17 minutes ago
Real estate firm Ohmyhome’s journey over the past 10 years
Chloe Lim - The sale of its main brokerage business for US$1 is the latest in a string of issues since its Nasdaq listing
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 minutes ago
Swatch claiming $170 million in damages against Samsung over trademark infringement, FT reports
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages in a lawsuit against Samsung in which it claims the South Korean electronics giant allowed digital clones of Swatch watches on Samsung smartwatches, the Financial Times reported on Friday citing court documents.A British judge is e ...
50 minutes ago
China securities regulator ordered cross-border swap curbs, sources say
China’s TRS exposure is about 500 billion yuan (S$95.1 billion), mostly in overseas equities
1 hour ago
Inflation worries overtake trade war as top concern of reserve managers: UBS Asset Management survey
The Edge Singapore - Persistent inflation and uncontrolled rise in long-term yields have displaced worries over the trade war as the top risk impacting the global economy, according to UBS Asset Management, citing its annual survey of reserve managers, with 82% of them citing this worry. Trade war escalation, which was ...
1 hour ago
SJ Group CEO Sean Chiao to retire on July 31; global search underway for next chief
Jovi Ho - Surbana Jurong Group (SJ Group) group CEO Sean Chiao will retire and step down from the board of SJ Group, effective July 31. Chiao has led SJ Group since April 2023. He had moved from his previous role as CEO for buildings and places, a global business line at infrastructure consulting firm Aecom. ...
1 hour ago
France's statistics department reports cyberattack on staff data
PARIS, June 26 : France's national statistics department Insee said a cyberattack had led to a breach of personal data from its directory, affecting about 12,800 current and former staff and members of Insee-related civil service corps.Insee said the breach involved identities and professional ...
2 hours ago
South Korean shares post worst week since March on US tech selloff
Circuit breakers were activated for the fifth time this year
2 hours ago
Volkswagen CEO aims to cut up to 100,000 jobs in the next few years
It will discontinue production at four of the group’s German plants
2 hours ago
Tech weakness sends weekly global equity fund inflows sharply lower
June 26 : Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S. Federal Reserve cooled risk appetite.Investors purchased a net $7.51 billion worth of global equity funds during the week, down about 86 per c ...
2 hours ago
Nikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report
SoftBank fell 12.53 per cent
2 hours ago
Resilient dollar takes a step back, markets still wary of yen intervention risk
LONDON, June 26 : The dollar was a touch softer against other major currencies on Friday as fresh economic data and Federal Reserve comments led markets to pare rate-hike bets, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still poised to end ...
2 hours ago
UK’s Crown Estate profits fall as offshore wind fees decline
The value of the Crown Estate portfolio increased 11.3 per cent to £16.7 billion last year
2 hours ago
Thailand central bank chief says no need to raise rates now
Inflation should stay within the target range of 1% to 3% this year and next year
2 hours ago
European shares slip on global tech slump; Zalando down on regulator action
Asian stocks fell overnight
2 hours ago
‘One of the worst accidents I could imagine’: Ex-Dyson chief Roland Krueger on polar exploration, crisis management and leadership
Derryn Wong - The German, who has held roles at BMW and Infiniti, pioneered a new skiing route in Antarctica last yearÂ
3 hours ago
Morgan Stanley sees US$5.5 trillion Asia energy investment boom driven by AI, energy security
Benicia Tan - The bank projects up to US$9 trillion in investment opportunities; coal and natural gas could make a comeback
3 hours ago
Maybank taps Evooq to improve wealth management service delivery
The Edge Singapore - Maybank has announced a strategic partnership with Evooq, a next-generation wealth technology provider from Switzerland, to strengthen its wealth management capabilities through the deployment of AI-powered advisory solutions across its regional franchise. The partnership marks a "significant m ...
3 hours ago
Hyundai to recall over 96,000 US vehicles over faulty instrument panel display, NHTSA says
June 26 : Hyundai Motor is recalling 96,300 vehicles in the U.S. over a software error that may cause the instrument panel display to fail, the U.S. National Highway Traffic Safety Administration said on Friday.Here are some details:• An instrument panel display that has failed to show critical sa ...
3 hours ago
Kawasaki Heavy to form technical tie-up with Airbus for defense drones, Nikkei reports
TOKYO, June 26 : Japan's Kawasaki Heavy Industries will form a technical tie-up with Airbus Defence and Space for defence drones, the Nikkei business daily reported on Friday.The deal marks the first time a Japanese heavy industry firm has partnered with a foreign major on defense drones, the p ...
3 hours ago
Airbus and Kawasaki Heavy to cooperate on Japanese variant of Eurodrone
TOKYO, June 26 : Airbus has signed a preliminary agreement with Japan's Kawasaki Heavy Industries to cooperate on a possible Japanese variant of a European defence drone, the aerospace company said on Friday.The proposed arrangement in the memorandum of understanding, first reported by the Nikk ...
3 hours ago
How high-net-worth individuals in Asia are doing legacy planning
Chloe Lim - Asset types used in legacy planning include jumbo life insurance, property, alternative assets and stocks and bonds
4 hours ago
Italy regulator probes Microsoft over 'Microsoft 365' price hike
ROME, June 26 : Italy's antitrust authority said on Friday it had opened an investigation into Microsoft over alleged unfair commercial practices linked to the price hike of its "Microsoft 365" subscription. The regulator said the Windows maker did not adequately inform consumers that ...
4 hours ago
Honda CEO apologises for company’s loss, wins investor backing at annual meeting
The company is seeking to recover from costly strategic missteps after posting its first annual loss in seven decades last month
5 hours ago
Kioxia shares slump 12% as AI-related stocks fall
TOKYO, June 26 : Shares of Japanese chipmaker Kioxia slid 12 per cent on Friday after a report that ChatGPT maker OpenAI was considering delaying its initial public offering sparked a selloff in AI-related shares.Kioxia, previously called Toshiba Memory and carved out of Toshiba in 2018, is a major ...
5 hours ago
CPTPP ministers welcome US-Iran deal, urge safe passage through Strait of Hormuz
The ministers also reaffirmed plans to expand the trade pact and strengthen supply chain resilience.
5 hours ago
GCash owner seeks up to 92.3 billion pesos in record Philippine IPO
The country’s biggest mobile wallet has 90 million registered users
5 hours ago
Frasers Property looks to enhance EPS, ROE and NAV with cash infusion from TCCGI
Goola Warden - After taking Frasers Hospitality Trust (FHT) private in September last year, Frasers Property (FPL) has announced a transaction to lighten its balance sheet. FHT owned 14 assets, which FPL acquired as part of the privatisation. To unlock capital, of these 14, five will be divested to TCC Group Inves ...
5 hours ago
Singapore factory output rises 13% in May, misses forecasts
Low Youjin - Output in the key electronics sector is up 35.8%, easing from April’s 40.3% increase
5 hours ago
Singapore factory output growth eases to 13% in May; electronics to remain key driver
Low Youjin - Output in the key electronics sector is up 35.8%, easing from April’s 40.3% increase
5 hours ago
Chip players in Singapore ride AI wave to bump up investments in semiconductor ecosystem
Lionel Lim - Applied Materials is the latest firm to expand operations in the Republic, citing similar ventures by customers
5 hours ago
Defying gravity: Addvalue pursues further growth in space sector
The Edge Singapore - Addvalue Technologies has seen a steady pick-up in orders amid rising global interest in the space economy. Over the past year, its share price has enjoyed a gain of some 1,450% and at the June 24 closing price of 13.7 cents, its market cap is above $500 million. Its shares are often among the most ...
5 hours ago
Nobel Laureate Aghion steps into the ring, fighting for European innovation and AI
Lin Daoyi - Despite just being shy of his seventh decade, 2025 Nobel laureate Philippe Aghion is doubling down on his stance that competition is a driving force of innovation, urging Europe to embrace the artificial intelligence (AI) revolution and championing policy reform to encourage AI development and adopt ...
6 hours ago
It’s steady-drip growth for this instant coffee maker
Felicia Tan - Food Empire's CEO Sudeep Nair explains how each wave of challenges, from rising costs to forex volatility, has made the company stronger. Getting to meet CEO Sudeep Nair of Food Empire Holdings (SGX: F03 ) in person is tough. There is a narrow window of time to catch him in Singapore before heâ ...
6 hours ago
Serial Achieva’s Victoria Goh navigates trade rules and charts growth path amid AI wave
Kwan Wei Kevin Tan - Thanks to the AI boom, chip makers are enjoying strong demand for their products. Selling them, however, can be a tricky business. The US, under both the Biden and Trump administrations, have imposed tight restrictions on the sale of chips to China. While some of those restrictions appeared to have ...