9 hours ago
Mapletree Logistics Trust posts 7% fall in Q4 DPU to S$0.01819
Chong Xin Wei - Distributable income down 6.1% at S$93 million from S$99.1 million
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
Marine war cover and the five powers clause
Tay Peck Gek - [SINGAPORE] There was confusion at the beginning of the US-Israel attacks on Iran about insurers dropping war coverage for vessels, leaving them...
9 hours ago
Elon Musk returns to witness stand for cross-examination by OpenAI's lawyer
OAKLAND, California, April 30 : Elon Musk returned to the witness stand on Thursday for a second day of cross-examination by Sam Altman's lawyer in a trial over a lawsuit Musk brought accusing OpenAI of abandoning its mission to develop artificial intelligence for the benefit of humanity. The w ...
9 hours ago
Elon Musk to return to witness stand for cross-examination by OpenAI's lawyer
OAKLAND, California, April 30 : Elon Musk is due to return to the witness stand on Thursday for a second day of cross-examination by Sam Altman's lawyer, in a high-stakes trial over a lawsuit Musk brought accusing OpenAI of abandoning its mission to develop artificial intelligence for the benef ...
9 hours ago
Google Cloud pulls ahead as Big Tech's AI bet swells to $700 billion
April 30 : Alphabet's blowout cloud growth has reset expectations across major tech companies, leaving investors to recalibrate which firms are delivering the clearest returns.All four of the U.S. tech giants that reported results on Wednesday signaled that spending on artificial intelligence w ...
9 hours ago
No indication of AI displacing jobs widely, as firms using AI see productivity gains: MOM report
Early evidence suggests AI is complementing rather than displacing labour in Singapore, though AI adoption at work still remains low.
9 hours ago
Whiplash on markets as oil prices fall from 4-year high, yen spikes, bond yields dip
LONDON, April 30 : Oil prices retreated after hitting a four-year high and global bond yields fell in a dramatic day on markets as the ECB and Bank of England kept rates steady on Thursday, while the yen surged following talk of foreign exchange intervention.European markets performed a U-turn in a ...
9 hours ago
Whiplash on European markets as oil tumbles off four-year high, yen spikes
LONDON, April 30 : European markets performed a sharp U-turn on Thursday as oil prices plunged after hitting a four-year high, UK gilt yields dropped after the Bank of England held interest rates and a jump in the yen prompted speculation about foreign exchange intervention.With a European Central B ...
9 hours ago
Oil worries spook European markets before ECB and BoE decisions
LONDON, April 30 : Renewed risk aversion swept global equity and bond markets on Thursday and oil surged to a four-year high on worries that the Iran war could worsen, before what could be difficult European Central Bank and Bank of England meetings.The rise of global oil benchmark Brent crude futur ...
9 hours ago
EM stocks, FX fall on renewed Iran war risks, but set for monthly gains
April 30 : Most emerging market stocks and currencies dipped on Thursday on concerns that the Iran war could escalate, sending oil prices soaring over 7 per cent, while investors assessed the impact of a hawkish stance by the U.S. Federal Reserve. Trump is slated to receive a briefing on plans for a ...
9 hours ago
Qualcomm jumps as optimism on smartphones, AI chips outweigh dismal forecast
April 30 : Qualcomm shares jumped more than 13 per cent on Thursday, as investors latched on to the chief executive's optimism about a recovery in its smartphone business and data center opportunities, eclipsing a weak third-quarter forecast.CEO Cristiano Amon, in an interview with Reuters on W ...
9 hours ago
Qualcomm shares jump as optimism on smartphones, AI chips outweigh dismal forecast
April 30 : Qualcomm shares jumped 10.3 per cent before the bell on Thursday, as investors latched on to the chief executive's optimism about a recovery in its smartphone business and data center opportunities, eclipsing a weak third-quarter forecast.CEO Cristiano Amon, in an interview with Reut ...
10 hours ago
MLT's 4Q2026 DPU fell 7% y-o-y while FY2025's DPU fell by 9.8%
The Edge Singapore - Mapletree Logistics Trust’s 4QFY2026 distributions per unit (DPU) for the three months to Mar 31 fell by 7% y-o-y to 1.819 cents while FY2026 DPU for the 12 months to Mar 31 declined by 9.8% y-o-y to 7.262 cents. Gross revenue and net property income (NPI) for 4Q FY2026 were 1.7% and 0.9% lower re ...
10 hours ago
SGX-Nasdaq dual-listing bridge to debut in mid-2026; resulting IPOs could tap EQDP funds
Benjamin Cher - The changes to the Securities and Futures Act could pave the way for more tie ups between SGX and other exchanges
10 hours ago
SGX-Nasdaq Global Listings Board on track for launch in mid-2026
Benjamin Cher - Prospective companies are likely to include Nasdaq-listed or Nasdaq-ready firms with international or Asian-focused growth strategies, say analysts
10 hours ago
New Global Listing Board set for mid-year debut: MAS and SGX RegCo
Felicia Tan - The new Global Listing Board (GLB) is set to be launched in the middle of the year, according to the Monetary Authority of Singapore (MAS) and the Singapore Exchange Regulation (SGX RegCo) on April 30. The announcement follows the public consultation pertaining to related amendments to the Securitie ...
10 hours ago
Japan's TEPCO posts 454.3 billion yen loss in year ended March
TOKYO, April 30 : Tokyo Electric Power Co on Thursday posted a net loss of 454.3 billion yen ($2.85 billion) for the fiscal year ended in March, compared with a 161.3-billion-yen profit a year earlier. TEPCO, which restarted a nuclear power reactor earlier this year for the first time since the Fuku ...
10 hours ago
As Fed holds rates steady, there are divisions over what the next moves will be
Outgoing chief Powell wants to stay on as a governor mainly as a guard dog for the central bank’s continued independence
10 hours ago
New tripartite council on jobs to help workers, businesses make AI skills 'as pervasive as possible'
Labour chief Ng Chee Meng said tripartite partners recognise workers' anxieties about AI and want to turn that into positive action.
10 hours ago
Singapore forms Tripartite Jobs Council to help workers and businesses navigate AI disruption
Tessa Oh - It will coordinate upskilling efforts, enterprise AI adoption and transition support across worker segments
10 hours ago
Fortress Minerals’ earnings jump 64.7% to US$9.8 mil for FY2026, proposes final dividend of 0.472 cents per share
Lin Daoyi - For FY2026 ended Feb 28, miner Fortress Minerals has reported earnings of US$9.8 ($12.5) million, representing a y-o-y increase of 64.7%, with earnings per share increasing by 50.8% y-o-y to 1.87 US cents. Revenue rose 14.2% y-o-y to a record US$64.3 million on the back of a 14.5% y-o-y increase in ...
11 hours ago
Grab gets first Singapore-Johor ride-hail licence as ‘anywhere’ drop-off rules kick in May 4
Shikhar Gupta - Passengers gain the convenience of unrestricted drop-offs across Singapore and key greater Johor districts
11 hours ago
Harbourfront, Joo Koon MRT among new pick-up points for cross-border taxis from May 4
Shikhar Gupta - Grab has also become the first ride-hailing service to get a Cross-border Ride-hail Service Operator Licence
11 hours ago
Harbourfront, Joo Koon MRT among new pick-up points for cross-border taxis
Shikhar Gupta - Regulators will activate three designated pick-up points in each country only for foreign cross-border taxis
11 hours ago
No question the AI megatrend continues, Taiwan's MediaTek says
TAIPEI, April 30 : The CEO of MediaTek, Taiwan's top chip design company, on Thursday said he has no doubts about the strength of the artificial intelligence wave, adding that demand for data centres is accelerating. Taiwanese tech companies like MediaTek and TSMC, the world's largest cont ...
11 hours ago
Trust Bank swings to profit for the first time in March; Q1 still loss-making
Benjamin Cher - It remains in the red for the first quarter of 2026 and for FY2025
11 hours ago
Bangladesh set to sign Boeing jet deal, shifting from Airbus
DHAKA, April 30 : Bangladesh is set to sign a deal on Thursday to buy 14 aircraft from U.S. planemaker Boeing, officials said, a move that marks a shift away from Europe's Airbus amid trade pressure from Washington.Officials did not disclose the value of the deal, which will provide a mix of na ...
11 hours ago
Australia shares hit four-week low
[SYDNEY] Australian shares ended at a four-week low on Thursday (Apr 30), extending losses to an eighth straight session as surging oil...
12 hours ago
DBS has ‘good shot’ of keeping profit close to 2025’s levels, says CFO
Kwan Wei Kevin Tan and Felicia Tan - DBS Group Holdings (SGX: D05 ) has kept its full-year guidance largely unchanged after a strong first quarter. For the 1QFY2026 ended March 31, the bank reported net profit of $2.93 billion, up 1% y-o-y and 24% q-o-q. Total income reached a new high of $5.95 billion, while return on equity (ROE) sto ...
12 hours ago
Lum Chang Creations seeks shareholders’ nod on bonus issue, lifting of MD’s share sale moratorium
Shikhar Gupta - To meet minimum shareholding rules, group proposing to let Lim Thiam Hooi place out up to 7.7 million shares
12 hours ago
Lum Chang Creations seeks shareholders’ nod on 1-for-1 bonus issue and lifting of MD’s share sale moratorium
Shikhar Gupta - To meet minimum shareholding rules, group proposing to let MD Lim Thiam Hooi place out up to 7.7 million shares
13 hours ago
Catalist-listed MoneyMax to transfer to SGX mainboard on May 6
Shikhar Gupta - The company’s placement of 53 million new shares on Monday fulfils the requirements for the move
13 hours ago
BOJ warns inflation could rise well above target in risk scenario
TOKYO, April 30 : The Bank of Japan is projecting core inflation hovering around 3 per cent, well above its 2 per cent target, for two years in a row under a risk scenario of elevated oil prices and a weakening yen, highlighting the economy's vulnerability to an energy shock.While BOJ said the ...
13 hours ago
BOJ sees inflation moving around 3% in risk scenario
TOKYO, April 30 : The Bank of Japan saw core inflation hovering around 3 per cent, well above its 2 per cent target, for two years in a row under a risk scenario released on Thursday that assumed elevated oil prices and a weakening yen.Under the board's baseline scenario released on Tuesday, th ...