Uncategorized
General Atlantic to buy a stake in asset manager Partners Capital
GENERAL Atlantic agreed to buy a stake in Partners Capital, a US$50 billion asset manager that focuses on outsourcing investments for institutions including family offices, foundations and endowments. The...
Marco Polo Marine Q1 gross profit rises 75.8% to S$11.6 million
MAINBOARD-LISTED Marco Polo Marine has posted a 75.8 per cent increase in its gross profit to S$11.6 million for the first quarter ended Dec 31, 2023, from S$6.6 million...
Unilever launches US$1.6 billion buyback as CEO demands improvements
UNILEVER launched a US$1.6 billion share buyback on Thursday (Feb 8) after volumes increased for the first time in 10 quarters, although its CEO said its performance needs to...
Siemens beats Q1 forecast despite digital industry weakness
SIEMENS reported first-quarter profit slightly ahead of expectations on Thursday (Feb 8) despite the German engineering group seeing a slowdown at its flagship factory automation unit. Digital Industries, which...
SoftBank posts US$6.6 billion profit, first in five quarters
SOFTBANK Group on Thursday (Feb 8) posted a net profit of US$6.6 billion in the October-December quarter, ending a streak of four consecutive quarters in the red, as the...
India’s central bank leaves rates unchanged, as expected
INDIA’S key rate was left unchanged for a sixth straight meeting on Thursday, as inflation remained above the central bank’s 4 per cent medium-term target while economic growth continued...
Brokers’ take: RHB upgrades DBS to ‘buy’ as clarity on dividend commitment improves
RHB on Thursday (Feb 8) upgraded DBS to “buy” from “neutral” following better clarity on the lender’s commitment to shareholder returns. On Wednesday, the bank proposed to raise dividend...
Gold gains as US dollar, yields slip ahead of US weekly jobs report
GOLD prices ticked up on Thursday (Feb 8) buoyed by a softer US dollar and lower Treasury yields, ahead of a weekly jobless claims report that could provide fresh...
