News
Suncorp beats first-half cash earnings consensus estimate, declares special dividend
AUSTRALIAN insurer Suncorp Group reported a 30 per cent rise in its first-half cash earnings on Wednesday, beating consensus estimates, as favourable weather conditions led to lower natural hazard...
Global car tariff pain spreads from Asia to the US
AUTO stocks around the world slumped on Monday (Feb 10) after US President Donald Trump’s new tariffs threatened to cut into sales from factories in Mexico and Canada.Shares in...
Lyft posts muted first-quarter bookings and profit outlook
LYFT issued a disappointing first-quarter gross bookings outlook, following a similarly muted forecast from rival Uber Technologies citing the impact from the extreme winter weather and LA wildfires.Gross bookings...
First Reit’s H2 DPU falls 6.5% to S$0.0116
HEALTHCARE real estate investment trust (Reit) First Reit posted a distribution per unit (DPU) of S$0.0116 for the second half of its 2024 fiscal year – a 6.5 per...
Lawsuit brought against PropNex unit on alleged salesperson misconduct
REAL estate services group PropNex said that its wholly owned subsidiary PropNex Realty, has been named as one of three co-defendants in a lawsuit. The suit has been filed...
US: Wall St opens lower with Powell’s testimony on tap
WALL Street’s main indexes opened lower on Tuesday (Feb 11), as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on tariffs and their impact on...
Partners Group’s 2024 private equity secondary market investments surge 113% on year
ONE of the world’s biggest private equity (PE) companies, Swiss-based Partners Group, pumped in US$3.2 billion (S$4.3 billion) into PE secondary investments on behalf of its clients last year,...
Investors cautious ahead of Powell’s address, US inflation data; STI down 0.4%
Across the broader market, losers beat gainers 267 to 238, after 1.4 billion securities worth S$1.3 billion change handsSINGAPORE stocks retreated from the previous day’s advance to close lower...
China’s CATL to raise at least US$5 billion in Hong Kong listing: sources
CHINESE battery giant CATL is expected to raise at least US$5 billion in a Hong Kong listing, according to two sources with direct knowledge of the matter.
CATL did not...
Citigroup targets social finance deals in Asia as demand grows
Citi led 76 transactions in Asia last year, raising US$2.4 billion, according to the bankCITIGROUP said that it expects social finance funding in Asia to rise by more than...
