33 minutes ago
Thai hospitality group Minor International said to mull Singapore IPO instead of Hong Kong
Deliberations are still ongoing
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
Japan secures stable crude supplies through March 2028, PM Takaichi says
TOKYO, June 11 : Japan has secured stable oil supplies through the end of March 2028 despite the Iran war through a combination of alternative crude imports and stockpile releases, Prime Minister Sanae Takaichi said on Thursday, extending the country's previous supply outlook by around one year ...
2 hours ago
Singapore stocks close higher; STI up 0.6%
Benjamin Cher - Across the broader market, gainers outnumber losers 298 to 274 after 1.6 billion securities change hands
2 hours ago
Pakistan economic survey projects real GDP growth at 3.7% in FY26
ISLAMABAD, June 11 : Pakistan's annual economic survey projected real GDP growth at 3.7 per cent for the fiscal year ending June 2026, according to the report released on Thursday.Here are some details from the report:• Average CPI inflation was seen at 6.7 per cent in the July-May period, th ...
2 hours ago
Sembcorp completes purchase of Alinta Energy
Lin Daoyi - In a June 11 announcement, Mainboard-listed Sembcorp Industries shares that it has completed its acquisition of Australian power generator Alinta Energy from Chow Tai Fook Enterprises. With the deal done, Sembcorp will obtain Alinta's 3.4GW operating portfolio and 10.4GW development pipeline, a ...
2 hours ago
SpaceX by the numbers: Six charts mapping businesses driving its IPO ambitions
June 11 : SpaceX's market debut on Friday is expected to be the largest-ever IPO, capping the meteoric rise of a company that has reshaped the space business with reusable rockets and internet beamed from orbit and which now targets space-based AI.Aiming for a $1.75 trillion valuation that woul ...
2 hours ago
On brink of IPO, Musk's SpaceX already a household name, Reuters/Ipsos poll finds
WASHINGTON, June 11 : Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era companies and even prominent 2028 presidential hopefuls, according to a Reuters/Ipsos poll.For the last decade, SpaceX rockets have regularly ...
2 hours ago
Anthropic v. OpenAI: Behind the bitter battle for the future of AI
SAN FRANCISCO/NEW YORK, June 11 : If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.In late 2022, OpenAI caught wind that Anthropic was working on an AI-powered chatbot. OpenAI CEO Sam Altman immediately directed employees to fast-t ...
3 hours ago
AI predictions, consumer plays: analysts offer SGX playbook for World Cup 2026
Shikhar Gupta - The recommendations go beyond the standard sportswear and beer bumps to feature less obvious winners
3 hours ago
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Kalpana Rashiwala - This is 2.5% more than the S$1,820 psf ppr fetched for nearby plot next to Newton MRT interchange station in November
3 hours ago
Evergreen funds making inroads into Asia: HarbourVest
Benjamin Cher - They offer advantages over traditional closed-end funds, such as reduced workloads for investors
3 hours ago
Wall Street buckles up for SpaceX liftoff, hoping for a glitch-free ride
NEW YORK/SAN FRANCISCO, June 11 : As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders, brokers and exchanges are working nonstop to make sure their trading systems can handle the blockbuster IPO and avoid the chaos that marred other highly anti ...
4 hours ago
AirAsia X postpones Bahrain flight route due to regional conflict
The airline expects the service to start in August or September, subject to market conditions
4 hours ago
British device maker Halma's shares slump on slower annual growth forecast
June 11 : British health and safety device maker Halma forecast organic constant-currency revenue growth for fiscal 2027 at a slower rate than the previous year, sending its shares down nearly 15 per cent on Thursday. Here are a few details: • The company expects to deliver low double-digit per
4 hours ago
DBS initiates coverage on Centurion Corp with ‘buy’ call on strong bed growth visibility
Deon Loke - The brokerage initiates with a target price of S$1.86 per share
4 hours ago
Meta starts unwinding Singapore-based Manus deal by splitting operations, data
Facebook owner has effectively erected a firewall between itself and the agentic AI service that got its start in China but relocated...
4 hours ago
Meta starts unwinding Manus deal by splitting operations, data
The owner of Facebook and Instagram has effectively erected a firewall between itself and the agentic AI service
4 hours ago
Cuscaden Peak sells 50% stake in South Australia mall for US$469 million
Ry-Anne Lim - Westfield Marion Shopping Centre is last piece of the Paragon Reit portfolio to be sold
4 hours ago
European shares edge higher ahead of ECB rate verdict; Middle East tensions eyed
EUROPEAN shares inched higher in choppy trading on Thursday (Jun 11), with escalating tensions in the Middle East keeping investors cautious ahead...
4 hours ago
World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise
JAKARTA, June 11 : The World Bank said on Thursday that Indonesia's economic growth was expected to slow to 5 per cent in 2026 as it comes under increasing fiscal strain from an ambitious spending programme and the rising cost of fuel subsidies in the wake of the Iran war. The forecast by the W ...
4 hours ago
Deezer launches free AI music detector for users of major streaming platforms
June 11 : French music platform Deezer has launched a free online tool to detect AI-generated tracks in playlists, available to users of all major streaming platforms, it said on Thursday.The company is also licensing its AI-detection technology to the wider music industry, building on earlier deals ...
5 hours ago
Malaysia’s SD Guthrie working with Indonesia on palm oil plantation seizures: CEO
The firm says 2% of its land has been seized by the Indonesian task force, amounting to around 2,800 ha
5 hours ago
Alibaba’s DingTalk chief departs after debate erupts over AI strategy
Chen Hang left his role and will be replaced by technologist Chen Yusen
5 hours ago
Indonesian bonds resume decline as market confidence stays weak
Indonesian markets remain volatile
5 hours ago
Musk to speak at chip tool giant ASML event ahead of SpaceX IPO
AMSTERDAM, June 11 : Elon Musk is expected to appear virtually at an event by computer chip equipment giant ASML on Thursday to discuss Terafab, his plan for a massive chipmaking plant to supply Tesla and IPO-bound SpaceX.The pricing of the initial public offering of Musk's SpaceX, potentially ...
5 hours ago
Japan moves to regulate crypto like stocks in market growth push
The country approved the issuance of the first yen-backed stablecoin in 2025
5 hours ago
LSEG slowly sheds ‘AI risk’ tag with drive to show growth
Analysts say LSEG improved communication on AI strategy, highlighting new revenue opportunities
6 hours ago
China’s Hengli seeks West African, Middle Eastern oil after US sanctions: sources
Hengli said in late April it would seek a legal path for removal from the sanctions list
6 hours ago
ECB set for ‘insurance hike’ as Iran war fans euro zone inflation
Inflation in the 21-country currency bloc is already above 3 per cent
6 hours ago
Alibaba, JD.com shares slide after Beijing slams price-cut promotions
The name-and-shame campaign marks the latest run-in between the market regulator and e-commerce juggernauts
7 hours ago
JPMorgan doubles private bankers in Singapore team to top 50
The US bank also offers private banking services in Hong Kong and Australia in Asia
7 hours ago
India's TCS partners with Anthropic to drive enterprise AI scaling
June 11 : India's Tata Consultancy Services has partnered with Anthropic to launch an alliance to drive enterprise AI scaling, the country's largest software services exporter said on Thursday.The partnership comes at a time when investors are concerned that AI tools will disrupt the tradi ...
7 hours ago
DBS to offer tokenised physical gold to retail customers
SINGAPORE: DBS Group, Singapore's biggest bank by assets, said on Thursday (Jun 11) it will offer tokenised physical gold to retail customers as demand for the precious metal grows and the country
7 hours ago
Singaporeans and PRs can now open OCBC Malaysia business accounts with Singpass
Jermaine Fok - The bank says applicants can complete identity authentication digitally as part of the process