Business
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million United Overseas Insurance (UOI), the general…
Section
Business
Business
Stocks to watch: CapitaLand Ascendas Reit, Sats, Frasers Centrepoint Trust, First Sponsor, Stoneweg Reit, UOI, LMIRT
The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 29): CapitaLand Ascendas Reit…
Business
Power being restored to Spain and Portugal as cause investigated
A massive power outage that has caused chaos in Spain and Portugal is beginning to be fixed but many remained without electricity on…
Business
Three Abu Dhabi giants plan stablecoin backed by UAE’s currency
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price…
Business
Brent crude oil prices drop on demand fears
Brent crude oil prices fell more than US$1 a barrel on Monday morning as economic worries from the US-China trade war were pressuring…
Business
Amazon to Launch First Project Kuiper Internet Satellites: What to Know
The battle of billionaires in space between Jeff Bezos and Elon Musk is ready to enter a new arena: satellite internet. Amazon, the…
Business
How Spain and Portugal’s economies could be hit by the blackout
Many workers were forced to leave their posts in Spain and Portugal on Monday after a major power cut affected phone lines, internet…
Business
US: Stocks open higher as busy week for earnings, data kicks off
[new york] Wall Street’s main indexes opened slightly higher on Monday (Apr 28), as investors braced for a week packed with key economic…
Business
Brazil's government aims to raise $2 billion in financing with new Eco Invest auction
By Bernardo Caram BRASILIA (Reuters) - The government of President Luiz Inácio Lula da Silva expects to raise $2 billion in financing for…
Business
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture…
Business
First Sponsor reports subdued market sentiments affecting China property development in Q1 2025
It remains cautiously optimistic that government support this year will contribute to gradual market recovery in country First Sponsor…
Business
Stoneweg Reit signs lease and upgrade deals with NN Group for office building in The Hague
Stoneweg European real estate investment trust (Reit) has signed a 20-year lease renewal with NN Group for Haagse Poort, a…
Business
Stoneweg European Reit Q1 DPU falls 3.7% to 3.374 euro cents
The distribution per unit (DPU) of Stoneweg European Real Estate Investment Trust (SERT) declined 3.7 per cent to 3.374 euro cents for the…
Business
LMIRT Q1 net property income dips 2.4% to S$29.2 million
Lippo Malls Indonesia Retail Trust (LMIRT) on Monday (Apr 28) posted a 2.4 per cent decline in net property income to S$29.2 million for…
Business
Investing in influencers – Azure Capital partners Gushcloud in fund to support creators, with up to 12.5% returns
The Azure-Gushcloud Entertainment Finance Fund, launched in February 2025, has successfully reached its initial target of raising S$10…
Business
Ant Group enters brokerage business with HK$2.81 billion Bright Smart buy
Ant Group, an affiliate of China’s e-commerce giant Alibaba Group, is buying a HK$2.81 billion (S$476 million) controlling stake in Bright…
Business
CapitaLand Ascendas Reit reports positive rental reversions despite dip in occupancy in Q1
CapitaLand Ascendas Real Estate Investment Trust (Clar) reported a growth in portfolio rental reversions of 11 per cent in the first…
Business
China claims no need for US grain as Brazil supplies grow
China’s grain supply will not be affected by a loss of US feed grain and oilseed imports, thanks to abundantly available substitutes on…
Business
Sats’ WFS opens US$270 million cargo terminal at JFK Airport
Worldwide Flight Services (WFS) has partnered the Port Authority of New York and New Jersey and global investment manager Realterm to open…
Business
The Impossible Contradictions of Mark Twain
In 1857, Sam stumbled into the job that would shape his identity. Aboard a southbound steamboat—part of some half-baked scheme involving…
Business
China approves construction of ten new nuclear reactors
China has approved the construction of ten new nuclear reactors, making 2025 the fourth consecutive year that it has endorsed the…
Business
Singapore stocks close lower on Monday; STI falls 0.3%
The biggest decliner on the index is UOB, and the top gainer is Yangzijiang Shipbuilding Shares on the Singapore market ended lower on…
Business
Singapore Savings Bond demand falls short by over S$200 million; 10-year return down at 2.69%
The latest tranche offers a first-year interest rate of 2.49%, declining from 2.73% in April’s issuance The latest Singapore Savings Bond…
Business
Honda global vehicle output drops 9% in Q1
Japanese automaker Honda Motor Company reported a 3.4% fall in global production to 329,664 units in March 2025, from 341,092 units in the…