News
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Published Tue, May 6, 2025 · 01:02 PM[MUMBAI] Sumitomo Mitsui Financial Group (SMFG), Japan’s second-biggest...
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
[MUMBAI] Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51 per cent equity in...
China’s CATL seeks US$1 billion loan for Indonesia plant expansion
The company has said that it expects to see little impact from the tariffs the Trump administration has imposed on China because the company’s US exposure is “quite small”.Published...
Palantir sales forecast falls short of Wall Street’s hopes
[SAN FRANCISCO] Palantir Technologies dropped more than 8 per cent in late trading on Monday (May 5) after its results failed to live up to investors’ loftiest expectations for...
Gold hits one-week high on safe-haven demand, Fed decision loom
Published Tue, May 6, 2025 · 10:01 AM[BENGALURU] Gold prices climbed to a one-week high on Tuesday (May 6) as rising concerns over US President Donald Trump’s tariff plans...
Big Four accounting firm PwC to slash about 1,500 jobs in the US
Published Tue, May 6, 2025 · 09:05 AM[BENGALURU] Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson said on Monday...
Stocks to watch: Sinarmas Land, Frasers Hospitality Trust, Procurri Corp
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 6).Sinarmas Land: W Capital, the independent financial advisor (IFA) appointed by Sinarmas...
Apple prices first bond offering in two years
[NEW YORK] Apple sold US$4.5 billion worth of bonds late on Monday (May 5), its first offering in two years, and said it plans to use proceeds to repurchase...
Citigroup CEO says most business clients can absorb 10% tariffs
Published Tue, May 6, 2025 · 07:00 AM[NEW YORK] Citigroup CEO Jane Fraser said on Monday most of the bank’s business clients could absorb US tariffs of 10 per...
OpenAI dials back conversion plan, nonprofit to retain control
OPENAI has dialled back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the pioneering...
Ford pulls guidance, warns it will take US$1.5 billion hit from Trump’s tariffs
[DETROIT] Ford Motor suspended its annual guidance on Monday because of uncertainty around US President Donald Trump’s tariffs, saying the levies would cost the company about US$1.5 billion in...
Europe: Stoxx 600 posts longest winning streak in nearly four years; focus on Fed, tariff updates
EUROPEAN shares extended their winning streak on Monday, with investors focusing on developments from the trade war alongside the US Federal Reserve’s policy meeting later this week.The pan-European Stoxx 600 index...