Posts by Liam Redmond
Danske Bank cuts hundreds of jobs to add to Danish layoff wave
Published Fri, Feb 27, 2026 · 01:51 PM [COPENHAGEN] Danske Bank has eliminated 420 jobs across its regional operations, saying increased automation has reduced the need for staff in support roles. Most of the job cuts will fall in Denmark and Lithuania, with smaller reductions in the lender’s other Nordic offices as well as in…
Read MoreCoupang swings to loss as data breach dents Q4; sees muted near-term growth
For the first quarter, the company expects consolidated constant-currency revenue growth of 5% to 10% Published Fri, Feb 27, 2026 · 01:04 PM [BENGALURU] E-commerce giant Coupang swung to a fourth-quarter loss on Thursday (Feb 26)and reported revenue below analysts’ estimates, hurt by the fallout from a data breach in South Korea. Coupang Korea, which…
Read MoreNintendo announces 290 billion yen share sale by Kyoto bank and others
Nintendo’s shares pared gains and closed up nearly 3% following a Reuters report Published Fri, Feb 27, 2026 · 12:42 PM — Updated Fri, Feb 27, 2026 · 04:51 PM [TOKYO] Nintendo announced on Friday (Feb 27) an unwinding of strategic shareholdings that will see companies including MUFG Bank and the Bank of Kyoto selling…
Read MoreNintendo plans around 300 billion yen share sale by Kyoto bank and others: sources
Regulators and the Tokyo Stock Exchange have been encouraging Japanese companies to unwind their cross-shareholdings Published Fri, Feb 27, 2026 · 12:42 PM [TOKYO] Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the Super Mario maker, according to three sources familiar…
Read MoreAnalysts raise target prices for Food Empire with strong growth expected across key markets
This also comes after core net profit for 2025 rose 38% year on year, beating expectations [SINGAPORE] Various analysts have raised their target prices on Food Empire , after the group released its “stronger-than-expected” results for FY2025. UOB Kay Hian (UOBKH) analysts John Cheong, Heidi Mo and Tang Kai Jie noted that its total revenue…
Read MoreHyundai Motor to invest 9 trillion won in AI, robotics centre
The facilities will be built in the Saemangeum area, which is about 270 kilometres southwest of Seoul Published Fri, Feb 27, 2026 · 12:27 PM [SEOUL] Hyundai Motor will invest nine trillion won (S$8 billion) to build an artificial intelligence (AI) data centre, robot factory and hydrogen plant in South Korea, as the automaker accelerates…
Read MoreSunway Healthcare seeks RM2.9 billion from Malaysia IPO
The company is looking to add as many as five more hospitals in the coming years, with three under construction Published Fri, Feb 27, 2026 · 12:05 PM [KUALA LUMPUR] Malaysia’s Sunway Healthcare Holdings has started taking investor orders for an initial public offering (IPO) that seeks to raise RM2.9 billion (S$942 million), in what…
Read MorePanama officials search CK Hutchison’s subsidiary office: source
Published Fri, Feb 27, 2026 · 11:45 AM [PANAMA CITY] Panamanian authorities conducted a search of an office unit of Hong Kong conglomerate CK Hutchison in Panama on Thursday (Feb 26), according to a source familiar with the operation. The raid on CK Hutchison’s Panama Ports Company (PPC) did not relate to a government decision…
Read MoreIndonesia court jails ex-CEOs of Pertamina units in major graft case
The case is one of the biggest launched under the administration of President Prabowo Subianto Published Fri, Feb 27, 2026 · 11:31 AM [JAKARTA] An Indonesian court has jailed nine people in a major corruption case involving subsidiaries of state energy firm Pertamina, including two former chief executives of its units, which prosecutors say caused…
Read MoreGold steady as investors weigh progress in US-Iran talks
Markets currently expect three 25-basis-point rate cuts from the Federal Reserve this year, according to CME’s FedWatch Tool Published Fri, Feb 27, 2026 · 11:07 AM [BENGALURU] Gold prices held broadly steady on Friday (Feb 27), with investors digesting the previous day’s US-Iran nuclear talks, while the US dollar, hovering near three-week highs, pressured the…
Read MoreMeta signs multi-billion-dollar deal to rent Google AI chips: report
The Facebook owner has also signed a deal with Nvidia to buy its current and future AI chips Published Fri, Feb 27, 2026 · 10:20 AM [MEXICO CITY] Meta Platforms has signed a multi-billion dollar deal to rent artificial intelligence (AI) chips from Google to develop new AI models, The Information reported on Thursday (Feb…
Read MoreYangzijiang Shipbuilding rises nearly 10% on higher H2 profit
[SINGAPORE] Shares of Yangzijiang Shipbuilding rallied on Friday (Feb 27) morning after the Chinese vesselmaker posted higher earnings for its second half. The counter climbed as much as S$4.31 in early trade, 9.9 per cent or S$0.39 higher than Thursday’s closing price of S$3.92. As at 9.17 am it had eased to S$4.26, up 8.7…
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