Business
China’s top chipmaker SMIC plunges after projecting lower sales
Semiconductor Manufacturing International Corporation (SMIC) plunged on Friday (May 9) after China’s leading chipmaker warned sales could…
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Business
Business
OCBC keeps 2025 guidance, but loan growth targets could be buffeted by headwinds: CEO Helen Wong
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…
Business
Singapore banks set aside extra allowances to account for heightened uncertainty
The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic…
Business
DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty
The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic…
Business
Nvidia modifies H20 chip for China to overcome US export controls: sources
Nvidia plans to release a downgraded version of its H20 artificial intelligence (AI) chip for China in the next two months, following US…
Business
Peru celebrates Pope Leo XIV as one of their own
Halfway through Leo XIV's first speech as pope, which he delivered in Italian, he stopped and asked if he might say a few words in…
Business
Direct impact of trade tariffs affects about 3% of OCBC’s loan book; portfolio remains ‘resilient’
Current trade tariffs are expected to have a “first-order impact” on 3 per cent of OCBC’s loan book, group chief financial officer Goh…
Business
Asia: Stocks lifted by hopes for US-China talks after UK deal
Most Asian equities rose on Friday (May 9) on growing optimism that the worst of US President Donald Trump’s trade war is past after he…
Business
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…
Business
Indonesia seeks to end rice imports this year as output jumps
Indonesia is set to stop importing rice this year for the first time in decades, thanks to surging production and stockpiles in one of the…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
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…
Business
Korean Chains Megabox and Lotte Cinema Sign Merger Agreement
JoongAng Group and retail behemoth Lotte Group have inked a blockbuster deal that promises to dramatically reshape South Korea‘s…
Business
'There is no truce': Ukraine's soldiers and civilians on Russia's ceasefire
Yogita Limaye reporting from the Donetsk region Hours into the ceasefire Russia had called for, we drove into the Donetsk region of…
Business
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million…
Business
Newspaper headlines: US deal 'made by Brexit' and 'Holy smoke'
1 hour ago Share Save Share Save Sign up for our morning newsletter and get BBC News in your inbox. Related Internet Links Daily Express…
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ST Engineering posts 8% rise in Q1 revenue to S$2.9 billion
ST Engineering’s revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding…
Business
Gaelic Games: Enforced skort rule in Camogie 'screams sexism'
What is a skort? The current rules governing playing gear for camogie state that it must include a skirt, skort (a pair of shorts with an…
Business
The Kooks and Hard-Fi on the last great wave of British guitar bands
Mark Savage Music Correspondent "I'm pretty sure we hung out in Brixton. Hopefully I didn't embarrass myself." Luke Pritchard, the…
Business
Luxury labels ditch steep China discounts to rebuild brand value
Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy…
Business
OCBC Q1 profit falls 5% to S$1.88 billion; beats expectations
OCBC’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months…
Business
Paramount beats estimates as streaming results pick up
Paramount Global, the parent of CBS and MTV, reported first-quarter results that beat analysts’ estimates, reflecting the improving…
Business
US: Stocks rise after Trump announces UK trade deal
stocks finished firmly in the green on Thursday (May 8) after US President Donald Trump unveiled a “breakthrough” trade agreement with the…
Business
Who is Robert Prevost, the new Pope Leo XIV and first American Pope?
Paul Kirby Europe digital editor Even before his name was announced from the balcony of St Peter's Basilica, the crowds below were…
Business
Musk-Tied Investor Clashes With One of World’s Biggest Asset Managers
A prominent Silicon Valley investor is in a bitter dispute with his former employer, one of the world’s largest asset managers, accusing…