BOJ divided over how US policies impact rate hike timing at March meeting, minutes show
TOKYO :Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday."Downside risks stemming from U.S. policies had rapidly heightened a ...
Stocks to watch: DBS, Riverstone, Lendlease Global Reit, Amara, Ban Leong
Isabelle Chong - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 8).
Stocks to watch: DBS, Great Eastern, Riverstone, Lendlease Global Reit, Amara, Ban Leong
Isabelle Chong - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 8).
Bubble tea billionaire ranks swell after latest Hong Kong IPO
Auntea Jenny has focused on South-east Asia, with 30 stores in Malaysia and plans to increase to over 100 stores in the...
Manulife profit rises as Asia, wealth management businesses see strong growth
MANULIFE Financial posted a 3 per cent jump in first-quarter profit on Wednesday, helped by the strong performance of its insurance business...
Granite Asia’s first private credit fund hits US$250 million at first close
Benjamin Cher - [SINGAPORE] Granite Asia announced that it has secured over US$250 million from anchor investors for its first private credit fund, Libra Hybrid...
Granite Asia’s first private credit fund hits US$250 million
Benjamin Cher - Libra Hybrid Capital Fund’s key strategy is to offer secure loans to mid-market companies in Asia-Pacific as they scale regionally and globally
Cash-strapped Beyond Meat gets US$100 million from diet non-profit
The loan from Ahimsa comes as the company reported an increasingly dimmed revenue outlook
DBS boosts allowance reserves amid uncertainties, Q1 profit beats views
SINGAPORE: Singapore's biggest bank, DBS Group, boosted its general allowance reserves amid heightened macroeconomic and geopolitical uncertainty on Thursday (May 8) after posting a 2 per cent year-on-year drop in first-quarter net profit, which beat expectations. "Recent escalations in tr ...
Robinhood plans blockchain to trade US assets in Europe
BlackRock, Franklin Templeton and Apollo all have launched their tokenised funds in recent years
US Fed pauses rate cuts again and warns of inflation, unemployment risks
WASHINGTON: The US Federal Reserve on Wednesday (May 7) announced another pause in rate cuts and warned of higher risks to its inflation and unemployment goals, in a likely reference to President Donald Trump's tariff ro
Trump administration to rescind and replace Biden-era global AI chip export curbs
US PRESIDENT Donald Trump’s administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, a...
Federal Reserve chair says Trump criticism ‘doesn’t affect doing our job at all’
[WASHINGTON] Federal Reserve Chair Jerome Powell said on Wednesday that US President Donald Trump’s vocal criticism of the central bank’s interest rate...
DBS’s 1QFY2025 net profit down by 2% y-o-y to $2.9 bil; declares total dividend of 75 cents per share
Felicia Tan - DBS Group Holdings has reported a net profit of $2.9 billion for the 1QFY2025 ended March 31, 2% lower y-o-y, but slightly above the Bloomberg estimate of $2.868 billion. The slight decline y-o-y was due to higher tax expenses from the implementation of the 15% global minimum tax. The bank's re ...
DBS Q1 profit falls 2% to S$2.9 billion; pays S$0.75 per share in dividends
Tan Nai Lun - Profit before tax up 1% on the year to a record S$3.44 billion
DBS Q1 profit falls 2% to S$2.9 billion; pays S$0.75 in dividends
Tan Nai Lun - [SINGAPORE] DBS’ net profit for its first quarter fell due to higher tax expenses from the implementation of the 15 per cent...
Google shares plunge after Apple executive’s court testimony
[WASHINGTON] Shares in Google parent Alphabet plunged more than eight per cent on Wednesday after Apple executive Eddy Cue testified in federal...
Tesla's 'Robotaxi' trademark refused for being too generic, TechCrunch reports
The U.S. Patent and Trademark Office has refused Tesla's attempt to trademark the term "Robotaxi" in reference to its vehicles, TechCrunch reported on Wednesday, citing a filing.Another application by Tesla to trademark the term "Robotaxi" for its upcoming ride-hailing servi ...
Microsoft to urge senators to speed permitting for AI, boost government data access
WASHINGTON :Microsoft President Brad Smith on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony seen by Reuters."America’s advanced economy relies on 50 ...
Google cuts about 200 staff in global business unit, The Information reports
Google on Tuesday cut about 200 employees across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with knowledge of the situation.(This story has been refiled to fix a typo in paragraph 1)
Oil settles lower as hopes dim for US-China trade and supply worries ease
[NEW YORK] Oil prices fell by more than US$1 a barrel on Wednesday as investors doubted that upcoming US-China trade talks will result in...
Europe: Shares slip as investors assess earnings, await Fed rate decision
EUROPEAN shares ended lower on Wednesday, pausing after weeks of strong gains, while investors monitored a raft of corporate earnings ahead of...
Great Eastern reports 1QFY2025 earnings of $345.5 mil; business climate expected to be ‘challenging’, says CEO
Felicia Tan - Great Eastern Holdings has reported earnings of $345.5 million for the 1QFY2025 ended March 31, 13% higher y-o-y. Profit from the group's insurance business rose by 4% y-o-y to $246.8 million due to steady growth. Meanwhile, profit from Great Eastern's shareholders' fund surged by 40% ...
US: Stocks end higher on Wednesday as Fed meeting holds no surprises
[NEW YORK] Wall Street stocks finished higher on Wednesday following a choppy session as the Federal Reserve kept interest rates unchanged, while Google-parent Alphabet...
UBS cuts bond, loan sale outlook by US$235 billion on trade tumult
[NEW YORK] UBS Group lowered its forecast for US corporate debt issuance this year, citing volatility tied to US President Donald Trump’s...
US Fed holds back on rate cut, citing rising risk of higher inflation; economy is solid but faces tariff threat
[WASHINGTON] The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding...
US Fed leaves interest rates unchanged, cites rising risk of higher inflation and unemployment
[WASHINGTON] The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding...
US school districts facing extortion attempt after hack, software provider says
DETROIT :Hackers have tried to extort "multiple" school districts in the United States using previously stolen data from education software and cloud provider PowerSchool, the company said in a statement on Wednesday.The California-based provider, which serves more than 60 million students ...
OpenAI and US FDA hold talks about using AI in drug evaluation, Wired reports
OpenAI and the U.S. Food and Drug Administration have been meeting to discuss the health regulator's use of AI, technology news platform Wired reported on Wednesday, citing sources with knowledge of the meetings. Sources close to the project say a small team from OpenAI has met with the FDA and ...
South Korea FX reserves drop to lowest in 5 years on market stabilising efforts
SEOUL :South Korea's foreign exchange reserves dropped to the lowest level in five years in April, caused by market stabilising measures to ease the impact of global trade volatility. Reserves stood at $404.67 billion at the end of April, down $4.99 billion, central bank data showed on Thursday ...
TASER maker Axon raises annual revenue forecast, shares jump
TASER maker Axon Enterprise raised its full-year revenue forecast on Wednesday, banking on sustained demand for its software products and security devices, sending its shares up more than 7 per cent after the bell.The Arizona-based company makes law enforcement technology such as body cameras, drone ...
Fanduel owner cuts US profit forecast on gamblers' winning streak
DUBLIN :Fanduel-owner Flutter cut its forecast for full-year U.S. profit growth on Wednesday after a winning streak for gamblers hit earnings at the world's largest online betting company for the second quarter in a row.Bookmakers tend to suffer when favourites win and Flutter expects U.S. core ...
Bumble reassures investors as first-quarter revenue meets expectations
Bumble reported a more than 7 per cent fall in first-quarter revenue on Wednesday, but met Wall Street estimates, soothing some investor worries over stiff competition as it revamps its dating apps and cuts costs.Shares of the company jumped 7 per cent in extended trading.The online dating industry ...
Bumble reassures investors as Q1 revenue meets expectations
Bumble reported a 7.7 per cent fall in first-quarter revenue on Wednesday, but met Wall Street estimates, soothing some worries over stiff competition as it revamps its dating apps to attract more subscribers and cuts costs.Shares of the company jumped 9 per cent in extended U.S. trading.The online ...
