Miu Miu’s momentum powers Prada sales growth
Net revenues at Italian luxury group Prada rose 12.5 per cent at constant exchange rates in the first quarter, slightly above analysts expectations, thanks to a 60 per cent jump…
Section
Fashion
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to £4.8 million (S$8.4 million) in Q1 2025, from £4.4…
Maybank names Shafiq Abdul Jabbar as new group chief financial officer
He takes over from Khalijah Ismail, who was dismissed by the bank earlier this year following an internal inquiry Maybank has appointed Shafiq Abdul Jabbar as its new group chief financial…
Singapore stocks rise on Wednesday, snapping four-day losing streak; STI up 0.7%
Across the broader market, gainers beat decliners 288 to 177, after 971.8 million securities worth S$1.4 billion change hands Equities on the Singapore bourse rose on Wednesday (Apr 30),…
Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the US dollar, according to…
Thailand’s central bank cuts key rate by 25 bps
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming economy facing…
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming economy facing…
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment portfolio in the secondary market, two sources with…
HKEX posts record quarterly profit on trading, listings boom
Hong Kong’s dealmakers are optimistic of a flurry of secondary listings from mainland-traded Chinese firms this year Hong Kong’s stock exchange churned out a record profit last…
UBS Q1 profit tops expectations on tariff-driven volatility in markets
S bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence in the wake of US tariff…
Chinese solar losses deepen even before worst of trump tariffs
Chinese solar manufacturers continue to plunge deeper into the red, and the outlook is getting gloomier as sky-high tariffs on exports threaten to compound domestic oversupply. Five of the…
Pop Mart holder sells US$101 million stake after shares hit record
The toy company is the top gainer in the MSCI China Index over the last 12 months, with its shares jumping more than 470 per cent An investor in Pop Mart International Group,…
Meta launches standalone AI app to compete with ChatGPT
Meta Platforms released a new standalone artificial intelligence (AI) app on Tuesday (Apr 29) in a bid to compete with other popular chatbots such as OpenAI’s ChatGPT. The AI assistant,…
Gold prices steady as investors await key US data, tariff updates
Gold prices held their ground on Wednesday (Apr 30) as investors awaited potential trade developments between the United States and its trading partners and also key US inflation…
China asks drugmakers, hospitals to find US import substitutes
China has asked some of its state-owned drugmakers to study how they can reduce reliance on the US for pharmaceutical products and raw materials, sources familiar with the matter said, as…
CDL Hospitality Trusts Q1 NPI slides 14.2% to S$30 million on lower revenue
Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 14.2 per cent to S$30 million for the first quarter ended March 31, from S$34.9 million in the year-ago period. Revenue…
Electronic Arts lays off hundreds, cancels ‘Titanfall’ game
Electronic Arts (EA) is laying off hundreds of workers and cancelling a Titanfall game that was in development at its Respawn Entertainment subsidiary. Between 300 and 400…
Trump tempers auto tariffs, winning cautious praise from industry
US President Donald Trump moved on Tuesday to soften tariffs on automakers, sparking cautious optimism in an industry that has been on tenterhooks as it awaits details on the fast-evolving…
Oil prices fall 2% to two-week low as trade war concerns dampen demand outlook
Oil prices fell about 2 per cent to a two-week low on Tuesday as investors braced for Opec+ to boost output and worried US President Donald Trump’s tariffs would hit the global economy and…
US: Stocks rally as Trump tempers auto tariffs
Wall Street stocks rose on Tuesday as markets digested mixed earnings while applauding a move by President Donald Trump to ease tariffs on automakers. Trump’s pivot includes…
'Hostile and political act': White House clashes with Amazon over idea to disclose tariff costs
The White House on Tuesday blasted Amazon over a proposal to show the cost of President Trump’s tariffs next to the price of some products on its e-commerce site. “This is a hostile and…
ST Engineering unit to issue US$750 million 4.25% notes due 2030
They will be issued under the company’s S$5 billion global medium-term note programme A wholly owned subsidiary of Singapore Technologies Engineering (ST Engineering) has priced US$750…
Ferrari unveils 400,000 euro hybrid supercars for collectors
[Maranello, Italy] Ferrari unveiled new special editions of its best-selling sports car, the 296, in a bid to extend the life of the model and cash in on an incremental boost in…
Malaysia's Petronas and Commonwealth LNG in talks for term supply
Petronas is in talks to buy at least one million metric tons per annum (mtpa) of LNG from Commonwealth LNG Malaysian state-owned oil and gas firm Petroliam Nasional, or Petronas,…