News
Stocks to watch: Yangzijiang Shipbuilding, Metro
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 23).Yangzijiang Shipbuilding: The marine vessel manufacturer reported that its year-to-date order wins...
US panel divided over Nippon Steel bid for US Steel but path forward seen, says official
[WASHINGTON] A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel’s bid for US Steel but most panel members believe any security risks...
Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billionPublished Thu, May 22, 2025 · 09:02 PM [WASHINGTON] Ralph Lauren surpassed quarterly revenue estimates on Thursday...
Xiaomi billionaire touts new Chinese chip in tech showcase
[BEIJING] Xiaomi’s billionaire founder outlined plans Thursday (May 22) to outfit its top-end devices with advanced homegrown mobile processors, showcasing the company’s ambitions to expand its tech portfolio and...
BYD beats Tesla in Europe for first time with 169% sales surge
Published Thu, May 22, 2025 · 07:01 PM[FRANKFURT] BYD sold more electric vehicles in Europe than Tesla for the first time, overtaking the American brand that’s long led the...
Can these short films convince people that AI is a force for good?
MOUNTAIN VIEW — For decades, Hollywood directors including Stanley Kubrick, James Cameron and Alex Garland have cast artificial intelligence as a villain that can turn into a killing machine. Even Steven...
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to...
Latest Singapore six-month T-bill cut-off yield slides to 2.2%
The auction received S$18.1 billion in applications for the S$7.5 billion on offer[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.2 per cent, according...
Goldman Sachs combines Asia investment banking units, names Drayton APAC head
Published Thu, May 22, 2025 · 01:23 PM[HONG KONG] Goldman Sachs is bringing together previously separately-managed three Asian investment banking businesses into one unit to integrate its regional deals advice and...
US accepts Qatar luxury jet as Trump’s new Air Force One
[WASHINGTON] The Defense Department formally accepted a luxury Boeing 747-8 jumbo jet from Qatar to temporarily serve as the new Air Force One for US President Donald Trump, one...
