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…
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Business
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…
Business
The RealReal’s Sales and Profits Rise in Q1, but Investors Want More
The RealReal Inc. showed some forward momentum in the first quarter — and stuck by its financial guidance for the year — but Wall Street…
Business
Ludivine, a Luxury Retailer, Moves to New Location on Upper East Side
Ludivine, the womenswear boutique known for its curated assortment of women’s designer clothing, has opened a new 2,500-square-foot…
Business
US: Wall St opens higher ahead of potential US-UK deal announcement
Wall Street’s main indexes opened higher on Thursday (May 8) on news that the United States was on the verge of signing a trade agreement…
Business
The construction of a road in Brazil draws criticism before first-ever climate talks in the Amazon
BELEM, Brazil (AP) — In the run-up to the annual U.N. climate conference, set to take place in Brazil’s Amazon in November, the…
Business
Minimalist Hotels announces plan to add 20 new properties in India
Minimalist Hotels has announced an expansion plan to add 20 new properties across India over the next two years. The lifestyle hotel brand…
Business
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar…
Business
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
Business
How LAFCO’s Expanded Partnership with Listrak Aims to Drive Accelerated Growth
LAFCO (Luxury Articles & Fragrance Co.) said it has expanded its partnership with Listrak, the “person-first” marketing platform provider,…
Business
Australia exchange operator proposes IPO reforms to revive listings
The Australian Securities Exchange (ASX) on Thursday (May 8) unveiled a series of proposed reforms aimed at enhancing the global appeal of…
Business
Posts claiming 'low' Australia voter turnout share preliminary figures
Australia has consistently seen poll turnouts of around 90 percent or more since the country enforced compulsory voting a century ago.…
Business
Musk hits back at OpenAI’s claim he’s on quest to harm startup
Elon Musk fired back at OpenAI’s accusation that he has been waging a “relentless” campaign for more than a year to damage the startup. In…
Business
Emirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax Dubai’s Emirates Group, which includes…
Business
Puma Sales Flat in Q1 as Operating Profit Tumbles
A challenging macro environment is taking its toll on Puma, where sales were flat in the first quarter and profits tumbled in the…
Business
SeaMoney rebrands to Monee, opens new headquarters for digital financial services
Monee will be establishing centres of excellence in product management, artificial intelligence and anti-money laundering Sea’s digital…