Lifestyle
JPMorgan CFO expects trading revenue to decline in first quarter
JPMORGAN Chase CFO Jeremy Barnum said he expects trading revenue to decline by 5 to 10 per cent in the first quarter compared with a strong quarter in the...
GHY expects 94 million yuan loss following cancelled China football games with Al Nassr
GHY Culture and Media said on Tuesday (Feb 27) that it is expecting a loss of 94 million yuan (S$17.6 million) arising from two cancelled football games with Al...
Barclays to sell US$1.1 billion of US credit card debt to Blackstone
BARCLAYS has agreed to sell about US$1.1 billion of credit card debt in the United States to Blackstone, in a deal the British bank said would free up capacity...
Maersk says Red Sea disruptions could last into second half of 2024
DENMARK’S Maersk on Tuesday (Feb 27) told its clients in a statement that they should prepare for disruptions in the Red Sea to last into the second half of...
Frencken’s H2 net profit down 20.7% to S$20.4 million; numbers show recovery from H1 despite tech downturn
SEMICONDUCTOR and machine manufacturer Frencken Group posted a 20.7 per cent decrease in its net profit for the half year ended Dec 31, 2023 to S$20.4 million from S$25.7...
US retailer Macy’s forecasts annual sales below estimates, to shutter 150 stores
MACY’S forecast annual sales largely below market expectations on Tuesday (Feb 27) on weak demand for its apparel and shoes, and said it would close 150 stores through 2026...
Sinarmas Land’s H2 net profit down 24.6 per cent; further slowdown expected this year
SINARMAS Land posted on Tuesday (Feb 27) a net profit of S$163 million for the six months ended Dec 31, 2023, a 24.6 per cent drop from the S$216.1...
SBS Transit H2 profit up 2.7% as public transport operating profit grows 10.3%
TRANSPORT operator SBS Transit posted a 2.7 per cent rise in net profit to S$34.3 million for its fiscal second half ended Dec 31, 2023, as the operating profit...
Puma sees sneaker demand picking up in second half of year
PUMA sees demand for sneakers and sports gear picking up in the second half, building on major sporting events like the European soccer championships and Summer Olympics in Paris....
First China-made international jet could gain ground in Asia-Pacific on Airbus, Boeing delays: observers
THE first major China-made passenger jet – Commercial Aircraft Corporation of China’s (Comac) C919 airliner – could gain ground in the Asia-Pacific market amid delayed deliveries by major aircraft...