Business
HSBC warns trade turmoil poses serious risks to global growth
Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international…
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Business
Business
Exxon beats Wall Street profit estimate, boosted by Guyana and Permian production
ExxonMobil on Friday (May 2) beat Wall Street’s estimate for first-quarter profit as higher oil and gas production from Guyana and the…
Business
CICT sells stake in CapitaSpring serviced residence component for S$37.8 million
The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (May 2) announced the sale of its stake in the serviced residence…
Business
CICT sells stake in CapitaSpring serviced residence component for S$126 million
The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (May 2) announced the sale of its stake in the serviced residence…
Business
Wall Street Gains Momentum with Support from Big Tech Earnings While Investors Watch Trade Developments
Wall Street opened with a surge of optimism on Thursday, as stocks soared and key U.S. indexes posted significant gains. This surge was…
Business
Mapletree Industrial Trust stays defensive, resilient amid global uncertainties
Mapletree Industrial Trust (MIT) will adopt a more defensive leasing strategy and continue to rebalance its portfolio through divestments…
Business
TikTok fined over $600M for illegally sending personal data to China
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and…
Business
After weeks of volatile trading, Friday’s report could set the tone on Wall Street.
May 2, 2025, 6:01 a.m. ET Traders at the New York Stock Exchange on Thursday.Credit...Richard Drew/Associated Press Investors will be…
Business
Singapore shares close higher ahead of GE2025; STI up 0.3%
Stocks on the local bourse ended higher on Friday (May 2), a day before Singaporeans head to the polls. The Straits Times Index (STI)…
Business
Shell Q1 profit drops 28%, beats estimates, keeps share buybacks steady
Shell reported a 28 per cent drop in first-quarter net profit to US$5.58 billion on Friday (May 2), beating analyst expectations, while it…
Business
AirAsia-owner Capital A eyes Hong Kong listing
Malaysia’s Capital A, the owner of budget carrier AirAsia, said on Friday (May 2) it was exploring listing on the Hong Kong stock…
Business
StanChart profit beats as lender weighs impact of tariff war
DARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Business
StanChart Q1 profit beats estimates as lender weighs impact of Trump’s tariff war
Standard Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Business
As Crypto Slips, Dubai Emerges As Next Destination; Draws Thousands to TOKEN2049
The cryptocurrency industry, once propelled by political support and promising regulatory changes, is now facing a slowdown. Earlier this…
Business
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
Business
Asia: Stocks gain after China teases US tariff talks
Asian markets largely rose on Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.…
Business
Climate change takes spice from Indonesia clove farms
Colonial powers once sought to wipe out cloves grown by locals on the eastern Indonesian island of Ternate to safeguard their monopoly…
Business
CapitaLand Investment sinks 8% as counter goes ex-dividend
CapitaLand Investment’s (CLI) shares plunged more than 8 per cent on Friday (May 2) morning, after trading in the company went ex-dividend…
Business
Australia shares hit near two-month high on boost from banks
AUSTRALIAN shares touched a two-month high on Friday, on track for a seven-day rally, as gains in financials overshadowed the decline in…
Business
Stocks to watch: CapitaLand Investment, Nio, MIT, Jardine Cycle & Carriage, iFast, Sasseur Reit, Elite UK Reit
The following companies saw new developments that may affect trading of their securities on Friday (May 2). CapitaLand Investment (CLI):…
Business
iFast receives MAS trust business licence, enhances wealth management capabilities
iFast Corp announced on Friday (May 2) that its global trust, a Singapore-incorporated entity within the group, has been granted a trust…
Business
Apple expects US$900 million tariff hit as shifts US iPhone supply to India
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting…
Business
Apple expects US$900 million tariff hit as it shifts US iPhone supply to India
Apple on Thursday (May 1) reported first-quarter profit above expectations, but warned that US tariffs could cost the company and were…
Business
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
INSTACART forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on…