Lifestyle
Singapore stocks close flat amid mixed regional trading
SINGAPORE stocks closed flat on Thursday (May 9) amid mixed trading in the region.The benchmark Straits Times Index (STI) rose 1.42 points or 0.04 per cent to close at...
India’s SBI Q4 profit jumps 24% on strong loan demand
STATE Bank of India, the country’s largest lender by assets, reported a 24 per cent rise in its fourth-quarter profit on Thursday (May 9), aided by strong loan demand.
The...
Nissan upbeat on annual profit despite challenges
JAPAN’S Nissan Motor expects to beat analyst estimates with a 5.5 per cent rise in operating profit this fiscal year on higher global sales, it said on Thursday (May...
Panasonic’s battery unit misses annual profit estimate
THE energy unit of Japan’s Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in Japan and a fall in...
Japan’s Nippon Steel full-year profit down 21%, beats estimates
Nippon Steel, Japan’s biggest steel maker, posted on Thursday (May 9) a 20.8 per cent fall in net profit for the year ended in March to 549.4 billion yen...
Brokers’ take: Analysts positive on Aims Apac Reit’s prospects; trim targets on lower earnings estimates
ANALYSTS are optimistic on Aims Apac real estate investment trust’s (AA Reit) growth, although its FY2024 distribution per unit (DPU) fell short of expectations. On Wednesday (May 8), both...
Yen’s fragility raises spectre of a new currency war in Asia
AS THE yen plumbs new lows, some investors are pondering an almost unthinkable scenario in a region busy bolstering falling exchange rates – a series of competitive devaluations that...
Asian junk bond sales are hottest in five years on India boom
ASIA’S high-yield US dollar bond sales this year have grown annually for the first time in five years, fuelled by Indian financial companies’ rush to access offshore investors.Regional sales...
