Lifestyle
Tariff-fuelled volatility killing private equity optimism as deal flows squeezed
[SINGAPORE] In just three months, private equity markets’ initial optimism for a busier year has largely dissipated. Instead, the turmoil unleashed on global financial markets by President Donald Trump’s...
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
[PARIS] France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it posted first-quarter sales...
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investorsPublished Thu, Apr 17, 2025 · 01:12 PM[MUMBAI] IDFC First Bank has approved a plan to raise 75...
ECB to cut rates again to help economy overcome trade turmoil
[FRANKFURT] The European Central Bank (ECB) is expected to cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already...
Bank of Korea holds rate steady after inflation sped up and won wobbled
[SEOUL] The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and the won weakened to a 16-year low...
Malaysia Airlines parent reports lower profit in 2024
[KUALA LUMPUR] Malaysia Airlines’ parent company Malaysia Aviation Group (MAG) reported a second consecutive annual profit in 2024, but it fell 93 per cent from the previous year due...
EV maker Xpeng charts steady global expansion despite tariff war
[HONG KONG] Chinese electric vehicle (EV) maker Xpeng is ramping up its global expansion, despite the intensifying trade war between Washington and Beijing, and the European Union’s punitive tariffs...
PGIM to invest US$2 billion in Asia property, unfazed by tariffs
[TOKYO] PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific region this year even as Donald Trump’s trade...
