Culture
UOBKH calls a ‘sell’ on SIA, lowers target price after significantly weaker Q1 earnings
UOB Kay Hian (UOBKH) equity analyst Roy Chen downgraded his rating on Singapore Airlines (SIA) to “sell”, with a reduced target price of…
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Culture
Culture
Gold holds gain as markets monitor Trump’s tariff rollout
held an advance - but remained on track for a weekly loss - as the White House unveiled President Donald Trump’s tariff rates on trading…
Culture
3HA Capital to privatise watch-listed CosmoSteel after buyout offer accepted
Shares of watch-listed CosmoSteel will be suspended and eventually delisted, after the offer by investment holding company 3HA Capital to…
Culture
Singapore, Malaysia markets rise, while Taiwan stocks drop as Trump sets new tariff rates
Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US…
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US tariffs’ direct impact on Singapore ‘contained’, but semiconductors and pharmaceuticals still under threat: analysts
The direct downside impact of US tariffs on Singapore’s economy should be “contained”, but threats from sectoral tariffs against…
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Japan alarmed over recent FX moves, its finance minister says
Japan’s Finance Minister Katsunobu Kato said on Friday (Aug 1) that its authorities have been alarmed over recent foreign exchange moves,…
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First Hong Kong stablecoin licences may be issued early next year, HKMA says
The first batch of Hong Kong stablecoin issuer licences is expected to be granted early next year, the Hong Kong Monetary Authority (HKMA)…
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Indofood Agri Resources’ H1 net profit up 13.4% at 337.8 billion rupiah amid higher commodity prices
Indofood Agri Resources on Friday (Aug 1) posted a 13.4 per cent rise in net profit to 337.8 billion rupiah (S$26.6 million) for its first…
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Stocks to watch: OCBC, FLCT, Clas, Jardine Matheson, Keppel Reit, NetLink, Del Monte Pacific
The following companies saw new developments that may affect trading of their securities on Friday (Aug 1): OCBC: The local bank’s net…
Culture
Trump pressures 17 pharma CEOs to cut US drug prices
President Donald Trump sent letters to the leaders of 17 major pharmaceutical companies outlining how they should slash US prescription…
Culture
Britain says EU is removing tariffs on steel under quota
Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and…
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OCBC Q2 profit falls 7% to S$1.82 billion; to pay S$0.41 a share in dividends
The earnings beat the S$1.79 billion consensus forecast by a Bloomberg poll of six analysts OCBC’s net profit for the second quarter…
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Google must open Android to rival app stores: US court
A US federal court ruled on Thursday that Google must open its Android operating system to rival app stores, after the internet giant lost…
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Oil prices fall as Trump’s Aug 1 trade tariff deadline looms
Oil prices declined on Thursday as US President Donald Trump’s Aug 1 tariff deadline loomed over investors, with uncertainty surrounding…
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Amazon cloud computing results fail to impress, shares slide after hours
AMAZON.COM on Thursday forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web…
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Apple revenue forecast beats estimates as iPhone sales soar
Apple forecast revenue well above Wall Street’s estimates on Thursday, following strong June-quarter results supported by customers buying…
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Europe: Stocks end at over one-week low; beverage makers hurt by US tariffs
EUROPEAN shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the…
Culture
US: Stocks end lower after strong start as rally fades
Wall Street stocks finished lower on Thursday, shrugging off strong gains by Microsoft and Meta as traders await key US employment data…
Culture
Lian Huat Building in Tras Street fetches S$90 million, among latest sub-S$100 million Singapore deals
Sub-S$100 million commercial properties continue to be in demand by property investors. Lian Huat Building, an 11-storey freehold…
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Frasers Logistics & Commercial Trust’s portfolio occupancy falls to 92.5%
Frasers Logistics and Commercial Trust (FLCT) on Thursday (Jul 31) reported a lower portfolio occupancy of 92.5 per cent as at Jun 30,…
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US: S&P 500, Nasdaq hit record highs at open
The S&P 500 and the Nasdaq opened at record highs on Thursday (Jul 31), as blockbuster earnings from Meta and Microsoft signalled Big…
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Del Monte Pacific hit by nearly US$800 million in losses from US unit collapse
Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, on Thursday (Jul 31) unveiled a net loss…
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Aoxin Q&M suspends former CEO as part of whistle-blowing investigation
The move follows Dr Shao’s resignation on Jul 22 after a whistle-blower report against him was sent to company’s audit committee Aoxin Q&M…
Culture
Jardine Matheson reports 45 per cent growth in H1 underlying profit to US$798 million
Jardine Matheson Holdings (JMH) reported a 45 per cent growth in underlying profit for the first half of the 2025 financial year to US$798…