Entrepreneurship
Airbnb revamps app with luxury services, curated tours in push beyond stays
[NEW YORK] After more than a year of teasing expansion plans beyond home rentals, Airbnb launched an overhauled app that’s not just for homeowners and travellers, but also for...
IReit Global launches S$85 million of green notes at 6%
[SINGAPORE] IReit Global’s trustee has launched and priced S$85 million of green, senior, and unsecured notes at 6 per cent per annum, with the proceeds to fund the capital...
BRC Asia H1 profit rises 9% to S$42.1 million
[SINGAPORE] Steel solutions provider BRC Asia reported on Tuesday (May 13) a 9 per cent year-on-year increase in net profit for the first half of the year to S$42.1...
CDL to buy back preference shares at S$0.78 each via off-market, equal access scheme
The offer, to be made in cash, allows it to exercise greater control over its share capital structure in relation to the preference shares[SINGAPORE] Property player City Developments Limited...
Nissan posts 671 billion yen annual net loss, to shut plants and cut 20,000 jobs
[TOKYO] Japan’s Nissan on Tuesday (May 13) posted an annual net loss of 671 billion yen (S$5.9 billion) for the financial year to March 2025, while saying it plans...
BlackRock’s Fink sees trillions of dollars idle as volatility persists
[RIYADH] BlackRock CEO Larry Fink says tens of trillions of dollars of financial firepower is sitting idle in cash amid trade war worries and uncertainty over the United States...
Carriers moving MRO work outside China even before tariff chaos: SIA Engineering
[SINGAPORE] There has been little to no impact from tariffs on SIA Engineering Company’s (SIAEC) operations for now, but these are still early days, said chief executive officer Chin...
Asia: Most markets extend rally in glow of China-US truce
[HONG KONG] Most Asian stocks extended gains on Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world’s two economic...
Hertz posts worse-than-expected loss after shrinking fleet
[DETROIT] Hertz Global Holdings posted a larger-than-expected loss in the first quarter after the rental company shrank its fleet of cars and some customers slowed bookings. Revenue fell 13...
Gold steadies as traders gauge US-China tariff truce, await key US data
[BENGALURU] Gold prices were steady on Tuesday (May 13) as a US-China agreement to pause tariffs for at least 90 days lifted risk appetite, diminishing bullion’s safe-haven appeal, while...
