CLI fee revenue up 10% in Q1 as property revenue softens 14%; war-driven inflation may weigh on asset operations
Therese Soh - Total revenue stands at S$487 million; property business hurt by divestments of synergy platform – a US corporate housing asset, and Dalian...
CLI fee-related revenue up 10% for Q1; real estate investment business revenue falls 14%
Therese Soh - Total revenue stands at S$487 million
CapitaLand Investment’s fee-related revenue up 10% y-o-y in 1QFY2026
Jovi Ho - CapitaLand Investment (CLI) recorded $310 million fee-related revenue, up 10% y-o-y, for 1QFY2026 ended March 31, supported by strong listed funds growth. This includes CLI’s 40% share of SC Capital Partners (SCCP) fee revenue. As at March 31, 59% of CLI’s total revenue comes from its fee busine ...
JPMorgan to become global partner of 2028 Olympics, 2030 Winter Games
The company will offer financial health workshops for athletes through an IOC platform
UAE exit blindsides Opec and threatens to shake its grip on oil
The departure of one of the group’s most influential members will still raise wider questions
Data-storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending
April 29 : Shares of data-storage companies jumped in premarket trading on Wednesday, a day after strong revenue and profit forecasts from Seagate Technology signaled that spending by enterprises on artificial intelligence equipment will remain strong.Seagate's strong forecast and the surge in ...
Storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending
April 28 : Shares of storage companies jumped in extended trading on Tuesday, after strong revenue and profit forecasts from Seagate Technology signaled that spending by enterprises on artificial intelligence equipment will remain strong.Seagate's strong forecast and the late-day surge in stora ...
Robinhood’s quarterly profit misses estimates on weak transaction revenue
Transaction-based revenue from cryptocurrencies plunged 47 per cent to US$134 million from a year earlier
Asia private equity piques investor interest as distributions top global averages, despite fundraising headwinds
Benjamin Cher - The regional market is showing early signs of recovery and maturing, with a growing tilt towards buyout funds
Volatility pushing the wealthy to focus on risk, succession: HSBC’s Tommy Leung
Jean Low - The shift is especially evident among business owners, whose wealth remains tied to their operating countries
Asia private equity draws fresh investor interest as returns beat global averages, despite fundraising headwinds
Benjamin Cher - The regional market is maturing as more capital flows into buyout funds
Visa beats quarterly profit estimates on resilient consumer spending
The company is well-positioned to weather any potential economic downturn
King Charles meets with US tech leaders, talks startup challenges
WASHINGTON, April 28 : Britain's King Charles met with U.S. tech leaders on Tuesday as part of his four-day state visit, discussing challenges for early-stage startups as the UK touts itself as a top destination for technology firms.Among the leaders Charles met with were Amazon founder Jeff Be ...
Starbucks raises forecasts after strong quarter, shares jump 5% after hours
Average consumer visits per Starbucks location rose 5.9 per cent in the quarter
If crashes are rising in Malaysia, fix the roads – not the courts
Anita Gabriel - While most such accidents are attributed to human error, poor infrastructure makes mistakes more likely
Airbus profit drops as earnings collapse at main jet unit
The aviation sector is experiencing one of its most challenging periods as jet fuel prices surge on the conflict in Iran
Seagate forecasts upbeat quarter as AI boom powers strong data-storage demand
SEAGATE Technology forecast fourth-quarter revenue and profit above Wall Street expectations on Tuesday, betting on strong demand for its data-storage hardware as...
Mondelez beats first-quarter estimates on resilient demand, pricing strength
The company reaffirmed its annual organic net revenue and adjusted earnings per share.
China’s used cooking oil ships to US as war drives biofuel boom
Fuel makers now are scrambling to acquire feedstocks to churn out renewable diesel
Oil rises on reports US will extend Iran blockade, prolonging Middle East supply disruptions
Global energy prices could rise 24 per cent in 2026 to their highest level since Russia’s invasion of Ukraine
Oil ends up nearly 3% as Hormuz disruption outweighs UAE Opec exit
Global energy prices could rise 24 per cent in 2026 to their highest level since Russia’s invasion of Ukraine
Toyota suppliers start to see shortages due to Iran conflict
With little visibility into which components might suddenly become unavailable, parts makers are issuing cautious forecasts for the current fiscal year
Singapore logistics firms mull cost-cutting moves amid energy crisis, but some EV adopters find room to expand
One company that uses electric delivery vehicles and solar panels is planning to hire more people to cope with growing business enquiries.
European shares hit near three-week low on Middle East impasse, mixed earnings
EUROPEAN shares ended near a three-week low on Tuesday as mixed corporate earnings, uncertainty over the Middle East conflict, and caution ahead of...
US stocks: Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings
[NEW YORK] US stocks closed lower on Tuesday, backing away from record closing highs as renewed concerns over the artificial intelligence boom weighed on...
NXP Semiconductors forecasts strong quarterly results, shares jump
April 28 : NXP Semiconductors forecast second-quarter revenue and profit above Wall Street expectations on Tuesday, betting on an ongoing recovery in the industrial and automotive chip markets to boost revenue, sending its shares up 15 per cent in extended trading.NXP derives most of its revenue fro ...
San Francisco, Port of Oakland settle airport trademark lawsuit
April 28 : The City of San Francisco and the Port of Oakland have settled their trademark dispute over the use of "San Francisco" in the Oakland airport's name, according to a press release issued Tuesday.The Port of Oakland had previously decided to change its airport's name to ...
Analysis:UAE exit weakens OPEC+ power over oil market but group to stay together, sources say
LONDON, April 28 : OPEC and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but the rest of the producer alliance is likely to stick together and continue to coordinate on oil supply policy, OPEC+ delegates and analysts said on Tu ...
Trump administration fires entire National Science Board
WASHINGTON, April 27 : President Donald Trump's administration has terminated the entire National Science Board of more than 20 members, two fired members of the board said on Monday.Here are some details:• The independent board was established in 1950 to guide the governance of the National ...
T-Mobile lifts annual forecast for account additions after upbeat quarterly results
April 28 : T-Mobile raised its forecast for annual postpaid net account additions on Tuesday, as competitive pricing and bundled streaming benefits help the U.S. wireless carrier attract customers in a saturated market.The company expects to add between 950,000 and 1.05 million postpaid accounts in ...
OpenAI's latest AI models, Codex now available on Amazon Bedrock
April 28 : OpenAI is now offering its latest AI models and its Codex coding agent on Amazon's cloud services platform, the companies said on Tuesday, a day after the ChatGPT creator loosened its ties with long-time backer Microsoft.OpenAI is also rolling out a service for developers to build an ...
EU rules reining in Big Tech will now target cloud services and AI, regulators say
BRUSSELS, April 28 : The European Union plans to turn the focus of its landmark rules curbing the power of Big Tech to cloud and artificial intelligence services, aiming to promote fairer competition after seeing positive results in other digital areas, EU regulators said.The EU Commission's Di ...
Worldline completes divestments, revenues beat expectations
April 28 : European digital payment service group Worldline on Tuesday reported quarterly revenues which slightly beat market expectations and said it had completed its divestment scheme with the sale of a 51 per cent stake in its Australian payment business.The divestment programme was aimed at sli ...
Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks
NEW YORK, April 28 : Oil prices rose on Tuesday as investors assessed the stalemate in the Iran conflict and news that the United Arab Emirates was cutting ties with OPEC, while concerns that the AI boom was losing momentum weighed on equity markets.U.S. bond prices also slid, with yields up on conc ...
