Posts by Yurie Miyazawa
Home Depot warns of sales, profit decline on weak consumer spending
Home Depot forecast a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday (Aug 13), as tepid discretionary spending dashed hopes of a recovery in demand for home improvement projects. Shares of the Dow component fell 4 per cent in premarket trading after the company also reported a bigger…
Read MoreGolden Agri-Resources Q2 profit falls 27.8% to US$65 million
MAINBOARD-LISTED Golden Agri-Resources (GAR) posted a 27.8 per cent decrease in net profit to US$65 million for the three months ended June, down from US$90 million in the previous corresponding period. Revenue for the period improved 10.4 per cent to US$2.6 billion. For the first half, there was a drop in net profit to US$102…
Read MoreWilmar H1 profit rises 5.2% to US$579.6 million on better feed, industrial and food products performance
AGRIBUSINESS Wilmar International on Tuesday (Aug 13) reported a net profit of US$579.6 million for the first half ended Jun 30, up 5.2 per cent from US$550.9 million in the year-ago period. This was attributed to better performance from the feed and industrial products, as well as food products segments. The gains were partially offset…
Read MoreIEA trims 2025 oil demand outlook as China offsets global gains
THE International Energy Agency (IEA) kept its 2024 global oil demand growth forecast unchanged on Tuesday (Aug 13) but trimmed its 2025 estimate, citing the impact of a weakened Chinese economy on consumption. The report from the IEA, which advises industrialised countries, is the second this week to flag that a sluggish economy is likely…
Read MoreTraders hope Alphabet’s pixel event can stem US$360 billion rout
Alphabet Inc investors are anxiously awaiting a Google hardware event on Tuesday (Aug 13) – banking on new AI features to help stop a selloff that’s wiped out more than US$360 billion in market value in just one month. Google is unveiling one of the biggest redesigns of its Pixel phones in their nearly decade-long…
Read MoreDBS launches blockchain-powered treasury tokens pilot for 24/7 treasury and liquidity management
DBS on Tuesday (Aug 13) announced the pilot launch of its blockchain-powered treasury tokens, in a tie-up with digital payment and financial services provider Ant International. The treasury tokens, enabled by DBS’ permissioned blockchain, is integrated with the bank’s core payments engine and uses smart contracts and tokensisation to improve banking efficiencies. Ant International, through…
Read MoreHot stock: Yangzijiang Shipbuilding up 15% on robust H1 earnings
Revenue is up 15.3 per cent to 13 billion yuan, mainly due to the strong performance of its shipbuilding business, which makes up 95 per cent of total revenue SHARES of Yangzijiang Shipbuilding gained some ground on Tuesday (Aug 13) morning after the company reported a 77.2 per cent increase in first-half net profit. The…
Read MoreESR-Logos Reit prices S$100 million perpetual capital securities at 6%
ESR-Logos Real Estate Investment Trust (Reit) priced S$100 million perpetual capital securities at 6 per cent, said its manager on Tuesday (Aug 13). This is in addition to the S$74.8 million perps that were priced as part of an exchange consideration. The consideration, which the trust announced earlier this month, comprised S$250,000 in principal amount…
Read MoreSpaceX plans crewed mission to observe Earth’s polar areas
SPACEX plans to launch its sixth commercial crewed mission to orbit as soon as late 2024, sending a four-person team of civilian astronauts to fly over the polar regions of the Earth. Called Fram2, the mission will be the first human spaceflight mission to fly over Earth’s poles, SpaceX said on its website on Monday…
Read MorePolish billionaire plans to sue Meta over fake advertisements
POLISH billionaire Rafal Brzoska and his wife plan to sue Meta over fake advertisements on Facebook and Instagram that feature his face and false information regarding her circulating on the social media platforms. Brzoska said they have not yet decided on a jurisdiction to file the planned lawsuit, which would be another in a series…
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