Entrepreneurship
Nio’s May deliveries up 13.1% as Firefly rolls out, but stock hovers near 52-week low
[SINGAPORE] Chinese electric vehicle (EV) maker Nio delivered 23,231 vehicles in May, marking a 13.1 per cent increase year on year, the company said in a regulatory filing on...
HSBC to inject US$4 billion into its private credit funds
Banks have been trying to muscle in, with some such as Citi and UBS partnering with existing players Apollo and General AtlanticPublished Mon, Jun 2, 2025 · 01:20 PM[LONDON]...
Philippines eyes India, Thailand rice to cut Vietnam reliance
[MANILA] The Philippines, the world’s top rice importer, plans to look beyond its dominant supplier, Vietnam, to ensure steady supplies and competitive prices at home.The agriculture department is in...
Asia: Stocks fall as Trump fires fresh volley in trade war
[HONG KONG] Asian stocks sank on Monday (Jun 2) after US President Donald Trump last week lobbed a fresh trade missile by doubling tariffs on steel and aluminium and...
Federal Reserve still open to cutting interest rates later this year, says governor
[SEOUL] US Federal Reserve governor Christopher Waller said on Monday (Jun 2) that interest rate cuts remain possible later this year even with the Trump administration’s tariffs likely to...
Grab makes move to enter motor insurance market in Singapore
[SINGAPORE] GrabInsure, the insurance arm of the Grab group, is gearing up to enter Singapore’s motor insurance market.Some industry insiders said the move could deal a blow to the...
Stamford Land H2 profit falls 14.2% to S$17.6 million on lower contributions from property development segment
[SINGAPORE] Property company Stamford Land reported a 14.2 per cent fall in net profit to S$17.6 million for its second half ended March, from S$20.6 million in the year-ago...
Big Tech is back in S&P 500 driver’s seat as profit engines hum
[SAN FRANCISCO] The same technology giants that helped drag the S&P 500 to the brink of a bear market in April are giving the recovery in US equities some...
Gold seen maintaining upward momentum
GOLD has been one of the standout asset classes this year. As at May 28, gold was up 26 per cent year-to-date, briefly breaking above the US$3,500 per ounce...
Dubai expects to shine in times of volatility due to stability, talent attraction
[DUBAI] Towering skyscrapers, luxury megamalls, and sprawling beach resorts. Dubai has consistently been one of the top cities for expat migration, and it is showing no signs of slowing...
