Business
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar…
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Business
Business
Asian banks see big boost to wealth business as currencies rally
A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to US…
Business
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
Business
U.S. Trade Deal Could Lift UK Economy, but Won’t Transform It
The British government made faster economic growth its No. 1 mission. But efforts to kick-start it have been repeatedly knocked off course…
Business
Australia exchange operator proposes IPO reforms to revive listings
The Australian Securities Exchange (ASX) on Thursday (May 8) unveiled a series of proposed reforms aimed at enhancing the global appeal of…
Business
Singapore stocks end lower as investors keep eye on tariff negotiations; STI down 0.4%
Local stocks ended lower on Thursday (May 8), as investors kept their eyes on tariff deal negotiations after the US central bank…
Business
Posts claiming 'low' Australia voter turnout share preliminary figures
Australia has consistently seen poll turnouts of around 90 percent or more since the country enforced compulsory voting a century ago.…
Business
Weakening US dollar expected to yield mixed impact for Singapore companies with significant exposure
Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the…
Business
Musk hits back at OpenAI’s claim he’s on quest to harm startup
Elon Musk fired back at OpenAI’s accusation that he has been waging a “relentless” campaign for more than a year to damage the startup. In…
Business
Emirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax Dubai’s Emirates Group, which includes…
Business
Japan's NTT plans to take NTT Data private for US$16.4 billion
It would launch a tender offer for NTT Data at 4,000 yen (S$35.91) per share, representing a 34% premium from Wednesday’s closing price…
Business
Bank Negara Malaysia holds rate at 3% amid output growth, flags tariff risks
Malaysia’s central bank kept its key interest rate steady at 3 per cent on Thursday (May 8), opting for policy stability amid resilient…
Business
Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months
A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen…
Business
Toyota sees US$1.3 billion profit hit in two months on tariffs
Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two…
Business
Toyota sees 180 billion yen profit hit in two months from tariffs
Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two…
Business
SeaMoney rebrands to Monee, opens new headquarters for digital financial services
Monee will be establishing centres of excellence in product management, artificial intelligence and anti-money laundering Sea’s digital…
Business
SeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services
It will set up centres of excellence in product management, artificial intelligence and anti-money laundering Sea’s digital financial…
Business
DBS loan demand to remain strong in H1, full-year growth likely at 5 to 6%: CEO Tan Su Shan
DBS expects its loan demand will remain strong in the first half of 2025, but warned that it may slow in the second half if the trade war…
Business
Unless things take a turn for the worse, the Fed seems comfortable to keep rates on pause indefinitely
The US Federal Reserve does not want any part of US President Donald Trump’s trade war, and it is determined to sit on the sidelines until…
Business
Indonesia reserves drop most in almost two years on rupiah woes
Bank Indonesia has stepped up intervention this year and last month began intervening in the offshore non-deliverable forwards market…
Business
Chinese automakers crank up sales of cars with combustion engines in Europe
Chinese electric vehicles (EVs) are losing momentum in Europe, but the nation’s automakers are selling more cars than ever in the region…
Business
US Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers
The US Federal Reserve keeping rates steady is a plus for stability in Asia’s financial markets, but trade uncertainty from tariffs…
Business
Thailand to shortlist central bank chief candidates by July 2, official says
A Thai selection committee plans to shortlist candidates to be the next central bank chief by Jul 2, an official said on Thursday (May 8),…
Business
DBS shares jump more than 2% after earnings beat estimates
DBS shares rose 2.1 per cent or S$0.88 on Thursday (May 8) to reach S$43.64 as at 11.26 am. It bucked the trend among the Singapore banks…