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Seatrium’s net profit for the six months ended Jun 30 grew 301.3 per cent to S$144.4 million, from S$36 million during the same period last year, marking the second time of net profits for…
Chinese electric vehicle (EV) battery giant Contemporary Amperex Technology Co Limited’s (CATL) net profit growth picked up in the second quarter, even as it came under pressure from a…
Adidas CEO Bjørn Gulden knows what it takes to grow the German sportswear brand, and that’s leading with footwear. “We create brand heat on lifestyle footwear. We then roll it over to…
Prada reported a 9 per cent increase in first half net revenues at constant currencies on Wednesday (Jul 30), with its smaller but fast expanding Miu Miu brand helping it to buck a weak…
Lewis Ng, who took over as chief executive at PropertyGuru in March, has had a busy four months. But he is back on familiar ground, having first spent six years as chief business officer…
Unresolved U.S. tariff policy keeps outlook for the global retail and apparel sector at negative, said credit ratings firm Moody’s Ratings. “U.S. companies in the segment still face higher…
The International Monetary Fund on Tuesday raised its global growth forecasts for 2025 and 2026 slightly, citing stronger-than-expected purchases ahead of an August 1 jump in U.S. tariffs…
British pharmaceutical giant AstraZeneca on Tuesday (Jul 29) said net profit rose 27 per cent in the second quarter, boosted by record growth in its key US market. Profit after…
Digital bank and wealth management platform iFast is targeting a payout ratio of between 25 and 30 per cent as profitability improves across the business. “We have come to a stage where we…
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of this year. The performance of C-Reits this year…
Automakers called for Europe to further stimulate demand for battery-powered vehicles after sales of all new cars fell in June by the most in 10 months. Registrations dropped 5.1 per cent…
Shares of DFI Retail Group hit its highest price in more than three yearson Wednesday (Jul 23) , after the supermarket and retail store operator posted higher underlying profit for the…
On TikTok, two things can always be true at once. In this particular instance, late hairstylist Umberto Giannini’s 27-year-old eponymous hair care line and Louis Vuitton’s…
Over the past 12 months, Singapore-listed real estate investment trust (Reit) exchange-traded funds (ETFs) have seen more than S$300 million in net new inflows, reflecting continued…
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets which include hitting a return on…
Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest rates at the end of this month amid mounting…
BBC Studios marked a banner year with record revenues of £2.2 billion ($2.96 billion) in 2024/25, up from $2.56 billion the previous year, as the U.K. broadcaster’s commercial arm…
Operating profit excluding restructuring charges was 7.0 billion crowns against a year-earlier loss of 11.9 billion Swedish telecom equipment maker Ericsson reported on Tuesday…
CGS International (CGSI) has downgraded its rating on Grab Holdings to “hold” from “add”, anticipating a slowdown in earnings growth in the second half of 2025 amid forecasts of weaker…
China’s economy is expected to have slowed down in the second quarter from a solid start to the year. This comes as trade tensions with the US added to deflationary pressures, reinforcing…
Levi Strauss jumped in late trading after raising its revenue outlook, with the maker of 501 jeans expecting sales growth to outweigh the impact of US President Donald Trump’s tariffs. The…
Food and beverage company Food Empire intends to invest US$37 million to expand the capacity of its spray-dried soluble coffee manufacturing facility in Andhra Pradesh, India. This will…
Malaysia and Thailand are the economies in Asean that are set to take the biggest hits from tariffs announced by US President Donald Trump on Monday (Jul 7), according to analysts. Trump…
Local banks’ restrictions on small and medium-sized enterprises’ (SME) access to their customers’ financial data are hampering API access and holding back growth in financial services for…
