Macquarie ‘Millionaires Factory’ put at risk by investor revolt
[SINGAPORE/MELBOURNE] Macquarie Group’s long vaunted money-making machine for top bankers is showing signs of strain. Known as the “Millionaires’ Factory”, the Australian financial giant has for years awarded more generous pay to its senior management and dealmakers than rivals across Asia. Former commodities head Nick O’Kane famously earned more than JPMorgan Chase chief executive officer…
Read MoreSeatrium shares tumble 5.4% after fines, despite strong H1 results
The company will pay S$240 million in financial penalties to settle corruption offences [SINGAPORE] Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite posting strong results for the first half of 2025. On Wednesday, the engineering solutions provider announced that it would pay S$240 million in fines to…
Read MoreSeatrium falls 5.4% after fines, despite strong H1 results
The company announced on Wednesday (30 Jul) it was to pay S$240 million in financial penalties [SINGAPORE] Shares of Seatrium dived 5.4 per cent shortly after market open on Thursday (Jul 31) despite strong H1 2025 results. The company announced on Wednesday (30 Jul) that it would pay S$240 million in fines to authorities in…
Read MoreKeppel shares up 6.1% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
[SINGAPORE] Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager said H1 net profit grew 24.2 per cent and that it planned to divest a portfolio of non-core assets worth S$14.4 billion. As at 10.10 am, the counter was trading at a six-year high of S$8.68, with some 7.9 million shares…
Read MoreKeppel shares up 5.5% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
Year to date, it is up 25.1% from its closing price on the last trading day of 2024 [SINGAPORE] Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager said H1 net profit grew 24.2 per cent and that it planned to divest a portfolio of non-core assets worth S$14.4 billion. As…
Read MorePanama official seeks court review of CK Hutchison port contract
[NEW YORK] Panama’s comptroller general asked its Supreme Court to review the government’s contract extension with CK Hutchison’s local ports unit, potentially throwing a new wrench into the conglomerate’s deal to sell its global terminals business. Panamanian official Anel Flores said that he asked the court to find unconstitutional a 2021 extension for Panama Ports’…
Read MoreOver 120 flights disrupted by UK tech glitch
[LONDON] Scores of flights to and from UK airports were cancelled on Wednesday due to a technical glitch, according to the air traffic control service, prompting anger from airline chiefs. The number of aircraft in London’s air space was limited by the service, known as NATS, as a result of a technical issue which was…
Read MoreGold rebounds from one-month low on renewed trade uncertainty
Published Thu, Jul 31, 2025 · 09:30 AM [BENGALURU] Gold prices rebounded on Thursday (Jul 31) from a one-month low hit in the previous session, as trade uncertainty stemming from fresh US tariff announcements lifted bullion demand and investors bought on dips despite reduced expectations of a US rate cut. Spot gold was up 0.4…
Read MoreAustralia’s central bank welcomes Q2 inflation data, deputy governor says
Published Thu, Jul 31, 2025 · 09:10 AM [SYDNEY] Australia’s second-quarter inflation data was very welcomed and came in as just the central bank expected, a top official said on Thursday, but added the bank remained cautious about the interest rate outlook. At the Barrenjoey Economic Forum in Sydney, Reserve Bank of Australia Deputy Governor…
Read MoreGrab reports a Q2 2025 earnings of US$35 million on higher revenue and margins
[SINGAPORE] Superapp Grab reported Q2 2025 earnings of US$35 million, reversing from a loss of US$53 million in the same year-ago period. This was driven by operating profit and lower finance costs, and also partially offset by higher income tax expenses in Q2 2025. Revenue for the period grew 23 per cent to US$819 million…
Read MoreKeppel H1 profit rises 24.2% to S$377.7 million; seeks to monetise S$14.4 billion non-core assets
[SINGAPORE] Asset manager Keppel saw net profit rise 24.2 per cent on the year to S$377.7 million for the first half ended Jun 30, driven by growth in its real estate segment. The profit growth came even as Keppel’s top line fell 5.2 per cent to S$3.1 billion. Revenue from the infrastructure segment was down…
Read MoreAims Apac Reit posts 0.4% higher Q1 DPU of S$0.0228 amid stable operational performance
[SINGAPORE] Aims Apac Reit reported on Thursday (Jul 31) a 0.4 per cent increase in distribution per unit (DPU) of S$0.0228 for Q1 FY2026, from S$0.0227 in the same year-ago period. The distribution will be paid out on Sep 24, with its record date on Aug 11. Distributions to unitholders also grew 1.1 per cent…
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