Fashion
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
[ad_1] 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 shareholders compared...
Grab weighs takeover of rival GoTo at US$7 billion valuation
[ad_1] 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...
China may loosen grip on yuan as Trump reignites trade war
[ad_1] 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...
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
[ad_1] 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 operator RKE...
Chinese tea drinks firm Guming aims to raise US$202 million in Hong Kong IPO
[ad_1] 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...
Gold holds steady near all-time high amid US tariff concerns
[ad_1] 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...
Salesforce cutting 1,000 roles while hiring salespeople for AI
[ad_1] 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...
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income to US$23.8 million for H2
[ad_1] 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...
Keppel Infrastructure Trust posts 54.2% lower H2 DPU of S$0.0195
[ad_1] 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...
MUFG looks beyond record profits to win global investors
[ad_1] 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...
