10 hours ago
HPH Trust’s H1 earnings jump to US$62.6 million
Chloe Lim - Its DPU for the period is flat at HK$0.05
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
10 hours ago
SpaceX, Sea and Grab debut as SGX’s first US SDRs
Low Youjin - The three America-listed counters commence trading on Jul 22
10 hours ago
Singapore stocks gain as regional markets end mixed; STI up 0.5%
Jardine Matheson leads the gainers on Singapore’s blue-chip index
10 hours ago
Risks of autonomous AI agents not yet fully understood: Josephine Teo
Young Zhan Heng - The government therefore needs to work with partners to learn from their experience, minister says
10 hours ago
US looks to speed air taxis, supersonic planes to market
FARNBOROUGH, England July 21 : The U.S. Federal Aviation Administration said it was working to help industry deploy air taxis, supersonic airplanes, boost space launches and expand drone operations as it embraces next-generation aviation.Deputy FAA Administrator Chris Rocheleau told Reuters in an in ...
10 hours ago
Tesla cash burn to test investor faith in AI bets
July 21 : Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to ...
10 hours ago
Stocks advance on tech strength; Mideast in focus
July 21 : Global stocks rose on Tuesday, underpinned by gains in technology stocks, as investors waited for corporate earnings this week that could test an AI trade under pressure, while mediation efforts in the Middle East kept oil prices in check.The U.S. and Iran traded fresh fire, and Yemen' ...
10 hours ago
Stocks rebound as Mideast mediation pushes oil lower
July 21 : Global stocks rose on Tuesday as oil prices retreated from a one-month high on mediation efforts in the Middle East, and investors braced for corporate earnings that will test an AI trade that is under pressure.Yemen's Iran-aligned Houthis said they would impose a naval blockade on Sa ...
10 hours ago
SGX expands SDR suite to Nasdaq-listed Grab, Sea and SpaceX
The Edge Singapore - The Singapore Exchange (SGX) is expanding its Singapore Depository Receipts (SDR) suite with the introduction of three US-listed counters: Grab (SGX:UGBD), Sea (SGX:UGGD) and SpaceX. The three SDRs start trading on July 22 at market open. This launch allows retail investors to participate in the rap ...
10 hours ago
Novartis profit beats estimates, pointing to growth
Earnings excluding some items were unchanged at US$5.94 billion in Q2
10 hours ago
Changi General Hospital and IBM to build AI-powered platform for paediatric emergency training
Nurdianah Md Nur - Changi General Hospital (CGH) and IBM are developing an artificial intelligence-powered platform to train its healthcare teams for paediatric mass-casualty incidents. The project will combine mixed-reality simulations with IBM’s watsonx.ai and watsonx Orchestrate software to provide real-time info ...
11 hours ago
What is China’s Moonshot AI and why is it roiling markets?
The Beijing-based firm’s Kimi K3 AI model delivers performance that rivals offerings from OpenAI and Anthropic
11 hours ago
SAF’s DIS, DSTA test quantum computing for mission planning
Nurdianah Md Nur - The Singapore Armed Forces’ Digital and Intelligence Service (DIS) and Defence Science and Technology Agency (DSTA) are working with IBM to assess how quantum computing could support mission planning, with logistics optimisation among the areas being studied. DIS and DSTA engineers will work along ...
11 hours ago
EGP Energy offers 1 million public shares at S$0.51 each in mainboard listing
Ranamita Chakraborty - IPO will close at noon on Jul 27, with trading of shares expected to commence on Jul 29
11 hours ago
UOB Kay Hian maintains ‘buy’ for Oiltek at unchanged $2.78
Lin Daoyi - In a July 21 report, UOB Kay Hian (UOBKH) is maintaining its “buy” rating for vegetable oil processing engineering solutions provider Oiltek International at unchanged target price of $2.78. The research house had met with Oiltek’s management recently. Analyst Tang Kai Jie highlights Oiltek’ ...
11 hours ago
Singapore bets on AI in healthcare, but success will depend on commercial sustainability
Evan See - Private sector needs to translate AI productivity gains into cost savings for patients, experts say
11 hours ago
Another ship hit in Hormuz as Houthis add to regional risks
A tanker has been struck by an unknown projectile northeast of Oman’s Limah, UK Maritime Trade Operations says on Tuesday
11 hours ago
TSMC to raise chipmaking prices by up to 10% in 2027, Nikkei Asia reports
July 21 : TSMC is set to raise prices for both advanced and mature chip production services by up to 10 per cent in 2027, Nikkei Asia reported on Tuesday, citing multiple sources.Reuters could not immediately verify the report.
12 hours ago
CGSI downgrades OCBC on sharp share price gain, less attractive yield, but raises target price
Deon Loke - Brokerage moves the stock to ‘hold’ with a target price of S$28.40
12 hours ago
CGSI downgrades OCBC to ‘hold’ despite raising target price to S$28.40
Deon Loke - Brokerage cites limited upside after the sharp gain in bank’s share price and a less-attractive dividend yield
12 hours ago
Can Singapore businesses bank on Indonesia as a major growth driver?
Leslie Yee - A thriving Indonesia will be a boon to the Republic’s economy and companies
12 hours ago
EGP Energy offers 18.82 million shares at 51 cents for IPO
Lin Daoyi - Electrical infrastructure solutions and services provider EGP Energy Corporation is seeking to raise around $30.6 million in gross proceeds from the placement of around 18.82 million offer shares and a cornerstone tranche of roughly 41.18 million shares at 51 cents. The placements value the company ...
12 hours ago
CGSI downgrades OCBC, UOB to ‘hold’; lifts OCBC’s, DBS’s target prices
Felicia Tan - CGS International analysts Tay Wee Kuang and Tan Jie Hui have downgraded Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) to “hold” from “add” previously after shares in both banks have run up recently. As at July 20, shares in OCBC are up by some 45% year to date wh ...
12 hours ago
Ant International raises US$1.2 billion in global expansion push
[HONG KONG] Ant International, the global arm of the Jack Ma-backed fintech company, has raised US$1.2 billion to bolster its expansion in cross-border...
13 hours ago
Singapore launches professional services centre as part of network for businesses’ Asia expansion
Elysia Tan - It will be the anchor hub, joining centres in China and Vietnam, with more planned for Asia and the Middle East
13 hours ago
Nissan to recall about 168,000 US vehicles over incorrect weight rating labels
July 21 : Nissan is recalling 168,149 vehicles in the U.S., as the Gross Axle Weight Rating (GAWR) listed on the certification label is incorrect, which can allow the vehicle to be overloaded, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The recall affects certain Niss ...
13 hours ago
Indian rupee’s return to near-record lows reflects RBI debate on intervention
Currency weakens 2% over July, nears record low of 97 to the US dollar; the central bank’s limited and intermittent moves have...
13 hours ago
Samsung creates new robotics division; plans research hubs in US, China and Japan
An ex-Hyundai Motor executive has been hired to head the new unit
13 hours ago
Chipmaker IQE raises annual sales growth forecast on AI, data centre demand
July 21 : UK semiconductor wafer maker IQE on Tuesday raised its full-year revenue growth forecast after its first-half trading beat expectations, driven by rising demand for its semiconductor products used in AI infrastructure and data centres.Here are some details:• IQE upgraded its 2026 revenue ...
15 hours ago
China considers tighter export controls on AI models and chips: report
The country is considering restricting overseas access to its most advanced AI technology
15 hours ago
China considers tighter export controls on AI models and chips, FT reports
The country is considering restricting overseas access to its most advanced AI technology
15 hours ago
Bank of China approved by MAS as a primary dealer
Chloe Lim - It is the first Chinese bank to receive this approval from the authority
15 hours ago
South-east Asia fintech funding dips to US$682 million in H1 2026: Tracxn report
Benjamin Cher - This is a 4% drop from US$711 million in H1 2025
15 hours ago
Indonesia offers sweeping tax breaks under new financial-centre law
Elisa Valenta - The government estimates the initiative to draw up to US$28 billion in investment