate forecast seems even milder, with just a few video games at risk of seeing … Read more
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Apple’s iPhone 15 launch occasion had an enormous concentrate on the corporate’s transfer towards carbon neutrality, but it surely additionally launched a brand new good dwelling function that may assist you to depart a lighter footprint on the planet. Arriving with iOS17, Grid Forecast is a brand new instrument within the Apple House app that … Read more
ECB Improvement XI and Sri Lanka Girls will lock horns within the warm-up T20 fixture at Arundel Fortress Cricket Floor, Arundel, on August 28, Monday. After the conclusion of this encounter, England Girls and Sri Lanka Girls will cross swords in three T20Is and as many ODIs. Grace Scrivens will lead the England Girls Improvement … Read more
Signage at a residential undertaking developed by Nation Backyard Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Pictures JPMorgan raised its world rising markets company high-yield default forecast, largely as a consequence of rising contagion fears in China’s property sector from a doable Nation Backyard default. … Read more
A basic view of the Central Enterprise District and the Merlion, illuminated with a projection in the course of the iLight Marina Bay on March 29, 2018 in Singapore. Suhaimi Abdullah | Getty Photos Information | Getty Photos Singapore narrowed its financial progress forecast to a variety of 0.5% and 1.5% for this yr, citing … Read more