Sony forecasts 11% rise in annual profit but lower sales
TOKYO, May 8 : Sony forecast on Friday its operating profit for the year ending March 2027 would rise 11 per cent to 1.6 trillion yen ($10.20 billion), with higher profit but lower sales at its main gaming business. The Japanese firm also said operating profit for the year ended March rose 13.4 per ...
Sony annual profit rises 13.4%, below analyst estimates
TOKYO, May 8 : Sony on Friday reported operating profit for the year ended March rose 13.4 per cent to 1.45 trillion yen ($9.24 billion), below analyst estimates.That compared with profit of 1.28 trillion yen a year earlier and an LSEG consensus estimate of 1.56 trillion yen.($1 = 156.8900 yen)
Sony forecasts lower gaming business sales amid memory price surge
TOKYO, May 8 : Sony on Friday forecast annual sales at its gaming business would fall 6 per cent to 265.7 billion yen ($1.69 billion) due to lower hardware sales as its PlayStation 5 ages and as the industry grapples with a surge in memory chip prices.The Japanese company said it expects gaming prof ...
Citigroup targets hedge funds, private equity in FX growth push
Options have become a growing focus within FX as trading activity accelerates, making it a priority for the Wall Street bank
Japan intervened in forex market again during May holidays, source says
TOKYO, May 8 : Japan intervened in the foreign exchange market during holidays in early May, in addition to yen-buying operations conducted on April 30, in repeated bouts of intervention in markets, a source familiar with the matter told Reuters on Friday.The intervention since the start of May was ...
The cybersecurity boss who never uses airport Wi-Fi: ITSEC Asia CEO on risk and the weakest link
Elisa Valenta - Avoiding public Wi-Fi reflects CEO Patrick Dannacher’s risk discipline and how he shaped ITSEC Asia
Thirty-bagger Oiltek eyes further ‘exponential’ growth
Lin Daoyi - Oiltek International’s CEO Henry Yong is relying on demand for food and energy security to drive its next phase of growth, anchored by recurring income, a resilient business model and renewable energy With the recent pick-up in Singapore’s equities market, there has been a growing list of multi- ...
UOB beats estimates, announces franchise shift to wealth management
Goola Warden - United Overseas Bank (UOB) reported 1QFY2026 ended March 31 net profit of $1.437 billion, which was above the latest Bloomberg estimates of $1.39 billion, or a 3.3% beat. Net profit was up 2% q-o-q but down 4% y-o-y. Net interest income moderated 1% q-o-q and 4% y-o-y to $2.3 billion while net inter ...
Sumitomo Mitsui Trust Bank targeting $500 million for new aircraft lease fund
TOKYO, May 8 : Japan's Sumitomo Mitsui Trust Group (SMTG) is planning to launch a new aircraft lease fund, aiming to raise $500 million from investors in Japan, Asia and the Middle East, an executive said.The launch marks the latest push to expand aircraft leasing investment by a Japanese finan ...
Trump administration invites Nvidia, Boeing CEOs for China trip: report
Executives from Qualcomm, Blackstone, Citigroup, and Visa are also on the invitation list, according to the report
Converse CEO promises staff his plan will work as sales tumble
As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold
Converse CEO promises staff new brand strategy will work amid layoffs, dismal quarterly sales
As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold
SK Hynix flooded with unprecedented offers from big tech firms to secure chip supplies
The bids underscore the severity of the component’s scarcity around the world
Education tool Canvas hacked, multiple US college newspapers report
LOS ANGELES, May 7 : Education tool Canvas, used by schools, colleges and universities for grades and other class materials, was hacked, blocking students from accessing the application, multiple college student newspapers reported on Thursday.The Harvard Crimson reported that students could not gai ...
Executive condo prices may be dampened by new measures, but don’t expect a sharp fall
Leslie Yee - Strengthening the housing system helps boost social cohesion
Singapore’s 2025 tourism receipts reach record S$32.8 billion; Mice contributes S$2.3 billion
Elysia Tan - The Tourism Development Fund will receive a S$740 million boost
New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers
Chong Xin Wei - Land bids, new launch sales expected to slow with first-timer priority raised to 90% of units, extended to 2 years
Gold steady as US-Iran clashes dim truce prospects in Middle East
Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenback
Dollar firms as US-Iran hostilities flare, yen steadied by intervention risk
HONG KONG, May 8 : The dollar started Friday's Asian session on a firm footing against most major currencies after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo. The U.S. and Iran exchanged fire an ...
Dollar steady as US-Iran hostilities flare, yen steadied by intervention risk
HONG KONG, May 8 : The dollar was on a firm footing against most major currencies on Friday after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo. The U.S. and Iran exchanged fire and traded barbs again o ...
OCBC shares pare gains to close 0.2% up after Q1 profit beats estimates
Shikhar Gupta - The lender’s shares rise as high as 3.1% in early trading on Friday
OCBC shares up as much as 3.1% after Q1 profit beats estimates
Shikhar Gupta - The lender’s net profit for the first quarter is up 5%, driven by growth in wealth management
OCBC shares up as much as 3.1% after estimate-beating Q1 profit
Shikhar Gupta - The lender’s net profit for the first quarter is up 5%, driven by growth in wealth management
AvePoint 1QFY2026 earnings rise as SaaS revenue jumps 35%
Nurdianah Md Nur - AvePoint has reported earnings of US$15.3 million ($19.4 million) for its 1QFY2026, more than four times the US$3.6 million recorded a year earlier. The data management and governance tools provider benefited from higher software-as-a-service (SaaS) revenue and wider operating margins. For the three ...
Coinbase logs second straight quarterly loss as crypto trading momentum fades
Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflows
Foreign central banks boost share of Malaysian bonds to record
The nation’s strong currency and stable economic growth have been a key allure for global investors
Global central banks boost their holdings of Malaysian sovereign bonds
The nation’s strong currency and stable economic growth have been a key allure for global investors
Stocks to watch: OCBC, ST Engineering, Frasers Property, Raffles Education
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 8):
Stocks to watch: OCBC, ST Engineering, Frasers Property
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 8):
OCBC Q1 profit beats forecasts, sets aside more allowances amid Middle East war
SINGAPORE: Singapore's Oversea-Chinese Banking Corp (OCBC) on Friday (May 8) flagged heightened macro risks from the war in the Middle East, after posting a 5 per cent rise in first-quarter net profit driven by growth in its wealth business.OCBC, the country's second-largest bank, reported ...
Frasers Property H1 profit falls 37.8% to S$88.4 million on impairment loss
Deon Loke - Revenue for the half year falls 5.2% to S$1.51 billion
Australia regulator calls for urgent cybersecurity action to counter Mythos
SYDNEY, May 8 : Australia's corporate regulator has urged the country's financial sector to take urgent action on tackling potential cyber risks from frontier AI systems such as Mythos.The Australian Securities and Investments Commission on Friday published a letter sent to the financial s ...
Frasers Property's attributable profit for 1HFY2026 down 37.8% y-o-y
The Edge Singapore - Frasers Property's attributable profit for its 1HFY2026 ended Maych 31 is down 37.8% y-o-y to $88.4 million, weighed down by an impairment of $38 .2 million made for an investment in Thailand. If a one-off tax provision reversal in 1HFY2025 was excluded, attributable profit would have increased ...
Cloudflare cuts workforce by 20% in ‘AI-first’ restructuring
The company is cutting more than 1,100 jobs
