News
Maybank lowers target price of CSE Global to S$0.58 but remains ‘top pick’
[ad_1] [SINGAPORE] Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce tariffs by US President Donald...
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
[ad_1] [HONG KONG] One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s planned Hong Kong initial public offering...
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
[ad_1] The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Published Tue, May 6, 2025 · 01:02 PM[MUMBAI] Sumitomo Mitsui Financial Group (SMFG), Japan’s second-biggest...
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
[ad_1] [MUMBAI] Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51 per cent equity in...
Hong Kong’s freight forwarding industry hit by trade war, SCMP reports
[ad_1] Published Tue, May 6, 2025 · 12:04 PM[HONG KONG] Hong Kong’s freight forwarding industry is reeling from the US-China trade war with 41 per cent of container capacity from...
Gold hits one-week high on safe-haven demand, Fed decision loom
[ad_1] Published Tue, May 6, 2025 · 10:01 AM[BENGALURU] Gold prices climbed to a one-week high on Tuesday (May 6) as rising concerns over US President Donald Trump’s tariff plans...
Big Four accounting firm PwC to slash about 1,500 jobs in the US
[ad_1] Published Tue, May 6, 2025 · 09:05 AM[BENGALURU] Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson said on Monday...
Google has launched new film and TV production wing: Business Insider
[ad_1] [BENGALURU] Google has launched a new film and TV production initiative to scout projects it could fund or co-produce, Business Insider reported, a move that could help it capitalise...
OpenAI dials back conversion plan, nonprofit to retain control
[ad_1] OPENAI has dialled back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the pioneering...
US dollar’s fall in Asia stuns investors, spreads across globe
[ad_1] [NEW YORK] The US dollar got a fresh jolt to start the week as speculation around potential trade deals sparked an extraordinary spike in Taiwan’s currency and reverberated across...
