Business
Singapore banks set aside extra allowances to account for heightened uncertainty
The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic…
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Business
Business
DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty
The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic…
Business
Nvidia modifies H20 chip for China to overcome US export controls: sources
Nvidia plans to release a downgraded version of its H20 artificial intelligence (AI) chip for China in the next two months, following US…
Business
Direct impact of trade tariffs affects about 3% of OCBC’s loan book; portfolio remains ‘resilient’
Current trade tariffs are expected to have a “first-order impact” on 3 per cent of OCBC’s loan book, group chief financial officer Goh…
Business
Asia: Stocks lifted by hopes for US-China talks after UK deal
Most Asian equities rose on Friday (May 9) on growing optimism that the worst of US President Donald Trump’s trade war is past after he…
Business
Nissan drops plan for Fukuoka battery plant to focus on recovery
The company is betting on a broad restructuring and new leadership team helmed by chief executive officer Ivan Espinosa, who took office…
Business
Indonesia seeks to end rice imports this year as output jumps
Indonesia is set to stop importing rice this year for the first time in decades, thanks to surging production and stockpiles in one of the…
Business
SEC seeks to settle legal fight with Ripple Labs for US$50 million
The SEC has dismissed or paused several other legal cases and investigations targeting crypto companies since US President Donald Trump…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Business
F&N H1 net profit rises 0.3% to S$84.1 million as tax incentive expires
Fraser and Neave (F&N) posted a 0.3 per cent rise in net profit to S$84.1 million for its first half ended Mar 31, from S$83.8 million a…
Business
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million…
Business
Disney to Build First New Theme Park in 15 Years
Get ready for Disney magic in the Middle East! For the first time in 15 years, Disney is set to unveil an all-new theme park, unlike…
Business
ST Engineering posts 8% rise in Q1 revenue to S$2.9 billion
ST Engineering’s revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding…
Business
Luxury labels ditch steep China discounts to rebuild brand value
Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy…
Business
Why 'Leo'? New pope shows support for workers, labor unions
On Thursday, Cardinal Robert F. Prevost was introduced to the world as the 267th pontiff of the Roman Catholic Church and the first…
Business
Oil prices rise 3% on support from US-China trade hopes
Oil prices rose around 3 per cent on Thursday (May 8), buoyed by hopes of a breakthrough in looming trade talks between the US and China,…
Business
Singapore orders two more submarines from Germany's TKMS in Kiel
German submarine builder Thyssenkrupp Marine Systems (TKMS) intends to build two additional submarines for Singapore. A contract has been…
Business
Musk-Tied Investor Clashes With One of World’s Biggest Asset Managers
A prominent Silicon Valley investor is in a bitter dispute with his former employer, one of the world’s largest asset managers, accusing…
Business
Mexican executives cheer Rowan for pushing U.S.-Mexico deal
Mexican business leaders and executives lauded statements from Apollo Global Management Inc. Chief Executive Marc Rowan emphasizing the…
Business
The Consumer Financial Protection Bureau Must Go
The law finally demands that the CFPB, after over a decade in existence as an exception to the Constitution, be defunded. Source link
Business
Boy Accidentally Orders 70,000 Lollipops on Amazon. Panic Ensues.
On Sunday morning, as Holly LaFavers was preparing to go to church, a delivery worker dropped off a 25-pound box of lollipops in front of…
Business
US: Wall St opens higher ahead of potential US-UK deal announcement
Wall Street’s main indexes opened higher on Thursday (May 8) on news that the United States was on the verge of signing a trade agreement…
Business
Minimalist Hotels announces plan to add 20 new properties in India
Minimalist Hotels has announced an expansion plan to add 20 new properties across India over the next two years. The lifestyle hotel brand…
Business
Tesla’s China EV sales decline 6% YoY in April
Tesla's China-made electric vehicle (EV) sales saw a 6% year-on-year decline in April, a continuation of a seven-month downward trend,…