Business
China’s CATL set to price shares at HK$263 each in US$4.6 billion Hong Kong listing: sources
Chinese battery maker CATL is set to price its shares at HK$263 each and increase the size of the company’s Hong Kong listing, according…
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Business
Business
The impact of bio-convergence in healthcare
In 2024, the Israel Innovation Authority (IIA) unveiled plans to invest $35m into its first laboratory focused on advancing the field of…
Business
EC World Reit’s Q1 net property income more than halves to S$10.8 million as it looks to sell more assets to repay debt
EC World Real Estate Investment Trust’s (Reit) net property income for the first quarter of 2025 more than halved to S$10.8 million, from…
Business
ComfortDelGro posts 19% rise in Q1 net profit to S$48.3 million
Transport behemoth ComfortDelGro posted a 19 per cent rise in its net profit of S$48.3 million for the quarter ended March on…
Business
Singapore equities slide on Wednesday; STI declines 0.3%
Across the broader market, gainers beat losers 279 to 229, as 1.1 billion securities worth S$1.3 billion change hands Local stocks…
Business
Jamie Lee Curtis just wanted an AI ad removed, not to become the 'poster child of internet fakery’
Jamie Lee Curtis didn’t expect to be at the forefront of the artificial intelligence debate in Hollywood. But she didn’t have a choice.…
Business
Sam Altman's eye-scanning orbs have arrived, sparking curiosity and fear
SAN FRANCISCO — This month, a mysterious store selling a vision of the future opened its doors in downtown San Francisco’s Union Square…
Business
US: Wall St opens higher ahead of US-China weekend meet
Wall Street’s main indexes opened higher on Friday (May 9) as investors assessed fresh remarks from President Donald Trump regarding US…
Business
SIA Engineering H2 net profit up 87.3% at S$70.8 million
SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8…
Business
Nippon Steel expects profit to drop 43% this year, US steel decision by early June
Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global…
Business
ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered…
Business
Tom Ford, Zegna Eyewear Maker Marcolin Reports Q1 Growth, Strengthens Luxury Eyewear Portfolio
MILAN – Marcolin closed the first three months of 2025 with a growth in margins and top line. In the period ended March 31, adjusted…
Business
Commerzbank profit unexpectedly rises in boost to CEO Orlopp
Commerzbank’s first-quarter profit unexpectedly rose to the highest in 14 years as commissions increased, and the German lender set aside…
Business
Analysts raise price targets on DBS after Q1 earnings
Analysts raised price targets for shares of DBS, following its first quarter results release on Thursday (May 8). The bank’s net profit at…
Business
Foreign banks sell record Indian sovereign debt as tensions rise
Foreign banks sold a record amount of Indian government bonds on Thursday (May 8), as a growing border conflict with Pakistan weighs on…
Business
OCBC keeps 2025 guidance, but loan growth targets could be buffeted by headwinds: CEO Helen Wong
OCBC is keeping its financial targets for 2025, but noted that its loan growth guidance of a mid-single digit will likely see the most…
Business
Singapore banks set aside extra allowances to account for heightened uncertainty
The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic…
Business
Asia: Stocks lifted by hopes for US-China talks after UK deal
Most Asian equities rose on Friday (May 9) on growing optimism that the worst of US President Donald Trump’s trade war is past after he…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Business
Marco Polo Marine posts 3.4% decline in H1 profit to S$10.6 million
Marco Polo Marine on Friday (May 9) posted a 3.4 per cent year on year decline in H1 net profit to S$10.6 million, from S$11 million. The…
Business
Disney to Build First New Theme Park in 15 Years
Get ready for Disney magic in the Middle East! For the first time in 15 years, Disney is set to unveil an all-new theme park, unlike…
Business
Luxury labels ditch steep China discounts to rebuild brand value
Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy…
Business
Oil prices rise 3% on support from US-China trade hopes
Oil prices rose around 3 per cent on Thursday (May 8), buoyed by hopes of a breakthrough in looming trade talks between the US and China,…
Business
Singapore orders two more submarines from Germany's TKMS in Kiel
German submarine builder Thyssenkrupp Marine Systems (TKMS) intends to build two additional submarines for Singapore. A contract has been…