Posts by Swedan Margen
CapitaLand Ascott Trust H1 DPS falls 1% to S$0.0253
[SINGAPORE] The manager of CapitaLand Ascott Trust (Clas) on Tuesday (Jul 29) posted a 1 per cent drop in distribution per stapled security (DPS) to S$0.0253 for its first half ended Jun 30, from S$0.0255 in the previous corresponding period. Revenue for the first half inched up 3 per cent to S$398.5 million from S$386.4…
Read MoreCapitaLand Ascott Trust H1 DPS dips 1% to S$0.0253
[SINGAPORE] The manager of CapitaLand Ascott Trust (Clas) on Tuesday (Jul 29) posted a 1 per cent drop in distribution per stapled security (DPS) to S$0.0253 for its first half ended Jun 30, from S$0.0255 in the previous corresponding period. Excluding non-periodic items related to realised exchange gain from bank loan repayments and from cross…
Read MoreProcter & Gamble replaces CEO Jon Moeller in surprise move with COO Shailesh Jejurikar
Published Tue, Jul 29, 2025 · 07:52 AM [BENGALURU] Procter & Gamble (P&G) CEO Jon Moeller is stepping down in a surprise move just after four years with the company, and the consumer goods giant said that he would be succeeded by operating chief Shailesh Jejurikar. Moeller, who had been at the helm since 2021,…
Read MoreThe world’s biggest passenger planes keep breaking down
[SYDNEY] The world’s largest commercial passenger jet, the Airbus A380, enjoyed an unexpected resurgence hauling full loads of passengers when global travel rebounded after the pandemic. But keeping the ageing superjumbo safely airborne is becoming an increasingly expensive headache for airlines. Two decades after its maiden flight, regulatory bulletins ordering repairs, inspections or replacement parts…
Read MoreWarner Bros to get studio business after split, Discovery to house news, sports brands
The breakup is the latest unravelling of decades of media consolidation that created global conglomerates spanning content creation, distribution and in some cases, telecommunications Published Tue, Jul 29, 2025 · 07:05 AM [BENGALURU] Warner Bros Discovery (WBD) said the two companies created by the separation of its studio, streaming and cable TV units would be…
Read MoreDBS, OCBC, UOB Q2 results likely to be weighed down by lower interest rates
[SINGAPORE] The trio of local banks will likely post weaker results for the second quarter of 2025, weighed down by lower net interest income from falling interest rates, analysts said. They are expected to post their Q2 financials next month, beginning with OCBC on Aug 1 and followed by DBS and UOB on Aug 7.…
Read MoreUS dollar jumps most since May after US and EU reach trade deal
Published Tue, Jul 29, 2025 · 06:45 AM [NEW YORK] The US dollar jumped the most since early May, putting it on track for its first monthly gain this year, as a trade deal between the US and the European Union renewed some fears about the impact of tariffs on global growth. The Bloomberg Dollar…
Read MoreUS smartphone market sees sluggish growth as India-made phones surge, Canalys says
Published Tue, Jul 29, 2025 · 06:43 AM THE United States smartphone market grew just 1 per cent in the second quarter as vendors front-loaded device inventories amid tariff concerns, while supply chain negotiations between China and the United States boosted shipments of Indian-made phones, research firm Canalys said on Monday. The imposition of US…
Read MoreHarley Davidson nears financing unit deal with Pimco, KKR
[NEW YORK] Harley-Davidson is in advanced talks to sell a stake in its financing unit as well as its existing motorcycle loan portfolio in a deal worth US$5 billion to Pacific Investment Management Company (Pimco) and KKR, according to sources with knowledge of the matter. The firms’ private credit arms are in discussions to purchase…
Read MoreOil rises 2% on US-EU trade deal, Trump’s shorter deadline for Russia
[NEW YORK] Oil prices rose 2 per cent on Monday after a trade deal between the US and the European Union, and US President Donald Trump’s announcement that he would shorten the deadline for Russia to end its war in Ukraine or face sanctions. Brent crude futures were up US$1.60, or 2.3 per cent, at US$70.04…
Read MoreEurope: Shares close lower as US-EU trade deal draws mixed response
EUROPEAN shares pulled back from a four-month high and settled Monday’s choppy session marginally lower as investors weighed the implications of a framework trade agreement between the United States and the European Union. The pan-European Stoxx 600 index rose as much as 1 per cent to touch a four-month high on initial relief that prolonged negotiations yielded a deal…
Read MoreUS: Stocks pause at records at start of heavy earnings week
Published Tue, Jul 29, 2025 · 06:11 AM [NEW YORK] Wall Street stocks finished little changed on Monday as markets awaited key earnings and economic data later in the week while weighing the potential for more gains after a heady period. Investors greeted Sunday’s announcement that the United States had reached a trade deal with the European…
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