Europe lifted by trade deal signals as BoE cuts rates
LONDON : World shares inched higher on Thursday, buoyed by U.S. President Donald Trump’s promise of a first trade deal in his global tariff war – tipped to be Britain - while the dollar gained as markets pushed out the chance of near-term Fed rate cuts. Traders also got a widely expected quarte ...
Japan's Nidec gives up hostile takeover of Makino Milling Machine
TOKYO :Japan's Nidec Corp said on Thursday it was withdrawing its bid for Makino Milling Machine, giving up on its unsolicited takeover plan after Makino threatened to mount a "poison pill" takeover defence.Nidec said in a statement its board decided to withdraw the April 4 tender off ...
Malaysia keeps rates steady, cuts reserve requirement ratio as growth outlook dims
KUALA LUMPUR : Malaysia's central bank kept its benchmark interest rate steady on Thursday but warned of weaker economic growth due to trade tensions, which analysts say will lead to rate cuts later in the year. The dovish policy outlook was reinforced when the central bank said it will low ...
Trading halted on Pakistan's benchmark share index, shares sink 6%
KARACHI :Pakistan's benchmark index closed down 6.7 per cent, recording its largest single-day points drop, while its bonds were also under pressure following reports of drones being shot down in major cities including Karachi and Lahore. Trading at the Pakistan Stock Exchange was halted for an ...
RHB keeps Riverstone at 'buy' but with reduced target price
The Edge Singapore - Glove maker Riverstone Holdingshas reported a weaker set of 1QFY2025 earnings and while below expectations, RHB Bank Singapore has maintained its "buy" call on this stock. However, having taken into account less favourable currency movements and lower selling prices, RHB has trimmed its ta ...
Analysts lower TP on FLCT on softer 1HFY2025 DPU
Douglas Toh - Analysts at OCBC Investment Research (OIR) and CGS International (CGSI) are both keeping their respective “buy” and “add” calls on Frasers Logistics & Commercial Trust(FLCT). However, they have all reduced their respective target prices to $1.07 from $1.14, and $1.11 from $1.35. For the ...
India agrees on conditional nod for Starlink operations in country, CNBC-TV18 reports
The Indian government has agreed to a conditional nod for SpaceX's Starlink to start offering satellite-based internet services in the country, television news channel CNBC-TV18 reported on Thursday.
EU seeking new alliances as it braces for potential US trade fallout, says its trade chief
EU Trade Commissioner Maros Sefcovic tells CNA’s Loke Wei Sue in an exclusive interview that countries have been looking to make deals with the bloc, amid global tariff turmoil.
Weakening US dollar expected to yield mixed impact for Singapore companies with significant exposure
Tay Peck Gek - In the year to date up to May 7, the Singapore currency appreciated about 5.4% against the greenback
Weakening greenback to benefit Singapore firms with significant exposure to debts, costs in US dollar
Tay Peck Gek - In the year to date up to May 7, the Singapore currency has appreciated about 5.4% against the US dollar
Weakening greenback to boost Singapore firms with US-dollar debt and costs
Tay Peck Gek - In the year to date up to May 7, the Singapore currency has appreciated about 5.4% against the US dollar
Musk hits back at OpenAI’s claim he’s on quest to harm startup
Musk’s latest filing comes just days after OpenAI retreated from its plan to restructure as a for-profit business
Nintendo sees Switch 2 sales of 15 million units, profit rising 13% this year
TOKYO: Nintendo on Thursday (May 8) said it expects to sell 15 million Switch 2 units and for operating profit to rise 13 per cent to ¥320 billion (US$2.22 billion) in the year ending March. Nintendo is preparing for the Switch 2's Jun 5 launch, which will test its ability to manage supply cha ...
‘Realistic’ investors here prefer steady earnings and dividends: PhillipCapital’s Chew
Felicia Tan - In the world of investing, stories sell. In Singapore, however, investors are more pragmatic, observes PhillipCapital’s head of research, Paul Chew, who has spent more than 20 years in the industry and eight years with the brokerage. ”For [Singaporean investors], it’s all about earnings. Nobod ...
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
Japan's NTT plans to take NTT Data private for US$16.4 billion
It would launch a tender offer for NTT Data at 4,000 yen (S$35.91) per share, representing a 34% premium from Wednesday’s closing...
Malaysia central bank keeps key rate at 3%, flags weaker global outlook
[KUALA LUMPUR] Malaysia’s central bank kept its benchmark interest rate unchanged on Thursday (May 8) despite an expected slowdown in economic growth...
Bank Negara Malaysia holds rate at 3% amid output growth, flags tariff risks
Tan Ai Leng - Strong March industrial output and contained inflation offer support, but trade outlook dims
US flip-flop on punitive tariffs makes guidance challenging for banks
Goola Warden and Jovi Ho - US President Donald Trump’s tendency to swing from one topic to another, walk back on tariffs for some countries, postpone tariffs on most countries, and change his mind on many issues by the hour makes it difficult for businesses to commit to investing in manufacturing, or anything else. United O ...
Maersk cuts global container market outlook on tariff war
Christian Wienberg / Bloomberg - A.P. Moller-Maersk A/S, the Danish container giant, lowered its forecast for the global transport market rattled by Donald Trump’s trade war. Maersk sees global container volume market in the range of 1% decline to growth of 4% this year, according to a statement on Thursday, citing “increased m ...
Toyota warns of profit drop as tariff chaos threatens carmakers
The US is the largest market for five of Japan’s biggest carmakers
Toyota sees 180 billion yen profit hit in two months from tariffs
It says trade turmoil impact for April and May has been tentatively factored in and uncertainty remains
Toyota sees US$1.3 billion profit hit in two months on tariffs
The US is the largest market for five of Japan’s biggest carmakers
SeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services
Benjamin Cher - It will set up centres of excellence in product management, artificial intelligence and anti-money laundering
SeaMoney rebrands to Monee, opens new headquarters for digital financial services
Benjamin Cher - Monee will be establishing centres of excellence in product management, artificial intelligence and anti-money laundering
Apac manufacturers see efficiency boost from Generative AI: NTT Data
Nurdianah Md Nur - Generative artificial intelligence (AI) is already delivering tangible benefits to the vast majority of Asia Pacific (Apac) manufacturers, with 97% reporting improved efficiency and bottom-line performance, according to a new report from NTT Data. Common use cases for generative AI include supply ch ...
More graduates chase fewer roles while employers flag skills gap: LinkedIn
Evan See - Number of job postings per applicant falls 8% over the last year, based on LinkedIn studies
Graduates face tougher future as skill gap widens, vacancies shrink
Evan See - Number of job postings per applicant falls 8% over the last year, based on LinkedIn studies
More competition for roles among graduates, employers flag skills gap: LinkedIn
Evan See - Number of job postings per applicant falls 8% over the last year, based on LinkedIn studies
Graduates face bleak future as skill gap widens, vacancies shrink
Evan See - Number of job postings per applicant falls 8% over the last year, based on LinkedIn studies
Recruiters say qualified talent more difficult to find in tight labour market: LinkedIn survey
Evan See - More graduates chase fewer roles; number of job postings per applicant falls 8% in Singapore
In tight labour market, qualified talent more difficult to find, say recruiters: LinkedIn
Evan See - More graduates chase fewer roles; number of job postings per applicant falls 8% in Singapore
DBS loan demand to remain strong in H1, full-year growth likely at 5 to 6%: CEO Tan Su Shan
Tan Nai Lun - The bank has other assets to deploy into if loan demand declines in H2 amid persistent trade war
Brewer AB InBev's Q1 profit surges ahead of forecasts
LONDON :Anheuser-Busch InBev reported a 7.9 per cent rise in first-quarter operating profit on Thursday, beating analysts' estimate by more than double, as the beer brewer grew its margin despite a fall in sales volumes.Analysts had expected the world's top brewer to report a 3.1 per cent ...
