Culture
Trump’s crypto company launches strategic ‘token reserve’
WORLD Liberty Financial (WLF), the new crypto platform in which US President Donald Trump holds a financial stake, announced that it was…
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Culture
Culture
CBA’s first-half profit beats estimates on strong asset quality, lending volume growth
COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower…
Culture
BlackRock, FDIC seek to end regulatory row over bank stakes
The FDIC wants disclosures on any potential effort by large asset managers to sway banks where they have sizeable stakes BLACKROCK and the…
Culture
China quants rebound on stocks rally as investors woo new stars
CHINESE quantitative hedge funds saw a strong rebound in the final quarter of 2024, saving the industry from an otherwise bruising year…
Culture
KKR nears US$14 billion for buyout fund in show of momentum
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult…
Culture
JPMorgan adds buy-now, pay-later provider Klarna to its payments platform
JPMORGAN Chase’s payments processing unit is partnering with fintech Klarna to expand buy now, pay later (BNPL) options for its merchants.…
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Future-proofing your business in 2025
AMID continued geopolitical tensions, macroeconomic uncertainty and market volatility, businesses are looking to future-proof themselves…
Culture
First Reit’s H2 DPU falls 6.5% to S$0.0116
HEALTHCARE real estate investment trust (Reit) First Reit posted a distribution per unit (DPU) of S$0.0116 for the second half of its 2024…
Culture
Lawsuit brought against PropNex unit on alleged salesperson misconduct
REAL estate services group PropNex said that its wholly owned subsidiary PropNex Realty, has been named as one of three co-defendants in a…
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NSL reverses losses with a net profit of S$18.9 million in latest 6-month results
INDUSTRIAL group NSL posted a net profit of S$18.9 million for the six-month period ended Dec 31, 2024, a reversal from its net loss of…
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US: Wall St opens lower with Powell’s testimony on tap
WALL Street’s main indexes opened lower on Tuesday (Feb 11), as investors awaited a testimony from Federal Reserve Chair Jerome Powell for…
Culture
China bubble tea firm Mixue targets US$500 million in February Hong Kong IPO: sources
The firm plans to use the money raised in its IPO to expand production facilities and help increase its range of drinks CHINA’S largest…
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Coca-Cola posts surprise revenue jump on higher prices, steady demand
It’s focused on capturing demand in emerging markets such as India and expanding its portfolio in North America Coca-Cola posted a…
Culture
Wing Tai H1 net profit declines 51% to S$10.1 million
PROPERTY and retail company Wing Tai Holdings’ net profit continued its decline in the first half of its 2025 fiscal year due to lower…
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SGX securities turnover value up 1% in January; volume down 31%
THE total securities market turnover value on the Singapore Exchange (SGX) increased 1 per cent year on year (yoy) to S$20.8 billion in…
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BP pledges reset as annual profit dips below US$9 billion
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in…
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BP pledges strategy reset as annual profit falls by a third
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in…
Culture
Partners Group’s 2024 private equity secondary market investments surge 113% on year
ONE of the world’s biggest private equity (PE) companies, Swiss-based Partners Group, pumped in US$3.2 billion (S$4.3 billion) into PE…
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Investors cautious ahead of Powell’s address, US inflation data; STI down 0.4%
SINGAPORE shares retreated from previous day’s rally to close lower on Tuesday (Feb 11), as investors stayed cautious ahead of…
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How to Pull Off Wearing Winter White - Fashion Jackson
Now this is how you do winter white. Last week, the FJ team hit the streets of New York, AKA the fashion playground of the east coast.…
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China’s CATL to file for at least US$5 billion Hong Kong listing this week: sources
CHINESE battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5 billion, according to two…
Culture
Paragon Reit jumps 11.8% on privatisation offer
This is after the manager announces that it received a S$0.98-per-unit privatisation offer from Times Properties UNITS of Paragon Real…
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Citigroup targets social finance deals in Asia as demand grows
Citi led 76 transactions in Asia last year, raising US$2.4 billion, according to the bank CITIGROUP said it expects social finance funding…
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Analysts raise target prices, dividend estimates on DBS, predicting higher valuation ahead
Among its high ROE businesses, a “standout” performer is its wealth management segment, says DBS ANALYSTS raised their target prices for…