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Property
Government probes ‘misleading’ and ‘unrealistic’ resale listings for S$2 million HDB flats
Companies & Markets
UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion
Transport & Logistics
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Singapore
Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD
SGSME
Singapore SMEs bring robots to China’s healthcare market
Economy & Policy
Daily Debrief: What Happened Today (May 8)
ASEAN Business
Malaysia’s economic outlook is upbeat, but small businesses feel the pinch
Global Enterprise
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
Singapore
Court grants Iswaran’s application for single trial for charges related to Ong Beng Seng, David Lum
Podcasts
BT Money Hacks: How to start investing in forex (Ep 169)
BREAKING NEWS
International
China central bank says treasury bond trading will be two-way
Banking & Finance
Prudential shutters Hong Kong wealth unit Pulse
Property
US 30-year mortgage rate falls for first time since March
Companies & Markets
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Startups & Tech
Australian startup Hysata mimics trees to make cheaper green hydrogen
Telcos, Media & Tech
Fox profit beats estimates as lower costs help offset ad revenue weakness
Telcos, Media & Tech
Google DeepMind unveils next generation of drug discovery AI model
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Financial Results
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
New York Times beats profit estimates on bundle strength
Prime US Reit distributable income for Q1 2024 down 19.5% to US$11.9 million
Inflation
Swedish central bank lowers key rate, sees two more cuts this year
Bank of Japan’s Ueda signals chance of policy action if yen moves affect inflation
Inflation-hit Argentina has a new top banknote, worth just US$10
Cryptocurrencies
US dollar gains ground; subdued yen prompts Japan warning
Grayscale Bitcoin Trust sees first inflows since US ETFs were approved
Robinhood Crypto gets Wells notice from US SEC
Covid-19
AstraZeneca says it will withdraw Covid-19 vaccine globally as demand dips
Moderna beats quarterly estimates as cost-cutting pares losses
Covid-19 lowered life expectancy by 1.6 years worldwide: study
Interest Rates
Indonesia central bank sees no need for more rate hikes
Thai business lobby joins rate cut call as it trims GDP forecast
Swedish central bank lowers key rate, sees two more cuts this year
Electric Vehicles
Hyundai Motor plans to add hybrids to US plant within current investment
Global car giants seek tech allies in China’s cutthroat EV market
Tesla sends top executive back to China as sales slump worsens
Canada
Rents set to be last domino to fall in global inflation battle
Alleged Chinese meddling spurs foreign agent registry in Canada
Global housing shortages are crushing immigration-fuelled growth
Climate Change
World extends run of heat records for 11th straight month
Cut aid for livestock farms to help climate fight, World Bank says
US, Chinese climate negotiators meeting on greenhouse gas curbs
Currencies
US dollar gains ground; subdued yen prompts Japan warning
Inflation-hit Argentina has a new top banknote, worth just US$10
US dollar inches up; Aussie, yen slide
Semiconductors
Infineon launches savings programme as weak demand persists
Apple is working on its own AI chip for data centres: WSJ
Nvidia is missing link in a strong season of AI earnings reports
Housing
US 30-year mortgage rate falls for first time since March
Swedish home prices swell with buyers expecting rate cuts
Rents set to be last domino to fall in global inflation battle
M&A
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift