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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 expanded net interest margin, at 1.6 per cent, on…
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health and wellness industries, said a report by…
ANT Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field. The…
A’ja Wilson has come to realize what is delayed is not always denied. The two-time WNBA champion and three-time league MVP proudly released her long-awaited Nike signature shoe and…
THE European Central Bank (ECB) is all but certain to cut interest rates on Thursday (Jan 30) and is likely to keep open the door to further policy easing as concerns over lacklustre…
THAILAND’S central bank said on Monday (Jan 6) that a decision to hold the key interest rate steady last month was a robust policy as the economy is facing heightened uncertainty. Monetary…
Hong Kong interest rates could remain at relatively high levels for some time, says chief executive THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate…
When Luigi Mangione was arrested in the killing of the chief executive of UnitedHealthcare, he was hailed in some corners of the internet as an anti-capitalist folk hero. In a document…
PHILIPPINE food-and-beverage manufacturer Del Monte Pacific on Wednesday (Dec 11) posted a net loss of US$22.2 million for the second quarter ended Oct 31, 2024, from a loss of US$8.5…
New details have emerged about a man suspected in the fatal shooting of UnitedHealthcare CEO Brian Thompson in New York City on Wednesday morning. New York City Police Department (NYPD)…
It came as a surprise that President Biden unconditionally pardoned his son Hunter, a convicted felon, after repeatedly vowing that he would not. For the past few months, each time Biden…
HONG Kong telecommunications company HKBN said on Monday (Dec 2) it has received a rival non-binding indication from US private equity firm I Squared Capital for a possible takeover. The…
DESPITE higher interest expenses, most companies in Singapore have been able to generate enough earnings to service their debt, said a report by the Monetary Authority of Singapore (MAS)…
Sinochem Group is considering retaining three bankrupt oil refineries in eastern China after auctions to sell them attracted little interest, reported Reuters, citing sources. This…
CAPITALAND Investment (CLI) has agreed to buy an initial 40 per cent stake in Singapore-headquartered real estate investment manager, SC Capital Partners, for S$280 million. The deal is…
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net interest income (NII) and strong performance of fees,…
It should seize opportunities available in market, as long as exit yields remain favourable THE managers of CapitaLand Ascott Trust (Clas) have announced a flurry of divestments for the…
MANY parts of global markets rallied massively as Donald Trump decisively won the US election on Wednesday (Nov 6). US stocks soared, the dollar strengthened against many major currencies,…
Rate cuts by central banks reducing opportunity cost of holding the precious metal GOLD has long been a favourite among Asian investors. Now, rising interest in gold exchange-traded funds…
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on…
HDFC Life on Tuesday reported a 14.85 per cent year-on-year (Y-o-Y) increase in net profit at Rs 433 crore for the second quarter (Q2) of 2024-25 (FY25), primarily driven by growth in its…
WELLS Fargo’s profit fell in the third quarter as the bank’s interest income was squeezed by subdued loan demand and higher payments to depositors. The fourth-largest US lender reported…
JPMORGAN Chase’s third-quarter profit dropped as it set aside more money to cover potential loan defaults, while rising interest payments and investment banking revenue lifted its shares…
Worsening tensions in the Middle East and foreign fund outflows were the major culprits behind the equity markets sharp fall last week | (Photo: Shutterstock) 3 min read Last Updated : Oct…
