Company results

Big Oil scores US$56b windfall on war-driven refining spike

Shell and four other oil companies all surpassed third-quarter estimates, driven by an unprecedented fuel-supply crisis.

From ramen to $9.90 steaks: Japan Foods cuts a third of outlets but serves up profit with Steak 99

Ajisen Ramen at AMK Hub on Feb 2, 2022. This outlet has since been converted to a Steak 99 restaurant, based on Google search.

Sheng Siong Q3 profit up 1.9% at $44.6 million

A generic photo of a Sheng Siong outlet located in the Woodleigh Hillside estate.

Intel shares drop 21% on Israel factory blast, PC weakness

The October explosion at Intel’s Kiryat Gat factory in Israel killed two and seriously injured one.

Reddit search traffic slumps, will push visitor sign-ins to curb AI scraping

Requiring users to log in will end Reddit’s two decades of allowing anyone to browse the site freely without an account.

Google’s AI bet bites back in record US$500b market wipeout

Alphabet CEO Sundar Pichai is under pressure to justify the more than US$1 trillion (S$1.28 trillion) bill Google is facing to power his AI ambitions.

Keppel posts 20% rise in Q3 net profit; New Keppel earnings up 15%

Keppel’s net profit for the first nine months of 2026 fell 40% year-on-year.

Wilmar reports fall in quarterly profit, expects tough operating environment to persist

Wilmar said core net profit was US$267.3 million (S$342.8 million) for the three months ended Sept 30, compared with US$357.2 million a year earlier.

Major European banks’ third-quarter profits beat forecasts

Germany’s largest lender Deutsche Bank posted a 2% rise in profit to €1.59 billion as strength in its retail and corporate banking businesses offset weakness at the investment bank.

Labubu loses its bite as Pop Mart’s quarterly sales plunge up to 50%

Pop Mart has described 2026 as “a year of adjustment”, as the Labubu fad dims and hits its bottom line.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.