Leadership

China’s BYD seeks entry to Canada EV market despite likely tariffs
China’s BYD seeks entry to Canada EV market despite likely tariffs
August 1, 2024
CHINESE electric carmaker BYD is looking to enter the Canadian market just as Prime Minister Justin Trudeau’s government works to clamp down on imports of vehicles from the Asian...
AIG reports second-quarter loss due to Corebridge separation
AIG reports second-quarter loss due to Corebridge separation
July 31, 2024
AMERICAN International Group (AIG) booked a loss in the second quarter due to accounting charges tied to the formal separation of life and retirement business Corebridge Financial. AIG lost...
Meta sales beat estimates on advertising growth; shares jump
Meta sales beat estimates on advertising growth; shares jump
July 31, 2024
META Platforms reported better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence (AI) are helping it sell more targeted and personalised advertisements.Shares...
Proposed changes to leverage limits for S-Reits make sense given Manulife US Reit’s experience
Proposed changes to leverage limits for S-Reits make sense given Manulife US Reit’s experience
July 31, 2024
ON THE final trading day of 2022, the manager of Manulife US Real Estate Investment Trust (MUST) put out an announcement headlined: “Aggregate leverage to remain within regulatory limit...
UBS sues Bank of America for US0 million over crisis-era mortgage costs
UBS sues Bank of America for US$200 million over crisis-era mortgage costs
July 31, 2024
UBS sued Bank of America for US$200 million on Wednesday (Jul 31), saying the second-largest US bank refused to cover its legal costs related to risky mortgages issued before...
India’s Adani Power Q1 profit down more than half as fuel costs bite
India’s Adani Power Q1 profit down more than half as fuel costs bite
July 31, 2024
Consolidated net profit fell from 87.59 billion rupees a year earlier to 39.13 billion rupees (S$625.1 million) in the April-June quarterIndian thermal power producer Adani Power reported a 55.3...
Yen hits highest level since March after BOJ decision
Yen hits highest level since March after BOJ decision
July 31, 2024
THE Japanese yen hit its strongest in over four months on Wednesday (Jul 31), as Bank of Japan (BOJ) governor Kazuo Ueda flagged the possibility of more rate hikes...
SIA Q1 profit down 38.5% to S1.7 million on surge in expenses
SIA Q1 profit down 38.5% to S$451.7 million on surge in expenses
July 31, 2024
SINGAPORE Airlines (SIA) reported a net profit of S$451.7 million in the first quarter, a 38.5 per cent drop from S$734 million in the year-ago period.Weaker operating performance, a...
SMRT Trains’ full-year net profit down 82.4% to S.5 million
SMRT Trains’ full-year net profit down 82.4% to S$7.5 million
July 31, 2024
PUBLIC transport operator SMRT Trains posted an 82.4 per cent fall in net profit for FY2023/24 ended Mar 31 to S$7.5 million, from S$42.5 million in the previous financial...
Putting board directors at the forefront of enhancing shareholder value
Putting board directors at the forefront of enhancing shareholder value
July 31, 2024
UNCERTAINTY over geopolitics, interest rates and economic factors has made many of us less sanguine than before. While the US markets roar ahead – or perhaps because they are...