12 hours ago
Sony, TSMC plan new Japan joint venture for next-generation image sensors
The partnership will explore opportunities in physical AI applications such as automotive and robotics
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
12 hours ago
SBS Transit Q1 profit slips 2.2% to S$15.6 million despite ridership gains
Young Zhan Heng - But its revenue grows by 4.8% to S$391.8 million
12 hours ago
US hybrid-car sales soar, along with petrol prices
Hybrids are generally less expensive than EVs and there are more models to choose from
13 hours ago
Asean must build collective resilience to brace for world of more disruptions and shocks: PM Wong
Tessa Oh - He says Asia will be the hardest hit given its high dependence on energy and other critical supplies from the Gulf
13 hours ago
Uber-backed Lime reveals revenue surge in US IPO filing
May 8 : Lime, which operates an electric bike and scooter network and is backed by Uber Technologies, reported a jump in yearly revenue in its filing for a U.S. initial public offering. The San Francisco-based startup did not reveal the terms of the offering in the filing. Activity in the U.S. IPO m ...
13 hours ago
Astronomers get the best look yet at the surface of an exoplanet
WASHINGTON, May 8 : Astronomers have gotten their clearest look yet at the surface of an exoplanet - a planet beyond our solar system - thanks to NASA's James Webb Space Telescope.Webb gathered data on a rocky exoplanet with a diameter about 30 per cent larger than Earth that indicates it is a ...
13 hours ago
Singapore stocks retreat as Asian markets trade mostly lower; STI down 0.4%
Jude Chan - Across the broader market, gainers trail losers 248 to 337, after 1.8 billion securities change hands
13 hours ago
Singapore stocks retreat amid mixed Asia trading; STI down 0.4%
Jude Chan - Across the broader market, gainers trail losers 248 to 337, after 1.8 billion securities change hands
13 hours ago
Hyundai Motor India targets 8–10% domestic sales growth as tax cuts boost demand
May 8 : Hyundai Motor India said on Friday that it expects domestic sales to grow 8-10 per cent in the current fiscal and plans to invest $794 million to double capacity at its Maharashtra plant, as the carmaker rides a demand boost following tax cuts.Vehicle sales in India have picked up since New ...
13 hours ago
Hyundai Motor India beats quarterly profit view on strong SUV demand
May 8 : Hyundai Motor India reported a smaller-than-expected drop in fourth-quarter profit on Friday, helped by strong domestic and export demand for its higher-margin SUVs.The unit of South Korea's Hyundai Motor reported a consolidated profit of 12.56 billion rupees ($132.96 million)for the qu ...
13 hours ago
HG Metal reports net profit of $6 mil for 1HFY2026, down 4% y-o-y
Teo Zheng Long - HG Metal (SGX: BTG ) has reported net profit after tax of $6.0 million for 1HFY2026 ended March 31, a decline of 4% y-o-y. Revenue stood at $81.0 million in 1HFY2026, a drop of 5% y-o-y, mainly due to a 1% drop in sales volume and a decline of 4% in average selling price amid the continued weakness ...
13 hours ago
Zara denies infringing Jo Malone trademark in Estee Lauder case
[LONDON] Fashion retailer Zara has denied infringing Estee Lauder’s Jo Malone trademark, saying in UK High Court filings that it uses the...
13 hours ago
TSMC’s sales grow slowest in months even as AI buildout persists
Analysts, however, expect its June-quarter revenue to grow almost twice as fast
14 hours ago
Iran uncertainty, credit costs in focus for UOB as analysts stay cautious with ‘hold’ ratings
Chloe Lim - This comes even after the lender’s Q1 profit beat consensus estimates by around 3%
14 hours ago
Food prices rise to highest in three years on Iran war costs
Global growers are already warning of decreasing planting areas and crop yields with costs surging
14 hours ago
Baidu’s AI chip unit plans dual IPO in Shanghai and Hong Kong
The semiconductor company is working with China International Capital on the listing in the mainland Chinese city
14 hours ago
Honda to report full-year operating loss of around $2.5 billion, Nikkei says
TOKYO, May 8 : Honda Motor is set to post an operating loss of around 400 billion yen ($2.55 billion) for the financial year just ended, hit by losses related to its electric vehicle business, the Nikkei business daily reported on Friday. Japan's second-biggest automaker is due to report full-y ...
14 hours ago
SoftBank cuts target for OpenAI margin loan by 40% to US$6 billion
Valuation concerns over the unlisted tech giant led investors to trim the US$10 billion plan
15 hours ago
Nintendo plans Switch 2 price increase as outlook disappoints
The company had until today resisted raising the price of its flagship console
15 hours ago
What’s at stake at the Trump-Xi summit
The US president will be keen fortrade concessions from Beijing ahead of November’s midterm elections
15 hours ago
US said to suspect Nvidia chips smuggled to Alibaba via Thailand
Since 2022, Washington has effectively blocked these processors from going to China over concerns that advanced AI could lend Beijing a military...
15 hours ago
SoftBank cuts target for OpenAI margin loan, Bloomberg News reports
May 8 : SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people familiar with the matter.Softbank and bankers have mentioned in discussions plans to revise the target to an amou ...
15 hours ago
SoftBank cuts target for OpenAI margin loan by 40% to $6 billion, Bloomberg News reports
May 8 : SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people familiar with the matter said.Softbank and bankers have mentioned in discussions targeting an amount as low as $6 ...
16 hours ago
Air India weighs cost cuts, flight reductions as Iran war worsens financial struggles
The Indian carrier’s losses have dragged down earnings at SIA, which holds a 25.1% stake
16 hours ago
Russia's internet crackdown hobbles small businesses
MOSCOW, May 8 : Russian dogwear entrepreneur Natalia Kukovinets has had to switch messaging apps multiple times to stay in touch with customers, one of many web-dependent businesses struggling with the Kremlin's widening internet crackdown.Restrictions on popular messenger apps such as Telegram ...
16 hours ago
Companies must get the basics right to ride this market
Teo Zheng Long - The local market has seen a sharp pick-up in activity. Straits Times Index component stocks led the rally, and smaller caps are now having their moment in the sun. Investors enjoy the thrill of discovering “hidden” gems and riding the wave as others pile in before interest shifts elsewhere. Howe ...
16 hours ago
A blue ocean? SingHaiyi bets on Loyang Valley plot
Gerine Tang Yi Qian - When Loyang Valley was put up for collective sale for the third time last September at $880 million — $100 million below its 2022 asking price — it drew no bids. This was hardly surprising. The area has long carried an “ulu” (Malay for remote) reputation, with perceptions of limited amenitie ...
16 hours ago
7 in 10 Malaysian manufacturing firms report worsening outlook amid Middle East conflict: survey
Tan Ai Leng - Depleting inventories, cash-flow strains and rising freight costs are eroding manufacturers’ margins
16 hours ago
Countries need to conserve fiscal firepower amid oil crisis: IMF
Kwan Wei Kevin Tan - The energy shock from the war in Iran is testing governments worldwide. Oil-importing countries have been hit hardest, with India shuttering hotels and universities amid the crisis. Even Malaysia, despite ample fuel supplies, is feeling the strain as it works to sustain its fuel subsidy programme, w ...
16 hours ago
Nintendo forecasts 16.5 million annual Switch 2 sales, hikes prices
TOKYO, May 8 : Nintendo said on Friday it expects to sell 16.5 million Switch 2 units in the financial year ending March 2027 and for operating profit to rise 2.7 per cent to 370 billion yen ($2.36 billion). • Nintendo sold 19.9 million Switch 2 units in the financial year ended March 31.• Ninte ...
16 hours ago
Nintendo forecasts 2.7% rise in full-year operating profit
TOKYO, May 8 : Nintendo on Friday forecast operating profit would rise 2.7 per cent to 370 billion yen ($2.36 billion) in the financial year ending March 2027.($1 = 156.8200 yen)
16 hours ago
A-Sonic Aerospace leans on acquisitions and buybacks to close valuation gap
Teo Zheng Long - For A-Sonic Aerospace’s (SGX: BTJ ) (A-Sonic) CEO Janet LC Tan, her journey in founding the company was driven more by her work experience than formal education. In a recent interview with The Edge Singapore, she recalls never really getting along with books during her school days. “After my sec ...
17 hours ago
No AI, poor returns drive Indian investors to foreign markets
India is only about 3% of the global equity market
17 hours ago
Toyota sees 20% drop in annual profit as Iran war weighs
The world’s top-selling automaker expects an operating income of 3 trillion yen in the year to March 2027