News
SAC Capital lifts Soilbuild target price on strong order book, maintains its ‘buy’ call
[SINGAPORE] SAC Capital hiked Soilbuild Construction’s target price to S$1.10 and maintained its “buy” call. The target price represents an upside of 37.5 per cent from the counter’s last...
PBOC seen deploying stimulus soon on tariff risks, cash shortage
[NEW YORK] Global lenders such as JPMorgan Chase expect China to deliver its long-awaited monetary stimulus as early as in April, with timing likely dictated by the double threat...
Walmart keeps price pressure on suppliers after Beijing pushback
[NEW YORK] Walmart is continuing to push Chinese suppliers to cut prices to offset US President Donald Trump’s tariffs, even after Beijing officials summoned the US retailer’s executives last...
LTA issues Grab taxi operator licence in Singapore
GrabCab receives street-hail service operator licence valid for 10 years from Apr 9, is sixth such operator here[SINGAPORE] The Land Transport Authority (LTA) has issued a street-hail service operator...
Panin Bank a good fit for DBS’ Indonesia operations; Singapore bank’s surplus capital can fund potential acquisition
[SINGAPORE] A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and is a good place for South-east Asia’s biggest...
BYD enjoys yet another blockbuster quarter as Tesla flounders
[HONG KONG] China’s BYD enjoyed a strong start to 2025, with sales up 58 per cent in the first quarter versus the same period of last year.The nation’s best-selling...
Sembcorp unit proposes to more than double stake in power supplier Senoko Energy
[SINGAPORE] Sembcorp Industries is moving to raise its stake in energy supplier Senoko Energy that could potentially more than double its interest in the company. Its wholly owned subsidiary Sembcorp...
Hard data shows US economy is solid, but there is fear around tariffs: Federal Reserve’s Goolsbee
CHICAGO Federal Reserve Bank President Austan Goolsbee on Tuesday said while the “hard” data show the underlying US economy is solid, the labour market strong, and inflation down from...
Bankers get boost in Asia-Pacific as M&A growth tops US, Europe
[NEW YORK] The race is far from over, but the Asia-Pacific has come out of the blocks much faster than the US and Europe in dealmaking activity this year.The...
Xiaomi car with driver assistance crashes, three reported dead
[HONG KONG] Xiaomi confirmed that one of its SU7 electric vehicles (EVs) was involved in an accident on an expressway in China. Local media reported that three people died...
