News
Genting Bhd, Genting Malaysia take big tumble after news of CEO change; Genting Singapore edges marginally lower
GENTING Bhd and Genting Malaysia shares plunged shortly after the market opened on Friday (Feb 28), after news broke on Thursday that Lim Kok Thay will step down as...
Indonesia to strongly intervene as rupiah drops to five-year low
The currency has slumped almost 3 per cent this year in the worst performance among major emerging-Asian peersINDONESIA’S central bank pledged to intervene strongly in markets on Friday (Feb...
Bank of Japan vows to keep tapering bond buying despite rise in yields
THE Bank of Japan (BOJ) will keep tapering its government bond purchases despite recent rises in yields, deputy governor Shinichi Uchida said on Friday (Feb 28), stressing its huge...
JD.com’s food delivery foray unnerves investors as shares lag
INVESTORS in shares of JD.com face a gut check in next week’s earnings report from the online retailer as it girds for battle in the food-delivery space currently dominated...
Singapore hedge fund with 33% gain bets big on Suzuki Motor
Suzuki’s shares have more than doubled since a 2022 low, beating the MSCI world auto benchmark’s 2.9 per cent riseA SINGAPORE-BASED hedge fund that beat the market with a...
Australia’s Star Entertainment expects to get liquidity offers, shares slump on pending results
The company is expected to report an underlying loss of A$79.5 million for the six months ended Dec 31, according to Visible Alpha consensus estimatesCASINO operator Star Entertainment said...
Olam H2 profit falls 83.4% to S$38.4 million; pares proposed dividend to S$0.03 per share
Company blames earnings slide on higher net finance costs, exceptional losses in a ‘tough year for the industry’AGRIBUSINESS giant Olam Group on Friday (Feb 28) reported a net profit...
Seven & i plots Europe growth as Couche-Tard bid pressure mounts
SEVEN & i Holdings is seeking deals in Europe to bolster growth abroad as the retailer faces increased pressure to consider a proposed takeover by Canada’s Alimentation Couche-Tard. The...
HP sees weaker profit on tariffs; will cut over 1,000 jobs
HP GAVE a profit outlook for the current quarter that fell short of expectations, citing the impact of rising component costs and tariffs on goods from China.Earnings, excluding some...
Who is Catherine Wu, the woman said to have a ‘long relationship’ with Kwek Leng Beng?
CDL group chief executive Sherman Kwek says the “primary reason” for the ongoing dispute at the property behemoth relates to “a very serious issue of corporate governance” involving Dr...
