Posts by Stephanie Irvin
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October Published Mon, Feb 2, 2026 · 11:12 PM [SINGAPORE] Private equity firm CVC Capital Partners has agreed to sell Japanese personal care company FineToday to Bain Capital, in a deal worth around 200 billion yen…
Read MoreJulius Baer profit drops in 2025 amid write-downs, but beats expectations
It has reported a net profit of 764 million Swiss francs, with a net credit loss of 213 million francs Published Mon, Feb 2, 2026 · 05:27 PM [ZURICH] Swiss bank Julius Baer on Monday (Feb 2) reported a net profit of 764 million Swiss francs (S$1.3 billion) for 2025, which beat analyst expectations but…
Read MoreHyundai Motor did not exercise option to buy back Russian auto factory
Published Mon, Feb 2, 2026 · 01:15 PM [SEOUL] South Korean automaker Hyundai Motor did not exercise a buyback option for its former manufacturing plant in Russia, the company said on Monday (Feb 2), amid the continuing war in Ukraine. Along with its affiliate Kia, Hyundai was once the biggest foreign carmaker in Russia. However,…
Read MoreHow strong is the Singdollar? These charts show how it is performing against regional currencies
These seven charts track the Singapore dollar against key currencies over the last six months [SINGAPORE] The first month of 2026 has seen a broad shift in foreign exchange trends. The strength of the US dollar has receded, with the greenback trading near 11-year lows against the Singapore dollar. The Singdollar remains a bastion of…
Read MoreNio’s January deliveries jump over 96%; cumulative deliveries top 1 million
[SINGAPORE] Chinese electric vehicle (EV) maker Nio delivered 27,182 vehicles in January, marking a 96.1 per cent increase year on year, said the company in a regulatory filing on Sunday (Feb 1). This figure was, however, 43.5 per cent lower than the 48,135 vehicles that Nio delivered in December, which the company had described then…
Read MoreFu Yu appoints Victor Lim as managing director after board dispute
[SINGAPORE] Components manufacturer Fu Yu announced on Sunday (Feb 1) that it has appointed its largest shareholder Victor Lim as its managing director. The appointment, effective immediately, comes slightly over a month after Lim, 41, was reinstated as the company’s director of strategy, a role he held for four years before leaving the company in…
Read MoreWhat is tokenised gold, and why is it taking off in Asia?
Market watchers note that Singapore’s banks have taken a more measured approach towards tokenised gold offerings for retail investors [SINGAPORE] Amid a year-long rally in gold prices that saw the yellow metal cross the US$5,000-an-ounce mark in the past week before pulling back, a quieter momentum has been building on the blockchain. Tokenised gold –…
Read MoreECOUNT ERP Product Review: Better Value for Smaller Companies
ECOUNT ERP is a full-featured cloud-hosted enterprise resource planning solution that aims for the small- and mid-scale business sector. Instead of investing in more complex solutions that are not only pricey but downright complicated, ECOUNT aims to integrate a wide range of essential functions in one platform for the businesses that find traditional enterprise-level ERP…
Read MoreMarket swings in India surge from historic low as budget nears
With the Nifty 50 down more than 3% this year, Indian shares have become some of the world’s worst performers Published Sat, Jan 31, 2026 · 03:50 PM [SINGAPORE] Indian stocks are seeing a resurgence of volatility just weeks after being dubbed the world’s calmest equity market, with growing scepticism sparking an exodus of overseas…
Read MoreMercedes seeks to regain China luxury lead with new S-Class
Germany’s automakers have already lost the battle in the Asian nation on mass-market EVs Published Sat, Jan 31, 2026 · 12:32 PM [FRANKFURT] Mercedes-Benz Group unwrapped a refreshed S-Class, pitching its flagship sedan as a rolling, hyper-connected boardroom to reassert its luxury edge amid intensifying competition from Chinese rivals. Priced from around 121,000 euros (S$182,166),…
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