Culture
Luxury labels ditch steep China discounts to rebuild brand value
[HONG KONG] Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less...
Paramount beats estimates as streaming results pick up
[NEW YORK] Paramount Global, the parent of CBS and MTV, reported first-quarter results that beat analysts’ estimates, reflecting the improving performance of its Paramount+ streaming platform. Revenue totalled US$7.19...
Far East Orchard Q1 net profit more than doubles to S$17.3 million
[SINGAPORE] Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar 31, 2025, from S$6.9 million the...
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
[LONDON] The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US...
Australia exchange operator proposes IPO reforms to revive listings
[SYDNEY] The Australian Securities Exchange (ASX) on Thursday (May 8) unveiled a series of proposed reforms aimed at enhancing the global appeal of Australia’s capital markets and revitalising its...
Weakening US dollar expected to yield mixed impact for Singapore companies with significant exposure
[SINGAPORE] Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the world’s largest economy. But market...
Emirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate taxPublished Thu, May 8, 2025 · 04:02 PM[DUBAI] Dubai’s Emirates Group, which includes the...
Maersk cuts global container market outlook on tariff war
Maersk sees global container volume market in the range of 1% decline to growth of 4% this yearPublished Thu, May 8, 2025 · 03:18 PM[COPENHAGEN] AP Moller-Maersk, the Danish...
Toyota sees 180 billion yen profit hit in two months from tariffs
[TOKYO] Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two months, with the Japanese...
Toyota warns of profit drop as tariff chaos threatens carmakers
[TOKYO] Toyota Motor is bracing itself for a bumpy year, with the Japanese carmaker warning of a slump in profit as global manufacturers scramble to shield themselves from US...
SeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services
It will set up centres of excellence in product management, artificial intelligence and anti-money laundering[SINGAPORE] Sea’s digital financial services arm has rebranded from SeaMoney to Monee, an umbrella segment...
