Business
BP reports lower-than-expected profit of US$1.4b
It fell below the US$1.53 billion expected by analysts in a company-provided poll missed forecasts on Tuesday (Apr 29) with an underlying…
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Business
Business
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell…
Business
Deutsche Bank posts 39% rise in first-quarter profit
Deutsche Bank on Tuesday posted a 39 per cent rise in first-quarter profit after its global investment banking division generated a big…
Business
HSBC Q1 profit drops 25%; launches US$3 billion share buyback
launched a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit on Tuesday due to one time charges…
Business
Denny Hamlin Blasts Ross Chastain For 'Bulls--t Racing' In Talladega
By Lydia Mee is a contributing sports writer located in the West Midlands, England. Her focus is on F1 and NASCAR. She has in-depth…
Business
China still backs overseas coal plants despite 2021 pledge, research shows
Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas,…
Business
Gold falls on easing trade war concerns; US data awaited
Gold prices fell on Tuesday (Apr 29) as easing trade tensions between the US and its trading partners dented the metal’s safe-haven…
Business
Amara surges 27% to all-time high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024 Shares of hotel group…
Business
RFK Racing Issues Statement With Preece Disqualification Appeal Decision
By Lydia Mee is a contributing sports writer located in the West Midlands, England. Her focus is on F1 and NASCAR. She has in-depth…
Business
China’s CICC eyes Middle East, South-east Asia in global push
China International Capital Corporation (CICC), one of the nation’s largest brokerages, is seeking to tap the growing demand for…
Business
Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than…
Business
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million United Overseas Insurance (UOI), the general…
Business
Stocks to watch: CapitaLand Ascendas Reit, Sats, Frasers Centrepoint Trust, First Sponsor, Stoneweg Reit, UOI, LMIRT
The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 29): CapitaLand Ascendas Reit…
Business
Power being restored to Spain and Portugal as cause investigated
A massive power outage that has caused chaos in Spain and Portugal is beginning to be fixed but many remained without electricity on…
Business
Three Abu Dhabi giants plan stablecoin backed by UAE’s currency
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price…
Business
Brent crude oil prices drop on demand fears
Brent crude oil prices fell more than US$1 a barrel on Monday morning as economic worries from the US-China trade war were pressuring…
Business
Amazon to Launch First Project Kuiper Internet Satellites: What to Know
The battle of billionaires in space between Jeff Bezos and Elon Musk is ready to enter a new arena: satellite internet. Amazon, the…
Business
How Spain and Portugal’s economies could be hit by the blackout
Many workers were forced to leave their posts in Spain and Portugal on Monday after a major power cut affected phone lines, internet…
Business
US: Stocks open higher as busy week for earnings, data kicks off
[new york] Wall Street’s main indexes opened slightly higher on Monday (Apr 28), as investors braced for a week packed with key economic…
Business
Brazil's government aims to raise $2 billion in financing with new Eco Invest auction
By Bernardo Caram BRASILIA (Reuters) - The government of President Luiz Inácio Lula da Silva expects to raise $2 billion in financing for…
Business
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture…
Business
First Sponsor reports subdued market sentiments affecting China property development in Q1 2025
It remains cautiously optimistic that government support this year will contribute to gradual market recovery in country First Sponsor…
Business
Stoneweg Reit signs lease and upgrade deals with NN Group for office building in The Hague
Stoneweg European real estate investment trust (Reit) has signed a 20-year lease renewal with NN Group for Haagse Poort, a…
Business
Stoneweg European Reit Q1 DPU falls 3.7% to 3.374 euro cents
The distribution per unit (DPU) of Stoneweg European Real Estate Investment Trust (SERT) declined 3.7 per cent to 3.374 euro cents for the…