34 minutes ago
FPL’s big asset shuffle: Controlling shareholder support is helping it drive value and stay listed
Ben Paul - Investors may have to wait for the latent value of its shares to be fully realised in an apathetic market
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
47 minutes ago
Opec+ set to clear another oil output increase: sources
The group is said to have agreed in principle to increase quotas by 188,000 barrels per day from August
2 hours ago
Nearly a million investors lost a total of US$3.8 billion on Trump crypto coin
[WASHINGTON] An up-to-date tally of Trump followers turned crypto investors is in. And for them, the overall results are remarkably bad.
3 hours ago
PM Wong to visit Jakarta on Monday for annual leaders’ retreat with Indonesia’s Prabowo
Renald Yeo - The meeting will ‘explore pathways to strengthen collaboration in areas of mutual interest and benefit’
4 hours ago
Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal: FT
The American firm has shelved launches in five of the seven countries it had targeted for growth in 2026
6 hours ago
Tiong Woon’s next heavy lift: S$200 million revenue target by FY2030, as it expands beyond crane rental
Ry-Anne Lim - CEO Michael Ang says the group is keeping gearing low as it explores overseas M&A opportunities
6 hours ago
The week of insider buying and buyback activity
Over the five sessions, more than 120 director interests and substantial shareholdings were filed for around 50 primary-listed stocks
7 hours ago
Oil’s supply wave, tumbling prices rekindle fears of global glut
Opec may soon have to consider curbing supply to prop up prices, to avoid a fight for market share
7 hours ago
VIP sales at condo launches under scrutiny after agents get first dibs
CEA has engaged agencies on ensuring that regular buyers are not disadvantaged
8 hours ago
Are the ‘Mangos’ stocks already turning soft?
There’s no guarantee that any of the acronym’s six members will stick around and thrive
20 hours ago
Tech chief betting on a ‘clear North Star’ and ‘deep care’ to drive Google’s Apac solutions
Lionel Lim - The American tech firm has expanded its partnership with Singapore to include health and life sciences
24 hours ago
For one small business, AI was key to a quick start and expansion
WASHINGTON, July 4 : Here Now Health isn't an AI-based company, but its quick path from an idea in founder Michelle Turner's mind to an operating mental health platform for foster children relied deeply on the technology now restructuring the U.S. economy.Working from her Virginia Beach ho ...
1 day ago
SK Hynix is said to weigh 0.5% fee payout in mega ADR offering
[SEOUL] SK Hynix is considering paying about 0.5 per cent of the proceeds from its US listing – one of the largest...
1 day ago
Energy-hungry Asia is already drawing lessons from Iran crisis
[SINGAPORE] There is still no lasting peace deal in the Persian Gulf, but energy-hungry Asia is already drawing energy lessons from four...
1 day ago
JPMorgan sees US$4,500 gold price in Q4, says risks to downside
[BENGALURU] JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in...
1 day ago
SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports
July 4 : SK Hynix is considering paying about 0.5 per cent of the proceeds from its U.S. listing to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the matter. • The South Korean chipmaker has indicated it could issue up to 2.5 per cent of its outstanding ...
1 day ago
Scarred by 1997 crash, South Korea nervously opens 24-hour won trading
[SEOUL] Deep inside a government complex in Sejong, about two hours from Seoul, a room known as “the box” is ground zero...
1 day ago
Oil prices little changed as US-Iran peace efforts hold
[CALGARY] Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to...
1 day ago
Europe: Stoxx 600 clocks best week in over a month as rally broadens
[BENGALURU] Europe’s benchmark Stoxx 600 hit an intraday record high on Friday (Jul 3) and logged its biggest weekly jump in over...
1 day ago
The future of media in the AI age (Part 7/9): The interpretation economy
Tong Kooi Ong + Asia Analytica - Parts 1 to 6 of “The Future of Media in the Digital Age” examined how search engines and social media disrupted traditional media — capturing attention, data and advertising economics. Many publishers mistook “going digital” for transformation. It wasn’t. Free content without a viable mo ...
1 day ago
A recurring pattern in the history of information
Tong Kooi Ong + Asia Analytica - Artificial intelligence (AI) is not the first technology to disrupt the economics of knowledge. The history of media is best understood as a series of revolutions of information. The first was when Johannes Gutenberg invented the movable-type printing press in 1440. Books that were once copied by ha ...
1 day ago
How I knew I was ready to retire at 50
Money matters, but so do health, purpose and relationships
1 day ago
Family businesses fail when members overstep their roles
The lines between shareholder, director and executive must be clear
2 days ago
Fermi CEO Neugebauer suspends proxy campaign after judge’s recusal
July 3 : Toby Neugebauer, the co-founder and largest shareholder of energy and data center development company Fermi, said on Friday he has suspended his proxy campaign to call a special meeting after a Texas Business Court judge recused himself shortly before a scheduled hearing, disrupting the tim ...
2 days ago
Fiserv, service station operators including BP warn US stores on illegal vapes
LONDON, July 3 : Payments platform Fiserv and service station operators including BP have warned their U.S. partners and store owners not to deal in illegal vapes or risk heavy fines as a consequence, notices seen by Reuters show.A coalition of state and city law enforcement officials in the U.S. is ...
2 days ago
Tesla rolls out robotaxi service in Miami
July 3 : Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.The expansion highlights Tesla's efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a k ...
2 days ago
Firmer rates, hawkish Fed, banks at new highs
Jovi Ho - The banks have an outsized impact on the Straits Times Index because, by weight, they account for 48% of the STI based on Bloomberg’s calculations. Other calculations put the banks’ weight in the STI at above 50%. The uptrend of the three local banks remains very much in force and, apart from te ...
2 days ago
Boustead healthcare unit acquires majority stake in medtech company via S$6 million equity injection
Elysia Tan - Post-acquisition, UroMedTech will continue to operate under its existing brand
2 days ago
Boustead Singapore acquires majority stake in Singapore urology robotics company for $6 mil
Teo Zheng Long - Boustead Singapore (SGX: F9D ) announced that its healthcare division, Boustead Medical Care Holdings (BMCH), has acquired a 60% stake in UroMedTech Pte Ltd (UroMedTech) through a $6 million equity injection. According to Boustead Singapore, UroMedTech is a Singapore-based medical technology company ...
2 days ago
Cohen & Steers emerges as substantial shareholder of Centurion Accommodation REIT
Teo Zheng Long - Fund manager Cohen & Steers Capital Management has emerged as a substantial shareholder of Centurion Accommodation REIT (CAREIT) (SGX: 8C8U ) . In the filing on July 3, the fund manager has acquired 154,000 units on July 2 at a price of $1.09 per unit. This translates to a total consideration of ...
2 days ago
AI hiring outpaces overall IT recruitment in India, report shows
BENGALURU, July 3 - Hiring for AI roles within India's IT sector outpaced overall recruitment within the industry last month, a survey showed on Friday, indicating a push from companies to reorient themselves in the face of evolving technology.The sector's AI hiring rose 16 per cent year-o ...
2 days ago
HSBC, Standard Chartered weigh significant risk transfers as Asia-linked deals ramp up
Such moves allow banks to manage default risk on loan books, boost solvency ratios, free up regulatory capital
2 days ago
SIA Engineering, Air India ink MOU to explore MRO collaboration opportunities
Chloe Lim - [SINGAPORE] SIA Engineering and Air India on Friday (Jul 3) signed a memorandum of understanding (MOU) to explore opportunities to collaborate in...
2 days ago
Singapore shares close higher amid softer US job growth; STI up 0.5%
Yangzijiang Shipbuilding leads the gainers on the blue-chip index