News
Stocks to watch: UOB, FLCT, Aims Apac Reit, Acrophyte Hospitality Trust, Sats
[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...
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
[WASHINGTON] The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across offices and divisions...
Delta must face passenger lawsuit over massive computer outage
DELTA Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or cancelling their flights following a massive computer...
Oil rises 3% on signs of more Europe and China demand, less US output
[NEW YORK] Oil prices climbed about 3 per cent on Tuesday on signs of higher demand in Europe and China, lower production in the US, tensions in the Middle East...
US: Wall St opens lower on fresh tariff threats
Published Tue, May 6, 2025 · 09:48 PM[NEW YORK] Wall Street’s main indexes opened lower on Tuesday, after US President Donald Trump’s latest plans for pharma tariffs further dampened...
Citigroup to partner with Swiss bourse in private markets push
Published Tue, May 6, 2025 · 07:19 PM[ZURICH] Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make...
Singapore shares end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the benchmark index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most[SINGAPORE] Stocks on the local bourse ended higher on Tuesday (May...
Fashion retailer Hugo Boss reports better-than-expected Q1 revenue
The company posted first-quarter revenue of 999 million euros (S$1.46 billion), slightly below the 1.01 billion euros a year earlierPublished Tue, May 6, 2025 · 04:01 PM[BERLIN] German fashion...
Maybank lowers target price of CSE Global to S$0.58 but remains ‘top pick’
[SINGAPORE] Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce tariffs by US President Donald...
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
[HONG KONG] One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s planned Hong Kong initial public offering...
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
[MUMBAI] Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51 per cent equity in...
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Published Tue, May 6, 2025 · 01:02 PM[MUMBAI] Sumitomo Mitsui Financial Group (SMFG), Japan’s second-biggest...