CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment

CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment

[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to S$0.71. “We think weaker consumer sentiment, coupled with elevated cocoa prices and a weaker Indonesian rupiah against the US dollar, could pressure profitability in the near…

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Latest Singapore six-month T-bill cut-off yield slides to 2.2%

Latest Singapore six-month T-bill cut-off yield slides to 2.2%

The auction received S$18.1 billion in applications for the S$7.5 billion on offer [SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.2 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (May 22).  This declined from the 2.3 per cent cut-off yield offered in the previous…

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Goldman Sachs combines Asia investment banking units, names Drayton APAC head

Goldman Sachs combines Asia investment banking units, names Drayton APAC head

Published Thu, May 22, 2025 · 01:23 PM [HONG KONG] Goldman Sachs is bringing together previously separately-managed three Asian investment banking businesses into one unit to integrate its regional deals advice and capital market capabilities, according to a memo reviewed by Reuters on Thursday. Iain Drayton, currently head of investment banking, Asia excluding Japan, at Goldman Sachs, will lead…

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US accepts Qatar luxury jet as Trump’s new Air Force One

US accepts Qatar luxury jet as Trump’s new Air Force One

[WASHINGTON] The Defense Department formally accepted a luxury Boeing 747-8 jumbo jet from Qatar to temporarily serve as the new Air Force One for US President Donald Trump, one of the biggest foreign gifts ever given to the US government. The move fulfils Trump’s desire for a new presidential aircraft, after years of delays in…

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‘The Pitt’s Tracy Ifeachor On Season 2 & Her Character’s Romantic Potential With Noah Wyle’s Dr. Robby: “Lots Of Surprises To Come”

‘The Pitt’s Tracy Ifeachor On Season 2 & Her Character’s Romantic Potential With Noah Wyle’s Dr. Robby: “Lots Of Surprises To Come”

While HBO Max‘s The Pitt readies itself for filming on Season 2, star Tracy Ifeachor teased what might be coming through the doors of the emergency department next, including what the breakout drama has in store for her character Dr. Collins, both romantically and professionally speaking. “Listen, there is going to be an amazing cast…

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JPMorgan is long-term in China despite pressure, Dimon says

JPMorgan is long-term in China despite pressure, Dimon says

[SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies. “We’re a long term investor here,” he said in a Bloomberg TV interview at the lender’s Global China Summit in Shanghai. “Yes, there’s all these…

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Private credit funds target billions in retail demand from Asia

Private credit funds target billions in retail demand from Asia

[SINGAPORE] From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last untapped pocket: retail investors. Private capital firms once catered almost exclusively to institutions and ultra-wealthy clients who are able to stomach the high-risk and long-term nature of the investments. But…

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‘Survivor’ Season 48 Winner Crowned On CBS

‘Survivor’ Season 48 Winner Crowned On CBS

SPOILER ALERT: This post contains details on the Survivor Season 48 finale. Survivor Season 48 ended, declaring one castaway the $1 million prize winner. Host Jeff Probst teased that the finale will see a reckoning, saying, “It was inevitable there would be blood because in order to win this game, you gotta get to four…

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Who Won Survivor? Season 48 Winner Revealed

Who Won Survivor? Season 48 Winner Revealed

The flight attendant ended up taking home the $1 million prize during Survivor: China and planned on seeing the world with it, but he publicly struggled with alcoholism after his time on the CBS reality hit.  A frequent guest on the Dr. Phil Show, he made headlines in 2017 when he alleged to Stat and The Boston Globe that…

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