Leadership
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Olam Group’s indirect 64.57 per cent-owned subsidiary Olam Agri has on Thursday (May 2) increased its off-market takeover offer to acquire all shares in Namoi Cotton, topping its rival...
Stocks to watch: DBS, Olam, Parkway Life Reit, Japfa, CSE Global
THE following companies saw new developments that may affect trading of their securities on Thursday (May 2):
eBay forecasts Q2 revenue below estimates as consumer spending remains strained
E-COMMERCE firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday (May 1), as demand cools for its key product categories such as collector’s items and auto parts,...
US Federal Reserve leaves rates unchanged, flags ‘lack of further progress’ on inflation
THE US Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing...
S-chip IPOs may be coming again, but don’t count on investors getting too excited
SINGAPORE may soon see an increase in initial public offerings (IPOs) and secondary listings from Chinese companies. But retail investors – many of whom still bear the scars of...
Kraft Heinz misses sales estimates as higher prices deter customers
KRAFT Heinz missed Wall Street estimates for first-quarter sales on Wednesday (May 1), signalling inflation-weary consumers were pushing back against its higher-priced branded lunch combos, mac and cheese, and...
US dollar nears six-month high after pre-Fed data shock, yen steady
THE US dollar inched towards its highest level since November on Wednesday (May 1) ahead of a Federal Reserve interest rate decision later in the day, after data on...
KFC parent Yum reports surprise drop in global same-store sales on weak demand
YUM Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United...
