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Singapore, Malaysia markets rise, while Taiwan stocks drop as Trump sets new tariff rates
[ad_1] [SINGAPORE] Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US President Donald Trump’s global tariff rates.Malaysia, Thailand...
First Hong Kong stablecoin licences may be issued early next year, HKMA says
[ad_1] Published Fri, Aug 1, 2025 · 09:43 AM[HONG KONG] The first batch of Hong Kong stablecoin issuer licences is expected to be granted early next year, the Hong Kong...
OCBC Q2 profit falls 7% to S$1.82 billion; to pay S$0.41 a share in dividends
[ad_1] The earnings beat the S$1.79 billion consensus forecast from a Bloomberg poll of six analysts[SINGAPORE] OCBC’s net profit for the second quarter fell 7 per cent as interest rates...
Apple revenue forecast beats estimates as iPhone sales soar
[ad_1] [SAN FRANCISCO] Apple forecast revenue well above Wall Street’s estimates on Thursday, following strong June-quarter results supported by customers buying iPhones early to avoid US President Donald Trump’s tariffs. Chief financial...
Frasers Logistics & Commercial Trust’s portfolio occupancy falls to 92.5%
[ad_1] [SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Thursday (Jul 31) reported a lower portfolio occupancy of 92.5 per cent as at Jun 30, down 1.4 percentage points from...
Del Monte Pacific hit by nearly US$800 million in losses from US unit collapse
[ad_1] [SINGAPORE] Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, on Thursday (Jul 31) unveiled a net loss of US$742.1 million for its fourth...
StanChart CEO says ‘shame on’ big banks quitting net zero group
[ad_1] [LONDON] The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their commitment to achieving net zero emissions.
“Shame on...
CapitaLand Ascott Trust to sell Citadines Central Shinjuku Tokyo for S$222.7 million by Q4 2025
[ad_1] [SINGAPORE] CapitaLand Ascott Trust (Clas) is proposing to divest Citadines Central Shinjuku Tokyo for S$222.7 million, with the transaction expected to be completed by the fourth quarter of 2025.On...
Singapore shares dragged by Singtel, Seatrium declines; STI down 1.1%
[ad_1] [SINGAPORE] Local stocks declined for the fifth straight session on Thursday (Jul 31), amid heavy selling in index heavyweights Singtel and Seatrium. The benchmark Straits Times Index (STI) lost...
Microsoft poised for US$4 trillion valuation after solid results
[ad_1] [REDMOND] Microsoft is set to soar past US$4 trillion in market valuation for the first time on Thursday (Jul 31), as a blockbuster earnings report helps the tech behemoth...
BMW profits slump on China woes, US tariffs
[ad_1] [FRANKFURT] BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in...
Asian markets with strong policy support stand to gain as Fed defies Trump’s demand to cut rates
[ad_1] [SINGAPORE] The US Federal Reserve’s decision to defy President Donald Trump’s demands by keeping interest rates unchanged for the fifth straight time was broadly in line with market expectations....