Leadership
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...
First Resources posts 86.6% higher Q1 profit of US$36.1 million
FIRST Resources’ net profit grew 86.6 per cent to US$36.1 million for the first quarter ended March 2024, from US$19.3 million a year prior. On Wednesday (May 15), the...
TSMC says ASML’s most advanced chip machines are too expensive
ASML Holding’s new advanced chip machines have a daunting price tag, according to Taiwan Semiconductor Manufacturing Company (TSMC), one of the Dutch company’s biggest clients.“The cost is very high,”...
Converse to cut jobs as part of Nike’s cost-savings plan
FOOTWEAR brand Converse will cut jobs as part of parent company Nike’s ongoing US$2 billion cost savings plan, a source familiar with the matter said on Tuesday (May 14).Nike...
US cites threat of Chinese EVs made in Mexico as trade concern
THE Biden administration is watching for any attempts by Chinese companies to export cars from Mexico into the US, and considering ways to block them if they seek to...
US: Wall St nearly flat at open after hot inflation data
Wall Street’s main indexes were little changed on Tuesday (May 14) as investors assessed stronger-than-expected producer prices data and awaited Federal Reserve Chair Jerome Powell’s speech later in the...
Jack Ma-backed Ant’s profit fell 19% as regulations curb growth
ANT Group’s quarterly earnings fell 19 per cent as the Chinese fintech pioneer founded by Jack Ma struggles to find new drivers of growth following regulatory clampdowns at home.
The...
