DBS looks to volume growth to mitigate falling interest rates; stock soars to record high

DBS looks to volume growth to mitigate falling interest rates; stock soars to record high

[SINGAPORE] DBS expects deposits volume growth will continue to support net interest income for 2025, even as its net interest margin (NIM) declines due to falling interest rates, said chief executive Tan Su Shan. Speaking at the lender’s second-quarter results briefing on Thursday (Aug 7), Tan flagged changes in interest rates and foreign exchange (forex)…

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Trump Says He Will Impose 100% Tariff on Imported Computer Chips but Spares Companies Investing in the US

Trump Says He Will Impose 100% Tariff on Imported Computer Chips but Spares Companies Investing in the US

President Donald Trump has announced plans to impose a 100% tariff on computer chips, potentially leading to increased costs for electronics, automobiles, home appliances, and other essential products that rely on these processors in today’s digital world. “We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the Oval Office…

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Toyota braces for 1.4 trillion yen hit from US tariff turmoil

Toyota braces for 1.4 trillion yen hit from US tariff turmoil

[TOKYO]Toyota Motor lowered its annual guidance as it warned of a 1.4 trillion yen (S$12 billion) hit to its bottomline from US tariffs that have rattled the global automotive industry. The world’s biggest carmaker now sees 3.2 trillion yen in operating income for the fiscal year ending in March 2026, it said on Thursday…

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Kelly Clarkson Cancels Las Vegas Shows Due to Family Emergency; Shares Emotional Update with Fans

Kelly Clarkson Cancels Las Vegas Shows Due to Family Emergency; Shares Emotional Update with Fans

Kelly Clarkson shared heartbreaking news with her fans on Wednesday (August 6) after abruptly cancelling her remaining Las Vegas residency shows in August. She postponed her upcoming concerts due to a family emergency, according to a social media post shared by her on X (formerly Twitter). The unexpected change comes after the Grammy winner previously…

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Gaza aid distribution declared ‘orchestrated killing’ by MSF

Gaza aid distribution declared ‘orchestrated killing’ by MSF

Doctors Without Borders, better known by its French-language acronym MSF, has called for the immediate end to Israel’s militarised food distribution scheme in Gaza, which it described as “institutionalised starvation and dehumanisation”. In a grim report released on Thursday, titled “This is not aid. This is orchestrated killing”, the medical nonprofit said that it operates…

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Siemens revenue climbs on robust demand for rail products

Siemens revenue climbs on robust demand for rail products

To improve profitability, the company is pivoting towards software-driven product lines in all its units Published Thu, Aug 7, 2025 · 02:07 PM [FRANKFURT] Siemens’s revenue and orders rose in its fiscal third quarter after robust demand for the German industrial manufacturer’s rail products offset a sharp decline at the software business. Comparable revenue for…

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