8 minutes ago
South Korea’s SK Hynix launches US$28 billion US listing to ride global AI wave
The company will sell 17.79 million new shares in Nasdaq depository receipts
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
24 minutes ago
Singapore stocks rise amid mixed regional trading; STI up 0.3%
Thai Beverage leads the blue-chip gainers with a 2.3% or S$0.01 increase to S$0.45
32 minutes ago
Denmark intervenes in EU court case over publishers' rights
July 6 : The Danish government has filed a written intervention in the European Court of Justice's case pitting tech companies against Belgium's government, citing the potential impact of the case on the rights of Danish media houses, the Culture Ministry said on Monday.Streamz, Google, Me ...
37 minutes ago
World absorbs historic Iran war oil supply loss, but depleted stocks bring risks
The global economy has drained the buffers that shield it from supply crises, data from the International Energy Agency indicates
44 minutes ago
Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong o ...
52 minutes ago
ITV and Sky reshape British TV landscape with $2.1 billion deal
LONDON, July 6 : Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney.Sky CEO Dana Strong said the deal, ann ...
53 minutes ago
China’s biggest ETF is now a US$13 billion gold fund as state stock market support fades
The reshuffling of country’s largest ETFs offers a picture of where investors are putting their money
59 minutes ago
In San Francisco, even US$180,000 tech salaries are no longer enough
As OpenAI and Anthropic prepare to go public, workers making six figures are grousing that they cannot compete with the new AI...
60 minutes ago
Singapore’s equity market gains raise bar for new IPOs: OCBC
Ranamita Chakraborty - The stronger capital market has rerated local equities, making investors more selective about backing new IPOs
1 hour ago
KGI's Chong starts China Sunsine at 'outperform' with $1.145 price target
The Edge Singapore - Chong Ting Shuo of KGF Securities has initiated coverage on China Sunsine Chemical Holdings with an "outperform" call and target price of $1.145. China Sunsine is described by Chong as a company whose products are "embedded in a mission-critical tyre input chain". The company sup ...
2 hours ago
Japanese brewer Sapporo Breweries, Carlsberg to invest in US$643 million Singapore-based JV
This expands the parties’ existing partnership in Malaysia, Hong Kong and Singapore to include Vietnam, Laos and Cambodia
2 hours ago
Chee of DBS maintains 'buy' on DFI Retail following acquisition of HK advertising platform
The Edge Singapore - Chee Zheng Feng of DBS Group Research has kept his "buy" call and US$5 target price on DFI Retail Group Holdings after its US$3.8 million acquisition of Cody HK, a leading Hong Kong out of home advertising operator with assets spanning buses, taxis, trams and other outdoor media formats, f ...
2 hours ago
Philippine economy can handle one more rate hike, central bank governor says
Economy slows dramatically late 2025 following a government probe into public works spending
2 hours ago
From shampoo to cookies, consumer products get an AI makeover
L’Oreal, Nestle and Mondelez are among companies that have adopted the tech to create new offerings
2 hours ago
South Korean won’s 24-hour trading era begins with cheers, applause
The extended trading hours could boost the nation’s case for an upgrade to MSCI’s developed-market index
2 hours ago
Korean won’s 24-hour trading era begins with cheers, applause
The extended trading hours could boost the nation’s case for an upgrade to MSCI’s developed-market index
2 hours ago
Oil falls after OPEC+ agrees to raise output targets
July 6 : Oil prices fell on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell 41 cents, or 0.57 per cent, to $71.71 a barrel at 0942 GMT ...
2 hours ago
Oil falls by more than 1% after OPEC+ agrees to raise output targets
July 6 : Oil prices fell by more than 1 per cent on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell $1.02, or 1.41 per cent, to $71.10 ...
2 hours ago
Nvidia AI server delay report sends Asian tech stocks sliding
The stock declines showed investors are wary of any potential negative developments after big runups in AI-related stocks
3 hours ago
UN chief warns AI is developing faster than rules can keep up
GENEVA, July 6 : The United Nations secretary general on Monday warned that AI is developing faster than anyone can keep up, urging the need for globally harmonised rules to reduce potential risks - especially to children. "A technology that can reshape economies, transform the world of work, s ...
3 hours ago
Moody’s warns Asia-Pacific private credit expansion to slow
It notes that macroeconomic uncertainty, geopolitical tensions and elevated interest rates weigh on investor appetite for illiquid assets
4 hours ago
Samsung appliance workers to stage a rally protesting chip workers' wage deal
SEOUL, July 6 : Workers in Samsung Electronics' smartphone, television and home appliance division will stage a rally on July 16, their union said, to protest the big bonuses the company's chip workers have negotiated. • Workers in the company's booming semiconductor division recent ...
4 hours ago
ASM International names KPN's Chris Figee as new CFO
July 6 : ASM International, Europe's second-largest maker of semiconductor equipment, said on Monday it plans to nominate Chris Figee as its next chief financial officer.The Dutch company said the appointment will be submitted for shareholder approval at an extraordinary general meeting expecte ...
4 hours ago
NSE said to start marketing US$3 billion India IPO next week
The exchange has appointed about 20 banks to work on the share sale
5 hours ago
Asia is at forefront of Acadian Asset Management’s private-wealth push: CEO
Benjamin Cher - US firm is eyeing growing pool of HNWIs in region and investor demand for more institutional products
5 hours ago
Singapore retail sales up 3% in May, missing forecasts
Low Youjin - Most retail sectors record year-on-year growth in sales
6 hours ago
Hong Kong's Far East Consortium sells student housing to JD.com for $95.6 million
HONG KONG, July 6 : Hong Kong property developer Far East Consortium (FEC) said in a filing published on Monday that it has agreed to sell a student accommodation project to a unit of JD.com for HK$750 million ($95.63 million). • This is the second property JD.com has bought in Hong Kong in less t ...
6 hours ago
ByteDance, Alibaba pull AI companions as Beijing tightens rules
In the US, tech platforms have come under intense legal scrutiny for similar features
6 hours ago
Unease over Korea leveraged ETFs grows as lawmakers demand fix
Concerns about such ETFs, which potentially amplify volatility, are rising among policymakers and investors
7 hours ago
US beef exports to China to pick up as rivals exhaust quotas
Brazil, Argentina and Australia were China’s top foreign suppliers in 2025
7 hours ago
OCBC's Lim maintains Parkway Life REIT at 'add' following nursing home divestment
The Edge Singapore - Ada Lim of OCBC Group Research has maintained her "buy" call on Parkway Life REIT but with a slightly trimmed fair value of $4.80 from $4.82. The REIT, which focuses on healthcare properties, announced on June 30 the divestment of a nursing home in Japan to its operator for $9.4 million, w ...
7 hours ago
Thailand's June headline CPI up 2.42% y/y, below forecast
BANGKOK, July 6 : Thailand's headline consumer price index rose by 2.42 per cent in June from a year earlier, following an annual rise of 2.79 per cent the previous month, the commerce ministry said on Monday.• The reading compared with a forecast increase of 2.79 per cent in a Reuters poll, ...
7 hours ago
Goldman cuts yen forecast to 165 per dollar, likes carry trades
The lender’s revised forecast is among the most bearish of those surveyed by Bloomberg
7 hours ago
Goldman cuts yen forecast to 165 per US dollar, likes carry trades
The lender’s revised forecast is among the most bearish of those surveyed by Bloomberg