18 minutes ago
STI dips 0.4% as investors are concerned about war and inflation
Tay Peck Gek - Benchmark Straits Times Index falls 21.25 points to finish at 4,922.86
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
29 minutes ago
Mitsubishi Electric considers alliance with Foxconn for joint automotive equipment operation
TOKYO, April 24 : Mitsubishi Electric signed a memorandum of understanding with Foxconn on Friday to explore a strategic alliance covering their automotive equipment businesses, with Mitsubishi Electric considering transferring a 50 per cent stake in its automotive unit to the Taiwanese manufacturer ...
31 minutes ago
Warburg Pincus-backed PDG taps Goldman for stake sale: sources
Other investment firms and industry players have shown interest in the data center operator
36 minutes ago
RHB raises target price for OCBC to $24.65 despite NIM pressure
The Edge Singapore - RHB Bank Singapore has raised its target price for Oversea-Chinese Banking Corp to $24.65 from $23.45, even though the upcoming 1QFY2026 patmi to be announced on May 8 is seen to be "marginally" lower y-o-y on lower net interest margin, but up q-o-q following a seasonally slower fourth qua ...
42 minutes ago
Samsung's chip output drops overnight as workers protest over pay, union says
SEOUL, April 24 : Samsung Electronics' production of foundry and memory chips at its facilities in South Korea dropped 58 per cent and 18 per cent, respectively, during the overnight shift on Thursday as unionised workers attended a protest demanding higher wages, the company's union said. ...
42 minutes ago
Samsung's chip output dropped amid workers' rally, union says
SEOUL, April 24 : Production of foundry and memory chips at Samsung Electronics's facilities in South Korea dropped 58 per cent and 18 per cent, respectively, during the overnight shift on Thursday as unionised workers attended a rally demanding higher wages, the company's union said. Sams ...
50 minutes ago
Analysis:At SpaceX, AI is burning the cash that Starlink earns
April 24 : Elon Musk is touting SpaceX as humanity's ticket to Mars. But the company's pitch to investors for a potentially historic IPO reveals that its main business will be the same as Big Tech: building artificial intelligence.The difference is in how the companies fund the spending. W ...
1 hour ago
Sheng Siong says it will keep prices affordable amid Iran war cost pressures
The supermarket also said it does not foresee any major disruptions that would materially affect the availability of essential products at its stores.
1 hour ago
Cosmo tanker could reach Japan on Sunday with first US shipment post-Iran war
TOKYO, April 24 : A tanker carrying U.S. crude for Cosmo Oil is expected to arrive near Tokyo as early as Sunday, Japan's industry ministry said, marking the country's first such shipment secured after the Iran crisis began.The tanker, loaded in Texas on March 22, is due to arrive off Chib ...
1 hour ago
Intel set for record high as AI-driven CPU demand powers upbeat forecast
April 24 : Intel shares jumped more than 22 per cent in premarket trade on Friday as the chipmaker's robust revenue outlook signaled strong demand for the hardware needed to run advanced AI models.If gains hold through close, the shares are set to hit a record high for the first time since 2000 ...
1 hour ago
Intel soars on signs AI boom for CPUs is here
April 24 : Demand for Intel's central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company's shares soaring on Friday.The stock was 28 per cent higher at $85 in pre ...
1 hour ago
DBS, UOBKH maintain respective 'buy' calls on Digital Core REIT
The Edge Singapore - Digital Core REIT’s 1QFY2026 net property income dipped by 4.9% y-o-y and distributable income flat, but analysts remain upbeat that the REIT will see upside from here with leasing momentum going ahead. In his April 23 note, Dale Lai of DBS Group Research notes that the REIT’s portfolio occupanc ...
2 hours ago
DeepSeek unveils flagship AI model a year after breakthrough
The V4 Flash and V4 Pro come with several architecture upgrades and optimisation improvements
2 hours ago
Hospitality veterans David Michels, Howard Panter appointed to Millennium & Copthorne board
Therese Soh - This follows the resignation of three directors linked to CDL’s high-profile boardroom tussle
2 hours ago
Electrolux shares fall 24% as it swings to quarterly loss on US demand slump
STOCKHOLM, April 24 : Shares of Electrolux fell by nearly a quarter on Friday after the appliance maker reported an unexpected first-quarter loss, hours after announcing a $1 billion rights issue and a North American tie-up with Chinese rival Midea.Electrolux, which has struggled in the face of weak ...
2 hours ago
Turkey passes law banning social media use for under-15s
ISTANBUL, April 24 : Turkey's parliament late on Wednesday passed legislation that bans the use of social media by people under the age of 15 and introduces new rules for digital platforms, including game software companies. The bill amends the Social Services Law and several other laws.• The ...
3 hours ago
OCBC, DBS, CGSI maintain positive views on OUE REIT
The Edge Singapore - Analysts continue to like OUE REIT after it reported 1QFY2026 numbers with net property income and revenue up by 8.4% y-o-y and 6.7% respectively, thanks to a strong rebound in its hospitality segment and resilient performance from the commercial portfolio. While OUE REIT has recently expanded into ...
3 hours ago
OCBC, DBS maintains positive views on OUE REIT
The Edge Singapore - Analysts continue to like OUE REIT after it reported 1QFY2026 numbers with net property income and revenue up by 8.4% y-o-y and 6.7% respectively, thanks to a strong rebound in its hospitality segment and resilient performance from the commercial portfolio. While OUE REIT has recently expanded into ...
3 hours ago
Nomura posts record full-year profit on Japan market rebound
Net income rose 2.7% from a year earlier to 73.9 billion yen in the three months ended March 31
3 hours ago
Lim and Tan shoots $1.35 target price. Is Olam ripe for the picking?
Lin Daoyi - Few companies are as enigmatic as food and agriculture platform Olam Group. Surviving a negative report from short-seller Muddy Waters, the company received a vote of confidence when Singapore sovereign wealth fund Temasek increased its stake in the company to more than 80% via a voluntary general o ...
3 hours ago
Singapore gas supply secure; higher power prices may benefit units: Sembcorp
Deon Loke - Sembcorp Power, Senoko Energy may gain from selling excess capacity into the spot market
3 hours ago
Minneapolis campaigners press Swiss National Bank to dump Palantir investment
BERN, April 24 : The Swiss National Bank should sell its $1.1 billion stake in Palantir Technologies, campaigners from Minneapolis said at a meeting of the central bank on Friday, citing the firm's involvement in U.S. immigration enforcement operations.The SNB held 6.24 million Palantir shares ...
3 hours ago
Geely's Caocao to deploy thousands of fully customised robotaxis in 2027
BEIJING, April 24 : Caocao Inc, the ride-hailing arm of Chinese automaker Geely Holding Group, plans to deploy thousands of robotaxis globally next year, its CEO said on Friday, setting up a potential rivalry with Tesla's Cybercab.Large-scale delivery and deployment of the Geely-made purpose-bu ...
3 hours ago
Mitsubishi Motors recalls over 108,000 vehicles in the US over liftgate issue
April 24 : Mitsubishi Motors is recalling 108,046 vehicles in the U.S. as a ruptured gas spring cylinder or an unexpected falling liftgate could increase the risk of injury, the U.S. National Highway Traffic Safety Administration said on Friday.The recall affects some of the company's Outlander ...
3 hours ago
Japan's Nikkei closes at record high as tech earnings overshadow Mideast concerns
[TOKYO] Japan’s Nikkei set a closing record high on Friday (Apr 24), capping a third consecutive weekly gain, as enthusiasm over technology...
4 hours ago
Aster to explore new Singapore facility turning used motor oil into high-grade products
Sharanya Pillai - The facility could establish Singapore as an Asian hub for sustainable lubricants
4 hours ago
Riding AI ‘gold rush’: Vietnam tungsten giant courts foreign investors ahead of planned mainboard listing
Jamille Tran - Masan High-Tech Materials plans to ramp up metal output from its Vietnam mine to tap ex-China supply gap for strategic industries
4 hours ago
TotalEnergies to invest in $1.2 billion power project in Kazakhstan
(Corrects paragraph 2 to say the project is expected to reach full capacity in 2029, not to fully launch in that year)April 24 : French energy major TotalEnergies on Friday agreed to invest in a Kazakhstan-based onshore wind and energy storage project valued at $1.2 billion, with roughly 75 per cent ...
4 hours ago
TotalEnergies approves Kazakh renewable project despite disputes
April 24 : French oil major TotalEnergies on Friday approved a $1.2 billion investment in a 1 gigawatt wind farm in Kazakhstan, pressing ahead despite ongoing legal disputes in the country.The final investment decision on the Mirny project comes as TotalEnergies contests a $4.6 billion environmental ...
4 hours ago
Nomura posts record annual profit, sees no prolonged impact from Iran war so far
TOKYO, April 24 : Nomura, Japan's largest investment bank and brokerage, on Friday reported a record annual profit for the second year in a row and said the U.S.-Israeli war on Iran has not disrupted structural growth factors in its home market.The firm has been engaged in a multi-year effort t ...
4 hours ago
Nomura posts slim Q4 profit rise but annual earnings hit record
TOKYO, April 24 : Japan's largest investment bank and brokerage Nomura reported a 3 per cent rise in fourth-quarter net profit on Friday, as wealth management-related revenues rose and its wholesale division capitalised on buoyant markets and dealmaking.Nomura's net income rose to 73.9 bil ...
4 hours ago
UK's Computacenter forecasts strong year as AI and data centre demand lifts orders
April 24 : British technology and services provider Computacenter said on Friday it would beat annual profit forecasts, as clients brought forward hardware orders amid supply shortages linked to a data centre and artificial intelligence investment boom.Shares in the company, which helps large organi ...
5 hours ago
DBS launches enhanced generative AI programme to fast-track SME adoption
Jermaine Fok - The programme builds on its Spark GenAI initiative launched in 2024, and offers a more structured approach to AI transformation
5 hours ago
The Great Singapore Office Sale: what’s driving the surge in deal activity in the office market?
Kalpana Rashiwala - Lower interest rates are helping to fuel a resurgence in Singapore office investment sales. But will there be takers for all these...