News
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...
Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billionPublished Thu, May 22, 2025 · 09:02 PM [WASHINGTON] Ralph Lauren surpassed quarterly revenue estimates on Thursday...
Rajeev Mittal appointed CEO of Prudential’s asset management arm
[SINGAPORE] Rajeev Mittal will lead Prudential’s asset management business, Eastspring Investments, from Jul 1. He will replace Bill Maldonado, who will retire and return to the United Kingdom where...
Can these short films convince people that AI is a force for good?
MOUNTAIN VIEW — For decades, Hollywood directors including Stanley Kubrick, James Cameron and Alex Garland have cast artificial intelligence as a villain that can turn into a killing machine. Even Steven...
Citi launches AI tools for Hong Kong employees
Published Thu, May 22, 2025 · 01:34 PMCITIGROUP has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on...
