Lifestyle
Singapore Airlines Q2 profit falls 59% to S$290 million on weaker operating performance
NATIONAL carrier Singapore Airlines on Friday (Nov 8) reported net profit of S$290 million for the second quarter ended Sep 30, sliding 59 per cent from S$707 million in...
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in China.
The Cartier owner reported 2.2 billion...
US Fed’s rate cut brings ‘relief’ to Asian markets, but long-term uncertainty under Trump remains
Observers expect volatility in the markets until there is greater clarity on Trump’s policiesTHE latest rate cut by the US Federal Reserve is expected to bring “some relief” to...
JAL-Sumitomo JV secures right to place order for up to 100 Archer air taxis
ARCHER Aviation said on Thursday (Nov 7) a joint venture (JV) between Japan Airlines and Sumitomo had secured the right to place orders for up to 100 of its...
Dividends preferred over share buybacks for shareholder returns: OCBC CEO Helen Wong
The bank aims to keep its excess capital as dry powder to support franchise flows and potential inorganic growth opportunities that may pop upOCBC prefers to give dividends over...
Share buybacks, more dividends among options to deploy capital: UOB chief Wee Ee Cheong
The bank is open to investing it in growth, or returning it to shareholders through share buybacks or more dividends, he saysUOB is actively looking to manage its capital,...
JTC in S$46.2 million buyback of Mercedes-Benz’ logistics property in Tuas
The luxe carmaker’s offer to give up the balance lease on site is seen as the result of its opening of a parts logistics centre in JohorMERCEDES-BENZ Singapore is...
BlackRock in talks to buy minority stake in Millennium: sources
BLACKROCK is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter...
