Posts by Mark Darwin
Rajeev Mittal appointed CEO of Prudential’s asset management arm
[SINGAPORE] Rajeev Mittal will lead Prudential’s asset management business, Eastspring Investments, from Jul 1. He will replace Bill Maldonado, who will retire and return to the United Kingdom where his family has been living for the past four years, said Prudential in a press release on Thursday (May 22). Mittal will report to Prudential’s CEO…
Read MoreApac family offices favour developed market equities, bonds: UBS report
[SINGAPORE] Family offices (FOs) in the Asia-Pacific favoured equities and bonds from developed markets in 2024 and plan to increase their strategic allocations into these asset classes in 2025, a report by UBS showed. On average, an Apac FO allocated 24 per cent to equities and 20 per cent to bonds from developed markets in…
Read MoreLenovo reports 64% profit decline in fourth quarter
Published Thu, May 22, 2025 · 01:30 PM [BEIJING] China’s Lenovo, the world’s largest personal computer manufacturer, on Thursday reported a worse-than-expected 64 per cent fall in fourth-quarter profit, which it said was mostly due to a non-cash decline in the value of warrants. Lenovo reported revenue of US$16.98 billion for the quarter ended March…
Read MoreUS accepts Qatar luxury jet as Trump’s new Air Force One
[WASHINGTON] The Defense Department formally accepted a luxury Boeing 747-8 jumbo jet from Qatar to temporarily serve as the new Air Force One for US President Donald Trump, one of the biggest foreign gifts ever given to the US government. The move fulfils Trump’s desire for a new presidential aircraft, after years of delays in…
Read MoreJPMorgan is long-term in China despite pressure, Dimon says
[SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies. “We’re a long term investor here,” he said in a Bloomberg TV interview at the lender’s Global China Summit in Shanghai. “Yes, there’s all these…
Read MoreSingtel jumps 3.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Company’s shares hit their highest price in more than 5 years as telco returns to the black with S$2.8 billion H2 net profit [SINGAPORE] Shares of Singtel rose on Thursday (May 22) morning after the telco giant announced a final dividend of S$0.10 per share and initiated its first share buyback programme of up to…
Read MoreSingtel jumps 2.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Singtel has returned to the black with S$2.8 billion net profit for its second half [SINGAPORE] Shares of Singtel rose on Thursday (May 22) morning after the telco giant announced a final dividend of S$0.10 per share and initiated its first share buyback programme of up to S$2 billion. As at 9.12 am, the counter…
Read MoreChinese firms go on fundraising spree amid rush of easy money
[HONG KONG] Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US. The surge in inflows created by the waning of US exceptionalism and the Beijing-Washington trade truce has fuelled one of the most active fundraising booms the…
Read MoreStocks to watch: Singtel, CapitaLand Ascott Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 22). Singtel: The telco giant returned to the black with a net profit of S$2.8 billion for its second half ended March, compared with a net loss of S$1.3 billion for the previous corresponding period. This translates to…
Read MoreZoom lifts annual forecasts on robust demand amid AI push
Published Thu, May 22, 2025 · 07:13 AM ZOOM Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial intelligence into its products. The integration of AI into its tools and expansion of its range of services has helped Zoom. It added agentic AI Companion capabilities and…
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