News

BYD breaks ground on Cambodia EV plant as part of global expansion
CHINESE carmaker BYD has broken ground on a US$32 million passenger electric vehicle (EV) plant in Cambodia, marking its latest move to localise production as part of a broader...
An investor’s guide to navigating the Australian election
THE outcome of Australia’s tight federal election could be the next catalyst for local assets as a tariff standoff between the US and China continues to rattle markets. The benchmark...
A month after Trump’s tariff madness, shockwaves still being felt around the world
If US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his recent actions that have...
A month after Trump’s tariff madness, shock waves are still being felt around the world
IF US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his recent actions that have...
Telegram weighs US$2 billion bond sale to refinance 2021 debt
Published Thu, May 1, 2025 · 01:45 PM[DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance...
Tesla board looked for new CEO as Musk focused on White House: report
[BENGALURU] Tesla board members reached out about a month ago to several executive search firms to find a successor to CEO Elon Musk, The Wall Street Journal (WSJ) reported...
Robinhood tops quarterly profit estimates as volatility fuels trading volumes surge
[BENGALURU] Retail trading platform Robinhood’s first-quarter profit more than doubled and beat analysts’ estimates on Wednesday (Apr 30), driven by a surge in trading volumes from clients looking to...
Apple must halt non-App Store sales commissions, judge says
Apple Inc. violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions on purchases outside its software marketplace,...
Visa, Bridge partner to launch stablecoin-linked cards
[NEW YORK] Visa and stablecoin infrastructure provider startup Bridge are partnering to offer stablecoin-linked Visa cards to customers across multiple countries in Latin America, which the companies say will...
Meta quarterly profit climbs despite big cloud spending
[SAN FRANCISCO] Tech giant Meta on Wednesday (Apr 30) reported quarterly profits that were well above expectations, brushing aside market worries that its heavy investments in cloud computing and...
Barclays beats first-quarter forecasts as Trump turmoil supercharges trading
[LONDON] Barclays booked a stronger than expected 19 per cent increase in first-quarter profit on Wednesday (Apr 30), as trading activity surged in the early months of US President...
US: Stocks end mostly up, rebounding from bad GDP report
Published Thu, May 1, 2025 · 06:07 AM[NEW YORK] Wall Street stocks finished mostly higher on Wednesday (Apr 30) after digesting a poor US GDP reading that was offset...