Uncategorized
OUE Healthcare expects higher H2, FY23 profit on fair-value gains
CATALIST-LISTED OUE Healthcare is expecting a higher year-on-year profit after tax for the second half and full year ended Dec 31, 2023, based on a preliminary assessment of its...
HSBC’s record annual profit marred by US$3 billion China hit; shares slide
HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion charge on its stake in a Chinese bank amid...
Foreign investors flee China shares, long-delayed data shows
THE amount of Chinese shares owned by foreign investors fell in 2023 for a second straight year as the market slump cut the value of shareholdings and investors left...
Rio Tinto profit drops 12% but iron ore giant returns more cash to investors
RIO Tinto reported a 12 per cent fall in annual underlying earnings on Wednesday (Feb 21), in line with forecasts, but paid a better-than-expected final dividend as it said...
HSBC CEO Quinn’s pay almost doubles as bonus pool gains 12%
HSBC Holdings’ chief executive officer Noel Quinn’s total pay nearly doubled to £10.6 million (S$18 million) in 2023, from £5.56m in 2022. The overall bonus pool rose by 12...
AI model backed by Asia’s richest person to launch in March
A CONSORTIUM backed by Mukesh Ambani’s Reliance Industries and India’s top engineering schools aim to launch its first ChatGPT-style service next month, a big step in the country’s ambitions...
Sias finds Chemical Industries’ rebuttal ‘contradictory’; requests timeline to appoint new CEO
THE Securities Investors Association (Singapore), or Sias, has responded to Chemical Industries’ Feb 18 rebuttal of minority shareholder concerns with a fresh round of queries, while also requesting that...
More Wall Street firms are flip-flopping on climate. Here’s why.
MANY of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use their financial muscle to fight climate change. Now, Wall...
