Posts by Liam Redmond
Catalist-listed MoneyMax to transfer to SGX mainboard on May 6
The company’s placement of 53 million new shares on Monday fulfils the requirements for the move [SINGAPORE] Catalist-listed pawnbroker MoneyMax Financial Services will transfer to the mainboard of the Singapore Exchange (SGX) on May 6, it said on Thursday (Apr 30). The transfer will enhance the long-term value for its shareholders, the company said in…
Read MoreSocGen’s retail revival aids Q1 profit as trading revenue slides
The recovery of the French division is a key priority for chief executive Slawomir Krupa Published Thu, Apr 30, 2026 · 01:31 PM [PARIS] Societe Generale’s (SocGen) first-quarter earnings beat expectations on Thursday (Apr 30) as cost cuts and a recovery in the French bank’s retail division more than offset a sharp contraction in sales…
Read MoreNo longer just an outpost: Vietnam’s rise opens new front for DBS, OCBC, UOB
The financing needs of businesses there have grown as they integrate into Asian trade and capital flows Source link
Read MoreStandard Chartered profit jumps 17%, books US$190 million charge on Iran war
The upbeat results highlight how European banks have so far been able to shrug off the direct impact of the war on their businesses Published Thu, Apr 30, 2026 · 01:19 PM [HONG KONG/LONDON] Standard Chartered said on Thursday (Apr 30) that first-quarter pretax profit climbed a better-than-expected 17 per cent on growth in its…
Read MorePhilippine central bank sees inflation rising to three-year high
Published Thu, Apr 30, 2026 · 01:02 PM [MANILA] The Philippine central bank forecasts the April inflation rate could surge to between 5.6 per cent and 6.4 per cent, breaching its target range, amid conflict in the Middle East. Inflation risks have intensified due to “significantly higher domestic petroleum prices, rising costs of key food…
Read MoreWilmar shares fall 5.7% as hedging losses from Iran war weigh on results
Q1 profit down 22.8% at US$265 million; company cites temporary unrealised mark-to-market losses from hedging [SINGAPORE] Shares of Wilmar International dropped as much as 10.4 per cent on Thursday (Apr 30) after the group reported a drop in net profit for its first quarter. The company on Wednesday reported a 22.8 per cent decrease in…
Read MoreCitigroup’s Japan banking head seeks expansion despite talent crunch
Besides investment banking, the firm’s other main businesses there include trading, corporate and commercial banking as well as transaction services Published Thu, Apr 30, 2026 · 12:42 PM [TOKYO] Citigroup is seeking to seize opportunities from Japan’s economic revival, even as the fight to get talent constrains its growth ambitions, according to the Wall Street…
Read MoreBNP Paribas reports 9% rise in Q1 profit, investment bank stutters
The bank has reported a more modest 2.5% rise in trading revenues, with fixed income, currencies and commodities broadly stable Published Thu, Apr 30, 2026 · 12:23 PM [PARIS] BNP Paribas reported a forecast-beating 9 per cent rise in first-quarter profit on Thursday (Apr 30) thanks to its retail bank, after its investment bankers and…
Read MoreChangi Airport inks deal to be first overseas hub for China logistics giant SF Group
Partnership expected to augment the airport’s express cargo capacity and network [SINGAPORE] Changi Airport Group (CAG) and Shenzhen SF Taisen Holding (SF) signed a memorandum of understanding (MOU) to develop Changi Airport as SF’s first overseas hub, the groups announced on Thursday (Apr 30). The five-year MOU marks a significant milestone in the international expansion…
Read MorePop Mart’s US sales fall 45% as it struggles to find next Labubu
Still, the cooldown matters because America has become the toymaker’s most important overseas market Published Thu, Apr 30, 2026 · 12:06 PM POP Mart International Group’s overseas growth engine is showing signs of strain, with a sharp slowdown in US sales underscoring the challenges facing the Chinese toymaker in its efforts to diversify beyond Labubu.…
Read MoreAirbus extends China winning streak with US$21.4 billion order
Published Thu, Apr 30, 2026 · 11:45 AM [DUBAI] Airbus secured a major order from China Southern Airlines and one of its subsidiaries for A320neo short-haul aircraft, extending the planemaker’s winning streak in the world’s second-largest aviation market. The deal is for 102 aircraft that will go to China Southern and 35 aircraft for its…
Read MoreAustralia’s AirTrunk to invest US$3 billion in two new Malaysian data centres
Published Thu, Apr 30, 2026 · 11:29 AM [SYDNEY] Australia’s AirTrunk said on Thursday (Apr 30) that it will invest US$3 billion to build two hyperscale data centres in Malaysia, doubling its existing business in the country. The two data centres, to be located in Johor Bahru, will have a combined capacity of more than…
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