Posts by Kim Browne
Maybank cuts view on Malaysian banking sector to ‘neutral’ as tariffs, slower GDP weigh on earnings
[SINGAPORE] Maybank Investment Bank has downgraded its rating for the Malaysian banking sector to “neutral”, from “positive” previously, due to slower gross domestic product growth, subdued earnings prospects, and macroeconomic uncertainty. Despite the downgrade, the bank’s analyst, Desmond Ch’ng, said in a note on Tuesday (Jun 3) that Maybank still recommended “buy” calls for Public…
Read MorePing An Insurance raises US$1.5 billion from convertible bonds
[HONG KONG] Ping An Insurance (Group) of China has sold HK$11.8 billion (S$1.9 billion) in bonds that can be converted into shares listed in Hong Kong, marking the insurance giant’s second such offering in under a year. The convertible bonds carry a zero coupon and are due in 2030, according to a company filing in…
Read MoreJapan’s top banks said to mull joint ATM operation to cut costs
Published Wed, Jun 4, 2025 · 11:29 AM [TOKYO] MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank are considering jointly operating automated teller machines (ATMs) to reduce costs, said sources familiar with the matter. The units of Japan’s three biggest banking groups are discussing details of joint operation, said the sources, who asked not to…
Read MoreGlobal carriers pile on India capacity as US-Europe traffic drops
[LONDON] The skies above India are about to get a lot busier as international carriers add more routes to the world’s most-populated nation to make up for tepid transatlantic demand that’s come under pressure from global economic uncertainties. Foreign airlines and the biggest Indian operators announced a range of plans at the International Air Transport…
Read MoreNio records US$949.6 million net loss for Q1
[SINGAPORE] Chinese electric vehicle maker Nio posted a net loss of US$949.6 million for its first quarter of 2025 ended March, representing a 31.1 per cent increase from the year-ago period and a 3.4 per cent decrease from the previous quarter. This comes despite the group recording higher total revenue for the quarter, at US$1,658.4…
Read MoreStoneweg E-Reit announces strategic stapling to form stapled trust
On completion of the proposed stapling, the stapled entity will be named ‘Stoneweg Europe Stapled Trust’ or Sert for short [SINGAPORE] The manager of Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit) on Wednesday (Jun 4) announced that the Reit will be converted into a stapled group. Each unit of Stoneweg E-Reit will be stapled…
Read MoreEx-Ubisoft executive on trial denies seeing office harassment
[BOBIGNY, France] A former executive at French video game giant Ubisoft, on trial with two others for alleged sexual and psychological harassment of employees, denied on Tuesday witnessing any abuse in the office. Serge Hascoet, the company’s former chief creative officer, said that he had been unaware of incidents that prompted several employees to complain…
Read MoreEurope: Shares flat amidst inflation data, trade jitters
EUROPE’S benchmark stock index ended little changed on Tuesday, as investors ceded ground under the dual pressure of softening economic indicators and persistent global trade anxieties. The pan-European Stoxx 600 closed flat at 548.42 points. Stocks in Germany rose 0.7 per cent, while those in France gained 0.3 per cent. London’s FTSE edged up 0.1 per…
Read MoreICE Arrests Entire Family of Colorado Attack Suspect in Shocking Move
Immigration and Customs Enforcement officials have arrested the entire family of the suspect involved in Sunday’s attack in Boulder, Colorado, after also revoking their visas. “Today the Department of Homeland Security and ICE are taking the family of suspected Boulder, Colorado, terrorist and illegal alien Mohamed Soliman into ICE custody,” Homeland Security Secretary Kristi Noem…
Read MoreHegseth Marks Pride With Plan to Rename Ship Named for Harvey Milk
Newark Mayor Ras Baraka is suing New Jersey’s acting Attorney General Alina Habba and a Department of Homeland Security special agent on allegations of false arrest and malicious prosecution, following the dismissal of trespassing charges Habba had levied against him. In the 17-page filing Tuesday, Baraka’s lawyers claimed that the Democratic mayor had been invited…
Read MoreElon Musk Completely Torches Trump’s Big Beautiful Budget Bill
Newark Mayor Ras Baraka is suing New Jersey’s acting Attorney General Alina Habba and a Department of Homeland Security special agent on allegations of false arrest and malicious prosecution, following the dismissal of trespassing charges Habba had levied against him. In the 17-page filing Tuesday, Baraka’s lawyers claimed that the Democratic mayor had been invited…
Read MoreKaroline Leavitt Admits Trump Is Begging Leaders to Make Trade Deals
Newark Mayor Ras Baraka is suing New Jersey’s acting Attorney General Alina Habba and a Department of Homeland Security special agent on allegations of false arrest and malicious prosecution, following the dismissal of trespassing charges Habba had levied against him. In the 17-page filing Tuesday, Baraka’s lawyers claimed that the Democratic mayor had been invited…
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