News
Japan Foods sinks into the red with 9M loss of S$2.9 million
JAPAN Foods sank into the red with a net loss of S$2.9 million for the nine months ended Dec 31, 2024, compared with a net profit of S$668,000 in...
HSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as the lender restructures its business to keep a...
IHH unit may seek higher compensation in lawsuit against Japan’s Daiichi Sankyo over Fortis deal
AN INDIRECT, wholly owned subsidiary of integrated healthcare player IHH Healthcare, Northern TK Venture (NTK), on Thursday (Feb 6) submitted an additional brief to the Tokyo District Court, including...
CapitaLand Ascendas Reit H2 DPU rises 3.2% to S$0.07681
THE distribution per unit (DPU) of CapitaLand Ascendas Real Estate Investment Trust (Clar) for the second half ended Dec 31, 2024, was S$0.07681 – 3.2 per cent higher than...
DeepSeek fever fuels patriotic bets on Chinese AI stocks
CHINESE investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector and give the initiative to...
Maersk Q4 profit beats forecast, expects softer 2025 earnings
The Danish company, viewed as a barometer of world trade, said it expects an underlying Ebitda result of between US$6 billion and US$9 billion this yearMAERSK on Thursday (Feb...
SocGen doubles Q4 profit as retail unit rebounds
SOCIETE Generale (SocGen) said on Thursday (Feb 6) it had doubled fourth-quarter profits after a recovery in its retail bank and increased equity market trading, helping the French lender...
Bain is said to near 500 billion yen deal for Mitsubishi pharma unit
BAIN Capital is nearing a deal to buy Mitsubishi Chemical Group’s pharmaceutical unit, sources familiar with the matter said, adding to a dealmaking boom in Japan.The US-based private equity...
HSBC upgrades Grab to ‘buy’ on attractive valuations, growth drivers ahead
HSBC upgraded its rating on ride-hailing giant Grab to a “buy” on attractive valuations and “intact” growth drivers, while Maybank maintained its buy rating. On Tuesday (Feb 4), its...
Nomura soars to 16-year high as profit jump cements recovery
NOMURA Holdings’s shares jumped to their highest in 16 years after Japan’s biggest brokerage doubled third-quarter profit and beat market estimates on robust trading and cost cuts. The stock...
