Technology
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to...
Goldman Sachs combines Asia investment banking units, names Drayton APAC head
Published Thu, May 22, 2025 · 01:23 PM[HONG KONG] Goldman Sachs is bringing together previously separately-managed three Asian investment banking businesses into one unit to integrate its regional deals advice and...
JPMorgan sees broad-based recovery, more interest in China
[HONG KONG] JPMorgan Chase is seeing a broad-based recovery in China and growing interest from foreign investors seeking to diversify, as the global tariff regime drives portfolio shifts and...
Private credit funds target billions in retail demand from Asia
[SINGAPORE] From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last untapped pocket: retail investors.Private...
Ringgit may gain most in South-east Asia on exporter conversion
[HONG KONG] Malaysia’s ringgit stands to gain the most among its South-east Asian peers if the nation’s exporters convert their overseas earnings to the local currency, thanks to the...
As Rolex shrinks retail near new New York City flagship, Patek Philippe expands
[NEW YORK] After 45 years, Rolexes will no longer be sold at Wempe, the tony watch and jewellery dealer at 700 Fifth Ave, one of retail’s most prestigious addresses.The...
Consumer groups want airlines to pay for baggage fees ‘distress’
[PARIS] Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees.The European Consumer Organisation, BEUC, which has...
US to keep China chip curbs, spurning Nvidia’s call for relief
[WASHINGTON] The Trump administration will maintain efforts to keep advanced artificial intelligence (AI) technology out of China’s hands, a top White House official said, brushing off calls from Nvidia...
