News
Sheng Siong Q1 net profit up 6.1% to S$38.5 million on stronger sales
[SINGAPORE] Supermarket operator Sheng Siong recorded a 6.1 per cent increase in net profit to S$38.5 million for the first quarter ended Mar 31, from S$36.3 million the year...
GM pulls forecast due to tariffs as nervous consumers rush to buy
[DETROIT] General Motors has pulled its annual forecast, reflecting the uncertain effects of US President Donald Trump’s global trade war, even as it reported strong quarterly results.The Detroit automaker’s...
First Reit Q1 DPU dips 3.3% to S$0.0058 amid forex headwinds
[SINGAPORE] First Real Estate Investment Trust’s (First Reit) distribution per unit (DPU) fell 3.3 per cent to S$0.0058 for the first quarter ended Mar 31, compared to S$0.006 in...
Wilmar reports higher earnings for Q1 2025 on better performance from business segments and associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a bourse filing on Tuesday (Apr...
Trade war may lower growth and inflation in eurozone, ECB’s Cipollone says
Published Tue, Apr 29, 2025 · 05:06 PMA GLOBAL trade war could lower both economic growth and inflation in the eurozone, and it could have an “unambiguously recessionary effect”...
Norway wealth fund CEO sees potential in real estate, renewable assets
[OSLO] Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s US$1.8 trillion sovereign wealth fund. “The...
CGSI upgrades OUE Reit to ‘add’ on improved outlook
[SINGAPORE] CGS International (CGSI) has upgraded its recommendation for OUE Reit to “add” from “hold”, and raised its price target marginally to S$0.33 from S$0.32.
In a report on...
Lufthansa confirms 2025 outlook, braces for possible trade fallout
[BERLIN] German airline Lufthansa on Tuesday (Apr 29) confirmed its operating result forecast for 2025, offering what analysts deemed a more positive assessment than other airlines, but warned that...
BP reports lower-than-expected profit of US$1.4b
It fell below the US$1.53 billion expected by analysts in a company-provided pollPublished Tue, Apr 29, 2025 · 02:43 PM[LONDON] BP missed forecasts on Tuesday (Apr 29) with an...
Deutsche Bank posts 39% rise in first-quarter profit
Published Tue, Apr 29, 2025 · 01:23 PM[FRANKFURT] Deutsche Bank on Tuesday posted a 39 per cent rise in first-quarter profit after its global investment banking division generated a big increase...
Some Chinese exporters hasten US dollar conversion amid trade war
[NEW YORK] Some Chinese exporters are speeding up the conversion of their US dollar income into yuan on bets the worst of the tariff-led loss in the local currency...
These Singapore names are potential winners from election Budget, tariff volatility: Maybank
[SINGAPORE] The Republic’s domestic-oriented stocks could emerge as spillover beneficiaries amid tariff volatility in spite of Singapore’s high trade dependency, said Maybank. That includes sectors such as property and...