Business
iFast plunges over 11% after Temasek-linked Cuscaden Peak offloads S$140 million worth of shares
Shares of iFast plunged minutes after the market opened on Tuesday (Aug 19) as major shareholder CP Invest reduced its stake in the…
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Business
Business
iFast plunges over 11% after Temasek-linked shareholder offloads S$140 million worth of shares
Shares of iFast plunged minutes after the market opened on Tuesday (Aug 19), as major shareholder CP Invest – a subsidiary of…
Business
iFast plunges over 11% after Temasek-linked shareholder offloads S$131 million worth of shares
Shares of iFast plunged minutes after the market opened on Tuesday (Aug 19), as major shareholder CP Invest – a subsidiary of…
Business
iFast plunges 8.5% after Temasek-linked shareholder offloads S$131 million worth of shares
Shares of iFast plunged on Tuesday (Aug 19), as substantial shareholder CP Invest – a subsidiary of Temasek-owned Cuscaden Peak…
Business
Pop Mart earnings may fuel rally as shares trail price target
Pop Mart’s first-half earnings and outlook commentary may provide a fresh reason for investors to build positions in the shares after a…
Business
Pop Mart’s Labubu doll frenzy drives 204% revenue surge, 397% profit jump
— Chinese plush toymaker Pop Mart International Group reported robust revenue and profit growth, boosted by global demand for its hugely…
Business
Tokyo: Nikkei slips from record high as investors weigh Wall Street lull
Japan’s Nikkei share average slipped from a record high to trade flat on Tuesday, as investors weighed Wall Street’s muted overnight…
Business
China’s limp LNG demand faces more hurdles from Guangdong reform
China’s tepid imports of liquefied natural gas (LNG) face further pressure after market reforms in the southern province of Guangdong that…
Business
Blackrock readies venture secondaries fund as market expands
The secondary market for private fund stakes has exploded in size alongside a boom in private markets generally BlackRock is preparing to…
Business
Gold holds steady as investors eye Fed’s Jackson Hole meeting
Gold prices were little changed on Tuesday (Aug 19) as investors focused on the Federal Reserve’s Jackson Hole meeting later this week,…
Business
Xiaomi’s US$120 billion gain faces scrutiny on smartphone slowdown
Investors anxiously await an earnings report from Xiaomi, following a rally that has driven its market value up US$120 billion in the past…
Business
Xiaomi’s revenue rises 31% after second EV excites consumers
Xiaomi’s quarterly revenue rose a slightly better-than-anticipated 31 per cent after the successful launch of its second electric vehicle…
Business
China Medical System H1 net profit rises 3.4% to 941.2 million yuan; interim dividend at S$0.028
China Medical System (CMS) posted a rise in first half profit and interim dividend on Monday (Aug 18), its first set of results after its…
Business
China Medical System H1 profit rises 3.4% to 941.2 million yuan; to pay interim dividend of S$0.028
China Medical System (CMS) posted a rise in first half profit and interim dividend on Monday (Aug 18), its first set of results after its…
Business
Stocks to watch: Yangzijiang Financial, Marco Polo Marine, China Medical Systems, Clearbridge Health
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 19): Yangzijiang Financial: The…
Business
Foxconn’s Apple era fades as AI servers drive growth in Taiwan tech sector
Taiwan’s Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main…
Business
SoftBank to invest US$2 billion in Intel as part of US push
SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort and offers a vote of confidence in…
Business
SoftBank makes surprise US$2 billion bet on Intel’s AI revival
SoftBank Group agreed to buy US$2 billion of Intel stock, a surprise deal to shore up a struggling US name while boosting its own chip…
Business
Australian biotech giant CSL to spin off vaccine unit Seqirus, cut 15% of workforce
While the Melbourne-based company employs around 32,000 people, no firm number was put on the job cuts Australian biotech giant CSL said…
Business
Marco Polo Marine Q3 gross profit slides 4% to S$14 million
Integrated marine logistics company Marco Polo Marine posted a 4 per cent decline in gross profit to S$14 million for its third quarter…
Business
Marco Polo Marine Q3 gross profit slips 4% to S$14 million
Integrated marine logistics company Marco Polo Marine’s gross profit dipped 4 per cent to S$14 million for its third quarter ended Jun 30,…
Business
BHP posts smallest annual profit in five years on lower iron ore prices
BHP Group reported its smallest annual underlying profit in five years and its lowest dividend in eight years on Tuesday, but said demand…
Business
Goldman Sachs targets richest families in Australia expansion
Goldman Sachs plans to expand its private wealth management team in Australia to capture a boom in self-made multi-millionaires and family…
Business
RBNZ seen resuming rate cuts as focus shifts to wilting economy
New Zealand’s central bank is expected to cut interest rates this week, resuming its easing cycle after a pause in July as the economy…