Business
Fluidstack in talks to raise $200m
Fluidstack, a British startup specialising in cloud-computing services for AI, is in discussions with investors to secure up to $200m in…
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Business
Business
Hong Leong Finance posts 10% rise in H2 profit to S$51.5 million, as net interest margin expands
HONG Leong Finance posted a 10 per cent rise in net profit to S$51.5 million for the six months ended December 2024. This was driven by an…
Business
US homebuilders near S&P 500 bottom on high rates and tariff fears
INVESTORS are ditching US homebuilder stocks at a record pace as elevated borrowing costs bruise the industry’s prospects and signal that…
Business
Disclosure-based regulatory system and investor protection ‘not mutually exclusive’: Chee Hong Tat
THE move towards a more disclosure-based regulatory system for Singapore’s equity market does not mean that protection for investors will…
Business
Singapore unveils S$5 billion boost for fund managers, other moves to revive equities market
SINGAPORE’S capital markets look set to receive a liquidity boost,following the announcement on Friday (Feb 21) of a S$5 billion…
Business
Will Walmart Be a Leader in Abandoning Corporate Wokeness?
The company is leading the marketplace back to its highest and best use of providing goods and services. Source link
Business
Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery
GLOVEMAKER Riverstone posted a 3.7 per cent rise in net profit to RM70 million (S$21.2 million) for the three months ended December 2024,…
Business
UOB prices A$2 billion floating rate senior unsecured notes
UOB announced on Friday (Feb 21) that its Sydney branch has priced its A$2 billion (S$1.7 billion) floating rate senior unsecured notes.…
Business
Sats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31,…
Business
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence…
Business
Haw Par posts 5.5% drop in H2 profit; proposes special dividend of S$1 per share
TIGER Balm maker Haw Par Corp’s profit fell 5.5 per cent to S$106.3 million for the six months ended Dec 31, 2024, on the back of higher…
Business
Vicom posts 11% higher H2 net profit on robust demand for vehicle testing
VEHICLE Inspection company Vicom posted 11 per cent higher net profit of S$15.2 million for the half-year ended Dec 31, 2024, from S$13.7…
Business
Amazon's James Bond takeover has 007 fans worried
Many James Bond fans are worried about the future direction of the spy movie franchise after the handing over of creative control to…
Business
When Germany Votes, It Will Be About the Economy
When German voters go to the polls on Sunday, the fate of companies like SKW Piesteritz will be at the top of their minds. The chemical…
Business
Singapore stocks end up on Friday as regional indices gain ground; STI expands 0.1%
SINGAPORE equities finished higher on Friday (Feb 21) amid regional gains and a flurry of earnings reports. The benchmark Straits Times…
Business
Venture posts 6.6% fall in H2 net profit to S$121.4 million on weakness in lifestyle consumer segment
VENTURE Corporation posted a 6.6 per cent year-on-year decline in net profit to S$121.4 million for the half year ended Dec 31, 2024, from…
Business
China’s SAIC, Huawei to partner in developing new smart EVs
CHINESE automaker SAIC Motor said on Friday (Feb 21) it would partner with tech company Huawei to develop new “globally competitive” smart…
Business
Trust Bank hits one million customers, launches investment products
SINGAPORE digital bank Trust Bank has hit the one-million-customer milestone, making up about 20 per cent of the adult population in the…
Business
Alibaba rockets more than 14% to boost Hong Kong market
SHARES in e-commerce titan Alibaba soared more than 14 per cent on Friday (Feb 21), extending a blistering rally in Hong Kong’s Hang Seng…
Business
EDB managing director Jacqueline Poh named as JTC’s new CEO
She will also be appointed as a member of the JTC board in an ex officio capacity THE Ministry of Trade and Industry (MTI) announced on…
Business
Australian shares post worst week in 2½ years as bank stocks bleed
Australian shares closed lower on Friday (Feb 21), rounding off their worst week in nearly two-and-a-half years, as banking stocks went on…
Business
StanChart CEO Winters’ 2024 pay jumps 46% on-year
The surge in total remuneration comes mainly from a nearly 78% increase in the long-term incentive award STANDARD Chartered chief…
Business
Abrdn in talks to launch China asset management venture with Citic unit: sources
ABRDN is in advanced talks with Citic Bank to launch an asset management joint venture in China, two sources with knowledge of the matter…
Business
Old clip falsely shared as showing Kenyan ex-leader's reaction to losing 2025 AUC race
Kenya’s former leader Raila Odinga lost the race to lead the African Union Commission (AUC) to Djibouti’s foreign affairs minister in…