Fashion
China’s Big Five banks post slimmer margins as economic challenges persist
[SHANGHAI/HONGKONG] China’s Big Five lenders reported narrower margins at the end of the first quarter on Tuesday (Apr 29), as profits fell for some on the slowing economy under...
Wilmar reports higher earnings for Q1 2025 on better performance from business segments, associates
[Singapore] Wilmar reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 in a bourse filing on Tuesday (Apr...
Trade war may lower growth and inflation in eurozone, ECB’s Cipollone says
Published Tue, Apr 29, 2025 · 05:06 PMA GLOBAL trade war could lower both economic growth and inflation in the eurozone, and it could have an “unambiguously recessionary effect”...
Norway wealth fund CEO sees potential in real estate, renewable assets
[OSLO] Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s US$1.8 trillion sovereign wealth fund. “The...
Adidas holds back on profit upgrade due to tariff uncertainty
[LONDON] German sportswear maker Adidas held back on Tuesday (Apr 29) from raising its 2025 financial forecasts despite strong first-quarter results, saying the uncertainty around US import tariffs was...
Lufthansa confirms 2025 outlook, braces for possible trade fallout
[BERLIN] German airline Lufthansa on Tuesday (Apr 29) confirmed its operating result forecast for 2025, offering what analysts deemed a more positive assessment than other airlines, but warned that...
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Published Tue, Apr 29, 2025 · 01:46 PM[STOCKHOLM] Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit...
Some Chinese exporters hasten US dollar conversion amid trade war
[NEW YORK] Some Chinese exporters are speeding up the conversion of their US dollar income into yuan on bets the worst of the tariff-led loss in the local currency...
Asia: Markets rise as traders gear up for earnings, key jobs data
[HONG KONG] Markets edged up on Tuesday after a largely positive day on Wall Street with investors eyeing a busy week of data and earnings releases that could provide...
Amara surges 27% to all-time high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024[SINGAPORE] Shares of hotel group Amara soared shortly after the market...
