Culture
US: Wall St opens lower as trade truce rally fades
Published Thu, May 15, 2025 · 09:46 PM[WASHINGTON] Wall Street’s main indexes opened lower on Thursday (May 15) as euphoria from the US-China tariff truce waned, while UnitedHealth’s stock...
Coinbase expects up to US$400 million hit from cyberattack
The company says the attackers stole some data including names, addresses and emails, but they did not get access to login credentials or passwordsPublished Thu, May 15, 2025 ·...
Japan’s megabanks forecast more record profits despite tariff uncertainty
[TOKYO] Japan’s three largest banking groups posted record annual net profit in the last financial year, benefitting from increased corporate activity due to the end of deflation in Japan.
The...
Singapore biotech firm Mirxes launches IPO in Hong Kong to raise HK$1 billion
[SINGAPORE] Singapore biotech start-up Mirxes launched its initial public offering (IPO) in Hong Kong on Thursday (May 15) as it seeks to raise HK$1.09 billion (S$181 million) to further...
Jack Ma-backed Ant’s profit fell 31% on AI, new business costs
[BEIJING] Ant Group’s quarterly profit fell 31 per cent as the firm invested in artificial intelligence and other initiatives to bolster revenue growth. The Hangzhou-based online finance firm contributed 1.76...
TikTok charged with breaching EU online content rules
TikTok also faces a second DSA investigation into its management of risks related to electionsPublished Thu, May 15, 2025 · 06:52 PM[BRUSSELS] Social media app TikTok was charged by...
SIA posts 65% rise in net profit to S$2 billion for H2 FY25 on non-cash gain
[SINGAPORE] Singapore Airlines (SIA) posted a 65 per cent surge in net profit to S$2 billion for the second half of FY2025 ended March, boosted by the non-cash accounting...
SIA staff to get 7.45 months of bonus for FY2025
[SINGAPORE] Singapore Airlines (SIA) is said to be rewarding eligible employees with a profit-sharing bonus of 7.45 months for FY2025, marginally lower than the 7.94 months for FY2024, but...
Singapore shares gain as investors take stock of earnings reports; STI increases 0.5%
Across the broader market, losers beat gainers 283 to 238, as 1.4 billion securities worth S$1.5 billion change hands[SINGAPORE] Local stocks climbed on Thursday (May 15), as investors assessed...
MAS proposes key changes in IPO rules and processes to boost SGX’s appeal
[SINGAPORE] The Monetary Authority of Singapore (MAS) is currently seeking feedback on proposed changes to simplify prospectus requirements and enhance investor outreach for initial public offerings (IPOs), it announced...
