18 minutes ago
Asian stocks erase gains, yen hits 40-year low
The MSCI Asia Pacific Index fell 0.2% as chipmakers such as Samsung Electronics and SK Hynix declined
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 minutes ago
Chinese tech manufacturers rush to list in Hong Kong, seeking up to HK$44.1 billion
The biggest of the five offerings is Shenzhen-listed Apple supplier Luxshare Precision Industry
39 minutes ago
Chinese tech manufacturers rush to list in Hong Kong, seeking nearly $6 billion
June 30 : Five Chinese technology and advanced manufacturing companies launched Hong Kong listings on Tuesday to raise up to HK$44.1 billion ($5.6 billion), one of the busiest days for new share sales this year, according to their company filings. The biggest of the five offerings is Shenzhen-listed ...
48 minutes ago
Oil falls as investors focus on potential Iran-US talks in Doha
June 30 : Oil prices dropped on Tuesday, with investors eyeing the outcome of potential U.S.-Iran talks in Doha amid weekend missile fire from both sides that tested an interim ceasefire to end the four-month-old war.Brent August crude futures, which expire on Tuesday, were down 1.03 per cent, or 75 ...
52 minutes ago
Global financial firms pivot to South Korea, cautious on China and India, survey shows
Singapore’s sustained appeal reflects its multipolar geopolitical positioning, ASIFMA says
59 minutes ago
Japan ready to respond to yen moves at any time, finance minister says
TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama said on Tuesday authorities stood ready to respond appropriately against currency moves at any time, in the wake of the yen's slide to a four-decade low."This includes taking decisive action, as confirmed between Japan and the U.S ...
59 minutes ago
Japan will build economic structure resilient to forex swings, govt spokesman says
TOKYO, June 30 : The Japanese government will build an economic structure that is resilient to foreign exchange fluctuations while standing ready to take action in the market if needed, Chief Cabinet Secretary Minoru Kihara said on Tuesday.Speaking at a regularly scheduled press conference, Kihara s ...
59 minutes ago
Dovish premier's 2nd appointee joins Bank of Japan board
TOKYO, June 30 : Prime Minister Sanae Takaichi's administration appointed Ayano Sato, seen as an advocate of loose monetary policy, as Bank of Japan board member on Tuesday, adding an important voice to debates over further rate increases.Ayano, a former academic, would be the second board memb ...
1 hour ago
Amazon sued by Australian consumer watchdog over Prime Video ads
Beyond annual service fees, subscribers had to pay extra monthly fees to avoid ads, the authority says
1 hour ago
Japan's Nikkei adds to record quarterly gain on tech rebound
TOKYO, June 30 : Japan's Nikkei share average climbed on Tuesday, powered by a rebound in technology stocks that have helped drive the gauge's record quarterly gains.The benchmark Nikkei 225 advanced 1.36 per cent to 70,416.02 in early trading. The index is poised for a 36 per cent gain in ...
2 hours ago
China misses out on AI boom as stocks trail by most since 2001
Hopes of the Chinese market shedding its boom-bust reputation have turned into disillusionment
2 hours ago
Stocks to watch: Aspial Corporation
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 30):
2 hours ago
Gold holds drop as US-Iran tensions weigh on inflation outlook
Spot gold is up 0.1% at US$4,018.84 an ounce
2 hours ago
Gold drops as traders watch Iran tensions for inflation outlook
Spot gold falls 1.8% to US$ 4,016.97 an ounce
2 hours ago
Japan's May factory output growth lagged forecasts
TOKYO, June 30 : Japan's factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday. Here are a few details.• Industrial output grew 0.5 per cent in May from the previous month, versus the median market forecast for a 1.1 per cent rise ...
2 hours ago
Super Micro raided as Taiwan expands chip smuggling probe
The move expands Taiwan’s first public AI-chip diversion crackdown after years of pressure from Washington
3 hours ago
Yen hits 40-year low in historic slide that’s rattled Japan
The currency weakness is boosting the profits of exporters, and in turn helping the nation’s stock market to record highs
3 hours ago
US House passes youth online safety legislation
June 29 : The U.S. House of Representatives passed legislation on Monday that would require online platforms to provide some safeguards for children, setting up a potential clash with the Senate where lawmakers support more stringent standards.Congress has taken increasing interest in preventing har ...
3 hours ago
Australia sues Amazon unit over alleged breach via Prime Video ads
June 30 : Australia's competition regulator said on Tuesday it has taken Amazon's Australian unit to court, alleging its Prime subscription contracts contained unfair terms that allowed the company to add advertising to Prime Video.The Australian Competition and Consumer Commission (ACCC) ...
3 hours ago
UK dilutes stablecoin capital requirement in final crypto rulebook
LONDON, June 30 : Britain's financial regulator said on Tuesday it would reduce its planned capital requirements for stablecoin issuers after industry pushback, as it unveiled regulations to bring the cryptoasset sector fully within its remit for the first time. Policymakers around the world ar ...
3 hours ago
Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing
June 29 : Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing.The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a re ...
3 hours ago
Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains
Brent crude futures settle up US$1.16, or 1.61%, at US$73.15 a barrel
3 hours ago
Uber, Waymo end robotaxi partnership in Phoenix
June 29 : Uber and Alphabet's Waymo have ended their self-driving partnership in Phoenix, Arizona, as the ride-hailing giant prepares to launch a new autonomous vehicle collaboration in the city.Under the partnership struck in 2023, Uber had integrated Waymo's autonomous vehicles into its ...
4 hours ago
European shares steady as tech gains offset Middle East caution
Tech sector has benefitted from the global AI rally, putting it on track for the biggest quarterly gains on the STOXX 600
4 hours ago
US and Iran peace negotiators head to Doha, meeting uncertain
Teheran to receive unfrozen assets, raising questions from congressional Democrats
4 hours ago
Wall Street ends higher as US, Iran attacks ease; major tech-related shares jump
SpaceX shares rise on Nasdaq 100 inclusion
4 hours ago
Commentary: Can America avoid a 'Jack Ma moment'?
The US government is skating close to its own Jack Ma moment, when a government wounds a tech leader seemingly out of spite, say these New York Times writers.
5 hours ago
Trading Day: Wall Street gains, Dow hits record closing high as fragile US-Iran truce holds
NEW YORK, June 29 : U.S. stocks followed their world counterparts higher on Monday, with the S&P 500 and the Nasdaq snapping five-day losing streaks and the blue-chip Dow notching an all-time closing high as the U.S. and Iran halted attacks and took steps toward de-escalation. I will go into mor ...
6 hours ago
Exclusive-NBCUniversal may enter video game business after Comcast split, sources say
June 29 - NBCUniversal is eyeing opportunities in digital gaming and new entertainment franchises as the company weighs options for future growth after its planned spinoff from Comcast, according to three people with direct knowledge of the matter. Comcast’s cable and connectivity business, meanwh ...
6 hours ago
Digital Realty to buy Blackstone's data center stake in deal valuing assets at $7.8 billion
June 29 : Digital Realty said on Monday it would acquire a majority stake in three fully leased Northern Virginia data centers from Blackstone-managed funds in a deal valuing the assets at $7.8 billion.The acquisition strengthens Digital Realty's position in Northern Virginia, the world's ...
6 hours ago
Digital Realty to pay Blackstone $3.5 billion for stake in Virginia data centers
June 29 : Digital Realty will acquire a larger stake in three data centers in Northern Virginia from asset manager Blackstone in a $3.5 billion cash-and-stock deal, the companies said on Monday.Under the deal, which is expected to close on Tuesday, the data center company will pay $1.2 billion of ca ...
6 hours ago
French parliament passes fast-fashion law to curb Shein and Temu
PARIS, June 29 : France's Senate passed a revised version of a bill on Monday aimed at curbing online fast-fashion retailers such as Shein, Temu, which is owned by PDD Holdings, and AliExpress, after more than two years of debate and discussion between the upper and lower houses of parliament a ...
7 hours ago
Apple says it is releasing updates early in response to AI cybersecurity concerns
WASHINGTON, June 29 : Apple said it is pushing forward a series of software updates that would previously have been bundled with a new version of its iOS operating system, making them available earlier than in previous cycles in response to AI-driven security concerns.The company told Reuters on Mon ...
9 hours ago
Honda explores euro bond sales of over $2.5 billion to pay parts makers, Nikkei reports
June 29 : Honda Motor is exploring issuing euro-denominated bonds expected to total over 400 billion yen ($2.47 billion) to fund payments to auto parts makers, the Nikkei newspaper reported on Monday. The report said the automaker is likely to use the funds to compensate parts makers after revising ...