HBAN earnings call for the period ending September 30, 2021.
Commodity trader Olam Group Ltd on Friday posted a marginal rise in net profit for the first half of fiscal 2022, as a weak performance in the food ingredients unit partially countered strong showing in its Olam Agri business. "The significant demand growth rate and pick-up seen in H2 2021 has slowed down in H1 2022 after the geopolitical crisis, accompanied by the hard pandemic lockdowns in China," Olam said. Olam Agri, which trades grains and animal feed, edible oils, rice, cotton and commodity financial services, still posted a 49.4% jump in its first-half operating profit.
Jollibee Foods Corp., the largest Philippine restaurant operator, saw its profit jump by nearly 200% in the second quarter as diners returned with the easing of COVID restrictions.
Stock markets mostly rose, the dollar rallied and oil prices fell Friday as traders attempt to guess the size of the US Federal Reserve's next interest rate hike after sky-high US inflation eased.
Shares of Indian domestic airlines rose on Thursday, a day after the civil aviation ministry said it will remove the restrictions on ticket prices it had imposed two years ago due to the coronavirus pandemic. Domestic airlines IndiGo, SpiceJet Ltd, Air India, Go First and Vistara - a joint venture between the Tata Group and Singapore Airlines - can now price tickets freely. Shares of top airline IndiGo's parent InterGlobe Aviation Ltd rose as much as 2.3% to 2084.6 rupees while smaller rival SpiceJet Ltd jumped as much as 7% to 47.9 rupees.
Singaporean conglomerate Keppel Corp said on Friday it would spend 305 million euros ($314.7 million) along with a unit for a 50.01% stake in a special purpose vehicle (SPV) that owns 50% of Borkum Riffgrund 2, an offshore wind farm in Germany. The deal comes as companies race to increase their exposure to renewable energy assets which have risen in prominence in recent years amid a global push towards clean and sustainable energy. "The transaction further accelerates the growth of the group's exposure in renewable energy assets," Keppel said in a statement, adding that it would have a total renewable energy portfolio of about 2.2 gigawatts after the investment was completed.
Gold prices edged lower on Thursday, weighed down by prospects of more rate hikes by the U.S. Federal Reserve even as data pointed to signs of inflation peaking. Spot gold fell 0.1% to $1,789.83 per ounce by 1741 GMT. "Gold's been lingering near the key $1,800 level as the market has toned down rate hike expectations, which has also weakened the dollar," although most Federal Reserve commentary continues to hint at more rate increases, said David Meger, director of metals trading at High Ridge Futures.
Philippine telecom giants PLDT Inc. and Globe Telecom Inc. have separately accused new entrant DITO Telecommunity Corp. of “fraudulent” calls made through its network, heightening a public disagreement.
Singapore trimmed its 2022 growth forecast to a range of 3%-4% to reflect an increasingly challenging global environment.
This year's Solve for Tomorrow theme is 'Innovate for a Better Hong Kong’. Samsung is encouraging the city's primary and secondary students to develop creative technology solutions for diverse local issues and compete for prizes worth more than HK$270,000.HONG KONG SAR - Media OutReach - 11 August 2022 - The world's leading technology company, Samsung Electronics H.K. Co. Ltd, officially launched its annual 'Solve for Tomorrow' competition today with the theme "Innovate for a Better Hong Kong."
Citing its cash balance of $312.7 million, and no bank borrowings, the company says it is shielded from the impact of rate hikes
Riyadh-headquartered fund listed among 'Top 50 Investors of Direct Investment Funds with Best Performance in 2022' and 'Top 30 Best Rising Star Funds in 2022' Recognition follows success in building bridge between China and the MENA region for technology- and expertise-sharing RIYADH, SAUDI ARABIA/DUBAI, UAE - Media OutReach - 11 August 2022 - eWTP Arabia Capital (eWTP), one of the largest Middle East and North Africa (MENA)-focused growth stage venture fund creating robust digital ecosystems in
A popular Chinese medical information site has been censored by authorities for "violation of relevant laws and regulations", months after its criticism of a government-backed herbal Covid-19 treatment sent shares in a pharmaceutical giant tumbling.
The business empire of Philippine tycoon Dennis Uy, which recently made headlines with a notice of default, may face nearly $700 million worth of loans maturing this year.
Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management. The company said its overall order visibility has improved on the back of rising oil prices and renewed concerns about energy security amid geopolitical tensions. Sembmarine has been a loss-making business since it posted an annual loss in 2018, in an industry plagued by oil price volatility, a drop in new orders, and the pandemic's impact.
Though sharing the same surname as Grab CEO Anthony Tan, she's not his sister or spouse. Where did they meet? How did the idea for Grab come about?
The current consensus forecast of private sector economists is for a 3.8% growth this year.
Trendale Tower is within the highly desirable Cairnhill residential enclave at the edge of the Orchard Road shopping belt. (Picture: Savills Singapore)SINGAPORE (EDGEPROP) - The owners of Trendale Tower at 79 Cairnhill Road have launched a collective sale tender of the freehold site for $178 million. The collective sale of the property is currently marketed by Savills Singapore.Read also: Third-gen Teo family’s TE Capital stays invested in Melbourne, undeterred by state of disasterThe developmen
Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.
Setting itself up as a leading home-grown designer furniture brand, Cellini sustains its promise to deliver quality craftsmanship, exclusive designs, and timeless furniture pieces. Reimagining the creations of its in-house craftsmen, Cellini's latest launch draws much of its inspiration from the vibrant hues of the colour wheel and the increased demand for exuberant furnishings for revamping one's abode. Putting its signature artistic spin on everyday pieces for the modern individual, this launc
Partnering with Tuas Power Supply is the First Step in Materializing the Long-term Commitment into Singapore. There are more strategic partnerships in the pipeline this year.SINGAPORE - Media OutReach - 11 August 2022 - NEFIN Group ("NEFIN"), Asia's leading green independent power producer (IPP), officially launched its brand-new APAC Headquarters in the heart of Singapore's downtown precinct at MacDonald House in Dhoby Ghaut. Highly driven by the entrepreneurial spirit of Singapore, 8 August 20
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