18 minutes ago
Singapore marine fuel sales rise in June after 2-month decline
Tay Peck Gek - Sales of bunker or marine fuel were about 4.7 million tonnes last month, MPA data shows
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
46 minutes ago
Bloomberg suit: Shanmugam, Tan See Leng each awarded $230,000 in damages
A 2023 article has been found to be defamatory of both ministers
54 minutes ago
Ericsson Q2 profit tops expectations, warns on AI costs
Ericsson reported operating profit of 6.52 billion Swedish crowns (US$671.70 million) for the second quarter
1 hour ago
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
The entrepreneur’s US$36 billion fortune makes him China’s eighth-richest person
2 hours ago
Subaru to recall over 541,000 US vehicles over incorrect label
July 14 : Subaru is recalling 541,237 vehicles in the U.S. because they were manufactured with an incorrect Gross Axle Weight Rating (GAWR) on the certification label, the U.S. National Highway Traffic Safety Administration said on Tuesday.
2 hours ago
Samsung explores potential US listing via ADRs, Bloomberg News reports
July 14 : Samsung Electronics Co. is in the early stages of exploring a potential offering of American Depositary Receipts (ADRs), Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. Samsung declined to comment.Samsung has held
2 hours ago
Global investors turn most bullish since February, BofA survey shows
MILAN, July 14 : Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on the economic outlook, artificial intelligence-linked spending and the prospect of a dovish Federal Reserve, Bank of America's latest Global Fund Manager Su ...
2 hours ago
Google probed by Swiss regulator over Android default search feature
ZURICH, July 14 : Switzerland's Competition Commission (COMCO) has launched a preliminary investigation into Google's removal of a feature that allows mobile phone users to opt out of using its search engine as default, the authority said on Tuesday.The "Choice Screen" feature al ...
2 hours ago
UBS lowers cost of equity and raises price targets for the local banks
The Edge Singapore - Analysts and market watchers are struggling to explain the local banks’ rally during Jul 6-10, and their continued rally this week. A report by UBS, dated July 13, attempts to explain why the banks are behaving as they are. “We struggle to identify a near-term catalyst for a correction, but equa ...
3 hours ago
DBS initiates coverage on JustCo with ‘Buy’, S$1.06 target price
Shikhar Gupta - DBS says the regional co-working player is at an inflection point as demand for hybrid working rises
3 hours ago
India's LTM expects AI revenue to outpace traditional services, CEO says
BENGALURU, July 14 : Indian software services firm LTM expects AI revenue to outpace its traditional services business, CEO Venu Lambu told Reuters, betting that enterprises will need IT companies to deploy powerful large language models from firms such as Anthropic and OpenAI.Investor worries that ...
3 hours ago
Singapore’s ESG loan proceeds fall 41.2% in 2025: MAS
Janice Lim - Nonethless, the Republic continues to be Asean’s largest market for labelled debt issuance
3 hours ago
MAS listing grant backs 85 SGX debuts since 2019 as Singapore steps up equity market revival
Ranamita Chakraborty - The grant under Grant for Equity Market Singapore scheme helps improve economics of listing: market participants
3 hours ago
South Korean court suspends FTC designation Coupang founder Kim Bom as controlling entity
SEOUL, July 14 : A South Korean court on Tuesday suspended a Fair Trade Commission (FTC) decision to designate Kim Bom, the founder of U.S.-listed e-commerce firm Coupang, as the group's controlling entity. The Seoul High Court granted an injunction sought by Coupang and Kim, suspending the des ...
4 hours ago
SoftBank's Son says AI will need $5 trillion per year by 2040, dismisses bubble talk
TOKYO, July 14 : The development of AI will require investment of $5 trillion each year by 2040, and any talk of a bubble forming around the technology is "absurd", SoftBank Group CEO Masayoshi Son said on Tuesday.Over the past two years, the technology investment group has embarked on an ...
4 hours ago
Nvidia halves Asia buyer list in China chip crackdown, steps up due diligence: report
The chipmaker has intensified due diligence in Singapore, Malaysia and Japan
5 hours ago
Distribution to paid-in capital a key metric for general partners as they lag in tech, risk-preparedness: MSCI
Benjamin Cher - Asia-Pacific general partners are pursuing fund recapitalisation at higher rates
5 hours ago
Distribution to paid-in capital a key metric for general partners as demand for tangible outcomes rises: MSCI
Benjamin Cher - Survey also finds that many in the sector feel they are lagging in tech, risk-preparedness
5 hours ago
Indonesia chases Asian digital payments clout with China, India QR links
Elisa Valenta - The planned India tie-up, with the China link, could lift tourist spending and boost the rupiah
5 hours ago
Overseas internships may open doors, but they are no golden ticket in tough graduate job market
Meera Pathmanathan - The appeal lies partly in their ability to make a resume more memorable and potentially secure an interview
6 hours ago
SK Hynix set to benefit as South Korea's ruling party seeks to ease capital-raising rules
SEOUL, July 14 : South Korea's ruling party is seeking to make it easier for chipmaker SK Hynix to set up ventures to build factories with outside investors — a move that follows a government push to position the country as an AI powerhouse.Members of President Lee Jae Myung's Democratic ...
6 hours ago
Trump’s 20% Hormuz toll implies US$30 million fee per supertanker
In contrast, Iran has charged up to US$2 million per voyage on an adhoc basis, according to people familiar with the matter
6 hours ago
China's June trade tops forecasts buoyed by AI boom
BEIJING: China's exports surged in June, buoyed by demand for chips and data centre computing power to fuel the global AI boom, giving policymakers grappling with how to boost domestic demand in the world's second-largest economy a much-needed buffer.The stronger-than-expected trade perfor ...
6 hours ago
RHB sees DBS as ‘core holding’ for investors despite premium valuation, ups TP to $75.70
Felicia Tan - The Singapore research team at RHB Bank Singapore sees further upside to DBS Group Holdings’ share price as it expects to see “resiliency” for the bank’s upcoming 2QFY2026 results. The bank is slated to announce its results for the quarter and six months ended June on Aug 6. For the quarter, ...
6 hours ago
Australia finds serious gaps in Big Tech response to online child sexual abuse
SYDNEY, July 14 : Big Tech companies, including Apple, Meta and Google, have "significant gaps" in tackling child sexual abuse and the growing threat of online sexual extortion, Australia's internet regulator said on Tuesday.Online platforms are failing to use available technologies t ...
7 hours ago
JPMorgan expects industry to manage AI spend with more ‘discipline’ as it eyes more S’pore tech talent
Shikhar Gupta - The bank is hiring engineers and data architects to build out its proprietary AI capabilities
7 hours ago
JPMorgan to rein in AI spend as it hires more Singapore tech talent
Shikhar Gupta - The bank is hiring engineers and data architects to build out its proprietary AI capabilities
7 hours ago
JPMorgan expects industry to manage AI spend with more ‘discipline’ as it eyes Singpore tech talent
Shikhar Gupta - The bank is building out its proprietary AI capabilities
7 hours ago
Keppel, Sembcorp, SIA down as STI dips 1% after US resumes Iran shipping blockade
Shikhar Gupta - US-Iran hostilities have resumed, with Trump outlining a new 20% Hormuz toll
7 hours ago
Asian stocks decline as South Korea’s Kospi drops 2.7% amid AI stock rout
MSCI’s gauge for Asia Pacific shares falls 0.6%
7 hours ago
Asian stocks fall as South Korea, Taiwan stocks lead declines
MSCI’s broadest index of Asia-Pacific shares outside Japan falls 1.7%
8 hours ago
Gold holds decline on renewed Hormuz blockade and hawkish US Fed
Trump demanded a 20% reimbursement on cargoes transiting Hormuz after US forces reinstated a naval blockade on Iranian shipping
8 hours ago
Gold recovers from two-week low ahead of US inflation
Spot gold climbs 0.8% to US$4,031.43 per ounce by 0611 GMT, recovering from its lowest level since Jul 1
8 hours ago
Japan's Katayama says may consider pension asset allocation tweak if environment changes
TOKYO, July 14 : Japan may consider adjusting its state pension fund's asset allocation if the environment surrounding asset management changes sharply, Finance Minister Satsuki Katayama said on Tuesday."The change in environment would include an enhanced appeal of Japanese assets as the g ...