H2G Green chief to stand trial on Aug 5 amid MOM probe
H2G Green’s chief executive officer Lim Shao-Lin will be facing trial at the State Courts on Aug 5, 2024, after being charged on Oct 31, [more]
Gold flat ahead of US payrolls data, set for second weekly drop
GOLD prices were set for a second consecutive weekly fall, even as bullion traded almost flat on Friday as investors refrained from taking big positions [more]
Dasin Retail Trust trustee-manager chairman, directors deny allegations of misconduct
THREE directors of Dasin Retail Trust’s trustee-manager, including the chairman of the board, denied allegations of misconduct made by Zhang Zhencheng, a non-executive director and [more]
Microsoft adds security chiefs to product groups in wake of hacking woes
MICROSOFT is adding security chiefs to its product groups in a bid to boost resilience to hacking after the company has been criticised for failing [more]
Singapore shares climb at Friday’s open; STI up 0.2%
SINGAPORE stocks inched up at the opening bell on Friday (May 3) morning, mirroring overnight gains in the US market. As at 9.01 am, the Straits [more]
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Keppel Infrastructure Trust’s (KIT) distributable income for the first quarter ended Mar 31 fell 29.1 per cent to S$50.9 million, from S$71.8 million a year [more]
Elite Commercial Reit’s Q1 DPU down 21.2% to £0.0067
ELITE Commercial Reit’s distribution per unit (DPU) for the first quarter ended March 2024 declined 21.2 per cent year on year to £0.0067 from £0.0085, [more]
Airbus called for compensation to take on money-losing Spirit operations: sources
AIRBUS has called for financial compensation to take on money-losing operations from Spirit AeroSystems, a demand that has emerged as one obstacle to a tie-up [more]
Deutsche Bank unveils wealth targets after hiring push in Asia
DEUTSCHE Bank plans to double the assets it manages for rich families in South-east Asia and the Middle East over the next five years, tapping [more]
HSBC asked by US$890 billion investor group to set new energy goal
A GROUP of HSBC investors wants the bank to set a funding target for renewable energy amid concerns its current green pledges are too vague.It’s [more]
Stocks to watch: DBS, KIT, Clint, Elite Commercial Reit
THE following companies saw new developments that may affect trading of their securities on Friday (May 3):DBS : D05 0%: The lender on Thursday experienced [more]
Singapore and Canada to enhance science and technology cooperation
SINGAPORE and Canada have agreed to enhance bilateral cooperation in science, technology and innovation, the two countries said in a joint statement on Thursday (May [more]
Booking says room reservations to slow amid Middle-East conflict
BOOKING Holdings, owner of travel brands Kayak and Priceline, said it expects room-night reservations to slow in the current quarter as tensions in the Middle [more]
CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings in Hyderabad
CAPITALAND India Trust : CY6U 0% (Clint) has inked a forward purchase agreement to acquire IT buildings with a total leasable area of 2.5 million [more]
Block raises annual forecast on resilient consumer spending
JACK Dorsey-led Block lifted its forecast for annual adjusted core earnings on Thursday as the payments firm bet on resilient consumer spending and its own [more]
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
TICKETMASTER parent Live Nation Entertainment beat estimates for first-quarter revenue on Thursday, driven by the popularity of live events such as concerts, sending its shares [more]
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
RENTS for large luxury homes jumped in the first quarter, in contrast to an overall slump in the wider market, as demand from high-net-worth foreigners [more]
Air Canada reports bigger loss than market expectations as costs rise
Air Canada reported a bigger first-quarter loss than market expectations on Thursday (May 2), as higher operating costs tied to labour and aircraft maintenance dampened [more]
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
JAPANESE trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7 per cent from a year earlier to 386.4 [more]
Moody’s tops quarterly profit estimates on strong product demand
MOODY’S on Thursday (May 2) beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.The New York-based company recorded [more]
Hong Kong regulator brings insider trading charges against Segantii and its founder
HONG Kong’s securities regulator started an insider dealing prosecution against hedge fund Segantii Capital Management, its founder and a former trader, the watchdog said on [more]
Novartis to buy radiology specialist Mariana Oncology for US$1 billion
Novartis has entered an agreement to acquire US radiopharmaceutical company Mariana Oncology for US$1 billion, boosting its portfolio of cancer treatments in development, the Swiss [more]
Yen pares some of sharp rise after suspected intervention, dollar steady
The yen fell slightly against the dollar on Thursday (May 2), reversing direction after a sudden surge late on Wednesday that traders and analysts were [more]
Moderna beats quarterly estimates as cost-cutting pares losses
Moderna reported a narrower first-quarter loss than Wall Street had expected, as the biotech giant’s cost-cutting helped offset a steep decline in its Covid business.The [more]