5 hours ago
Cathay Pacific to cut flights from mid-May to end-June as jet fuel prices surge
The Hong Kong-based airline will cancel about 2 per cent of its scheduled passenger flights from May 16 to Jun 30, 2026.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Fuel shortages from Iran war threaten Asia’s biggest food staple
The near-closure of the Strait of Hormuz has choked a vital route for fertiliser and fuel deliveries
6 hours ago
Tata Group chair tells workers Air India faces challenging time
The airline’s recovery has been slowed by integration costs after the merger with Vistara
7 hours ago
Hermes sticks with plan to raise output even as war sours mood
The company’s leather-goods plants are all in France and typically employ about 260 artisans
8 hours ago
Japan approves additional 631.5 billion yen for chipmaker Rapidus
The support is part of the government’s efforts to boost domestic production of advanced semiconductors and strengthen chip supply chains
8 hours ago
US likely to extend Russian oil waiver to temper Iran war shock: sources
Oil prices have spiked since the start of the war due to the partial closure of the Strait of Hormuz
8 hours ago
Japan approves additional $4 billion for chipmaker Rapidus
TOKYO, April 11 : Japan's industry ministry said on Saturday it has approved an additional 631.5 billion yen ($3.96 billion) to accelerate research and development at chipmaker Rapidus.The support is part of the government's efforts to boost domestic production of advanced semiconductors a ...
9 hours ago
Tesla’s supervised self-driving software gets Dutch okay, first in Europe
Other carmakers have introduced ‘hands-free’ driving technology on select highways and at limited speeds, mostly in Germany
10 hours ago
China moves to ban sulphuric acid exports as Iran war hits supply
Prices have already surged in Chile, which buys over one million tonnes of Chinese sulphuric acid every year
11 hours ago
Big US banks set to temper bond sales after strong 2026 debut
Sales will occur after the six firms release first-quarter results
11 hours ago
Italy’s UniCredit says no plans to liquidate Russian business
CEO Andrea Orcel has said Italy’s second-largest lender will not damage its shareholders by exiting Russia at a loss
12 hours ago
Keppel has sold off all residual Seatrium shares
The Edge Singapore - Keppel has fully sold its residual Seatrium shares on April 1 at a weighted average of $2.52 each, pocketing some $429 million, the company says on April 11. In addition, Keppel received another $1 million in Seatrium dividends, the company says on April 11, in response to shareholders' questio ...
12 hours ago
OpenAI identifies security issue involving third-party tool, says user data was not accessed
April 10 : OpenAI said on Friday it had identified a security issue involving a third-party developer tool called Axios and is taking steps to protect the process that certifies its macOS applications are legitimate OpenAI apps.The ChatGPT maker said it found no evidence that its user data was acces ...
12 hours ago
US Fed seeks details on US banks’ exposure to private credit firms
A growing chorus of international regulators have been warning about the risks of private credit
13 hours ago
Soup Holdings co-founders in married deal with 15 mil shares changing hands at 6 cents each
The Edge Singapore - Two of the co-founders of Soup Holdings, which operates the chain of Soup Restaurants, have traded a substantial block of shares between themselves. According to SGX filings on April 11, Mok Yip Peng has on April 9 sold just over 15 million shares to his classmate-turned business partner Wong Wei Te ...
14 hours ago
Wall Street strategists wrestle with war’s toll on 2026 outlook
Consumer sentiment has plunged to the lowest on record
14 hours ago
Oil posts biggest weekly loss since 2020 ahead of Iran-US talks
Crude markets have been extremely turbulent since the war began in late February
14 hours ago
WFH: When small savings risk larger costs
Tong Kooi Ong + Asia Analytica - Several countries — including Malaysia, Myanmar, Laos, Indonesia, Egypt and Thailand — have introduced work-from-home (WFH) policies, particularly for public servants. Meanwhile, Pakistan, the Philippines and Sri Lanka have introduced a one-day shorter work week for public officials. In contrast ...
14 hours ago
A framework that may enrich the few, not the many
Tong Kooi Ong + Asia Analytica - A recently implemented, relatively low-profile guideline for property disposals by government-linked companies (GLCs) and government-linked investment companies (GLICs) could, we think, have a broad and likely negative impact on not only the GLCs and GLICs but also for the Bursa Malaysia equity mark ...
15 hours ago
US judge blocks Arizona criminal case against Kalshi at CFTC's request
NEW YORK, April 10 : A federal judge on Friday blocked Arizona from continuing its criminal case against prediction market Kalshi, according to the Commodity Futures Trading Commission, which sued to prevent states from regulating the industry. The CFTC announced the ruling in a press release follow ...
15 hours ago
Wall St ends mixed, notches weekly gains as investors parse Middle East negotiations
On a weekly basis, all three indexes scored their largest Friday-to-Friday percentage gains since November
15 hours ago
Stoxx 600 gains for a third week with focus on Middle East peace talks
Investors will closely monitor the talks, especially efforts to reopen the Strait of Hormuz
16 hours ago
Eric Swider resigns from Trump Media board
April 10 : Trump Media & Technology Group said on Friday that Eric Swider, a key figure in the company's public listing, had resigned from its board. Swider was the CEO of the blank-check acquisition company behind Trump Media's public listing in 2024, guiding it through a delayed merg ...
17 hours ago
IBM to pay $17 million to settle US government probe over DEI
WASHINGTON, April 10 : IBM has agreed to pay $17 million to settle a U.S. government probe over the firm's diversity, equity and inclusion practices, which President Donald Trump's administration has cracked down on during his second term in office. The settlement marks the first resolutio ...
17 hours ago
IBM to pay $17 million to settle discrimination allegations, DOJ says
WASHINGTON, April 10 : U.S. Acting Attorney General Todd Blanche said on Friday that IBM has agreed to pay $17 million to resolve allegations of discrimination through illegal diversity, equity and inclusion practices.
17 hours ago
Tesla's supervised self-driving software gets Dutch okay, first in Europe
AMSTERDAM/SAN FRANCISCO, April 10 : Dutch regulators approved the use of Tesla's driver assistance software which handles most driving tasks on highways and city streets under human supervision, in the first regulatory sign‑off for the technology in Europe.Approval from the Netherlands' ...
17 hours ago
Tesla supervised self-driving software gets Dutch okay, first in Europe
AMSTERDAM/SAN FRANCISCO, April 10 : Tesla on Friday said Dutch regulators had approved the use of its driver assistance software which handles most driving tasks on highways and city streets under human supervision, the first regulatory sign‑off for the technology in Europe.Approval from the Dutch ...
17 hours ago
Tesla's self-driving software gets Dutch go-ahead, in boost for EU ambitions
AMSTERDAM, April 10 : Tesla on Friday said Dutch regulators had approved the use of its driver assistance software which handles most driving tasks on highways and city streets under human supervision, marking the first regulatory sign‑off for the technology in Europe.Approval from the Dutch vehic ...
18 hours ago
Vance, Bessent questioned tech giants on AI security before Anthropic's Mythos release, CNBC reports
April 10 : U.S. Vice President JD Vance and Treasury Secretary Scott Bessent questioned leading tech CEOs about AI model security and how to respond to cyber attacks a week before Anthropic released its new Mythos model, CNBC reported on Friday. Anthropic’s Dario Amodei, Alphabet’s Sundar Pichai ...
19 hours ago
Proxy adviser Glass Lewis recommends Warner Bros shareholders vote for Paramount deal
April 10 : Independent proxy advisory firm Glass Lewis recommended Warner Bros Discovery shareholders to vote in favor of the company's $110 billion deal to combine with Paramount Skydance. The planned merger would create an entertainment colossus with one of the industry's most storied co ...
19 hours ago
Suspect arrested after Molotov cocktail attack at OpenAI CEO Sam Altman's home
April 10 : A person was arrested by San Francisco police for allegedly throwing a Molotov cocktail at OpenAI CEO Sam Altman's home and for making threats outside the artificial intelligence startup's headquarters, the company said on Friday."Thankfully, no one was hurt. We deeply appr ...
21 hours ago
Commvault explores sale after takeover interest, sources say
(Removes extraneous text in paragraph 2)By Milana VinnNEW YORK, April 10 : Data protection software provider Commvault Systems is exploring a sale after receiving takeover interest from multiple parties, according to four people familiar with the matter.Commvault, which has a market capitalizat
23 hours ago
YouTube raises subscription prices in US for the first time in 3 years
April 10 : YouTube on Friday raised subscription prices in the United States, with increases of up to $4 set to take effect from the next billing cycle.The Alphabet-owned video platform said the standard individual YouTube Premium plan would now cost $15.99 a month, up from $13.99, while the family ...
24 hours ago
OpenAI faces tighter regulation under EU's Digital Service Act, Handelsblatt says
April 10 : OpenAI and its chatbot ChatGPT is set to be classified as a very large search engine and fall under the European Union's Digital Services Act (DSA), meaning it faces tighter regulation, Germany's Handelsblatt newspaper said on Friday, citing sources. Handelsblatt said OpenAI dec ...