Sabadell to join European stablecoin consortium, other Spanish banks may too
MADRID, May 5 : Sabadell will join a group of European banks that have formed a company to launch a euro-pegged stablecoin in the second half of 2026, the Spanish bank's CEO Cesar Gonzalez-Bueno said on Tuesday.The Qivalis consortium is seen as a move to help counter U.S. dominance in digital p ...
Spain's Sabadell, Bankinter set to join European stablecoin consortium, Expansion says
MADRID, May 5 : Spanish lenders Sabadell and Bankinter are planning to join European banks that have formed a company to launch a euro-pegged stablecoin in the second half of 2026, Spanish newspaper Expansion reported on Tuesday.Non-listed Spanish entities such as Abanca, Kutxabank and Cecabank woul ...
HSBC misses profit estimates on fraud-related credit loss, Iran war risks
Its shares declined as much as 4.25% in early afternoon Hong Kong trading
HSBC profit misses estimates after fraud-related credit loss, Iran war risks
Its shares declined as much as 4.25% in early afternoon Hong Kong trading
Australia’s central bank ramps up inflation fight with third rate hike this year
Markets price in further rate hikes, with peak seen at 4.60% by September
China’s carmakers chase ‘Yaris moment’ to ignite overseas growth
Overseas markets offer room to grow – and to charge more – if Chinese brands can persuade consumers they understand local...
Thai Cabinet approves $12.2 billion emergency borrowing decree, PM says
BANGKOK, May 5 : Thailand's Cabinet on Tuesday approved an emergency decree to borrow 400 billion baht ($12.2 billion) to alleviate cost of living pressures and support energy costs, Prime Minister Anutin Charnvirakul said.• The borrowing is necessary because higher energy prices will impact ...
CK Hutchison unit to exit VodafoneThree stake in £4.3 billion deal
The UK company is currently owned 51% by Vodafone Group and 49% by CKHGT
Exclusive-Tesla faces EU skepticism over automated-driving tech, records show
May 5 : Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's " ...
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
Tessa Oh - Cyber Security Agency of Singapore also issues letter urging critical information infrastructure owners to commission a board-level review
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Tessa Oh - Cyber Security Agency of Singapore also issues letter urging critical information infrastructure owners to commission a board-level review
Singapore retail sales grow 4.8% in March, but cool from Chinese New Year-driven February surge
Tessa Oh - [SINGAPORE] Retail sales in Singapore rose 4.8 per cent year on year in March 2026, slowing from the 8.3 per cent surge...
Samsung Electronics' board chairman urges union to resolve pay disputes
SEOUL, May 5 : The board chairman of Samsung Electronics has urged unionised workers to resolve pay disputes with management, warning that a planned strike could hurt investors and employees and have "serious consequences" for the Korean economy.In an internal memo to employees on Tuesday, ...
Indonesia intervenes in markets as rupiah sets new record low
The Indian rupee also falling to a new record low
Indonesia posts fastest economic growth in more than three years in Q1
JAKARTA, May 5 : Indonesia's economy grew at its fastest annual pace in more than three years at the start of 2026, boosted by a surge in government spending and holiday celebrations, official data showed on Tuesday.GDP grew 5.61 per cent in the January-March quarter from a year earlier, Statis ...
Indonesia's Q1 GDP growth of 5.61% beats market expectations
JAKARTA, May 5 : Indonesia's economy grew 5.61 per cent in the January-March quarter from a year earlier, official data showed on Tuesday, faster than the 5.30 per cent growth expected by analysts in a Reuters poll.The first-quarter growth rate was the fastest since the third quarter of 2022, S ...
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
Derryn Wong - A follow-up e-mail has been sent to apologise to users
LTA circular to potential EV charger owners revealed hundreds of e-mail addresses in carbon copy
Derryn Wong - A follow-up e-mail has been sent to apologise to users
LTA apologises for e-mail gaffe in circular sent to potential EV charger owners
Derryn Wong - A follow-up e-mail has been sent to apologise to users
Star Sports Medicine jumps 118% as Hong Kong debut frenzy extends
HK listings are surging as investors gain confidence in Chinese healthcare and tech sectors
Star Sports Medicine jumps 204% as Hong Kong debut frenzy extends
HK listings are surging as investors gain confidence in Chinese healthcare and tech sectors
Apple explores using Intel and Samsung to build main device chips in the US
The latest iPhones and Macs use what is known as the 3-nanometre fabrication node
Paramount Skydance first-quarter profit benefits from cost-cutting
The results are the first since the media giant struck a US$110 billion deal to acquire Warner Bros Discovery
Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports
May 4 : Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations.Apple executives have made visits to a Samsung plant under development in Texas an ...
Apple explores using Intel, Samsung to build main device chips in the US, Bloomberg News reports
May 4 : Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations.Reuters could not immediately verify the report.
Australia’s Regis to take over Vault, creating A$10.7 billion gold producer
The combination would create a miner with production of 700,000 ounces of gold a year
OCBC, CGSI lower respective target prices for MLT; awaits stabilisation in China portfolio
The Edge Singapore - Andy Wong of OCBC Group Research has upgraded his call for Mapletree Logistics Trust to "buy" as he sees value emerging even amid a challenging operating environment. For one, MTL's significant portfolio in China will need more time to stabilise. "Persistent foreign exchange head ...
DBS, RHB raise Sheng Siong target prices on expansion runway, CGSI holds steady
Shikhar Gupta - Its diversified supply base mitigates the risk of major disruptions from the Middle East conflict, says RHB
Ayala’s Acen slows funding push after profit slump, shelved rights offer
The clean-energy player is shifting from rapid expansion to disciplined execution
Hedge fund firm Aspect offers China strategy to global investors
Macroeconomic developments have also heightened the importance of commodities in investment portfolios
UltraGreen.ai secures regulatory approval for Verdye in Singapore
Teo Zheng Long - UltraGreen.ai (SGX: ULG ) announced that it secured regulatory approval for Verdye (indocyanine green for injection) in Singapore. The company believes this approval is a strategic step in its Southeast Asia growth strategy, which will help in expanding its addressable market and strengthening its p ...
Some Singapore firms eye US expansion despite trade and regulatory challenges
Firms remain drawn by access to capital, potential partnerships and opportunities within the US innovation ecosystem.
MetaOptics files registration statement to list on Nasdaq
Felicia Tan - MetaOptics has filed a registration statement to list on the Nasdaq on May 4 (US time). The metalens firm, which listed on the Singapore Exchange’s (SGX) Catalist board in September 2025, said it was eyeing to dual-list on the US bourse in November 2025. In its announcement dated Nov 17, 2025, Met ...
Philippines may need larger rate hike as inflation soars past 7%
The BSP has warned that a prolonged oil price shock could disanchor inflation expectations
