Yangzijiang Financial H1 net profit up 28% at S$137.7 million
Yangzijiang Financial Holding posted a 28 per cent rise in net profit to S$137.7 million for its first half ended Jun 30, from S$107.4 million in the previous corresponding period. This…
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Singapore shares slip despite upgraded 2025 growth outlook; STI down 0.3%
Stocks on the local bourse ended lower on Tuesday (Aug 12) for the third consecutive session. The decline occurred despite gains in most regional markets, and an upgrade in Singapore’s…
Wilmar H1 profit rises 2.6% on improved plantation, sugar milling and food product segments
Agribusiness Wilmar International on Tuesday (Aug 12) reported a net profit of US$594.9 million for the first half ended Jun 30, up 2.6 per cent from US$579.6 million in the year-ago…
Hong Leong Asia H1 net profit rises 13.1% to S$56 million
Hong Leong Asia posted a 13.1 per cent rise in net profit to S$56 million for the first half of its financial year ended Jun 30, 2025, from S$49.5 million in the previous corresponding…
Top Philippine bank likely to sustain record profit, CEO says
BDO Unibank, the Philippines’ biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its chief executive said, easing investor worries over the…
Norway’s US$1.9 trillion wealth fund returns 5.7% in H1
Norway’s sovereign wealth fund returned 5.7 per cent and slightly missed its target in the first six months of 2025. The US$1.9 trillion fund’s return was led by equities, which rose by…
M1-Simba, Starhub-MyRepublic consolidations: a crowded telco market through the years
Developments of telecommunications companies consolidating dominated this week, after many years of speculation. News broke on Tuesday (Aug 12) of StarHub buying the rest of MyRepublic…
DBS China signs MOU with two other parties to advance carbon credit trading
DBS China on Tuesday (Aug 12) signed a memorandum of understanding with a subsidiary of China-Singapore Suzhou Industrial Park Development Group (CSSD) and Climate Impact X (CIX), in a bid…
Trump open to Nvidia selling scaled-back Blackwell to China
US President Donald Trump signalled on Monday (Aug 11) that he’d be open to allowing Nvidia to sell a scaled-back version of its most advanced AI chip to China. Trump said that he would…
Trump holds high-stakes meeting with Intel CEO after calling for his resignation
US PRESIDENT Donald Trump said he met with Intel CEO Lip-Bu Tan on Monday, days after seeking his resignation, praising Tan and calling the meeting “a very interesting one.” Shares of the…
US Fed chair search expands to include Bowman, Jefferson and Logan
The US Federal Reserve’s two vice-chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed president Lorie Logan are under consideration to serve as chair of the central bank when the…
US: Wall St opens flat as chip stocks dip on China sales deal
Wall Street’s main indexes opened flat on Monday (Aug 11) as major chip companies slipped on the eve of a key tariff deadline after a trade policy shift that involves sharing a…
Singapore Flyer operator Straco H1 profit down 49% at S$5.4 million
Tourist attraction developer and operator Straco has posted a 49 per cent decrease in net profit to S$5.4 million for the first half ended Jun 30, down from S$10.5 million in the previous…
‘Not the marriage we expected’: analysts surprised by Simba’s acquisition of M1
The surprising union of M1 and Simba Telecom has left StarHub behind its competitors, analysts said. The deal defied industry expectations of a StarHub-led consolidation, with Paul Chew…
SIA to adjust conversion price of 1.625% convertible bonds in view of dividend
The revised amount of S$4.6761 takes into account the final dividend per share of S$0.30 National carrier Singapore Airlines (SIA) will adjust the conversion price of its 1.625 per cent…
Singapore stocks fall amid cautious market sentiment; STI down 0.2%
Local shares closed lower on the first trading day of the week, tracking a mixed performance across Asian markets, as investors braced for geopolitical developments and key corporate…
CGSI downgrades UOB to ‘hold’ following softer loans growth expectation; near-term outlook ‘uncertain’
CGS International (CGSI) analysts Tay Wee Kuang and Lim Siew Khee on Friday (Aug 8) downgraded local bank UOB to a “hold” call from a prior “add” rating on the back of “earnings…
Sembcorp Industries downgraded to ‘hold’ by Maybank on drop in net profit
Maybank equity analyst Krishna Guha downgraded his rating on Sembcorp Industries to “hold” on Monday (Aug 11), with a reduced target price of S$6.40 from S$7.10 after the industrial player…
Gold slips as dollar firms, investors book profit; US data on tap
Gold prices slipped on Monday (Aug 11) as the US dollar strengthened and some investors locked in profits after a recent rally, with markets now focused on upcoming US inflation…
Oil prices fall as market eyes US-Russia talks on Ukraine
Oil prices fell in early Asian trading on Monday, extending declines of more than 4 per cent last week on higher US tariffs on its trading partners, an Opec output hike, and…
China reshuffles soy trade to counter local glut and US tensions
China has long worried about its shortage of soybeans, solidifying its status as the world’s biggest buyer to the benefit of farmers from the US to Brazil. But as its economy slackens, the…
CATL suspends output at China lithium mine for three months
Battery giant Contemporary Amperex Technology Co Limited (CATL) has suspended production at a major lithium mine in China’s Jiangxi province for at least three months, according to sources…
Australia set to cut rates, governor stay coy on policy outlook
Australia’s central bank is poised to deliver its third interest-rate cut this year as inflationary pressures ebb, while governor Michele Bullock is expected to stick with her cautious…
Powerful 6.1 Magnitude Earthquake Hits Turkey Flattening Buildings as Rescue Workers Scramble to Clear Rubble
A powerful 6.1-magnitude earthquake hit Turkey, with reports suggesting that several buildings have collapsed. The earthquake's epicenter was located in Sindirgi, Balikesir, in western…