Asia
Shangri-La Asia returns to black in FY2023 with US$184.1 million net profit
SHANGRI-LA Asia on Friday (Mar 22) recorded a net profit of US$184.1 million for its full year ended Dec 31, 2023, reversing from a US$158.5 million loss a year...
Asia: Markets struggle as US data dents Fed rate cut optimism
ASIAN markets mostly fell on Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest...
UBS to shut thousands of smaller Credit Suisse accounts in Asia
UBS Group is planning to shut smaller-value Credit Suisse accounts numbering in the low thousands at its Asia-Pacific wealth management arm to exit relationships with poor returns, according to...
Regional markets rally after dovish Fed outcome; analysts stay positive on Asia equities
ASIA markets rallied on Thursday (Mar 21) to track gains on Wall Street, after the US central bank signalled it would maintain three interest rate cuts this year. The...
Asia: Markets swing as traders await Federal Reserve policy decision
ASIAN markets fluctuated on Wednesday as traders struggled to track another record day on Wall Street, with focus squarely on the Federal Reserve’s policy meeting. Decision-makers are widely expected...
Gucci sales to plunge 20% in first quarter on Asia slowdown, Kering says
KERING warned that sales at Gucci will plunge about 20 per cent in the first quarter due to a steeper-than-expected decline in the Asia-Pacific region, widening the gap between...
Deutsche Bank hires ex-Morgan Stanley Asia banker Michael Hufton
DEUTSCHE Bank has hired Michael Hufton as co-head of its infrastructure and utilities division for Asia Pacific, continuing to build out its investment banking presence in the region. Hufton...
Analysts stay positive on Asia equities as regional markets rally after dovish Fed comments