News
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...
CDL Hospitality Trusts Q1 NPI slides 14.2% to S$30 million on lower revenue
[SINGAPORE] Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 14.2 per cent to S$30 million for the first quarter ended March 31, from S$34.9 million in the...
Far East Hospitality Trust Q1 net property income falls 8.3% to S$23 million
[SINGAPORE] Far East Hospitality Trust’s (FEHT) net property income fell 8.3 per cent year on year to S$23 million for the first quarter ended March, from S$25.1 million. Gross...
Visa earnings top estimates as spending on network stays strong
The company also says at the investor day that it expects its value-added services to account for more than half of total revenue in coming yearsPublished Wed, Apr 30,...
ASM’s orders beat estimates on strong demand from China
[NETHERLANDS] ASM International’s first-quarter orders beat estimates, fuelled by high demand for chipmaking equipment in artificial intelligence (AI) linked segments and solid sales in China.Orders rose 14 per cent...
Starbucks says turnaround on track as sales decline persists
[CHICAGO] Starbucks’ chief executive officer said he’s confident the company’s turnaround is progressing even though a key gauge of sales declined faster than expected in the latest quarter.Same-store sales...
US: S&P 500, Nasdaq open lower as investors eye trade developments, earnings
Published Tue, Apr 29, 2025 · 09:43 PM[NEW YORK] The S&P 500 and the Nasdaq fell at the open on Tuesday (Apr 29), while the Dow was flat as...
IReit Global reports higher committed occupancy and stable leverage for Q1 2025
Committed occupancy is marginally higher due to new leases committed within the Spanish portfolio[Singapore] IReit Global reported 88.7 per cent occupancy rate at the end of Q1 2025, up...
GM pulls forecast due to tariffs as nervous consumers rush to buy
[DETROIT] General Motors has pulled its annual forecast, reflecting the uncertain effects of US President Donald Trump’s global trade war, even as it reported strong quarterly results.The Detroit automaker’s...
