Dollar firms, yen steady as markets weigh Iran war, split BOJ decision
NEW YORK/LONDON, April 28 : The dollar strengthened on Tuesday as risk-off sentiment driven by the Iran war outweighed a brief yen rally sparked by the Bank of Japan’s most divided policy vote under Governor Kazuo Ueda.The BOJ held its policy rate steady at 0.75 per cent, but the 6-3 vote — the ...
Dollar picks up, yen steady as central banks in focus after BOJ holds
LONDON, April 28 : The dollar strengthened slightly while the Japanese yen was broadly steady on Tuesday as markets focused on central bank policy decisions and guidance while the Iran war loomed large.The yen had initially firmed after the Bank of Japan held interest rates steady in a split vote, b ...
Profluent, Lilly partner in genetic medicine deal worth up to $2.25 billion
April 28 : AI firm Profluent said on Tuesday it has struck a multi-program research collaboration with U.S. drugmaker Eli Lilly worth up to $2.25 billion to develop AI-designed enzymes for genetic medicines.Here are some details: • Under the agreement, Profluent will use its artificial intelligenc ...
Why anxieties are rising over the Malacca Strait, Asia’s key shipping route
International rules guarantee the strait passage, but an Indonesian toll idea sparks concern
BYD's quarterly profit slide fastest in six years
BEIJING, April 28 : Chinese electric vehicle maker BYD's quarterly profit fell at its fastest pace since 2020, a stock filing showed on Tuesday, weighed down by sluggish sales at home.First quarter net profit dropped 55.4 per cent from a year earlier to 4.1 billion yuan ($599.77 million), worse ...
BYD's quarterly profit slides fastest in six years as China sales falter
BYD's first-quarter net profit dropped 55.4 per cent from a year earlier to 4.1 billion yuan.
The AI arms race and China’s bid to stop Manus’ US$2 billion sale to Meta, explained
Tessa Oh - Manus’ parent company moved its headquarters to Singapore in June 2025, shortly before the Meta deal
Toyota suppliers feeling profit pressure from Iran war
NAGOYA, Japan, April 28 : Japanese parts suppliers to automakers including Toyota face mounting cost and supply uncertainties due to the Iran war, warning that oil-related product price rises could dent profits.Shortages of hard-to-substitute materials such as naphtha-derived products and aluminium ...
Indonesia's GoTo reports first quarterly profit
April 28 : Indonesian ride-hailing giant GoTo reported its first quarterly net profit on Tuesday.The company swung to an attributable profit of 257.94 billion rupiah ($14.99 million) for the three months ended March 31, from a loss of 283.33 billion rupiah in the same period last year. ($1 = 17,210. ...
Ping An profit falls as market decline hurts investment returns
Net income dropped to 25 billion yuan (S$4.6 billion), from 27 billion yuan a year earlier
Singapore stocks slip as oil tops US$110; STI down 0.1%
Renald Yeo - The benchmark index is close to where it was on the first trading day after the Iran war began
Singapore stocks slip 0.1% on Tuesday as oil tops US$110
Renald Yeo - The Straits Times Index falls 5.04 points to 4,887.69 – close to the level on the first trading day after the Iran...
Seatrium’s $400 million notes issuance 1.7 times covered
Lin Daoyi - In a bourse filing on April 28, offshore and marine company Seatrium announced the successful closing of its inaugural $400 million, 2.95% fixed rate notes due in 2031. This issuance marks Seatrium’s first drawdown under its $3 billion multicurrency debt issuance programme. The order book for the ...
Commonwealth becomes first fusion energy firm trying to connect to major US grid
WASHINGTON, April 28 : Commonwealth Fusion Systems, a private U.S. company hoping to build the first company to generate power with a process that mimics the sun, said on Tuesday it has become the first fusion company to apply to join a major power grid operator.Commonwealth, which is planning to op ...
Spotify forecasts second-quarter profit below estimates, shares fall
April 28 : Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America.Shares of the company fell around 6 per cent in premarket trading.Investors cl ...
Spotify forecasts second-quarter profit below estimates, shares slump
Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday (Apr 28), a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America.Shares of the company fell nearly 9 per cent in premarket trading.Investors clos ...
Analysis:SpaceX ties Musk compensation to Mars colonization goal
April 28 : SpaceX's board has approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company's ambitions: colonizing Mars and running data centers in outer space.The details of Musk's sweeping pay package, which have not been widely reported, ...
OpenAI trial pitting Elon Musk against Sam Altman kicks off
OAKLAND, California, April 28 : A trial that could help shape the future of artificial intelligence begins on Tuesday, with billionaires Elon Musk and Sam Altman at odds over the evolution of ChatGPT maker OpenAI from a nonprofit to a profit-seeking juggernaut worth hundreds of billions of dollars.O ...
Big Tech investors to gauge payoff as AI spending set to hit $600 billion
April 28 : Big Tech has spent hundreds of billions of dollars over three years to power the artificial intelligence boom. But investors still want one answer: will all this pay off?Quarterly results from Alphabet, Microsoft, Meta and Amazon - all due on Wednesday - will gauge if the sky-high spendin ...
Indonesia’s eFishery founder faces verdict in fraud case over alleged 70 billion rupiah losses
Elisa Valenta - Prosecutors have sought a 10-year prison term and fine of 1 billion rupiah for Gibran Huzaifah
Russian central bank wants mandatory yuan reserves for lenders
MOSCOW, April 28 - Russia's central bank wants commercial banks to hold mandatory reserves of yuan to prevent shortages of the Chinese currency in the foreign exchange market and rein in excessive lending, Governor Elvira Nabiullina said on Tuesday. Interest rates on yuan swaps jumped above 40 ...
BP Q1 profit beats expectations at US$3.2 billion, driven by Middle East trading boon
The company says it anticipates fuel margins to ‘remain sensitive’ to the cost of supply and conditions in the region
Citigroup lifts AI market view to over $4 trillion on enterprise adoption
April 28 : Citigroup raised its global artificial intelligence market forecast, citing faster-than-expected enterprise adoption of artificial intelligence tools for coding and automation, with companies such as Anthropic showing strong revenue growth.The Wall Street brokerage, in an April 27 note, e ...
RHB and PhillipCapital keeps ‘buy’ on Elite UK REIT following recent 1QFY2026 business updates
Teo Zheng Long - RHB Bank Singapore and PhillipCapital are keeping their respective “buy” calls on Elite UK REIT (SGX: MXNU ) following the recent 1QFY2026 business updates. In his April 27 report, RHB Bank Singapore’s Vijay Natarajan points out that Elite UK REIT is currently in discussions to refinance its d ...
Temasek, Canadian pension fund among investors looking to sell stakes in India’s NSE IPO: sources
The share sale by India’s largest exchange would have a value of US$2.75 billion
China’s central bank guides banks to step up lending in April: sources
PBOC’s rare credit push follows Middle East conflict fears and the nation’s ongoing property debt crisis
A*Star, JTC, Grab enter partnerships with robotics firm Sharpa to build Singapore’s physical AI sector
Jermaine Fok - Autonomous robots will be deployed at Punggol Digital District to explore various use cases, among other plans
Singapore’s EMA to study potential of deploying geothermal energy
Janice Lim - It is part of efforts to strengthen the Republic’s energy resilience and decarbonise the power sector
MPACT results briefing reveals continued challenges in North Asia
The Edge Singapore - Mapletree Pan Asia Commercial Trust’s (MPACT) FY2026 (for the 12 months to March 31) results briefing made for sombre listening. Headline distributions per unit (DPU) were only marginally lower y-o-y for the full year to 7.97 cents, and would have been a positive 1.1% if not for a one-time tax cha ...
Chevron to close deal for Singapore refinery stake sale to Eneos in May: sources
Both parties are reassessing some terms in the deal, including offtake agreements for refined products, they add
Eneos is in final talks for Chevron Asian assets: sources
The assets include refineries and gas stations in Singapore, Malaysia, the Philippines and Australia
Novartis misses Q1 profit estimates on steep generic erosion
Group operating income is down by 12% at US$4.9 billion, below analyst expectations of US$5.1 billion
South Korea's Kospi ends at record high, led by auto, steel firms
[SEOUL] South Korean shares hit a record high on Tuesday (Apr 28), led by gains in automakers and steel manufacturers, with investor...
Apac airlines hit record loads on Iran war reroutes, but 80% fuel spike threatens margins
Shikhar Gupta - Preliminary figures for March show 8.5% year-on-year growth in passenger traffic
