News
Barclays beats first-quarter forecasts as Trump turmoil supercharges trading
[ad_1] [LONDON] Barclays booked a stronger than expected 19 per cent increase in first-quarter profit on Wednesday (Apr 30), as trading activity surged in the early months of US President...
US: Stocks end mostly up, rebounding from bad GDP report
[ad_1] Published Thu, May 1, 2025 · 06:07 AM[NEW YORK] Wall Street stocks finished mostly higher on Wednesday (Apr 30) after digesting a poor US GDP reading that was offset...
Trump should revise rules for AI chip exports, says Nvidia CEO
[ad_1] Huang says policies and support from the administration are crucial to accelerating the global diffusion of American AI technologyPublished Wed, Apr 30, 2025 · 11:22 PM[WASHINGTON] Nvidia chief executive...
TikTok plans to build 1b euro data centre in Finland
[ad_1] [HELSINKI] TikTok plans to invest 1 billion euros (S$1.48 billion) to build its first data centre in Finland as it moves data storage for European users to the continent,...
Miu Miu’s momentum powers Prada sales growth
[ad_1] Published Wed, Apr 30, 2025 · 08:03 PM[MILAN] Net revenues at Italian luxury group Prada rose 12.5 per cent at constant exchange rates in the first quarter, slightly above...
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
[ad_1] [SINGAPORE] The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to £4.8 million (S$8.4 million) in Q1 2025,...
Singapore stocks rise on Wednesday, snapping four-day losing streak; STI up 0.7%
[ad_1] Across the broader market, gainers beat decliners 288 to 177, after 971.8 million securities worth S$1.4 billion change hands[SINGAPORE] Equities on the Singapore bourse rose on Wednesday (Apr 30),...
Goldman sees central banks buying more renminbi, won, Singapore dollars
[ad_1] [SYDNEY] South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the US dollar, according...
Japan’s Nikkei posts first monthly gain for the year on trade talk hopes
[ad_1] [TOKYO] Japan’s Nikkei share average gained on Wednesday (Apr 30) as investors awaited developments in US-Japan tariff talks, helping the benchmark to register its first monthly gain since December.The...
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
[ad_1] [BANGKOK] Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming...
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
[ad_1] [HONG KONG] Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment portfolio in the secondary market, two sources with knowledge...
