Japan keeps US close as it signals unlimited yen defence
TOKYO, May 7 : Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's resolve to defend the embattled yen. The remarks by Atsushi Mimura come ahead of a visit to ...
Japan signals it will act without limit to defend yen, in daily contact with US
TOKYO, May 7 : Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's readiness to step into the market to prop up the yen.The remarks by Atsushi Mimura, the vice ...
Japan says it has no limits on yen intervention, in daily contact with US
TOKYO, May 7 : Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's readiness to step into the market to prop up the yen.The remarks by Atsushi Mimura, the vice ...
Japan forex czar says IMF floating rate label does not limit currency action
TOKYO, May 7 : Japan's top currency diplomat Atsushi Mimura said on Thursday that the International Monetary Fund's classification of Japan as having a free floating exchange rate regime does not restrict the frequency of currency intervention.Mimura, the vice finance minister for internat ...
StarHub Q1 net profit tumbles 81.3% to S$5.9 million as consumer business slides across the board
Therese Soh - Revenue down 6% to S$507 million; service margin also squeezed
AIMS APAC REIT reports FY2026 DPU of 9.85 cents, 2.6% higher y-o-y
Teo Zheng Long - AIMS APAC REIT (SGX: O5RU ) (AA REIT) has reported a distribution per unit (DPU) of 9.85 cents for FY2026 ended March 31, 2.6% higher y-o-y. Gross revenue increased 2.2% y-o-y to $190.7 million while net property income rose 5.7% y-o-y to $141.3 million. The higher figures were mainly attributable t ...
Singapore bank UOB cites 'softer operating environment' as net profit falls 4% on-year
SINGAPORE: Singapore's United Overseas Bank, or UOB, reported on Thursday (May 7) a 4 per cent annual fall in first-quarter net profit that, despite beating expectations, reflected the impact a precarious market backdrop and rate headwinds have had on the lender.Southeast Asia's thir
Arm forecasts higher-than-expected revenue on surging AI data centre demand
The company generates revenue by licensing its technology to companies such as Nvidia and Apple
Trump sees swift end to war as Iran reviews US peace proposal
An Iranian spokesperson described the proposal as ‘more of an American wish-list than a reality’
AirAsia ready to buy 150 larger versions of Airbus A220 jet it ordered
The airline is the “launch customer” of the A220’s new 160-seat cabin configuration
UOB's 1QFY2026 net profit rises 2% q-o-q, but falls 4% y-o-y
The Edge Singapore - United Overseas Bank’s (UOB) 1QFY2026 ended March 31 net profit of $1.437 billion was above the latest Bloomberg estimate of $1.39 billion but within an earlier estimate three weeks ago of $1.43 billion. Net profit was up 2% q-o-q but down 4% y-o-y. Net interest income moderated 1% q-o-q and 4% y- ...
UOB's 1QFY2026 net profit rose 2% q-o-q, but fell 4% y-o-y
The Edge Singapore - United Overseas Bank’s 1QFY2026 net profit of $1.437 billion was above the latest Bloomberg estimate of $1.39 billion but within an earlier estimate three weeks ago of $1.43 billion. Net profit was up 2% q-o-q but down 4% y-o-y. Net interest income moderated 1% q-o-q and 4% y-o-y to $2.3 billion p ...
UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
Renald Yeo - CEO Wee Ee Cheong says the completion of its Citi integration gives the bank a ‘long runway’ for organic wealth growth across...
UOB Q1 net profit dips 4% to S$1.44 billion; beats expectations
Renald Yeo - Net interest income falls 4% to S$2.32 billion on lower benchmark rates
UOB Q1 net profit falls 4% to S$1.44 billion; beats expectations
Renald Yeo - Net interest income fell 4% to S$2.32 billion on lower benchmark rates
Oil prices rise as investors weigh Middle East peace prospects
[TOKYO] Oil prices rose over US$1 on Thursday (May 7), rebounding from the Wednesday’s sharp losses, as investors weighed the prospects of...
Oil prices slide on reports US and Iran are nearing peace agreement
[NEW YORK] Oil prices fell sharply to two-week lows on Wednesday (May 6) as optimism grew about a possible end to the...
Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition
Paige Lim - Joining the Jollibee Group has boosted the brand’s global scalability. It has also adopted stronger SOPs that can be replicated across markets
China’s Midea Group raises US$2.2 billion in convertible bond sale
Bonds that convert into stock find a sweet spot when interest rates and volatility are high
US oil prices rebound as investors assess prospects for a Middle East peace deal
TOKYO, May 7 : U.S. crude futures rose about $1 in early trade on Thursday, rebounding from the previous day's losses, as investors assessed prospects for a Middle East peace deal.U.S. West Texas Intermediate crude futures gained 80 cents, or 0.8 per cent, to $95.88 a barrel as of 2223 GMT afte ...
US considers tapping oil under military bases to refill reserve
The reserve is poised to reach its lowest level since 1982
Commentary: Anthropic’s Mythos AI marks a cybersecurity moment Singapore cannot ignore
Even if Anthropic’s claims about its new AI model are overstated, the deeper challenge Mythos represents is very real, say NCS cybersecurity chief Foo Siang-tse and strategic adviser Shashi Jayakumar.
CNA Explains: What is frontier AI and how Anthropic's Mythos is reshaping cybersecurity
Anthropic’s Mythos AI model has demonstrated advanced capabilities in coding and system analysis, raising fears over how such tools could be misused.
S&P 500 and Nasdaq notch records; AMD results spark AI stock rally
Wall Street has surged in recent weeks, with investors looking beyond the Middle East conflict
Europe’s Stoxx 600 up over 2% on Iran deal optimism; earnings in focus
Money markets are currently pricing in a 67.6% chance that the European Central Bank hikes rate at its June meeting
Trading Day: A peace wish and chips
ORLANDO, Florida, May 6 : Hopes that a U.S.-Iran peace deal might be imminent propelled global stocks to new highs and sent oil prices tumbling on Wednesday, with the U.S. AI frenzy intensifying on strong earnings and reports of mega spending commitments in the sector. In my column today, I look at ...
Axon raises annual revenue growth forecast on strong software, security device demand
May 6 : TASER-maker Axon Enterprise raised its full-year revenue growth forecast on Wednesday, betting on strong demand for its software products and security devices.Shares of the company, which makes law enforcement technology, rose 1.4 per cent in extended trading.Software segment revenue grew du ...
Insurer MetLife's quarterly profit jumps on strong Asia demand
May 6 : MetLife reported a jump in first-quarter profit on Wednesday, lifted by broad-based gains across its diversified business on the back of robust insurance demand.Despite a choppy macro environment, insurance spending has continued to remain resilient as individuals and businesses prioritize c ...
Betting giant Flutter overhauls management at US FanDuel unit
DUBLIN, May 6 : Betting giant Flutter made major management changes at its U.S. FanDuel brand on Wednesday, saying FanDuel CEO Amy Howe had left the company and that Flutter veteran Dan Taylor would oversee the U.S. business in a new, beefed-up role.The changes come a little over two months since Fl ...
Snap flags ad revenue hit from Middle East conflict, slower North America growth
May 6 : Snap said on Wednesday its first-quarter advertising revenue was impacted by the conflict in the Middle East and slowing growth in North America, sending its shares 7 per cent lower in extended trading.The Snapchat parent also announced an end to a $400 million deal with AI startup Perplexit ...
Snap flags hits to ad revenue from Middle East conflict, slower North America growth
May 6 : Snap on Wednesday said its first-quarter advertising revenue was impacted by the conflict in the Middle East and slowing advertising revenue in North America.The Snapchat parent's shares fell nearly 6 per cent in extended trading.The social media company and AI startup Perplexity " ...
Snap's quarterly revenue rises, daily active users return to growth
May 6 : Snap said on Wednesday its first-quarter revenue rose 12 per cent on the back of resilient advertising spending and that its number of daily active users returned to growth, driven by markets outside of North America and Europe.The Snapchat parent, squeezed between dominant platforms such as ...
Chime reports maiden quarterly profit on resilient consumer spending
(Corrects paragraph 8 to say purchase volume, including outbound instant transfer, increased 15 per cent year-over-year to $40 billion, not 12 per cent to $39 billion)By Pritam Biswas and Arasu Kannagi BasilMay 6 : Chime posted its first-ever quarterly profit on Wednesday, as resilient consumer spen ...
Arm forecasts higher-than-expected revenue on surging AI data center demand
May 6 : Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday, benefiting from higher adoption of its chip technology as tech companies spend heavily on artificial intelligence compute.Arm shares jumped 12 per cent in after-hours trading.The company expects quarterl ...
