Forbes Magazine
Rivian, Lucid tumble as slowing EV demand upsets ramp-up plans
RIVIAN Automotive and Lucid Group tumbled on Thursday (Feb 22) after their earnings reports pointed to the impact of slowing electric-vehicle demand on their costly ramp-up plans. Rivian tanked...
Greece to sell entire stake in Piraeus Bank in early March, sources say
GREECE’S bank bailout fund is likely to sell its entire 27 per cent stake in Piraeus Bank in early March, two sources close to the process said on Thursday...
HRnetGroup H2 profit rises 7.1% to S$35.3 million on strong profit margin
MAINBOARD-LISTED HRnetGroup posted a 7.1 per cent rise in net profit to S$35.3 million for the second half of 2023, from S$32.9 million in the previous corresponding period. This...
IReit Global’s H2 DPU falls 26.6% to 0.0094 euro
EUROPE-FOCUSED real estate investment trust (Reit) IReit Global reported on Thursday (Feb 22) a 26.6 per cent decline in distribution per unit (DPU) for the second half, on the...
Genting Singapore H2 profit rises 31% to S$334.9 million on strong post-pandemic recovery
INTEGRATED resort operator Genting Singapore posted a 31 per cent rise in net profit to S$334.9 million for the second half of 2023, from S$255.7 million in the previous...
Singapore stocks rise on Thursday as regional indices gain, Nikkei 225 makes major rally
SINGAPORE stocks ended Thursday (Feb 22) in the black, tracking climbs in regional markets as Japan’s Nikkei 225 broke a bubble-era record. The Straits Times Index (STI) inched up...
Lloyds profit jumps despite UK outlook, motor finance provision
LLOYDS Banking Group reported a 57 per cent jump in profit for 2023 on Thursday (Feb 22), as Britain’s faltering economy and a charge for potential costs from a...
Profits at Britain’s Rolls-Royce more than doubled in 2023
BRITAIN’S Rolls-Royce said annual profit more than doubled last year, beating consensus, and it forecast a further jump in 2024 as aircraft powered by its engines fly more, its...
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