Business
Deutsche Bank plans SRT deal tied to US$3 billion corporate loans
Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people…
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Business
Business
Morgan Stanley says Singapore market is a ‘safe haven’, raises price target for this sector
Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a…
Business
OnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion,…
Business
Yangzijiang Shipbuilding down 6.1% amid steep fall in Q1 order wins
The shipbuilder’s Q1 order wins make up just 5% of its US$6 billion target for FY2025 Shares of Chinese vesselmaker Yangzijiang…
Business
China EV maker XPeng set to turn profitable, says CGSI, lifting target price for the stock
Chinese EV maker XPeng could soon turn profitable, as strong vehicle sales and consensus-beating financials paint a bullish outlook,…
Business
Asia: Stocks bounce back after Treasury-led sell-off
Asian equities stabilised on Friday following the previous day’s US bond-fuelled sell-off with traders tracking a slight pullback in…
Business
Analysts bullish on BYD as it overtakes Tesla
Analysts are getting bullish on BYD as the Chinese automaker’s soaring exports, rising global presence and cost competitiveness signal…
Business
Gold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating…
Business
Lagarde says international trade will never be the same
PEAN Central Bank President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even…
Business
Nomura raises top executives’ pay to highest in over a decade
RA Holdings increased pay for its top executives to the highest in more than a decade, as Japan’s biggest brokerage posted a record annual…
Business
Metro sinks into the red with H2 net loss of S$228.1 million on lower revenue
Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversingfrom a S$6.4 million net profit in…
Business
Stocks to watch: Yangzijiang Shipbuilding, Metro
The following companies saw new developments that may affect trading of their securities on Friday (May 23). Yangzijiang Shipbuilding: The…
Business
Bank of Japan to closely watch bond market situation: governor
[BANFF, Canada] Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will closely monitor the bond market amid surging…
Business
UBS raises S&P 500 year-end target, eyes more gains in 2026
Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of…
Business
Oil prices settle down on potential further increase in Opec+ output
Oil prices settled lower on Thursday as investors weighed a report that Opec+ is discussing a production increase for July, stoking…
Business
Europe: Stocks pressured by rising bond yields, weak economic data
EUROPEAN stocks fell on Thursday as concerns over US fiscal health kept Treasury yields elevated, while data showing weak euro zone…
Business
US: Stocks mixed as bond yields moderate
Wall Street stocks finished mixed on Thursday as US Treasury bond yields moderated following House passage of President Donald Trump’s…
Business
Peru court rules in favor of Kichwa territorial rights in the Amazon
BOGOTA, Colombia (AP) — Peru’s top court has issued a landmark ruling recognizing the territorial rights of the Kichwa people within a…
Business
The Hamptons of Portugal Is About to Get Dose of Vincent Van Duysen’s Zen Brutalism
Flemish designer and architect Vincent Van Duysen has used his instincts for Zen Brutalism to envisage an architectural marvel of a…
Business
EXCLUSIVE: Meet Zure Solaris, the Brand Writing the ‘Next Chapter in Sun Care’ With Post-exposure Products
The latest innovation in sun care is going beyond SPF. On Thursday, Zure Solaris, a post-sun exposure skin and body care brand, launched…
Business
AI could account for nearly half of data centre power usage ‘by end of year’
Artificial intelligence systems could approach accounting for half of data centre power consumption by the end of this year, according to…
Business
Tesla Loses Key Status Marker as Elon Musk Backlash Ramps Up
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans…
Business
Over a Dozen Officials Dumped Stocks Just as Trump Crashed the Market
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans…
Business
Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billion Ralph Lauren surpassed quarterly revenue…