35 minutes ago
Engie Factory Asia-Pacific acquired by New Zealand venture capital firm Pacific Channel
Chloe Lim - The VC company has been investing in climate tech ventures via Engie Factory since mid-2020
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
Chinese tech giants dangle record pay packets to court Singapore-trained AI graduates
China’s recruitment drive reflects a stark talent shortage in its all-important AI industry
2 hours ago
Aramco to transfer PRefChem stakes to Malaysia’s Petronas
The deal underscores how the Iran war is reshaping energy partnerships across Asia
2 hours ago
US forces launch strikes on targets in southern Iran even as peace talks in Qatar proceed
US targets also included missile launch sites and boats attempting to lay mines
2 hours ago
Teheran’s top envoys in Qatar for talks on ending war with US; explosions heard in Iran
US, Iran were discussing a plan to open Hormuz about 30 days after reaching a deal to end hostilities
2 hours ago
Even after a Strait of Hormuz deal, moving 1,500 ships won’t be easy
For now, some in the shipping industry are sceptical about the prospects of a deal to reopen the strait
2 hours ago
US crude futures fall over 6% on report of possible Strait of Hormuz reopening
May 26 : U.S. crude futures fell more than 6 per cent in early Asian trade on Tuesday after Nikkei reported that the U.S. and Iran are discussing a plan to reopen the Strait of Hormuz about 30 days after the two countries reach a deal to end hostilities.U.S. West Texas Intermediate at 2205 GMT was d ...
3 hours ago
Commentary: Japan’s an AI laggard, but that could be its edge
The current frenzy around AI creates pressure to spend big now and justify later. For Japan, the long view is the right one, says Catherine Thorbecke for Bloomberg Opinion.
3 hours ago
Oil tumbles nearly 7% as US and Iran seen moving closer to deal
Both sides say that they have made progress on a memorandum of understanding
3 hours ago
Europe’s Stoxx 600 wipes out Iran war losses on peace deal hopes, AI optimism
The European tech sector has rallied the most among Stoxx 600 peers this quarter and is up over 25%
3 hours ago
Cartier owner Richemont beats luxury slowdown with strong jewellery sales
The Swiss luxury group behind Cartier and Van Cleef & Arpels outperformed rivals including LVMH and Kering as resilient demand for high-end jewellery helped offset weaker fashion sales and a tourism slowdown in the Middle East.
7 hours ago
EU plans to fine Google high triple-digit million euro sum, Handelsblatt reports
FRANKFURT/BRUSSELS, May 25 : The European Union is planning to fine Alphabet's Google a high triple-digit million euro amount as part of an antitrust investigation, Germany's Handelsblatt newspaper reported, citing commission sources.The decision is nearing completion and is expected to be ...
8 hours ago
Boustead more than doubles H2 profit to S$197.7 million
Ranamita Chakraborty - Full-year earnings are up 145%; the board proposes a final ordinary dividend of S$0.04 a share
9 hours ago
Frasers Logistics & Commercial Trust grows presence in Europe with 4 property acquisitions
Ranamita Chakraborty - The agreed purchase price of about 294.9 million euros represents a 1.5% discount to their appraised value
9 hours ago
Frasers Logistics & Commercial Trust grows European presence with acquisition of 4 properties
Ranamita Chakraborty - The agreed purchase price is some 294.9 million euros (S$441.5 million), representsing a 1.5% discount to their appraised value
10 hours ago
Sats posts 31% rise in Q4 profit despite impact of Middle East conflict
Ranamita Chakraborty - Its board proposes a final dividend of S$0.05 a share, up from S$0.035 in the year before
11 hours ago
FLCT to acquire four logistics and industrial properties in Europe for about €294.9 million
Teo Zheng Long - Frasers Logistics & Commercial Trust (FLCT) (SGX: BUOU ) announced that it has entered into share purchase agreements with subsidiaries of Frasers Property Limited (FPL) (SGX: TQ5 ) and an unrelated third party to acquire two freehold logistics properties located in Germany and two freehold logi ...
11 hours ago
Eldest son of Vietnam’s richest man steps up as VinFast chair
Jamille Tran - Pham Nhat Quan Anh’s elevation signals a leadership transition in the country’s most powerful business empire
11 hours ago
Global Resource Construction’s subsidiary wins $95.7 mil civil engineering works contract
Teo Zheng Long - Global Resource Construction’s (SGX: SN3 ) subsidiary, Chip Eng Seng Contractors, has been awarded a civil engineering works contract valued at $95.7 million by Housing & Development Board (HDB). The contract involves major infrastructure works at Sembawang Contract 2 and the construction peri ...
11 hours ago
US, Iran edge closer to deal but still need to negotiate points
Key sticking points include whether Iran will allow ships free passage through the Strait of Hormuz
12 hours ago
India's AI ambitions hinge on workforce re-skilling, IBM India head says
BENGALURU, May 25 : India will need a coordinated push across government, companies and academia on skilling and policy if it wants to become an AI powerhouse, an IBM executive said, as the technology threatens the country's position as a global services hub.IBM India head Sandip Patel told Reu ...
12 hours ago
SATS earnings up 17% y-o-y to $285.2 mil for FY2026; declares final dividend of 5 cents
Teo Zheng Long - SATS Limited (SGX: S58 ) has reported earnings of $285.2 million for the FY2026 ended March 31, up 17% y-o-y. Meanwhile, SATS has achieved a record revenue of $6.35 billion in the same period, which represent an increase of 9% y-o-y. SATS explained that the record revenue was supported by robust car ...
12 hours ago
Governance, workforce gaps hinder companies’ AI adoption despite rising investments: KPMG
Meera Pathmanathan - A new centre of excellence will help firms ‘embed artificial intelligence as a trusted, enterprise-ready asset’
13 hours ago
Singapore aims to speed up private bank account opening for wealthy clients
Private banking account opening times for the wealthy will be reduced to within one month by the end of 2026, down from the current duration of about six weeks or longer.
13 hours ago
Only 15% of workers in Singapore feel their jobs are safe amid AI-driven anxieties: survey
Meera Pathmanathan - This falls below the Asia-Pacific average of 18%
14 hours ago
Singapore stocks rise on Monday amid buzz over potential US-Iran deal; STI up 0.1%
Across the broader market, gainers beat losers 286 to 161, after 1.5 billion securities change hands
14 hours ago
Pope Leo warns AI should be prevented from ‘dominating humanity’
POPE Leo XIV said artificial intelligence should be “disarmed” to protect humanity from its dangers, adding his voice to a heated debate...
14 hours ago
Former Marubeni CEO warns Japan could face chemical product shortages from late June
TOKYO, May 25 : Japan could face shortages of chemical products from late June as it struggles to replace naphtha supplies from the Middle East, a former chief executive of trading company Marubeni said on Monday.Fumiya Kokubu, who led Marubeni between 2013 and 2019 and is now an executive corporate ...
14 hours ago
Anthropic's Olah says AI must be guided from outside Big Tech
VATICAN CITY, May 25 : Anthropic co-founder Chris Olah said on Monday that the development of artificial intelligence cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society.Speaking in the Vatican at the presentation of Pope Leo& ...
14 hours ago
'Not wise' to have two separate AI ecosystems created by US, China: Nvidia CEO Jensen Huang
In a wide-ranging interview with CNA's Victoria Jen, Mr Huang also talked about partnerships in Taiwan and competition between the US and China.
14 hours ago
'Lazy' narrative to connect AI to job cuts, says Nvidia boss Jensen Huang
"If you don't engage the technology of your time, you'll just simply be left behind," Mr Huang told CNA's Victoria Jen in a wide-ranging interview.
15 hours ago
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
[SINGAPORE] The High Court has criticised UOB over what it called the bank’s inconsistent legal positions on late payment charges in mortgage...
15 hours ago
Quotes from Pope Leo's document warning world of AI risks
VATICAN CITY, May 25 : Pope Leo issued his first major document on Monday, urging international regulation to slow down the development of AI systems, which he said spread misinformation and may lead the world down a path of unending war.Below are snippets from the document, a nearly 43,000-word enc ...
15 hours ago
Pope Leo urges world to 'slow down' on AI in fervent first manifesto
VATICAN CITY, May 25 : Pope Leo urged governments to slow down the development of AI systems in his first major document, released on Monday, warning that they spread misinformation, prioritise conflict and risk leading the world down a path of unending war.Leo, who has adopted a more forceful tone ...