Facebook’s Revenue, Earnings Growth Slows

Facebook has been bracing for slower growth in its advertising business, which currently collects the bulk of its revenue from ads that appear in the Facebook news feed. Recording lower third-quarter revenue than expected, Facebook warned that it is in the early stages of a transformation in its core businesses that will lead to slower growth and higher costs in the short term.

GE Slashes Payout, Discloses Inquiry; Shares Plummet

GE has struggled over the past year with declining sales and profits. Shares fell Tuesday after the conglomerate slashed its dividend to one cent after US$22bn writedown and said federal regulators had opened a criminal probe of its ac counting practices, as GE seeks to restructure under new Chief Executive Larry Culp.

Venture Corp Drops More than 4% on Tuesday

Electronics manufacturing services provider Venture Corporation's counter sank 4.44 per cent on Tuesday, capping a torrid day of trading for the contract manufacturing services provider.

IndoAgri Q3 profit plunges 91.3% to 8.74b rupiah on weak commodity prices

MaInboard-listed Indofood Agri Resources (IndoAgri) reported a 91.3 per cent dive in its third fiscal quarter earnings to 8.74 billion rupiah (S$793,264), with the agribusiness attributing the fall to poor performance in sales and profit in its plantation division arising from weak commodity prices and increase in crude palm oil (CPO) stock.

Singapore most active in PE, VC activity in region in Q2: EY report

Private equity (PE) and venture capital (VC) activity in South-east Asia during the second quarter of 2018 remained robust, with about US$1.3 billion pumped into 36 deals.

Crypto Exchange Coninbase Valued at US$8bn

US cryptocurrency exchange Coinbase has raised fresh funds at a valuation of more than $8bn, underscoring the interest that investors have in the sector despite sharp declines in the price of many digital coins.

Home Prices Continue to Lose Momentum

Annual home-price gains fell below 6% for the first time in a year in August, an other sign that the slowdown in the housing market is becoming widespread and is likely to persist in the months to come.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research