Fashion
Some analysts downgrade CDL shares, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s...
Kwek Leng Beng-Sherman tussle at CDL can destroy value
Share price is deeply undervalued, could father-son tussle lead to restructuring or a merger?Investors buy into listed groups where families hold major stakes and are active in management, partly...
Hong Kong bourse logs 10% profit jump as trading turnover and IPOs surge
HONG Kong’s bourse operator reported a 10 per cent rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic...
Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues
HONG Kong’s bourse operator reported on Thursday a 10 per cent rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after China’s announcement...
Trump team weighs pulling funds for Moderna bird flu vaccine
US HEALTH officials are reevaluating a US$590 million contract for bird flu shots that the Biden administration awarded to Moderna, sources familiar with the matter said.The review is part...
Gemini’s Winklevoss says SEC closed investigation with no action
GEMINI Trust, owned by billionaire Winklevoss twins, was told by the US Securities and Exchange Commission (SEC) that the agency has closed its investigation into the crypto exchange according...
Gold gains on Trump tariff worries; US inflation data in focus
GOLD prices edged higher on Thursday (Feb 27) as concerns persisted over US President Donald Trump’s tariff plans, while investors awaited a key inflation report to assess the Federal...
Bumitama Agri’s H2 profit climbs 13.5% to 1.43 trillion rupiah
INDONESIAN palm oil producer Bumitama Agri posted a 13.5 per cent increase in net profit to 1.43 trillion rupiah (S$116.9 million) for the second half ended December, from 1.26...
Bitcoin ETFs are hit by a record US$1 billion outflow in one day
INVESTORS yanked more than US$1 billion from spot Bitcoin exchange-traded funds (ETFs) on Tuesday (Feb 25), marking the biggest one-day outflow since the cohort’s debut last January.Fidelity Wise Origin...
Sembcorp doubles dividend on higher earnings, shuffles business leadership
It proposes final dividend of S$0.17 per share, compared with S$0.08 in the previous periodSEMBCORP Industries on Thursday (Feb 27) reported a 14 per cent rise in total net...
