Posts by Mark Darwin
Manchester United posts smaller Q1 loss on cost cuts
Adjusted net loss was £349,000 (S$591,428) for the three months ended Sept 30, compared with a loss of £8.6 million a year earlier Manchester United on Tuesday (Nov 26) reported a smaller adjusted net loss for the first quarter, helped by cost cuts and benefits from favourable exchange rates. Adjusted net loss was £349,000 (S$591,428)…
Read MoreMalaysia plans to produce sustainable jet fuel in 2027
MALAYSIA plans to start producing sustainable aviation fuel (SAF) in 2027, with an initial production capacity of one million tonnes per year, Plantation and Commodities Minister Johari Abdul Ghani said on Tuesday (Nov 26). The production capacity will gradually increase based on factory output and feedstock availability, the minister told parliament. Malaysia, the world’s second-largest…
Read MoreSingPost should quickly cut borrowings by divesting its non-core properties now
Over the past two years, the group has shuttered 12 post offices, leaving another 44 that are located at SLA properties, ground floors of HDB shophouses and other commercial setups such as malls ON THE face of it, national postal service provider SINGAPORE Post (SingPost) delivered an impressive improvement to its bottom line for the…
Read MoreMaybank’s Q3 net profit rises 7.6% to RM2.5 billion
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to RM2.5 billion (S$770 million), up 7.6 per cent from RM2.4 billion in the previous corresponding period. The group’s earnings per share for the quarter stood at 21.04 sen, up from 19.56 sen in the same period last year. Profit before tax for…
Read MoreGlobal airfares set to rise yet again in 2025, Amex GBT says
GLOBAL airfares are set to become more expensive in 2025 even as gains moderate, according to an American Express Global Business Travel Group (GBT) forecast, with ticket prices reflecting higher costs and lingering supply-chain disruptions. The slower climb in ticket expenses is a levelling off from this year’s steep post-Covid increases, the global corporate travel…
Read MoreTPG is said in advanced talks to buy Siemens Gamesa India assets
TPG is in advanced talks to buy the Indian wind energy assets of Siemens Energy’s Gamesa unit, sources familiar with the matter said. TPG has emerged as the likeliest buyer after outbidding rivals including industry players and private equity firms, the sources said, asking not to be identified because the matter is private. A transaction…
Read MoreJapan competition authorities raid Amazon Japan: source
JAPAN’S Fair Trade Commission on Tuesday conducted an on-site inspection of Amazon Japan on suspicion of violating anti-monopoly laws, a government source said. The unit of Amazon.com Inc is suspected of inappropriately urging sellers to lower their prices on its e-commerce site in exchange for giving their products advantageous placement on the site, the source…
Read MoreQualcomm’s takeover interest in Intel is said to cool
QUALCOMM’s interest in pursuing an acquisition of Intel has cooled, according to sources familiar with the matter, upending what would have likely been one of the largest technology deals of all time. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the sources, asking not…
Read MoreGold falls further on stronger US dollar, easing geopolitical tensions
GOLD prices fell on Tuesday (Nov 26) to their lowest in more than a week, weighed down by a stronger US dollar and reports of a potential Israel-Hezbollah ceasefire that dampened safe-haven demand. Spot gold was down 0.2 per cent at US$2,621.06 per ounce, as at 0023 GMT, after hitting its lowest since Nov 18…
Read MoreSTI edges down, following mixed Asia markets amid threat of Trump tariffs
SINGAPORE stocks were trading lower on Tuesday (Nov 26), following a mixed picture in other Asian markets after US president-elect Donald Trump said he would impose an extra 10 per cent tariff on Chinese goods. As at noon, the Straits Times Index (STI) was down 0.3 per cent or 11.15 points to 3,720.24. Across the…
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