Posts by Yurie Miyazawa
Lynas profit slumps 85% as low rare earths prices take toll
The miner’s performance indicates the market is still over-supplied, with rare earth oxide prices down due to strong output from China and its economic slowdown LYNAS Rare Earths’ first-half profit plunged 85 per cent from the year before, as prices for the materials – used in everything from wind turbines to military hardware and electric…
Read MoreInstacart forecasts downbeat first-quarter core profit, shares fall
INSTACART on Tuesday forecast a lower-than-expected first-quarter core profit as the online grocery delivery platform expects sequential declines in advertising revenue. The company’s shares, which also missed fourth-quarter revenue estimates, were down about 10 per cent in extended trading. Instacart, which provides an advertising platform to grocery retailers including Kroger and consumer packaged firms such…
Read MoreGoogle loses fight on Android Auto access, bodes ill for Big Tech
ALPHABET unit Google’s refusal to let an Enel e-mobility app access its Android Auto platform can be considered an abuse of its market power, Europe’s top court said on Tuesday in a ruling that could force Big Tech to make it easier for rivals to operate on their platforms. In 2021, Italy’s antitrust authority fined…
Read MoreCould Johor’s Forest City complement Singapore’s family office scene?
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre MALAYSIA’S Forest City could be a secondary family office (FO) hub that complements Singapore’s FO scene given its strategic location and lower costs, industry watchers said. But they added that it is still too early…
Read MoreForest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre MALAYSIA’S Forest City could be a secondary family office (FO) hub that complements Singapore’s FO scene given its strategic location and lower costs, industry watchers said. But they added that it is still too early…
Read MoreUS: S&P 500, Nasdaq muted as US plans tighter curbs on chip exports to China
The benchmark S&P 500 and the Nasdaq had a subdued start on Tuesday (Feb 25) as markets braced for the potential impact of more stringent US trade controls on Beijing and awaited quarterly earnings from AI-chip leader Nvidia. The Dow Jones Industrial Average rose 48.5 points, or 0.11 per cent, at the open to 43,509.74.…
Read MoreShell expects 60% rise in global LNG demand by 2040 as Asia leads growth
GLOBAL demand for liquefied natural gas is estimated to rise by around 60 per cent by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday (Feb 25). Demand for natural gas continues to rise globally as…
Read MoreAztech Global H2 profit falls to S$23.9 million on lower sales but group doubles dividend
DESPITE its profit dropping from S$57.1 million to S$23.9 million in the second half of 2024, Aztech Global almost doubled its dividend for the full year ended Dec 31. The Internet of Things device manufacturer said on Tuesday (Feb 25) that it was rewarding shareholders after accumulating a cash reserve of S$311.3 million due to…
Read MoreDBA Drama: Adding a New Name to Your Business
Thinking about adding a new name to your business? That’s where DBA registration comes in. A DBA, or “Doing Business As,” lets you operate under a different name without creating a whole new business entity. It’s a handy way to build your brand and connect with customers, but the process can be a bit tricky…
Read MoreSingapore shares in the red as regional indices fall; STI retreats 0.3%
Losers beat winners 326 to 234, as 1.6 billion securities worth S$1.8 billion change hands SINGAPORE equities closed Tuesday (Feb 25) in the red, tracking regional losses. The benchmark Straits Times Index fell 0.3 per cent or 11.88 points to 3,915.87. On the local bourse, decliners beat gainers 326 to 234, as 1.6 billion securities…
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