10 hours ago
Nam Cheong sells two offshore support vessels for US$36.7 million
Chong Xin Wei - Net proceeds will fund the group’s shipbuilding activities, including fleet expansion
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
10 hours ago
DFI Retail Group Q1 underlying profit from continuing businesses up 49%
Chong Xin Wei - It expects FY2026 underlying profit to be between US$270 million and US$300 million
11 hours ago
Apple's Ternus era hints at renewed hardware focus, AI growth push
April 21 : Apple's appointment of longtime hardware chief John Ternus as CEO signals a renewed emphasis on its core strength in devices and focus on fusing AI capabilities into existing products to sustain growth, analysts said. Ternus, a 25-year veteran who has overseen development of key prod ...
11 hours ago
Apple's post-Cook future hinges on whether Ternus can ignite AI growth
April 21 : Apple's leadership change is the start of a new phase for the iPhone maker, in which the focus will be on whether its deep hardware heritage can be successfully fused with AI to sustain growth in a fast-evolving tech landscape, Wall Street analysts said.Apple faces mounting AI‑driv ...
11 hours ago
OUE Reit posts 8.4% rise in Q1 NPI to S$57.6 million
Chong Xin Wei - This comes amid stronger contributions from its commercial and hospitality segments
11 hours ago
Hong Leong Asia pays $90.7 mil for household shelter supplier Yong Tai Loong
The Edge Singapore - Hong Leong Asia has paid $90.7 million in cash for privately-held Yong Tai Loong, a supplier of household shelters and other building materials. Yong Tai Loong, according to Hong Leong Asia, has six decades of history and is one of the five household shelter suppliers approved by HDB. The acquisitio ...
11 hours ago
Trendlines portfolio company Celleste Bio introduces world’s first milk chocolate bars with cell-cultured cocoa butter
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, Celleste Bio, successfully produce the world’s first milk chocolate bars made with real cocoa butter using cell suspension culture technology. Major multinational snack company, Mondelēz International, used the co ...
11 hours ago
DFI's underlying profit from continuing operations up 49% y-o-y in 1QFY2026
The Edge Singapore - Driven by strong performances in its health & beauty and home furnishing segments, DFI Retail Group has reported a 12% y-o-y growth in its continuing businesses for the first quarter this year. Coupled with "disciplined" cost control and lower financing costs, the company managed to im ...
12 hours ago
Singapore blue chips rise marginally, in line with regional showing
Tay Peck Gek - STI gains 0.2% or 10.89 points to finish at 5,014.96
12 hours ago
US Supreme Court leans toward FCC in clash with wireless carriers over fines
WASHINGTON, April 21 : The U.S. Supreme Court appeared inclined on Tuesday to preserve the Federal Communications Commission's system for levying fines in a challenge by major wireless carriers to the agency's regulatory power. During arguments in the case, most of the court's nine ju ...
12 hours ago
US Supreme Court to assess FCC power to fine in clash with wireless carriers
WASHINGTON, April 21 : The U.S. Supreme Court is set on Tuesday to hear a dispute involving fines imposed by the Federal Communications Commission on major U.S. wireless carriers for their alleged failure to safeguard customer data in the latest case to reach the justices challenging the powers of a ...
12 hours ago
China's Victory Giant jumps 50% in Hong Kong debut after US$2.6 billion offering
HONG KONG: Shares of Chinese circuit board maker Victory Giant Technology closed 50.1 per cent higher in their Hong Kong debut on Tuesday (Apr 21), after raising HK$20.1 billion (US$2.6 billion) in a share sale in the city's biggest listing in about seven months.Shares of the company, based in ...
12 hours ago
Thales first-quarter sales jump nearly 10% as defence deliveries surge
April 21 : Europe's largest defence technology group Thales on Tuesday reported first-quarter sales well above analyst forecasts, with revenues rising nearly 10 per cent organically driven by surging defence deliveries.The group posted quarterly sales of 5.32 billion euros ($6.27 billion), up 9 ...
12 hours ago
Suntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war
Ry-Anne Lim - Wait-and-see stance and cautious spending slow bookings, but pipeline remains steady with no cancellations for Suntec and other operators
13 hours ago
Space investment in first quarter hits record as SpaceX IPO buzz lifts sector
April 21 : Global investment in space companies surged to a record in the first quarter of 2026, driven by larger late-stage financing and growing investor enthusiasm over SpaceX's public market debut, data from investment firm Seraphim Space showed on Tuesday.Funding reached $7.95 billion duri ...
13 hours ago
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
Koh Kim Xuan - CICT’s acquisition of Paragon mall cements its dominance in Singapore’s retail space, say analysts
13 hours ago
UK regulator probes Telegram over child sexual abuse concerns
LONDON, April 21 : Britain's communications regulator, Ofcom, launched an investigation on Tuesday into the Telegram messaging app after evidence suggested child sexual abuse material was being shared on the platform.The probe is part of UK efforts to crack down on children being exposed to har ...
13 hours ago
UK regulator investigates Telegram over child sexual abuse concerns
LONDON, April 21 : Britain's communications regulator on Tuesday launched an investigation into Telegram after evidence suggested child sexual abuse material was being shared on the platform and teen chat sites were being used by predators to groom children. The watchdog, Ofcom, said it had als ...
13 hours ago
NASA rover adds to the list of organic compounds detected on Mars
WASHINGTON, April 21 : Performing a type of experiment never before tried beyond Earth, NASA's Curiosity rover has identified more organic compounds on Mars as scientists strive to learn whether the Red Planet ever harbored life.Five of the seven diverse organic compounds confirmed by the six-w ...
13 hours ago
US dollar gains on Iran peace optimism and upbeat retail sales
NEW YORK, April 21 : The U.S. dollar edged higher on Tuesday on optimism that the U.S. will reach a ceasefire deal in the war with Iran, while retail sales data for March pointed to a strong U.S. economy.The U.S. military said on Tuesday it had seized a tanker linked to Iran in international waters, ...
13 hours ago
US dollar edges higher as Iran ceasefire deadline approaches
April 21 : The U.S. dollar edged higher on Tuesday after falling the day before as uncertainty over Middle East peace talks kept investors on the sidelines.The United States expressed confidence that peace talks with Iran would go ahead in Pakistan, but significant hurdles remain as the end of a two ...
14 hours ago
Centurion Corp's A$45 mil acquisition of miners' dorm in Australia is akin to a 'toll road': UOBKH
The Edge Singapore - Adrian Loh of UOB Kay Hian has kept his "buy" call and $1.90 target price on Centurion Corp after the dormitory operator acquired an asset in Australia for miners for A$45 million. "We view this as a strategic opportunity to acquire an operational, income-generating asset at appraised ...
14 hours ago
Here are SGX’s top 10 dividend and best-performing ETFs in the volatile first quarter
Koh Kim Xuan - Amid US-Venezuela tensions, Iran conflict, what ETFs, including dividend-paying ETFs, are top performing?
14 hours ago
Sony, Honda scale back EV venture after Afeela halt
TOKYO, April 21 : Sony Group, Honda Motor and their joint venture Sony Honda Mobility said on Tuesday they have decided to scale down the venture's operations, after scrapping plans for its Afeela electric vehicles last month.• Employees at Sony Honda Mobility are expected to be reassigned to ...
14 hours ago
Musk bought $1.4 billion SpaceX shares last year, The Information reports
April 21 : Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion worth of stock from current and former employees, The Information reported on Tuesday. The secondary stock purchase, made through Musk's trust, was disclosed in a draft of SpaceX's confidential IPO pros ...
15 hours ago
CATL share sale’s tightening discount shows China tech momentum
The inquiry‑based sale of 58 million shares, or 1.27% of CATL’s total shares
15 hours ago
Exclusive-Musk and insiders to retain voting control of SpaceX after IPO, filing shows
NEW YORK, April 20 : SpaceX plans to cement founder Elon Musk's control after its IPO, granting him and a small group of insiders super-voting shares that will outweigh other investors, according to excerpts of the company's IPO filing reviewed by Reuters.The prospectus, which was confiden ...
15 hours ago
German central bank chief calls for wide access to Anthropic's Mythos
FRANKFURT, April 21 : German central bank chief Joachim Nagel called on Tuesday for all institutions to have access to Anthropic's artificial intelligence model Mythos to keep the playing field even and to avoid it being misused. The Bundesbank head said banking authorities must act to prevent ...
15 hours ago
Europe must prevent misuse of Anthropic's Mythos, Bundesbank chief warns
FRANKFURT, April 21 : Banking authorities must prevent the misuse of Anthropic's Mythos, its most advanced AI model to date, which opens the door to new and sophisticated cyber risks, Bundesbank President Joachim Nagel said on Tuesday."Mythos is an AI model that appears capable of quickly ...
15 hours ago
BOJ warns prolonged Mideast tensions could raise costs, corporate defaults
TOKYO, April 21 : Japan needs to be vigilant against risks to its financial system stemming from developments in the Middle East, the central bank said on Tuesday, warning that prolonged tensions could keep energy costs elevated and increase corporate defaults."Japan's financial system has ...
15 hours ago
BOJ sees Japan's financial system stable, warns of Middle East, non-bank risks
TOKYO, April 21 : Japan's financial system maintains overall stability, but it's necessary to monitor the impact of developments in the Middle East and the rising activities of foreign non-banks, the central bank said on Thursday."Stress affecting non-banks in terms of credit or liqui ...
15 hours ago
Hong Kong flight capacity set to rise 10% on China, South Korea demand
Global capacity for May has been reduced by about three percentage points, according to data
16 hours ago
EssilorLuxottica faces test to grow smart glass sales without hurting margins
MILAN, April 21 : Franco-Italian eyewear group EssilorLuxottica is facing growing pressure from investors to show how it can scale up its ambitions for smart glasses without sacrificing margins.The eyewear maker has benefited from being a first mover in AI-powered glasses, and in recent quarters sal ...
16 hours ago
Analysis:Biofuels back in vogue as Iran war triggers oil price surge
LONDON, April 21 : Soaring oil prices in the wake of the U.S.-Israeli war on Iran are driving renewed demand for biofuels as the need to tackle a fossil fuel shortage outweighs concerns that using crops for fuel will drive up food prices.The conflict has disrupted about 20 per cent of the world' ...