Posts by Mark Darwin
Australia’s Star Entertainment expects to get liquidity offers, shares slump on pending results
CASINO operator Star Entertainment said on Friday (Feb 28) it is expecting to receive one or more liquidity proposals during the day, with its first-half results only to be finalised if those offers sufficiently address its cash-crunch. Shares of the company fell 11.5 per cent to A$0.12 as at 0002 GMT. Trading in Star shares…
Read MoreSeven & i plots Europe growth as Couche-Tard bid pressure mounts
SEVEN & i Holdings is seeking deals in Europe to bolster growth abroad as the retailer faces increased pressure to consider a proposed takeover by Canada’s Alimentation Couche-Tard. The Tokyo-based operator of convenience stores and supermarkets currently does business in 20 countries and regions, and aims to add 10 more nations by fiscal 2030, while…
Read MoreHP sees weaker profit on tariffs; will cut over 1,000 jobs
HP GAVE a profit outlook for the current quarter that fell short of expectations, citing the impact of rising component costs and tariffs on goods from China. Earnings, excluding some items, will be 75 US cents to 85 US cents a share in the period ending in April, the company said on Thursday (Feb 27).…
Read MoreUS: Wall St opens higher as Nvidia’s forecast calms AI demand fears
WALL Street’s main indexes opened higher on Thursday (Feb 27) as AI bellwether Nvidia’s upbeat forecast soothed concerns of cooling demand in the industry, though a jump in weekly jobless claims kept a check on gains. The Dow Jones Industrial Average rose 83.3 points, or 0.19 per cent, at the open to 43,516.44. The…
Read MoreSherman Kwek: CDL board rift sparked by action to rein in Catherine Wu, Kwek Leng Beng’s adviser
THE “primary reason” for the ongoing dispute at City Developments Ltd is “a very serious issue of corporate governance” involving Dr Catherine Wu, Kwek Leng Beng’s adviser, group chief executive Sherman Kwek said in a statement on Thursday (Feb 27) evening. He cited Dr Wu as holding an official position as advisor to the board…
Read MoreApac Realty’s H2 profit halves to S$3.1 million as new home sales drop
REAL estate services player Apac Realty posted a 53.6 per cent fall in net profit to S$3.1 million for the six months ended Dec 31, 2024, hit by a fall in new home sales. The company’s revenue for the half-year dipped 0.6 per cent to S$295.9 million, on the back of a 30.5 per cent…
Read MoreBusiness Standing Check: What That Certificate Really Means
Ever wonder what that business certification really means? It’s like having your business’s ID card, showing that you’re legit and playing by the rules. Whether you’re just starting out or have been around the block a few times, understanding this certification can be key to your business’s success. Let’s break it down and see why…
Read MoreHSBC cutting staff numbers by 900 at China Pinnacle unit: sources
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition for the unit as part of its expansion plans in that country. Pinnacle was launched in 2020 and sells insurance and fund products through a digital…
Read MoreSingapore shares gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance SINGAPORE equities climbed on Thursday (Feb 27) as investors took stock of company earnings. The benchmark Straits Times Index (STI) rose 0.3 per cent or 13.14 points to 3,921.19. Across the broader market, losers beat gainers 289 to 269, after…
Read MoreCenturion’s planned Reit will do the ‘heavy lifting’ of its assets, says CEO
The group hopes to “rationalise its assets” in a way that will help them to grow bigger PURPOSE-BUILT accommodation operator Centurion Corporation said on Thursday (Feb 27) that the proposed real estate investment trust (Reit) comprising some of its worker and student accommodation assets will do “the heavy lifting” as the group focuses on becoming…
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