News
Iran uncertainty, credit costs in focus for UOB as analysts stay cautious with ‘hold’ ratings
This comes even after the lender’s Q1 profit beat consensus estimates by around 3%[SINGAPORE] Analysts have kept their “hold” ratings on UOB, citing concerns over costs and asset-quality risks...
Baidu’s AI chip unit plans dual IPO in Shanghai and Hong Kong
The semiconductor company is working with China International Capital on the listing in the mainland Chinese cityPublished Fri, May 8, 2026 · 04:53 PM[SHANGHAI] Baidu’s chip unit Kunlunxin is...
Nintendo plans Switch 2 price increase as outlook disappoints
Published Fri, May 8, 2026 · 04:24 PMNINTENDO said it will increase the price of its Switch 2 console to US$500 from US$450, acknowledging pressure on profitability of its...
Toyota sees 20% drop in annual profit as Iran war weighs
The world’s top-selling automaker expects an operating income of 3 trillion yen in the year to March 2027Published Fri, May 8, 2026 · 02:21 PM — Updated Fri, May...
Freeport Indonesia pushes back Grasberg copper restart by a year
Prices for the metal have surged to a record in January on a wave of speculative buyingPublished Fri, May 8, 2026 · 12:36 PM[LONDON] Freeport Indonesia pushed back the...
Converse CEO promises staff his plan will work as sales tumble
As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold Published Fri, May 8, 2026 · 10:16 AM[NEW YORK] After layoffs and...
Gold steady as US-Iran clashes dim truce prospects in Middle East
Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenbackPublished Fri, May 8, 2026 · 09:26 AM[SINGAPORE]...
Coinbase logs second straight quarterly loss as crypto trading momentum fades
Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflowsPublished Fri, May 8, 2026 · 09:11 AM[BENGALURU] Cryptocurrency exchange Coinbase Global on Thursday...
Global central banks boost their holdings of Malaysian sovereign bonds
The nation’s strong currency and stable economic growth have been a key allure for global investorsPublished Fri, May 8, 2026 · 08:37 AMFOREIGN central banks and governments have boosted...
Frasers Property H1 profit falls 37.8% to S$88.4 million on impairment loss
[SINGAPORE] Frasers Property posted a 37.8 per cent drop in net profit to S$88.4 million for its first half ended Mar 31, from S$142.2 million in the previous corresponding...
