11 minutes ago
Hitachi to mull US$640 million stake sale in machinery firm
A 180-day lockup that restricted Hitachi from selling the shares expired last week
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
24 minutes ago
World markets feel the strain as US–Iran war grinds on
LONDON, May 12 : From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets. Here's a look at some of the pressure points that are building: 1/ ASIA FEELS THE SQ ...
1 hour ago
Satellite firm SES's revenue jumps 80% as airplane connectivity gains momentum
May 12 : Luxembourg-based satellite operator SES on Tuesday reported first-quarter results in line with market expectations and reiterated its yearly guidance, as it flagged strong momentum in its aviation and European infrastructure businesses. Revenue was 847 million euros ($996 million) in the qu ...
1 hour ago
DBS maintains 'buy' and $2.92 target price on UMS Integration; shares surge near 14%
The Edge Singapore - Ling Lee Keng of DBS Group Research has kept her "buy" call and E$2.92 target price on UMS Integration after AI-led semiconductor demand and disciplined cost control drove a broad-based earnings uplift for the company. In its most recent quarter ended March, UMS, led by executive chairman ...
2 hours ago
India's IT index falls to three-year low on weak earnings outlook, demand worries
May 12 : India's Nifty IT index tumbled 3.6 per cent on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors.Analysts at HSBC said in a Tuesday note that fourth-quarter earnings and fiscal 2027 outlooks ...
2 hours ago
India's IT shares near three‑year low as OpenAI move revives AI fears
May 12 : India's IT shares fell to a three-year low on Tuesday as investor jitters around the threat posed by artificial intelligence to flagship IT firms flared up again, after OpenAI announced a new AI venture.The Nifty IT index fell 3.6 per cent to its lowest since May 2023, with Tata Consul ...
2 hours ago
China’s independent crude refiners cut output in May as losses mount amid Iran war: sources
Some of the smaller refiners have shut their plants for maintenance, sources say
2 hours ago
China’s independent refiners cut output in May as losses mount: sources
Some of the smaller refiners have shut their plants for maintenance, sources say
2 hours ago
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources
Singapore is an important base for many China-based firms seeking to source crude and metals
2 hours ago
Former Singapore unit of sanctions-hit Hengli Petrochemical to cease operations: sources
The sanctions were imposed by the US Treasury over alleged purchases of Iranian oil, which Hengli denies
2 hours ago
RHB maintains 'buy' on AIMS APAC REIT, raises TP to $1.70 on data centre optionality and perpetual securities savings
Belle Neo - Vijay Natarajan of RHB Research Group has maintained his "buy" call on AIMS APAC REIT (AA REIT) and raised his target price from $1.62 to $1.70, implying 8% upside from its current share price of $1.56. Natarajan has also increased his FY2028 distribution per unit (DPU) estimate by 3%, fac ...
2 hours ago
CGSI reiterates 'add' on Hong Leong Asia, raises TP to $5.50 on powertrain strength and Yong Tai Loong acquisition
Belle Neo - Natalie Ong, Then Wan Lin and Tay Wee Kuang of CGS International have reiterated their "add" call on Hong Leong Asia (HLA) and with a higher target price of $5.50 from $4.50 previously on stronger powertrain earnings and the accretive acquisition of Yong Tai Loong (YTL). The analysts’ ne ...
3 hours ago
UOBKH sees 38.5% upside in Aoxin Q&M Dental on back of China dental consolidation push
Belle Neo - Tang Kai Jie of UOB Kay Hian has initiated coverage on Aoxin Q&M Dental with a "buy" call and a target price of 36 cents, implying an upside of 38.5% from its current share price of 26 cents. Tang’s target price is pegged to an FY2027 P/E of 52.5 times and 2.5 standard deviations (s. ...
3 hours ago
Malaysia economic growth likely slowed to 5.3% in January-March
BENGALURU, May 12 - Malaysia's economic growth likely eased in the first quarter, after expanding the most in more than three years in the previous quarter, according to a Reuters poll of economists, largely due to a normalisation in growth.Strong household consumption that has benefited from f ...
3 hours ago
China’s central bank warns on imported inflation from higher oil prices, focuses on policy transmission
Many economists have already scrapped their forecasts for a rate cut this year
3 hours ago
China’s central bank warns on imported inflation, focuses on policy transmission
Many economists have already scrapped their forecasts for a rate cut this year
4 hours ago
Stung by Iran war, Trump heads to Beijing summit with Xi in need of wins
Leaders seek to extend fragile trade truce, with Trump wanting Xi’s help to end unpopular Iran war
4 hours ago
Oil climbs but markets shrug off US-Iran deadlock
HONG KONG: Oil prices climbed on Tuesday (May 12) as US-Iran talks stalled, while markets were mixed as traders appeared to shrug off uncertainty over the 10-week-old war. Optimism over W
4 hours ago
Franklin Templeton appoints former BOS managing director to new Apac private markets wealth role
Shikhar Gupta - Chee Jiun Wen will be based in Singapore and will focus on expanding the company’s private markets franchise across the region
4 hours ago
Snacks giant Calbee, crunched by Iran-related ink shortage, switches to monotone packaging
Calbee's Potato Chips are instantly recognisable for their multi-hued designs but printing ink requires naphtha, an oil derivative for which Japan relies on imports from the Middle East for about 40 per cent of its consumption.
4 hours ago
Chinese AI firms push beyond Nvidia as DeepSeek turns to Huawei
The Chinese tech giant has said that it plans to release a chip for training this year
4 hours ago
Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says
HONG KONG, May 12 : Global hedge funds ramped up bets on Asia, with weekly buying of South Korean, Japanese and Taiwanese stocks hitting a 10-year high last week, according to a Morgan Stanley client note. Most of the equities buying "took place outside the U.S. with APAC driving the majority o ...
4 hours ago
SoftBank's OpenAI-related debt in focus as another strong quarter expected
TOKYO, May 12 : SoftBank Group is expected by analysts to report another robust quarterly profit on Wednesday as the technology investor benefits from its growing OpenAI bet, though concerns are increasing over the debt it is taking on to fund it.While SoftBank's "all-in" bet on OpenA ...
4 hours ago
Google scales up Singapore mosquito lab as AI takes on dengue
Nurdianah Md Nur - Google is expanding a Singapore lab that breeds mosquitoes, as part of a push to turn dengue control into a problem of robotics, software and industrial-scale production. The company's decade-old programme targeting mosquito-borne diseases, Debug, is upgrading its Singapore operation into its f ...
4 hours ago
UMS Integration up 14.4% after posting ‘strong’ double-digit sales growth in Q1
Therese Soh - It declares a S$0.01 per ordinary share a tax-exempt cash dividend, payable on Jul 24
5 hours ago
Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push
Surging spending on AI is leading tech giants to court investors beyond the US
5 hours ago
Global central banks’ use of reminbi swap lines hits 2‑year high amid rising demand for China’s currency
The latest increase highlights China’s drive for yuan internationalisation
5 hours ago
Global central banks tap most yuan swap lines with China in two years
The latest increase highlights China’s drive for yuan internationalisation
5 hours ago
Ford’s landmark CATL deal shows way for Trump, Xi to deepen ties
Salamat Sanwan - The two leaders have much else to discuss, from tariff rates to America’s attack on Iran and the energy crisis it’s caused
5 hours ago
Ford’s landmark deal with China EV battery maker CATL shows way for Trump, Xi to deepen ties
The two leaders have much else to discuss, from tariff rates to America’s attack on Iran and the energy crisis it’s caused
6 hours ago
OpenAI, Microsoft agree to cap revenue-sharing at $38 billion, The Information reports
May 11 : OpenAI and Microsoft agreed to cap total revenue-sharing payments at $38 billion, U.S. digital news outlet The Information reported on Monday, citing a person with knowledge of the arrangement.The development comes as OpenAI and Microsoft renegotiated a contract last month, making room for ...
6 hours ago
OpenAI to cap Microsoft revenue-sharing at $38 billion, The Information reports
May 11 : OpenAI's revenue-sharing payments to Microsoft are now capped at $38 billion, The Information reported on Monday, citing a person with knowledge of the arrangement. Reuters could not immediately verify the report.
6 hours ago
SIA Engineering up 4.4% on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
6 hours ago
SIA Engineering up over 4% on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier