Russia's Yandex rebounds from loss to post Q2 profit growth
MOSCOW :Russian internet giant Yandex bounced back from a first-quarter net loss to report a 34 per cent year-on-year rise in second-quarter adjusted net profit to 30.4 billion roubles ($374.61 million), the company said on Tuesday.Yandex said its board of directors would consider a management propo ...
Villain of 2008 crisis gets new life in Europe's push for growth
Laura Noonan and Michal Kubala / Bloomberg - In the wake of the 2008 financial crisis, the role of villain partly fell on securitisation, turning it into a long-term pariah in Europe. Since then, the market of packaging different loans into products to sell to investors has weakened, made so costly by post-crisis rules that outstanding debt ha ...
India set for IPO surge as more companies plan to tap equity markets
Indian companies are projected to raise US$18 billion through IPOs in the second half of this year, says one investment banking and capital markets firm.
New orders slowing but UOBKH's Loh remains 'overweight' on offshore and marine sector
The Edge Singapore - New orders for the offshore and marine have slowed this year, but, from the perspective of UOB Kay Hian's Adrian Loh, the key Singapore-based stocks in this sector remain attractive and their valuations justify the same "overweight" call. In his July 29 note, Loh, citing industry sour ...
Siltronic posts Q2 revenue above expectations, cuts guidance
German semiconductor materials supplier Siltronic on Tuesday posted better-than-expected quarterly sales, but cut its annual sales guidance amid continued weakness in its semiconductor business and high customer inventories.The company posted second-quarter revenue of 329.1 million euros ($379.9 mil ...
Siltronic cuts annual revenue guidance, shares fall
German semiconductor materials supplier Siltronic on Tuesday lowered its full-year sales guidance and warned on sales in the next quarter, amidst continued weakness in its semiconductor business and high customer inventories.The group now expects sales to be in the mid-single-digit percentage range ...
Siltronic lowers full-year guidance
German semiconductor materials supplier Siltronic on Tuesday cut its annual sales guidance, amid continued weakness in its semiconductor business and high customer inventories.The group said it now expects sales to be in the mid-single-digit percentage range below the previous year, having previousl ...
Apple to shutter a retail store in China for the first time ever
The company is also expanding soon with new stores in Detroit, the United Arab Emirates, Saudi Arabia and India
JPMAM’s EQDP-appointed fund strategy to focus on Asian equities with ‘majority’ allocated to S’pore stocks
Samantha Chiew and Jovi Ho - JP Morgan Asset Management (JPMAM), one of three asset managers chosen by the Monetary Authority of Singapore (MAS) to launch fund strategies under the Equity Market Development Programme (EQDP), will allocate their share of $1.1 billion to Asian equities with a “majority allocation” to Singapor ...
US dollar strengthens against Singapore dollar, reverses broad weakening trend this year
Shikhar Gupta - The DXY index is up 1.9% since Jul 2. How could it perform next?
The greenback strengthens against Singapore dollar, reverses broad weakening trend this year
Shikhar Gupta - The DXY index is up 1.9% since Jul 2, shrugging off the impact of tariffs
The greenback strengthens against Singapore dollar, reversing broad weakening trend this year
Shikhar Gupta - The DXY index is up 1.9% since Jul 2, shrugging off the impact of tariffs
Analysts downgrade SIA, cut price targets amid lower Q1 profit, Air India losses
Therese Soh - Maybank downgrades the airline from a ‘hold’ to a ‘sell’, while CGSI updated its rating from ‘hold’ to ‘reduce’
SIA shares sink 7% as analysts downgrade carrier on sharp Q1 profit drop
Therese Soh - Maybank downgrades the airline from a ‘hold’ to a ‘sell’, while CGSI updates its rating from ‘hold’ to ‘reduce’
SIA shares sink over 7% as analysts downgrade carrier on sharp Q1 profit drop
Therese Soh - Maybank downgrades the airline from a ‘hold’ to a ‘sell’, while CGSI updates its rating from ‘hold’ to ‘reduce’
US baseline 10% tariff not ideal but Singapore ‘can live with it’: PM Wong
Sharon See - The country must ‘take the world as it is’ but can still shape its own future, he says
Succession, scandal and bottled water – the real battle at the heart of Wahaha court case
At the centre of the storm is 42-year-old Zong Fuli, long regarded as the sole heir to her father’s empire and one...
Indonesia readies stimulus, rate cuts to ensure 5% growth
Grace Sihombing and Norman Harsono / Bloomberg - Indonesia pledged to use its fiscal and monetary firepower to ensure economic growth maintains its 5% pace this year. Growth was the focal point of a quarterly meeting of top economic policymakers on Monday, as Indonesia faces weakening consumption and manufacturing at home, as well as the threat of ...
Citi announces research expansion into private industry, mostly tech firms
Citigroup said on Tuesday it is expanding its research coverage to include private companies, with a focus on rapidly growing tech firms, mirroring a similar strategy by JPMorgan Chase, which has reportedly begun covering non-listed firms.The expansion will focus on about 100 of the most influential ...
China crypto firm Bitmain plans first US factory in Trump gambit
The company intends to officially open a new headquarters and assembly line in either Texas or Florida by the end of the...
China’s coal pipeline risks creating glut, blowing climate goals
More than 450 sites are in development across the world’s second-largest economy, with nearly 40 per cent under construction or in test...
Asia: Stock markets fall as trade relief fades, eyes on data and earnings
[HONG KONG] Stocks fell on Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the...
Ex-BOJ deputy chief Nakaso sees 'cracks' in dollar's supremacy
TOKYO :The dollar will retain its supremacy as a key global currency but "cracks" appearing in its status will prod investors to continue diversifying into other currencies, said former Bank of Japan Deputy Governor Hiroshi Nakaso.On Japan's monetary policy, Nakaso said the BOJ is lik ...
CGSI downgrades SIA after earnings miss, tells investors to ‘take profit’ before Aug 8
Jovi Ho - CGS International (CGSI) analyst Raymond Yap advises investors to take profit before Singapore Airlines’ dividend ex-date on Aug 8, after the airline’s net profit fell 58.8% y-o-y to $186 million for 1QFY2026 ended June 30. The earnings miss “underperformed our expectations”, says Yap in a J ...
Explainer-What's at stake for Japan's fragile bond market this week
TOKYO :Japan's bond market faces stern tests this week, from domestic political ructions and a possible hawkish shift at the central bank to global risks stemming from the Federal Reserve.Japan's long-dated government bond (JGB) yields remain near record peaks after the ruling coalition lo ...
French luxury giant LVMH is exploring sale of Marc Jacobs brand
The Paris-based conglomerate has signalled it will dispose of labels as high-end demand slumps.
BYD’s Shenzhen share split could boost stock after retreat
[HONG KONG] A three-for-one stock split for BYD’s mainland-traded shares could be a positive catalyst for the carmaker after a weeks-long slump.
Buffett’s Berkshire sells one-third of VeriSign stake for US$1.23 billion
BERKSHIRE Hathaway sold about one-third of its stake in VeriSign, an internet infrastructure and domain name registry company that Warren Buffett’s conglomerate...
Asia shares slip as investors remember the drag of tariffs
SYDNEY :Asia shares eased on Tuesday while the euro nursed its losses as investors pondered the downside of the U.S.-EU trade deal and the reality that punishing tariffs were here to stay, with unwelcome implications for growth and inflation.The initial relief over Europe's 15 per cent levy qui ...
Asia shares ease, euro flatlines as tariff costs counted
SYDNEY :Asia shares slipped on Tuesday while the euro nursed its losses as investors pondered the downside of the U.S.-EU trade deal and the reality that punishing tariffs were here to stay, with unwelcome implications for growth and inflation.The initial relief over Europe's 15 per cent levy q ...
Jane Street to argue that retail demand drove its India trades
The trading giant has been working on its defence against market manipulation allegations from the Securities and Exchange Board of India.
Ong Beng Seng's HPL looks to cut stakes in Forum and voco Orchard
The property firm of embattled billionaire Ong Beng Seng is looking to reduce its stakes in two marquee assets along Singapore’s Orchard Road shopping strip, according to people familiar with the matter. Hotel Properties is in talks to sell majority stakes in the Forum shopping mall, as well as th ...
Keppel Infrastructure Trust back in black with S$60 million H1 net profit
Therese Soh - Its energy transition, environmental services, as well as distribution and storage segments post revenue growth
Keppel Infrastructure Trust H1 DPU up 1% at S$0.0197
Therese Soh - Distributable income for first half-year rose 31.2% on the year to S$119.4 million, from S$91 million
