News
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
[HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3...
Great Eastern gets another extension to Jun 8 to announce plan to restore free float
It will update shareholders on the finalised proposal shortly, no later than Jun 8[SINGAPORE] Great Eastern Holdings has been granted yet another extension of time to comply with free...
The best is yet to be for Tengah property prices, say DBS analysts
[SINGAPORE] Property developers such as GuocoLand could benefit from a potential rise in home prices near popular primary schools, particularly in emerging areas like Tengah New Town. Still, DBS Group...
Gold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the...
Metro sinks into the red with H2 net loss of S$228.1 million on lower revenue
[SINGAPORE] Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversing from a S$6.4 million net profit in the previous...
Stocks to watch: Yangzijiang Shipbuilding, Metro
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 23).Yangzijiang Shipbuilding: The marine vessel manufacturer reported that its year-to-date order wins...
US panel divided over Nippon Steel bid for US Steel but path forward seen, says official
[WASHINGTON] A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel’s bid for US Steel but most panel members believe any security risks...
Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billionPublished Thu, May 22, 2025 · 09:02 PM [WASHINGTON] Ralph Lauren surpassed quarterly revenue estimates on Thursday...
Xiaomi billionaire touts new Chinese chip in tech showcase
[BEIJING] Xiaomi’s billionaire founder outlined plans Thursday (May 22) to outfit its top-end devices with advanced homegrown mobile processors, showcasing the company’s ambitions to expand its tech portfolio and...
BYD beats Tesla in Europe for first time with 169% sales surge
Published Thu, May 22, 2025 · 07:01 PM[FRANKFURT] BYD sold more electric vehicles in Europe than Tesla for the first time, overtaking the American brand that’s long led the...
