Business
Scott Bessent Urges Investors to Bet on Trump’s Economic Plan
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp…
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Business
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Saudi Arabia’s deficit widened…
Business
Tyson Foods beats quarterly profit estimates on strong chicken demand
The company witnessed sustained demand for its frozen meat and ready-to-eat food as consumers increasingly preferred eating at home Tyson…
Business
Who is Cardinal Luis Antonio Tagle? A favorite for next pope
Filipino Cardinal Luis Antonio Tagle has emerged as one of the two favorites to become the next pope, but he faces accusations of not…
Business
Procurri Corp moves towards delisting by appointing IFA for privatisation offer
Procurri Corp has appointed Evolve Capital Advisory as the independent financial adviser (IFA) for the acquisition offer from parent…
Business
Investors still harbour hope of Fed’s Powell giving a rate-cut the thumbs up
THE S&P 500 plunged into a bear market in April, then staged an epic recovery, and now the US Federal Reserve will reveal which was the…
Business
SIC proposes changes to takeovers and mergers code to protect competitive process, improve disclosures
The Securities Industry Council (SIC) on Monday (May 5) issued a consultation paper on amendments to Singapore’s Code on Take-overs and…
Business
Sias strongly disagrees with IFA opinion on ‘exploitative’ Sinarmas Land offer; urges offeror to revise bid
David Gerald, the president of Securities Investors Association (Singapore), or Sias, has criticised the offer for Sinarmas Land by the…
Business
Germany's Vossloh to supply rail fastening systems in China deal
A View of the administrative offices of Vossloh Locomotives. Vossloh said its Chinese subsidiary Vossloh Fastening Systems China has been…
Business
Singapore stocks end higher on Monday; STI up 0.2%
Top gainer is DFI Retail Group at US$2.71, while the biggest decliner is Yangzijiang Shipbuilding at S$2.11 Stocks in Singapore ended…
Business
Audi keeps outlook after Q1 sales rise, but tariff impact not included
Volkswagen’s premium brand Audi on Monday (May 5) kept its full-year guidance, with the caveat that any impact from US tariffs was not…
Business
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted…
Business
The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market…
Business
As T-bill, SSB yields fall, here’s where to invest for higher yields: analysts
Yields are steadily declining, which is bad news for investors looking for a safe corner to park their cash. The latest six-month Treasury…
Business
Indigenous Catholics hope the next pope shares Francis' approach to Native people
SIMOJOVEL, Mexico (AP) — At a recent service in the remote southern Mexican community of Simojovel, Catholic and Mayan symbolism mingled…
Business
Dubai Holding kicks off residential Reit IPO in first Dubai listing this year
Dubai Holding, an investment conglomerate owned by the emirate’s ruler, said on Monday (May 5) it plans to list a 12.5 per cent stake in a…
Business
China resumes spot LNG purchases to take advantage of price drop
The move is a u-turn for Chinese LNG buyers, which had reduced imports and resold shipments because expensive gas was not attractive to a…
Business
Netflix co-CEO says India investment has had US$2 billion impact
The world’s largest video streaming platform has been consolidating its position as a premium service in the US$28 billion Indian media…
Business
Wing Tai's Amara foray may not help its own minorities
Minority shareholders of hotel and property group Amara Holdings who did not accept an earlier offer by Amethyst Assets, which closed in…
Business
Vietnam’s main stock exchange launches long-awaited trading system
Vietnam’s Ho Chi Minh Stock Exchange officially launched its new trading system on Monday (May 5), as the country pushes to unlock…
Business
Vietnam launches long-awaited new trading system, moves closer to market upgrade
Vietnam’s Ho Chi Minh Stock Exchange (HoSE), on Monday (May 5), officially rolled out the most comprehensive infrastructure overhaul to…
Business
Bank of Japan sees window for rate hikes narrowing but not closed yet
The Bank of Japan’s (BOJ’s) rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with US…
Business
Green Business: Profit from Saving the Planet
Starting a green business isn’t just a trend—it’s becoming a necessity. With climate change and environmental concerns at the forefront of…
Business
BHP partner says Filo copper discovery is largest in 30 years
Copper mines are getting harder and much more costly to develop, even as global demand for the metal is projected to increase given its…