Business
Asia: Stocks bounce back after Treasury-led sell-off
Asian equities stabilised on Friday following the previous day’s US bond-fuelled sell-off with traders tracking a slight pullback in…
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Business
Business
Analysts bullish on BYD as it overtakes Tesla
Analysts are getting bullish on BYD as the Chinese automaker’s soaring exports, rising global presence and cost competitiveness signal…
Business
Gold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating…
Business
Lagarde says international trade will never be the same
PEAN Central Bank President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even…
Business
Nomura raises top executives’ pay to highest in over a decade
RA Holdings increased pay for its top executives to the highest in more than a decade, as Japan’s biggest brokerage posted a record annual…
Business
Metro sinks into the red with H2 net loss of S$228.1 million on lower revenue
Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversingfrom a S$6.4 million net profit in…
Business
Stocks to watch: Yangzijiang Shipbuilding, Metro
The following companies saw new developments that may affect trading of their securities on Friday (May 23). Yangzijiang Shipbuilding: The…
Business
Bank of Japan to closely watch bond market situation: governor
[BANFF, Canada] Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will closely monitor the bond market amid surging…
Business
UBS raises S&P 500 year-end target, eyes more gains in 2026
Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of…
Business
Oil prices settle down on potential further increase in Opec+ output
Oil prices settled lower on Thursday as investors weighed a report that Opec+ is discussing a production increase for July, stoking…
Business
Europe: Stocks pressured by rising bond yields, weak economic data
EUROPEAN stocks fell on Thursday as concerns over US fiscal health kept Treasury yields elevated, while data showing weak euro zone…
Business
US: Stocks mixed as bond yields moderate
Wall Street stocks finished mixed on Thursday as US Treasury bond yields moderated following House passage of President Donald Trump’s…
Business
Peru court rules in favor of Kichwa territorial rights in the Amazon
BOGOTA, Colombia (AP) — Peru’s top court has issued a landmark ruling recognizing the territorial rights of the Kichwa people within a…
Business
Knicks Collapse vs Pacers Has Stephen A Smith 'Sick to His Stomach'
By Matt Levine works as a contributing writer for Newsweek based in California. His expertise is in covering the NBA but he also covers…
Business
AI could account for nearly half of data centre power usage ‘by end of year’
Artificial intelligence systems could approach accounting for half of data centre power consumption by the end of this year, according to…
Business
Elon Musk Backlash Ramps Up as Tesla Loses Key Status Marker
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans…
Business
Over a Dozen Officials Dumped Stocks Just as Trump Crashed the Market
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans…
Business
Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billion Ralph Lauren surpassed quarterly revenue…
Business
Xiaomi billionaire touts SUV, Chinese chip in tech showcase
Xiaomi’s billionaire founder outlined plans for its first SUV and top-end gadgets with self-developed mobile chips, showcasing ambitions…
Business
BYD beats Tesla in Europe for first time with 169% sales surge
sold more electric vehicles in Europe than Tesla for the first time, overtaking the American brand that’s long led the continent’s EV…
Business
Yangzijiang Shipbuilding order wins dip to US$0.3 billion
This is down from US$3.3 billion in the year-ago period, but vessel deliveries remain on track Marine vessel manufacturer Yangzijiang…
Business
Rajeev Mittal appointed CEO of Prudential’s asset management arm
Rajeev Mittal will lead Prudential’s asset management business, Eastspring Investments, from Jul 1. He will replace Bill Maldonado, who…
Business
Apac family offices favour developed market equities, bonds: UBS report
Family offices (FOs) in the Asia-Pacific favoured equities and bonds from developed markets in 2024 and plan to increase their strategic…
Business
Public Schools Robbed Children of Learning and Earnings. They Should Pay Kids Back
A national effort to compensate Americans affected by prolonged pandemic-era public school closures and other education policy failures is…