Leadership
DBS, OCBC, UOB have enough liquidity to mitigate funding costs: analysts
HIGHER funding costs are likely to be a key threat to the earnings of the three Singapore banks this year, but analysts expect them to have enough liquidity to...
Air New Zealand trims annual earnings outlook on ‘challenging’ economic conditions
AIR New Zealand on Monday cut its earnings outlook for fiscal 2024, on the back of challenging economic conditions and ongoing cost-of-living pressures leading to softer revenue in both...
It will take a village to lift our stock market
RECENTLY, there have been articles, letters and much discussion lamenting a relatively weak local equity market performance, especially when compared to the US and Japanese markets which have been...
Five waves of UBS layoffs to start in June: report
LAYOFFS under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung reported...
Earnings season kicks off as 27 S-Reits confirm schedule
TWENTY-SEVEN out of 41 Singapore real estate investment trusts and property trusts (S-Reits) have confirmed the release of their financial results or business updates for the respective periods ended...
Europe: L’Oreal gains cap third week of declines
EUROPEAN stocks declined for a third straight week due to geopolitical tensions and worries about higher-for-longer interest rates. L’Oreal rallied after better-than-expected quarterly sales.The Stoxx Europe 600 Index was...
Chinese carmaker Chery to employ 1,250 people at Spanish plant
CHINESE carmaker Chery and its Spanish partner Ebro-EV Motors said on Friday (Apr 19) they expect to create 1,250 jobs and produce 150,000 vehicles a year, mostly electric, at...
Global equity funds see surge in outflows as rate cut hopes fade
GLOBAL equity funds saw a jump in outflows in the seven days through Apr 17 as speculation the US Federal Reserve will delay cutting interest rates dampened investor sentiment.
Outflows...
