Lifestyle
China’s earnings recovery stumble to test conviction calls
THE current earnings season is shaping up to be another letdown for Chinese stock investors, eroding the case for a turnaround in the slumping market.Profit warnings issued by mainland-listed...
Ringgit turnaround set to accelerate on export boom, Fed pivot
THE Malaysian ringgit’s rebound is gathering pace, thanks to stronger growth and expectations of an impending interest rate cut by the Federal Reserve.After falling to a 26-year low in...
Aims Apac Reit posts 1.7% lower Q1 DPU of S$0.0227
AIMS Apac Reit’s (AA Reit) distribution per unit (DPU) fell 1.7 per cent to S$0.0227 for the first quarter of FY2025, from S$0.0231 in the corresponding period a year...
Stellantis offers US employees buyouts in new round of job cuts
STELLANTIS will offer voluntary buyouts to United States employees as the carmaker looks to cut costs amid slumping profits.Non-unionised US workers from vice-president level and below in certain functions...
Goldman tops Morgan Stanley in value for first time since 2020
FOR the first time since the throes of the pandemic, Goldman Sachs is worth more than its longtime Wall Street rival Morgan Stanley.Goldman shares rose 2.6 per cent on...
Prada sales jump as Chinese shoppers splash out in Japan with weak yen
Prada sales jumped as the Italian fashion group continued to see strong growth amid a wider slowdown in the luxury industry.Net revenue in the first half grew 17 per...
CapitaLand Ascendas Reit posts 2.5% drop in H1 DPU to 7.524 cents
INDUSTRIAL property player CapitaLand Ascendas Reit (Clar) saw distributions per unit (DPU) fall 2.5 per cent for the half-year ended June, amid an enlarged unit base and higher finance...
MAS raps registered fund manager, its CEO for not complying with regulatory requirements
THE Monetary Authority of Singapore (MAS) has reprimanded registered fund manager RVP One and its chief executive for breaching the Securities and Futures (Licensing and Conduct of Business) Regulations....
