Wordline forecasts decline in 2025 organic revenue
Worldline expects a low single-digit percentage decline in organic revenue during 2025 following a "challenging" first half, the French digital payments company said on Wednesday.The Paris-based company guided towards adjusted earnings before interest, tax, depreciation and amortisation (E ...
STB inks MOU with IndiGo to boost business, leisure travel from India to Singapore
Shikhar Gupta - IndiGo will deploy its new premium product to Singapore from Aug 9
HSBC first-half profit falls 26%, misses estimates
[HONG KONG] HSBC reported a 26 per cent slide in first-half pretax profit on Wednesday, missing analyst estimates, as impairments from its...
Thai government slightly raises 2025 growth forecast to 2.2%
BANGKOK :A strong first half of 2025 has Thailand's economy on track to grow 2.2 per cent this year, slightly higher than a previous forecast of 2.1 per cent, the finance ministry said on Wednesday, although it cautioned U.S. tariffs could see momentum slow later this year.Exports, a key driver ...
Thai government slightly raises 2025 growth forecast to 2.2%, but tariffs a concern
BANGKOK : A strong first half of 2025 has Thailand's economy on track to grow 2.2 per cent this year, slightly higher than a previous forecast of 2.1 per cent, the finance ministry said on Wednesday, although it cautioned U.S. tariffs could see momentum slow later this year.Exports, a key drive ...
Thai finance ministry raises 2025 growth forecast to 2.2%
BANGKOK :Thailand's economy is expected to grow 2.2 per cent this year, slightly higher than a previous forecast of 2.1 per cent, the finance ministry said on Wednesday.Exports, a key driver of Thai growth, are expected to rise 5.5 per cent this year, up from an earlier forecast of 2.3 per cent ...
High gold prices ‘a nightmare’: French luxury jeweller Boucheron’s CEO
Corinne Kerk - Helene Poulit-Duquesne also explains the maison’s use of non-precious materials in its high jewellery collections
Operator of Cathay Cineplexes announces boardroom changes, gets more payment demands from landlords
SINGAPORE: The owner and operator of Cathay Cineplexes, mm2 Asia, announced late on Tuesday (Jul 29) several boardroom changes, including the departure of CEO Chang Long Jo
Hyundai Motor Group Chair Chung heads to US to back South Korea trade talks - Yonhap
SEOUL :Hyundai Motor Group Executive Chair Euisun Chung will travel to Washington on Wednesday to support South Korea's push to strike a trade deal with the United States, Yonhap news reported.
Samsung’s big Tesla order fuels recovery bets despite chip woes
Once considered a serious challenger to TSMC, the South Korean memory maker has steadily ceded ground in the global chip race
Stablecoins inspire hope, and hype, in Hong Kong
[HONG KONG] Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type...
Over 2,000 Frasers Property tenants to enjoy preferential rates from DBS under new MOU
Jovi Ho - Over 2,000 retail tenants across 11 of Frasers Property’s malls like Northpoint City, Waterway Point, Causeway Point and Tiong Bahru Plaza will enjoy financial solutions and preferential rates from DBS Bank under a new partnership between the two companies. This is in addition to DBS’s SG60 Hear ...
Seatrium agrees to pay US$110 million to public prosecutor over corruption offences in Brazil
The public prosecutor will apply to the High Court to approve the agreement.
Asia: Markets mixed as China-US talks end, eyes on tech earnings
[HONG KONG] Asian markets were mixed on Wednesday as investors kept tabs on China-US developments after they agreed to further talks to...
Japan's Daiwa racks up 30% profit rise as assets under management grow
TOKYO :Japan's Daiwa Securities booked a rise of 30.2 per cent in first-quarter net profit from a year earlier, it said on Wednesday, as its asset management division made up for dampened profits from trading and investment banking.Market volatility after U.S. President Donald Trump's swee ...
Seatrium closes long chapter of corruption probe in Brazil with total financial penalty of $241.7 million
The Edge Singapore - Seatrium will pay financial penalties to both Singapore and Brazilian authorities totalling some $241.7 million to settle a long-drawn corruption case in Brazil when the company was known as Sembcorp Marine. With this payment, the authorities would have concluded joint investigations on Seatrium, an ...
SME Centres to offer more comprehensive advisory services, referrals for complex issues
Benjamin Liu - A Centre for Enterprise Financing Advisory will also be launched later this year
US consumer finance watchdog says it will replace Biden-era ‘open banking’ regulations
[WASHINGTON] A federal judge on Tuesday paused a lawsuit against the US Consumer Financial Protection Bureau that had sought to strike down...
Citigroup hiring for Asia rates, prime teams on hedge fund flows
The bank’s Hong Kong markets business employs several hundred people, with about 75% in equities
Singapore’s employment growth speeds up in Q2, but sectoral softening to continue
Low Youjin - Total employment rose by 8,400, driven by both resident and non-resident employment
Australian rocket with Vegemite aboard crashes shortly after take-off
Melos Ambaye / Bloomberg - An Australian rocket crashed shortly after taking off, marking the first attempt to reach orbit with a made-in-Australia vehicle. Space startup Gilmour Space Technologies’ first test flight of its Eris rocket left the launch pad at the company’s Bowen Orbital Spaceport, about 1,000 kilometers (6 ...
Trump’s trade deals come with few details to flesh out big numbers
The administration is taking a victory lap, claiming vindication for the US president’s bargaining style as he prepares a raft of import-tax...
Kraken seeks US$500 million funding at US$15 billion valuation, The Information reports
CRYPTOCURRENCY exchange Kraken is set to raise US$500 million in funding at a US$15 billion valuation, The Information reported on Tuesday, citing...
Tsunami warnings issued in Japan, Hawaii after magnitude 8.7 quake
The US weather service has also flagged threats of tsunami waves hitting the Philippines, Russia, and some Pacific islands
Japan issues tsunami warning for areas including Tokyo Bay
[HONG KONG] Japan issued a tsunami warning after a powerful earthquake off the eastern coast of Russia on Wednesday (Jul 30) morning...
Tsunami waves hit Hawaii after a massive magnitude-8.8 earthquake rattles Russia’s Far East
A shallow earthquake damages buildings and injures several in remote Russia, as much of Japan’s eastern coast is ordered to evacuate
Tsunamis hit Hawaii after 8.8-magnitude earthquake rattles Russia’s far east
A shallow earthquake damages buildings and injures several in remote Russia; much of Japan’s eastern coast is ordered to evacuate
Tsunami waves hit Hawaii after massive 8.8-magnitude earthquake rattles Russia’s Far East
A shallow earthquake damages buildings and injures several in remote Russia; Much of Japan’s eastern coast is ordered to evacuate
Seatrium to pay over S$240 million to Brazilian, Singapore authorities over corruption offences
Therese Soh - The group says there will be no impact on its 2025 financials because the sum was previously set aside; Citi issues ‘buy’...
Seatrium to pay over S$240m to Brazilian, Singapore authorities over corruption offences
Therese Soh - Citi assigned Seatrium a “buy” call and a target price of S$2.65
Seatrium settles Brazil corruption case; S$168.4 million financial penalty to Brazilian authorities
Therese Soh - [SINGAPORE] Seatrium on Wednesday (Jul 30) signed a leniency agreement with Brazilian authorities in relation to Operation Car Wash – a major...
Seatrium halts trading of shares ahead of H1 earnings
Therese Soh - This is coming one day before it is due to announce its first-half earnings – on Jul 31
Exclusive-LG Energy Solution, Tesla sign $4.3 billion battery supply deal, source says
South Korean battery maker LG Energy Solution has signed a $4.3 billion contract to supply lithium iron phosphate batteries to Tesla, a person familiar with the matter told Reuters.
Gold holds steady ahead of Fed policy statement
[BENGALURU] Gold prices steadied on Wednesday (Jul 30) as investors held back on making big bets ahead of the US Federal Reserve’s...
