4 hours ago
Apple defeats bid for new Apple Watch import ban at US trade tribunal
[WASHINGTON] A US trade tribunal ruled for Apple on Friday (Apr 17) against a bid from medtech company Masimo to reinstate an...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
Lutnick shuts down talk of any Chinese investment in US autos
[BEIJING] US Commerce Secretary Howard Lutnick ruled out the possibility of Chinese investment in the US auto industry, saying there’s no need...
6 hours ago
Greek, Indian tankers U-turn before Hormuz amid reopening doubt
[SINGAPORE] Several oil tankers have u-turned in the Persian Gulf after appearing to try to transit the Strait of Hormuz, as shipowners...
7 hours ago
Trump says he has 'good news' on Iran, offers no clarity on peace deal
[WASHINGTON/ISLAMABAD] US President Donald Trump said there had been “some pretty good news” about Iran, suggesting optimism about peace talks to end...
9 hours ago
US again allows more Russian oil sales to help control prices
[LOS ANGELES] The US on Friday (Apr 17) issued a license letting countries buy more Russian oil that’s already been loaded on...
10 hours ago
Blue Owl co-CEOs’ personal loans no longer backed by firm shares
[LOS ANGELES] Blue Owl Capital co-chief executive officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove...
11 hours ago
Potential merger of DFI's supermarket unit in Hong Kong with rival faces 'substantial' valuaiton gap: DBS
The Edge Singapore - Chee Zheng Feng of DBS Group Research has reservations that the reported combination of Jardine and CK Hutchison's respective Hong Kong-based supermarket chains may go ahead, given the wide disparity in valuation implied by the former's capital parameters and the price tag last floated of ...
11 hours ago
American Airlines says it’s not interested in United Merger
[NEW YORK] American Airlines said it’s not engaged with or interested in any discussions regarding a merger with rival United Airlines, dampening...
12 hours ago
Oil and gas plunge on Hormuz opening, hope for end of war
[LONDON] Oil and European natural gas prices tumbled after the promised re-opening of the Strait of Hormuz bolstered sweeping optimism that the...
12 hours ago
Stoxx 600 jumps more than 1% after Iran declares Strait of Hormuz open
[BENGALURU] The Stoxx 600 jumped more than 1 per cent and notched its fourth straight weekly gain on Friday (Apr 17), after...
13 hours ago
Malaysia’s Capital Market Masterplan: All good, but build talent and ensure enforcement
Tong Kooi Ong + Asia Analytica - The strategies outlined in Malaysia’s Capital Market Masterplan 2026-2030 (CMP4) released by the Securities and Exchange Commission in March checked many of the boxes as one would expect from similar mid- to long-term blueprints; that is, in terms of vision, broad guidelines and goals. The overarc ...
16 hours ago
Mythos a serious threat but more will follow, Barclays CEO says
WASHINGTON, April 17 : Anthropic's frontier AI model Mythos is a serious threat to the global banking system, and it is likely to be followed by similar, even more powerful cyberthreats, Barclays Chief Executive C. S. Venkatakrishnan said on Friday.The vast capabilities of Mythos to code at a h ...
16 hours ago
Japan says recent yen moves driven by speculative trade
WASHINGTON, April 17 : Japanese Finance Minister Satsuki Katayama said on Friday recent moves in the yen have been driven by speculative trade to a significant extent, when asked about the currency's rebound following Iran's decision to open the Strait of Hormuz.Iran's Foreign Ministe ...
17 hours ago
Nvidia rival Cerebras reveals US IPO filing as AI boom drives listings
April 17 : AI chipmaker Cerebras Systems disclosed its filing for a U.S. initial public offering on Friday, bringing the Nvidia rival closer to the public markets as optimism builds around a broader revival in the listings market.The company, which develops high-performance processors for artificial ...
17 hours ago
Exclusive-Meta targets May 20 for first wave of layoffs; additional cuts later in 2026
NEW YORK/SAN FRANCISCO, April 17 : Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later, three sources familiar with the plans told Reuters.The Facebook and Instagram owner will lay off about 10 per cent of its global workforce, or close to ...
17 hours ago
Ex-CEO, ex-CFO of bankrupt AI company charged with fraud
NEW YORK, April 17 : The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by fabricating "virtually all" of the now-bankrupt company's customer ...
20 hours ago
Traders place $760 million bet on falling oil ahead of Hormuz announcement
LONDON, April 17 : Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran's foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world's most traded commodity ahead of major announcements in the ...
20 hours ago
Japan's Sony, Honda to pursue new opportunities after scrapping Afeela 1 EV, Nikkei reports
April 17 : Sony Group and Honda Motor have decided to pursue other opportunities through the Japanese firms' 50-50 joint venture after canceling the Afeela 1 electric vehicle in March, the Nikkei newspaper reported on Friday.Sony Honda Mobility, the joint venture between Japanese electronics gi ...
21 hours ago
AI-Reit trustee disputes resolution to access records related to internalisation
Chong Xin Wei - If passed, the trustee will consider all available options, including applying to the Singapore Court for directions
22 hours ago
Reactions of industry and leaders to Iran saying Hormuz is open
LONDON, April 17 : Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon.Here are some quotes from the shipping industry and world leaders on the Iranian decl ...
22 hours ago
Clar preferential offering closes with 74.5% valid acceptances; total applications at 244.2%
Chong Xin Wei - The new units will be listed on the Singapore Exchange from 9 am on Apr 23
23 hours ago
Analysis:BOJ's hawkish hints keep rate hike on the cards
WASHINGTON, April 17 : Bank of Japan Governor Kazuo Ueda refrained from pre-committing to an April rate increase as the Iran war muddled the outlook, but left a few hawkish signs after this week's IMF meetings, suggesting a hike remains on the cards in June, if not this month.While markets focu ...
23 hours ago
Wall Street indices hit record highs as oil falls with Strait of Hormuz declared open
[NEW YORK] The benchmark S&P 500 and the tech-heavy Nasdaq each rallied to their third record close in a row on Friday...
23 hours ago
Wall St climbs at open after Iran says Strait of Hormuz open
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Apr 17) after Iranian Foreign Minister Abbas Araqchi said the Strait of...
23 hours ago
US stocks hit record high, oil plunges after Strait of Hormuz declared open
[NEW YORK] The benchmark S&P 500 and the tech-heavy Nasdaq each rallied to their third record close in a row on Friday...
23 hours ago
Exclusive-India drops proposal to mandate national ID app Aadhaar on smartphones after pushback
NEW DELHI, April 17 : India's government has decided not to go ahead with a proposal to require Apple, Samsung and others to pre-install the country's biometric identification app Aadhaar on phones, a state body said on Friday, a move that had been opposed by the smartphone giants.Reuters ...
23 hours ago
Brent crude tumbles to $90 a barrel, stocks and bonds jump after Iran says Strait of Hormuz is open
LONDON, April 17 : The price of oil tumbled and stocks and government bonds rallied on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire is in force.Abbas Araqchi said in a post on X that passage for all commercial vessels through the Str ...
23 hours ago
Wall Street stocks flourish, oil dives below $90 after Iran says Strait of Hormuz is open
NEW YORK/LONDON, April 17 : Wall Street stocks followed global indexes higher and the price of oil tumbled more than 11 per cent on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire in the three-week-old war launched by the U.S. and Israe ...
23 hours ago
Stocks romp to records, oil plunges on hopes of US-Iran peace deal
NEW YORK/LONDON, April 17 : Oil prices cratered, Wall Street indexes scaled record highs and U.S. Treasuries surged on Friday, after Iran said the Strait of Hormuz was open for passage during a ceasefire in Lebanon and U.S. President Donald Trump said he expected to reach a deal to end the war soon. ...
23 hours ago
Wall Street stocks flourish, oil plunges below $90 after Iran says Strait of Hormuz is open
NEW YORK/LONDON, April 17 : Wall Street indexes touched fresh record highs and oil prices cratered on Friday after Iran said that the Strait of Hormuz was open for passage during a ceasefire in Lebanon and U.S. President Donald Trump said he expected to reach a deal to end the war soon. Iranian Fore ...
24 hours ago
Wilmar sees limited impact from Middle East conflict, cites indirect cost pressures
Chong Xin Wei - It says the ‘certain indirect impact’ takes the forms of higher freight, insurance and fertiliser costs
24 hours ago
Global markets surge as Iran says Strait of Hormuz open during ceasefire
LONDON, April 17 : Stocks and bond prices jumped on Friday, while oil and the dollar fell sharply after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire, in line with the ceasefire in L ...
24 hours ago
Brent crude may break its support as STI attempts an upside breakout
Goola Warden - Rotational interest will continue among the lower liners as they take turns to advance and inevitably retreat. A number of penny stocks are taking advantage of positive market sentiment to raise equity. Separately, the Straits Times Index managed to move above the psychological 5,000 level to test a ...
24 hours ago
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
Chong Xin Wei - The deal puts the development among Singapore’s largest residential en bloc sales since 2007