Leadership
US: Wall St opens higher as inflation data fuels rate cut hopes
WALL Street’s main indexes opened higher on Thursday (Feb 29) as a key inflation metric came in line with estimates, raising hopes of interest rate cuts by the US...
Citigroup to lay off 286 employees in New York
CITIGROUP will lay off 286 employees in New York, according to filings to the State Department of Labor, at a time the bank is carrying out its biggest overhaul...
Chinese retailers further discount iPhone 15
MAJOR Chinese third-party retailers JD.com, TMall, and Pinduoduo are battling for customers by offering more steep discounts on Apple’s iPhone 15 just five months after launch, as the US...
Japfa returns to black with H2 profit of US$22.8 million, but records full-year loss
AGRI-FOOD company Japfa on Thursday (Feb 29) swung back into the black for the six months ended Dec 31, 2023, posting a net profit of US$22.8 million, compared to...
OUE declares final, special dividends amid halving of H2 profit to S$40.9 million
PROPERTY developer OUE on Thursday (Feb 29) posted earnings of S$40.9 million for the second half of the fiscal year ended December 2023, down 59.6 per cent from S$101.2...
Bitcoin set for biggest monthly jump since 2020 amid ETF boost
BITCOIN was on track for its biggest monthly gain in more than three years on Thursday (Feb 29) and within sight of a record high, propelled by cash rushing...
Yeo Hiap Seng H2 profit jumps 183% to S$3.4 million on cost optimisation
FOOD and beverage player Yeo Hiap Seng on Thursday (Feb 29) posted a 183 per cent rise in its net profit for the second half of 2023 to S$3.4...
Puma launches 100 million euro share buyback programme
GERMAN sports apparel company Puma plans to return up to 50 per cent of its net income to shareholders, it said on Thursday (Feb 29). The company will now...
