Fashion
Boustead’s H2 profit up 48 per cent to S$59.1 million
[SINGAPORE] Engineering and technology group Boustead Singapore’s net profit for the six months ended Mar 31, 2024 increased 58 per cent to S$59.1 million compared to the year-ago period....
HKBN CEO says China Mobile’s HK$7.8 billion offer not good enough, open to more bidders
[HONG KONG] China Mobile’s HK$7.8 billion (S$1.3 billion) takeover offer for broadband operator HKBN is not good enough and the Hong Kong-based company is open to engage with more...
Maybank Q1 net profit rises 4% to RM2.6 billion
[SINGAPORE] Maybank’s net profit for the quarter ended Mar 31, 2025, increased 4 per cent to RM2.6 billion (S$790 million), up from RM 2.5 billion in the previous corresponding...
Volvo Cars to cut 3,000 jobs in restructuring
[STOCKHOLM] Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand...
Chinese EV stocks tumble after BYD slashes prices as much as 34%
[HONG KONG] BYD led Chinese electric vehicle stocks lower in Hong Kong on Monday (May 26), as investors digested the auto giant’s sweeping price cuts of as much as...
India’s central bank seeks approval for overseas rupee lending: sources
[NEW DELHI] India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first...
China’s ambassador warns Australia over Port of Darwin lease
The decision to lease the port to Landbridge has been criticised in the decade since the deal was announced, including by former US president Barack ObamaPublished Mon, May 26,...
France, Vietnam sign Airbus, defence deals as Macron visits Hanoi
[HANOI] France and Vietnam signed a deal on Monday (May 26) for 20 Airbus planes, as well as defence and space pacts, as President Emmanuel Macron visited Hanoi seeking...
Asia’s rich trim US exposure, head to Europe amid tariff turmoil
[SINGAPORE] Asian private banking clients sprung into action over the past month, refusing to sit idle despite the whiplash in global financial markets caused by the tariff turmoil. Individuals...
Chinese steel exports to drop as barriers mount: Goldman
Domestic consumption is forecast to fall 2 per cent in 2025 to 839 million tonnes, the fifth straight year of declinePublished Mon, May 26, 2025 · 11:41 AMTHE blowout...
