Traders place $760 million bet on falling oil ahead of Hormuz announcement
LONDON, April 17 : Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran's foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world's most traded commodity ahead of major announcements in the ...
Japan's Sony, Honda to pursue new opportunities after scrapping Afeela 1 EV, Nikkei reports
April 17 : Sony Group and Honda Motor have decided to pursue other opportunities through the Japanese firms' 50-50 joint venture after canceling the Afeela 1 electric vehicle in March, the Nikkei newspaper reported on Friday.Sony Honda Mobility, the joint venture between Japanese electronics gi ...
AI-Reit trustee disputes resolution to access records related to internalisation
Chong Xin Wei - If passed, the trustee will consider all available options, including applying to the Singapore Court for directions
Reactions of industry and leaders to Iran saying Hormuz is open
LONDON, April 17 : Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon.Here are some quotes from the shipping industry and world leaders on the Iranian decl ...
Clar preferential offering closes with 74.5% valid acceptances; total applications at 244.2%
Chong Xin Wei - The new units will be listed on the Singapore Exchange from 9 am on Apr 23
Analysis:BOJ's hawkish hints keep rate hike on the cards
WASHINGTON, April 17 : Bank of Japan Governor Kazuo Ueda refrained from pre-committing to an April rate increase as the Iran war muddled the outlook, but left a few hawkish signs after this week's IMF meetings, suggesting a hike remains on the cards in June, if not this month.While markets focu ...
Wall St climbs at open after Iran says Strait of Hormuz open
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Apr 17) after Iranian Foreign Minister Abbas Araqchi said the Strait of...
Exclusive-India drops proposal to mandate national ID app Aadhaar on smartphones after pushback
NEW DELHI, April 17 : India's government has decided not to go ahead with a proposal to require Apple, Samsung and others to pre-install the country's biometric identification app Aadhaar on phones, a state body said on Friday, a move that had been opposed by the smartphone giants.Reuters ...
Wall Street stocks flourish, oil dives below $90 after Iran says Strait of Hormuz is open
NEW YORK/LONDON, April 17 : Wall Street stocks followed global indexes higher and the price of oil tumbled more than 11 per cent on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire in the three-week-old war launched by the U.S. and Israe ...
Brent crude tumbles to $90 a barrel, stocks and bonds jump after Iran says Strait of Hormuz is open
LONDON, April 17 : The price of oil tumbled and stocks and government bonds rallied on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire is in force.Abbas Araqchi said in a post on X that passage for all commercial vessels through the Str ...
Wilmar sees limited impact from Middle East conflict, cites indirect cost pressures
Chong Xin Wei - It says the ‘certain indirect impact’ takes the forms of higher freight, insurance and fertiliser costs
Global markets surge as Iran says Strait of Hormuz open during ceasefire
LONDON, April 17 : Stocks and bond prices jumped on Friday, while oil and the dollar fell sharply after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire, in line with the ceasefire in L ...
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
Chong Xin Wei - The deal puts the development among Singapore’s largest residential en bloc sales since 2007
Nassim Road GCB property being sold for S$64.9 million
Ry-Anne Lim - This is the second recorded Good Class Bungalow sale in the area in a month
Nassim Road bungalow changing hands for S$64.9m
Ry-Anne Lim - The buyer is understood to be Shiv Puri, an entrepreneur who started his own fund TVF
CDL Hospitality Trusts flags negative impact from Middle East conflict
Deon Loke - The effect has not been material to date, its managers say
CDL Hospitality Trusts flag negative impact from Middle East conflict
Deon Loke - The impact has not been material to date, the managers say
Siemens plans shareholder vote on Siemens Healthineers stake spin-off in February 2027
April 17 : Siemens said on Friday it planned a shareholder vote on a direct spin-off of Siemens Healthineers shares at its next shareholder meeting in February 2027.The announcement follows substantial progress in both the separation and regulatory clarification processes, it said, with final confir ...
Siemens plans shareholder vote on Siemens Healthineers spin-off in February 2027
April 17 : Siemens said on Friday it planned a shareholder vote on a direct spin-off of Siemens Healthineers shares at its next shareholder meeting in February 2027.The announcement follows substantial progress in both the separation and regulatory clarification processes, it said, with final confir ...
Seatrium says no material impact expected even as customers defer maintenance and repair work amid Mid-East conflict
Chong Xin Wei - It is replenishing its order book with more than S$32 billion in pipeline deals over the next 24 months
Seatrium customers defer maintenance and repair work amid Mid-East conflict; no material impact expected
Chong Xin Wei - It is also replenishing its order book with more than S$32 billion in pipeline deals over the next 24 months across various...
Anthropic talks to EU, including on its cyber security models, Commission says
BRUSSELS, April 17 : U.S.-based artificial intelligence company Anthropic is currently in discussion with the European Commission on its different models, including its cyber security ones, which are not yet available in the EU, the Commission said on Friday. Anthropic has already committed to respe ...
Singapore shares fall on Friday, pending news of US-Iran diplomacy efforts; STI down 0.2%
Benicia Tan - Yangzijiang Shipbuilding leads the gainers on the benchmark index, rising to S$4.09
Chinese regulator fines, confiscates US$527m from food-delivery platforms
They violated food safety regulations
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Derryn Wong - Roy Tan owes the bank S$54.8 million and Sanjay Kumar Rai S$59.8 million
Scientists decipher the geological history of the Grand Canyon
April 17 : The Grand Canyon is a marvel on the landscape of North America, a breathtaking geological feature in the southwestern U.S. state of Arizona presenting dramatic contours and richly colored vistas.Research is now providing insight into how and when the Colorado River, whose continuous might ...
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
Renald Yeo - The lender also flags minimal private credit exposure, and says its balance sheet can absorb Middle East shocks
French train maker Alstom hit by delivery delays
The company's financial warnings also rattled investors, with shares dropping nearly 30 per cent on the Paris stock exchange.
French finance minister calls for more euro-pegged stablecoins
PARIS, April 17 : Europe needs more euro-based stablecoins, French Finance Minister Roland Lescure said on Friday, and urged the bloc's banks to explore tokenised deposits to help end U.S. dominance in digital payments. In pre-recorded comments at a crypto conference in Paris, Lescure said the ...
French finance minister calls for euro-based stablecoins
PARIS, April 17 : French Finance Minister Roland Lescure on Friday said Europe needed more euro-based stablecoins and encouraged the bloc's banks to explore tokenised deposits. In pre-recorded comments at a crypto conference in Paris, Lescure said the relatively small volume of euro-pegged stab ...
Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO
Ranamita Chakraborty - Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots
EU Commission awards 180 million euro cloud contract to four European providers
April 17 : The European Commission on Friday awarded a 180 million euro ($212 million) tender for sovereign cloud services to four European providers for a six-year period, as part of a push to reduce the bloc's dependence on non-European technology.The contract was awarded to Luxembourg's ...
India smartphone shipments fall to 6-year low in Q1 amid price hikes, Counterpoint Research says
April 17 : India's smartphone shipments fell 3 per cent year-on-year in the first quarter of 2026, marking their weakest quarterly performance in six years as cost pressures, price hikes and soft demand weighed on sales, Counterpoint Research said on Friday.• Over 80 smartphone models saw ave ...
Will the Philippines hit the brakes on a deregulated oil industry amid fuel pain?
With domestic pump prices continuing to rise, calls for state intervention are growing
