5 hours ago
Singapore’s Sea tests AI chatbot Migoo in quiet US foray
The project represents one of the company’s most significant steps into AI thus far
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
Beng Kuang looking ‘attractive’ at current price: UOBKH
Lin Daoyi - In a June 17 report, UOB Kay Hian’s Tang Kai Jie and Heidi Mo believe that the market has “underappreciated” the two recent contract wins worth $28.6 million by Beng Kuang Marine’s subsidiary Asian Sealand Offshore and Marine (ASOM). The contracts — for floating, production, storage and of ...
5 hours ago
Japan's May crude import price hits record high in yen terms amid Mideast war
TOKYO, June 17 : Japan's crude oil import price hit a record high in yen terms in May, surpassing April levels, Ministry of Finance data showed on Wednesday, driven by a surge in crude prices resulting from supply disruptions caused by the closure of the Strait of Hormuz.• The customs-cleared ...
6 hours ago
Italy's Engineering sells two units to Accenture
June 17 : Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.• No value for the transaction was disclosed.• Alfahealth and Industries eXcellence respectively offer digital solutio ...
6 hours ago
UK regulator sets out new rules on Google Search to boost competition
LONDON, June 17 : Britain's competition watchdog ordered Google to provide greater transparency on how its search rankings work, part of new requirements aimed at securing "a fairer deal" for businesses and improving the U.S. tech giant's services in the country. The first requir ...
6 hours ago
UK regulator sets out conduct requirements for Google's search services
LONDON, June 17 : Britain's competition watchdog set out two conduct requirements for Google's search services under its regulatory regime to secure "a fairer deal" for businesses and improve Google search services in the country. The first requires Google to improve transparency ...
6 hours ago
BMW plans to cut more costs after China slump hits outlook
It also cites negative sentiment from the Iran war for the decline
6 hours ago
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
The open category is the only one that is higher, with an increase of S$2
6 hours ago
Publicis chief urges France, Germany to lead European AI fund
PARIS, June 17 : Publicis chairman Maurice Lévy on Wednesday called on France and Germany to lead a pan-European artificial intelligence fund, saying the bloc's companies were too exposed to U.S. providers that could cut access to advanced AI models without warning.Speaking at VivaTech in Pari ...
7 hours ago
Analysis:BOJ deputy's brief moment at the helm reveals deeper inflation anxiety
TOKYO, June 17 : When the Bank of Japan's second-in-charge stepped in for his sick boss at this week's historic policy meeting, he delivered a surprisingly blunt message: The bank was in danger of falling behind the curve on inflation.Deputy Governor Shinichi Uchida, a career central banke ...
7 hours ago
SpaceX draws US$800 million from South Korean investors on trading debut
Global investor demand for its shares has pushed the stock 49% higher since its listing
7 hours ago
Japan moves toward first-ever consumption tax cut, adds to fiscal strain
TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances. The proposal, presented by a senior executive of the ruling Liberal Democratic Party (LD ...
7 hours ago
Japan's Nikkei closes at record high near 70,000 on AI boost
[TOKYO] Japan’s Nikkei share average closed at a record high for a third straight session on Wednesday (Jun 17), ending just shy...
7 hours ago
Keppel bags fourth fibre pair deal on Bifrost Cable System with ‘global technology leader’
Deon Loke - The asset manager says it expects an internal rate of return of ‘about 30%’ for the overall project
8 hours ago
UK inflation unexpectedly holds steady at 2.8% in May
Inflation was held down by food and non-alcoholic drinks
8 hours ago
Japan puts the heat on suspected ice cream cartel
Several ice-cream companies are being investigated following record sales during Japan's hottest summers, and after years of near-simultaneous price hikes across the industry.
8 hours ago
Nomura sees 30% increase in wholesale revenue as boom persists
The gains are ‘driven primarily by equity products’, the company says
8 hours ago
Australia shares close at two‑month high on Middle East optimism
[SYDNEY] Australian shares rose for a fourth straight session on Wednesday (June 17) to close at their highest in more two months,...
8 hours ago
Telegram challenging Indian government order that temporarily blocks its use
NEW DELHI, June 17 : Messaging app Telegram has filed a petition in a New Delhi court challenging an Indian government order that has temporarily blocked use of the platform in an effort to prevent exam fraud, a legal news website reported on Wednesday.The extraordinary order blocking the app cam ...
8 hours ago
Telegram challenging Indian government order that temporarily blocks its use, report says
NEW DELHI, June 17 : Messaging app Telegram has filed a petition in court challenging an Indian government order that has temporarily blocked use of the platform in an effort to prevent exam fraud, legal website Bar and Bench reported on Wednesday.The blocking of the app, which began on Tuesday and ...
8 hours ago
Uzbek president pledges continued reforms, tax-free zone at Tashkent forum
TASHKENT, June 17 : Uzbekistan's President Shavkat Mirziyoyev promised on Wednesday to continue economic reforms in the fast-growing Central Asian country, including establishing an independent financial regulator."We are always open to investors interested in cooperating with Uzbekistan a ...
8 hours ago
Central banks plot domestic and diverse gold storage locations, expect USD holdings to decrease
Lin Daoyi - According to the World Gold Council’s Central Banks Gold Reserves Survey 2026 issued on June 16, central banks are increasingly changing the storage locations for their gold reserves. The survey was conducted between Feb 5 to May 19, with the majority of the 76 responses coming in after the start ...
9 hours ago
Sun PhuQuoc Airways announces ambitious international expansion, aims for 200 aircraft by 2035
Derryn Wong - The carrier aims to fly new routes to South Korea, China, Thailand, Russia, Mongolia, Kazakhstan in 2026
9 hours ago
When billions watch, every impression counts
Laura Quigley - Marquee events are the crown jewels of the global media calendar. Cultural phenomena like the FIFA World Cup, Wimbledon Championships, and the Indian Premier League (IPL) do more than capture raw reach; they bring entire cities to a standstill. Today, however, that massive fan energy is no longer co ...
10 hours ago
ECB officials say peace in Iran isn’t enough to fix energy shock
The main concern is that it will take time to restore production capacity, repair infrastructure and get ships sailing again
10 hours ago
Keppel signs user for fourth Bifrost fibre pair, in talks with another and 'progressing well' on next cable system
The Edge Singapore - Keppel has found a user for another fibre pair for its Bifrost Cable System, which means there is only a remaining fibre pair out of the total of five not spoken for. According to Keppel, it has leased the fourth pair to an unnamed "global technology leader" and that it is in "active ...
10 hours ago
Bank of Korea vows to respond until inflation eases towards target
SEOUL, June 17 : The governor of the Bank of Korea on Wednesday vowed to adjust policy to curb inflation, as the central bank said price pressures were expected to keep inflation above its target through next year, even with progress toward ending the U.S. war with Iran."We will actively respon ...
10 hours ago
Bank of Korea expects inflation to exceed its target through next year
SEOUL, June 17 : South Korea's central bank said on Wednesday inflation was expected to exceed its target through next year, as upward price pressures remained high despite progress in talks between the U.S. and Iran to end the war. "Going forward, inflation is expected to stay high for a ...
10 hours ago
Italian mother takes on Meta, TikTok after daughter's death
ASTI, Italy, June 17 : In the span of just a few months, Irene Roggero Ugues watched her daughter Rossella's behaviour change as social media fed her an increasing stream of self-harm content, before the 12-year-old died by suicide.Only after Rossella's death did Irene and her husband unlo ...
10 hours ago
Toyota shareholders back Toyoda as chairman and new CEO Kon at annual meeting
TOYOTA CITY, Japan, June 17 : Toyota Motor shareholders re-elected Akio Toyoda as chairman and backed new CEO Kenta Kon as a board member on Tuesday, endorsing the automaker's leadership at the first annual meeting held during Kon's tenure.Shareholders also approved the re-election of four ...
10 hours ago
G7 leaders tackle reliance on China for critical minerals
Western powers are racing to secure offtake from mines and build up processing and recycling capacity
11 hours ago
China vows to improve anti-sanctions measures in financial law
The high-profile forum comes a day after the country released data showing the world’s second-largest economy slumped in May
11 hours ago
Economists raise inflation projections, lower growth forecasts in first MAS survey since Iran war
Elysia Tan - More now see MAS tightening policy in July, though majority still expect it to hold
11 hours ago
China’s central bank hints at shift towards overnight policy rate to match global peers
Such a move would mark another step in the PBOC’s revamp of its policy framework that began in 2024