News
Singapore shares climb on Friday; STI gains 0.2%
Singtel is one of the most traded counters after announcing it had sold part of its stake in Bharti Airtel[SINGAPORE] Local stocks rose on Friday (May 16), a day...
No plans for layoffs; HK$1.5 billion investment in Greater China to continue: OCBC’s Helen Wong
[SINGAPORE] OCBC has no plans to implement “major” layoffs despite macroeconomic uncertainties arising from US tariffs, said the bank’s group chief executive officer Helen Wong on Friday (May 16).“We’re...
No material impact from tariffs on bookings for now: SIA CEO
[SINGAPORE] Singapore Airlines (SIA) has not seen any significant impact of the US tariff turmoil on its bookings for now, chief executive Goh Choon Phong said at its financial...
Singtel sells 1.2% direct stake in India’s Bharti Airtel for S$2 billion
[SINGAPORE] Telecommunications service provider Singtel has sold around 1.2 per cent of its direct stake in regional associate Bharti Airtel for S$2 billion. This is part of its active...
As US, China reach a trade truce, these are the stocks to buy or avoid
[SINGAPORE] Markets have experienced wild swings since US President Donald Trump slapped tariffs on the country’s trading partners.Globally, US and other major markets have sold off with investors piling...
Genting Singapore shares are undervalued despite drop in earnings, Morningstar says
[SINGAPORE] Genting Singapore’s shares are undervalued despite its recent weak earnings, but the new attractions being lined up could drive earnings growth, analysts said. Morningstar’s senior equity analyst, Jennifer...
Meta asks judge to rule that FTC failed to prove its monopoly case
FACEBOOK parent company Meta Platforms asked a federal judge on Thursday to throw out the US Federal Trade Commission’s case accusing it of an illegal social media monopoly, saying the agency...
Australia: Shares hit over two-month high, RBA rate decision in focus
AUSTRALIAN shares jumped to an over two-month high on Friday, led by gains in banks and miners, ahead of the Reserve Bank of Australia’s (RBA) policy decision next week,...
US considers more Chinese companies for ‘entity list’, source says
Published Fri, May 16, 2025 · 08:05 AM[WASHINGTON] The US Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its restricted export list, a person...
Ex-Goldman banker leads China’s push to revive Hong Kong finance
[HONG KONG] The crowd was taken aback as China’s point person for financial matters in Hong Kong laid out plans to re-energise the city’s markets.Qi Bin’s proposals on topics...
Retailers rush to save US summer shopping season
[NEW YORK] US retailers including Walmart and several clothing brands are racing to secure China-made merchandise for the busy summer shopping season starting in late May after Washington and Beijing agreed...
Europe: Stoxx 600 recovers declines; defence stocks gain after Russia-Ukraine meet
EUROPEAN shares reversed early declines to close higher on Thursday, with industrial stocks getting the biggest boost, while corporate earnings remained in the spotlight.The continent-wide Stoxx 600 index closed 0.56...