10 hours ago
Singapore must become more cohesive as global outlook remains uncertain: PM Wong
The government still expects inflationary pressures to rise, and there is also uncertainty about how AI will impact the job market, he...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
11 hours ago
Marvell shares jump after chipmaker wins spot in S&P 500
June 8 : Marvell Technology shares climbed more than 9 per cent on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently.Its shares have gained about 59 per cent since May 27 after the company forecast its cus ...
11 hours ago
Mooreast's $6 mil placement attracts Amova, Lion Global
The Edge Singapore - Mooreast Holdings has raised just over $6 million placing out new shares at 13.5 cents each to investors including EQDP managers Amova Asset Management and Lion Global Investors, as well as other investors the likes of Asdew Acquisitions and ICH Synergrowth Fund. The placement was managed by Zico Ca ...
11 hours ago
EV maker VinFast's revenue jumps on SE Asian demand, but loss widens
June 8 : Vietnam's VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, driven by strong demand for its electric vehicles in key Southeast Asian markets, but posted a wider net loss.Quarterly revenue rose to 23.11 trillion dong ($877.24 million) from 16.31 trillion don ...
11 hours ago
EV maker VinFast's quarterly revenue rises on strong Southeast Asia demand
June 8 : Vietnam's VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia.The company's quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue ...
11 hours ago
EV maker VinFast reports rise in quarterly revenue
June 8 : Vietnam's VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, bolstered by strong demand for its electric vehicles from key markets in Southeast Asia. The company's quarterly revenue came in at 23.11 trillion dong ($877.24 million), compared with revenue ...
11 hours ago
Indonesia asks police to probe hundreds of firms on palm prices
About 270 to 300 firms have not adjusted their prices over the past few days
11 hours ago
Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
BENGALURU/MILAN June 8 : Bending Spoons, an Italian tech firm that acquired internet brand AOL and ticketing marketplace Eventbrite this year, filed on Monday for an initial public offering on the U.S. Nasdaq.The company, which buys and revamps digital businesses, aims for a valuation of at least $2 ...
11 hours ago
AOL, Vimeo parent Bending Spoons files for US IPO
June 8 : Bending Spoons, an Italian tech firm focused on acquiring and revamping digital businesses, filed for a U.S. initial public offering on Monday, as a busy summer IPO window takes shape.A listing of the company, which bought storied internet brand AOL and ticketing marketplace Eventbrite this ...
11 hours ago
Vimeo parent Bending Spoons files for US IPO
June 8 : Vimeo parent Bending Spoons filed for a U.S. initial public offering on Monday, as a busy summer IPO window takes shape.The Milan-based company reported a net income of $27.5 million on revenue of $601 million in the three months ended March 31, compared with a net loss of $112.2 million on ...
11 hours ago
Italy's Bending Spoons files for US IPO
June 8 : Italian tech company Bending Spoons filed for an initial public offering in the U.S. on Monday. The summer IPO window is off to a busy start with a flurry of offerings hitting the market in recent days as issuers rushed to get out ahead of SpaceX's impending blockbuster listing.Founded ...
11 hours ago
Universal Music sounds out investors for one billion euro bond sale
It includes a 4-year and 10-year tranche, each with an expected size of 500 million euros, a source says
11 hours ago
Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal
June 8 : Space infrastructure company Quantum Space said on Monday it would go public through a merger with special purpose acquisition company Inflection Point Acquisition in a deal that values the combined company at about $1.2 billion.The deal comes as investor interest in the space sector has su ...
11 hours ago
AEM, Top Glove among additions to iEdge Singapore Next 50 Indices in June review
Benjamin Cher - Technology-related companies now make up about 26.2% of these indices
11 hours ago
Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'
LONDON, June 8 : Uber said its users could sign up from Monday for a chance to ride in London's first robotaxis powered by AI technology from British start-up Wayve as soon as regulators give the go-ahead for launch, which it expects in the coming months.Autonomous vehicles are a strategic prio ...
12 hours ago
Samsung Elec's chip chief says he discussed next-generation foundry with Nvidia CEO
SEOUL, June 8 : Samsung Electronics' co-CEO and head of its chip division, Jun Young-hyun, said on Monday he discussed cooperation in next-generation foundry chips with Nvidia CEO Jensen Huang during a meeting in Seoul.Jun said Samsung and Nvidia are currently collaborating on autonomous drivin ...
12 hours ago
Tencent seeks US$4 billion via US dollar bond and offshore yuan bond sale: sources
This is part of its US$30 billion global medium-term note programme, proceeds will be for general corporate purposes
12 hours ago
Singapore stocks retreat following AI headwind fears; STI closes lower
Chloe Lim - The benchmark index falls 1.7% to close at 4,963.67
12 hours ago
Unicorn patent intelligence platform PatSnap harnesses GenAI and customer needs for growth
Benjamin Cher - It has expanded across 50 countries and in key R&D centres such as Shanghai and London
12 hours ago
Five ways Elon Musk's SpaceX upended Wall Street's IPO playbook
June 8 : Elon Musk is bringing his pioneering business style to the IPO world this week when his rocket and satellite maker SpaceX goes public, in ways that no other company has. Here is how SpaceX is breaking Wall Street traditions with its record $75 billion listing.1. 'TAKE-IT-OR-LEAVE-IT� ...
13 hours ago
China car sales downturn extends into May as Volkswagen tests EV revamp
Exports grow 75.1% but the increase isn’t enough to counter the domestic slump
13 hours ago
‘Human judgment’ is vital even with AI’s introduction: HSBC CEO
He insists people are still key, and that it can even mean more hiring in the future
13 hours ago
‘Human judgment’ is vital even with AI’s introduction, HSBC CEO says
He insists people are still key, and that it can even mean more hiring in the future
13 hours ago
M&G Investments emerges as substantial shareholder of NetLink NBN Trust
Teo Zheng Long - Global asset manager, M&G Investments, has emerged as a substantial shareholder of NetLink NBN Trust (SGX: CJLU ) . In the filing on June 8, the asset manager has purchased 8,199,800 units for a total consideration of $8,281,798, excluding brokerage and stamp duties. This translates to an averag ...
13 hours ago
South Korea to seek priority supply of Nvidia Vera Rubin GPUs, science minister says
SEOUL, June 8 : South Korea will ask for priority supply of Nvidia's next-generation Vera Rubin graphics processing units, as deliveries are expected to be delayed, Science and ICT Minister Bae Kyung-hoon said on Monday. Bae said a government notice for South Korea's GPU project had been i ...
13 hours ago
Eni and Petronas launch gas joint venture in Southeast Asia
MILAN, June 8 : Italy's Eni and Malaysia's Petronas have established a 50-50 joint venture combining energy businesses across Indonesia and Malaysia after signing an investment agreement in November, they said on Monday.The move is part of Eni's so called satellite strategy to spin of ...
13 hours ago
Japanese investors make biggest foreign stock exit in five years in May
June 8 : Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run too far weighed on sentiment.They sold foreign stocks of a net 2.72 trillion yen ($16.98 billion) during the mo ...
13 hours ago
Meta to take legal action against Israeli spyware firm NSO, foils phishing attacks
June 8 : Meta said on Monday it is filing a federal court contempt order against Israeli spyware firm NSO Group for violating a permanent injunction that barred it from ever targeting WhatsApp and its users.The company said its WhatsApp messaging service disrupted new spear phishing attempts linked ...
13 hours ago
Meta takes legal action against Israeli spyware firm NSO
June 8 : Meta said on Monday it is filing a federal court contempt order against Israeli spyware firm NSO Group for violating a permanent injunction that barred it from ever targeting WhatsApp and its users.The company said its WhatsApp messaging service disrupted new spear phishing attempts linked ...
13 hours ago
Meta takes legal action against Israeli spyware firm NSO Group
June 8 : Meta said on Monday it is filing a federal court contempt order against Israeli spyware firm NSO Group for violating a permanent injunction that barred it from ever targeting WhatsApp and its users.
13 hours ago
UK competition watchdog launches probe into eBay's purchase of Depop
June 8 : UK's competition regulator on Monday launched a probe into eBay's $1.2 billion purchase of Gen Z-focused fashion resale platform Depop from Etsy.
13 hours ago
UK watchdog begins formal review of eBay's purchase of Depop
June 8 : Britain's competition regulator said on Monday it would begin formally reviewing eBay's planned acquisition of Gen-Z focused fashion resale platform Depop after ending the first part of its information gathering process. The Competition and Markets Authority (CMA) said it had clos ...
14 hours ago
Eni and Petronas launch gas joint venture in South-east Asia
The new company will start from an initial production base of over 300,000 barrels of oil equivalent per day
14 hours ago
Italy’s top bank Intesa launches unsolicited 30.6 billion euro bid for rival Monte dei Paschi
The merged entity will be eurozone’s second-biggest by market value, with a capitalisation of 126 billion euros