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B
REAKING
N
EWS
TODAY
Global Enterprise
Chinese tourists are again embracing international travel
International
Abu Dhabi raises US$5 billion with first eurobonds in three years
Transport & Logistics
Volvo Cars see good demand this year after higher Q1 unit sales
Companies & Markets
Brokers’ take: CGS International upgrades Nanofilm to ‘hold’ despite lower target price
ASEAN Business
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
International
German business sentiment rises more than expected in April: Ifo
Consumer & Healthcare
Roche cuts pipeline after research setbacks and sales drop
ASEAN Business
Indonesia’s central bank delivers surprise rate hike to anchor rupiah
Capital Markets & Currencies
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
Banking & Finance
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
Companies & Markets
London stocks hit new record at open
Opinion & Features
Why a stronger dollar is dangerous
International
Prabowo’s aide says Indonesia doesn’t need another rate hike
Banking & Finance
Lloyds bank says quarterly profits sink on higher costs
Companies & Markets
Heineken sells more beer in Q1, sticks to outlook
Property
In San Francisco, a home renovation can become a battle royale
Property
Country Garden extends bonds to avoid first local default
Banking & Finance
US seeks 36 months’ jail for Binance founder Zhao
Telcos, Media & Tech
China’s Huawei launches new software brand for intelligent driving
ASEAN Business
Capital A chief Fernandes defers retirement, renews contract for five years
Property
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow
Transport & Logistics
Victims’ families to urge US prosecute Boeing over fatal crashes
Telcos, Media & Tech
China’s SenseTime soars 36% after unveiling beefier AI model
Opinion & Features
Japan is poised to fill an EV gap left by China
International
German forecast to offer signs if ailing economy on the mend
Banking & Finance
Hong Kong bourse operator’s Q1 profit down 13% on weaker listings, trading
Opinion & Features
Private credit is disrupting Hong Kong bankers’ cosy lives
International
PBOC steps up rhetoric against long-end government bond rally
Companies & Markets
Texas Instruments gives solid forecast in sign of comeback
Consumer & Healthcare
Cordlife customers push for legal action
Lifestyle
Top price predicted for long-lost Klimt portrait at Vienna auction
Opinion & Features
Climate court ruling could set precedents in Europe and beyond
ASEAN Business
Thai central bank says holding key rate steady creates ‘policy optionality’
Capital Markets & Currencies
Asia: Stocks rise on earnings optimism as US data approaches
Banking & Finance
China’s Noah to hire 50 to 100 wealth managers in Hong Kong, Singapore
International
Trade, TikTok, Taiwan: Blinken faces tough talks in China
Global Enterprise
The great Singapore cookout: More F&B businesses expanding overseas
International
Australian inflation boosts case for higher-for-longer rates
Opinion & Features
The American small-business tyrant has a favourite political party
Energy & Commodities
Gold edges down as Middle East worries ebb
Telcos, Media & Tech
US Senate passes TikTok ‘divestment-or-ban’ bill, Biden set to make it law
Companies & Markets
Tesla could start selling Optimus robots by the end of next year, Musk says
Companies & Markets
Singapore stocks climb at Wednesday’s open; STI up 0.4%
Global Enterprise
China’s prices are just too low for buyers to sweat about tariffs
Transport & Logistics
FAA probes union claims Boeing retaliated against two engineers in 2022
Telcos, Media & Tech
Singapore-based Amazon execs feel the brunt of job cuts
Companies & Markets
MPACT posts 1.8% higher Q4 DPU of S$0.0229
Companies & Markets
Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CLCT
Companies & Markets
CapitaLand China Trust posts 7.7% drop in Q1 NPI to 313.1 million yuan
Consumer & Healthcare
Apparel company Express seeks quick bankruptcy sale
International
Japan’s corporate service inflation perks up in March
Lifestyle
Celine Dion gives health update in rare interview
International
New Zealand first-quarter imports fall amid sluggish economy
Companies & Markets
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
International
Hong Kong crypto ETF launches will test ambition to be digital-asset hub
Telcos, Media & Tech
Google postpones phasing out of ad cookies in Chrome browser
Companies & Markets
CapitaLand Ascott Trust’s Q1 gross profit rises 15%
International
UK pay settlements edge lower in first quarter: industry survey
Companies & Markets
Mattel posts narrower loss, thanks to Hot Wheels growth and lower costs
Transport & Logistics
Tesla to cut more than 6,000 jobs across Texas, California
International
Trump jury told how publisher buried negative press
Banking & Finance
Visa results beat expectations on strong consumer spending trends
Companies & Markets
Starbucks set for talks with unionised US stores
Banking & Finance
Goldman Sachs shares rise to notch first record high since 2021
Transport & Logistics
French air traffic controller strike threatens flight chaos
Telcos, Media & Tech
FBI chief warns on TikTok as Senate set to back ban
Transport & Logistics
Tesla to accelerate launch of cheaper cars after sales miss
Energy & Commodities
Oil rises as dollar slips, focus shifts to economic data
Capital Markets & Currencies
Europe: Tech, retail stocks boost Stoxx 600 to one-week high
Capital Markets & Currencies
US: Stocks climb for second straight day
Telcos, Media & Tech
IBM is in advanced talks to acquire software provider HashiCorp
Opinion & Features
Far from thawing, the US-China economic war could see a new front opening up
Opinion & Features
Disney, Ford, Microsoft and the age of the quasi-merger
Opinion & Features
The income statement is changing for the better
Telcos, Media & Tech
Microsoft launches lightweight AI model
Consumer & Healthcare
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Transport & Logistics
Heathrow faces further strike action in May from ground staff
YESTERDAY
ESG
UK firms told to ‘urgently review’ green claims amid crackdown
Telcos, Media & Tech
Apple to hold launch event on May 7, with new iPads expected
Companies & Markets
Hotel Properties prices 5-year notes at 5.1%
Companies & Markets
OUE Reit obtains S$600 million unsecured sustainability-linked loan
International
Sunak says UK to raise defence spending amid global threats
Property
New US home sales jump to highest level since September
Transport & Logistics
Boeing bid for Spirit AeroSystems hits snag over Airbus assets
International
China’s central bank hints it may add treasury bond trades to policy toolkit
International
US business activity cools in April; inflation measures mixed
Property
Hong Kong developer weighs stake sale in London office skyscraper project
Companies & Markets
US: Wall St opens higher as more earnings roll in
Transport & Logistics
Tesla to cut 400 jobs in Germany via voluntary programme
Companies & Markets
GE Aerospace raises earnings goal on strong engine sales
Companies & Markets
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Companies & Markets
Lockheed Martin reports higher sales on strong defence demand
Companies & Markets
UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions
ASEAN Business
Vietnam holds first gold auction in 11 years to stabilise market
Capital Markets & Currencies
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
International
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Companies & Markets
Apac Realty enters the Philippines with franchise agreement
Companies & Markets
Aztech Global Q1 net profit up 18.7% to S$16 million on foreign exchange gains, write-backs
Transport & Logistics
UPS profit beats estimates as cost cuts offset weak delivery demand
ASEAN Business
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
Property
How Hudson Yards went from ghost town to office success story
Companies & Markets
PepsiCo beats quarterly revenue estimates on price hikes, steady demand
ASEAN Business
Thailand to replace military-appointed Senate, reduce its powers
Banking & Finance
Abu Dhabi returns to debt market with new US dollar bond
Transport & Logistics
General Motors beats quarterly results targets, raises forecast
Economy & Policy
Daily Debrief: What Happened Today (Apr 23)
Companies & Markets
Soilbuild bags contracts worth S$81 million
Telcos, Media & Tech
Spotify profits up, but lower marketing hits user growth
Banking & Finance
Ping An profit falls as market declines hurt investment returns
Telcos, Media & Tech
Apple's Q1 smartphone shipments in China tumble 19%, data shows
Consumer & Healthcare
China bubble-tea chain Chabaidao plunges on Hong Kong debut
International
Bankers lose hope of London IPO revival for another year
Companies & Markets
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
International
Decarbonisation schemes are generating hot air
Telcos, Media & Tech
Adobe to bring full AI image generation to Photoshop this year
International
BOJ will hike rates if trend inflation accelerates, says Ueda
Companies & Markets
London stock market hits record high
Banking & Finance
Binance’s rivals muscle in on Bitcoin trading around the world
International
India tells spice makers to give details of quality checks after Hong Kong allegations
Wealth
Secure a comfortable retirement via a stock portfolio
Wealth
Australia’s First Sentier shuts A$14b of funds after growth disappoints
Wealth
Investors in US stocks set to demand more dividends
International
Eurozone business in services-led bounce in April, PMI survey shows
Global Enterprise
China’s surging steel exports are inflaming global trade tension
Wealth
Paradox of high interest rates and a resilient economy
Property
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
International
German business activity returns to growth in April, PMI survey shows
International
China’s LGFV borrowing costs drop to record low as investors bet on bailout
International
UK budget deficit overshoots in setback for Hunt’s tax cut plans
Economy & Policy
Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF
International
India’s economic activity continues to expand
Companies & Markets
British retailer JD Sports to buy US rival Hibbett for US$1.08 billion
Consumer & Healthcare
Japan’s 7-Eleven convenience chain targets aggressive global growth
Transport & Logistics
Renault Q1 sales rise 1.8%, helped by financing business
Lifestyle
Belgian whose body brews alcohol beats drink-driving rap
ESG
Asia hit hardest by climate, weather disasters in 2023: United Nations
Companies & Markets
UBS lifts Chinese stocks to overweight in rare upgrade call
Global Enterprise
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Companies & Markets
Citi picks Amit Dhawan to head Singapore commercial bank operations
Lifestyle
In Brazil, hopes to use AI to save wildlife from roadkill fate
Startups & Tech
Fintech startup Qashier gets in-principle approval for major payment institution licence from MAS
Opinion & Features
Climate change is stunting our economic growth
Garage
Funding concentration seen in emerging tech startups: SGInnovate report
International
China finance ministry echoes Xi’s call for bond trading at PBOC
Capital Markets & Currencies
Asia: Most markets rise with earnings, US data in view
Banking & Finance
Thai PM asks banks to lower interest rates to help economy
ASEAN Business
Pundits divided on Bank Indonesia’s next move as rupiah hovers at multi-year low
Energy & Commodities
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Transport & Logistics
Honda to build major EV plant in Canada
Garage
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
International
Blackstone-owned Crown Resorts can keep Sydney casino licence, regulator says
Energy & Commodities
Gold edges higher; hovers near one-week low on tempered Middle East fears
Companies & Markets
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results
Companies & Markets
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Opinion & Features
Why has gold’s inverse relationship with the US dollar reversed?
Garage
SG fintech firm Bambu shuts down after missing profit targets, says founder
Banking & Finance
Japan to work with counterparts on excessive FX moves, says finance minister
Telcos, Media & Tech
SAP cloud revenue meets estimate as AI adoption fuels demand
International
Japan’s factory activity declines slow, PMI shows
Companies & Markets
Keppel Reit Q1 net property income rises 7.2% to S$48.2 million
Companies & Markets
ESR-Logos Reit posts 10.8% drop in Q1 NPI after divesting non-core assets
Banking & Finance
Memecoin mania sent Bitcoin fees soaring during the ‘halving’
Global Enterprise
China’s bubble tea boom creates a half-dozen billionaires
Companies & Markets
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN
Companies & Markets
Boeing expects slower increase in 787 production rate and deliveries: memo
Transport & Logistics
Tesla cuts marketing team in reversal of Musk’s ad strategy
Telcos, Media & Tech
Meta opens Quest operating system to third-party device makers
International
UK exports fewer goods after Brexit, tilting economy to services
International
US sues to block Coach owner’s US$8.5 billion buyout of Versace parent
International
PBOC chief urges clarity on burden sharing for debt relief
International
Taiwan hit by numerous quakes, strongest reaching 6.3 magnitude
Banking & Finance
Citigroup sells maple bonds in first sizable deal since 2015
Transport & Logistics
Former JetBlue CEO Hayes to lead Airbus in North America
Energy & Commodities
Oil futures fall as fears of a wider Middle East war fade
Capital Markets & Currencies
Europe: Stocks rebound after last week’s selloff, eyes on earnings and data
International
Shadow banking stress in South Korea sends warning to global investors
Capital Markets & Currencies
US: Stocks rebound to open big earnings week
Companies & Markets
SGX focuses on shareholder value as it proposes rules to facilitate shareholder-requisitioned meetings
Opinion & Features
Despite de-escalation, tensions between Iran and Israel remain high
Opinion & Features
Time to study broadening of private market access
Opinion & Features
An overstimulated US economy is asking for trouble
ESG
EU’s 2050 net zero goals at risk as EV rollout faces setbacks
Global Enterprise
Hedge fund industry reaches US$4.3 trillion milestone in first quarter
Telcos, Media & Tech
TikTok risks fines as EU issues ultimatum over app launch
APR 22
International
Sanofi to pay US$100 million to settle Zantac cancer lawsuits
International
Canadians’ perceived job security falls to lowest since pandemic
International
Vodafone Idea fetches bids worth US$10.6 billion in India's largest-ever follow-on share sale
Lifestyle
‘Tomb Raider’ games owner Embracer splits into three companies
Companies & Markets
Reliance misses profit estimate on petrochemicals drag
Telcos, Media & Tech
ASML takes step toward major expansion in Eindhoven, Netherlands
Transport & Logistics
Tesla’s latest price cuts risk wiping out China earnings
Companies & Markets
US: Wall St opens higher after Friday sell-off, Middle East tensions subside
International
Iranian president vows to boost trade with Pakistan to US$10 billion a year
Companies & Markets
LHN’s Coliwoo unit sells 20% of stake in subsidiary for S$20,000
Companies & Markets
Nanofilm Q1 revenue up 19% on recovery of consumer business
International
Thai central bank could adjust rates if economic outlook shifts, says deputy governor
International
Indonesia court rejects election disputes, upholding president-elect Prabowo’s win
Garage
Decarbonisation startup Accacia raises US$6.5 million
Capital Markets & Currencies
US dollar forges higher after volatile week, yen in spotlight
ASEAN Business
Malaysia’s Sapura Energy to sell stake in SapuraOMV to TotalEnergies for US$705 million
Energy & Commodities
Saudi Aramco in talks to buy 10% of China’s Hengli Petrochemical
Wealth
At 5% yields, investors find it’s worth paying for actively managed bond funds again
Capital Markets & Currencies
Chinese quant funds expand abroad as rules tighten at home
ASEAN Business
Thailand pitches to host Formula One race to bolster tourism
Companies & Markets
CapitaLand Ascendas Reit posts 17% rental reversion in Q1
ASEAN Business
Indonesia expects palm oil exports to recover in April
International
Taiwan hit by strong 5.5-magnitude quake
International
US consumers on lower incomes face loan stress while banks pull back
Wealth
A more reliable way to get enough investment returns
Economy & Policy
Daily Debrief: What Happened Today (Apr 22)
International
Sri Lanka's inflation drops to 2.5% in March
Companies & Markets
Asia stocks rise on cooling geopolitical tensions; STI up 1.5%
Global Enterprise
World’s workers increasingly at risk as climate changes: ILO
International
Global military spending climbed 7% in 2023 amid conflicts
International
China’s Q1 fiscal revenue falls as tax cut policies weigh
International
Taiwan March export orders trails forecasts, but government pins hopes on AI
Property
Eurozone consumers increasingly struggle to pay for housing
Companies & Markets
Brokers’ take: DBS raises StarHub target price on potential Ensign spin-off
International
Denmark launches its biggest offshore wind tender
Capital Markets & Currencies
China state fund pours US$41 billion into stock market in Q1: reports
Lifestyle
HSBC contributes more than S$500,000 to sustainability initiatives since 2020
Companies & Markets
Saudi PIF merges mobile tower firms to create regional giant
Lifestyle
Rare Rolex fetches record 3.3 million euros at Monaco auction
Companies & Markets
Intraco scraps acquisition of 51% stake in digital asset platform
Transport & Logistics
China’s state planner warns intensified EV price war on oversupply
Companies & Markets
MAS issues 12-year prohibition order against former Manulife representative for cheating
International
Mongolia signs landmark climate finance deal for its grasslands
Property
URA releases reserve list site in Zion Road after developer commits to bid at least S$604.6 million
Property
Norway’s US$1.6 trillion fund turns developer on trophy UK properties
Opinion & Features
Is the global economy stumbling into ‘the tepid Twenties’?
International
EU aims to increase food exports to China despite trade tensions
Transport & Logistics
Volkswagen to face investors sceptical of China turnaround plan
ASEAN Business
Vietnam set to launch new stocks trading system in bid for market upgrade
Telcos, Media & Tech
Tencent shares climb most in months as blockbuster debuts early
ASEAN Business
Vietnam central bank delays gold auction due to lack of interest
ASEAN Business
Indonesia’s March trade surplus beats estimates, posting its largest in over a year
Companies & Markets
Brokers woo ‘snowball’ buyers with 40% returns after China stock market rout
Energy & Commodities
Oil prices ease as Iran-Israel tensions ease
Companies & Markets
Cordlife directors file court application against company to cancel private placement
ASEAN Business
Thailand says China’s Chery Automobile to set up manufacturing plant
International
11 missing, tens of thousands evacuated as storms strike south China
Banking & Finance
Chinese banks hold lending rates with yuan under pressure
Companies & Markets
ComfortDelGro takes out S$100 million green loan to decarbonise UK bus fleet
ESG
Europe suffered record number of ‘extreme heat stress’ days in 2023: monitors
International
Raimondo says Huawei’s chip breakthrough is years behind US tech
Capital Markets & Currencies
Asia: Markets bounce as Middle East fears ease, US inflation in view
International
South Korea’s early exports rise as momentum remains strong
Global Enterprise
Chinese property tycoon faces payment demands on overdue loans
Lifestyle
Egypt reclaims 3,400-year-old stolen statue of King Ramses II
Energy & Commodities
Gold edges down as rising bond yields dent appeal
Banking & Finance
BNP Paribas hires 30 to build up new China securities unit
ESG
Negotiations on global plastic treaty to resume in Canada
Companies & Markets
Sabana Reit sponsor will not need to abstain from voting on trust deed amendments: SGX RegCo
Companies & Markets