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UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing forecasts. The net profit attributable to…
GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in South-east Asia’s competitive Internet market. The takeover…
CURRENCY traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to relax their tight grip, if Donald Trump’s tariffs go…
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital Partners’ 25 per cent stake in Indonesian toll road…
CHINESE bubble tea drinks company Guming Holdings is aiming to raise up to US$202 million in a Hong Kong initial public offering (IPO), according to regulatory filings on Tuesday (Feb 4).…
GOLD prices on Tuesday (Feb 4) hovered near a record high scaled in the prior session, as investors fretted that US President Donald Trump’s tariffs on Canada, China, and Mexico will fuel…
SALESFORCE is cutting jobs as its latest fiscal year gets underway, according to a person familiar with the matter, even as the company simultaneously hires workers to sell new artificial…
THE manager of Keppel Pacific Oak US Reit (Kore) on Tuesday (Feb 4) posted an 8.8 per cent fall in distributable income to US$23.8 million for H2 ended Dec 31, from US$26.1 million in the…
KEPPEL Infrastructure Trust (KIT) on Tuesday (Feb 4) posted a 54.2 per cent lower distribution per unit (DPU) of S$0.0195 for the second half ended Dec 31, from S$0.0426 in the year-ago…
AS JAPAN’S biggest bank heads for record profit that surpasses even its own projections, one thing is on the mind of its chief financial officer: what to do with all those extra earnings…
From the beginning of the App Store in 2008, Apple executives have banned porn from its platform APPLE lambasted the EU’s Digital Markets Act after the first known porn app for the iPhone…
CLOROX raised sales and earnings guidance for the current year while also reporting better-than-expected quarterly results, showing that the bleach maker’s business continues to recover…
It is making disciplined acquisitions without acting like ‘a kid in a toy store’, says CLI’s Manohar Khiatani ASSET manager CapitaLand Investment (CLI) will invest more than US$700 million…
In a surprising move, Elon Musk, the world's richest man and CEO of Tesla, is now serving as a "special government employee" under US President Donald Trump. A White House official…
THE Canadian province of Ontario on Monday (Feb 3) announced it was cancelling a C$100 million (S$93.4 million) contract with Elon Musk’s Starlink, the latest retaliatory move against…
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday (Feb 3) and removed the US government’s Energy Information Administration from the sources used to…
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY Cineplex, operated by mainboard-listed media…
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY Cineplex, operated by mainboard-listed media…
Before Donald Trump kicked off his second term as president, Meta Platforms Chief Executive and founder Mark Zuckerberg took another big swing at hitting reset. In a nearly three-hour…
LENDLEASE Global Commercial Real Estate Investment Trust’s (Lendlease Reit) distribution per unit (DPU) fell 14.3 per cent to S$0.018 for its first half ended Dec 31, 2024, from S$0.021 in…
THE closing date of the mandatory conditional cash offer made by property tycoon Gordon Tang and his wife Celine to acquire all units of Suntec Real Estate Investment Trust (Reit) has been…
Significant investments are needed for these hospitals to make returns, observers say THE Chinese government’s recent move to allow foreign healthcare players to wholly own hospitals in…
BANK of Japan (BOJ) policymakers discussed the likelihood of raising interest rates further with some warning of upside inflation risks and the damage a weak yen could inflict on the…
PANAMA promised free passage for US warships through the Panama Canal and said it will withdraw from China’s signature lending programme after Secretary of State Marco Rubio blasted the…
