Culture
Heavy selling wipes nearly a billion dollars off Yangzijiang Shipbuilding’s value as its shares plummet 9%
Shares of Yangzijiang Shipbuilding dropped as much as 16 per cent on Thursday (Feb 27), a day after it posted earnings and in a week when the US proposed...
Gemini’s Winklevoss says SEC closed investigation with no action
GEMINI Trust, owned by billionaire Winklevoss twins, was told by the US Securities and Exchange Commission (SEC) that the agency has closed its investigation into the crypto exchange according...
Goldman Sachs adds Waldron to board, lining up potential CEO succession
GOLDMAN Sachs added its president and chief operating officer John Waldron to its board of directors a month after he was given a retention bonus, cementing his position as a...
Acrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
ACROPHYTE Hospitality Trust’s distribution per stapled security (DPS) for the half year ended December 2024 was down 55.9 per cent at US$0.00848, from US$0.01929 in H2 FY2023. The distribution...
Nissan prepares to replace CEO after Honda deal falls apart
NISSAN Motor is drawing up plans to replace its chief executive officer following another dismal set of earnings and the collapse of talks to combine with Honda Motor, according...
Seven & i says founding family unable to secure funding for US$58 billion buyout
JAPAN’S Seven & I Holdings said on Thursday the retailer’s founding Ito family could not secure the financing required for a US$58 billion management buyout, and it would consider...
Bitcoin ETFs are hit by a record US$1 billion outflow in one day
INVESTORS yanked more than US$1 billion from spot Bitcoin exchange-traded funds (ETFs) on Tuesday (Feb 25), marking the biggest one-day outflow since the cohort’s debut last January.Fidelity Wise Origin...
ST Engineering H2 Profit Rises 19.6% To S$365.7 Million
ST ENGINEERING on Thursday (Feb 27) reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from S$305.9 million in the...
Golden Agri’s H2 profit soars 1,617.1% to US$262.1 million
PALM oil producer Golden Agri-Resources’ net profit for its second half ended Dec 31 surged to US$262.1 million from US$15.3 million in H2 FY2023, on the back of higher...
China quant says funds must adopt AI to survive after DeepSeek
DEEPSEEK’S success is intensifying pressure on China’s quantitative hedge funds to embrace artificial intelligence (AI) or risk becoming obsolete, according to one of the most aggressive users of AI...
