UOB jumps 2% as market rises; Macquarie upgrades stock

UOB jumps 2% as market rises; Macquarie upgrades stock

[ad_1] It has potential for a ‘relative-value catch-up play’, with headwinds set to abate this earnings season [SINGAPORE] Shares of UOB rose on Thursday (Jan 22) after Macquarie upgraded its call on the lender and raised its target price. The counter climbed 2.3 per cent or S$0.83 to S$37.60 in early trade, hitting a nine-month…

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Info-Tech Systems forecasts ‘considerable increase’ in consolidated net profit for FY2025

Info-Tech Systems forecasts ‘considerable increase’ in consolidated net profit for FY2025

[ad_1] [SINGAPORE] Software provider Info-Tech Systems expects to report a “considerable increase” in its consolidated net profit for FY2025, compared with the full-year ended Dec 31, 2024. The improvement is attributed to higher academy training revenue resulting from stronger demand, particularly in the second half of the year, alongside continued growth in the human resource…

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South Korea’s Kospi stock benchmark tops 5,000 for first time

South Korea’s Kospi stock benchmark tops 5,000 for first time

[ad_1] Published Thu, Jan 22, 2026 · 09:01 AM [SEOUL] South Korea’s stock benchmark topped 5,000 points for the first time on Thursday, powered by gains in chipmakers like Samsung Electronics and SK Hynix, reaching a level promised by President Lee Jae Myung in just over six months since he took office. The benchmark Kospi…

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Gold eases as tariff risks fade, US$7,000 on the table

Gold eases as tariff risks fade, US,000 on the table

[ad_1] Market watchers caution that heavy speculative bets could trigger price corrections if sentiment falters [SINGAPORE] Gold slipped as much as 1 per cent in Asian trading on Thursday (Jan 22) morning after US President Donald Trump pulled back on threats to impose tariffs on European nations, adding that a “framework of a future deal” over…

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Lululemon founder slams board after see-through leggings fiasco

Lululemon founder slams board after see-through leggings fiasco

[ad_1] Published Thu, Jan 22, 2026 · 08:42 AM LULULEMON Athletica founder Chip Wilson lashed out over the company’s latest product flop, calling it a “total operational failure” that he blamed on the company’s board of directors. “This is a new low for Lululemon,” Wilson said in a post on LinkedIn. “It is clear that…

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Seatrium unit faces 130 million euros in claims from consortium partner amid arbitration proceedings

Seatrium unit faces 130 million euros in claims from consortium partner amid arbitration proceedings

[ad_1] The group says it is currently ‘unable to definitively ascertain the financial impact, if any’ [SINGAPORE] Seatrium New Energy (SNE), a wholly owned subsidiary of Seatrium , and Norwegian energy services firm Aibel have filed arbitration proceeds in relation to a consortium formed for a converter platform project. The parties are disputing the distribution of…

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Time for LA City Council to finish the job on permit fees

Time for LA City Council to finish the job on permit fees

[ad_1] It’s not final, and it shouldn’t have taken this long, but the decision Tuesday by the LA City Council’s Budget and Finance Committee to advance a proposal to waive all permit fees for victims of the Palisades Fire was the correct choice. Now the full council has a chance to do the right thing…

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