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B
REAKING
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EWS
TODAY
International
Bank of England set to hold rate at 16-year high
Companies & Markets
Hot stock: AEM hits 4-year low after Q1 earnings miss
Telcos, Media & Tech
Huawei’s new phone uses more China-made parts, memory chip
Capital Markets & Currencies
Asia: Markets mixed as traders eye rate cuts
Garage
Neuralink says implant had issues after first human surgery
International
South Korea president says wants to create ministry to tackle low birth rates
Telcos, Media & Tech
Disney, Warner Bros Discovery launch US streaming bundle
Energy & Commodities
Gold prices flat with focus on US economic data
Companies & Markets
Mermaid Maritime bags Middle East contract extension worth US$125 million
ASEAN Business
Asean can enhance clean energy trade, align climate reporting standards: Grace Fu
Telcos, Media & Tech
Arm shares fall after company gives tepid annual forecast
ASEAN Business
Malaysia set to extend rate pause as ringgit outperforms peers
Companies & Markets
Singapore stocks open lower on Thursday; STI down 0.3%
Garage
Carsome hits first Ebitda positive quarter in Q1 2024
Garage
Square Peg to raise another US$550 million fund in the second half of 2024
ASEAN Business
Made-in-Indonesia rule threatens Jokowi’s move up value chain
Garage
Mirxes records US$58.7 million operating losses and US$24.2 million revenue in lead up to HK listing
Companies & Markets
ARA H-Trust to sell 2 Hyatt House hotels for US$31 million
International
TikTok places ByteDance founder among China moguls in Singapore
Companies & Markets
Stocks to watch: Frasers Hospitality Trust, AEM, ARA H-Trust, Mermaid Maritime
Companies & Markets
Frasers Hospitality Trust H1 DPS falls 13.7% to S$0.01091 on higher finance costs
Banking & Finance
Manulife profit beats on growth in Asia, wealth management
Global Enterprise
Japan’s real wages fall in March, marking two years of decline
International
Gen Z is relying on debt more than Millennials did at this age
International
Trade association survey shows 79% of US biotech companies have contracts with Chinese firms
Global Enterprise
Hong Kong woos Saudi money in attempt to revive stock market
International
Squeeze on UK job market eases in April, recruiters say
Companies & Markets
AMC reports first-quarter loss with fewer studio film releases
Global Enterprise
China’s factory glut alarms the world but there’s no quick fix
International
After Serbia, China’s Xi arrives in Hungary to tighten bonds
International
Ohtani’s interpreter to plead guilty over US$17 million fraud: US Justice Dept
Property
Airbnb forecasts weaker Q2 revenue despite robust demand for international travel
Telcos, Media & Tech
iPad ‘Crush’ ad causes uproar amid AI anxiety
Companies & Markets
Robinhood beats profit estimates on interest income strength
Energy & Commodities
Oil ends slightly firmer after US crude stock draw, firmer dollar
Capital Markets & Currencies
Europe: Stoxx 600 closes at record high on earnings cheer
Capital Markets & Currencies
US: Stocks mixed as earnings season winds down
Opinion & Features
Building Singapore’s next-gen advanced manufacturing facility
Opinion & Features
You can’t shake it off – deepfakes are here
Opinion & Features
OCBC-GE: We aim to continue to drive synergy and collaboration
D7 Mark to Market
Share buybacks offer window into Seatrium board’s perspective on its stock’s value
Opinion & Features
Greater economic protectionism may follow European election
Startups & Tech
Australian startup Hysata mimics trees to make cheaper green hydrogen
Property
US 30-year mortgage rate falls for first time since March
International
China central bank says treasury bond trading will be two-way
Banking & Finance
Prudential shutters Hong Kong wealth unit Pulse
Telcos, Media & Tech
Fox profit beats estimates as lower costs help offset ad revenue weakness
YESTERDAY
Telcos, Media & Tech
Google DeepMind unveils next generation of drug discovery AI model
Companies & Markets
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Energy & Commodities
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
Banking & Finance
JPMorgan, Nomura limit Segantii exposure on Hong Kong case
Companies & Markets
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
Consumer & Healthcare
Indian winemaker Sula Vineyards' Q4 profit slips on mounting expenses
International
US wholesale inventories drop by unrevised 0.4% in March
Energy & Commodities
Insurance firms deny Chevron’s US$57 million claim for Iran oil seizure
Global Enterprise
China, Serbia chart ‘shared future’ as Xi Jinping visits Europe
Transport & Logistics
Hyundai Motor plans to add hybrids to US plant within current investment
Banking & Finance
UOB awards Wong Kan Seng over S$400,000 in shares
Companies & Markets
US: Wall St opens lower as megacaps drag
International
World extends run of heat records for 11th straight month
Energy & Commodities
China's approves first gene-edited wheat in step to open up GM tech to food crops
Companies & Markets
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
ASEAN Business
SpaceX’s unit Starlink secures Indonesia operating permit
Lifestyle
Prince Harry in London, but not meeting King Charles
ASEAN Business
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Telcos, Media & Tech
New York Times beats profit estimates on bundle strength
Capital Markets & Currencies
US dollar gains ground; subdued yen prompts Japan warning
Companies & Markets
Prime US Reit distributable income for Q1 2024 down 19.5% to US$11.9 million
International
Taiwan exports to US jump by record as China shipments fall
Lifestyle
In celebration of mothers
Banking & Finance
Seventh money laundering accused to plead guilty on May 23
Banking & Finance
DBS hires chief of Ping An’s tech group to be its new chief information officer
Transport & Logistics
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Transport & Logistics
Uber shares tumble on surprise net loss, weak second-quarter forecast
ASEAN Business
Malaysia’s stock market capitalisation hits record high of RM2 trillion
Singapore
Court grants Iswaran’s application for single trial for charges related to Ong Beng Seng, David Lum
International
Thai PM says cannabis to be re-listed as narcotic by end of 2024
Garage
Perfume subscription service I’vre closes, amid police probe on unfulfilled orders and refunds
Economy & Policy
Daily Debrief: What Happened Today (May 8)
Global Enterprise
US eyes curbs on China’s access to AI software behind apps like ChatGPT
International
India growth can top 6.5% for a decade, says economic adviser
Companies & Markets
Banks slip on Wednesday as STI falls 1.1%
Property
Government probes ‘misleading’ and ‘unrealistic’ resale listings for S$2 million HDB flats
Transport & Logistics
New law increases control of ownership, management of critical transport firms in Singapore
ASEAN Business
Indonesia central bank sees no need for more rate hikes
Opinion & Features
US-China cooperation remains possible
Transport & Logistics
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Lifestyle
English Premier League strikes deal with Fanatics on trading cards
Companies & Markets
Indian billionaire Birla said to mull US$1.2 billion in Novelis IPO
Lifestyle
How much money did this year’s Met Gala raise?
International
Thai business lobby joins rate cut call as it trims GDP forecast
Telcos, Media & Tech
Apple’s China iPhone shipments soar 12% in March after discounts
Property
German commercial property prices drop 9.6% in Q1
Banking & Finance
Indian banks to step up IT spends as regulatory scrutiny rises
Banking & Finance
Swedish central bank lowers key rate, sees two more cuts this year
ASEAN Business
Malaysia eyes ‘orangutan diplomacy’ with nations that import palm oil
Opinion & Features
No, Jerome Powell isn’t playing politics
Consumer & Healthcare
Puma returns to sales growth in Americas despite ‘volatile’ market
Global Enterprise
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
ASEAN Business
Malaysia to assess response to unilateral sanctions amid concern over Iran oil shipments
Companies & Markets
AstraZeneca lifts FTSE 100 to record high
Transport & Logistics
Toyota sees 20% full-year profit decline after blockbuster Q4
Transport & Logistics
BMW says costs, low used car prices to weigh on 2024 pre-tax profit
Singapore
Singapore seeks views on proposed changes to energy laws, such as centralised gas procurement
Lifestyle
At SFMOMA, disability artwork makes history
Telcos, Media & Tech
Amazon breaks into Europe 5G networks with Telefonica cloud deal
Companies & Markets
Nanjing Xinjiekou Department Store announces May 23 EGM; Cordlife seeking legal advice
Garage
Indonesia agritech startup Elevarm bags US$2.6 million in seed round led by Insignia
SGSME
Singapore SMEs bring robots to China’s healthcare market
Telcos, Media & Tech
US revokes Intel, Qualcomm’s export licenses to sell to China’s Huawei: sources
Global Enterprise
Global car giants seek tech allies in China’s cutthroat EV market
Transport & Logistics
Elon Musk proposed to launch robotaxis in China during April visit: state media
Companies & Markets
‘Limits’ to MOH intervention for Cordlife customer refunds, compensation: Janil
Telcos, Media & Tech
Samsung to buy French medical AI firm Sonio
Property
Swedish home prices swell with buyers expecting rate cuts
Companies & Markets
UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion
Banking & Finance
Australia lending rules make banks go ‘too hard’ on due diligence: Westpac
Global Enterprise
AI boom set to fuel data centre deals in Asia this year
Transport & Logistics
Tesla sends top executive back to China as sales slump worsens
Companies & Markets
Tycoon Richard Li said to near fibre sale to China Merchants
Banking & Finance
Australia banks shower investors with A$5 billion in buybacks
Capital Markets & Currencies
Asia: Markets mixed as traders weigh rates outlook
Consumer & Healthcare
AstraZeneca says it will withdraw Covid-19 vaccine globally as demand dips
Companies & Markets
Electronic Arts forecasts annual bookings below estimates as gamers cut spending
Transport & Logistics
Qantas boss says demand for premium class seats at record levels
Companies & Markets
Wynn Resorts quarterly results beat estimates on strength in Macau business
Global Enterprise
In rapidly ageing China, millions can’t afford to retire
Energy & Commodities
Gold prices hold ground as traders eye US Fed cues
Property
Blackstone, Starwood split on commercial property market risks
Property
Rents set to be last domino to fall in global inflation battle
Companies & Markets
SGX securities turnover jumps 37% in April; derivatives activity continues to gain ground
Companies & Markets
Singapore shares dip at Wednesday’s open; STI down 0.4%
Banking & Finance
Bank of Japan’s Ueda signals chance of policy action if yen moves affect inflation
Global Enterprise
Suspicious China cooking oil is hurting US biofuels business
Companies & Markets
Daiwa House Logistics Trust posts 0.6% higher Q1 distributable income
International
UK passport control hit by outage, causing long waits at airports
Companies & Markets
Stocks to watch: UOB, DBS, Olam, Far East Orchard, Daiwa House Logistics Trust, Manulife US Reit
Companies & Markets
Twilio forecasts quarterly revenue below estimates on weak enterprise spending
International
Fed’s Kashkari says rates likely on hold for ‘extended period’
Telcos, Media & Tech