56 minutes ago
Wall St opens higher as Iran deal optimism offsets hawkish Fed
[NEW YORK] Wall Street’s major indexes advanced on Thursday (Jun 18) with technology shares leading gains as optimism about a Middle East...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
UK moves ahead with Heathrow Airport expansion plan
The government wants Heathrow’s new runway to open in 2035
1 hour ago
Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
June 18 : The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct knowledge of the matter.The move is in response to a Chinese government or ...
2 hours ago
Singapore favoured by Muslim travellers amid surge in AI-assisted holiday planning: report
Shikhar Gupta - The city-state takes the top spot among non-OIC destinations; Malaysia ranks first globally
2 hours ago
Bank of England holds rates in 7-2 vote as oil outlook eases
The BOE is trying to strike a balance between taming inflation and supporting growth
2 hours ago
ChapsVision says ethics panel can veto deals deemed risky
PARIS, June 18 : French software group ChapsVision said on Thursday its independent ethics committee can block contracts where its software could be misused, underscoring how oversight has become central as Europe seeks local alternatives to U.S. data analytics providers.ChapsVision President Silvan ...
3 hours ago
Iran peace not stopping central banks from raising borrowing costs
FRANKFURT/TOKYO, June 18 : The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of them, led by the U.S. Federal Reserve, have either raised borrowing costs or signalled likely moves to tame price growth.Conflict in the Middle ...
4 hours ago
Japan's Cosmo Energy to keep Middle East crude focus despite Iran war
TOKYO, June 18 : Japan's Cosmo Energy Holdings will maintain its focus on crude procurement and upstream investments in the Middle East despite the Iran war, citing the region's cost-competitiveness and suitability of its crude for Cosmo's refineries, its CEO said on Thursday.The coun ...
4 hours ago
Accenture strikes $4.18 billion cybersecurity deal, shares fall on weak forecast
June 18 : Accenture unveiled $4.18 billion in cybersecurity acquisitions on Thursday to push deeper into the booming sector, as a weak sales forecast sent its shares down 14 per cent and underscored the pressure AI tools exert on its consulting business.The premarket drop followed the company's ...
4 hours ago
Accenture strikes $4.18 billion cybersecurity deal, shares fall on forecast cut
June 18 : Consultancy firm Accenture said on Thursday it would take a majority stake in industrial cybersecurity firm Dragos and fully acquire asset intelligence company runZero and device security specialist NetRise in a combined deal valued at $4.18 billion.Shares of Accenture fell over 11 per cen ...
4 hours ago
Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal
June 18 : Consultancy firm Accenture said on Thursday it will buy a majority stake in Dragos and fully acquire runZero and NetRise in a combined deal valued at $4.18 billion.Shares of the Dublin, Ireland-based company fell about 5 per cent in premarket trading.Separately, the company also cut the to ...
4 hours ago
Singapore shares end higher; STI up 0.7%
Sats leads the gainers on the benchmark index, while DFI Retail Group is its biggest decliner
4 hours ago
Bank Indonesia raises rates for the second time in eight days to defend rupiah
Elisa Valenta - Analysts say the move reflects policymakers’ determination to stay ahead of the curve
4 hours ago
PetroChina forecasts Chinese oil consumption will drop 4.9% this year
Oil demand is plateauing and projected to fall to around 700 million tons by 2030
5 hours ago
Chinese regulator asks Lalamove to make changes to comply with antitrust rules
The firm says it has “completely accepted” the regulator’s requirements and made the necessary changes
5 hours ago
Qantas to fly special Airbus jet on first Sydney-London nonstop
The inaugural route will start in October 2027
5 hours ago
First Saudi supertankers start crossing Hormuz after deal
More than 100 oil tankers were trapped in the strait due to the war
5 hours ago
Singapore reclaims top spot in IMD world competitiveness ranking as business efficiency improves
Deon Loke - The Republic last held the top spot in 2024
5 hours ago
Blackstone’s AirTrunk seeks A$4.3 billion loan for Sydney data centre project
Banks have been approached to underwrite the five-year deal, sources say
6 hours ago
South Korea to keep fuel price ceilings as US-Iran deal impact assessed, media reports
SEOUL, June 18 : South Korea will keep its current fuel price ceilings in place until there is more clarity on a U.S.-Iran agreement and its impact on global oil markets, local media reported on Thursday.Yang Gi-wook, a senior industry ministry official, told a briefing that the government would dec ...
6 hours ago
Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme
EVONIK Industries will cut 3,200 jobs worldwide by the end of 2029, including 2,150 positions in Germany, the German chemicals group said...
6 hours ago
BeeX, SIT launch test site for AI underwater inspection systems
Nurdianah Md Nur - Singapore’s maritime robotics start-up BeeX has launched a test site with the Singapore Institute of Technology (SIT) to accelerate the development of AI-enabled underwater drones for infrastructure inspection, environmental monitoring, and coastal protection. Called the Autonomous Marine Foundry ...
6 hours ago
South Korea’s Kospi index tops 9,000 as chipmakers hit records
Samsung Electronics rises 4.62% and SK Hynix gains 6.51%
7 hours ago
CGSI reiterates ‘add’ call with higher target price of $5.20 on SATS
Teo Zheng Long - Both Tay Wee Kuang and Lim Siew Khee from CGS International have reiterated their “add” call on SATS (SGX: S58 ) following the recent non-deal roadshow (NDR) organised by the brokerage house. During the NDR, SATS’ management team attributed the outperformance in cargo tonnage handled against g ...
7 hours ago
How India sparred with Telegram days ahead of blocking the app
NEW DELHI, June 18 : India privately rebuked Telegram for not proactively removing accounts offering purported leaked exam papers while the company accused New Delhi of misrepresenting meeting records, an impasse that led to an unprecedented ban of the app, documents show. Telegram has challenged th ...
7 hours ago
OCBC launches free ESG tool for more sustainable SMEs and supply chains
Lin Daoyi - Small and medium enterprises (SMEs) from Singapore, Malaysia, Hong Kong and Indonesia may now tap OCBC PULSE, a free environmental, social and governance (ESG) tool by OCBC to assess sustainability readiness. Individual SMEs may independently access the online tool while large firms, including liste ...
7 hours ago
European shares subdued on Fed rate-hike bets
Tech stocks gained 0.6 per cent
7 hours ago
Indonesia central bank raises rates by 25 basis points
It raised the seven-day reverse repurchase rate to 5.75%, the highest level since May 2025
7 hours ago
Indonesia central bank raises policy rates again to support rupiah
It raised the seven-day reverse repurchase rate to 5.75 per cent, the highest level since May 2025
7 hours ago
Nikkei gauge crosses 71,000 on US-Iran peace deal
Chip-related shares led the Nikkei’s gain
7 hours ago
Japan bank lobby warns of potential service disruptions due to AI-enabled cyberattacks
TOKYO, June 18 : Japanese lenders may be forced to suspend services such as ATMs and online banking if sophisticated AI models end up posing a serious threat to the banking system, said the chair of the country's banking lobby.Frontier AI systems, such as Anthropic's Mythos, can quickly id ...
7 hours ago
Top Glove quarterly profit surges 138% on cost control measures
The company benefits from a diversified supplier network across multiple countries
7 hours ago
BESI raises long-term revenue, margin targets as demand increases
June 18 : Dutch semiconductor equipment maker BE Semiconductor Industries (BESI) on Thursday raised its long-term revenue and operating margin targets, citing improved order momentum and stronger demand for data centre and photonics applications.BESI stock has risen over 100 per cent since the begin ...
7 hours ago
Orchid Hotel in Tanjong Pagar sold for about S$273 million
Kalpana Rashiwala - The buyer is a JV between a local developer and Westmont Hospitality; hotel is expected to be rebranded