Lifestyle
Best World Q4 net profit drops 15.2% to S$40.4 million on China’s sales decline, rising distribution costs
BEST World International posted a 15.2 per cent drop in net profit to S$40.4 million for the three months ended Dec 31, 2023, from S$47.7 million in the corresponding...
Booking.com owner sells debt for stock buyback as travel cools
THE owner of travel website Booking.com is selling debt to fund a stock buyback after its shares plunged last week on the back of disappointing earnings. Booking Holdings plans...
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...
