Culture
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million United Overseas Insurance (UOI), the general…
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Culture
Culture
US: Stocks open higher as busy week for earnings, data kicks off
[new york] Wall Street’s main indexes opened slightly higher on Monday (Apr 28), as investors braced for a week packed with key economic…
Culture
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture…
Culture
First Sponsor reports subdued market sentiments affecting China property development in Q1 2025
It remains cautiously optimistic that government support this year will contribute to gradual market recovery in country First Sponsor…
Culture
Stoneweg European Reit Q1 DPU falls 3.7% to 3.374 euro cents
The distribution per unit (DPU) of Stoneweg European Real Estate Investment Trust (SERT) declined 3.7 per cent to 3.374 euro cents for the…
Culture
LMIRT Q1 net property income dips 2.4% to S$29.2 million
Lippo Malls Indonesia Retail Trust (LMIRT) on Monday (Apr 28) posted a 2.4 per cent decline in net property income to S$29.2 million for…
Culture
Investing in influencers – Azure Capital partners Gushcloud in fund to support creators, with up to 12.5% returns
The Azure-Gushcloud Entertainment Finance Fund, launched in February 2025, has hit its initial target of raising S$10 million from…
Culture
Sats’ WFS opens US$270 million cargo terminal at JFK Airport
Worldwide Flight Services (WFS) has partnered the Port Authority of New York and New Jersey and global investment manager Realterm to open…
Culture
Asia: Markets mixed on Monday as investors eye trade talks
Asian stocks were mixed on Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald…
Culture
China approves 10 new reactors in nuclear power ramp-up
The nation has 30 under construction, nearly half the global total, and is expected to leapfrog the US to become the world’s largest…
Culture
CapitaLand Ascott Trust gross profit rises 4% in Q1
CapitaLand Ascott Trust’s (Clas) managers said on Monday (Apr 28) that the trust’s gross profit rose 4 per cent year on year in the first…
Culture
ST Engineering wins new contracts worth S$4.4 billion for Q1 2025
ST Engineering announced on Monday (Apr 28) that it secured new contracts valued at approximately S$4.4 billion in the first quarter of…
Culture
TikTok to enter Japan’s e-commerce industry: Nikkei
The Chinese social media platform is looking to expand its business outside of the US, where it awaits a deal that will secure its…
Culture
Trump turbulence throws 60/40 portfolio investment strategy into question
The 60/40 portfolio – allocating 60 per cent of one’s investments to equities and the remaining 40 per cent to bonds – has been a commonly…
Culture
OCBC-GEH saga: Could the insurer’s suspension be resolved through a selective capital reduction?
At OCBC’s annual general meeting on Apr 17, chairman Andrew Lee left no doubt that the banking group has been unmoved by calls for it to…
Culture
China says CK Hutchison’s ports deal must not try to avoid antitrust review
China’s top market regulator said on Sunday (Apr 27) that it was paying close attention to CK Hutchison’s planned sale of most of its…
Culture
Shein hikes US prices as much as 377% ahead of tariff increases
Fast-fashion giant Shein Group raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, in…
Culture
Yangzijiang Financial exploring possibility to spin off maritime investment business
Yangzijiang Financial Holding is exploring the possibility of spinning off its maritime investments segment into a newly incorporated…
Culture
Singapore homes in the Central Business District
Land parcels along Cross Street in the Central Business District have been earmarked for redevelopment for residential use, according to…
Culture
US dollar poised for worst 1st 100 days of presidency since Nixon
A dollar gauge is on track for its worst performance during the first 100 days of a US presidency in data going back to the Nixon era,…
Culture
S-Reits rebound from early April sell-off
Real estate investment trusts in Singapore (S-Reits) have rebounded strongly over the past two weeks, in line with the broader recovery in…
Culture
InnoTek conducts buybacks following robust FY2024
Over the five trading sessions from Apr 17 to 24, institutions were net sellers of Singapore stocks, with net institutional outflow of…
Culture
Elon Musk’s XAI Holdings is in discussions to raise US$20 billion
Elon Musk’s XAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial…
Culture
Nissan to end vehicle production at Wuhan plant-Yomiuri
Nissan Motor will end vehicle production at its Wuhan plant in China during the current business year which ends Mar 31, 2026, the Yomiuri…