Once seen as a small, “unexciting” market for income-seeking investors, Singapore equities have taken a sharp turn upwards, surging to record highs, with major banks and market watchers signaling that the rally is just getting started. Building on its strong gains from last year, the benchmark Straits Times Index hasRead More →
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges, according to the bank. The bank also announcedRead More →
Li Auto stocks plunge over 11% after debuting six-seat electric SUV Stocks of Chinese electric vehicle manufacturer Li Auto fell over 11% after it launched a six-seat electric vehicle. The Li i8 is available in three variants — Pro, Max, and Ultra — priced at RMB321,800 ($44,838) RMB349,800, and RMB369,800,Read More →
Civil jet airplanes of Singapore Airlines and its subsidiaries — Tigerair, Silkair and Scoot — at Changi International Airport, Singapore. Universal Images Group | Getty Images Shares of Singapore Airlines (SIA) fell after the carrier reported a 59% decline in earnings for the first quarter of its 2025/2026 financial year.Read More →
Asia markets start Tuesday trading in the red Asia markets started the trading day lower. Japan’s benchmark Nikkei 225 fell 0.61%, while the Topix lost 0.76%. South Korea’s Kospi fell 1.09%, and the small-cap Kosdaq slipped 0.88%. Australia’s S&P/ASX 200 lost 0.42%. —Lee Ying Shan Opening calls Good morning from Singapore. Asia markets are poised forRead More →
Chinese yuan appreciates to strongest level against greenback since November 2024 The Chinese offshore yuan appreciated to 7.1444 against the dollar, marking the strongest level since November 2024, data from LSEG showed. Similarly, the Thai baht appreciated to 32.07 per U.S. dollar, marking the strongest against the greenback since FebruaryRead More →
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Japanese automakers surged after Japanese Prime Minister Shigeru Ishiba said that U.S. auto tariffs were lowered to 15%Read More →
Trump announces ‘massive’ trade deal with Japan with 15% tariffs U.S. President Donald Trump on Tuesday stateside announced that he had made the “largest Deal ever” with Japan, which involves tariffs of 15% on the country’s exports to the U.S. In a post on Truth Social, Trump also said thatRead More →
