Entrepreneurship
BMW sticks to 2025 outlook, but warns US tariffs will bite this quarter
Most of BMW’s rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecastsPublished Wed, May 7, 2025 · 03:18 PM[FRANKFURT] German premium carmaker BMW on Wednesday (May...
Temu, Shein see US sales drop in week after tariff price hikes
[NEW YORK] Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US tariffs, an initial sign...
Hong Kong dollar interest rate falls most since 2008 after intervention
[NEW YORK] The Hong Kong dollar’s funding costs plunged the most since 2008, as the monetary authority’s intervention to defend the currency peg helped boost liquidity in the financial...
UOB not ‘overly alarmed’ by US tariff situation, impact unlikely to match Covid-era: Wee Ee Cheong
[SINGAPORE] A strong balance sheet and capital base will help UOB navigate uncertainties arising from US tariffs, said deputy chairman and chief executive officer Wee Ee Cheong. Speaking at...
Asia: Stocks rise as China-US trade talks boost optimism
[HONG KONG] Asian equities rose on Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row...
Australian dollar hits new five-month high on US-China trade talks
[SYDNEY] The Australian dollar hit a new five-month peak on Wednesday, buoyed by progress in US-China trade talks scheduled for later this week, while the New Zealand dollar found...
Gold slips on US-China trade talk hopes; traders eye Fed policy
Published Wed, May 7, 2025 · 09:29 AM[BENGALURU] Gold prices fell on Wednesday (May 7) as optimism over potential US-China trade talks weakened demand for safe-haven assets, while investors...
Frasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03 amid challenges in commercial portfolio
[SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended...
Stocks to watch: UOB, Sats, FLCT, Aims Apac Reit, Acrophyte Hospitality Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 7).UOB: The bank’s net profit for its first quarter was flat amid...
Trump hosts LVMH boss as tariffs threaten luxury goods
Published Wed, May 7, 2025 · 07:58 AM[WASHINGTON] US President Donald Trump hosted the head of luxury giant LVMH, Bernard Arnault, at the White House on Tuesday (May 6)...
