7 hours ago
UOB appoints new CEOs for China and Hong Kong offices
Deon Loke - The leadership changes are part of the bank’s efforts to deepen regional connectivity
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
7 hours ago
UOB appoints new CEOs for China and Hong Kong branches
Deon Loke - The leadership changes are part of the bank’s efforts to deepen regional connectivity
7 hours ago
UOB appoints new CEOs for China and Hong Kong branch
Deon Loke - The leadership changes are part of the bank’s efforts to deepen regional connectivity
7 hours ago
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
The company has reportedly earmarked as much as 30% or US$22.5 billion in shares for retail investors
7 hours ago
SpaceX IPO expected to fetch US$1.75 trillion valuation: How retail investors, including those in Singapore, can buy shares
The company has reportedly earmarked as much as 30% or US$22.5 billion in shares for retail investors
7 hours ago
UOB China, UOB Hong Kong Branch appoints new CEOs
Felicia Tan - UOB has appointed new CEOs for its Chinese and Hong Kong markets. The bank, in a June 8 statement, said the leadership changes were part of the bank’s ongoing focus to “deepen regional connectivity” and “accelerate cross-border growth between China and Asean”. Adaline Zheng, the current CE ...
8 hours ago
Nvidia CEO says company is working with LG on humanoid robots and data centers
SEOUL, June 8 : Nvidia CEO Jensen Huang said on Monday that it is partnering with South Korea's tech conglomerate LG Group on humanoid robots and data centers."We are working with them in motor technology as well as mechanical systems so that we can bring together humanoid robotics and the ...
8 hours ago
‘Sustainable 9% dividend yield backed by UK government’, Maybank initiates coverage on Elite UK REIT at ‘buy’
Teo Zheng Long - Liu Miaomiao of Maybank Securities has initiated coverage on Elite UK REIT (SGX: MXNU ) , citing the sustainable and defensive dividend yield backed by the UK government, the REIT’s key tenant. Elite UK REIT’s investment case is anchored on improved income visibility following the ongoing re-gea ...
8 hours ago
Think twice about rebuilding that old landed property into a super-big house to max out GFA
Leslie Yee - Mind the high construction and recurring costs of building a gigantic home for owner occupation
8 hours ago
Japanese firms field record proposals from activists at this year's shareholder meetings
TOKYO, June 8 : Activist investors have made a record number of proposals to Japanese firms for shareholders to vote on at annual general meetings this month, including growing calls for company executives to step down.Fuelling the boom has been multi-year prodding of Japanese companies by regulator ...
8 hours ago
CGSI's Tng and Maybank's Seet cut respective target prices for Sanli Environmental
The Edge Singapore - Sanli Environmental's FY2026 results were "slightly below" the expectations of Jarick Seet of Maybank Securities but he expects the current FY2027 to be better. However, given worries that margins will be hurt by higher raw material and delayed revenue recognition, Seet has maintained ...
8 hours ago
Maybank's Seet maintains 'buy' on Sanli Environmental but lowers target price to 26 cents
The Edge Singapore - Sanli Environmental's FY2026 results were "slightly below" the expectations of Jarick Seet of Maybank Securities but he expects the current FY2027 to be better. However, given worries that margins will be hurt by higher raw material and delayed revenue recognition, Seet has maintained ...
8 hours ago
OCBC expands offerings with physical gold trading
Lin Daoyi - Investors will soon have one more option to trade physical gold. From June 10, institutional clients of OCBC and high net-worth and ultra-high-net worth clients of its private banking subsidiary, Bank of Singapore, will be able to buy, sell and custodise the precious gold with OCBC in a secure, Sing ...
8 hours ago
Gold extends losses on US interest rate-hike fears
Oil prices rise more than US$2 a barrel on Monday
8 hours ago
Rout in Seoul stocks leads Asian losses as AI tech rally hits wall
HONG KONG: Seoul's Kospi stock index dived more than 8 per cent to lead a rout across Asia on Monday (Jun 8) as tech firms were hammered and strong US jobs data fuelled bets on a Federal Reserve interest rate hike.News that Iran and Israel
8 hours ago
Seoul leads steep Asian losses as AI-led tech rally hits wall
HONG KONG: Seoul's Kospi stock index dived more than eight per cent to lead a rout across Asia on Monday (Jun 8) as tech firms were hammered and strong US jobs data fuelled bets on a Federal Reserve interest rate hike.News that Iran and Israel had struck each other sparked worries about an esca ...
8 hours ago
Asia stocks down after US losses, Iran strikes
TOKYO: Stocks in Asia fell sharply and oil prices rose early Monday (Jun 8) after Iran fired missiles at Israel and following heavy losses on Wall Street.At 9.53am Japan's Nikkei 225 was off 3.41 per cent at 64,318.06 points while South Korea's Kospi was down 6.81 per cent at 7,604.98.Bren ...
8 hours ago
STI drops as much as 1.7% as Asia markets hit by tech sell-off
Shikhar Gupta - The Kospi sinks as much as 8.8% led by steep losses in chipmakers
8 hours ago
Mainland Chinese savers flock to Hong Kong as regulators tighten capital controls
The latest crackdown has clouded the prospects of mainland investors’ pursuit of investments in the city
9 hours ago
South Korea's Lee says success of business should be shared, plans surplus tax revenue use
SEOUL, June 8 : South Korean President Lee Jae Myung said on Monday the gains of business success should be shared throughout society and the government will devise a plan to effectively use the surplus tax revenues generated from the country's semiconductor sector.Lee was speaking at a news co ...
9 hours ago
Goodwill Entertainment to acquire Funtech Solutions for $4.0 mil
Teo Zheng Long - Goodwill Entertainment (SGX: GEH ) announced that it has entered into a sale and purchase agreement to acquire 100% equity stake in Funtech Solution for $4 million. According to the group, Funtech is an entertainment technology company in Singapore specialising in the development, installation and c ...
9 hours ago
Nvidia clinches deals with South Korean giants including SK Group to advance AI boom
The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea
9 hours ago
Nvidia announces deals with South Korea’s SK Hynix, Naver and Doosan for AI data centres
The South Korean memory chipmaker and rival Samsung Electronics are the world’s two largest makers of memory chips
9 hours ago
Nvidia clinches deals with South Korean giants include SK Group to advance AI boom
South Korea is an Asian manufacturing powerhouse, home to major producers of chips, electronics, cars and ships
10 hours ago
Addvalue wins new orders worth US$5.1 mil
The Edge Singapore - Addvalue Technologies has won new orders worth US$5.1 million for its space connectivity business, bringing its total order book to US$23.35 million, to be fulfilled over the next 12 months. The company says the new orders were secured from three unrelated customers, including one new customer, for ...
10 hours ago
Stocks to watch: Singtel, SIA Engineering, UMS, Samudera Shipping, Lum Chang Creations
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 8):
10 hours ago
Workers to escalate strike at Inpex's Ichthys LNG sites after talks fail
June 8 : Workers will escalate the strike at Inpex's Ichthys LNG facilities in Australia that started last week over a wage dispute, after talks failed to progress with the Japanese operator, the Offshore Alliance union said on Monday.Ichthys accounts for about 10 per cent of LNG supply from Au ...
10 hours ago
AsiaPhos plans to take majority stake in an Australian data centre valued at A$15 mil
The Edge Singapore - AsiaPhos, which is in solar and clean energy, plans to acquire a data centre in Australia valued at A$15 million. Under terms of a non-binding agreement, AsiaPhos plans to acquire 51% of an entity called DC Alliance by paying new shares at one cent each, or, the issue price of placement shares issue ...
10 hours ago
Lum Chang Creations says still evaluating mainboard transfer due to ‘market volatility’
Shikhar Gupta - LCC says that it will also hold off on the listing and quotation of the bonus shares
10 hours ago
Japan's economy cools on weak capex in Q1, revised data shows
TOKYO, June 8 : Japan's economy lost momentum in the January-March quarter from the previous three months over sluggish capital expenditure, revised gross domestic product (GDP) data showed on Monday, pointing to challenges ahead due to the Middle East conflict.The GDP figures released by the C ...
11 hours ago
SK Hynix announces multi-year tech deal with Nvidia for AI factories
SEOUL, June 8 : SK Hynix on Monday announced a multi-year technology partnership with Nvidia, saying the deal would advance next-generation memory for global AI data centres. The South Korean memory chipmaker said it would enter new AI fields via the partnership, such as personal AI and physical AI, ...
11 hours ago
Nvidia announces deals with South Korea's SK Hynix, Naver and Doosan for AI data centres
SEOUL: Nvidia on Monday (Jun 8) announced deals with South Korea's SK Hynix, Naver and Doosan Group to build AI data centres and use the US chip firm's technology, as it looks to continue driving the AI boom.The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South ...
11 hours ago
AI-linked layoffs in US spark new wave of one-person start-ups
Over 100 tech companies cut more than 115,000 jobs in the first quarter of 2026
11 hours ago
South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology
SEOUL, June 8 : Nvidia said on Monday that South Korean internet conglomerate Naver would use its technology to build AI factories at gigawatt scale to meet rising global demand for AI services and physical AI.The project is aimed at serving growing global demand for AI services and physical AI appl ...