News
Fireworks at CDL AGM, but shareholders vote strongly in favour of all resolutions
[SINGAPORE] The boardroom tussle at City Developments Ltd (CDL) involving executive chairman Kwek Leng Beng and his son, chief executive officer Sherman Kwek, was purportedly set aside for the...
Digital Core Reit’s Q1 distribution income rises 9.9% to US$11.7 million
Its revenue is up 79.9% at US$44.2 million; net property income grows 41.8% to US$22.4 million[SINGAPORE] Digital Core Real Estate Investment Trust (Reit) posted distribution income attributable to unitholders...
Cross-border renminbi use by Chinese climbs to record as US dollar sags
CHINESE investors and trading companies boosted their use of the renminbi in international settlements to a record last month as the US dollar’s global allure dimmed and Sino-US trade...
Xiaomi delays release of first SUV after fatal road accident
Investors are betting on EVs to drive Xiaomi’s business, with China’s smartphone market suffering from fierce competition and sluggish growth.Published Wed, Apr 23, 2025 · 12:43 PM[HONG KONG/SINGAPORE] Xiaomi...
Frasers Hospitality Trust undergoes strategy review
[SINGAPORE] Frasers Hospitality Trust (FHT) is undergoing a strategy review, though there is currently no certainty if its existing business strategy will change. This follows a failed bid to...
Trump Media pushes forward with pivot to crypto, ETF plans
[NEW YORK] US President Donald Trump’s social media firm, Trump Media & Technology Group, said on Tuesday (Apr 22) it had reached a binding agreement to roll out an...
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...
Asia: Markets rally as Trump comments ease Fed, China trade fears