Posts by Riah Marton
Toyota to post rise in Q1 profit on hybrid demand, but momentum may be slowing
DEMAND for hybrids is likely to deliver another quarter of double-digit growth for Japan’s Toyota Motor when it reports earnings on Thursday (Aug 1), although it is expected to show signs of slowing after a run of record profits. Analysts will be paying close attention to how much momentum the world’s top-selling automaker has lost…
Read MoreHSBC’s Noel Quinn signs off as CEO with US$3 billion share buyback
NOEL Quinn signed off his final quarter as boss of HSBC Holdings by announcing to return a further US$3 billion to shareholders as the lender reported earnings that beat expectations driven by rising income from global banking and markets. HSBC’s pretax profit for the three months to June rose to US$8.9 billion, according to the…
Read MoreAviation insurance premiums expected to reach 20-year high in 2024 amid air travel boom
The cause of claims that emerged top is collision or crash incidents, accounting for 63 per cent of the value Gross written insurance premiums for the aviation sector will hit a 20-year high in 2024 of more than US$8 billion as air traffic increases, a report by Allianz Commercial published on Wednesday (Jul 31) showed.…
Read MoreBank of Japan to consider rate hike, outline bond taper plan
THE Bank of Japan (BOJ) will consider raising interest rates on Wednesday (Jul 31), a source familiar with the matter said, a move that would accompany a quantitative tightening plan in a sign of its resolve to steadily unwind a decade of massive stimulus. The decision comes as the US Federal Reserve looks to cut…
Read More2024 Olympics: Simone Biles Seemingly Throws Shade at MyKayla Skinner’s Controversial Comments – E! Online
In her controversial video, MyKayla, 27, suggested U.S. Center for SafeSport, a non-profit created in order to help end abuse in athletics, was part of the reason for this perceived lack of effort. “Like, coaches can’t get on athletes and they have to be really careful what they say,” she said. “Which, in some ways…
Read MoreMalaysia’s biggest state carves out gas assets in autonomy push
MALAYSIA’S biggest state, Sarawak, is set to take control of its natural gas assets from federal government-run companies, as its campaign for economic autonomy bears fruit in the South-east Asian country’s fragile political landscape. The Borneo island state’s oil firm, Petroleum Sarawak, last week signed its first gas sale agreements. It is effectively starting a…
Read MoreJax Taylor Enters Treatment for Mental Health Struggles After Brittany Cartwright Breakup – E! Online
Brittany Cartwright Confronts Jax Taylor About Breakup During ‘The Valley’ Finale Jax Taylor is working on his mental health. The Vanderpump Rules alum has entered in-patient treatment for mental health struggles, his rep confirms to E! News. “Jax has always been candid about his mental health struggles, especially during the past few months on his…
Read MoreSingapore shares open higher on Wednesday; STI up 0.3%
SINGAPORE stocks started trading in positive territory on Wednesday (Jul 31), after Wall Street’s mixed performance overnight. As at 9.01 am, the Straits Times Index (STI) opened 0.3 per cent or 10.46 points higher at 3,452.23. Across the broader market, advancers beat decliners 53 to 37 after 21.9 million securities worth S$37.3 million changed hands.…
Read MoreTop Chef’s Shirley Chung Shares Stage 4 Tongue Cancer Diagnosis – E! Online
Isabella Strahan Undergoes Another Surgery After Ending Chemotherapy for Brain Cancer Shirley Chung has some difficult news. The Top Chef alum shared that she has been diagnosed with stage 4 tongue cancer after doctors found a tumor under her tongue in May. The diagnosis came following a series of dental issues that started in December. “I was very calm when doctors delivered the…
Read MoreKeppel Pacific Oak US Reit Q2 distributable income falls 8.8% to US$11.9 million; distributions remain suspended
KEPPEL Pacific Oak US Reit (Kore) reported distributable income of US$11.9 million for the second quarter ended Jun 30, down 8.8 per cent from US$13.1 million in Q2 FY2023, said its manager on Wednesday (Jul 31). The office-focused US real estate investment trust (Reit) did not declare any distributions for the period, as it announced…
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