Leadership
Volvo Cars cuts full-year forecast citing tariffs, Q2 Ebit beats estimates
VOLVO Cars beat second-quarter operating earnings estimates on Thursday (Jul 18) but lowered its full-year retail sales forecast citing the impact of European tariffs on Chinese-made EVs that could...
Wealth inflows continue strong growth; MAS aims to cut processing time for tax perks
SINGAPORE continues to see strong growth momentum for wealth inflows, even as financial institutions stepped up onboarding processes in the wake of the S$3 billion money laundering case uncovered...
Nokia Q2 profit falls 32% on weak demand for telecom gear
FINNISH telecom equipment maker Nokia said on Thursday (Jul 18) that its operating profit fell 32 per cent in the second quarter, as demand for 5G telecom equipment remained...
ECB to hold fire on rates before key data arrive
THE European Central Bank (ECB) will keep interest rates steady on Thursday (Jul 18), preferring to await further proof of progress on inflation before adding to June’s initial cut.The...
Mizuho Bank launches foundation to drive philanthropic efforts
The bank will also support 50 trainees and employees over the next five years under two initiatives managed by the Institute of Banking and FinanceMIZUHO Bank has launched a...
TSMC rides AI demand to raise Q3 revenue forecast
TAIWAN’S TSMC, the world’s largest contract chipmaker, forecast on Thursday (Jul 18) its revenue in the current quarter will increase by as much as 34 per cent, driven by...
ThaiBev proposes share swap involving Frasers Property, F&N shares
The beverage manufacturer wants to divest its property stakes to become a pure-play F&B businessTHAI Beverage (ThaiBev) has proposed a share swap which will result in the beverage manufacturer...
Singapore shares fall at Thursday’s open; STI down 0.6%
SINGAPORE shares opened lower on Thursday (Jul 18), after indices in the US and Europe closed mixed overnight.The Straits Times Index (STI) fell 0.6 per cent or 20.25 points...
Campaigners urge UK government to block Singapore-headquartered Shein’s IPO in London
CAMPAIGNERS urge United Kingdom government to block Singapore-headquartered Shein’s initial public offering (IPO) in LondonA NEW campaign backed by British retail consultant and television personality Mary Portas has launched...
TSMC is set to report a strong profit but Trump comments pummel its stock