Culture
Mastercard wins UK court nod for £200 million deal to end £10 billion class action claim
MASTERCARD won a London court’s approval for the 200 million euros (S$279.44 million) agreed to pay to end a high profile class action…
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Culture
Culture
Oil settles down US$2, posting weekly loss as Middle East risk premium fades
OIL prices settled down more than US$2 a barrel on Friday (Feb 21), posting a weekly decline as investors grappled with a fading Middle…
Culture
Gold eases from record high on profit-taking, eyes eighth weekly gain
GOLD prices eased on Friday (Feb 21) as investors booked profits from the previous session’s record high, but were set for an eighth…
Culture
US dollar recovers as markets in consolidation mode; pares gains after data
THE US dollar rose against a broad range of currencies on Friday (Feb 21), partly retracing losses versus the yen as investors…
Culture
Greenback recovers as markets in consolidation mode; pares gains after data
The US dollar rose against a broad range of currencies on Friday (Feb 21) including the euro, sterling and those tied to commodities such…
Culture
Europe: Stoxx 600 closes near record high; German elections in focus
EUROPEAN shares settled near a record high on Friday (Feb 21) and marked their longest streak of weekly gains in nearly a year, while…
Culture
US: Wall Street ends sharply lower on mounting concerns over economy, tariffs
US stocks tumbled on Friday (Feb 21), extending their sell-off in the wake of dour economic reports and closing the book on a…
Culture
US securities regulator to drop lawsuit against Coinbase, exchange says
COINBASE said on Friday (Feb 21) the US securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a…
Culture
US: Wall St opens mixed after Thursday’s fall; UnitedHealth drops
WALL Street’s main indexes opened mixed on Friday (Feb 21), a day after Walmart’s dour forecast hit sentiment, while UnitedHealth slid…
Culture
Hong Leong Finance posts 10% rise in H2 profit to S$51.5 million, as net interest margin expands
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…
Culture
US homebuilders near S&P 500 bottom on high rates and tariff fears
INVESTORS are ditching US homebuilder stocks at a record pace as elevated borrowing costs bruise the industry’s prospects and signal that…
Culture
Disclosure-based regulatory system and investor protection ‘not mutually exclusive’: Chee Hong Tat
THE move towards a more disclosure-based regulatory system for Singapore’s equity market does not mean that protection for investors will…
Culture
Singapore unveils S$5 billion boost for fund managers, other moves to revive equities market
SINGAPORE’S capital markets look set to receive a liquidity boost,following the announcement on Friday (Feb 21) of a S$5 billion…
Culture
Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery
GLOVEMAKER Riverstone posted a 3.7 per cent rise in net profit to RM70 million (S$21.2 million) for the three months ended December 2024,…
Culture
UOB prices A$2 billion floating rate senior unsecured notes
UOB announced on Friday (Feb 21) that its Sydney branch has priced its A$2 billion (S$1.7 billion) floating rate senior unsecured notes.…
Culture
Sats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31,…
Culture
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence…
Culture
Haw Par posts 5.5% drop in H2 profit; proposes special dividend of S$1 per share
TIGER Balm maker Haw Par Corp’s profit fell 5.5 per cent to S$106.3 million for the six months ended Dec 31, 2024, on the back of higher…
Culture
Vicom posts 11% higher H2 net profit on robust demand for vehicle testing
VEHICLE Inspection company Vicom posted 11 per cent higher net profit of S$15.2 million for the half-year ended Dec 31, 2024, from S$13.7…
Culture
Singapore stocks end up on Friday as regional indices gain ground; STI expands 0.1%
SINGAPORE equities finished higher on Friday (Feb 21) amid regional gains and a flurry of earnings reports. The benchmark Straits Times…
Culture
Venture posts 6.6% fall in H2 net profit to S$121.4 million on weakness in lifestyle consumer segment
VENTURE Corporation posted a 6.6 per cent year-on-year decline in net profit to S$121.4 million for the half year ended Dec 31, 2024, from…
Culture
China’s SAIC, Huawei to partner in developing new smart EVs
CHINESE automaker SAIC Motor said on Friday (Feb 21) it would partner with tech company Huawei to develop new “globally competitive” smart…
Culture
Trust Bank hits one million customers, launches investment products
SINGAPORE digital bank Trust Bank has hit the one-million-customer milestone, making up about 20 per cent of the adult population in the…
Culture
Alibaba rockets more than 14% to boost Hong Kong market
SHARES in e-commerce titan Alibaba soared more than 14 per cent on Friday (Feb 21), extending a blistering rally in Hong Kong’s Hang Seng…