Leadership

Yen falls after suspected intervention on Monday, eyes on Fed
Yen falls after suspected intervention on Monday, eyes on Fed
April 30, 2024
The yen dropped against the dollar on Tuesday (Apr 30), giving up some of its sharp gains the previous day sparked by suspected intervention by Japanese authorities.The currency was...
Parkway Life Reit Q1 DPU up 4% to Salt=
Parkway Life Reit Q1 DPU up 4% to S$0.0379
April 30, 2024
PARKWAY Life Reit : C2PU 0% posted a distribution per unit (DPU) of S$0.0379 for the first quarter of 2024, up 4 per cent from S$0.0365 a year ago.The healthcare...
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
April 30, 2024
JAPANESE officials may have spent some 5.5 trillion yen (S$52 billion) supporting the currency on Apr 29 to pull it back from new 34-year lows, Bank of Japan data...
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays
April 30, 2024
THE Monetary Authority of Singapore (MAS) will not extend the six-month pause on non-essential activities imposed on DBS, after “substantive progress” was made on remediation efforts following service disruptions.The...
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays
DBS can resume non-essential activities, but 1.8 times multiplier on its assets stays
April 30, 2024
A TEMPORARY restriction on DBS Bank from undertaking non-essential activities is over. This comes after the Monetary Authority of Singapore (MAS) on Tuesday (Apr 30) said it will not...
Dying salmon trouble Norway’s vast fish-farm industry
Dying salmon trouble Norway’s vast fish-farm industry
April 30, 2024
THEY are hailed for their omega-3 fatty acids and micronutrients, but Norway’s salmon are not in the best of health themselves at the fish farms where they are bred.Almost...
Boosted by name brand beers, Carlsberg sees higher sales
Boosted by name brand beers, Carlsberg sees higher sales
April 30, 2024
Danish brewer Carlsberg on Tuesday (Apr 30) reported a 4.4 per cent increase in revenue in the first quarter, boosted by higher sales of name brand beers.In a comment,...
L’Occitane’s billionaire owner Geiger to take firm private in US.8 billion deal
L’Occitane’s billionaire owner Geiger to take firm private in US$1.8 billion deal
April 30, 2024
Hong Kong-listed L’Occitane International’s chairman and controlling shareholder, Reinold Geiger, will take the skin-care firm private, giving it an equity value of US$6.4 billion, the company said.The deal will...
Mercedes earnings drop on model changeovers, EV slump
Mercedes earnings drop on model changeovers, EV slump
April 30, 2024
Mercedes-Benz Group’s earnings plummeted 34 per cent in the first quarter, weighed down by model changes and sluggish demand for electric vehicles.Adjusted group earnings before interest and tax dropped...
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
April 30, 2024
ONLINE fast-fashion retailer Shein is courting brands such as toothpaste conglomerate Colgate-Palmolive and toymaker Hasbro as it tries to sell more household names on its platform.Known for cheap own-brand...