Hyundai faces challenge replacing lost Middle East sales, CEO says
MILAN, April 20 : Hyundai will not manage to fully make up for lost sales in the Middle East due to the crisis in the region, as manufacturing constraints will not allow the automaker to quickly reallocate sales to other areas, its CEO said on Monday.Unveiling Hyundai's new Ioniq 3 EV model at ...
Mercedes steps up China comeback with sporty electric C-Class
The company is betting the model will help stem market-share losses in the country
Adobe launches AI suite for corporate clients as competition heats up
April 20 : Adobe launched a suite of artificial intelligence tools on Monday to help corporate clients automate and personalize digital marketing functions, in a bid to fend off competition from autonomous tools offered by startups such as Anthropic.A selloff in software stocks, sparked by the rise ...
Aspial Lifestyle prices S$28 million in fixed-rate notes due 2029 at 5.1%
Chong Xin Wei - Net proceeds will be used to refinance existing borrowings and fund investments, among others
TOTM Technologies' substantial shareholder Khoo Thomas Clive raises stake in the company
Teo Zheng Long - TOTM Technologies Limited’s (SGX: 42F ) (TOTM Tech) substantial shareholder, Khoo Thomas Clive, has increased his stake in the company via market transaction. In the April 20 filing, Khoo acquired 10 million shares at 2.761 cents each. This translates to a total consideration of $276,100. This lat ...
Seatrium unit prices S$400 million in fixed-rate notes due 2031 at 2.95%
Chong Xin Wei - Net proceeds will be used to refinance existing borrowings and fund potential acquisitions, among others
Wall St opens muted as US-Iran tensions escalate
[NEW YORK] Wall Street’s main indexes opened muted on Monday (Apr 20) after a record rally last week, as escalating US-Iran tensions...
ISOTeam secures $30.1 mil worth of new contracts; total order book stands at $186.5 mil
Teo Zheng Long - ISOTeam (SGX: 5WF ) has won numerous contracts worth a total of $30.1 million, which brings its total order book to $186.5 million. These new projects are expected to be delivered progressively over the next two to three years, providing revenue visibility for ISOTeam until 2029. The contracts range ...
Inside one of Amsterdam's first supervised self-driving Teslas
AMSTERDAM, April 20 : As Kees Roelandschap navigates down the narrow canal-side streets of Amsterdam, flanked by the city's many bicycle riders, it takes a second to realise what's different: he doesn't have his hands on the wheel of his dark grey Tesla.The U.S. electric carmaker gain ...
Apple withholds data in India antitrust case, watchdog sets final hearing
The commission says the firm has not submitted its financials and its views on the investigation since October 2024
Explainer-What do we know about Anthropic's Mythos amid rising concerns?
April 20 : Anthropic earlier this month debuted Mythos, its most advanced AI model to date, equipped with sophisticated capabilities and designed for defensive cybersecurity tasks.Mythos' vast capabilities have sparked fears about the threat to traditional software security after the AI startup ...
China’s silver imports jump to record on retail and solar demand
The high rate is unlikely to endure, given the lack of a long-term demand-supply imbalance for the metal, says analyst
China Aviation Oil says merger between parent and Sinopec not expected to impact business
Therese Soh - It notes that the consolidation is not a restructuring of CAO but is taking place at the parent-entity level by the group’s...
The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?
Jude Chan - Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely
Rex International executive director and chairman to retire amid restructuring
Chong Xin Wei - John Gerard Nicholas d’Abo retires on Apr 24; the company has a new CEO and has done away with the CTO role
Fitch revises Philippines' outlook to 'negative' as energy shock weighs on growth
April 20 : Credit ratings agency Fitch revised the Philippines' outlook to "negative" from "stable" on Monday, citing risks to medium-term growth from disrupted public investment and the country's high exposure to the global energy shock.The Philippines is particularly ...
Marvell shares gain on report of deal talks with Google to develop two AI chips
April 20 : Marvell Technology's shares jumped 7 per cent in premarket trading on Monday following a report that Alphabet's Google is in talks with the chip designer to develop two new chips aimed at running AI models more efficiently.The potential deal could involve two distinct chips: a m ...
Frasers Centrepoint Trust in talks to sell White Sands mall for over S$470 million
Chong Xin Wei - Local private equity firm TE Capital is said to be the prospective buyer
OCBC and partners launch South-east Asia’s first on-chain tokenised physical gold fund
Benicia Tan - Institutional and corporate accredited investors can subscribe to the token using stablecoins or fiat currencies
Paragon’s medical suites, Orchard Road location key factors in S$3.9 billion sale: Analysts
With a third of Paragon’s lettable floor space for office and medical tenants, the mall is a more resilient asset compared with other retail offerings, said property experts.
STI inches up 0.1% even as Iran conflict keeps investors on edge
Tay Peck Gek - Across the broader market, decliners edge out gainers 300 to 297, after 1.8 billion securities change hands
Tesla's energy storage division to pick up slack as car margins drop and credits fade
April 20 : Tesla's solar and energy business is likely to outshine the EV maker's challenged core business when it reports quarterly results this week, a sign of resilience as Tesla progresses slowly in its turn to robots and self-driving technology.For the quarter that Tesla is reporting ...
Deutsche Bank CEO says 'everyone' trying to access Anthropic's Mythos as global regulators review risks
FRANKFURT, April 20 : Deutsche Bank CEO Christian Sewing said on Monday that banks were in close contact with European watchdogs about Anthropic's Mythos as regulators rush to examine the cybersecurity risks the new artificial intelligence model raises and how prepared financial firms are to ta ...
Banks in close contact with European regulator on Anthropic's Mythos, banker says
FRANKFURT, April 20 : Banks are in close contact with their European regulators regarding Anthropic's new artificial intelligence model Mythos, Christian Sewing, president of the German banking association and CEO of Deutsche Bank, said on Monday.He said that the banking association would furth ...
UOB’s Green Lane facilitates RM18 billion of FDI into JS-SEZ since 2024 with more to come
Lin Daoyi - Following the launch of United Overseas Bank’s Green Lane with Invest Johor in February 2025, the bank announced that it has facilitated foreign direct investments (FDI) flows exceeding RM18 billion into the Johor-Singapore Special Economic Zone (JS-SEZ) as at end- 2025. The figures were revealed ...
UOBKH initiates coverage on Beng Kuang Marine with target price of 64 cents
Teo Zheng Long - UOB KayHian analysts Tang Kai Jie and Heidi Mo have initiated coverage on Beng Kuang Marine (BKM) with a “buy” call and target price of 64 cents. In their initiation report on April 20, both analysts point out that BKM is a leader in provision of corrosion prevention, repair and life extension s ...
AirAsia tests market with Deutsche-led US$230 million private debt
The 18-month transaction takes the form of a revenue bond backed by ticket sales of several carrier routes
Maybank re-initiates ‘buy’ on HRnetGroup with TP of 87 cents
Kwan Wei Kevin Tan - Maybank analyst Eric Ong has re-initiated coverage on HRnetGroup (SGX: CHZ ) with a “buy” call and a target price of 87 cents. The Mainboard-listed recruitment agency was founded in 1992 and went public in 2017. “Beyond just being a regional recruiter, we believe HRnet is structurally difficul ...
Morgan Stanley sees agentic AI widening chip spending beyond graphics processors to CPUs
April 20 : Morgan Stanley said increasingly autonomous artificial intelligence could boost demand for central processing units (CPUs), reshape data center buildout and widen investment beyond the graphic chips that have dominated the AI boom so far."As AI transitions from generation to autonomo ...
Oil prices rise 5% on fears of US-Iran ceasefire collapse
LONDON, April 20 : Oil prices jumped around 5 per cent in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted.Brent crude futures advanced $4.19 ...
Oil prices rise 6% on fears of US-Iran ceasefire collapse
LONDON, April 20 : Oil prices jumped more than 6 per cent in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted.Brent crude futures advanced $5 ...
Sea to launch new AI centre to drive innovation and capability-building in Singapore
Jermaine Fok - Facility could create at least 100 roles, spanning AI research, engineering and product development
Regulators monitor Anthropic's Mythos for banking risks
SYDNEY, April 20 : Regulators said on Monday they are monitoring the development of Anthropic's frontier AI model Mythos, which experts say could have the capability to be used to destabilise banking systems.The vast capabilities of Mythos to code at a high level have given it a potential ...
Asia bond outflows surge to four-year highs on inflation concerns
April 20 : Asian bonds recorded their largest monthly foreign outflows in four years in March as disruptions to oil and gas supplies from the Middle East conflict fueled inflation concerns, weighing on demand for fixed-income assets.Investors pulled a net $7.57 billion from regional bonds in South K ...
