Culture
Malaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare…
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Culture
Culture
Singapore shares rise amid Wall Street’s overnight gain; STI up 0.2%
Across the broader market, decliners trail gainers 195 to 263, after one billion securities worth S$1 billion change hands Singapore…
Culture
Japan’s Honda to scale back on electric vehicles, concentrate on hybrids
The company says it expects to sell 2.2 million to 2.3 million hybrid vehicles by 2030 Honda Motor said on Tuesday (May 20) that it was…
Culture
Japan’s 20-year bond auction gets weakest demand since 2012
The sale comes after a recent surge in longer Japanese bond yields and increased volatility owing in part to US President Donald Trump’s…
Culture
Billionaire Richard Li's FWD Group again files for Hong Kong listing
Its previous attempts to go public were scuttled by regulatory delays and market volatility Group, a Hong Kong-based insurer backed by…
Culture
Apple partner Foxconn injects US$1.5 billion into India unit
Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from…
Culture
JPMorgan says interest income could rise this year even as uncertainty persists
JPMorgan Chase could earn more from interest payments this year as consumers and businesses remain resilient despite economic uncertainty,…
Culture
US: Wall St opens lower after Moody's rating cut; yields rise
Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating,…
Culture
Q&M Dental cash offer for Aoxin Q&M shares to close on Jun 16
Offeror does not intend to revise offer price nor or extend offer beyond closing date Q&M Dental Group said on Monday (May 19) that its…
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DFI Retail Group’s Q1 underlying profit falls 18% on sale of Chinese supermarket
DFI Retail Group’s underlying profit for Q1 2025 fell 18 per cent compared with the same period a year ago, due to the divestment of…
Culture
Guinness-owner Diageo plans cost cuts, asset sales to reduce debt
Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of…
Culture
Greenback rises to fourth straight weekly gain on latest US economic data
THE dollar strengthened on Friday (May 16) after the latest round of economic data showed a rebound in import prices while consumer…
Culture
US: Wall St opens higher ahead of US-China weekend meet
Wall Street’s main indexes opened higher on Friday (May 9) as investors assessed fresh remarks from President Donald Trump regarding US…
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Jumbo’s H1 profit down 10.6% at S$7.9 million amid heightened F&B competition
Restaurant operator Jumbo Group reported a 10.6 per cent decline in profit to S$7.9 million for the six months ended March 31, down from…
Culture
SIA Engineering H2 net profit up 87.3% at S$70.8 million
SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8…
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Nippon Steel expects profit to drop 43% this year, US steel decision by early June
Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global…
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ThaiBev Q2 profit down 3.2% at 6.7 billion baht; declares dividend of 0.15 baht per share
Chang beer maker Thai Beverage (ThaiBev) on Friday (May 9) announced that its profit for the second quarter ended Mar 31, 2025, lowered…
Culture
UMS Integration Q1 earnings nearly flat at S$9.8 million
Semiconductor player UMS Integration on Friday (May 9) reported profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost…
Culture
Commerzbank profit unexpectedly rises in boost to CEO Orlopp
Commerzbank’s first-quarter profit unexpectedly rose to the highest in 14 years as commissions increased, and the German lender set aside…
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Germany’s DAX Index hits record high after tariffs round trip
Germany’s DAX Index became the first major European gauge to surpass its March record high, recouping all declines sparked by US President…
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China’s top chipmaker SMIC plunges after projecting lower sales
Semiconductor Manufacturing International Corporation (SMIC) plunged on Friday (May 9) after China’s leading chipmaker warned sales could…
Culture
OCBC keeps 2025 guidance, but loan growth targets could be buffeted by headwinds: CEO Helen Wong
OCBC is keeping its financial targets for 2025, but noted that its loan growth guidance of a mid-single digit will likely see the most…
Culture
Indonesia seeks to end rice imports this year as output jumps
Indonesia is set to stop importing rice this year for the first time in decades, thanks to surging production and stockpiles in one of the…
Culture
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…