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 tariffs on China ahead of a key weekend…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Biden’s Pathetic Rehabilitation Tour
The man who shuffled off stage last year in the middle of the play has shuffled back on to it. Source link
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 million in the same period the previous year. The…
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 steel market pressured by China’s exports and the…
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 3.2 per cent on-year to 6.7 billion baht (S$263.5…
Reckoning with GDP: Accounting Versus Economics
Never confuse an accounting identity with a causal economic relationship. Source link
The Week: An American Pope
Plus: Warren Buffett is hanging it up Source link
Mark Carney Will Lose the Standoff with Trump
He has no good options. Source link
To Counter China, the U.S. Must Fight Malaria
The administration would do well to treat counter-malaria as a blueprint — not just for saving lives, but for winning the competition that defines our era. Source link
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 less money than expected for souring loans. Net…
Analysts raise price targets on DBS after Q1 earnings
Analysts raised price targets for shares of DBS, following its first quarter results release on Thursday (May 8). The bank’s net profit at S$2.9 billion for the three months ended Mar 31 -…
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 Donald Trump’s trade war. The stock index rose as…
Indonesia eyes cut in fuel imports from Singapore as part of tariffs negotiations
Indonesia could shift as much as 60% of its total fuel imports from Singapore to the United States in the early stages Indonesia plans to change the source of some of its fuel…
Foreign banks sell record Indian sovereign debt as tensions rise
Foreign banks sold a record amount of Indian government bonds on Thursday (May 8), as a growing border conflict with Pakistan weighs on investor sentiment. They sold a net US$1.2 billion…
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 fall as much as 6 per cent this quarter because of…
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 headwinds, especially if the market continues to be…
Direct impact of trade tariffs affects about 3% of OCBC’s loan book; portfolio remains ‘resilient’
Current trade tariffs are expected to have a “first-order impact” on 3 per cent of OCBC’s loan book, group chief financial officer Goh Chin Yee said at the bank’s first-quarter earnings…
Asia: Stocks lifted by hopes for US-China talks after UK deal
Most Asian equities rose on Friday (May 9) on growing optimism that the worst of US President Donald Trump’s trade war is past after he reached a deal with Britain and suggested he could…
From Apple to GM, tariffs to cost companies tens of billions
From Apple to General Motors (GM), corporate America is bracing for tens of billions of US dollars in damages from Trump’s trade war – and that’s before most affected goods have landed.…
How the Singapore dollar could perform against the greenback this year
Fading US exceptionalism could pave the way for further appreciation of the Singapore dollar against the greenback, said analysts. The Singdollar surged to around 1.29 per US dollar on…
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million in the year-ago period. The surge was largely due…
ST Engineering posts 8% rise in Q1 revenue to S$2.9 billion
ST Engineering’s revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding year-ago period, on the back of broad-based growth…
A Day in the Live-Streamed Life of Donald Trump
In Donald Trump’s first term, he reinvented many things about how the job of President was done. The strictly scheduled day of his predecessors—the rigid procession of fifteen-minute…
OCBC Q1 profit falls 5% to S$1.88 billion; beats expectations
OCBC’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months ended March 31, 2025 stood at S$1.88 billion,…