News
Commerzbank profit unexpectedly rises in boost to CEO Orlopp
[FRANKFURT] Commerzbank’s first-quarter profit unexpectedly rose to the highest in 14 years as commissions increased, and the German lender set aside less money than expected for souring loans.Net income...
Germany’s DAX Index hits record high after tariffs round trip
[FRANKFURT] Germany’s DAX Index became the first major European gauge to surpass its March record high, recouping all declines sparked by US President Donald Trump’s trade war.The stock index...
OCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
[SINGAPORE] As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on staying resilient in an...
China’s top chipmaker SMIC plunges after projecting lower sales
[SINGAPORE] Semiconductor Manufacturing International Corporation (SMIC) plunged on Friday (May 9) after China’s leading chipmaker warned sales could fall as much as 6 per cent this quarter because of...
OCBC keeps 2025 guidance, but loan growth targets could be buffeted by headwinds: CEO Helen Wong
[SINGAPORE] OCBC is keeping its financial targets for 2025, but noted that its loan growth guidance of a mid-single digit will likely see the most headwinds, especially if the...
DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty
[SINGAPORE] The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic environment.DBS, OCBC and UOB each said this...
Nissan drops plan for Fukuoka battery plant to focus on recovery
The company is betting on a broad restructuring and new leadership team helmed by chief executive officer Ivan Espinosa, who took office in April and pledged to turn things...
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
[HONG KONG] US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business...
How the Singapore dollar could perform against the US dollar this year
[SINGAPORE] The Singapore dollar and other Asian currencies are continuing to gain ground against the US dollar as the tariff fallout weighs on the greenback. The Singdollar opened the...
Gold firms on dip buying; US-China trade talks in focus
Published Fri, May 9, 2025 · 10:01 AM[BENGALURU] Gold prices firmed on Friday (May 9), as investors bought bullion following a decline in the previous session, while markets looked...
