News

Apple is back in Trump’s crosshairs over where iPhones are made
Apple Chief Executive Tim Cook can’t seem to catch a break.Last month, Apple appeared to secure a major win when the Trump administration agreed to remove tariffs on certain...
US: Wall St falls at open after Trump threatens EU, Apple with fresh tariffs
Published Fri, May 23, 2025 · 09:40 PM[NEW YORK] Wall Street dropped at the open on Friday (May 23) after US President Donald Trump recommended 50 per cent tariffs...
Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+[SINGAPORE] Trust Bank on Friday (May 23) reported a loss of S$93.4...
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...