EU leaders minus Britain will debate for the first time Friday how to fill a Brexit-sized hole in the bloc's budget and how to choose a successor to European Commission head Jean-Claude Juncker. Grand plans pushed by French President Emmanuel Macron to reboot the European Union aRead More »
SINGAPORE (Feb 22): United Engineers posts a 36% drop in earnings to $89.6 million for the full year ended December, from $140.6 million a year ago. This was due to the absence of contributions from discontinued operations, which accounted for earnings of $113.2 million a year ago. Excluding discontinued
China's insurance regulator said Friday that it will take over control of Anbang Insurance Group for a year, with its chairman prosecuted.
BEIJING/SHANGHAI (Reuters) - Anbang Insurance Group Co Ltd, one of China's biggest insurance conglomerates, has been taken over by the country's insurance regulator for one year, and its chairman has been prosecuted for economic crimes. The China Insurance Regulatory Commission (CIRC) said in
It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO. Sembcorp Industries is preparing for an initial public offering (IPO) of Sembcorp Energy India Limited (SEIL) on BSE Limited and the National Stock Exchange of India (NSE), with the filing of a draft red
It was hit by a $35m loss due to the poor performance of its marine rig business. Sembcorp Industries’ profit crashed 84.6% YoY to $22.8m in 4Q2017, bringing its full-year net profit to $230.8m, which dropped 41.6% YoY. OCBC Investment Research noted that SCI’s results were dragged by poorer performance
Oilseeds & Grains profit rose to $272.33m thanks to stronger sales. Wilmar International reaped a bountiful harvest in 2017 as its profits grew 25.4% to $1.58b (US$1.2b). According to OCBC Investment Research, ...
SINGAPORE (Feb 22): Far East Orchard reported a 66.8% decline in FY17 earnings to $21.6 million from $65 million a year ago. The group’s hospitality business in Perth, Australia also recorded lower sales in the year due to challenging operating environment. Group gross profit for FY17 came in $51.8
Take-Two Interactive investors -- and Red Dead Redemption fans -- will have to wait until fall.
Not only did the automaker's sales in China take a hefty dip to open 2018, but crosstown rival General Motors' numbers soared.
SINGAPORE (Feb 22): SUTL Enterprise is acquiring a 60% stake in Thailand-based Makham Bay Marina (MBM) for $5.6 million. MBM has construction permits and development rights for a proposed marina to be located at Makham Bay, Phuket, for which it holds the land site and accompanying water area body for
Feb 23 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0221 GMT. CURRENCIES VS U.S. DOLLAR Change as of 0221 GMT Currency Latest bid Previous day Pct Move Japan yen ...
Oil prices edged up on Friday, supported by lower U.S. crude inventories, but gains were capped by a surge in U.S. exports that dragged net imports in the world's biggest fuel consumer to a record low. U.S. West Texas Intermediate (WTI) crude futures were at $62.89 a barrel at 0206 GMT, up 12 cents
A Department of Defense memo to Commerce Secretary Wilbur Ross supports the findings from Ross that steel and aluminum imports impair U.S. national security.
Angry Birds maker Rovio's stock price tanked cratered after their latest quarterly earnings report painted a dismal future for the game maker.
British inflation will outstrip gains in house prices this year and next, particularly in the capital, as uncertainty over Brexit and weak consumer spending power hits demand, a Reuters poll found on Friday. According to the latest quarterly Reuters poll of 33 housing market specialists, taken in the
Expect some good news today. The Straits Times Index (STI) ended 27.77 points or 0.79% lower to 3488.46, taking the year-to-date performance to +2.51%. The top active stocks were DBS, which declined 1.53%, ...
Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, while the safe-haven yen held on to its gains amid heightened volatility across markets. Financial markets have fluctuated wildly this month