Fashion
Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
[ad_1] [SHANGHAI] Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47 per cent to 14.7 billion yuan (S$2.6 billion) as its domestic platform suffered from intense local competition...
New Zealand central bank cuts cash rate by 25 bps
[ad_1] Published Wed, May 28, 2025 · 10:39 AM[WELLINGTON] New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 3.25 per cent on Wednesday, as...
Australia: Shares at 3-month high ahead of inflation data; RBNZ decision in focus
[ad_1] AUSTRALIAN shares climbed on Wednesday, reaching their highest levels in more than three months, supported by strength in banking and mining stocks ahead of the release of April inflation...
Gold stages rebound as US dollar, Treasury yields slip
[ad_1] Published Wed, May 28, 2025 · 09:38 AM[BENGALURU] Gold prices gained on Wednesday (May 28), helped by a slight retreat in the US dollar and lower US bond yields...
Stocks to watch: OCBC, Amara, Valuetronics
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 28).OCBC: The bank announced on May 27 key leadership changes to its...
Valuetronics posts 3.1% higher H2 profit of HK$79.9 million
[ad_1] [SINGAPORE] Electronics manufacturing services provider Valuetronics on Wednesday (May 28) posted net profit of HK$79.9 million (S$13.1 million), up 3.1 per cent from HK$77.4 million in the same year-earlier...
GM to invest US$888 million for engine production at New York facility
[ad_1] Published Wed, May 28, 2025 · 07:39 AM[DETROIT] General Motors is investing US$888 million at a New York propulsion plant to increase engine production and build a next-generation V8,...
Toyota sends first half of US$500 million pledge to air taxi maker
[ad_1] Joby says recently it now aims to start commercial services in Dubai by early 2026 after having previously targeted the end of this yearPublished Wed, May 28, 2025 ·...
Apple to debut dedicated gaming app within days of Switch 2’s arrival
[ad_1] [LOS ANGELES] Apple is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it’s a leader in the...
Oil prices ease as US-Iran talks, Opec+ plans spur supply concerns
[ad_1] [HOUSTON] Oil prices settled 1 per cent lower on Tuesday as investors worried about a supply glut after Iranian and US delegations made progress in their talks and on expectations that...
MAS proposes to remove some exemptions from advertisement regulations to better protect consumers
[ad_1] [SINGAPORE] The Monetary Authority of Singapore (MAS) is proposing to amend financial advertisement requirements in a bid to boost protection for consumers.MAS currently requires financial institutions (FIs) to ensure...
Salesforce to acquire Informatica for $8 billion in latest AI push
[ad_1] Software company Salesforce said Tuesday it’s buying Informatica, which provides businesses with artificial-intelligence-powered data management tools, for $8 billion. The acquisition, one of Salesforce’s largest purchases, underscores how Bay...