Leadership
SGX RegCo proposes rule changes to aid company restructuring
FINANCIALLY distressed companies undergoing restructuring may dispose of significant assets without the approval of shareholders and have their trading suspension waived under “exceptional circumstances”. That’s if proposed changes by...
US: Wall Street opens higher on Nvidia’s big surge
WALL Street’s main indexes opened higher on Thursday (Feb 22) as Nvidia’s bumper results and forecast powers an AI-led rally that has propelled Wall Street to record highs this...
US dollar dips as rally peters out, most PMI data adds to market optimism
THE US dollar fell on Thursday (Feb 22) as share markets hitting record highs drove optimism across asset classes and traders digested a slew of largely better-than-expected business activity...
Moderna beats sales estimates as Covid shot gains market share
MODERNA reported fourth-quarter revenue that beat analysts’ expectations by gaining Covid vaccine market share on its rival, Pfizer. The company posted quarterly revenue of US$2.8 billion for its Covid-19...
Aztech H2 net profit more than doubles to S$57.1 million
AZTECH Global’s net profit rose 134.6 per cent on year in the second half of 2023 to S$57.1 million, bringing the group’s net profit for the full year to...
Singapore stocks rise on Thursday as regional indices gain, Nikkei 225 makes major rally
SINGAPORE stocks ended Thursday (Feb 22) in the black, tracking climbs in regional markets as Japan’s Nikkei 225 broke a bubble-era record. The Straits Times Index (STI) inched up...
Singapore banks give junior staff one-off bonus amid rising cost of living
THE trio of Singapore lenders are giving their junior employees globally a one-time bonus amid cost-of-living concerns. The banks noted that this was in line with recommendations from Singapore’s...
China’s Lenovo posts Q3 revenue growth, beats analyst estimates
CHINA’S Lenovo Group, the world’s largest maker of personal computers (PCs), on Thursday (Feb 22) reported October to December revenue of US$15.72 billion, up 3 per cent from the...
