Leadership
Yen surges against US dollar on suspected intervention
JAPAN’S currency surged as much as five yen against the US dollar on Monday (Apr 29), with traders citing heavy yen-buying intervention by Japanese banks for the first time...
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
HIGH interest costs and weak regional currencies weighed on Mapletree Logistics Trust’s : M44U 0% performance for Q4 ended Mar 31, with distributions per unit (DPU) falling 2.5 per...
Abu Dhabi sovereign wealth fund plans debut dollar bond sale
Abu Dhabi’s sovereign wealth fund ADQ is set to follow the emirate’s government into the debt market with its first dollar bond.ADQ, which is wholly owned by the government...
Singapore stocks start week in the black ahead of US Fed meeting; STI up 0.1%
SINGAPORE stocks started the week in the black on Monday (Apr 29), tracking a broader gain across regional markets as investors anticipated a US Federal Reserve meeting later this...
Singapore stocks start week in the black ahead of Fed meeting; STI up 0.1%
SINGAPORE stocks started the week in the black on Monday (Apr 29), tracking a broader gain across regional markets as investors await a US Federal Reserve meeting later this...
China’s mega banks post rare profit drops on margin squeeze
INDUSTRIAL & Commercial Bank of China (ICBC), the nation’s largest lender, reported its first decline in quarterly profit in more than a year as margins continue to contract. Net...
Money launderer Su Baolin sentenced to 14 months’ jail
SU BAOLIN, one of the 10 foreign nationals involved with the more-than-S$3 billion money laundering case, was on Monday (Apr 29) sentenced to 14 months’ jail. Su faced 13...
Philips pays US$1.1 billion in US settlement over ventilator recall
DUTCH medical devices maker Philips said on Monday (Apr 29) it had agreed to pay US$1.1 billion in a settlement of personal injury cases in the United States related...
