News
Westpac’s first-half profit slips 1%, misses estimates
Published Mon, May 5, 2025 · 07:09 AMAUSTRALIA’S Westpac Banking Corp recorded a marginal 1 per cent drop in its first-half net profit on Monday, as a rise in...
S&P 500’s relief rally likely to stall
THE S&P 500 rebounded over 14 per cent from a swing low of 4,835, recorded on Apr 7, 2025, after a period of panic selling triggered by aggressive reciprocal...
Apple has made splashy bets in Hollywood. Are they paying off?
In the first episode of the Apple TV+ show “The Studio,” Oscar-winning director Martin Scorsese sells his script to the fictional Continental Studios, only to be told later by...
Etihad is squeezing outsized luxuries into its smallest aircraft
[DUBAI] When Etihad Airways received its first Airbus A380 jets a good decade ago, the airline furnished the front of the giant double decker with a veritable luxury playground...
Opec+ agrees another accelerated oil output hike for June
[LONDON/DUBAI] Opec+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has agreed to accelerate oil production hikes for a second consecutive month, raising...
India’s largest bank plans to raise 250 billion rupees in share sale
[MUMBAI] State Bank of India, or SBI, plans to raise 250 billion rupees (S$3.8 billion) through new shares and this fiscal year, marking the first equity raising by the...
Shein’s London IPO stalled amid US tariff fallout
[HONG KONG] Shein Group’s initial public offering (IPO) plan has slowed to a crawl as the retailer assesses the impact of US tariffs on its business and awaits regulatory...
Tiny logistics firm’s shares surge on plan to buy Trump Coin
Published Sun, May 4, 2025 · 09:00 AM[NEW YORK] A small logistics company’s plan to hold US President Donald Trump’s memecoin as a treasury asset is fuelling its blistering...
Warren Buffett’s favourite valuation indicator flashes buy signal
[NEW YORK] A key valuation metric touted by legendary investor Warren Buffett is signalling that equities are relatively cheap, bolstering the case that the sizzling rebound in US stocks...
JetZero’s triangle-shaped jet on track to fly by late 2027
[LOS ANGELES] JetZero, the startup aiming to take on planemakers Airbus and Boeing, is on track to fly the first full-scale model of its manta ray-shaped jetliner by late...
