News
US considers more Chinese companies for ‘entity list’, source says
Published Fri, May 16, 2025 · 08:05 AM[WASHINGTON] The US Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its restricted export list, a person...
Ex-Goldman banker leads China’s push to revive Hong Kong finance
[HONG KONG] The crowd was taken aback as China’s point person for financial matters in Hong Kong laid out plans to re-energise the city’s markets.Qi Bin’s proposals on topics...
Retailers rush to save US summer shopping season
[NEW YORK] US retailers including Walmart and several clothing brands are racing to secure China-made merchandise for the busy summer shopping season starting in late May after Washington and Beijing agreed...
Europe: Stoxx 600 recovers declines; defence stocks gain after Russia-Ukraine meet
EUROPEAN shares reversed early declines to close higher on Thursday, with industrial stocks getting the biggest boost, while corporate earnings remained in the spotlight.The continent-wide Stoxx 600 index closed 0.56...
Japfa expected to delist on Jun 10 as court sanctions scheme of arrangement
Last day of trading of its shares will be on May 16; trading in the counter will be suspended from 9 am on May 19[SINGAPORE] Agri-food company Japfa is...
US: Wall St opens lower as trade truce rally fades
Published Thu, May 15, 2025 · 09:46 PM[WASHINGTON] Wall Street’s main indexes opened lower on Thursday (May 15) as euphoria from the US-China tariff truce waned, while UnitedHealth’s stock...
NetLink NBN Trust’s net profit slips 6.9% to S$46.9 million for H2 FY2025
[SINGAPORE] Internet service provider NetLink NBN Trust posted a 6.9 per cent decrease in net profit to S$46.9 million for the second half ended Mar 31, 2025.NetLink’s earnings were...
Jack Ma-backed Ant’s profit fell 31% on AI, new business costs
[BEIJING] Ant Group’s quarterly profit fell 31 per cent as the firm invested in artificial intelligence and other initiatives to bolster revenue growth. The Hangzhou-based online finance firm contributed 1.76...
TikTok charged with breaching EU online content rules
TikTok also faces a second DSA investigation into its management of risks related to electionsPublished Thu, May 15, 2025 · 06:52 PM[BRUSSELS] Social media app TikTok was charged by...
SIA staff to get 7.45 months of bonus for FY2025
[SINGAPORE] Singapore Airlines (SIA) is said to be rewarding eligible employees with a profit-sharing bonus of 7.45 months for FY2025, marginally lower than the 7.94 months for FY2024, but...
