Shares rally on Nvidia earnings, Samsung strike suspension
SINGAPORE: Stocks rose on Thursday (May 21) as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.MSCI's broadest index of Asia-Pacific shares outside Japan c ...
US Fed minutes show more policymakers open to a rate hike
Kevin Warsh will convene his first Fed meeting on Jun 16 to 17 with no prospect seen for a change in rates,...
Global funds pile back into Chinese stocks in April
The inflows come amid a broader tech rally, as investors focused on AI-driven productivity gains
Deep under China’s coal basins, PetroChina is unlocking gas from rocks
The push to develop coal rock gas is part of Beijing’s widening effort to diversify its energy mix and reduce reliance on...
Gold steadies as hopes of US-Iran truce ease rate-hike bets
Bullion is down about 14% since the war began in late February
ASL Marine’s 9MFY2026 net profit surge 176% y-o-y to $25.4 mil
Teo Zheng Long - ASL Marine Holdings Limited (ASL Marine) (SGX: A04 ) has reported a significantly higher net profit of $25.4 million for 9MFY2026 ended Mar 31, 2026. Revenue for 9MFY2026 increased by 2% y-o-y to $271.1 million, mainly due to higher revenue contribution from ship repair, conversion and engineering s ...
Elon Musk's X loses Australia child protection compliance lawsuit
SYDNEY, May 21 : An Australian court upheld a regulator's fine against Elon Musk's social media company X Corp after it admitted violating the law by failing to supply information about its online child protection measures, ending a nearly three-year dispute.After the eSafety regulator, a ...
Freeport Indonesia says wet ore slowing Grasberg recovery, near full run-rate in 2027
JAKARTA, May 20 : The recovery of PT Freeport Indonesia's Grasberg gold and copper mine is taking longer than expected, but operations should approach full capacity by the end of 2027, its chief executive told Reuters on Wednesday.The timeline for the complex - the world's second-largest c ...
Dollar rally pauses on Iran deal hopes; yen edges back from intervention zone
TOKYO, May 21 : The U.S. dollar hovered below a six-week peak on Thursday after pulling back on rising hopes that Washington is nearing a deal with Tehran to end the war in the Middle East.U.S. President Donald Trump said negotiations were in the final stages, while also warning of further attacks i ...
SpaceX IPO filing lays bare losses and Musk control as it stakes future on AI
May 20 : SpaceX took the wraps off its IPO filing on Wednesday, laying bare for investors just how much Elon Musk is losing on artificial intelligence while betting the company's future on transforming the rocket maker into an AI powerhouse.Much of its outlook relies on SpaceX dominating techno ...
Japan's factory activity expands at slower pace, cost pressures surge
TOKYO, May 21 : Japan's manufacturing activity slowed slightly in May, while service sector growth ground to a halt for the first time in over a year, as surging costs linked to the Middle East conflict weighed on confidence, a business survey showed on Thursday.• The S&P Global flash Jap ...
SpaceX IPO filing reveals US$4.28 billion loss, Elon Musk’s tight grip
The company chose Nasdaq to make its debut under the symbol SPCX, according to a filing on Wednesday with the US SEC
Elon Musk’s tight grip, heavy losses: What SpaceX’s potentially largest-ever IPO filing reveals
The company chose Nasdaq to make its debut under the symbol SPCX, according to a filing on Wednesday with the US SEC
Stocks to watch: Singtel, CDL
Shikhar Gupta - The following companies saw new developments that may affect trading of their securities on Thursday (May 21):
Airbnb’s CEO says US ‘misunderstanding’ use of Chinese open-source AI models
Low-cost AI models from China that can perform almost as well as costlier offerings from premier US labs
Singtel H2 net profit down 20.9% at S$2.2 billion
Therese Soh - For the six months, the group’s underlying net profit rises 10.6% for H2
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Therese Soh - For the six months, underlying net profit up 10.6%; proposes final dividend of S$0.103 per share, including a value realisation dividend of...
Singtel logs 12% rise in annual earnings helped by regional associates
Singapore Telecommunications (Singtel) reported a 12 per cent rise in annual underlying profit on Thursday (May 21), driven by strong contributions from India's Bharti Airtel and other regional associates.Post-tax profit contributions from regional associates, including Airtel, Thailand's ...
Anthropic nears first quarterly profit, agrees to pay SpaceX $1.25 billion monthly for computing power
SAN FRANCISCO, May 20 : Anthropic is closing in on its first quarterly operating profit, a person familiar with the matter told Reuters, as its sales eclipse the enormous costs to develop and deploy artificial intelligence.In recent fundraising materials, the San Francisco-based startup apprised inv ...
Samsung reaches 11th-hour deal with union to avoid a potentially crippling strike
Under the proposal, a new profit-based performance bonus will reward semiconductor division workers
Japan exports rise 14.8% year/year in April
TOKYO, May 21 : Japanese exports rose 14.8 per cent year-on-year in April, up for an eighth straight month, data from the Ministry of Finance showed on Thursday.The result compared with a 9.3 per cent increase expected by economists in a Reuters poll.Imports grew 9.7 per cent in April from a year ea ...
Singtel FY2026 earnings up 40% y-o-y, 'open to' minority partner for Optus
The Edge Singapore - Singtel has reported earnings of $5.61 billion, up 40% y-o-y, thanks to to exceptional gains of $2.84 billion and also operating improvements. Underlying net profit, which excludes one-offs, was up 12% to $2.77 billion, driven mainly by regional associates Airtel and AIS and operating companies NCS, ...
Nvidia bets on new data center chips for growth as sales outlook tops estimates
May 20 : Nvidia CEO Jensen Huang on Wednesday aimed to assure investors that the world's most valuable company can keep up its blockbuster growth with the help of a broad base of customers and that new products will help it beat the $1 trillion in sales it has forecast for its flagship AI chips ...
Nvidia’s profit hits US$58.3 billion as AI boom gathers more steam
The chipmaker’s biggest problem appears to be meeting demand from its spendthrift tech industry customers
SpaceX IPO filing brings Musk's interplanetary ambitions to Wall Street
May 20 : As Elon Musk's SpaceX races toward what could be the largest IPO in history, its filing delivers a rare mix of hard financial data and bold ambitions of exploring the frontiers of space.The filing's references to lunar missions and Mars settlement echo the popular space-age futuri ...
Singapore shipping veteran Teo Siong Seng and other container firm execs accused of price fixing in US
The prices of standard shipping containers are said to have roughly doubled between 2019 and 2021, notes the US Department of Justice
Container firm execs, including shipping veteran Teo Siong Seng, accused of price fixing in US
The prices of standard shipping containers are said to have roughly doubled between 2019 and 2021, notes the US Department of Justice
Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing
The prices of standard shipping containers are said to have roughly doubled between 2019 and 2021, notes the US Department of Justice
Musk eyes Wall Street record with SpaceX IPO
NEW YORK: Elon Musk's SpaceX rocketed toward Wall Street on Wednesday (May 20), filing plans for what could become the largest initial public offering in history as the company reportedly seeks to raise up to US$75 billion on the public markets.If successful, the listing of the rocket and satel ...
TikTok, YouTube lag on UK child safety as rivals act, regulator says
LONDON, May 21 : TikTok and Alphabet's YouTube have failed to set out meaningful steps to protect British children from harmful online content, media regulator Ofcom said on Thursday, citing data showing widespread exposure on their platforms. Ofcom said neither company had made significant new ...
Why Singapore overtook Indonesia to become S-E Asia’s largest stock market – and what happens next
Jermaine Fok - SGX’s market capitalisation climbs to US$644 billion as IDX’s falls to US$618 billion
Hormuz crisis makes Asean’s push for sustainable aviation fuel more urgent
The region’s aviation must break its overdependence on jet fuel
Trump says willing to wait for a few days to get ‘right answer’ on Iran peace deal
Talks to end the war have shown little progress, while soaring petrol prices have weighed on the president’s approval ratings
Trump to sign order on AI oversight as security fears mount among supporters
WASHINGTON, May 20 : U.S. President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic's ...
