LATEST
China’s BYD shows effects of price war with weaker first-quarter earnings
CHINESE electric vehicle (EV) maker BYD posted its weakest quarterly profit growth since 2022 on Monday (Apr 29) while its revenue growth...
Red Cross finances ‘stabilised’, new chief says
THE International Committee of the Red Cross (ICRC) has stabilised its finances after drastic crisis cuts, its new director said in comments...
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...
China’s Xi to visit France, Serbia and Hungary, aims to boost EU ties
CHINESE President Xi Jinping will visit France, Serbia and Hungary from May 5 to May 10, his first Europe trip in five...
Japan’s yen jumps against the dollar on suspected intervention
THE yen jumped suddenly against the dollar on Monday (Apr 29), with traders citing yen-buying intervention by Japanese authorities to try to...
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Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow
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ASIA-PACIFIC
Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut
SIX spot bitcoin and Ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday (Apr 30) with the three...
IMF boosts Asia growth forecast this year on China, India
THE International Monetary Fund (IMF) boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest...
Barclays says it’s winning Asia banking business from US firms
BARCLAYS said it’s gaining market share in Asia from some US rivals after it hired almost a dozen senior sales and trading...
Morgan Stanley Asia private equity unit to reorganise as CEO retires
MORGAN Stanley Private Equity Asia (PEA) is reorganising its teams in the region as its current chief executive of Asia Chou Chin...