News
SingPost plunges 12% on underlying net loss despite proposing S$0.09 special dividend
The group posts 40% fall in net profit as uncertain global logistics conditions pose challenges[SINGAPORE] Shares of Singapore Post (SingPost) plunged nearly 12 per cent on Thursday (May 15)...
Asia: Stocks drop as fresh trade news awaited, oil down on Iran hopes
[HONG KONG] Equities stuttered on Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump’s tariff blitz, while oil...
Newsom proposes $20-million funding cut for California newsrooms, citing budget issues
Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing financial pressures that have promoted wider budget cuts.California newsrooms...
First Resources posts 74.9% higher Q1 net profit of US$63.1 million
[SINGAPORE] First Resources’ net profit grew 74.9 per cent to US$63.1 million for the first quarter ended March 2025, from US$36.1 million in the same period a year prior,...
Rich Japanese still fear a yen crash, UBS wealth manager says
[NEW YORK] Speculators and much of the investing world have turned optimistic on the yen as Trump’s trade war keeps markets on edge. But there’s one key holdout that...
Nationalisation not on the cards: SingPost CFO
[SINGAPORE] Singapore Post (SingPost) on Thursday (May 15) ruled out the possibility of a nationalisation of the postal service provider, even as it said it is working with the...
China pauses rare earths exports curbs targeting US entities
Exporters of rare earth and other goods that can be used for military uses are allowed to apply for export licenses to the Ministry of Commerce now in 90...
US: Stocks mostly rise ahead of retail sales data
Published Thu, May 15, 2025 · 06:12 AM[NEW YORK] Wall Street stocks finished mostly higher on Wednesday following a choppy session as markets look ahead to key US retail sales and...
Waymo recalls more than 1,200 automated vehicles after minor crashes
Waymo, the autonomous ride-hailing company that launched its services in Los Angeles late last year, is recalling more than 1,200 vehicles due to a software defect, the National Highway...
Opec expects slower 2025 oil supply growth from rivals after price drop
Rapid growth from US shale and from other countries has weighed on prices in recent yearsPublished Wed, May 14, 2025 · 10:13 PM[LONDON] Opec on Wednesday (May 14) trimmed...
