Entrepreneurship
Europe: Stoxx 600 rounds off fifth week of gains, Cartier-parent Richemont advances
[BENGALURU] European shares rounded off their fifth week of gains on Friday (May 16), as trade deals out of the US eased tariff worries and strong corporate results provided...
US: Wall Street advances on trade hopes, data shows investor pessimism
[NEW YORK] Wall Street’s main indices rose on Friday (May 16) for their fifth straight day, buoyed by the US-China tariff truce earlier in the week even as economic...
HSBC revamps financing, advisory to help private credit push
[LONDON] HSBC Holdings is reorganising its capital markets and corporate advisory units into a new business as part of a plan aimed at helping Europe’s biggest bank grab a...
Citi to cut up to 200 tech contractor roles in China
[HONG KONG] Citigroup is cutting up to 200 information technology (IT) contractor roles in China, two people familiar with the matter said, as the bank looks to hire its...
Pacific International Lines’ FY2024 net profit quadruples to US$1.3 billion
[SINGAPORE] Pacific International Lines (PIL) on Friday (May 16) posted a net profit of US$1.3 billion for the FY2024 ended Dec 31, 2024, more than quadrupling from US$306.9 million...
No material impact from tariffs on bookings for now: SIA CEO
[SINGAPORE] Singapore Airlines (SIA) has not seen any significant impact of the US tariff turmoil on its bookings for now, chief executive Goh Choon Phong said at its financial...
Dovish Bank of Japan policymaker urges pause in rate hikes on US tariff uncertainty
[TOKYO] The Bank of Japan must hold off raising interest rates for the time being, its board member Toyoaki Nakamura said on Friday, warning of growing downward pressure on...
As US, China reach a trade truce, these are the stocks to buy or avoid
[SINGAPORE] Markets have experienced wild swings since US President Donald Trump slapped tariffs on the country’s trading partners.Globally, US and other major markets have sold off with investors piling...
Genting Singapore shares are undervalued despite drop in earnings, Morningstar says
[SINGAPORE] Genting Singapore’s shares are undervalued despite its recent weak earnings, says Morningstar. Morningstar’s senior equity analyst, Jennifer Song, has a fair value estimate of S$0.96 for Genting Singapore...
HPL surges 5%; SGX RegCo requests explanation
[SINGAPORE] Shares of Hotel Properties Ltd (HPL) climbed as high 5.3 per cent in morning trading on Friday (May 16), prompting queries from Singapore Exchange Regulation (SGX RegCo) for...
