Ackman's Pershing Square takes Microsoft stake, exits Google parent Alphabet
May 15 : Billionaire investor Bill Ackman built a new position in tech giant Microsoft after its stock price dropped recently, and sold his long-owned investment in Google parent Alphabet to help pay for it.Writing on social media platform X, Ackman said the investments will be detailed in a regulat ...
Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuation
May 15 : Bill Ackman's hedge fund Pershing Square will disclose a new position in Microsoft later in the day, the billionaire investor said on Friday, arguing that the tech giant sits at a "highly compelling valuation". Ackman's new closed-end fund Pershing Square USA, which debu ...
Hong Kong Q1 GDP expands 5.9% year-on-year, government maintains 2026 growth forecast
HONG KONG: Hong Kong's economy expanded by 5.9 per cent in the first quarter from the same period a year earlier, the government said on Friday (May 15), supported by a surge in exports and private consumption expenditure.The economy grew 4.0 per cent in the fourth quarter of 2025 and 3.1 per c ...
IHH Healthcare and DBS pioneer sustainability-linked loan with responsible antibiotic use incentive
Lin Daoyi - Mainboard-listed IHH Healthcare has secured a $250 million sustainability-linked loan from DBS with a first-of-its-kind facility tied to improvements in antibiotic compliance rates across IHH’s four hospitals in Singapore. Currently, antibiotic “time-outs” (ATO) compliance rates are not consis ...
Britain’s pound, stocks and bonds fall on political uncertainty, global inflation angst
[LONDON] British government bonds, stocks and sterling fell on Friday, as domestic political uncertainty clashed with global worries about an inflationary shock,...
European shares slip as inflation worries keep investors on edge
EUROPEAN shares tumbled on Friday as a deadlock in US-Iran negotiations dented risk appetite, rattled energy markets and rekindled concerns over an economic...
SIA flying into turbulence from fuel costs, Air India losses, but dividends offer upside
Shikhar Gupta - Citi maintains a ‘sell’, while DBS Group Research and CGS International maintain ‘hold’
TSMC plans to sell 152 million shares in chipmaker Vanguard
TAIPEI, May 15 : TSMC, the world's largest contract chipmaker, said on Friday it plans to sell up to 152 million shares in Vanguard International Semiconductor through a block trade to financial institutional investors, reducing its stake in the chipmaker.TSMC said the proposed share sale would ...
Court nod to wind up 1MDB scandal-linked entities paves way for bank claims by foreign liquidators
Tessa Oh - Statutory claims against Standard Chartered, BSI Bank will be filed in ‘short order’
A 'long game': Singapore Airlines committed to Air India despite record US$2 billion loss, says CEO
"We have never had any illusion that it is an easy path," says CEO Goh Choon Phong on SIA's stake in Air India.
Japan's Inpex to buy stake in Australian Browse gas field from PetroChina
MELBOURNE, May 15 : Japan's Inpex said on Friday it would buy PetroChina's 10 per cent stake in the Browse gas fields offshore Western Australia, the country's largest undeveloped gas resource. The Japanese company did not disclose the price it paid for the Chinese giant's 10.67 ...
CDL, DBS launch S$300 million green loan to advance nature-based solutions in Singapore
Chloe Lim - It will be used for general corporate funding and working capital purposes, among others
Transforming Air India ‘definitely not going to be a walk in the park’: SIA chief Goh Choon Phong
Tay Peck Gek - Singapore Airlines is playing a ‘long game’, he adds
Air India investment is ‘a long game’: SIA CEO
Tay Peck Gek - ‘There is no shortcut’ when it comes to the Indian carrier’s transformation, he adds
Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom
TOKYO, May 15 : Japanese memory chipmaker Kioxia said on Friday it expected operating profit for the April-June quarter to reach 1.3 trillion yen ($8.20 billion) as the artificial intelligence boom boosts chip demand. • The maker of NAND flash memory chips reported operating profit rose 92.7 per c ...
Japan's largest lender MUFG logs 438% jump in fourth quarter profit
TOKYO, May 15 : Japan's largest banking group Mitsubishi UFJ Financial Group logged a 438 per cent surge in fourth-quarter profit, it said on Friday.Net profit for the January-March period was 613.7 billion yen ($3.87 billion), up from 114 billion yen over the same period in the previous year.M ...
Second Berlayar condo plot and 1,010-unit New Upper Changi site released for sale
Deon Loke - Analysts see strong interest in both areas
Robot makers rule hottest Asia stock trades on physical AI boom
Investors are increasingly betting the next wave of value creation will come from robotics
New Bank of Korea board member says inflation worries are heightening
SEOUL, May 15 : South Korea's newly appointed central bank board member, Kim Jin-ill, said on Friday inflation worries had heightened due to high oil prices sparked by the Middle East conflict. Kim said economic conditions were improving led by the technology sector, but uncertainty was high ov ...
IHH bags S$250 million sustainability-linked loan from DBS to promote safe use of antibiotics
Sharanya Pillai - The deal shows that such financing can go beyond traditional environmental metrics, says DBS
IHH bags S$250 million green loan from DBS to promote safe use of antibiotics
Sharanya Pillai - The deal shows that sustainable financing can go beyond traditional environmental metrics, says DBS
Global bonds tumble as flaring inflation spooks investors
LONDON, May 15 : The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury yields hit their highest since in around a ...
Japan's megabanks rake in record profits, forecast further gains
TOKYO, May 15 : Japan's three largest banking groups logged big jumps in annual profits to record levels and forecast higher profits to come even as geopolitical risks spur market volatility and fears grow about borrower stress in private credit markets.The end of deflation in Japan has proven ...
Japan's Mizuho fourth-quarter profit surges almost seven-fold
TOKYO, May 15 : Japan's third-largest lender Mizuho Financial Group logged a 661 per cent jump in fourth-quarter profit on Friday.Net profit for the January-March period came in at 228.7 billion yen ($1.44 billion) compared to 30.1 billion yen over the same period a year prior.Mizuho also booke ...
Japan's Mizuho fourth-quarter profit soars 660%
TOKYO, May 15 : Japan's third-largest lender Mizuho Financial Group logged a 661 per cent rise in fourth-quarter profit, it said on Friday.Net profit for the January-March period came in at 228.7 billion yen ($1.44 billion) compared to 30.1 billion yen over the same period a year prior.Mizuho a ...
BOJ warns of financial system risks from investment fund activity
TOKYO, May 15 : Investment funds play a key role in supplying risk capital but can also pose potential risks to a country's financial system, Bank of Japan executive director Kazushige Kamiyama said in a speech released on the bank's website on Friday.Foreign hedge funds and private equity ...
Is SingPost grasping at straws?
Felicia Tan - Singapore Post’s (SingPost) latest set of results yet again reflects the group’s struggles. For FY2026, SingPost reported earnings of $60.9 million, 75.2% lower y-o-y. Profit from continuing operations was down by 73.6% y-o-y to $62 million, while the group made a loss from discontinued operatio ...
Link sustainability to dollars and cents for greater business relevance
Lin Daoyi - Ecosperity Week, Temasek’s annual flagship sustainability event, will be held from May 18 to 21. Ahead of the event, media outlets, including The Edge Singapore, have attended briefings and dialogues on upcoming initiatives and priorities. During an informal chat with the chief sustainability offi ...
MAS to remove mandatory financial advice for complex products for most retail investors
Deon Loke - Regulation still applies to some who need additional protection, such as those aged 62 or older who lack proficiency in English
Decision to list not a question of timing but whether the company deserves to be public: ShopBack
Felicia Tan - Temasek-backed loyalty and rewards marketing platform ShopBack says it is “broadly supportive” of the proposals by the Monetary Authority of Singapore (MAS) and the Singapore Exchange Regulation (SGX RegCo) on the Global Listing Board (GLB). The GLB, which allows companies with market capitalisa ...
Golden Agri-Resources Q1 net profit falls 20% to US$44 million amid weaker upstream business
Therese Soh - However, its downstream business boosts revenue by 6% year on year
Singapore banks fight for bigger slice of wealth management pie
Kwan Wei Kevin Tan and Felicia Tan - With declining net interest margins (NIMs) on the back of lower interest rates, banks now have to prop up their bottom lines with non-interest income, including wealth management income. The broader trends are in their favour. Singapore’s concerted efforts to become a regional wealth management hu ...
India hikes fuel prices for the first time in four years amid Iran war crude spike
The move follows a cut in fuel taxes in March that gave refiners some relief, but will not offset losses
What to expect ahead of CDL’s strategic review
Felicia Tan and Kwan Wei Kevin Tan - City Developments’ (CDL) strategic review, which is slated to be unveiled by June, has got a lot riding on it. Group CEO Sherman Kwek announced the review during the group’s FY2025 results briefing on Feb 27. Sherman said CDL had engaged a global advisory firm in September last year to spearhead ...
