Prime Minister Lawrence Wong has announced a S$1.5 billion (US$1.19 billion) expansion of Singapore’s equity support program, bringing the total initiative to S$6.5 billion. The capital injection aims to bolster the city-state’s financial hub status as it navigates a cooling global economy and shifting trade dynamics.
McGraw Hill shares jumped 16% in premarket trading after the education publisher raised its annual revenue forecast and reported a narrower-than-expected quarterly loss. The updated guidance aims to reassure investors following recent market volatility fueled by fears that generative artificial intelligence could disrupt the traditional publishing industry.
Entergy Corp. reported a decline in fourth-quarter profit on Thursday, as rising operational expenses outweighed a steady increase in electricity consumption across its Gulf South service territory.
Telus has tapped former CIBC head Victor Dodig to succeed long-standing leader Darren Entwistle, signaling a major executive transition for the Canadian telecommunications giant as it concludes a 26-year era under its current chief.
Chicago-based utility giant Exelon Corp. has authorized a 5% increase to its quarterly dividend, raising the payout to 42 cents per share as it strengthens its commitment to shareholder returns.
Maumee-based Dana has appointed Byron Foster as its next chief executive, succeeding R. Bruce McDonald effective July 1. The leadership transition ensures continuity at the propulsion and energy-management provider, as McDonald will remain in his role as chairman of the board.
US Foods Holding Corp. posted a nearly threefold increase in fourth-quarter profit on Thursday, driven by steady demand from independent restaurants and healthcare clients. Despite a slight revenue miss, the foodservice giant’s adjusted earnings outperformed Wall Street expectations, underscoring its ability to manage costs in a cooling economic environment.
Exelon reported a decline in fourth-quarter profit and revenue as rising taxes and operational expenses offset gains from its utility rate structures. Despite the year-over-year dip, the Chicago-based energy giant surpassed Wall Street’s expectations, signaling resilience as it prepares for a multi-billion-dollar grid expansion.
Sanofi shares fell 6% on Thursday following the announcement that Belen Garijo, the current head of Germany’s Merck KGaA, will succeed Paul Hudson as chief executive. The leadership shakeup comes as the French drugmaker struggles to convince investors it can overcome recent clinical setbacks and diversify its portfolio ahead of looming patent expirations.
Hyatt Hotels Corp. reported a significantly narrower fourth-quarter loss and a massive earnings beat on Thursday, driven by resilient demand for luxury travel. The Chicago-based hotelier now projects a return to profitability by 2026, signaling a sharp turnaround from its current fiscal trajectory.
Birkenstock Holding PLC reported a dip in profitability for its fiscal first quarter as U.S. trade tariffs and unfavorable currency shifts offset steady revenue growth. Despite a rise in adjusted earnings, the German footwear brand’s margins contracted, highlighting the challenges of its heavy reliance on the American market amid fluctuating exchange rates.
Prime Minister Lawrence Wong announced a S$1.5 billion expansion of Singapore’s equity market support program during his national budget speech, a move designed to reinforce the city-state's standing as a premier global financial hub.
Shares of Meituan tumbled to their lowest level since March 2024 on Thursday after Moody’s Ratings shifted its outlook for the Chinese food-delivery giant to negative. The stock dropped as much as 5.1% in Hong Kong, eventually closing 4.5% lower at HK$84.85, as analysts warned that escalating competition and heavy investment requirements would continue to weigh on the company’s profit margins.
U.S. and European markets climbed on Tuesday morning as investors weighed a mix of corporate earnings and fluctuating energy prices. S&P 500 and Dow futures rose 0.3%, while European benchmarks like the CAC 40 and DAX posted gains of over 1%, signaling a resilient start for Western equities despite volatility in the Asian sector.
Yamato Industry Co. Ltd. (7886.TO) reported a net loss of ¥421 million for the nine months ended December 31, a sharp reversal from the profit recorded during the same period last year. The Japanese manufacturer faced a significant contraction in sales, with revenue falling nearly a third as operational pressures mounted.
Wakachiku Construction Co. Ltd. reported a significant jump in its bottom line for the nine months ended Dec. 31, as a surge in revenue fueled a 21% rise in net profit. The Tokyo-listed firm saw its net income climb to ¥2.60 billion, up from ¥2.14 billion in the prior-year period, according to financial data released under Japanese accounting standards.
HelloFresh shares tumbled 9.3% after the German meal-kit provider announced it would shutter its Italian operations and initiate layoffs in Spain. The retreat highlights the company's struggle to find a path to sustainable profitability in Southern Europe amid broader revenue declines and volatile weather conditions.
EssilorLuxottica shares jumped more than 5% on Thursday following an earnings report that highlighted the explosive success of its smartglasses collaboration with Meta Platforms. The Franco-Italian eyewear giant reported that surging demand for AI-integrated Ray-Ban and Oakley frames drove annual revenue to 28.5 billion euros, signaling a strategic pivot from traditional optics to high-growth wearable technology.
Tokyo-based Image Information Inc. (3803.TO) reported a net loss of ¥208 million for the nine months ended December 31, reversing a year-ago profit despite a significant increase in revenue. The company's latest financial disclosure reveals a widening gap between top-line growth and operational efficiency under Japanese accounting standards.
Shares in Adyen plummeted to a two-year low on Thursday after the Dutch payments firm reported full-year revenue that missed analyst expectations and issued a conservative earnings forecast for the year ahead. The stock dropped 16% in early European trading, reflecting investor anxiety over the company’s near-term growth trajectory despite a significant rise in annual profitability.
Fukuoka-based i3 Systems Inc. (4495.TO) posted a sharp increase in its first-half earnings for the period ending December 31, fueled by double-digit revenue growth and expanding margins. The company’s net profit climbed to ¥432 million, up from ¥280 million in the prior year, as demand for its enterprise solutions continues to scale in the Japanese market.
Envipro Holdings Inc. reported a surge in profitability for the first half of its fiscal year ended December 31, with net income nearly tripling to ¥933 million. While the Japanese environmental services firm faced a decline in overall revenue, a sharp rise in operating efficiency drove the bottom-line growth.
Chiyoda Integre Co. Ltd. reported a contraction in its full-year earnings for the period ending December 31, 2025, as net profit fell to 2.62 billion yen from 3.23 billion yen the previous year. The Tokyo-listed manufacturer faced headwinds across its core metrics, reflecting a broader downturn in operational performance compared to the 2024 fiscal period.
Royal Hotel Ltd. (9713.TO) reported a sharp increase in revenue and operating income for the nine months ended December 31, though net profit remained largely flat compared to the previous year. The Osaka-based hospitality group saw its top-line performance climb to ¥22.42 billion, even as bottom-line growth was tempered by non-operating factors and shifting cost structures.
Tokyo-listed Value HR Co. Ltd. reported a significant climb in annual revenue for the fiscal year ended Dec. 31, crossing the ¥10 billion threshold even as rising operational costs led to a double-digit decline in net profit.
Tokyo-based media firm All About Inc. reported a consolidated net loss of 164 million yen for the nine months ending Dec. 31, as a slight dip in revenue offset incremental improvements in the company’s operating efficiency.
G-Tekt Corp. reported a significant decline in its nine-month earnings for the period ending Dec. 31, as the Japanese automotive parts manufacturer grappled with cooling revenue and tightening margins. Net profit for the group fell to ¥6.29 billion, down from ¥8.92 billion in the same period last year, reflecting a broader slowdown in industrial demand.
Konoike Transport Co. Ltd. reported a decline in net profit for the nine months ended December 31, even as the Japanese logistics firm saw its top-line revenue and operating income climb. The company posted a net profit of ¥12.49 billion, down from ¥13.80 billion in the same period last year, reflecting a tightening of margins despite increased business volume.
QD Laser Inc. reported a significant narrowing of its nine-month net loss for the period ending Dec. 31, 2024, as the Japanese photonics specialist saw a steady uptick in top-line growth. The Tokyo-listed company reduced its net deficit to ¥223 million, down from a ¥328 million loss in the same period a year earlier, according to its latest financial filing.
Sakurai Ltd (7255.TO) reported a sharp rise in nine-month net profit to ¥166 million, fueled by a successful return to operating profitability and steady revenue growth through Dec. 31.
