News
Miu Miu’s momentum powers Prada sales growth
Published Wed, Apr 30, 2025 · 08:03 PM[MILAN] Net revenues at Italian luxury group Prada rose 12.5 per cent at constant exchange rates in the first quarter, slightly above...
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
[SINGAPORE] The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to £4.8 million (S$8.4 million) in Q1 2025,...
Singapore stocks rise on Wednesday, snapping four-day losing streak; STI up 0.7%
Across the broader market, gainers beat decliners 288 to 177, after 971.8 million securities worth S$1.4 billion change hands[SINGAPORE] Equities on the Singapore bourse rose on Wednesday (Apr 30),...
Goldman sees central banks buying more renminbi, won, Singapore dollars
[SYDNEY] South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the US dollar, according...
Japan’s Nikkei posts first monthly gain for the year on trade talk hopes
[TOKYO] Japan’s Nikkei share average gained on Wednesday (Apr 30) as investors awaited developments in US-Japan tariff talks, helping the benchmark to register its first monthly gain since December.The...
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
[BANGKOK] Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming...
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
[HONG KONG] Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment portfolio in the secondary market, two sources with knowledge...
Salman Haider named head of Asean, CEO of Eastspring Singapore
This is in addition to his current role as chief distribution officer of the business[SINGAPORE] Eastspring Investments, the asset management business of Prudential, announced on Wednesday (Apr 30) that...
UBS Q1 profit tops expectations on tariff-driven volatility in markets
Published Wed, Apr 30, 2025 · 01:12 PMSWISS bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence...
Chinese solar losses deepen even before worst of trump tariffs
[NEW YORK] Chinese solar manufacturers continue to plunge deeper into the red, and the outlook is getting gloomier as sky-high tariffs on exports threaten to compound domestic oversupply.Five of...
