6 hours ago
Keppel divests i12 Katong mall for S$372 million
Chloe Lim - The buyer, Altallo Holdings, will pay the total sum over three tranches
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Explainer-How the Iran war oil and gas supply shock compares with past disruptions
LONDON, April 22 : The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters calculations based on International Energy A ...
7 hours ago
Blackstone’s AirTrunk plans its first data centre-backed bond
The company operates data centres in Australia, Hong Kong, Japan, Malaysia and Singapore
7 hours ago
Vingroup plans taxi IPO, scraps LNG power plant project
HANOI, April 22 : Vietnamese conglomerate Vingroup is ditching plans to build the country's largest LNG-fired power plant and will turn to renewables for the project, its chairman told shareholders on Wednesday as he also flagged an IPO for the group's taxi unit in 2028. In a signal of how ...
7 hours ago
Keppel to divest i12 Katong for $372 mil
Felicia Tan - Keppel Limited has agreed to divest its stake in suburban retail mall i12 Katong to Altallo Holdings for a cash consideration of $372.03 million. The five-storey mall, deemed by the group as a non-core asset, is located at 112 East Coast Road and has a net lettable area of 211,950 sq ft, which inclu ...
7 hours ago
SK Hynix to invest about $13 billion in a new South Korea plant to meet AI memory demand
SEOUL, April 22 : SK Hynix said on Wednesday it plans to invest 19 trillion won ($12.85 billion) in a new manufacturing plant in South Korea for advanced packaging, to meet rising global demand for AI memory, with construction set to begin this month.($1 = 1,478.1000 won)
7 hours ago
HSBC is said to shortlist Allianz, Sumitomo for Singapore insurer
The bank starts a review of the insurance business in January
7 hours ago
As MSCI review looms, Indonesia’s stock market reforms test investor confidence
Elisa Valenta - The exchange is set to delist 18 companies, whose shares have been suspended for months
7 hours ago
Chinese crypto tycoon eyes Hong Kong capital with bitcoin asset management push
Li grew Huobi - now known as HTX - into one of the world’s largest cryptocurrency exchanges
8 hours ago
OpenAI in talks to commit up to $1.5 billion to private equity JV, FT reports
April 22 : Artificial intelligence firm OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, Financial Times reported on Wednesday, citing people familiar with the matter. The ChatGPT maker will initially invest $500 million of equity into the joint venture, k ...
8 hours ago
OpenAI in talks to commit up to $1.5 billion to private equity joint venture, FT reports
April 22 : Artificial intelligence firm OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, the Financial Times reported on Wednesday, citing people with knowledge of the matter. Reuters could not immediately verify the report.OpenAI will commit an initial $5 ...
8 hours ago
China property tipping point will drive up stocks, JPMorgan says
The latest batch of housing numbers backs up a positive view
8 hours ago
HCLTech's $4.5 billion wipeout sparks broad IT selloff, reviving doubts over sector recovery
April 22, BENGALURU - HCLTech lost $4.5 billion in market capitalisation on Wednesday after it projected fiscal 2027 revenue growth below estimates, with restrained client spending raising fresh doubts over a recovery in India's $315 billion IT industry.The weakness points to sector-wide challe ...
8 hours ago
HCLTech falls as weak outlook, Q4 miss highlight pressure on India's IT sector
April 22 : HCLTech fell as much as 9.4 per cent on Wednesday after it forecast fiscal 2027 revenue growth below analysts' expectations and reported a fourth-quarter earnings miss, citing restrained spending by clients of India's $315 billion IT industry. Shares were down 9.2 per cent at 9: ...
8 hours ago
Australia, New Zealand dollars bounce as US extends ceasefire with Iran
[SYDNEY] The Australian and New Zealand dollars bounced on Wednesday as the US extended a ceasefire with Iran indefinitely to allow for...
8 hours ago
uSmart starts Soon Hock Enterprise at ‘buy’, sees potential re-rating ahead of Skye@Tuas launch
Felicia Tan - uSmart analyst Ng Xin Yang has initiated a “buy” call on Mainboard-listed Soon Hock Enterprise with a 12-month target price of 72 cents. Ng’s target price implies a total return of around 19%, including the company’s FY2026 dividend yield of 5.8%. It is also valued based on a 30% discount to ...
8 hours ago
Trump weighs shipping waiver renewal to ease oil, gas prices
Global energy prices have risen substantially in the past two months, with Brent crude, climbing nearly 36%
8 hours ago
As ‘margin for error’ narrows, strategic decisiveness is key for businesses in fragmented world: DPM Gan
Tessa Oh - Singapore is doubling down on its role as a trusted hub for businesses seeking stability and growth
8 hours ago
Singapore SMEs extend growth streak in Q1, but Middle East war clouds outlook: OCBC
Renald Yeo - [SINGAPORE] Singapore’s small and medium-sized enterprises (SMEs) remained in expansionary mode in the first quarter of 2026, but the full impact of...
8 hours ago
Investor Justin Sun sues Trump-backed World Liberty Financial over token rights
April 21 : Crypto entrepreneur Justin Sun said on Tuesday he has filed a lawsuit in California federal court against U.S. President Donald Trump's World Liberty Financial to defend his legal rights as a holder of WLFI tokens.Sun, a major investor in World Liberty Financial, said the crypto vent ...
8 hours ago
Justin Sun sues Trump-backed World Liberty Financial over WLFI token rights
April 21 : Crypto entrepreneur Justin Sun said on Tuesday that he filed a lawsuit in California federal court against U.S. President Donald Trump's World Liberty Financial to protect his legal rights as a holder of WLFI tokens.Sun, a major investor in World Liberty Financial crypto venture, had ...
8 hours ago
Climate investor calls for votes against directors at Japan’s megabanks and trading houses
TOKYO, April 22 : A climate advocacy organisation is calling upon investors in Japan’s three largest banks and three trading firms to vote against board members for failing to recognise and manage the risks posed by investments in fossil fuel production.Environmental advocacy group Market Forces i ...
8 hours ago
OCBC SME Index stays above 50 in 1Q2026 amid Middle East tensions
Kwan Wei Kevin Tan - The OCBC SME Index inched up to 51.6 in 1Q2026, up from 50.8 in 4Q2025, amid the ongoing geopolitical tensions in the Middle East. This is the fourth consecutive quarter the OCBC SME Index has stayed above 50 and remained in expansionary territory. “While the OCBC SME Index stayed expansionary in ...
8 hours ago
SpaceX has deal for right to acquire Cursor for US$60 billion
The deal comes shortly after Musk said that xAI is behind on software coding tools compared with peers
8 hours ago
Maybank, CGSI maintain positive views on ISOTeam following latest contract win
The Edge Singapore - Jarrick Seet of Maybank Securities has kept his "buy" call on ISOTeam after the company announced $30.1 million in new contracts, with expectations that more will follow in the coming three months. The new contracts, announced on April 20, includes interior design, landscaping, repair and ...
9 hours ago
Lufthansa to remove 20,000 summer flights to save on fuel costs
The first 120 cancellations began on Tuesday
9 hours ago
Asia Piling Co named for hitting fibre optic cables that led to 20-hour broadband disruption
The company is involved in many public and commercial projects here
9 hours ago
Two in three Singapore firms ‘moderately to severely’ hit by Iran war: SBF
Shikhar Gupta - Rising energy and logistics costs affect operations and demand, even as companies attempt to actively manage costs and shift strategies
9 hours ago
Singapore invites proposals on autonomous shipping, kicks off maritime startup competition
Derryn Wong - The move for suggestions is part of the Republic’s efforts to adopt autonomous technologies in maritime operations
9 hours ago
Los Angeles schools set limits on classroom screen time
April 21 : Los Angeles' school board on Tuesday passed a measure regulating students’ screen time during classroom assignments, reflecting concerns that technology could be linked to a host of ailments including obesity and depression.The school board of the nation's second-largest schoo ...
9 hours ago
Vietnam's Vingroup chairman says EV unit Vinfast to break even in 2027
HANOI, April 22 : Vietnamese electric vehicle maker VinFast will break even next year, the chairman of its parent Vingroup said on Wednesday, confirming a Reuters report early this month. Vinfast is expected to deliver 300,000 EVs this year, according to a Vingroup document.
9 hours ago
Japan exports rise for seventh month as AI demand blunts Mideast risks for now
TOKYO: Japan's exports rose for a seventh straight month led by demand tied to artificial intelligence that has for now blunted the impact of trade disruptions caused by the Middle East conflict, government data showed on Wednesday (Apr 22)."Overall trade continued to be driven by demand f ...
9 hours ago
What’s behind the Singdollar’s strength amid the Iran war – and how long will it last?
Shikhar Gupta - Currency’s resilience can last as long as MAS policy is tightened and geopolitics stay ‘uncertain enough to keep demand for lower-beta Asian...
9 hours ago
Japan's financial watchdog to meet top banks to discuss Mythos AI model
TOKYO, April 22 : Japan's financial watchdog will meet with the country's biggest lenders on Friday to discuss issues related to Anthropic's advanced Mythos artificial intelligence model, Finance Minister Satsuki Katayama said on Wednesday.The meeting, set up by the Financial Services ...