Business

Oil majors’ third-quarter profits are set to jump from Iran-war-driven energy prices; investors will watch whether Shell, BP, TotalEnergies, Chevron and Exxon keep spending discipline or splurge.

Oil majors’ Q3 profits will jump on Iran-war-driven prices and refining margins; investors are watching whether they keep spending discipline or splurge.

Japan’s $21 billion investment in two New York chip plants, part of a $550 billion U.S. pledge, mainly aids America’s semiconductor push while offering limited gains for Japan’s own chip revival.

MTR is funding HK$38.9 billion upfront for Northern Metropolis rail, taking land rights as returns, betting on a future city despite property-market and delay risks.

Micron’s Taoyuan union will strike on Oct 20 over a bonus dispute, backing Taichung workers and pressing the chipmaker for a concrete profit-sharing plan.

Honeywell raised its 2026-2035 business jet delivery forecast 4.4% to 9,950, citing higher aircraft use; it expects flight hours up 34% and fleet growth, despite Middle East disruptions.

Malaysia’s Finance Ministry says no agreement or commitment to fund AirAsia via guarantees, loans or public money, though it monitors aviation risks and notes AirAsia’s importance.

Keppel Reit will buy a 51% stake in Keppel South Central for $610.9 million, raising its Singapore office exposure to 82%; the deal awaits unitholder approval and should complete in Q2 2027.

Oil prices eased as markets weighed a potential waiver on Russian energy against Middle East supply risks.

Gold fell as elevated bond yields outweighed lower oil prices, with weakness possibly persisting as investors assess the Fed’s rate path.

Keppel Reit is buying a 51% stake in Keppel South Central for S$610.9 million, boosting its Singapore presence to 82% with 2.01% DPU accretion.

National Australia Bank will cut up to 2,500 jobs, about 6% of staff, by 2027 in a cost overhaul as credit growth slows.