Leadership
Hot stock: OCBC falls 3.1% after Q4 earnings miss
SHARES of OCBC retreated on Wednesday (Feb 28) morning amid heavy trading after the bank reported a fourth quarter net profit of S$1.62 billion, falling short of the S$1.72...
Starbucks, US union agree to form ‘framework’ for organising, bargaining
STARBUCKS and a union seeking to organise the coffee chain’s US workforce said on Tuesday they have agreed to create a “framework” to guide organising and collective bargaining and...
Oil rises more than US$1/barrel as Opec+ mulls extending output cuts
OIL prices rose more than US$1 a barrel on Tuesday as sources said Opec+ is considering extending voluntary oil output cuts into the second quarter to provide additional support. Brent crude futures...
Blood in the water from US office Reits could draw highly speculative investors
INVESTORS buy into Singapore-listed real estate investment trusts (S-Reits) for their stable distributions. But of late, the three US office S-Reits – after completely halting all or most of...
Yangzijiang Shipbuilding H2 net profit rises 64.7% on rise in shipbuilding revenue
YANGZIJIANG Shipbuilding on Tuesday (Feb 27) reported net profit of 2.4 billion Chinese yuan (S$443.2 million) for the second half of the financial year ended Dec 31, 2023, up...
Hotel Properties swings back to black with S$578.2 million H2 net profit
HOTEL Properties Limited (HPL) on Tuesday (Feb 27) reported a net profit of S$578.2 million for the six months ended Dec 31, 2023, a significant increase from the net...
Goldman Sachs CEO says firm to raise ninth private equity fund
GOLDMAN Sachs CEO David Solomon said on Tuesday (Feb 27) the firm will raise its ninth private equity fund this year. “We’ll launch what we call Capital Partners IX......
Cordlife braces for 25-30% slide to FY23 net profit amid mishandling scandal
PRIVATE cord blood bank Cordlife Group on Tuesday (Feb 27) said it is anticipating a 25 to 30 per cent slide to its net profit for the financial year...
