Business
Stocks to watch: Singtel, ST Engineering, Clar, F&N, BRC Asia, Fu Yu, MM2 Asia, Japan Foods
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 7). Source link
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Business
Business
F&N Q1 profit up 18.8% at S$52 million as soft drinks, beer sales jump
BEVERAGE maker F&N reported a net profit of S$52 million for the first quarter ended Dec 31, an 18.8 per cent increase from S$43.8 million…
Business
Singtel secures S$643 million green loan for new data centre in Tuas
SINGTEL’S regional data centre arm, Nxera DCT, has secured a S$643 million, five-year green loan to finance the development of a new 58…
Business
Japan's December household spending beats expectations
TOKYO (Reuters) - Japanese household spending rose for the first time in five months in year-on-year terms in December and at a much…
Business
Amazon offers weak outlook on rising spending for AI
AMAZON.COM projected profit in the current quarter that fell short of analysts’ estimates, suggesting the company continues to ramp up…
Business
Haider Ackermann’s Inaugural Collection for Canada Goose Lifts Fiscal Q3 Results
Canada Goose, the luxury outerwear, apparel, footwear and accessories brand, managed to improve its bottom line in its fiscal third…
Business
Cent Neuf’s Case for Building a Luxury Secondhand Brand
PARIS — Developing mood boards, colorways, key silhouettes and fabric swatches are part and parcel of any design team’s seasonal planning,…
Business
EXCLUSIVE: With a New Minority Investor, Amouage Will Open More Monobrand Boutiques
PARIS — Amouage, infused with Omani culture, has a new long-term minority shareholder — L’Oréal. “The high-end fragrance house Amouage has…
Business
Gen Z is giving more expensive Valentine's Day gifts than millennials
As Valentine's Day approaches, new data suggests that Generation Z consumers are poised to spend more on gifts and experiences than…
Business
Cathay Cineplex has paid back S$12 million owed to landlords; remaining S$2.7 million is a quarter of total sum
mm2 Asia says slower-than-expected recovery of the cinema industry hit the cinema chain’s ability to pay its arrears on a timely basis THE…
Business
US: Wall St opens higher after big corporate results
Wall Street’s main indexes opened slightly higher on Thursday (Feb 6), as investors evaluated earnings from companies including Honeywell…
Business
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6)…
Business
HSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as…
Business
China’s control over 75% of Indonesia’s nickel capacity raises concerns
Chinese companies currently control 75% of Indonesia's nickel refining capacity, raising concerns about supply chain resilience, according…
Business
Unstoppable retail crowd breaks US stock buying record despite rout
THE volatile start to the year has spooked some professional investors but has done little to dowse retail traders’ enthusiasm for the US…
Business
ST Engineering bags new contracts worth S$4.3 billion in Q4 2024
ST ENGINEERING on Thursday (Feb 6) announced that it secured S$4.3 billion in new contracts in the fourth quarter of 2024. These comprise…
Business
Despite housing crunch, German construction sector stuck in doldrums
Germany's residential construction industry continues to face a lack of work and difficult conditions as a crisis in the sector stretches…
Business
CapitaLand Ascendas Reit H2 DPU rises 3.2% to S$0.07681
THE distribution per unit (DPU) of CapitaLand Ascendas Real Estate Investment Trust (Clar) for the second half ended Dec 31, 2024, was…
Business
DeepSeek fever fuels patriotic bets on Chinese AI stocks
CHINESE investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead…
Business
Maersk Q4 profit beats forecast, expects softer 2025 earnings
The Danish company, viewed as a barometer of world trade, said it expects an underlying Ebitda result of between US$6 billion and US$9…
Business
SGX seeing ‘improved momentum’ in IPO pipeline, hopeful that listings will exceed last year’s
More companies could be listing here this year with the Singapore Exchange (SGX) seeing an improved pipeline of initial public offerings…
Business
SocGen doubles Q4 profit as retail unit rebounds
SOCIETE Generale (SocGen) said on Thursday (Feb 6) it had doubled fourth-quarter profits after a recovery in its retail bank and increased…
Business
Guide: How to spawn Treasure Fleets in Civilization 7
Entertainment gossip and news from Newsweek's network of contributors If you're striving to become the world's richest empire in…
Business
HSBC upgrades Grab to ‘buy’ on attractive valuations, growth drivers ahead
HSBC upgraded its rating on ride-hailing giant Grab to a “buy” on attractive valuations and “intact” growth drivers, while Maybank…