8 hours ago
Nikkei gauge crosses 71,000 on US-Iran peace deal
Chip-related shares led the Nikkei’s gain
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
Japan bank lobby warns of potential service disruptions due to AI-enabled cyberattacks
TOKYO, June 18 : Japanese lenders may be forced to suspend services such as ATMs and online banking if sophisticated AI models end up posing a serious threat to the banking system, said the chair of the country's banking lobby.Frontier AI systems, such as Anthropic's Mythos, can quickly id ...
8 hours ago
Top Glove quarterly profit surges 138% on cost control measures
The company benefits from a diversified supplier network across multiple countries
8 hours ago
BESI raises long-term revenue, margin targets as demand increases
June 18 : Dutch semiconductor equipment maker BE Semiconductor Industries (BESI) on Thursday raised its long-term revenue and operating margin targets, citing improved order momentum and stronger demand for data centre and photonics applications.BESI stock has risen over 100 per cent since the begin ...
8 hours ago
Orchid Hotel in Tanjong Pagar sold for about S$273 million
Kalpana Rashiwala - The buyer is a JV between a local developer and Westmont Hospitality; hotel is expected to be rebranded
8 hours ago
JP Morgan says likelihood of CLI-Mapletree merger has diminished
The Edge Singapore - JP Morgan’s analysts were in Australia recently, on a marketing trip. Among the topics that came up for discussion were the CapitaLand Investment (CLI) and Mapletree Investments merger, catalysts for UOL Group and its subsidiary Singapore Land Group, City Developments’ (CDL) strategic review, an ...
8 hours ago
Asian currencies likely to stay under pressure as new Fed regime keeps rates steady
Tan Nai Lun - But US-Iran deal over the Middle East likely to keep US dollar appreciation in check
8 hours ago
Trump says Apple to partner with Intel on US chip design, production
The partnership helps Apple to diversify its manufacturing base as it seeks additional chip capacity
8 hours ago
EQT buys Berlin-based SpaceX satellite launch partner Exolaunch
LONDON, June 18 : Private equity fund EQT is acquiring Berlin-based space company Exolaunch, which helps satellite companies launch into orbit by partnering with rocket operators such as Elon Musk's SpaceX.The deal, announced by the companies Thursday, highlights strong investor interest in the ...
8 hours ago
Philippine central bank raises policy rate by 25 basis points
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points for a second time in a row on Thursday and left the door open to additional tightening as inflation pressures remain strong.Governor Eli Remolona said the central bank would consider larger rate increases, ...
8 hours ago
Philippine central bank raises policy rate by 25 basis points, as expected
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points to 4.75 per cent on Thursday, it said in a statement.Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its overnight borrowing rate by 25 basis points. Five others p ...
9 hours ago
Indonesia's energy minister says government working to secure coal supply for state utility
JAKARTA, June 18 : Indonesia's Energy and Mineral Resources Minister said on Thursday that the government is working to ensure that coal supplies to state power utility Perusahaan Listrik Negara (PLN) remain stable after reports of blackouts.Here are some details:• Energy minister Bahlil Laha ...
9 hours ago
F1 sponsorship could give BYD lower-risk route to global recognition
The EV giant could potentially sponsor a midfield or back-of-the-pack team at a lower cost than a top-tier team
9 hours ago
China seeks to curb 'unfair' competition in food delivery sector
Under the new rules, platforms may not "indirectly coerce" merchants into participating in subsidy schemes through allocation of user traffic, and must not force merchants and delivery drivers to bear the costs of subsidies.
9 hours ago
Inflation, energy, markets: What’s next after US-Iran peace deal
Shikhar Gupta - Despite the MOU, which includes a US$300 billion fund, uncertainty still lies ahead, say analysts
9 hours ago
Asian refiners brace for surge in Persian Gulf oil after US-Iran ceasefire agreement
Around 31 supertankers are stuck inside the Persian Gulf, according to a data
10 hours ago
Starbucks to add up to 100 India stores a year as coffee booms
The chain has doubled down on the country of more than 1.4 billion people as it searches for new avenues of growth
10 hours ago
Drone strikes beyond the battlefield pump up market for technology to repel them
BERLIN, June 18 : Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive craft to defend airports and infrastructure against new aerial threats.Drone technology has caused upheaval at airports f ...
10 hours ago
Hormuz oil flows may recover to only 70% after Iran war: Goldman
OIL flows going through the Strait of Hormuz may recover to only about 70 per cent of their prewar level, according to...
10 hours ago
Trump says Apple to work with Intel to manufacture chips in US
June 18 : U.S. President Donald Trump said in a Truth Social post on Thursday that Apple had agreed to work with Intel to design and build its chips in the United States.Intel had reached a preliminary deal to make some chips for Apple, following discussions that went on for more than a year, the Wa ...
11 hours ago
Exclusive-UK in advanced talks with Nissan over Sunderland plant support, sources say
TOKYO/LONDON, June 18 : The British government is in advanced talks with Japanese carmaker Nissan about providing it financial support in return for a long-term commitment and investment in its Sunderland plant, five sources with knowledge of the discussions said. Any funding for the struggling auto ...
11 hours ago
JPMorgan Chase cuts off Anthropic access for its Hong Kong staff, FT reports
June 18 : JPMorgan Chase has stopped its staff in Hong Kong from accessing Anthropic’s AI models, in a sign of intense scrutiny on the technology’s use outside the U.S., the Financial Times reported on Thursday, citing three people familiar with the matter. Reuters could not immediately verify t ...
12 hours ago
Indonesia, Philippines set to hike rates as caution prevails
Both economies have been hit hard by the steep increase in global oil prices
12 hours ago
Indonesia, Philippines set to hike rates as caution prevails: Bloomberg survey
Both economies have been hit by the steep increase in global oil prices
12 hours ago
Japan intervention risk mounts as yen drops to lowest since 2024
The latest move in the currency also comes despite a record 11.7 trillion yen intervention by authorities from Apr 28 to May...
12 hours ago
Electricity tariff to rise significantly from July despite Iran deal: EMA
Singapore is highly dependent on imports for its energy needs, and imported natural gas accounts for 95% of electricity production
12 hours ago
Vodafone Australia network outage hits thousands, services being restored
June 18 : Vodafone Australia said on Thursday that many customers experienced intermittent network issues after an outage at one of its network hubs, adding that the problem had been resolved and services were being progressively restored.More than 8,000 customers reported facing network issues earl ...
12 hours ago
Lululemon apologises after Great Wall drum sparks China backlash
Social media users object to the use of a Japanese drum at a site widely viewed as a symbol of Chinese national...
12 hours ago
South Korea market watchdog issues warning on leveraged stock investments
SEOUL, June 18 : South Korea's financial market regulator issued on Thursday an investor warning on single-stock leveraged investment products recently introduced amid a world-beating, chipmaker-led rally in the domestic market. "With stock market volatility increasing recently, there have ...
13 hours ago
Apple to raise prices due to memory chip shortage: CEO Cook
Memory and storage costs are both concerns for the company, with particular emphasis on the DRAM market
13 hours ago
Japan vows to act 'any time' on yen as markets brace for intervention
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves at any time, the government's top spokesperson said on Thursday as the yen's renewed slide tests Tokyo's resolve to prop up the sagging currency."We are ready to respond appropriately to currency move ...
13 hours ago
Japan ready to respond 'appropriately' to yen moves, government spokesperson says
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves, the government's top spokesperson said on Thursday as the yen's renewed slide tests Tokyo's readiness to intervene in the market to prop up the sagging currency."We are ready to respond appropriately ...
13 hours ago
KKR bets US$1.4 billion on aircraft leasing as Boeing and Airbus supply shortages boost demand
Since 2018, the private equity firm and Altavair have acquired 188 aircraft and engine assets
13 hours ago
KKR bets US$1.4 billion on aircraft leasing, eyes airlines, Boeing and Airbus
Since 2018, the private equity firm and Altavair have acquired 188 aircraft and engine assets