Bloomberg Nintendo’s muted forecast for its financial performance in the current fiscal year stunned investors and analysts, sending shares sliding. The company’s stock tumbled as much as 5.1 percent after it forecast operating profit of 260 billion yen ($2.3 billion) this year, well short of the 350.2 billion yen average of estimates. Analysts were particularly befuddled by the forecast that ...

Bloomberg Singapore’s effort to create an ecosystem to support startups is gaining ground, with the city-state now home to more than 150 venture capital funds. L’Oreal SA, Microsoft Corp and Oracle Corp are among more than 100 entities running incubator and accelerator programs, according to Enterprise Singapore, the government agency spearheading enterprise development. Venture funding has increased to $10.5 billion ...

Bloomberg Wealth-management group iFast Corp posted a 37.5 percent slide in profit before tax for the year as poor financial markets and investments for growth take their toll. Singapore-based iFast reported a $1.37 million profit, from S$2.99 million a year earlier, according to a company filing. The fintech company said it expects revenue and profitability to improve in the second ...