RHB expects ‘decent’ 2QFY2026 from OCBC, lifts target price to $29.80
Felicia Tan - The Singapore research team at RHB Bank Singapore is expecting Oversea-Chinese Banking Corporation (OCBC) to report a “decent” set of results for the 2QFY2026 ended June, after meeting with the bank’s management for an update. As such, the team has kept its “buy” call with a higher target ...
SpaceX's near-term AI payoff seen tethered to Earth, not outer space
July 10 : Elon Musk may have pitched a future where space powers AI, but Wall Street analysts say SpaceX's near-term value remains firmly tethered to Earth, where it is building out the infrastructure underpinning the AI boom.Infrastructure providers, particularly data centers, are poised to be ...
Yen climbs as Japan lures pension funds into domestic assets
[LONDON/SINGAPORE] The yen bounced on Friday (Jul 10) on news that Japan plans to encourage pension funds to increase their holdings of...
Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility
TAIPEI, July 10 : Taiwanese chip-testing company King Yuan Electronics (KYEC) plans to invest up to $1.4 billion to establish a facility in the United States, the supplier to chipmaker Nvidia said on Friday.King Yuan Electronics said the investment is intended to support operational growth and stren ...
Philippine Air to order 15 Boeing 787-10 and nine Airbus A350-1000
PARIS/MANILA, July 10 : Philippine Airlines (PAL) is poised to order 15 Boeing 787-10 aircraft and nine Airbus A350-1000 jets, marking its first Boeing purchase in almost 20 years, industry sources said on Friday.The orders are expected to be announced at the Farnborough Airshow this month. The deci ...
Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says
July 10 : Derivatives exchange Cboe Global Markets expects to list options on SK Hynix's U.S.-listed shares two business days after the stock's trading debut, a source familiar with the matter told Reuters on Friday.The South Korean chipmaker, which raised $26.5 billion in share sale, is s ...
Suntec Reit appoints Celine Tang as board chairman, non-executive director
Tan Nai Lun - She will also be appointed to the board’s nominating and remuneration committee
Indonesia’s Amman Mineral said to consider Hong Kong listing
Amman Mineral is seeking to hire banks to work on the Hong Kong offering
South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York
SEOUL, July 10 : When South Korean billionaire Chey Tae-won attends a bell-ringing ceremony on Friday for SK Hynix's $26.5 billion Nasdaq listing, it will mark the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse.SK Group ...
Circle wins final regulatory approval to establish US trust bank, shares rise
July 10 : Circle said on Friday it has received a final regulatory approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, sending the stablecoin giant's shares surging 10 per cent in premarket trading.Here are some details: • The charter allows Ci ...
Preventive health offers new opportunities in private healthcare as patient needs develop: IHH
Evan See - The private healthcare provider launches programme focusing on personalised preventive health, longevity
UK to regulate cloud service providers Microsoft, Google and others to protect financial stability
LONDON, July 10 : Britain on Friday designated cloud service providers Microsoft, Google, Amazon and Oracle as 'critical third parties', bringing them under direct regulatory oversight to protect the country's financial system."As banks, insurers and financial market infrastructu ...
EU tells Instagram, Facebook to change addictive features or risk fines
BRUSSELS, July 10 : The EU charged Meta Platforms' Instagram and Facebook on Friday with breaching its tech rules, with regulators targeting features they say are designed to keep users hooked and demanding changes to autoplay and infinite scroll or risk fines.The European Commission's pre ...
Singapore stocks rise as banks hit new highs; STI up 0.7%
Across the broader market, gainers outnumber losers 350 to 221
SoftBank, PayPay in talks to invest in Seven & i, Bloomberg reports
TOKYO, July 10 : SoftBank Corp and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings, Bloomberg News reported on Friday.The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may al ...
Shein wins Chinese approval for Hong Kong IPO
Shein’s last private fundraising round in May 2023 valued it at US$66 billion
Shein is said to move ahead with preparations for Hong Kong IPO
It may seek to launch the offering as soon as in the coming months, if regulatory approval is secured
Global Invacom announces investigation into suspected theft of components
Teo Zheng Long - UK-based but Singapore-listed satellite company Global Invacom Group (SGX: QS9 ) has been alerted on July 7 regarding a suspected theft of both its own and customer-owned components valued at approximately US$700,000 ($903,000) at cost, from its sub-contract manufacturer’s facilities in the Philip ...
How social enterprises can play a crucial role in mining of critical minerals
Vivien Ang - Traceability and responsible sourcing, local economic development are among the benefits
EnGro Corp expects ‘significant improvement’ in its 1HFY2026 earnings
Teo Zheng Long - EnGro Corporation (SGX: S44 ) expects to report a “significant improvement” in its net profit for 1HFY2026 ended June 30. The company says that the improvement is primarily driven by higher sales volume from its core businesses and the increase in unrealised fair value gains in its venture capit ...
'Powerhouse' Singapore continues world domination as maritime centre for 13th consecutive year
Lin Daoyi - The world’s leading maritime centre is once again Singapore according to the 2026 Xinhua-Baltic International Shipping Centre Development (ISCD) Index. The Lion City has topped the ranking since the annual report was first published in 2014. Jointly published by the Baltic Exchange and China’s X ...
Binance eyes more Asia licences as crypto adoption grows, says co-CEO
The cryptocurrency exchange's co-CEO Richard Teng believes blockchain will be the future of financial services, but says wider adoption will depend on greater regulatory clarity and increased institutional participation.
BOJ may raise growth forecast, maintain vigilance to inflation risk
It’s due to release its quarterly report, including fresh growth and price forecasts, this month
BOJ may raise growth forecast, maintain vigilance to inflation risk, sources say
TOKYO, July 10 : The Bank of Japan may revise up its economic growth forecast for fiscal 2026 and keep its focus on the risk of an inflation overshoot as rising costs from a weak yen and strong AI demand offset some of the declines in oil prices, said three sources familiar with its thinking.The BOJ ...
Australian shares snap four-day decline as miners, banks rise
[SYDNEY] Australian shares snapped a four-day losing streak on Friday (Jul 10) after an upbeat session on Wall Street, even as a...
Price retreat offers buying opportunity for CNMC Goldmine: Lim and Tan
Lin Daoyi - Lim and Tan Securities believes that CNMC Goldmine’s recent price weakness offers an opportunity for investors to enter the counter. Analyst Chan En Jie maintains the company’s “buy” rating at a higher valuation of $1.90 in his July 10 report compared to the previous $1.53 target. At current ...
Labour faction blocks Volkswagen rescue plan: sources
CEO Oliver Blume is battling to make the sprawling automotive group leaner in the face of growing competition
Volkswagen rescue plan 'short on specifics' after tense stakeholder talks
Volkswagen is under unprecedented pressure to restructure its business model
SK Hynix set for marquee US debut in test for AI appetite
July 10 : SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, p ...
SK Hynix's marquee US debut to test AI appetite
July 10 : SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, p ...
Deloitte Singapore set to move out of Shenton Way base to new campus at Orchard Central in 2027
Ry-Anne Lim - The consultancy will be occupying JustCo’s new co-working space in Orchard in the interim
Italian aristocrat sells Neil Road shophouse pair for S$40.88 million
Kalpana Rashiwala - A Singapore vehicle linked to Luca Padulli paid S$17.5 million in 2011 for the freehold property, which was extensively restored
Hanwha Ocean sold around $2 billion in dollar-won forward market, source says
SEOUL, July 10 : South Korean shipbuilder Hanwha Ocean sold around $2 billion in the dollar-won forward market on Friday, a source familiar with the matter told Reuters. Hanwha Ocean was not immediately available to provide official comment. The source declined to be identified due to the sensitivit ...
GIC announces senior leadership appointments, including deputy group CIOs
Deon Loke - Changes will come into effect on Oct 1
