Posts by Stephanie Irvin
StanChart profit beats as lender weighs impact of tariff war
Published Fri, May 2, 2025 · 01:02 PM STANDARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war. Adjusted pretax profit for the quarter through March hit US$2.28 billion, largely driven by the bank’s financial markets and wealth units, which exceeded the US$2.15 billion consensus…
Read MoreAsia: Stocks gain after China teases US tariff talks
[HONG KONG] Asian markets largely rose on Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs. US markets forged higher on Thursday following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries. Apple reported first-quarter profit above expectations but warned that…
Read MoreCapitaLand Investment sinks 8% after Q1 revenue falls 24%; counter goes ex-dividend
The company attributes the revenue decline to the deconsolidation of CapitaLand Ascott Trust in December [SINGAPORE] CapitaLand Investment’s (CLI) shares plunged more than 8 per cent on Friday (May 2) morning, after the company posted a 24 per cent decline in year-on-year revenue in Q1 2025. Trading in the company also went ex-dividend today. Shares…
Read MoreLured by Thailand perks, China’s EV makers face reality check
IT’S HARD to miss the aggressiveness of Chinese automakers in the Thai market on the drive from Suvarnabhumi Airport into Bangkok: huge billboards featuring BYD, Changan Auto, GAC, Great Wall Motor, SAIC MG and many other Chinese brands line the highways and roads. And on the streets of the capital, Chinese car dealerships are often…
Read MoreLured by Thailand perks, China’s EV makers face reality check
IT’S HARD to miss the aggressiveness of Chinese automakers in the Thai market on the drive from Suvarnabhumi Airport into Bangkok: huge billboards featuring BYD, Changan Auto, GAC, Great Wall Motor, SAIC MG and many other Chinese brands line the highways and roads. And on the streets of the capital, Chinese car dealerships are often…
Read MoreUS 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 cooperation and trade between South-east Asia countries, as well as China. “Tariffs will likely not have a short-term impact but a medium- to long-term one,”…
Read MoreAmazon cloud revenue, income forecast disappoint, shares slide
AMAZON.COM on Thursday reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors. Shares of the company fell as much as 5 per cent in after-hours trading before moderating. Amazon Web Services, the company’s cloud unit, recorded a 16.9 per cent increase in quarterly revenue, to US$29.27 billion, missing expectations of 17.4…
Read MoreRyanair 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 look at alternative suppliers, including Chinese planemaker Comac. The threat by Europe’s largest low-cost carrier and one of Boeing’s biggest customers was the latest sign of…
Read MoreUS: Wall Street leaps at the open on Microsoft, Meta boost
Published Thu, May 1, 2025 · 09:52 PM [NEW YORK] Wall Street’s main indexes jumped at the open on Thursday, powered by shares of Meta and Microsoft, as their strong quarterly results pointed to a resilient outlook for the technology sector. The Dow Jones Industrial Average rose 248.7 points, or 0.61 per cent, at the…
Read MoreGM 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 far from President Donald Trump’s trade war. The automaker now expects earnings before interest and taxes to fall into a range of US$10 billion to US$12.5…
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