AEM first-half profit falls 46.6% as revenue normalises
SINGAPORE (THE BUSINESS TIMES) - AEM Holdings on Thursday (Aug 5) posted earnings of $29.5 million for the first half...
Month: August 2021
Wall Street’s poor performance weighs on Singapore stock
SINGAPORE (THE BUSINESS TIMES) - Local shares headed south on Thursday after lacklustre hiring data in the United States and...
Hong Leong Finance H1 net profit rises 22.4% to S$44.7m
SINGAPORE (THE BUSINESS TIMES) - Hong Leong Finance on Thursday said it made a net profit of S$44.7 million in...
S&P 500, Nasdaq end at fresh records
NEW YORK (AFP) - Wall Street stocks rallied on Thursday (Aug 5), lifting the S&P 500 and Nasdaq to fresh...
Ethereum founder says upgrade sets stage for energy usage cut
LOS ANGELES (BLOOMBERG) - The most significant change to the Ethereum blockchain since 2015 that went into effect on Thursday...
Evergrande sell-off deepens with S&P warning of ‘downward spiral’
HONG KONG (BLOOMBERG) - China Evergrande Group bonds dropped toward record lows on Friday (Aug 6), with S&P Global Ratings warning...
US recovery stumbles as private hiring slows sharply in July
WASHINGTON (AFP) – After recovering strongly as widespread vaccinations allowed for an easing of pandemic restrictions, hiring by American firms...
Profits from Navarasa Tamil web series to aid 12,000 film industry workers hit by pandemic lockdown
Indian film industry veterans reminisced about their pioneering efforts to be part of a nine-part anthology that was shot and...
DBS CEO upbeat on growth outlook despite regional Covid-19 surge; Q2 profit rises 37%
SINGAPORE - DBS Group Holdings joined peers OCBC Group and UOB in reporting strong earnings that beat forecasts, while projecting that...
ESR to buy Singapore-based ARA for $7b, creating Asia’s biggest real estate fund manager
SINGAPORE - Hong Kong’s ESR Cayman will buy the entire share capital of Singapore-based ARA Asset Management (ARA) for US$5.2 billion ($7...