Business
Wilmar reports higher earnings for Q1 2025 on better performance from business segments, associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a…
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Business
Business
Singapore stocks end lower; STI down 0.2%
Stocks on the local bourse closed slightly lower on Tuesday (Apr 29) after US President Donald Trump’s administration said it will move to…
Business
Will ComfortDelGro win the point-to-point 2.0 race against Grab?
Grab’s entry into Singapore’s taxi market is likely to give the leading incumbent ComfortDelGro a run for its money. Studies have shown…
Business
Trade war may lower growth and inflation in eurozone, ECB’s Cipollone says
A GLOBAL trade war could lower both economic growth and inflation in the eurozone, and it could have an “unambiguously recessionary…
Business
Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm
The pitch from “ZMoney” arrived on the encrypted messaging app Signal just days before Donald J. Trump’s presidential inauguration.…
Business
Temasek’s Gabriel Lim to lead Seviora Holdings as CEO
Temasek Holdings’ head of corporate strategy Gabriel Lim will exit his post to lead the Temasek-owned asset management group Seviora…
Business
IHH Healthcare signs S$300 million sustainability-linked loan with UOB
Integrated healthcare operator IHH Healthcare has signed its first S$300 million sustainability-linked loan with UOB, strengthening its…
Business
Norway wealth fund CEO sees potential in real estate, renewable assets
Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s…
Business
Google parent Alphabet kicks off sale of debut euro bonds
Google parent Alphabet is looking to raise at least 2.5 billion euros (S$3.72 billion) from a debut euro bond sale on Tuesday (Apr 29),…
Business
CGSI upgrades OUE Reit to ‘add’ on improved outlook
CGS International (CGSI) has upgraded its recommendation for OUE Reit to “add” from “hold”, and raised its price target marginally to…
Business
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst…
Business
Lufthansa confirms 2025 outlook, braces for possible trade fallout
German airline Lufthansa on Tuesday (Apr 29) confirmed its operating result forecast for 2025, offering what analysts deemed a more…
Business
Carlsberg maintains full-year outlook, warns of volatile consumer sentiment
Carlsberg expects between 1% and 5% growth in organic operating profit for the current year [COPENHAGEN/LONDON] Danish brewer Carlsberg on…
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…
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…