Leadership
GSK raises annual profit and sales forecast after second quarter beat
BRITISH drugmaker GSK raised its annual earnings and sales forecasts on Wednesday (Jul 31) and posted second-quarter results that beat market expectations, boosted by its cancer and HIV portfolio.
CEO...
Japan to slap Toyota with corrective order for certification violations
THE Japanese government will issue a corrective order to Toyota Motor on Wednesday (Jul 31) due to violations in the company’s vehicle certification procedures, the transport ministry said in...
Parkway Life Reit acquires Osaka nursing home property for 2.4 billion yen
Parkway Life Real Estate Investment Trust (Reit) is acquiring a nursing home property in Osaka, Japan, for 2.4 billion yen (S$20.7 million), its manager said on Tuesday (Jul 30). The...
Aviation insurance premiums expected to reach 20-year high in 2024 amid air travel boom
The cause of claims that emerged top is collision or crash incidents, accounting for 63 per cent of the valueGross written insurance premiums for the aviation sector will hit...
Brokers’ take: UOBKH upgrades Keppel DC Reit to ‘buy’ on positive rental reversions
BROKERAGE firm UOB Kay Hian (UOBKH) has upgraded its call on Keppel DC Real Estate Investment Trust (Reit) to “buy” from “hold”, and raised its target price to S$2.09,...
Gold prices set for monthly gain; traders eye Fed verdict
GOLD prices held steady on Wednesday (Jul 31) and headed for a monthly gain, supported by rising optimism surrounding US interest rate cuts, while the focus shifted to the...
Netflix kicks off first-ever bond sale in US high-grade market
NETFLIX received more than US$19 billion of orders for its first investment-grade bond sale, according to sources with knowledge of the matter.The streaming giant sold US$1.8 billion of debt...
Fed expected to hold rates and signal September cut
FEDERAL Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signalling a potential rate cut in September, though they may...
