Business
UOB misses expectations with Q1 profit flat at S$1.49 billion
UOB’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday (May 7). Net profit for the three months…
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Business
Business
Decagon CEO On Startup Growth Strategies
The conversation centered on the journey of a startup founder who has built two companies, highlighting lessons learned from early…
Business
'Shared border also means shared responsibility,' Austria tells Merz
Austrian Chancellor Christian Stocker has congratulated fellow conservative Friedrich Merz on being elected the 10th chancellor of modern…
Business
Pony.ai Stock Jumps After Major Robotaxi Deal with Uber
Uber (NYSE:UBER) and Pony.ai (NASDAQ:PONY) unveiled a strategic partnership Tuesday to launch autonomous robotaxi services in the Middle…
Business
US: Wall St opens lower on fresh tariff threats
Wall Street’s main indexes opened lower on Tuesday, after US President Donald Trump’s latest plans for pharma tariffs further dampened…
Business
The Stakes for OpenAI’s Plan B
OpenAI backtracks OpenAI’s decision to scale back its ambitious corporate reorganization has drawn lots of scrutiny, including what the…
Business
Citigroup to partner with Swiss bourse in private markets push
Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for…
Business
A Czech court blocks the signing of a deal with South Korea’s KHNP to build 2 nuclear reactors
PRAGUE (AP) — A court in the Czech Republic blocked on Tuesday the government from signing a deal with South Korea’s KHNP to build at…
Business
Hong Kong launches new measures to attract more tech, bio listings
Hong Kong is the main destination for mainland Chinese firms looking to raise capital offshore Hong Kong launched a scheme on Tuesday (May…
Business
Sats names first chief digital officer to lead global digitalisation initiatives
Catering and ground handling company Sats on Tuesday (May 6) announced the appointment of Sandeep Sakharkar as chief digital officer, a…
Business
Singapore shares end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the benchmark index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most Stocks on…
Business
MPACT should sell Festival Walk or merge to get more Singapore-centric
SINGAPORE’S largest mall, VivoCity, with over a million square feet of lettable area, is much loved by shoppers. However, the mall’s owner…
Business
Lamborghini quarterly revenue up 29.6% as hybrid models boost deliveries
Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6 per cent jump in revenue to 895.2 million euros (S$1.3 billion),…
Business
Fashion retailer Hugo Boss reports better-than-expected Q1 revenue
The company posted first-quarter revenue of 999 million euros (S$1.46 billion), slightly below the 1.01 billion euros a year earlier…
Business
Why a US-listed video game firm is paying a premium for a Singapore-based tech products distributor
For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and…
Business
Why a US-listed video game firm is paying a premium to take Ban Leong private
For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and…
Business
DoorDash agrees to buy Deliveroo in US$3.9 billion deal
DoorDash has agreed to buy UK-based food-delivery platform Deliveroo for an equity value of about US$3.9 billion, as the US company pushes…
Business
Keppel DC Reit names Low Huan Ping as lead independent director amid board changes
Keppel DC Real Estate Investment Trust (Reit) has announced director Low Huan Ping as new lead independent director and chairman of…
Business
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s…
Business
Accounts Payable: Pay Now or Pay Later?
Managing accounts payable (AP) is a vital part of running a business. It involves tracking what a company owes its suppliers for goods and…
Business
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Sumitomo Mitsui…
Business
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51…
Business
Hong Kong’s freight forwarding industry hit by trade war, SCMP reports
Hong Kong’s freight forwarding industry is reeling from the US-China trade war with 41 per cent of container capacity from the city to…
Business
Income-Allianz deal timeline: A recap of the proposed S$2.2 billion sale
The proposed S$2.2 billion deal involving the sale of Singapore’s Income Insurance to German insurer Allianz – which the government…