US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
US stocks ended lower on Tuesday (Apr 30) as markets weighed economic data showing rising labor costs and deteriorating consumer confidence on the day of [more]
Proposed rules on shareholder-requisitioned meetings can reduce uncertainty
THE Singapore Exchange Regulation (SGX RegCo) proposed new rules last week that would require listed issuers to facilitate shareholder-requisitioned meetings so that such meetings take [more]
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
CARNIVAL’S Princess banner is revising itineraries of two of its cruises undertaking a global voyage next year, amid uncertainties in the Red Sea, the cruise [more]
Canada’s economic growth misses estimates, boosting chances of rate cut
Canada’s economy likely weakened in the first quarter, data from Statistics Canada showed on Tuesday (Apr 30), bolstering expectations that the Canadian central bank would [more]
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
ALPHABET-owned Google has agreed to pay News Corp, owner of the Wall Street Journal, between US$5 million and US$6 million annually to develop new AI-related [more]
Abu Dhabi wealth fund ADQ attracts strong demand for 2-part bond issue
ABU Dhabi sovereign wealth fund ADQ attracted strong appetite for its inaugural dollar-denominated bond sale, to be sold in two tranches, allowing it to tighten [more]
Restaurant Brands tops estimates as Burger King overhaul pays off
RESTAURANT Brands International beat Wall Street expectations for quarterly results on Tuesday (Apr 30), driven by a revival in demand at its Burger King outlets [more]
Yen falls after suspected intervention on Monday; eyes on Fed
The yen dropped against the US dollar on Tuesday (Apr 30), giving up some of its sharp gains the previous day sparked by suspected intervention [more]
US: Wall St opens lower on labour costs data
Wall Street’s main indexes opened lower on Tuesday (Apr 30) after stronger-than-expected labour costs signalled persistent inflationary pressures, while caution prevailed ahead of the Federal [more]
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch
TikTok reported that more than 500,000 merchants were selling to US users on its app at the end of 2023, more than double the number [more]
Parkway Life Reit Q1 DPU up 4% to S$0.0379
PARKWAY Life Reit : C2PU 0% posted a distribution per unit (DPU) of S$0.0379 for the first quarter of 2024, up 4 per cent from S$0.0365 [more]
Record gold prices boost recycling: WGC
RECORD gold prices have sent recycling of the precious metal to the highest level in more than three years, as consumers cash in on jewellery, [more]
DBS can resume non-essential activities, but 1.8 times multiplier on its assets stays
A TEMPORARY restriction on DBS Bank from undertaking non-essential activities is over. This comes after the Monetary Authority of Singapore (MAS) on Tuesday (Apr 30) [more]
Daily Debrief: What Happened Today (Apr 30)
Stories you might have missedSingapore’s employment growth eases in Q1, as tighter foreign worker quotas kick in for construction firmsSINGAPORE’S employment levels expanded in the [more]
Dying salmon trouble Norway’s vast fish-farm industry
THEY are hailed for their omega-3 fatty acids and micronutrients, but Norway’s salmon are not in the best of health themselves at the fish farms [more]
Singapore stocks rise, tracking regional bourses; STI up 0.3%
SINGAPORE stocks closed higher on Tuesday (Apr 30), tracking a broader gain across regional markets.The Straits Times Index (STI) climbed 0.3 per cent or 10.64 [more]
More than 800 Hyundai, Kia EVs in Singapore to undergo recall for electronics fault
KOREAN carmakers Hyundai and Kia have issued a recall for three models of electric vehicles (EVs) in Singapore for potential faults in the vehicles’ charging [more]
Boosted by name brand beers, Carlsberg sees higher sales
Danish brewer Carlsberg on Tuesday (Apr 30) reported a 4.4 per cent increase in revenue in the first quarter, boosted by higher sales of name [more]
JPMorgan promotes about 150 in Asia, EMEA to managing director
JPMORGAN Chase has appointed 48 executives across Asia and more than 100 in Europe, the Middle East and Africa to managing director positions as part [more]
Brokers’ take: Analysts upgrade iFast’s rating on higher growth expectations
ANALYSTS have upgraded their ratings on iFast Corporation : AIY 0% as they project the financial services company to deliver stronger growth in the fiscal [more]
Lufthansa, Air France-KLM to cut costs after tough first quarter
Two of Europe’s top airline groups, Lufthansa and Air France-KLM, announced plans to cut costs after reporting wider first-quarter losses on Tuesday (Apr 30) as [more]
Stellantis misses forecasts with 12% revenue drop in Q1, sees stronger H2
STELLANTIS on Tuesday (Apr 30) missed expectations with a 12 per cent drop for its first quarter revenue, sending shares down, but said it was [more]
L’Occitane’s billionaire owner Geiger to take firm private in US$1.8 billion deal
Hong Kong-listed L’Occitane International’s chairman and controlling shareholder, Reinold Geiger, will take the skin-care firm private, giving it an equity value of US$6.4 billion, the [more]
Australian budget airline Bonza collapses, passengers stranded
AUSTRALIAN budget airline Bonza entered voluntary administration on Tuesday (Apr 30), regulatory filings showed, as the company suspended all flights, stranding passengers amid reports its [more]