News
Singapore shares end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the benchmark index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most[SINGAPORE] Stocks on the local bourse ended higher on Tuesday (May...
Lamborghini quarterly revenue up 29.6% as hybrid models boost deliveries
Published Tue, May 6, 2025 · 05:27 PM[ROME] Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6 per cent jump in revenue to 895.2 million euros (S$1.3 billion),...
Why a US-listed video game firm is paying a premium for a Singapore-based tech products distributor
[SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution network....
Maybank lowers target price of CSE Global to S$0.58 but remains ‘top pick’
[SINGAPORE] Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce tariffs by US President Donald...
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Published Tue, May 6, 2025 · 01:02 PM[MUMBAI] Sumitomo Mitsui Financial Group (SMFG), Japan’s second-biggest...
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
[MUMBAI] Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51 per cent equity in...
China’s CATL seeks US$1 billion loan for Indonesia plant expansion
The company has said that it expects to see little impact from the tariffs the Trump administration has imposed on China because the company’s US exposure is “quite small”.Published...
Palantir sales forecast falls short of Wall Street’s hopes
[SAN FRANCISCO] Palantir Technologies dropped more than 8 per cent in late trading on Monday (May 5) after its results failed to live up to investors’ loftiest expectations for...
Gold hits one-week high on safe-haven demand, Fed decision loom
Published Tue, May 6, 2025 · 10:01 AM[BENGALURU] Gold prices climbed to a one-week high on Tuesday (May 6) as rising concerns over US President Donald Trump’s tariff plans...
Big Four accounting firm PwC to slash about 1,500 jobs in the US
Published Tue, May 6, 2025 · 09:05 AM[BENGALURU] Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson said on Monday...
