13 minutes ago
Banks lay groundwork for mass workforce cuts as AI takes hold
Following recent comments by CEOs, industry workers have been left dazed about whether their jobs are safe
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 minutes ago
Commentary: Iran war has raised inflation risks. Why are Asian economies still growing?
For all the attention on inflation, the bigger surprise this year may be how resilient the region has been, says DBS chief economist Taimur Baig.
19 minutes ago
Iran fires missiles at Israel as Trump aims to sustain ceasefire
The US and Iran appear to be making little progress towards an interim deal to end the war
2 hours ago
OPEC+ approves fourth oil output quota hike since Hormuz closure
On Sunday, the seven members decided to increase targets by 188,000 bpd from July, OPEC said in a statement.
3 hours ago
NASA to wear Prada as luxury group pushes into space industry
NEW YORK, June 7 : Italian fashion house Prada unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading into space, underscoring the brand's push to be the first major luxury player to make inroads in the space industry.The body-hugging suit, created in collaboration ...
4 hours ago
Cathay Pacific plans more aircraft orders across fleet, CEO says
RIO DE JANEIRO: Cathay Pacific is considering additional orders for widebody, narrowbody and freighter aircraft as it looks to expand rapidly over the next de
7 hours ago
Trump says Fed rate increase would be wrong, again calls for cut
Rate-hike expectations were reinforced after a hot May jobs report on Friday
7 hours ago
Samudera Shipping-chartered vessel sinks en route from Singapore to Pasir Gudang
Ry-Anne Lim - All crew members safe; group does not expect the incident to have any signifcant impact to its business or financials
8 hours ago
Cryptocurrency exchange Bybit to open SpaceX tokenized IPO access
June 7 : Cryptocurrency exchange Bybit said it will offer retail investors access to tokenized initial public offerings (IPOs) at the offering price, starting with SpaceX as its first offering.Here are some details: • Bybit users via Payward's xStocks, a tokenization platform, can subscribe t ...
10 hours ago
Up to 11 new condo projects with 3,550 units lined up for H2 launch as price ceilings emerge
Ry-Anne Lim - Analysts do not expect average launch prices to breach the S$4,000 psf mark in the near term
11 hours ago
Nvidia, SK to detail cooperation plan as Jensen Huang flags prolonged chip shortage
SEOUL: Nvidia and South Korea's SK are expected to announce a plan for cooperation between the two companies on Monday (Jun 8), with the boss of the US chipmaker saying that the ongoing memory shortage would persist for "quite a few years".A spokesperson for SK Hynix said group chairm ...
12 hours ago
South Korea unveils measures to stem won slide, curb speculation
These include tighter scrutiny of offshore currency derivatives and probes into potentially illegal FX transactions
13 hours ago
SIA Engineering, France’s Safran in US$118 million JV for aircraft engine maintenance in Singapore
Ry-Anne Lim - The two will establish a full-fledged shop for maintenance of CFM Leap aircraft engines
13 hours ago
British Airways says fare increases more likely after main summer season
Airlines across the world are grappling with higher fuel costs because of the Iran war
14 hours ago
With new S$10 million HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Paige Lim - Group CEO Ang Kiam Meng is confident that the group’s bottom line will improve in FY2027 as its investments begin to bear...
14 hours ago
With new 90,000 sq ft HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Paige Lim - Group CEO Ang Kiam Meng is confident that the group’s bottom line will improve in FY2027 as its investments begin to bear...
15 hours ago
OpenAI plans ChatGPT ‘superapp’ overhaul ahead of listing, reports FT
Overhaul will give greater prominence and resources to OpenAI’s coding product Codex and is set to roll out in the coming weeks
15 hours ago
World’s hottest market South Korea has bulls reaching for protection
Many investors are becoming pickier about where to put new money and keeping cash ready for opportunities elsewhere
17 hours ago
Global airlines slash 2026 profit forecast on fuel shock from Iran war
Iata says it expects the industry to post combined earnings of US$23 billion this year, down from US$45 billion in 2025
17 hours ago
Airline chiefs grapple with Iran war fuel shock, fare test at annual Iata summit
Fuel price volatility and inflation sit at the top of the industry’s risk agenda, found a recent survey
18 hours ago
Industrial S-Reits maintain operational resilience while undertaking portfolio rejuvenation
Industrial real estate investment trusts in Singapore (S-Reits) continued to show resilient operating performance in their latest results, supported by positive rental...
18 hours ago
Ho Bee chair ups stake; M&G becomes substantial unitholder in NetLink NBN Trust
Over the four sessions through to the Jun 4, 22 primary-listed companies conducted buybacks with a total consideration of S$97 million.
18 hours ago
OpenAI plans ChatGPT 'superapp' overhaul ahead of listing, FT reports
June 7 : OpenAI is planning its biggest ChatGPT overhaul yet, aiming to turn it into a "superapp" with coding tools and AI agents to boost revenue ahead of a planned share listing, the Financial Times reported on Sunday.The changes are part of a broader reorganisation at OpenAI, as it shif ...
18 hours ago
Led by Elon Musk, US CEO pay heads toward the stars
Executive compensation is accelerating while rank-and-file workers lag, widening the pay gap in corporate America
19 hours ago
Big questions loom as China’s memory chipmakers prepare blockbuster IPOs
Many investors see CXMT and YMTC as central to driving the current bull run in domestic technology stocks
20 hours ago
AI rules in South-east Asia: risks, fines and everything else you need to know
Making the effort to know the difference between what is voluntary and mandatory is key for any CTO or product lead
21 hours ago
US eyes Iranian assets for Gulf allies’ reconstruction, source says
An Iranian official said a peace deal hinged on the release of US$24 billion in Iranian assets frozen by the US
1 day ago
Commentary: What if AI retraining is just a comforting lie?
If upskilling is being touted as the bridge to an AI future, it must lead somewhere, says Catherine Thorbecke for Bloomberg Opinion.
1 day ago
High fuel costs to trigger airline failures and consolidation, industry chief says
Airlines are also expected to protect margins by cutting unprofitable routes, while fares, which have surged since the outbreak of the Iran war, are unlikely to come down soon, Walsh said.
1 day ago
US budget carrier Breeze Airways sets sights on 2027 IPO
Breeze Airrways Chief Executive David Neeleman, who has worked in the airline industry through some of its most turbulent periods, including the Sep 11, 2001, attacks in the US and the pandemic, had a cautiously optimistic tone when asked about the state of the aviation business.
2 days ago
Indonesian officials vow again to steady rupiah, draw funds
Global investors are rapidly losing confidence in Indonesia, unnerved by the more interventionist agenda
2 days ago
Boeing studying boost of 737 Max plane production to highest-ever rate
Turning out more jets is critical to its financial recovery after losing more than US$30 billion recently
2 days ago
Mermaid Maritime enters JV to reactivate vessel
Lin Daoyi - Offshore services provider Mermaid Maritime's subsidiary Mermaid Subsea Services has entered into a JV with DS Global Offshore Engineering Singapore for the “strategic” reactivation and commercial development of the company’s existing offshore support vessel (OSV) Mermaid Commander. A bou ...
2 days ago
Aspial Lifestyle chairman acquires more shares in open market
Lin Daoyi - In a bourse filing on June 5, Koh Wee Seng, chairman of pawnbroking and jewellery retailer Aspial Lifestyle acquired 800,000 shares in the company at an average of around 39.4 cents per share. Koh is also the CEO of Aspial Corporation, the parent company of Aspial Lifestyle. After the transaction, K ...