Japan signs first $2.2 billion loan under $550 billion US investment pledge
TOKYO, May 1 : Japan has signed a $2.2 billion loan agreement for the first batch of projects under its $550 billion U.S. investment pledge, kicking off financing tied to a trade deal that cut U.S. tariffs on Japanese imports to 15 per cent. State-owned Japan Bank for International Cooperation said ...
Japanese yen jumps against dollar hours after intervention
LONDON, May 1 : The yen suddenly jumped against the dollar on Friday, a day after Tokyo authorities were widely believed to have intervened to prop up the Japanese currency.The dollar fell by as much as 0.66 per cent to a session low of 155.60 from 157.12 earlier. The yen rose by as much as 3 pe
Succession in Singapore: Is the era of family empires coming to an end?
Tay Peck Gek - More dynasty businesses such as UOB may have to hand over the reins to outsiders – but that does not have to...
Iran war ceasefire ‘terminated’ hostilities for war powers deadline, says US official
Trump faced a deadline on May 1 to end the Iran war or make the case to Congress for extending it
ANZ Bank’s profit tops estimates on CEO turnaround strategy
ANZ Group Holdings’ first-half profit surpassed analysts’ estimates on signs of improvement with the bank’s overhaul by chief executive officer Nuno Matos...
Toyota to post fourth straight quarterly profit drop as Middle East risks, costs mount
TOKYO, May 1 : Toyota is expected to report a fourth successive year-on-year decline in quarterly operating profit next week, as rising material and labour costs and the impact of U.S. tariffs offset strong demand, particularly for hybrid vehicles.The world's biggest automaker is forecast to po ...
Largely business as usual for Singapore’s Mice industry amid Iran war
Elysia Tan - Regional demand continues to provide support
Indonesia to cut ride-hailing companies’ maximum commission taken from drivers to 8%
[JAKARTA] Indonesia will cut the caps on the commissions that ride-hailing companies take from drivers for each trip to 8 per cent...
China Sunsine reports 6% y-o-y increase in sales revenue for 1QFY2026
Teo Zheng Long - China Sunsine (SGX: QES ) has reported sales revenue of RMB890 million for 1QFY2026 ended March 31, up 6% y-o-y, driven by higher sales volume. For 1QFY2026, China Sunsine sold 60,916 tonnes of products, 15% higher y-o-y and hits another record high for its quarterly sales volume. Gross profit margi ...
Gold heads for weekly loss on oil-driven inflation concerns
GOLD was steady in thin trading on Friday, but was on course for a weekly decline as higher oil prices fuelled inflation...
Salt Investments aims to raise $4.8 mil placing out new shares at 0.275 cent
The Edge Singapore - Salt Investments plans to fund business expansion by raising some $4.8 million placing out around 1.75 billion new shares at 0.275 cent each. At 0.275 cent, that's a discount of 8.3% off the last traded price of 0.3 cent. Assuming all shares are taken, Salt Investments' share base will inc ...
iWOW Technology to acquire The Gentle Group for a total consideration of $11.2 mil
Teo Zheng Long - iWOW Technology (SGX: NXR ) announced that it has entered into a sale and purchase agreement for the proposed acquisition of The Gentle Group Pte Ltd and its subsidiary, which is a provider of therapeutic nutrition solutions for seniors. The existing shareholders of The Gentle Group include its foun ...
Japan's big trading houses expect record profits but utilities forecast pain as Iran war weighs
TOKYO, May 1 : Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while Japanese utilities warned of weaker earnings as fuel procurement costs spike.Japan, one of the world's most vulnerable countries to energy ...
Japan trading houses expect record profits but utilities forecast pain as Iran war weighs
TOKYO, May 1 : Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while domestic utilities warned of losses as procurement costs spike.Japan, one of the world's most vulnerable countries to energy import disrupt ...
Major Japanese trading houses expect higher profits as Iran war drags on
TOKYO, May 1 : Major Japanese trading houses on Friday said they expected higher fiscal year profits as the U.S.-Israeli war on Iran keeps commodity prices high, while domestic utilities warned of losses as procurement costs spike.Japan, one of the world's most vulnerable countries to energy im ...
Japan's Marubeni targets second year of record profit on asset gains
TOKYO, May 1 : Japanese trading house Marubeni on Friday forecast 580 billion yen ($3.7 billion) in net profit for the current fiscal year, which would be a 6.6 per cent annual increase to its bottom line and a company record for the second year in a row. Marubeni, which conducts business across ene ...
Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
Sandisk shares have risen more than 360 per cent this year
May Day Rally: Hormuz crisis could be more severe than 1970s oil shocks; government will do more to help if needed, says PM Wong
Tessa Oh - The country must brace for months-long disruption and pressures are likely to intensify, he warns
History of Japan's intervention in currency markets
(Corrects issues causing hyperlinks to display incorrectly, no changes to text)TOKYO, May 1 : Japan's yen rebounded sharply against the U.S. dollar on Thursday after authorities intervened to prop up the embattled currency from near two-year lows.The yen surged as much as 3 per cent in London t ...
Metro Holdings issues profit guidance for FY2026 results, expects overall net loss
Teo Zheng Long - Metro Holdings Limited (Metro) (SGX: M01 ) says that it is expected to record a loss attributable to shareholders for FY2026 ended March 31. The loss arises after taking into account its associates’ and joint ventures’ operating results from the fair value loss of the investment properties and i ...
Global markets tread water as yen moves dominate currency trading
LONDON/SYDNEY, May 1 : Global shares steadied on Friday, as investors focused on currency markets after the yen jumped against the dollar in European trading a day after Tokyo authorities were believed to have intervened to prop up the currency.The dollar lost as much as 1 per cent against the yen i ...
Global shares steady as yen intervention keeps currency markets in focus
LONDON/SYDNEY, May 1 : Global shares steadied on Friday, with attention firmly on currency markets after the yen suddenly jumped against the dollar in early European trading, a day after Tokyo authorities were widely believed to have intervened to prop up the Japanese currency.The greenback tumbled ...
Asia shares find relief in tech resilience, oil off peak
SYDNEY, May 1 : Asian share markets rebounded in relief on Friday as oil prices came off the boil and upbeat company earnings pulled investors into tech stocks, while Japan's first yen-buying intervention in two years steadied the battered currency. Apple amplified the cheer by beating forecast ...
Asia shares find hope in tech resilience, oil off peak
SYDNEY, May 1 : Asian shares rallied in relief on Friday as oil prices came off the boil and upbeat company earnings pulled investors into tech stocks, while Japan's first yen-buying intervention in two years steadied the battered currency. Apple amplified the cheer by beating forecasts and pro ...
Yen jumps sharply as Japan warns it is ready to intervene again
Tokyo’s ramped-up rhetoric comes as the yen stays under pressure from wide US-Japan interest rate gaps
Watch: PM Wong’s May Day Rally speech
PM Wong’s first May Day speech since the 2025 General Election comes amid a climate of geopolitical uncertainty
Japan warns of speculative yen moves, signals chance of more intervention
TOKYO, May 1 : Japan's top currency diplomat Atsushi Mimura said on Friday that speculative moves persist in markets, a clear signal that Tokyo stands ready to intervene to shore up the yen. "I won't comment on what we'll do ahead. But I will tell you that Japan's Golden Wee ...
Huawei expects AI chip revenue to jump at least 60% this year, FT reports
May 1 : Huawei expects revenue from its AI chips to jump at least 60 per cent this year, boosted by strong demand for domestic offerings from Chinese companies, the Financial Times reported on Friday.The Chinese tech company expects revenue from its chips to reach about $12 billion this year based o ...
Bank collusion probe in Archegos meltdown closes without charges in US
THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill...
Bank collusion probe in Archegos meltdown closes without charges
THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill...
Japan's factory activity growth hits 4-year high on stockpiling, PMI shows
TOKYO, May 1 : Japan's manufacturing activity grew at its strongest pace in over four years in April, as companies ramped up production and stockpiled goods amid supply chain disruptions caused by the Middle East war, a private-sector survey showed on Friday. • The final S&P Global Japan ...
South Korean April exports rise 48.0% y/y, as chip boom continues
SEOUL, May 1 : South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure boosted semiconductor sales to offset jitters from the Middle East conflict. Exports from Asia's fourth-largest economy, a bellwether for glo ...
South Korea April exports rise 48.0% y/y, as chip boom continues
SEOUL, May 1 : South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure boosted semiconductor sales to offset jitters from the Middle East conflict. Exports from Asia's fourth-largest economy, a bellwether for glo ...
Yen trims gains against dollar after Japan's intervention in markets
TOKYO, May 1 : The yen eased slightly against the dollar on Friday, but was still poised for its steepest weekly gain in more than two months after Japanese authorities stepped in to lift the currency from near two-year lows.Investors remained on high alert for further intervention from Japan's ...
