20 minutes ago
DFI Retail Group Q1 underlying profit from continuing businesses up 49%
Chong Xin Wei - It expects FY2026 underlying profit to be between US$270 million and US$300 million
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
30 minutes ago
Apple's post-Cook future hinges on whether Ternus can ignite AI growth
April 21 : Apple's leadership change is the start of a new phase for the iPhone maker, in which the focus will be on whether its deep hardware heritage can be successfully fused with AI to sustain growth in a fast-evolving tech landscape, Wall Street analysts said.Apple faces mounting AI‑driv ...
48 minutes ago
OUE Reit posts 8.4% rise in Q1 NPI to S$57.6 million
Chong Xin Wei - This comes amid stronger contributions from its commercial and hospitality segments
1 hour ago
Hong Leong Asia pays $90.7 mil for household shelter supplier Yong Tai Loong
The Edge Singapore - Hong Leong Asia has paid $90.7 million in cash for privately-held Yong Tai Loong, a supplier of household shelters and other building materials. Yong Tai Loong, according to Hong Leong Asia, has six decades of history and is one of the five household shelter suppliers approved by HDB. The acquisitio ...
1 hour ago
Trendlines portfolio company Celleste Bio introduces world’s first milk chocolate bars with cell-cultured cocoa butter
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, Celleste Bio, successfully produce the world’s first milk chocolate bars made with real cocoa butter using cell suspension culture technology. Major multinational snack company, Mondelēz International, used the co ...
1 hour ago
DFI's underlying profit from continuing operations up 49% y-o-y in 1QFY2026
The Edge Singapore - Driven by strong performances in its health & beauty and home furnishing segments, DFI Retail Group has reported a 12% y-o-y growth in its continuing businesses for the first quarter this year. Coupled with "disciplined" cost control and lower financing costs, the company managed to im ...
2 hours ago
Singapore blue chips rise marginally, in line with regional showing
Tay Peck Gek - STI gains 0.2% or 10.89 points to finish at 5,014.96
2 hours ago
US Supreme Court to assess FCC power to fine in clash with wireless carriers
WASHINGTON, April 21 : The U.S. Supreme Court is set on Tuesday to hear a dispute involving fines imposed by the Federal Communications Commission on major U.S. wireless carriers for their alleged failure to safeguard customer data in the latest case to reach the justices challenging the powers of a ...
2 hours ago
China's Victory Giant jumps 50% in Hong Kong debut after US$2.6 billion offering
HONG KONG: Shares of Chinese circuit board maker Victory Giant Technology closed 50.1 per cent higher in their Hong Kong debut on Tuesday (Apr 21), after raising HK$20.1 billion (US$2.6 billion) in a share sale in the city's biggest listing in about seven months.Shares of the company, based in ...
2 hours ago
Thales first-quarter sales jump nearly 10% as defence deliveries surge
April 21 : Europe's largest defence technology group Thales on Tuesday reported first-quarter sales well above analyst forecasts, with revenues rising nearly 10 per cent organically driven by surging defence deliveries.The group posted quarterly sales of 5.32 billion euros ($6.27 billion), up 9 ...
2 hours ago
Suntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war
Ry-Anne Lim - Wait-and-see stance and cautious spending slow bookings, but pipeline remains steady with no cancellations
3 hours ago
Space investment in first quarter hits record as SpaceX IPO buzz lifts sector
April 21 : Global investment in space companies surged to a record in the first quarter of 2026, driven by larger late-stage financing and growing investor enthusiasm over SpaceX's public market debut, data from investment firm Seraphim Space showed on Tuesday.Funding reached $7.95 billion duri ...
3 hours ago
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
Koh Kim Xuan - CICT’s acquisition of Paragon mall cements its dominance in Singapore’s retail space, say analysts
3 hours ago
UK regulator investigates Telegram over child sexual abuse concerns
LONDON, April 21 : Britain's communications regulator on Tuesday launched an investigation into Telegram after evidence suggested child sexual abuse material was being shared on the platform and teen chat sites were being used by predators to groom children. The watchdog, Ofcom, said it had als ...
3 hours ago
NASA rover adds to the list of organic compounds detected on Mars
WASHINGTON, April 21 : Performing a type of experiment never before tried beyond Earth, NASA's Curiosity rover has identified more organic compounds on Mars as scientists strive to learn whether the Red Planet ever harbored life.Five of the seven diverse organic compounds confirmed by the six-w ...
3 hours ago
US dollar edges higher as Iran ceasefire deadline approaches
April 21 : The U.S. dollar edged higher on Tuesday after falling the day before as uncertainty over Middle East peace talks kept investors on the sidelines.The United States expressed confidence that peace talks with Iran would go ahead in Pakistan, but significant hurdles remain as the end of a two ...
4 hours ago
Centurion Corp's A$45 mil acquisition of miners' dorm in Australia is akin to a 'toll road': UOBKH
The Edge Singapore - Adrian Loh of UOB Kay Hian has kept his "buy" call and $1.90 target price on Centurion Corp after the dormitory operator acquired an asset in Australia for miners for A$45 million. "We view this as a strategic opportunity to acquire an operational, income-generating asset at appraised ...
4 hours ago
Here are SGX’s top 10 dividend and best-performing ETFs in the volatile first quarter
Koh Kim Xuan - Amid US-Venezuela tensions, Iran conflict, what ETFs, including dividend-paying ETFs, are top performing?
4 hours ago
Sony, Honda scale back EV venture after Afeela halt
TOKYO, April 21 : Sony Group, Honda Motor and their joint venture Sony Honda Mobility said on Tuesday they have decided to scale down the venture's operations, after scrapping plans for its Afeela electric vehicles last month.• Employees at Sony Honda Mobility are expected to be reassigned to ...
4 hours ago
Musk bought $1.4 billion SpaceX shares last year, The Information reports
April 21 : Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion worth of stock from current and former employees, The Information reported on Tuesday. The secondary stock purchase, made through Musk's trust, was disclosed in a draft of SpaceX's confidential IPO pros ...
5 hours ago
CATL share sale’s tightening discount shows China tech momentum
The inquiry‑based sale of 58 million shares, or 1.27% of CATL’s total shares
5 hours ago
Exclusive-Musk and insiders to retain voting control of SpaceX after IPO, filing shows
NEW YORK, April 20 : SpaceX plans to cement founder Elon Musk's control after its IPO, granting him and a small group of insiders super-voting shares that will outweigh other investors, according to excerpts of the company's IPO filing reviewed by Reuters.The prospectus, which was confiden ...
5 hours ago
German central bank chief calls for wide access to Anthropic's Mythos
FRANKFURT, April 21 : German central bank chief Joachim Nagel called on Tuesday for all institutions to have access to Anthropic's artificial intelligence model Mythos to keep the playing field even and to avoid it being misused. The Bundesbank head said banking authorities must act to prevent ...
5 hours ago
Europe must prevent misuse of Anthropic's Mythos, Bundesbank chief warns
FRANKFURT, April 21 : Banking authorities must prevent the misuse of Anthropic's Mythos, its most advanced AI model to date, which opens the door to new and sophisticated cyber risks, Bundesbank President Joachim Nagel said on Tuesday."Mythos is an AI model that appears capable of quickly ...
5 hours ago
BOJ sees Japan's financial system stable, warns of Middle East, non-bank risks
TOKYO, April 21 : Japan's financial system maintains overall stability, but it's necessary to monitor the impact of developments in the Middle East and the rising activities of foreign non-banks, the central bank said on Thursday."Stress affecting non-banks in terms of credit or liqui ...
5 hours ago
BOJ warns prolonged Mideast tensions could raise costs, corporate defaults
TOKYO, April 21 : Japan needs to be vigilant against risks to its financial system stemming from developments in the Middle East, the central bank said on Tuesday, warning that prolonged tensions could keep energy costs elevated and increase corporate defaults."Japan's financial system has ...
5 hours ago
Hong Kong flight capacity set to rise 10% on China, South Korea demand
Global capacity for May has been reduced by about three percentage points, according to data
6 hours ago
EssilorLuxottica faces test to grow smart glass sales without hurting margins
MILAN, April 21 : Franco-Italian eyewear group EssilorLuxottica is facing growing pressure from investors to show how it can scale up its ambitions for smart glasses without sacrificing margins.The eyewear maker has benefited from being a first mover in AI-powered glasses, and in recent quarters sal ...
6 hours ago
Analysis:Biofuels back in vogue as Iran war triggers oil price surge
LONDON, April 21 : Soaring oil prices in the wake of the U.S.-Israeli war on Iran are driving renewed demand for biofuels as the need to tackle a fossil fuel shortage outweighs concerns that using crops for fuel will drive up food prices.The conflict has disrupted about 20 per cent of the world' ...
6 hours ago
Hong Kong bourse plans to start zero-day options in early 2027
Known as 0DTEs, the instruments allow traders to express short-term views and make tactical bets on intraday market moves and events
6 hours ago
Exclusive-SpaceX president Shotwell earned $85 million last year, document shows
NEW YORK, April 21 : SpaceX President Gwynne Shotwell earned $85.8 million in total compensation last year, a company prospectus showed, placing her among the highest‑paid U.S. executives.Shotwell, who is also chief operating officer, earned a salary of $1 million, with most of her compensation co ...
6 hours ago
France's Atos narrows revenue forecast after quarterly drop
April 21 : Atos, the French tech group that provides IT services to the National Health Service in Britain and to the Olympics, narrowed its annual revenue forecast on Tuesday after organic revenue fell 11 per cent in the first quarter due to market softness.The company now expects its organic reven ...
6 hours ago
The gloves are coming off in Europe’s biggest banking takeover
After high-level deal talks between UniCredit and Commerzbank broke down, the Italian lender is taking its pitch directly to shareholders
6 hours ago
Keeping Singapore open, investing in people are key to the city-state being competitive in a changing world: DPM Gan
Tay Peck Gek - [SINGAPORE] The key for Singapore to remain competitive in a world where rules are increasingly shaped by national security is to be...