Business
RBI’s record US$31.6 billion payout to bolster government finances
A bonanza from the central bank will help meet the government’s 4.4% fiscal deficit target for the current financial year India’s central…
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Business
Business
The Hour Glass H2 profit falls 6% to S$74.4 million on increased operating expenses
The Hour Glass has reported a 6 per cent drop in net profit to S$74.4 million in the six months ended March 2025, from S$79.5 million in…
Business
Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ Trust Bank on Friday (May…
Business
Sats Q4 profit rises 18.3% to S$38.7 million
In-flight caterer Sats on Friday (May 23) reported net profit of S$38.7 million for the three months ended Mar 31, 2025, gaining 18.3 per…
Business
Manulife US Reit gets nod to extend asset disposal deadline to Dec 31
The manager of United States office real estate investment trust (Reit) Manulife US Reit (MUST) on Friday (May 23) announced it has…
Business
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that…
Business
STI inches up on Friday, tracking regional indices
The Straits Times Index (STI) edged up on Friday (May 23), tracking regional indices. The STI closed up 0.1 per cent or 2.33 points at…
Business
Eco-Shop jumps on debut, minting a new Malaysian billionaire
Shares of discount-chain Eco-Shop Marketing gained on their debut on Friday (May 23) as Malaysia’s biggest initial public offering of the…
Business
Great Eastern gets another extension to Jun 8 to announce plan to restore free float
It will update shareholders on the finalised proposal shortly, no later than Jun 8 Great Eastern Holdings has been granted yet another…
Business
Cyclical, structural factors can affect current advantage of US dollar assets although outlook is stable for now: MAS chief
The outlook for the structural advantage of US dollar assets looks to be relatively stable at present, said Monetary Authority of…
Business
RedBird Capital agrees to a £500 million deal to buy UK’s Telegraph newspaper
The current government’s decision to allow foreign state-owned investors to own up to 15% of British newspaper publishers helped unlock a…
Business
Deutsche Bank plans SRT deal tied to US$3 billion corporate loans
Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people…
Business
Morgan Stanley says Singapore market is a ‘safe haven’, raises price target for this sector
Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a…
Business
OnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion,…
Business
Yangzijiang Shipbuilding down 6.1% amid steep fall in Q1 order wins
The shipbuilder’s Q1 order wins make up just 5% of its US$6 billion target for FY2025 Shares of Chinese vesselmaker Yangzijiang…
Business
China EV maker XPeng set to turn profitable, says CGSI, lifting target price for the stock
Chinese EV maker XPeng could soon turn profitable, as strong vehicle sales and consensus-beating financials paint a bullish outlook,…
Business
Asia: Stocks bounce back after Treasury-led sell-off
Asian equities stabilised on Friday following the previous day’s US bond-fuelled sell-off with traders tracking a slight pullback in…
Business
Analysts bullish on BYD as it overtakes Tesla
Analysts are getting bullish on BYD as the Chinese automaker’s soaring exports, rising global presence and cost competitiveness signal…
Business
Gold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating…
Business
Lagarde says international trade will never be the same
PEAN Central Bank President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even…
Business
Nomura raises top executives’ pay to highest in over a decade
RA Holdings increased pay for its top executives to the highest in more than a decade, as Japan’s biggest brokerage posted a record annual…
Business
Metro sinks into the red with H2 net loss of S$228.1 million on lower revenue
Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversingfrom a S$6.4 million net profit in…
Business
Stocks to watch: Yangzijiang Shipbuilding, Metro
The following companies saw new developments that may affect trading of their securities on Friday (May 23). Yangzijiang Shipbuilding: The…
Business
Bank of Japan to closely watch bond market situation: governor
[BANFF, Canada] Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will closely monitor the bond market amid surging…