News
Tesla says profits plunge 71%, warns of ‘changing political sentiment’
[NEW YORK] Tesla reported a 71 per cent drop in first-quarter profits on Tuesday (Apr 22) in results that lagged analyst estimates as Elon Musk’s automaker warned of a...
Tesla profit falls in the wake of brand controversy and tariffs
Tesla is off to a bumpy start this year.The electric vehicle giant’s profit plunged 71% in the first quarter to $409 million as the company faced a flurry of...
More nominee shareholders, accounts could be detrimental to investor protection
[SINGAPORE] The travails of Dasin Retail Trust (DRT) unitholders continue. From a unit price of around S$0.80 in 2020, the counter’s value has practically evaporated to a paltry S$0.02...
US stocks soar on White House optimism on China trade deal
[NEW YORK] Wall Street stocks jumped on Tuesday (Apr 22), rebounding from the prior day’s rout, after upbeat comments from Trump administration officials about US-China trade talks.US Treasury Secretary...
South-east Asia’s place in the sun just got dimmer
[HO CHI MINH CITY, KUALA LUMPUR] Washington has fired another shot in the clean energy trade war with South-east Asia in the crosshairs – a move that could dim...
US: Wall Street opens higher after selloff
Published Tue, Apr 22, 2025 · 09:43 PM[NEW YORK] Wall Street’s main indexes jumped at the open on Tuesday (Apr 22), as investors turned their focus to corporate earnings...
BRC Asia signs pact to buy majority stake in Southern Steel Mesh for RM61 million
[SINGAPORE] Steel fabricator BRC Asia said on Tuesday (Apr 22) it has entered into a conditional share purchase agreement to buy a controlling stake of 55 per cent in...
Walmart-backed Flipkart to shift base back to India from Singapore
Published Tue, Apr 22, 2025 · 07:26 PM[BENGALURU] Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday (Apr 22), as its parent...
Indian banks hit record as new RBI liquidity rules boost outlook
The rally – led by private lenders – reflects growing investor confidence that the sector’s credit growth is recovering from last year’s slumpPublished Tue, Apr 22, 2025 · 06:38...
Offshore renminbi funding costs in Hong Kong sink to record low
[HONG KONG] The cost to borrow the offshore renminbi in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even...
