Leadership
Burberry’s profit slumps 34% as luxury demand slows
Britain’s Burberry reported a 34 per cent drop in annual operating profit on Wednesday (May 15) after it faced the challenge of repositioning its brand to take it more...
Top shipbuilder expands Asia business with Philippines deal
SOUTH Korea’s HD Hyundai Heavy Industries will set up operations in a former US naval base in the Philippines, an investment that may usher in the return of shipbuilding...
Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch
CHINESE smartphone maker Xiaomi has become the country’s eighth-largest electric vehicle (EV) upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according...
China’s central bank leaves key policy rate unchanged
CHINA’S central bank extended a key policy loan at the same borrowing cost, signalling an intention to aid a nascent economic recovery without adding pressure on the yuan.The People’s...
Seatrium, CDL, Jardine C&C mauled after being booted out of MSCI Singapore index
MARKET watchers were divided after the MSCI Equity Indexes’ May 2024 quarterly review on Wednesday (May 15) saw the removal of five heavyweight counters from the MSCI Singapore Index....
Hot stock: Seatrium dives over 10% on heavy trading volumes
SHARES of Seatrium : 5E2 0% plunged on Wednesday (May 15) morning amid brisk trading activity that drove volumes above the daily average of 30 million. As at 10.13...
Singapore stocks fall at Wednesday’s open; STI down 0.4%
SINGAPORE shares dipped on Wednesday (May 15) morning, dragged mainly by index counter declines after a global rally overnight.As at 9.01 am, the Straits Times Index (STI) shed 11.78...
Stocks to watch: Golden Agri, First Resources, Singtel, UOL, StarHub, Frencken
THE following companies saw new developments that may affect trading of their securities on Wednesday (May 15):Golden Agri-Resources : E5H 0%: The palm oil company reported on Wednesday a...
