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B
REAKING
N
EWS
TODAY
Companies & Markets
Sanofi inks US$1.2 billion vaccine licensing deal with Novavax
Lifestyle
Taylor Swift fever grips Paris at start of Europe tour
International
Canada job gains blow past forecasts; wage growth slows
Companies & Markets
Hin Leong founder OK Lim found guilty of 3 criminal charges
Transport & Logistics
Ford CFO Lawler to step down in early 2025
International
ECB set scene for June rate cut at last meeting, account shows
Companies & Markets
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share
Companies & Markets
GuocoLand sells its stake in Eco World International for S$61 million
Companies & Markets
Genting Singapore nearly doubles Q1 net profit to S$247.4 million on CNY tourism spending
International
Japan closely monitoring weak yen, PM Kishida says, in fresh warning from Tokyo
Companies & Markets
Mapletree Logistics Trust to sell Tuas warehouse for S$10.5 million
Global Enterprise
Biden’s plan to hit China with more tariffs is mostly symbolic
Transport & Logistics
Tata Motors Q4 profit jumps over three-fold
Companies & Markets
Keppel sells stake in Dyna-Mac for S$100 million
Economy & Policy
Daily Debrief: What Happened Today (May 10)
Companies & Markets
STI climbs 0.8% on Friday, tracking regional rally
International
Sterling rises after UK economy beats expectations and exits recession
Economy & Policy
Singapore must find partners abroad, keep harmony at home: PM Lee
Singapore
Singapore’s new leaders must prepare to be tested on foreign policy: PM Lee
Opinion & Features
Preschools no child’s play as more investors join the fray
Transport & Logistics
China’s Zeekr prices US IPO at top of range to raise US$441 million
Consumer & Healthcare
New weight-loss, diabetes drugs reach one in eight Americans
Startups & Tech
Tencent-backed startup Airwallex courts Middle Eastern wealth funds
Transport & Logistics
BA-owner IAG projects strong summer after solid first quarter
International
China’s car exports hit record high in April, as domestic sales fall
Global Enterprise
Singapore’s GIC bets on Latin American infrastructure companies
Lifestyle
Fifa may face legal action from players’ union, leagues over packed schedule
Opinion & Features
Why higher Fed rates are not totally off the table
Companies & Markets
London's FTSE 100 extends record streak as UK exits recession
Economy & Policy
Higher starting pay, easier route for poly grads among moves to boost supply of local accountancy talent
International
UK exits recession with fastest growth in nearly three years
Transport & Logistics
Honda sees full-year profit rising 2.8%
Companies & Markets
Hot stock: UOI surges to over 6-month high amid heavy trading
Property
Half of German housing construction firms short on orders
Global Enterprise
China’s housing mess finally hits Xi’s interest
Companies & Markets
Brokers’ take: AEM now in ‘hold’ position for Maybank and DBS
Property
A way to beat high mortgage rates is to take over someone else’s loan
Companies & Markets
Cordlife says private placement is to address urgent cash needs
Telcos, Media & Tech
TSMC keeps sales growth up in April as AI drives 60% jump
Companies & Markets
OCBC’s Q1 profit up 5% to S$1.98 billion; CEO confident about 2024
International
Europe’s rush for rate cuts shifts global market power away from US
International
China’s push for greener aluminium hit by erratic rains, power cuts
International
Saudi crown prince to visit Japan
Banking & Finance
A$90 billion Australia pension reviews investments as Israel-linked firms face pressure
International
JPMorgan says India index inclusion on track, clients ready
International
Japan’s consumer spending extends declines as outlook weakens
ASEAN Business
Malaysia’s March industrial production up 2.4%, lower than forecast
Property
With China’s property market struggling, India, South Korea and Vietnam are hot
Lifestyle
Einstein and anime: Hong Kong university tests AI professors
Energy & Commodities
Philippines says US, China eyeing mining opportunities, especially in nickel
Banking & Finance
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
Capital Markets & Currencies
Asia: Markets mostly rise as US data boosts rate hopes
Energy & Commodities
Gold set for best week in five on renewed US rate-cut hopes
Companies & Markets
Cordlife substantial shareholders lay out separate plans to address issues after AGM
International
Measuring the Trump vote: a years-long headache for US pollsters
Garage
Battery swapping faces uphill climb in Singapore’s EV market
Singapore
Porsche to open S$100 million ‘experiential centre’ in Changi by 2027
Singapore
Singapore’s 2023 tourism receipts hit S$27.2 billion, may hit record S$29 billion in 2024
Global Enterprise
Biden poised to impose tariffs on China EVs, strategic sectors
Global Enterprise
European firms souring on China, lobby group warns
Lifestyle
What Beethoven’s Ninth teaches us
Wealth & Investing
Daniel Kahneman on better decision-making
Companies & Markets
Singapore stocks advance at Friday’s open, STI up 0.4%
Banking & Finance
Bank of Japan must avoid raising rates to combat weak yen, says ex-central banker Watanabe
Companies & Markets
United Hampshire US Reit reports 19% lower distributable income of US$6.4 million
Banking & Finance
Jury chosen for Bill Hwang’s trial over Archegos collapse
Banking & Finance
UBS weighs bonus for investment bankers who refer rich clients
Companies & Markets
Stocks to watch: OCBC, Sri Trang Gloves, Wilmar, Great Eastern, F&N, SingPost
International
US lawmakers unveil bill to make it easier to restrict exports of AI models
Transport & Logistics
BP keen to buy Tesla supercharging sites for US expansion
Banking & Finance
Citadel Securities is setting revenue records, CEO Zhao says
Companies & Markets
SingPost H2 profit up 93.4% at S$66.9 million; final dividend of S$0.0056 per share proposed
Telcos, Media & Tech
Reddit to release new products aimed at site’s ‘user economy’
International
New Zealand manufacturing picks up but remains in contraction
Property
Sony’s plans for Paramount include sale of famous studio lot
Telcos, Media & Tech
Microsoft to launch mobile game store, vying with Apple, Google
Telcos, Media & Tech
Apple to power AI tools with in-house server chips this year
International
Stormy Daniels denies cashing in on claimed tryst with Trump
Companies & Markets
OCBC Q1 profit rises 5% to S$1.98 billion
ESG
US banks face climate risk data challenges, Fed analysis shows
International
HSBC, Standard Chartered press Sunak to ease clampdown on China business
Energy & Commodities
Biden determined to keep US Steel in US hands: White House
Energy & Commodities
Oil holds near one-week high on rising demand hopes after China, US data
Capital Markets & Currencies
Europe: Stoxx 600 ends at record high; BBVA weighs on Spain
Telcos, Media & Tech
Apple apologises for iPad Pro ad, scraps plan to air it on TV
Capital Markets & Currencies
US: Stocks rise on hopes of interest rate cuts
Wealth & Investing
Fed hawks will fly lower – eventually
Wealth & Investing
Why investors should exercise restraint on debt
Lifestyle
This test might be the best way to track fitness and longevity
Opinion & Features
Argentina’s inflation paradoxes
Opinion & Features
Community-centred approaches are key to a just energy transition
Global Enterprise
Chinese companies hit with US trade restrictions over spy balloon incident
Companies & Markets
US junk-rated firms refinanced US$270 billion debt in 2024, JPMorgan says
Companies & Markets
Fu Yu posts Q1 net profit of S$5,200
Global Enterprise
China’s BYD will consider second Europe plant in 2025, executive says
Companies & Markets
Sri Trang Gloves Q1 net profit up 10.9% to 146.8 million baht
YESTERDAY
Banking & Finance
Manulife profit beats on growth in Asia, wealth management
Companies & Markets
Kimly H1 net profit dips 6.1% to S$17.5 million
Transport & Logistics
Passenger plane's tyre bursts on landing in Turkey; no casualties
Lifestyle
NYC sued for denying gay employees in vitro fertilization coverage
Transport & Logistics
Boeing passenger plane exits runway in Senegal, injuring 11
Global Enterprise
Xi touts China-Hungary relations as a good blueprint for Europe
Property
Frasers Property in talks to sell serviced apartments, former Zouk warehouses in Jiak Kim Street, say sources
Companies & Markets
Geo Energy Resources Q1 net profit falls 46% to US$8.7 million
Telcos, Media & Tech
TikTok to label AI-generated content from OpenAI and elsewhere
Telcos, Media & Tech
Chinese chip maker SMIC says revenue up 20% as clients restock
Companies & Markets
PwC cuts 60 Canadian jobs, bracing for economic slowdown
Companies & Markets
Food Empire Q1 revenue up 14.5% to US$117.5 million
Companies & Markets
Centurion Q1 revenue up 30% to S$61.1 million on higher rents
Companies & Markets
Drugmaker Abbott India posts Q4 profit rise on higher sales
Economy & Policy
India’s 2023/24 fiscal deficit seen slightly better than projected: source
Companies & Markets
US: Wall St muted as weak earnings offset jobless claims relief
Energy & Commodities
India projects biggest power shortfall in 14 years
International
Bank of England holds rates at 16-year high, moves closer to first rate cut since 2020
Companies & Markets
ST Engineering appoints banking veteran Philip Lee to its board
Companies & Markets
F&N H1 net profit up 52.5% to S$83.8 million
International
US weekly jobless claims increase more than expected
International
Sri Lanka plans for presidential election between September and October
Companies & Markets
Wilmar obtains US$100 million sustainability-linked loan from Maybank
Companies & Markets
Civmec Q3 net profit up 16.9% to A$17.1 million
Crypto & Alternative Assets
Bitcoin’s longest losing streak of 2024 casts cloud over crypto
Companies & Markets
London's FTSE 100 hits new high after BOE signals rate cuts
International
Vietnam’s China ties loom large in US hearing on market economy upgrade
Opinion & Features
Bordeaux en primeur report: Which 2023 vintage wines should you buy?
Banking & Finance
Sterling slips as BOE holds rates; hawkish BOJ policymakers pause yen slide
Lifestyle
Olafur Eliasson’s sensory spectacle at SAM
Companies & Markets
Riverstone’s Q1 2024 net profit rises 54.5% to RM72.2 million
Telcos, Media & Tech
Warner Bros Discovery posts larger-than-expected loss on studio slump, weak ad market
Lifestyle
Sony plans bid versus Blackstone, KKR for US$1.3 billion manga app
Companies & Markets
Nanjing Xinjiekou seeks shareholders’ support at AGM to emerge from ‘darkest chapter’ in Cordlife’s history
Companies & Markets
Singapore energy scene in no danger of shake-up even as oil giants rejig portfolios: observers
Economy & Policy
Daily Debrief: What Happened Today (May 9)
Transport & Logistics
Abu Dhabi's Etihad Airways reports surge in Q1 profit
ASEAN Business
No surprise as Malaysia’s central bank holds key interest rate at 3%
Transport & Logistics
Tesla ramps up job cuts in China as sales slowdown bites
Companies & Markets
Singapore stocks close flat amid mixed regional trading
Lifestyle
Beauty titan L’Oreal banks on technology
Lifestyle
Ichigo Ichie – new location, safe cooking at this Japanese kappo
Lifestyle
Mother’s Day gift guide: Incredible gifts for incredible women
Lifestyle
Timely gifts for Mother’s Day
Lifestyle
Gifts for the mums in our midst
Property
Seoul to unveil property debt measures next week
Lifestyle
Furniture or sculpture? Le Gall blurs the line
Property
Hong Kong’s new home sales hit record high of US$5.4 billion
Transport & Logistics
Japan’s NYK Line, Singapore’s GCMD to launch six-month biofuel bunker project
International
South Korea's Yoon apologises over handbag scandal, pledges focus on economy
International
Thai economists back BOT independence as rate-cut calls grow
Banking & Finance
India’s SBI forecasts steady credit growth after quarterly profit beat
ASEAN Business
Vietnam’s banks face borrowing cost rise as deposits dip
Transport & Logistics
Air India Express flights disrupted for second day after cabin crew call in sick
Property
Chinese cities lift curbs on buying homes as property crisis bites
Transport & Logistics
Nissan upbeat on annual profit despite challenges
Energy & Commodities
Panasonic’s battery unit misses annual profit estimate
International
US overtakes China as Germany's top trading partner
International
BOJ's board turned hawkish in April, steady rate hikes now in view
Energy & Commodities
Japan's Nippon Steel full-year profit down 21%, beats estimates
Companies & Markets
Takeda profit slumps by half as Japanese drugmaker rebuilds pipeline
Property
Manhattan apartment rents climb to highest on record for April
Property
LHN’s Coliwoo, Oxley boss tie up to buy Wilmer Place for S$26.5 million
Global Enterprise
TPG raises US$8 billion for Asia-focused private equity, real estate funds
Companies & Markets
Brokers’ take: Analysts positive on Aims Apac Reit’s prospects; trim targets on lower earnings estimates
Energy & Commodities
Australia unveils plans to keep burning gas beyond 2050
Capital Markets & Currencies
Yen’s fragility raises spectre of a new currency war in Asia
International
Philippine economy grows less expected than on weaker consumer spending
Property
Major Chinese city scraps housing curbs as loosening gains steam
Capital Markets & Currencies
Hong Kong stock exchange chief is betting on big IPOs coming back
Property
Country Garden says it aims to pay onshore coupons due on Thursday by May 13
International
Asian junk bond sales are hottest in five years on India boom
Global Enterprise
China’s exports and imports return to growth, signalling demand recovery
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
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
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
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
International
Squeeze on UK job market eases in April, recruiters say
Companies & Markets
AMC reports first-quarter loss with fewer studio film releases
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
Opinion & Features
Greater economic protectionism may follow European election
Opinion & Features
Share buybacks offer window into Seatrium board’s perspective on its stock’s value
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
MAY 08
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