Asia markets brace for Trump's promised assault on Iranian infrastructure
SINGAPORE: Oil prices rose, bonds fell and stocks were mixed at the start of trading in Asia on Monday (Apr 6) as US President Donald Trump vowed "hell" if Tehran does not meet his deadline to reopen the Strait of Hormuz.Trump's
Paramount in talks for Gulf backing in Warner takeover, WSJ reports
The Gulf backers will not have voting rights in the new Paramount-Warner entity
How one factory in China learned to live with Trump, tariffs and turmoil
Economists and industry executives expect the US president’s visit to extend a detente between the two rivals
US inflation seen spiking in first snapshot since Iran war
Oil prices have climbed to almost US$120 a barrel last month
JP Morgan downgrades OCBC, lowers DBS’s price target and raises SGX’s price target
The Edge Singapore - JP Morgan has downgraded five financial services stocks while upgrading two stocks over the weekend. Of these, only one downgrade is listed on the Singapore Exchange. Oversea-Chinese Banking Corp’s share price has run up, and hence warrants a downgrade according to JP Morgan. The US bank has also ...
Olam to sell IT services unit to Wipro for US$375 mil
The Edge Singapore - Agri-food player Olam Group is selling its IT services unit Mindsprint to Wipro for US$375 million, as part of its ongoing re-organisation bid. Upon completion of the sale, Olam will recognise a gain of around US$310.5 million. As part of the deal, Wipro will provide an eight-year service contract t ...
Stocks to watch: Olam Group, Geo Energy Resources
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 6):
Olam selling IT and digital services unit Mindsprint to Wipro for US$375 million
Shikhar Gupta - The agri-food giant will also spend US$100 million annually with the global tech company for eight years
Indian bank stocks’ US$95 billion rout may deepen on macro risks
At stake is the outlook for India’s US$4.5 trillion stock market, given banks account for nearly a third of the benchmark index
Oil rises on new deadline as Trump raises the stakes over Hormuz
Control of Hormuz remains central to the conflict
Oil gains as Trump sets new ultimatum and escalates Iran threats
Control of Hormuz remains central to the conflict
Oiltek secures US$350 mil contract to build sustainable aviation fuel plant in Sabah
The Edge Singapore - Oiltek International has entered into a heads of agreement with Brunei-based Bioseaga Industries to build a US$350 million sustainable aviation fuel plant in Sabah. For context, Oiltek's entire order book as disclosed on Feb 23 was just RM350 million. In addition, Oiltek will be the exclusive c ...
Engie Factory’s potential Apac exit signals energy firms’ pivot to near-term returns: analysts
Chloe Lim - Profit constraints, tighter capital could be reasons for the venture arm’s proposed divestment, say observers
Now back in the black, SGX-listed Trendlines doubles down on core bets
Ranamita Chakraborty - The group is concentrating on assets in its strongest portfolio companies, says CEO Haim Brosh
Malaysia likely to remain attractive to medical tourists amid geopolitics, currency swings: IHH group CEO
Tan Ai Leng - The country’s cost-competitiveness and growing capacity are seen as advantages by price-sensitive patients
Secondary market in Asia sees pickup in activity as players search for liquidity
Benjamin Cher - No lack of choice deals for secondary funds as global demand outstrip supply
Singapore IPO players on the fence as they await resolution of Middle East war
Jean Low - 10 companies listed on SGX in past six months, but Gulf conflict may slow momentum
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Tessa Oh - An unprecedented court order forced the sale of one of the world’s largest textile dye companies after a decade-long fight over minority...
SpaceX’s IPO may hold lessons for Singapore
Ben Paul - When companies go public, their founders and managers should communicate a big vision rather than a plan to just deliver incremental gains
Further downside expected for the Philadelphia Semiconductor Index
It could continue to pull back towards the 6,400 level, representing a 10.6% downside from the current price
Gold falls as Trump threatens escalation of US attacks on Iran
Bullion’s haven appeal has also been dimmed by the need for investors to liquidate their positions and cover losses elsewhere
Oil prices open higher as US-Israeli war with Iran continues to disrupt supply
TOKYO, April 6 : Oil prices opened higher on Monday after the Easter holiday weekend as the U.S.-Israeli war with Iran continues to disrupt global oil supply.Brent crude futures rose $2.4, or 2.2 per cent, to $111.43 a barrel by 2215 GMT. U.S. West Texas Intermediate crude futures gained $3, or 2.7 ...
Oil prices rise as US-Israeli war with Iran continues to disrupt supply
TOKYO, April 6 : Oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the U.S.-Israeli war with Iran.Brent crude futures rose $1.71, or 1.6 per cent, to $110.74 a barrel by 0057 GMT. U.S. West Texas Intermediat ...
Chinese bonds near inflection point as inflation outlook shifts
The brighter outlook for the world’s No 2 economy has prompted global banks to withdraw or scale back forecasts for a PBOC...
Petronas-chartered tanker loaded with Iraqi crude passes through Hormuz
Iran said it would allow passage for vessels without US or Israeli connections
Trump gives Iran until Tuesday night to open Strait of Hormuz, WSJ reports
Iran’s power plants and bridges will be targeted next, Trump said
Foxconn first-quarter revenue jumps, company cautions on geopolitics
Strong AI demand leads to robust revenue growth for its cloud and networking products division
Australia secures fuel supply pacts with Japan, Singapore
The nation is a top fossil fuel exporter, but most of its refined oil products come from Asian refineries
Right after Valuetronics, fund manager Amova emerges as a substantial shareholder of Frencken Group
The Edge Singapore - Amova Asset Management has emerged as a substantial shareholder of Frencken Group after additional open market buying last week. On March 30, Amova paid $5,248,084.14 for 2,478,200 Frencken shares, which works out to an average of just below $2.12 per share. This brings Amova's stake from 4.501 ...
Iran war: Singapore likely to roll out targeted support for businesses, households as energy costs rise
Low Youjin - The government is expected to announce measures to help businesses and households cope with rising costs when Parliament sits on Tuesday
Britain woos Anthropic expansion after US defence clash, FT says
April 5 : Britain is trying to tempt Anthropic to expand its presence in the country, as it seeks to capitalise on a fight between the maker of artificial intelligence app Claude and the U.S. Defense Department, the Financial Times said on Sunday.British government proposals for Anthropic range from ...
Britain woos Anthropic expansion after US defence clash: Report
Britain is trying to tempt Anthropic to expand its presence in the country, as it seeks to capitalise on a fight between the maker of artificial intelligence app Claude and the US Defense Department, the Financial Times said on Sunday (Apr 5).British government proposals for Anthropic range from an ...
The Iran war is reshaping global aviation
The longer the war persists, the worse it will be for the carriers with bases in the Middle East
US rescues airman as Trump, Israel pressure Iran ahead of deadline
Israel says it is prepared to attack Iranian energy facilities, awaits US go-ahead
