Posts by Liam Redmond
Asia’s biggest banks line up bids for HSBC assets in Indonesia
Published Thu, Feb 26, 2026 · 12:27 PM [HONG KONG] Some of Asia’s biggest banks are working on bids for HSBC Holdings’ retail assets in Indonesia, according to sources familiar with the matter, helping them to forge ahead in South-east Asia’s largest economy. The banks include Singapore-based DBS, OCBC and UOB, as well as Malaysia’s…
Read MoreMarks & Spencer to exit the Philippines’ shifting retail market
The country has drawn global retailers seeking to tap into its young, consumption-driven population Published Thu, Feb 26, 2026 · 11:03 AM [MANILA] Iconic British retailer Marks & Spencer will leave the Philippines after four decades as changing consumer preferences reshape the retail landscape, its local franchise holder said. The move ends a partnership of…
Read MoreGold gains on softer dollar; Iran-US talks in focus
Published Thu, Feb 26, 2026 · 10:10 AM [BENGALURU] Gold prices edged higher on Thursday (Feb 26), buoyed by a softer US dollar and safe-haven demand fuelled by uncertainty surrounding US tariff policy and US-Iran talks. Spot gold was up 0.3 per cent at US$5,184.43 per ounce by 9.10 am. Bullion hit a more than…
Read MoreSouth Korea central bank holds policy rates steady as expected
Published Thu, Feb 26, 2026 · 09:06 AM [SEOUL] South Korea’s central bank kept policy interest rates unchanged on Thursday, as a chip boom and steady inflation allow policymakers more time to assess financial stability risks. The Bank of Korea’s seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50 per…
Read MoreSasseur Reit’s H2 DPU rises 5.3% to S$0.03083
This is supported by resilient rental income under its entrusted management agreement model [SINGAPORE] Sasseur Real Estate Investment Trust (Reit) on Thursday (Feb 26) reported a distribution per unit (DPU) of S$0.03083 for the second half of FY2025, up 5.3 per cent year on year from S$0.02929. It will be paid to unitholders on Mar…
Read MoreParamount Skydance forecasts quarterly revenue below estimates as legacy TV Media drags
Published Thu, Feb 26, 2026 · 07:24 AM PARAMOUNT Skydance forecast first-quarter revenue below Wall Street estimates on Wednesday, citing an ongoing decline in legacy TV, but predicted strong growth in its streaming unit this year on additional subscribers and price increases. The David Ellison-led company called its bid for Warner Bros Discovery an “accelerant” to…
Read MoreQantas first-half profit beats estimates on strong travel demand
Published Thu, Feb 26, 2026 · 06:25 AM AUSTRALIA’S Qantas Airways reported a better-than-expected first-half underlying profit on Thursday, bolstered by resilient demand across its flagship and budget offerings. Robust demand across domestic and international markets, additional overseas routes, and the induction of new aircraft supported Qantas in the first half. The company also said…
Read MoreNanofilm posts 11.3% fall in H2 earnings to S$10.2 million
[SINGAPORE] Nanofilm Technologies on Wednesday (Feb 25) reported an 11.3 per cent decrease in net profit for the second half ended Dec 31, 2025, to S$10.2 million, from S$11.5 million the year prior. Revenue for the period rose 13 per cent on the year to S$137.4 million, from S$121.6 million. This was driven by sustained…
Read MoreWall St opens higher in run-up to Nvidia earnings as AI worries abate
Published Wed, Feb 25, 2026 · 10:41 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Feb 25) after volatile sessions earlier this week as investors assessed risks to the AI trade and growing tariff doubts heading into Nvidia’s earnings due later in the day. The Dow Jones Industrial Average rose 183.1 points,…
Read MoreFood Empire’s H2 FY2025 earnings up 29.6% at US$37.1 million; special dividend proposed
[SINGAPORE] Food Empire’s earnings rose 29.6 per cent to US$37.4 million for the second half ended Dec 31, 2025, from US$28.9 million in the same period the year before. Its H2 FY2025 revenue rose 20.6 per cent to US$302.9 million from US$251.1 million in H2 2024, the food and beverage company said on Wednesday (Feb…
Read MoreAEM’s net profit rises 32% to S$13.9 million for H2 FY2025; proposes resuming dividend at S$0.013
The board of directors recommended a final dividend of S$0.013 per share for the year [SINGAPORE] Semiconductor equipment maker AEM Holdings on Wednesday (Feb 25) reported a net profit of S$13.9 million for H2 FY2025, up 32 per cent from S$10.5 million a year prior. Revenue for the second half of 2025 rose just 1…
Read MoreHong Kong to tap peg defence fund for first time in 40 years
The HK$4.1 trillion fund works as a backstop for the city’s currency peg to the US dollar Published Wed, Feb 25, 2026 · 08:28 PM [HONG KONG] Hong Kong is planning for the first time in 40 years to draw money from the fund that ensures the stability of its currency peg, in part to…
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