News
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
[BANGKOK] Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming...
Thailand’s central bank cuts key rate again, lowers growth forecasts as tariffs loom
[BANGKOK] Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming...
Singapore investors buy 2.5 tonnes of bullion in Q1, the highest since 2010
[SINGAPORE] Investors’ appetite for gold bars and coins remained strong in the first quarter of 2025. At 2.5 tonnes, the demand was up 35 per cent year on year,...
Salman Haider named head of Asean, CEO of Eastspring Singapore
This is in addition to his current role as chief distribution officer of the business[SINGAPORE] Eastspring Investments, the asset management business of Prudential, announced on Wednesday (Apr 30) that...
Nomura’s China losses narrow as brokerage seeks turnaround
[NEW YORK] Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the face of...
Pop Mart holder sells US$101 million stake after shares hit record
The toy company is the top gainer in the MSCI China Index over the last 12 months, with its shares jumping more than 470 per centPublished Wed, Apr 30,...
Tesla hiring over 1,000 workers to ramp up Semi truck production: report
Published Wed, Apr 30, 2025 · 10:20 AM[BENGALURU] Tesla is hiring more than a thousand new workers in Nevada as the electric vehicle maker looks to ramp up mass...
Gold prices steady as investors await key US data, tariff updates
Published Wed, Apr 30, 2025 · 09:18 AM[BENGALURU] Gold prices held their ground on Wednesday (Apr 30) as investors awaited potential trade developments between the United States and its...
Samsung Electronics drops Q2 outlook due to trade uncertainties
[SEOUL] Samsung Electronics on Wednesday dropped its business outlook for the current quarter and warned US tariff policies could cut demand for its key products such as smartphones.The technology...
China asks drugmakers, hospitals to find US import substitutes
[NEW YORK] China has asked some of its state-owned drugmakers to study how they can reduce reliance on the US for pharmaceutical products and raw materials, sources familiar with...
