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Malaysia central bank keeps key rate at 3%, flags weaker global outlook
[KUALA LUMPUR] Malaysia’s central bank kept its benchmark interest rate unchanged on Thursday (May 8) despite an expected slowdown in economic growth due to a global trade war.
Bank Negara...
Toyota warns of profit drop as tariff chaos threatens carmakers
[TOKYO] Toyota Motor is bracing itself for a bumpy year, with the Japanese carmaker warning of a slump in profit as global manufacturers scramble to shield themselves from US...
Toyota sees 180 billion yen profit hit in two months from tariffs
[TOKYO] Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two months, with the Japanese...
SeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services
It will set up centres of excellence in product management, artificial intelligence and anti-money laundering[SINGAPORE] Sea’s digital financial services arm has rebranded from SeaMoney to Monee, an umbrella segment...
Unless things take a turn for the worse, the Fed seems comfortable to keep rates on pause indefinitely
[SINGAPORE] The US Federal Reserve does not want any part of US President Donald Trump’s trade war, and it is determined to sit on the sidelines until the extent of...
DBS shares jump more than 2% after earnings beat estimates
[SINGAPORE] DBS shares rose 2.1 per cent or S$0.88 on Thursday (May 8) to reach S$43.64 as at 11.26 am. It bucked the trend among the Singapore banks in...
Zombie oil supertanker in China points to Iran trade workarounds
[HONG KONG] After buckling under pressure from Beijing and Washington, the clandestine supply chain that carries Iranian crude to China is finding new workarounds.
A tanker identifying itself as Global...
Boeing vows to deliver new Air Force One by 2027, US official says
[WASHINGTON] A top US Air Force official said Boeing is proposing to deliver its new version of Air Force One by 2027 as officials look to satisfy US President...
Singapore stocks open weaker as Fed leaves rates unchanged; other Asian markets mixed
DBS up on Q1 results, dividend announcement; Reits among most actively traded counters fall in early trade[SINGAPORE] Singapore stocks opened weaker on Thursday (May 8) following the overnight announcement...
Great Eastern reports 13% higher Q1 profit of S$345.5 million
[SINGAPORE] Great Eastern on Thursday (May 8) posted a 13 per cent year-on-year increase in profit to S$345.5 million for the first quarter ended March, versus S$306.7 million previously....
