Nintendo cuts full year Switch sales forecast to 11 million units
TOKYO : Japan's Nintendo cut its full-year sales forecast on Tuesday for the aging Switch console by 12 per cent to 11 million units ahead of the launch of a successor device this year. The company also lowered its operating profit forecast on Tuesday by 22.2 per cent to 280 billion yen ($1.8 b ...
Nintendo cuts FY profit forecast by 22%
TOKYO :Japan's Nintendo cut its operating profit forecast on Tuesday by 22.2 per cent to 280 billion yen ($1.8 billion) for the financial year ending March. In the April-December period, profit fell 46.7 per cent to 247.6 billion yen.Nintendo remains dependent on its console business even as it ...
BNP plans US$1.1 billion buyback as trading strength lifts profit
It’s part of a pledge to return 60% of profit to investors
UBS boosts share buyback as fourth quarter profit beats estimate
Bloomberg - UBS Group AG profit for the final quarter of 2024 beat expectations, aiding the Swiss bank in boosting buyback plans for this year to US$3 billion ($4.08 billion). Net income for the three months to December came in at US$770 million, compared with a forecast for US$486 million. Pre-tax profit at ...
TomTom sees lower 2025 earnings on automotive market slowdown, shares drop
:Digital mapping specialist TomTom posted a 2 per cent drop in its annual revenue on Tuesday, slightly above estimates, and forecast lower 2025 earnings on a continued slowdown in the automotive market, sending its shares down 12.4 per cent in early trade.The Amsterdam-based company posted a revenue ...
TomTom revenue drops; sees lower 2025 earnings on automotive market slowdown
:Dutch digital mapping specialist TomTom reported a 2 per cent drop in its annual revenue on Tuesday, slightly above estimates and said it expects lower 2025 earnings on continued challenges due to a slowdown in the global automotive market.The Amsterdam-based company posted a revenue of 574.4 milli ...
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
The results mark the fourth consecutive quarter of profit as UBS integrates Credit Suisse after acquiring its former rival in 2023
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
The results mark the fourth consecutive quarter of profit as UBS integrates Credit Suisse after acquiring its former rival in 2023
Software firm Dassault Systemes sees higher sales, earnings in 2025
:French software company Dassault Systemes on Tuesday forecast revenue growth of between 6 per cent and 8 per cent for 2025, above the 5 per cent rise seen last year, counting on its competitive positioning after its software revenue improved in the fourth quarter.The group, which sells its software ...
Software firm Dassault Systemes unveils 2025 outlook
French software company Dassault Systemes on Tuesday forecast total revenue growth of between 6 per cent and 8 per cent for 2025, above the 5 per cent rise seen last year, citing their competitive positioning.The group, which sells its software to automakers, plane makers and industrial companies, a ...
China hits back with tariffs on US goods after Trump imposes new levies
China on Tuesday slapped tariffs on U.S. imports in a rapid response to new U.S. duties on Chinese goods, renewing a trade...
Worse employment outcomes for poly grads in 2024 are not across the board: Chan Chun Sing
Isabelle Chong - Unemployment has risen for tech-related polytechnic courses, but not for those in humanities and social sciences
Singapore’s 2025 tourism receipts to exceed pre-Covid levels, but arrivals still playing catch up
Elysia Tan - STB expects tourism receipts to reach a new record in 2024, beating the previous S$27.7 billion high
Singapore’s 2025 tourism receipts to exceed pre-Covid levels despite arrivals trailing 2019 numbers
Elysia Tan - STB expects tourism receipts to reach a new record in 2024, beating the previous S$27.7 billion high
STB expects Singapore’s 2025 tourism receipts to exceed pre-Covid levels, despite arrivals staying below
Elysia Tan - For 2024, tourism receipts are set to reach a new record, beating the previous S$27.7 billion high
Grab, GoTo accelerate merger talks and aim for deal in 2025
Bloomberg - Grab Holdings Ltd. and GoTo Group have accelerated merger talks and target a deal this year, seeking to end years of losses in Southeast Asia’s competitive internet market. Discussions have intensified in recent weeks and the companies see 2025 as an opportune year for a deal, according to people ...
Grab weighs takeover of rival GoTo at US$7 billion valuation
One scenario being discussed is an all-stock purchase valuing shares of Indonesia’s GoTo at more than 100 rupiah apiece
US tariffs on Chinese imports take effect after Trump reprieves Canada and Mexico
US TARIFFS of 10 pre cent on Chinese imports came into effect on Tuesday, risking a renewed trade war between the world’s...
Indonesia races to secure new funding for energy transition after US exit from Paris Agreement
Elisa Valenta - With US funding in doubt, Indonesia is turning to Japan, South Korea and China to keep its coal phase-out and renewable energy...
Investors with US$6.8 tril warn EU not to bow to ESG backlash
Bloomberg - A group of investors representing EUR6.6 trillion ($9.26 trillion) of assets is calling on European officials not to cave in to mounting pressure to scale back the bloc’s ESG regulations. The planned reporting rules are essential to help asset managers and owners identify where to allocate funds, ...
Bank of Japan aims to achieve 2% inflation as measured by overall CPI: Ueda
BANK of Japan Governor Kazuo Ueda said on Tuesday the central bank will aim to achieve 2 per cent inflation, as measured...
China may loosen grip on yuan as Trump reignites trade war
The PBOC will show its intentions on Feb 5 when mainland markets reopen
Seeds Capital sets aside S$150 million for co-investments into deep tech startups
Chong Xin Wei - Co-investors include Temasek-backed Xora and ST Engineering Ventures
Japan's Sumitomo Corp raises full-year profit forecast to $3.6 billion
TOKYO : Japanese trading house Sumitomo Corp on Tuesday raised its net profit forecast for the fiscal year through March to 560 billion yen ($3.61 billion) from previous guidance of 530 billion yen.It also said net profit for April-December rose 3 per cent from the same period a year earlier to 416. ...
Japan's Sumitomo raises annual profit forecast despite Ambatovy loss
TOKYO :Japan's Sumitomo Corp on Tuesday raised its net profit forecast by 6 per cent for the fiscal year through March as stronger earnings in overseas power generation and higher aluminium prices offset a loss in its nickel project in Madagascar. The trading house now predicts a net profit of ...
AI and more: These tech firms top the list of Singapore’s 100 fastest-growing companies
Romaine Chan - IT and software is one of three sectors to dominate the list
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
RKE International’s current toll road portfolio consists of four Indonesian expressways spanning around 335 kilometres in total
Palantir surges over 23% on outlook fuelled by ‘untamed’ AI demand
Bloomberg - Palantir Technologies shares jumped after giving a full-year revenue forecast that exceeded analysts’ estimates, thanks to what CEO Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software. Sales will be about US$3.75 billion ($5.1 billion) in 2025, th ...
KKR to raise bid price for Fuji Soft, above Bain's offer, Nikkei reports
TOKYO : U.S. private equity fund KKR will raise its tender offer price for Fuji Soft shares to 9,850 yen per share from 9,451 yen, above Bain Capital's rival offer of 9,600 yen, the Nikkei business daily reported on Tuesday.KKR will announce the latest change as early as on Tuesday afternoon, N ...
KKR to raise Fuji Soft bid to 9,850 yen a share, above Bain's offer
TOKYO :U.S. private equity firm KKR will raise its offer price for Japanese IT company Fuji Soft by more than 4 per cent to take it above a rival offer from Bain Capital, it said on Tuesday.It is the latest salvo in a protracted bidding war that began in August last year, with KKR and Bain competing ...
Julius Baer, Siam Commerical JV appoints Adrian Mazenauer as CEO
SCB Julius Baer on Tuesday said it has appointed Adrian Mazenauer, currently the head of its wealth management business in Thailand, as its CEO.Mazenauer, who is also the company's deputy CEO, will be heading the joint venture backed by Swiss wealth manager Julius Baer and Thailand's Siam ...
Chinese tea drinks firm Guming aims to raise US$202 million in Hong Kong IPO
Guming has 9,000 stores across mainland China
BOJ aims to achieve 2% inflation as measured by overall CPI, governor Ueda says
TOKYO : Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will aim to achieve 2 per cent inflation, as measured by the overall consumer price index, on a sustained basis.In gauging whether inflation will sustainably hit its target, the BOJ focuses on underlying inflation, or the bro ...
BOJ aims to stabilise overall CPI around 2% target, governor Ueda says
TOKYO :The Bank of Japan will aim to sustainably achieve 2 per cent inflation as measured by the overall consumer price index, Governor Kazuo Ueda said on Tuesday, keeping alive market expectations of a near-term interest rate hike.Overall consumer price index (CPI) rose 3.6 per cent in December fro ...
