Business
Trump’s tariff chaos becomes US$700 billion storm for big banks
Financial services are excluded from Donald Trump’s trade war for now. Banks are still feeling the pain. HSBC Holdings’s market value has…
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Business
Business
German consumer body opposes EU plans to cut airline liability
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
UOB to inject fresh capital of 2 trillion dong into Vietnam unit, build new headquarters in Ho Chi Minh City
United Overseas Bank (UOB) said on Tuesday (Apr 8) that it will inject additional fresh capital of two trillion dong (S$104 million) into…
Business
SGX securities turnover value up 25% in March, volume down 23%
The total securities market turnover value on the Singapore Exchange (SGX) increased 25 per cent year on year to S$29.7 billion in March,…
Business
Rich Asian investors opt to unwind holdings amid margin calls
Some wealthy clients at Asia’s top private banks are opting to unwind part of their equity investments instead of topping up collateral…
Business
Swiss watchdog backs UBS plan to limit investment bank amid capital rule debate
The head of Switzerland’s financial watchdog signalled he is in favour of UBS Group’s offer to limit the size of its investment bank,…
Business
Resolving succession at Kwek Leng Beng's Hong Leong Finance
Succession troubles surfaced recently at local-listed property and hotel group City Developments Limited (CDL), when executive chairman…
Business
The Bleak, Defeatist Rise of “Climate Realism”
The prescriptions that flow from those assessments are bleak. Naturally, Wall Street is looking to find investment opportunities and avoid…
Business
Singapore shares settle lower on Tuesday; STI down 2%, bucks regional indices rebound
Across the broader market, gainers beat decliners 362 to 234, with 2.4 billion shares worth S$3.5 billion transacting The Straits Times…
Business
CDL group CEO Sherman Kwek gives up long-term incentive of S$1.35 million; total compensation for FY2024 down 15.4%
City Developments Ltd (CDL) group chief executive officer Sherman Kwek has voluntarily forgone his long-term incentive grant of S$1.35…
Business
IBM launches new mainframe in bet that some data stays local
The intense computational requirements of generative AI have increased demand for many kinds of tech hardware International Business…
Business
Venture capitalist Finian Tan of US$33.3m duped in alleged nickel scam
Well-known venture capitalist Finian Tan told the High Court on Tuesday (Apr 8) that he was red-faced by the loss to alleged fraudster Ng…
Business
Finian Tan on US$33.3 million duped in alleged nickel scam
Well-known venture capitalist Finian Tan told the High Court on Tuesday (Apr 8) that he was red-faced by the loss to alleged fraudster Ng…
Business
Clean power offers safety to China investors rattled by tariffs
Investors traditionally turn to utilities during times of market upheaval thanks to their relatively stable revenue sources China’s clean…
Business
Imran Khan supporters share manipulated clip of former chief justice
Imran Khan's political party has publicly criticised retired Supreme Court chief justice Qazi Faez Isa of bias in handling legal cases…
Business
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as US President…
Business
Japan’s Seven & i seen booking 24% fall in Q4 profit, adding to takeover pressure
Japanese retailer Seven & i Holdings is set to record a 24 per cent drop in quarterly profit on Wednesday (Apr 9) as underperformance of…
Business
Frasers Centrepoint Trust launches preferential offering at S$2.05 apiece
The manager of Frasers Centrepoint Trust on Tuesday (Apr 8) announced the launch of a preferential offering at S$2.05 per unit. The issue…
Business
Chinese state funds plan to buy stocks as market rout deepens
Chinese officials have been discussing front-loading potential stimulus to offset the impact of tariffs China’s state-backed funds are…
Business
India says ‘no’ to BYD while wooing rival Tesla to invest
With a 100 per cent duty on fully built vehicles – by far the highest among major economies – the country has long shielded domestic…
Business
Binance founder Zhao to help Pakistan boost crypto trading bid
Crypto trading is steadily gaining traction among Pakistan’s 230-million population despite its central bank’s warning over the risks…
Business
Tokyo: Nikkei jumps 6%, rebounds from 1-1/2-year low on US tech boost
Japan’s Nikkei share average rose 6 per cent on Tuesday in a widespread rally, rebounding from a 1-1/2-year low hit in the previous…
Business
Tokyo: Nikkei ends 6% higher on market recovery hopes
Japan’s Nikkei share average closed 6 per cent higher on Tuesday (Apr 8), recovering from a 1½ -year low hit in the previous session, as…
Business
Chinese shipping earnings face ‘harder-than-expected’ tariff hit as recession risks rise
Chinese shippers may see an outsized hit on earnings as the latest tariffs from US President Donald Trump risk hammering global trade.…