News
Exxon beats Wall Street profit estimate, boosted by Guyana and Permian production
[HOUSTON] ExxonMobil on Friday (May 2) beat Wall Street’s estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.Profit during...
Mapletree Industrial Trust stays defensive, resilient amid global uncertainties
[SINGAPORE] Mapletree Industrial Trust (MIT) will adopt a more defensive leasing strategy and continue to rebalance its portfolio through divestments amid the current macroeconomic uncertainties, said the manager of...
AirAsia-owner Capital A eyes Hong Kong listing
[BENGALURU] Malaysia’s Capital A, the owner of budget carrier AirAsia, said on Friday (May 2) it was exploring listing on the Hong Kong stock exchange, as it looks to...
StanChart profit beats as lender weighs impact of tariff war
Published Fri, May 2, 2025 · 01:02 PMSTANDARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war. Adjusted pretax profit...
Asia: Stocks gain after China teases US tariff talks
[HONG KONG] Asian markets largely rose on Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.US markets forged higher on...
Backyard barnyard: rising egg prices prompt hen hires in US
[LA CRESCENTA, United States] Stung by the rocketing price of eggs – and US supermarkets rationing a basic breakfast staple – Yong-mi Kim decided to get some chickens to...
CapitaLand Investment sinks 8% after Q1 revenue falls 24%; counter goes ex-dividend
The company attributes the revenue decline to the deconsolidation of CapitaLand Ascott Trust in December[SINGAPORE] CapitaLand Investment’s (CLI) shares plunged more than 8 per cent on Friday (May 2)...
Chinese EV makers sell more plugin-hybrids in the EU to avoid tariffs: research firm
CHINESE carmakers including BYD and Chery are selling more plugin-hybrids in the European Union to avoid import tariffs on Chinese-made electric cars, data released on Friday showed.The two brands...
Automakers could still face up to US$12,000 impact per car from tariffs
[WASHINGTON] A Michigan-based economic consulting group said on Thursday that automakers will still face a US$2,000 to US$12,000 tariff impact per vehicle despite the White House moving to soften trade levies...
Xbox joins PlayStation in hiking console prices amid US tariff pressures
Published Fri, May 2, 2025 · 06:31 AMMICROSOFT’S Xbox is hiking the prices of its gaming consoles, controllers, first-party titles and other accessories, following similar moves by competitors due...
