Business
US dollar benefits from selling exhaustion, ECB cuts rates
THE US dollar rallied on Thursday (Apr 17) after its recent weakness across peer currencies appeared exhausted for the time being, while…
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Business
Business
World economy likely to avoid recession despite tariffs, IMF chief says
The global economy is likely to avoid a recession, despite the hit to growth from US President Donald Trump’s tariff rollout, the head of…
Business
Nickel scam accused’s buying spree extends to S$8 million on semi-detached house, S$2 million on art pieces: witnesses
Ng Yu Zhi spent S$8 million on a semi-detached house and splurged S$2 million on a total of 41 works of art, allegedly using the…
Business
US: S&P 500, Nasdaq open higher; UnitedHealth weighs on Dow
The S&P 500 and the Nasdaq opened higher on Thursday (Apr 17), with focus on US-Japan tariff talks, while a slump in UnitedHealth’s shares…
Business
Economists Face a Legitimacy Crisis
Economists have slowly eroded their reputation as an intellectual class. Is there a solution? Source link
Business
AmEx profit rises on resilient card spending
Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier American Express reported a 6…
Business
Chinese tea chain Chagee CEO becomes a billionaire after US$411 million US IPO
A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as…
Business
ECB cuts rates again to help economy weather erratic US trade policy
The European Central Bank cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already struggling…
Business
‘Fallacy’ to say OCBC does not know insurance business: board chairman
It will be a fallacy to say that OCBC does not know the insurance business, given that its insurance arm, Great Eastern Holdings (GEH),…
Business
OCBC Centre is ‘anchor’ for the bank; no plans to sell heritage site: board chairman
OCBC has no plans to sell its properties in Singapore’s central business district – and this includes the OCBC Centre, which has heritage…
Business
Blackstone's Q1 profit beats on robust private equity, credit performance
Blackstone reported a higher-than-expected profit for the first quarter on Thursday (Apr 17), driven by proceeds from asset sales across…
Business
Egypt's Suez Canal revenue fell sharply in 2024 on regional tensions
Egypt’s revenue from the Suez Canal plunged by almost two thirds last year, officials said on Wednesday, attributing the sharp drop to…
Business
Singapore shares settle higher on Thursday; STI extends rally, up 1.6%
The benchmark index’s gains mirror major regional indices, such as the Kospi, which rose 0.9% The Straits Times Index (STI) continued to…
Business
U.S.-China trade war threatens to upend not only the American economy but the global order
As President Trump pushes the United States into a trade war with China, the trade-offs are often described as higher consumer prices and…
Business
Tariff-fuelled volatility killing private equity optimism as deal flows squeezed
In just three months, private equity markets’ initial optimism for a busier year has largely dissipated. Instead, the turmoil unleashed on…
Business
DP World continues expansion in Brazil
Logistic giant DP World has opened a new freight forwarding office in the Brazilian city of São Paulo. The new location in the Jardim…
Business
Man shares DNA test for "big boy" dog, turns out he's a wolf
A TikToker has gained viral attention after sharing the results of his 100-pound canine's DNA test, proving that he is in fact part wolf.…
Business
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it…
Business
SIA launches joint fare products with All Nippon Airways on Singapore-Japan flights
Singapore Airlines (SIA) and All Nippon Airways (ANA) will begin operating revenue-sharing flights between Singapore and Japan from…
Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
ECB to cut rates again to help economy overcome trade turmoil
The European Central Bank (ECB) is expected to cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up…
Business
Asia: Markets boosted by ‘Big Progress’ in Japan tariff talks
Tokyo led stocks higher on Thursday (Apr 17) as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell’s warning…
Business
Bank of Korea holds rate steady after inflation sped up and won wobbled
The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and…
Business
Bank of Korea holds rate steady while citing big rise in downside risks
The Bank of Korea (BOK) kept its benchmark interest rate steady while citing a significant increase in downside risks to growth that have…