Real Estate
China’s Xiaomi posts 11% revenue rise on strong smartphone sales
CHINA’S Xiaomi reported a 10.9 per cent rise in fourth-quarter revenue and beat adjusted net profit estimates boosted by strong smartphone sales as the sector shows signs of recovery....
AstraZeneca bets on new cancer treatments with US$2 billion Fusion Pharma purchase
ASTRAZENECA said on Tuesday (Mar 19) it will buy clinical-stage biopharmaceutical company Fusion Pharmaceuticals for about US$2 billion in cash as the Anglo-Swedish drugmaker bets on next-generation cancer treatments....
Unilever to spin off ice cream unit, cut 7,500 jobs
UNILEVER plans to spinoff its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, into a standalone business, as the consumer goods group announced...
Longi layoffs speed shift in solar production away from China
LAYOFFS at Longi Green Energy Technology, the world’s biggest solar manufacturer, will likely accelerate a global rebalancing of production capacity away from China. Longi, which employed as many as...
Tencent may surprise with margin, shareholder return
TENCENT Holdings’s earnings report due on Wednesday (Mar 20) may provide positive catalysts for its shares, which have plummeted about 60 per cent from their record high three years...
Japan ends era of negative rates with few clues on further hikes
THE Bank of Japan (BOJ) scrapped the world’s last negative interest rate, ending the most aggressive monetary stimulus programme in modern history, while also indicating that financial conditions will...
Mitsubishi, 7 others to form coalition to promote electric natural gas
MITSUBISHI said on Tuesday (Mar 19) it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural...
Brokers’ take: RHB cuts Delfi target on narrowing margin amid cocoa price hikes
RHB has lowered its target price for chocolate confectioner Delfi to S$1.33 from S$1.55 after trimming earnings forecasts. Despite staying positive on the company’s growth outlook, RHB analyst Alfie...
