Business
UBS second-quarter profit doubles to $2.4 billion, beats estimates
UBS’ second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in…
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Business
Business
HSBC first-half profit falls 26%, misses estimates
Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday, missing analyst estimates, as a US$2.1 billion impairment…
Business
HSBC first-half profit slumps 26% as China losses mount
HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments…
Business
Samsung’s big Tesla order fuels recovery bets despite chip woes
Samsung Electronics’ surprise US$16.5 billion chipmaking deal with Tesla has breathed new life into a foundry business all but written off…
Business
Stablecoins inspire hope, and hype, in Hong Kong
Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of…
Business
Asia: Markets mixed as China-US talks end, eyes on tech earnings
Asian markets were mixed on Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their…
Business
US consumer finance watchdog says it will replace Biden-era ‘open banking’ regulations
A federal judge on Tuesday paused a lawsuit against the US Consumer Financial Protection Bureau that had sought to strike down “open…
Business
Citigroup hiring for Asia rates, prime teams on hedge fund flows
Citigroup plans to increase headcount in its Asia rates and prime businesses by 5 to 10 per cent over the next year to cope with booming…
Business
Kraken seeks US$500 million funding at US$15 billion valuation, The Information reports
TOCURRENCY exchange Kraken is set to raise US$500 million in funding at a US$15 billion valuation, The Information reported on Tuesday,…
Business
Seatrium halts trading of shares ahead of H1 earnings
Seatrium called for trading of its shares to be halted with immediate effect on Wednesday (Jul 30) morning before market open. This is…
Business
Seatrium settles Brazil corruption case; S$168.4 million financial penalty to Brazilian authorities
Seatrium has on Wednesday (Jul 30) signed a leniency agreement with Brazilian authorities in relation to Operation Car Wash - a major…
Business
Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares
Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday (Jul 29), as the global payments processing company was…
Business
Keppel Reit H1 DPU falls by 2.9% to S$0.0272
Keppel Real Estate Investment Trust (Reit) on Wednesday (Jul 30) reported a 2.9 per cent decline in its distribution per unit (DPU) for…
Business
Mondelez beats second-quarter estimates on strong international demand
CADBURY-PARENT Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady…
Business
CapitaLand China Trust H1 DPU falls 17.3% to S$0.0249
CapitaLand China Trust’s (CLCT) distribution per unit (DPU) for the six months ended Jun 30 fell 17.3 per cent to S$0.0249, from S$0.0301…
Business
China stock Pheton plunges 90% in minutes after pump-and-dump warning
Pheton Holdings, a Nasdaq-listed Chinese health care company, lost 90 per cent of its market value in a matter of minutes on Tuesday (Jul…
Business
CDL Hospitality Trusts H1 NPI drops 11.9% to S$58.6 million as W Hotel renovations continue
Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell11.9per cent to S$58.6 million for the first half ended June 30, from…
Business
Stocks to watch: Hotel Properties Limited, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 30): Hotel Properties Limited…
Business
Stocks to watch: Hotel Properties Ltd, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 30): Hotel Properties Limited…
Business
Goldman taps art advisory in Asia as wealthy plan for heirs
Goldman Sachs is building up its art advisory services in Asia, as wealthy families catch up with those in the US and Europe on…
Business
Goldman pitches wealthy Asian heirs on leveraging family art
Goldman Sachs Group is building up its art advisory services in Asia, as wealthy families catch up with those in the US and Europe on…
Business
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and…
Business
Far East Hospitality Trust H1 DPS falls 9.2% to S$0.0178
Distribution to stapled security holders drops 8.7% to S$36 million from S$39.5 million Far East Hospitality Trust (FEHT) posted a 9.2 per…
Business
Far East Hospitality Trust H1 DPS falls 9.2% to S$0.0178 on lower contributions from Singapore hotels, serviced residences
Far East Hospitality Trust (FEHT) on Wednesday (Jul 30) posted a 9.2 per cent fall in distribution per stapled security (DPS) to S$0.0178…