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…
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Business
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…
Business
Bank of Japan split over how US policies impact rate hikes: March minutes
Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming…
Business
Gold rises as Fed warns of economic uncertainty; Sino-US trade talks eyed
Gold prices climbed on Thursday (May 8) after the Federal Reserve warned of rising inflation and labour market risks fuelling economic…
Business
Singapore stocks open weaker as Fed leaves rates unchanged; other Asian markets mixed
DBS up on Q1 results, dividend announcement; Reits among most actively traded counters fall in early trade Singapore stocks opened weaker…
Business
Blackstone, Vanguard, Wellington to launch private markets fund
Traditional asset managers have been seeking ways to move beyond stock and bond funds into higher-margin businesses, including private…
Business
Great Eastern reports 13% higher Q1 profit of S$345.5 million
Great Eastern on Thursday (May 8) posted a 13 per cent year-on-year increase in profit to S$345.5 million for the first quarter ended…
Business
ANZ’s H1 cash earnings largely flat, margins stay pressured
RALIA’S ANZ Group reported largely flat first-half cash earnings on Thursday (May 8), as persistent competition in the home loan market…
Business
Stocks to watch: DBS, Riverstone, Lendlease Global Reit, Amara, Ban Leong
The following companies saw new developments that may affect trading of their securities on Thursday (May 8). DBS: The bank’s net profit…
Business
Europe: Shares slip as investors assess earnings, await Fed rate decision
EUROPEAN shares ended lower on Wednesday, pausing after weeks of strong gains, while investors monitored a raft of corporate earnings…