Posts by Yurie Miyazawa
Japan Foods sinks into the red with S$2.9 million loss in Q3
JAPAN Foods sank into the red with a net loss of S$2.9 million for its third quarter ended Dec 31, 2024, compared with a net profit of S$0.7 million in the correspondig year-ago period. This was mainly due to higher operating expenses, attributed to an increased number of operating outlets in Q3, the group said…
Read MoreHSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as the lender restructures its business to keep a lid on costs. Ma is departing just 2½ years after she was hired from Goldman Sachs Group, according to the people, who asked not to be identified…
Read MoreUnstoppable retail crowd breaks US stock buying record despite rout
THE volatile start to the year has spooked some professional investors but has done little to dowse retail traders’ enthusiasm for the US stock market and the so-called Magnificent 7 companies. Mom-and-pop investor sentiment has reached the highest level on record, surpassing what was seen during the meme-stock mania in 2021, according to Emma Wu,…
Read MoreCapitaLand Ascendas Reit H2 DPU rises 3.2% to S$0.07681
THE distribution per unit (DPU) of CapitaLand Ascendas Real Estate Investment Trust (Clar) for the second half ended Dec 31, 2024, was S$0.07681 – 3.2 per cent higher than S$0.07441 from the corresponding year-ago period, its manager said on Thursday (Feb 6). The distribution will be paid on Mar 11, after the record date of…
Read MoreSGX seeing ‘improved momentum’ in IPO pipeline, hopeful that listings will exceed last year’s
More companies could be listing here this year with the Singapore Exchange (SGX) seeing an improved pipeline of initial public offerings (IPOs), the bourse operator said. SGX chief executive officer Loh Boon Chye said in an earnings briefing on Thursday (Feb 6): “We observe improved momentum. There are deals that are being worked on by…
Read MoreNissan seeking new partners with Honda deal set to collapse
NISSAN Motor is seeking out a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor, sources familiar with the matter said. The Japanese carmaker is looking for a partner that would ideally be from the technology sector and US-based, said the sources, who asked not to be…
Read MoreWorkday to cut nearly 2,000 workers on profit focus
WORKDAY is cutting about 8.5 per cent of its workforce, making it the latest technology company to begin 2025 with headcount reductions. The cuts will amount to about 1,750 workers, chief executive officer Carl Eschenbach wrote in a note to employees on Wednesday (Feb 5). “The environment we are operating in today demands a new…
Read MoreGold firms near record peak as trade war concerns linger
GOLD prices inched higher on Thursday (Feb 6) to hover near an all-time high hit in the last session, as Sino-US tariff war concerns boosted safe-haven demand, while investors awaited the payrolls data for clues about the health of the world’s largest economy. Spot gold was up 0.1 per cent at US$2,867.79 per ounce, as…
Read MoreSingapore shares rise at Thursday’s open; STI up 0.4%
SINGAPORE shares started trading in positive territories on Thursday (Feb 6), mirroring global markets. As at 9.01 am, the Straits Times Index (STI) was up 0.4 per cent or 16.69 points higher at 3,832.06. Across the broader market, gainers outnumbered losers 78 to 30 after 30.9 million securities worth S$79 million changed hands. Among the…
Read MoreSGX’s H1 net profit rises 20.7% to S$340 million
Cash equities and equity derivatives segment leads the group’s broad-based performance THE Singapore Exchange (SGX) on Thursday (Feb 6) posted a net profit of S$340 million for the first half ended December, up 20.7 per cent from S$281.6 million in the previous corresponding period. Earnings before interest, taxes, depreciation and amortisation (Ebitda) for H1 grew…
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