Fashion
Stocks to watch: CapitaLand Investment, Nio, MIT, Jardine Cycle & Carriage, iFast, Sasseur Reit, Elite UK Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 2).CapitaLand Investment (CLI): The real estate investment manager reported a total revenue...
US tariffs provide opportunities for Greenlink Digital Bank: chairman
[SINGAPORE] The continued uncertainty with US tariffs could provide more opportunities rather than challenges to Greenlink Digital Bank (GLDB).
GLDB chairman Geng Jing believes that the tariffs could spur deeper...
Apple expects US$900 million tariff hit as it shifts US iPhone supply to India
[SAN FRANCISCO] Apple on Thursday (May 1) reported first-quarter profit above expectations, but warned that US tariffs could cost the company and were disrupting its supply chain.Apple expects US...
Automakers could still face up to US$12,000 impact per car from tariffs
[WASHINGTON] A Michigan-based economic consulting group said on Thursday that automakers will still face a US$2,000 to US$12,000 tariff impact per vehicle despite the White House moving to soften trade levies...
Mastercard profit beats expectations on resilient consumer spending
MASTERCARD beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the economic uncertainty sparked by US President Donald Trump’s sweeping...
US: Stocks boosted by gains in Microsoft, Meta
[NEW YORK] WALL Street stocks rallied on Thursday after strong results from Microsoft and Facebook parent Meta offset lingering worries about an economic slowdown.Microsoft surged 7.6 per cent following results showcasing...
Electronic Arts lays off hundreds of workers in latest round of cuts
Electronic Arts, the global video game company, is slashing its workforce again.The company, based in Redwood City, Calif., has eliminated several hundred positions, including about 100 jobs at Respawn,...
Ryanair threatens to cancel huge Boeing order if tariffs raise prices
[DUBLIN] Ryanair on Thursday (May 1) threatened to cancel orders for hundreds of Boeing aircraft if a US-led tariff war leads to materially higher prices, and said it could...
HSBC to lose Asia expert as chairman Mark Tucker announces retirement
[LONDON] HSBC said on Thursday (May 1) that chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe’s biggest...
GM slashes guidance with up to US$5 billion hit from tariffs
[DETROIT] General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the biggest financial hits revealed by any company so...
