News
Biggest US dollar slump since 2022 hints at more losses ahead
[SINGAPORE] The US dollar posted its worst month since 2022 after global investors cut back on US assets, with options markets still flashing warning signals.A gauge of the greenback...
eBay announces CFO transition; sees quarterly revenue ahead of estimates
The company’s use of generative artificial intelligence, including its “magical” listing tool, and improvements in search and targeted advertising are helping simplify both selling and buying for the platform’s...
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
[SINGAPORE] The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to £4.8 million (S$8.4 million) in Q1 2025,...
Sasseur Reit CEO Cecilia Tan steps down
[SINGAPORE] Cecilia Tan, chief executive officer at Sasseur Asset Management, manager of Sasseur Real Estate Investment Trust (Reit), will be stepping down on Oct 28, after over four years...
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...
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...
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,...
