2 hours ago
Sunway’s IJM takeover bid lapses after falling short of acceptance threshold
Tan Ai Leng - Collapsed deal halts bid to create largest construction giant with market value nearing RM50 billion
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
Saudis raise Asia oil to record premium as war upends market
The conflict is forcing a shift in oil flows as the vital Strait of Hormuz remains largely shut
3 hours ago
UltraGreen.ai's ID Nicky Tan raises stake after buying shares at below IPO price
The Edge Singapore - Tan Ng Kuang, an independent director of UltraGreen.ai, has added to his stake in medical company over recent two market days. Better known as Nicky Tan, he is known for leading a boutique corporate advisory firm nTan Corporate Advisory. On March 31, he paid an average of US$1.445 each for 20,000 sh ...
3 hours ago
S&P 500, Nasdaq open higher as investors weigh Mideast resolution hopes
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Monday (Apr 6) after the indexes marked their biggest weekly jump...
3 hours ago
New Jersey cannot regulate Kalshi's prediction market, US appeals court rules
April 6 : A federal appeals court on Monday ruled that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to place financial bets on the outcome of sporting events.A three-judge panel of the Philadelphia-based 3rd U.S. Circuit Court of A ...
3 hours ago
Nam Cheong wins charter contracts worth RM102.5 mil
The Edge Singapore - Nam Cheong has won charter contracts worth RM102.5 million for two of its support vessels for two-year terms, with an option to extend by another year. One of Nam Cheong's anchor handling tug supply vessel has been chartered to Offshore Oil Engineering Co, a subsidiary of CNOOC. A maintenance w ...
4 hours ago
Investors press Amazon, Microsoft and Google on water, power use in US data centers
(Corrects paragraph 10 to show that Amazon provides data on water usage per unit of power not total water usage)By Simon Jessop, Valerie Volcovici and Supantha MukherjeeLONDON, April 6 : Amazon, Microsoft and Alphabet's Google have each recently abandoned construction of multibillion-dollar dat ...
4 hours ago
Analysis:Investors press Amazon, Microsoft and Google on water, power use in US data centers
LONDON, April 6 : Amazon, Microsoft and Alphabet's Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder pressure over the environmental impact of their projects.More than a dozen investo ...
4 hours ago
Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending
April 6 : Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping an executive with experience in infrastructure and energy to steer its efforts to meet surging demand for artificial intelligence and cloud services.The appointment comes as the technology company has been taking ...
4 hours ago
Oracle appoints Hilary Maxson as CFO
April 6 : Oracle said on Monday it had appointed Hilary Maxson as chief financial officer, effective immediately.Maxson joins when demand for AI computing, cloud databases is outpacing available capacity, pushing the company to accelerate investments in data centers and infrastructure.Before joining ...
4 hours ago
BlackRock plans challenger to Invesco’s US$374 billion crown jewel
The iShares Nasdaq 100 ETF would follow the technology-heavy index and trade under the ticker IQQ
4 hours ago
Nam Cheong bags RM102.5 million in vessel charter contracts
Ry-Anne Lim - This brings the group’s long-term coverage to 69%, just shy of its 70% target
5 hours ago
JPMorgan CEO Jamie Dimon warns Iran war may drive inflation and interest rates higher
Dimon highlights major risks, citing wars in Ukraine and the Middle East alongside China tensions
5 hours ago
Iran war pressures Singapore’s tech sector to focus on energy efficiency, diversification
Young Zhan Heng - Current operations of semiconductor and data centre players are largely unaffected due to existing contracts and inventory buffers
5 hours ago
Prime US Reit signs 40,000 sq ft lease at Class A office building in Colorado
Ry-Anne Lim - The 11-year lease with S&P Global will take the building’s committed occupancy to 80% from 63%
6 hours ago
Prime US REIT signs S&P Global as tenant for 11 years
The Edge Singapore - Prime US REIT has signed an 11-year lease for a 40,000 square feet space with S&P Global at one of its properties in Colorado. With this lease, the committed occupancy of Village Center Station I in Greenwood Village, Denver, will increase from 63% to around 80%. This signing follows a series of ...
6 hours ago
Singapore businesses prefer government aid to offset Iran war costs: SCCCI poll
Koh Kim Xuan - About 61% also want better access to low-interest working-capital loans
7 hours ago
Singapore launches C3T to boost business competitiveness in climate transition
Lin Daoyi - Seeking to enhance Singapore firms’ competitiveness and resilience to climate risks, Singapore is establishing the Council for a Competitive Climate Transition (C3T), a new public-private collaboration led by the country’s National Climate Change Secretariat (NCCS) and the Singapore Business Fed ...
7 hours ago
US crude premiums climb to record levels as Asia, Europe compete for supply
The jump in crude prices is driving up costs and widening losses for refiners on both continents
7 hours ago
Indonesia to let airlines increase fuel surcharges as aviation costs soar
Elisa Valenta - Aviation fuel prices have surged about 70% in Indonesia, triggered by the Iran war
7 hours ago
US regulator ends probe into Tesla's 'actually smart summon' feature after software fixes
April 6 : The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has closed its investigation into Tesla's so-called "actually smart summon" feature, which covered about 2.59 million vehicles.The feature allows users to remotely move vehicles over short dist ...
7 hours ago
US ends probe into Tesla remote driving feature after software updates
WASHINGTON, April 6 : The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents.The agency opened the probe into the " ...
7 hours ago
Singapore sets up platform to better coordinate companies’ climate resilience initiatives
Janice Lim - The Council for a Competitive Climate Transition will work on the new national adaptation plan, among others
7 hours ago
Iran war raises urgency of climate transition, says Ravi Menon
Janice Lim - He is one of two co-chairs of a platform set up to help busineses beef up their climate resilience and competitiveness
7 hours ago
SMFG, Nippon Life in talks to set up 500 billion yen private credit fund: sources
The fund will provide loans for leveraged buyouts and other areas such as real estate transactions and mezzanine financing
7 hours ago
Indonesia to allow airlines to raise fares by up to 13%
The policy would be in effect for the next two months and is subject to further evaluations
8 hours ago
4,000 jobseekers placed on unemployment benefits scheme last year, out of 10,000 applications
Former contract workers and the long-term unemployed are among the jobless individuals who may not be covered by the scheme.
8 hours ago
Indian IT firms face subdued fourth quarter as war, AI concerns persist; weak rupee helps earnings
BENGALURU, April 6 : Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10 per cent year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said.Uncertainties due to wars, weak discretionary ...
10 hours ago
PhillipCapital replaces Singtel with Sembcorp in latest quarterly portfolio
The Edge Singapore - The PhillipCapital research team has replaced Singapore Telecommunications with Sembcorp Industries in its latest quarterly "Absolute 10" portfolio, on the premise that the latter's pending $4.8 billion acquisition of Alinta Energy will drive earnings growth ahead. "Gas trading o ...
10 hours ago
Parliament to discuss cushioning S’pore from impact of Middle East conflict; 3 ministers to speak
[SINGAPORE] Measures to cushion the impact of the conflict in the Middle East on Singaporeans will be discussed in Parliament on Tuesday...
10 hours ago
New senior counsel Danny Ong calls on lawyers to dare to be unconventional in modern legal landscape
Tessa Oh - He recommends a skill set that is more holistic, than one based on just technical proficiency
11 hours ago
Thailand to control crude palm oil exports, bottled prices starting April 7
The measure takes effect on Tuesday and will remain in force for one year
11 hours ago
BOJ says regional economies could worsen due to fallout of Middle East conflict
TOKYO, April 6 : The Bank of Japan said on Monday some regional economies could worsen due to surging oil prices and supply disruption brought about by conflict in the Middle East."As uncertainty heightens, some firms worried that rising prices mainly for energy could hurt corporate profit and ...
11 hours ago
BOJ warns of economic hit from Middle East conflict
TOKYO: The Bank of Japan said surging oil costs and supply disruptions brought about by the Middle East conflict could hurt the economy, signalling caution over downside risks to growth that may prod it to tread cautiously in raising interest rates.The assessment, made in a report based on findings ...