Business
Trade truce with China is hailed, but it may not be enough to stop shortages
WASHINGTON — China and the United States retreated from an emerging economic crisis on Monday, agreeing to drastically reduce tariffs on…
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Business
Business
Sam Altman's eye-scanning orbs have arrived, sparking curiosity and fear
SAN FRANCISCO — This month, a mysterious store selling a vision of the future opened its doors in downtown San Francisco’s Union Square…
Business
In America's 'salad bowl,' farmers invest in guest worker housing, hoping to stabilize workforce
In Monterey County, growers are building lodging for thousands of guest workers coming in on H-2A visas. Some advocates say it is an…
Business
You Won’t Believe How Much Richer the Trumps Have Gotten This Year
Let’s start with the sum and substance of the judges’ orders. Some 25,000 federal employees will be back at work Monday. One judge’s order…
Business
US: Wall St opens higher ahead of US-China weekend meet
Wall Street’s main indexes opened higher on Friday (May 9) as investors assessed fresh remarks from President Donald Trump regarding US…
Business
Jumbo’s H1 profit down 10.6% at S$7.9 million amid heightened F&B competition
Restaurant operator Jumbo Group reported a 10.6 per cent decline in profit to S$7.9 million for the six months ended March 31, down from…
Business
SIA Engineering H2 net profit up 87.3% at S$70.8 million
SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8…
Business
Nippon Steel expects profit to drop 43% this year, US steel decision by early June
Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global…
Business
ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, decreased…
Business
UMS Integration Q1 earnings nearly flat at S$9.8 million
Semiconductor player UMS Integration on Friday (May 9) reported profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost…
Business
Reckoning with GDP: Accounting Versus Economics
Never confuse an accounting identity with a causal economic relationship. Source link
Business
Commerzbank profit unexpectedly rises in boost to CEO Orlopp
Commerzbank’s first-quarter profit unexpectedly rose to the highest in 14 years as commissions increased, and the German lender set aside…
Business
Aoxin Q&M appoints IFA for offer from Q&M Dental Group
Catalist-listed Aoxin Q&M has appointed Hong Leong Finance as the independent financial adviser (IFA) for the mandatory unconditional cash…
Business
StarHub Q1 profit falls 18.4% to S$31.8 million
Telco StarHub on Friday (May 9) reported profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from…
Business
Our Favorite “Only in New York” Spots
“Only in New York” may be a cliché, but only because it’s so true. For Goings On, in our New York-themed centenary issue, we asked staff…
Business
Mallory McMorrow Wants Power—and Yes, That Is a Good Thing
They were wed in 2017. Although they lived in both Los Angeles and New York, both said McMorrow urged them to settle down in Michigan,…
Business
Singapore stocks rise on US-UK trade deal; STI up 0.7%
Local stocks ended higher on Friday (May 9), as investors reacted positively to news of the US striking a trade deal with the UK – the…
Business
Analysts raise price targets on DBS after Q1 earnings
Analysts raised price targets for shares of DBS, following its first quarter results release on Thursday (May 8). The bank’s net profit at…
Business
Japan's Panasonic targets 10,000 job cuts worldwide
The figure represents around 4% of the firm’s total workforce of nearly 230,000 Japanese electronics giant Panasonic said Friday (May 9)…
Business
Sembcorp, Aster sign over S$650 million in energy and utilities deals for regional projects
Both also ink an MOU to explore strategic initiatives across Singapore, Indonesia and rest of South-east Asia Energy provider Sembcorp…
Business
OCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on…
Business
Foreign banks sell record Indian sovereign debt as tensions rise
Foreign banks sold a record amount of Indian government bonds on Thursday (May 8), as a growing border conflict with Pakistan weighs on…
Business
China’s top chipmaker SMIC plunges after projecting lower sales
Semiconductor Manufacturing International Corporation (SMIC) plunged on Friday (May 9) after China’s leading chipmaker warned sales could…
Business
OCBC keeps 2025 guidance, but loan growth targets could be buffeted by headwinds: CEO Helen Wong
OCBC is keeping its financial targets for 2025, but noted that its loan growth guidance of a mid-single digit will likely see the most…