News
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...
Amara surges 27% to all-time high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024[SINGAPORE] Shares of hotel group Amara soared shortly after the market...
Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
[WASHINGTON] CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the...
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million[SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, posted a profit before tax...
IBM to invest US$150 billion in US over next five years to aid quantum push
[BENGALURU] IBM will invest US$150 billion in the US, including on facilities for quantum computer production, over the next five years, the latest American technology company to back the...
Alibaba rolls out latest flagship AI model in post-DeepSeek race
[BEIJING] Alibaba Group Holding took the wraps off a new version of its flagship Qwen AI model, sustaining the breakneck pace of development that’s characterised China’s artificial intelligence (AI)...
