Shares in Starbucks leapt more than 8 per cent in after-hours trading on Thursday after sales accelerated in its domestic market, driving global sales up 11 per cent from a year ago. The world’s biggest coffee chain returns to form in the US, delivering record quarterly group revenues of $6.3bn.

Ascott REIT Q3 DPU Increases 7%

Higher revenue from two acquisitions gave a fillip to serviced residence landlord Ascott Residence Trust (Ascott Reit) for its third quarter. Distribution per unit rises 7.7 per cent to 1.82 Singapore cents from 1.69 Singapore cents for the year-ago period.

Apple Briefly Fell Below US$1 Trillion Market Value

Shares fell 7% on Thursday’ after Apple’s earning call due to underwhelming forecast for the key holiday period suggesting weaker-than-expected demand for pricier new iPhones. The company further stoked concerns by saying it will stop reporting unit sales of its most-important product.

Oil Tumbled After Fears of Tighter Supple Recede

Oil prices tumbled more than 3 per cent on Thursday to its lowest level since August, as traders bet the market will remain well supplied despite US sanctions on Iran’s crude exports starting next week.

Baidu Sales Forecasts Misses Estimates as China’s Economy’s Slows

Baidu’s Q3 revenues of RMB28.2 bn beats estimates but Q4 outlook disappoints.

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