Leadership
US dollar firmer before key inflation data, kiwi sinks as RBNZ holds rates
THE US dollar firmed up on Wednesday (Feb 28) as markets awaited a raft of global inflation data for clues on when central banks may start easing policy, while...
Hong Leong Asia H2 profit rises 185% on powertrain solutions, building materials growth
HONG Leong Asia, the trade and industry arm of the Hong Leong Group, on Wednesday (Feb 28) posted a net profit of S$34.1 million for the second half of...
BYD amps up brutal China EV price war with bigger discounts on new car versions
CHINESE electric vehicle giant BYD on Wednesday (Feb 28) unveiled lower-priced new versions of its Han sedans and Tang SUVs, deepening a protracted and brutal price war in the...
UOB Kay Hian H2 profit up 92.2% as interest income jumps 28.7%
BROKERAGE firm UOB Kay Hian on Wednesday (Feb 28) reported a 92.2 per cent growth to its earnings for the second half ended Dec 31, 2023 on a lift...
Singapore stocks close lower as investor optimism wanes, STI down 0.6%
LOCAL shares ended Wednesday (Feb 28) lower, as investors opted for more caution ahead of a slew of critical macroeconomic data, including the Federal Reserve’s preferred inflation gauge –...
Swisscom in advanced talks to buy Vodafone Italia for US$8.7 billion
SWISSCOM said on Wednesday (Feb 28) it was in exclusive talks to buy all of Vodafone Italia for US$8.7 billion and would merge the business with its Italian subsidiary...
Worldline takes 1.15 billion-euro hit from merchant services write down
FRENCH payment company Worldline on Wednesday (Feb 28) posted a 6 per cent rise in full-year revenue, but reported a net loss group share after it took a 1.15...
Aston Martin annual losses narrow as prices hit record levels
ASTON Martin’s annual losses more than halved in 2023, coming in smaller than market expectations, after selling prices reached record levels as the British luxury carmaker delivered its Valkyrie...
