Entrepreneurship
HSBC Q1 profit drops 25%; launches US$3 billion share buyback
Published Tue, Apr 29, 2025 · 12:35 PM[HONG KONG] HSBC launched a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit on Tuesday due...
China still backs overseas coal plants despite 2021 pledge, research shows
[SINGAPORE] Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas, according to an analysis of energy investments...
Gold falls on easing trade war concerns; US data awaited
Published Tue, Apr 29, 2025 · 10:47 AM[BENGALURU] Gold prices fell on Tuesday (Apr 29) as easing trade tensions between the US and its trading partners dented the metal’s...
China’s CICC eyes Middle East, South-east Asia in global push
[NEW YORK] China International Capital Corporation (CICC), one of the nation’s largest brokerages, is seeking to tap the growing demand for cross-border financial services in the Persian Gulf and...
Stocks to watch: CapitaLand Ascendas Reit, Sats, Frasers Centrepoint Trust, First Sponsor, Stoneweg Reit, UOI, LMIRT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 29):CapitaLand Ascendas Reit (Clar): The Reit reported a growth in portfolio rental...
Trump to reduce impact of auto tariffs, Commerce secretary says
[WASHINGTON] US President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and...
S&P removes Boeing’s rating from CreditWatch negative on improving aircraft production
Published Tue, Apr 29, 2025 · 06:59 AMS&P has removed Boeing’s rating from CreditWatch negative on improving aircraft production and lower cash burn, the global ratings agency said on...
Three Abu Dhabi giants plan stablecoin backed by UAE’s currency
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price volatility like other digital tokens, such as BitcoinPublished Tue, Apr 29, 2025...
US: Stocks little changed as market awaits big tech results
Published Tue, Apr 29, 2025 · 06:13 AM[NEW YORK] Wall Street stocks finished little changed on Monday in the first day of a news-jammed week that includes earnings from several tech...
LMIRT Q1 net property income dips 2.4% to S$29.2 million
[SINGAPORE] Lippo Malls Indonesia Retail Trust (LMIRT) on Monday (Apr 28) posted a 2.4 per cent decline in net property income to S$29.2 million for the first quarter ended...
