Culture
Jardine Matheson reports 45% growth in H1 underlying profit to US$798 million
Revenue for the period down 1% at US$17.1 billion from US$17.3 billion a year prior Jardine Matheson Holdings (JMH) reported a 45 per cent…
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Culture
Culture
Moderna to cut 10% of staff to offset slowing Covid business
[CAMBRIDGE, MASSACHUSETTS] Moderna is cutting about 10 per cent of its workforce, part of an effort by the struggling biotech company to…
Culture
StanChart CEO says ‘shame on’ big banks quitting net zero group
The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their…
Culture
NetLink Trust reports 9.2% fall in Q1 FY2026 earnings to S$23.3 million on lower Ebitda, expanded asset base
But its revenue was up 1.9% year on year at S$102.8 million; Ebitda took a dip of 1.9% to S$70 million The manager of NetLink NBN Trust on…
Culture
Trump’s tariff on India to do little to upset iPhone manufacturing plans
US President Donald Trump’s 25 per cent tariffs on Indian goods will do little to slow the role of the country as a key hub for…
Culture
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the…
Culture
Singapore’s Perennial setting up 500 million yuan general hospital in Shanghai
Singapore-based real estate and healthcare company Perennial Holdings announced on Thursday (Jul 31) that it has entered into a…
Culture
South-east Asia’s key currencies set to strengthen in H2 2025 despite rate cuts
Investors are expected to favour major South-east Asian currencies, with economists projecting continued gains against the US dollar…
Culture
Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes
Investment appetite for gold remains strong in Singapore, with 2.2 tonnes of gold bars and coins purchased in the second quarter of 2025,…
Culture
Lufthansa reports higher-than-expected Q2 earnings
Lufthansa on Thursday reported better second-quarter results than expected, boosted by low oil prices and currency effects, and confirmed…
Culture
Family office for Hong Kong’s richest builds out hedge fund team
A money manager for some of Hong Kong’s richest families is building a hedge fund team to allocate money away from private equity after…
Culture
Richest Thai sees US$10 billion hydro, LNG projects driving growth
Construction on a US$1 billion LNG import terminal project, Thailand’s third, will start later this year before commercial operations are…
Culture
Macquarie ‘Millionaires Factory’ put at risk by investor revolt
[SINGAPORE/MELBOURNE] Macquarie Group’s long vaunted money-making machine for top bankers is showing signs of strain. Known as the…
Culture
Gold rebounds from one-month low on renewed trade uncertainty
Gold prices rebounded on Thursday (Jul 31) from a one-month low hit in the previous session, as trade uncertainty stemming from fresh US…
Culture
Aims Apac Reit posts 0.4% higher Q1 DPU of S$0.0228 amid stable operational performance
Aims Apac Reit reported on Thursday (Jul 31) a 0.4 per cent increase in distribution per unit (DPU) of S$0.0228 for Q1 FY2026, from…
Culture
Trump spares copper market from worst with 50% duty on products
US President Donald Trump imposed a 50 per cent tariff on all semi-finished copper products coming into the US, but stopped short of…
Culture
Robinhood tops profit expectations as trading frenzy sweeps across asset classes
Robinhood Markets exceeded second-quarter profit estimates on Wednesday (Jul 30), driven by a massive surge in volumes as investors traded…
Culture
Miu Miu growth helps Prada to defy luxury downturn
Prada reported a 9 per cent increase in first half net revenues at constant currencies on Wednesday (Jul 30), with its smaller but fast…
Culture
Local startup MetaOptics Technologies lodges preliminary prospectus for Catalist IPO
MetaOptics Technologies, a Singapore-headquartered semiconductor optics startup, on Wednesday (Jul 30) lodged its preliminary prospectus…
Culture
US: Wall St opens higher as investors digest GDP data; Fed verdict awaited
Wall Street’s main indexes opened higher on Wednesday (Jul 30) as investors assessed better-than-expected GDP data, and awaited the…
Culture
PropertyGuru says business has logged double-digit per cent growth in a year
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…
Culture
Jardine C&C reports 23% fall in H1 earnings to US$371 million on unrealised fair value losses
Jardine Cycle & Carriage (JC&C) on Wednesday (Jul 30) reported a 23 per cent decline in earnings to S$371.1 million for the first half of…
Culture
Mapletree Logistics Trust to divest South Korean property for S$7.4 million
The proposed divestment is in line with its manager’s drive to rejuvenate its portfolio by letting go of assets no longer aligned with its…
Culture
MPACT Q1 DPU falls 3.8% to S$0.0201 on lower contributions, divestment of Mapletree Anson
The manager of Mapletree Pan Asia Commercial Trust (MPACT) on Wednesday (Jul 30) reported a 3.8 per cent fall in distribution per unit…