News
Jefferies hires two senior traders from CLSA in Asia push
JEFFERIES Financial Group hired two senior traders from CLSA, building out in Asia-Pacific after its revenue in the region jumped last year, a source familiar with the matter said....
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according to the International Monetary Fund (IMF). The...
Chinese bubble tea chain Mixue aims to raise HK$3.45 billion in Hong Kong IPO
Bookbuilding for the IPO starts on Friday and the stock is due to begin trading on the Hong Kong Stock Exchange on Mar 3CHINA’S largest bubble tea and drinks...
Apple’s Tim Cook meeting with Trump as tariffs threaten iPhones
PRESIDENT Donald Trump is meeting with Apple CEO Tim Cook at the White House on Thursday (Feb 20), according to a source familiar with their plans.The source shared the...
Stocks to watch: Wilmar, SIA, Genting Singapore, Seatrium, Starhub, FEHT, The Hour Glass
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 21): Wilmar: It posted on Thursday a 39.4 per cent fall in net...
Spirit Airlines to exit bankruptcy under go-private deal
SPIRIT Airlines won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings.Judge Sean Lane said on Thursday (Feb...
Birkenstock slumps as unchanged outlook overshadows sales boost
BIRKENSTOCK Holding shares fell after the German shoe company opted to keep its outlook unchanged, even as sales of its high-end sandals and clogs jumped more than expected in...
Far East Hospitality Trust expands mandate to global investments, adjacent lodging asset classes
FAR East Hospitality Trust (FEHT) will have an expanded mandate to invest in new geographical markets and asset classes, effective 30 days from Thursday (Feb 20).The managers of the...
Alibaba revenue beats estimates as signs of a comeback mount
ALIBABA Group Holding posted its fastest pace of revenue growth in more than a year, reflecting a turnaround in its commerce business and big strides into the critical field...
Wilmar posts 39.4% fall in H2 net profit on absence of year-ago gain, weak sugar price
AGRIBUSINESS Wilmar International posted a 39.4 per cent fall in net profit to US$590.2 million for the six months ended December 2024.The decline was due to the absence of...
