Business
Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months
A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen…
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Business
Toyota sees US$1.3 billion profit hit in two months on tariffs
Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two…
Business
Toyota sees 180 billion yen profit hit in two months from tariffs
Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two…
Business
Geely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own for US$2.566…
Business
UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation…
Business
WeightWatchers Files for Bankruptcy to Reduce $1 Billion in Debt
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed…
Business
UOB misses expectations with Q1 profit flat at S$1.49 billion
UOB’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday (May 7). Net profit for the three months…
Business
DoorDash agrees to buy Deliveroo in US$3.9 billion deal
DoorDash has agreed to buy UK-based food-delivery platform Deliveroo for an equity value of about US$3.9 billion, as the US company pushes…
Business
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s…
Business
Income-Allianz deal timeline: A recap of the proposed S$2.2 billion sale
The proposed S$2.2 billion deal involving the sale of Singapore’s Income Insurance to German insurer Allianz – which the government…
Business
China’s CATL seeks US$1 billion loan for Indonesia plant expansion
The company has said that it expects to see little impact from the tariffs the Trump administration has imposed on China because the…
Business
ServiceNow eyes US$1 billion revenue for AI product by 2026
The company makes software applications that help companies organise and automate their personnel and information technology operations…
Business
CATL starts gauging interest for potential US$5 billion Hong Kong listing
The company is barrelling ahead with the offering in spite of the turbulent markets that have been whipsawing on the back of US President…
Business
Changi Airport Terminal 5 contracts worth S$4.75 billion awarded
Changi Airport Group (CAG) announced on Monday (May 5) that contracts of around S$4.75 billion in value for substructure and airside…
News
Ford Says Tariffs Will Cost Company $1.5 Billion in 2025
Ford Motor said on Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest and taxes,…
Business
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Saudi Arabia’s deficit widened…
Culture
China Box Office: ‘The Dumpling Queen’ Reigns Over May Day Frame, ‘Ne Zha 2’ Crosses $2.13 Billion
Chinese audiences turned out in decent numbers over the May Day holiday weekend, propelling CMC Pictures’ “The Dumpling Queen” to the top…
Business
Netflix co-CEO says India investment has had US$2 billion impact
The world’s largest video streaming platform has been consolidating its position as a premium service in the US$28 billion Indian media…
Business
India’s JioStar Pours $10 Billion Into Content as Streaming Race Heats Up, Vice Chair Uday Shankar Reveals at WAVES Summit
India’s media colossus JioStar is doubling down on content investment, pouring approximately $3.6 billion into programming this year, with…
Business
India’s Screen Sector Booms to $61 Billion Economic Contribution, MPA Reports at WAVES Summit
India’s booming film, television and streaming industry generated $61.2 billion in total economic contribution during 2024, according to a…
Business
India’s largest bank plans to raise 250 billion rupees in share sale
State Bank of India, or SBI, plans to raise 250 billion rupees (S$3.8 billion) through new shares and this fiscal year, marking the first…
News
Texas governor signs $1 billion voucher bill in milestone for school choice supporters nationally
Texas will implement a $1 billion school voucher program, one of the largest in the country, that uses public dollars to fund private…
Culture
Netflix’s Ted Sarandos Addresses ‘Outdated’ Comment, Highlights $2 Billion Economic Impact in India at WAVES Summit
In a wide-ranging fireside chat with Bollywood star Saif Ali Khan at Mumbai’s World Audio Visual & Entertainment Summit (WAVES)…
News
Trump Proposes $163 Billion in Cuts Across Government in New Budget
President Trump on Friday proposed slashing $163 billion in federal spending next fiscal year, a drastic retrenchment in the role and…