Posts by Kim Browne
Toyota Industries shares set to surge on potential buyout by Toyota Motor
[TOKYO] Shares of Toyota Industries were set for their biggest daily jump on record on Monday (Apr 28) after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of four trillion yen (S$37 billion). Toyota Industries shares remained untraded with a glut of buy…
Read MoreiFast plunges 12% after cutting its Hong Kong profit guidance
This is after the company lowered its 2025 Hong Kong profit before tax target to HK$380 million from HK$500 million [SINGAPORE] iFast shares plunged as much as 12 per cent on Monday (Apr 28) morning, after the investment platform operator revised its Hong Kong operations’ profit target and reported first-quarter earnings. As at noon, the…
Read MoreThe Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?
President Trump’s shake-up of the global trade system has sent tremors through the long-held view that the United States is the source of the world’s safest financial assets. That’s created an opportunity for Europe. The market tumult in which investors simultaneously sold off the U.S. dollar, American stocks and U.S. Treasury bonds eased last week…
Read More‘60 Minutes’ Rebukes Paramount On-Air Over Executive Producer’s Exit
In an extraordinary on-air rebuke, one of the top journalists at “60 Minutes” directly criticized the program’s parent company in the final moments of its Sunday night CBS telecast, its first episode since the program’s executive producer, Bill Owens, announced his intention to resign. “Paramount began to supervise our content in new ways,” the correspondent,…
Read MoreAustralian stock exchange operator to reassess M&A rules amid James Hardie backlash
Published Mon, Apr 28, 2025 · 09:50 AM THE Australian stock exchange operator ASX said on Sunday that it had initiated a process for its rules regarding shareholder approvals for mergers and acquisitions. The ASX’s decision to review its listing process came a day ahead of fibre-cement maker James Hardie saying it would hold a…
Read MoreCapitaLand Ascott Trust gross profit rises 4% in Q1
[SINGAPORE] CapitaLand Ascott Trust’s (Clas) managers said in a business update on Monday (Apr 28) that the trust’s gross profit rose 4 per cent year on year in the first quarter of 2025. Gross profit from new properties in the quarter replaced the drop in gross profit from divestments in 2024, the managers said, driven…
Read MoreGold falls on firmer dollar, US-China trade tension subside
Published Mon, Apr 28, 2025 · 09:09 AM [BENGALURU] Gold prices eased on Monday (Apr 28) as the thawing of trade tensions between the US and China provided some relief to investors, while a stronger US dollar further weighed on prices. Spot gold fell 0.3 per cent to US$3,309.31 an ounce, as at 0016 GMT.…
Read MoreTikTok to enter Japan’s e-commerce industry: Nikkei
The Chinese social media platform is looking to expand its business outside of the US, where it awaits a deal that will secure its presence in the country Published Mon, Apr 28, 2025 · 07:38 AM [BENGALURU] Chinese social media platform TikTok will enter the online shopping industry in Japan within the next few months,…
Read MoreCapitaLand Investment looks to expand in US, Europe while navigating market uncertainty
[SINGAPORE] CapitaLand Investment (CLI) seeks to grow its presence in the United States and Europe which are mature markets with deep pools of capital. In an interview with The Business Times, group chief executive officer Lee Chee Koon said: “The private markets are… a lot more mature than what we have in Asia-Pacific, and we…
Read MoreNew Details Emerge on Trump Officials’ Sprint to Gut Consumer Bureau Staff
Two weeks ago, a three-judge panel from the federal appeals court in Washington lifted a freeze on firing employees at the Consumer Financial Protection Bureau, with some conditions. The judges, ruling on a Friday night, said that workers could be fired if agency leaders determined, after a careful assessment, that they were not needed to…
Read MoreTitanic Survivor’s Letter, Written Aboard the Ship, Sells for Nearly $400,000
Days before the Titanic struck an iceberg, a first-class passenger, Col. Archibald Gracie, described the vessel in a letter written while on board: “It is a fine ship but I shall await my journey’s end before I pass judgment on her.” Colonel Gracie’s journey on the Titanic had a catastrophic end, but he fared better…
Read MoreThe Missteps That Led to a Fatal Plane Crash at Reagan National Airport
As they flew south along the Potomac River on the gusty night of Jan. 29, the crew aboard an Army Black Hawk helicopter attempted to execute a common aviation practice. It would play a role in ending their lives. Shortly after the Black Hawk passed over Washington’s most famous array of cherry trees, an air…
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