Posts by Riah Marton
Norway wealth fund CEO sees potential in real estate, renewable assets
[OSLO] Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s US$1.8 trillion sovereign wealth fund. “The world is splitting into two and that means that we will probably see lower growth and we will see higher inflation,” Norges Bank Investment Management (NBIM)…
Read MoreAdidas holds back on profit upgrade due to tariff uncertainty
[LONDON] German sportswear maker Adidas held back on Tuesday (Apr 29) from raising its 2025 financial forecasts despite strong first-quarter results, saying the uncertainty around US import tariffs was making it difficult to make predictions and plan. CEO Bjorn Gulden said that “in a normal world” the company would have hiked its revenue and profit…
Read MoreLufthansa confirms 2025 outlook, braces for possible trade fallout
[BERLIN] German airline Lufthansa on Tuesday (Apr 29) confirmed its operating result forecast for 2025, offering what analysts deemed a more positive assessment than other airlines, but warned that it was monitoring the impact of trade tensions. European airlines are entering the first-quarter earnings season with increased investor anxiety over demand as global economic worries…
Read MoreDeutsche Bank posts 39% rise in first-quarter profit
Published Tue, Apr 29, 2025 · 01:23 PM [FRANKFURT] Deutsche Bank on Tuesday posted a 39 per cent rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond and currency trading during volatile markets. Deutsche, Germany’s largest lender, recorded net profit attributable to shareholders of 1.78 billion euros (S$2.66…
Read MoreChina says willing to cooperate with US firms after Boeing spat
Among airlines that are willing recipients of the aircraft rejected by the country is Air India Published Tue, Apr 29, 2025 · 01:11 PM [HONG KONG] China is willing to support normal cooperation between US companies, the country’s Ministry of Commerce said on Tuesday (Apr 29), just days after Chinese airlines rejected taking delivery of…
Read MoreHSBC sounds Trump tariff alarm, taking shine off stellar Q1 profit and buyback plans
HSBC warned that loan demand and credit quality could suffer from the broader fallout of US President Donald Trump’s global trade war, signalling tougher times for trade-focused banks even as the lender’s first-quarter profit beat forecasts. Europe’s largest bank reaffirmed targets and unveiled a fresh $3 billion share buyback on Tuesday (Apr 29) as it…
Read MoreChina still backs overseas coal plants despite 2021 pledge, research shows
[SINGAPORE] Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas, according to an analysis of energy investments in Brics countries released on Tuesday. China is involved in constructing 7.7 gigawatts of new coal-fired power, mostly plants used to run nickel smelters in Indonesia,…
Read MoreWhy 90 Day Fiancé’s Gino Palazzolo Agreed to Try an Open Marriage With Jasmine Pineda
Gino Palazzolo thinks his and Jasmine Pineda‘s open marriage was a mistake. The 54-year-old reflected on their relationship on the upcoming 90 Day Fiancé: The Last Resort Tell-All special, which aired just weeks after his estranged wife gave birth to a baby girl with boyfriend Matt Branistareanu. “Overall, after all this was done, I regret agreeing…
Read MoreSebastian Stan Debuts Shaved Head in Shocking Hair Transformation
Marvel at Sebastian Stan‘s new look. The Captain America star unveiled a major hair transformation on April 28, stepping out to the Los Angeles premiere of Thunderbolts*—in which he reprises his MCU role of Bucky Barnes a.k.a. the Winter Soldier—with a shaved head. However, Sebastian kept the same facial hair he had been seen with in…
Read MoreMeghan Markle Explains Meaning Behind Her Nickname for Prince Harry
On Some of Her Favorite Things While the series showcases Meghan’s love of hosting, cooking, gardening and decorating, she also sheds light on some of her other interests. For instance, in one episode, she hosts a game night for her friends. “We have all started to learn mahjong together in the past few months,” she…
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