News
Manulife US Reit gets nod to extend asset disposal deadline to Dec 31
[SINGAPORE] The manager of United States office real estate investment trust (Reit) Manulife US Reit (MUST) on Friday (May 23) announced it has received approval from lenders to extend...
Grab launches its first Centre of Excellence to support AI solutions
[SINGAPORE] Grab launched its first Artificial Intelligence (AI) Centre of Excellence on Friday (May 23). Supported by the Digital Industry Singapore, the centre will work on projects to utilise...
Morgan Stanley says Singapore market is a ‘safe haven’, raises price target for this sector
[SINGAPORE] Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per...
Singapore market a ‘safe haven’ amid global volatility; market reforms signal upside potential: Morgan Stanley
[SINGAPORE] Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per...
Japan pledges immediate rice relief for consumers to prevent shift to foreign brands
[TOKYO] Japan’s new agriculture minister pledged on Friday to quickly move rice from government stockpiles to store shelves where they would be offered at prices significantly lower than current...
Analysts bullish on BYD as it overtakes Tesla, edge out other Chinese electric vehicle players
[SINGAPORE] Analysts are getting bullish on BYD as the Chinese automaker’s soaring exports, rising global presence and cost competitiveness signal favourable tailwinds. In a May 16 research note, UOB Kay...
Lagarde says international trade will never be the same
Published Fri, May 23, 2025 · 10:40 AMEUROPEAN Central Bank President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even as the...
Nomura raises top executives’ pay to highest in over a decade
Published Fri, May 23, 2025 · 09:32 AMNOMURA Holdings increased pay for its top executives to the highest in more than a decade, as Japan’s biggest brokerage posted a...
US Supreme Court says Federal Reserve is unique, easing worries over Trump’s ability to fire Powell
A US Supreme Court ruling on Thursday in a legal battle over President Donald Trump’s firing of two federal labour board members contained a line that eased, for now,...
UBS raises S&P 500 year-end target, eyes more gains in 2026
Published Fri, May 23, 2025 · 07:14 AMUBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June...
