2 days ago
Oil prices fall on mounting hopes for de-escalation in US-Iran War
Iranian oil exports have fallen to their lowest level in six years mainly due to the US naval blockade
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Europe: Shares slip as tech rally stalls, Middle East uncertainty weighs
Technology stocks are among the top sectoral decliners with a 2.9% drop
2 days ago
Why China built capability and Japan preserved wealth
Tong Kooi Ong + Asia Analytica - In “The political economy of modern capitalism” (The Edge, June 1, 2026), I argued that modern economic systems are ultimately shaped less by ideology than by the incentives embedded within them — incentives that determine how savings are allocated, how firms compete and whether capital compou ...
2 days ago
The washing machine that explains China
Tong Kooi Ong + Asia Analytica - The simple washing machine is one real-world illustration of the thesis in “The political economy of modern capitalism” (The Edge, June 1, 2026). A 10kg Bosch washing machine in Malaysia can cost anywhere from around RM3,800 ($1,219) to RM7,000, depending on whether it is manufactured in China, ...
2 days ago
The ride-hailing company that explains modern capitalism
Tong Kooi Ong + Asia Analytica - Another way to understand the thesis in “The political economy of modern capitalism” (The Edge, June 1, 2026) is to translate the discussion from the macroeconomy to the microeconomy — from nations to firms. Consider Uber in the US and DiDi in China. The US enjoys significantly higher per capi ...
2 days ago
America may monetise AI, China may industrialise it
Tong Kooi Ong + Asia Analytica - The artificial intelligence (AI) race may not be decided solely by who invents intelligence first, but who deploys it across the physical economy at scale. Following our article “The political economy of modern capitalism” last week, we were asked numerous questions. And we ourselves also had mo ...
2 days ago
US: Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
Rising interest rates and the Iran war weigh on sentiment heading into the weekend
2 days ago
Seeking a job in finance? Internships are crucial for fresh grads, say observers
Meera Pathmanathan - They help undergraduates build real-world experience, problem-solving and adaptability skills
2 days ago
Netflix names longtime director Jay Hoag as chairman, succeeding Reed Hastings
June 5 : Netflix appointed lead independent director Jay Hoag as chairman of its board, succeeding Reed Hastings, who stepped down from the board of the streaming service he co-founded nearly three decades ago. Here are some details on the move:• The streaming platform announced the move in an SEC ...
2 days ago
Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test
June 5 : Marvell Technology is set to join the benchmark S&P 500 later this month, S&P Dow Jones Indices said on Friday, after the chipmaker cleared a key profitability hurdle riding an AI-fueled rally.The company will replace swimming pool equipment distributor PoolCorp on the benchmark ind ...
2 days ago
ITG reveals revenue rise in US IPO filing as listings market heat up
June 5 : Digital infrastructure services startup ITG reported a rise in quarterly and annual revenue in its filing to go public in the U.S. on Friday, as a host of companies line up to tap the public markets. A rebound in activity in the U.S. initial public offering market has made boardrooms eager ...
2 days ago
US says it will speed development and use of AI for national security
WASHINGTON, June 5 : The White House said on Friday it would accelerate the development and use of AI for national security applications, while stressing that the technology should not be used to carry out unlawful surveillance.The Trump administration said earlier this week that it would ask leadin ...
2 days ago
Chip selloff erases over $1 trillion in stock market value
June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street.The PHLX chip index slumpe ...
2 days ago
SpaceX IPO running at two times oversubscribed, sources say
NEW YORK, June 5 : - SpaceX has drawn investor demand that is about double the $75 billion it is seeking to raise next week in its IPO, or $150 billion, said two people familiar with the matter on Friday. An oversubscription rate of two times would be considered modest for most highly anticipated ma ...
2 days ago
SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO
June 5 : SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet's Google, locking in computing capacity as it prepares for its highly anticipated U.S. stock market debut next week.As part of the deal, Google will pay SpaceX $920 million monthly from Octobe ...
2 days ago
SpaceX signs cloud deal with Google
June 5 : SpaceX said on Friday it has entered into a multi-year cloud service agreement with Alphabet's Google for access to compute capacity.As part of the deal, Google will pay SpaceX $920 million per month from October this year to June 2029, with capacity ramping up through September at a r ...
2 days ago
Trump says his team will "look into" US taking stake in AI companies
WASHINGTON, June 5 : U.S. President Donald Trump on Friday told reporters that his team is looking into the idea of AI companies giving the American public a stake in their firms, adding that he planned to host a meeting with AI executives as soon as next week. "There's something very inte ...
2 days ago
Meta weighs big equity raising to finance AI infrastructure, FT reports
June 5 : Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company's AI ambitions, the Financial Times reported on Friday.The report comes after Alphabet moved to raise $84.75 billion in upsized equity offerings, as Big Te ...
2 days ago
Texas grid flags risks as data centers, crypto sites fail voltage tests
June 5 : Several large data centers and crypto facilities planning to connect to the Texas power grid ahead of peak summer demand have failed key reliability tests, raising the risk of power outages just as electricity use hits its seasonal high, according to the state grid operator.The rapid expans ...
2 days ago
Explainer-Why SpaceX faces a longer wait to join S&P 500
June 5 : SpaceX's entry into the S&P 500 will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs, delaying billions in passive fund inflows from the potential inclusion.The decision keeps several barriers intact. To join the S&P 500, a company must trad ...
2 days ago
Analysis:Global oil inventories depleted, next price spike could roil economies, markets
HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader fina ...
2 days ago
Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs
LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency. Its price has tumbled around 15 per cent ...
2 days ago
Greece to tax gains from crypto, sources say
ATHENS, June 5 - Greece is preparing legislation to impose a 15 per cent capital gains tax on cryptocurrencies, two government officials with knowledge of the issue told Reuters on Friday.Greece doesn't have a comprehensive legal framework for taxing cryptocurrencies, and European Union countri ...
2 days ago
LinkedIn co-founder Reid Hoffman to step down from Microsoft's board
June 5 : Reid Hoffman, billionaire co-founder of networking website LinkedIn, has decided not to stand for re-election to Microsoft's board of directors at its 2026 annual shareholder meeting, the software giant said in a filing on Friday. Hoffman, who has served on the board since 2017, will s ...
2 days ago
Two leaks detected on International Space Station, Russian space agency says
MOSCOW, June 5 : Russian state space agency Roscosmos said on Friday that its experts had detected two leaks aboard the International Space Station (ISS) but that there was no immediate threat to the crew."When the transition chamber compartment of the Zvezda module was pressurised... specialis ...
2 days ago
Space startup Apex doubles valuation to $2.3 billion in new funding
June 5 : Space startup Apex has more than doubled its valuation to $2.3 billion in under a year after raising over $200 million in a new funding round, the firm said on Friday, underscoring growing investor interest in the sector.The fundraise comes amid heightened investor enthusiasm in space explo ...
2 days ago
International Space Station astronauts in evacuation mode as Russia attempts to fix widening air leak
WASHINGTON, June 5 : Astronauts aboard the International Space Station were ordered by NASA to shelter in their spacecraft and prepare for potential evacuation on Friday as a Russian crew attempts to fix a worsening leak of air on its portion of the orbital laboratory, NASA said.The four astronauts ...
2 days ago
S&P 500, Nasdaq slip at open after solid jobs data fuels hawkish Fed fears; chip stocks fall
[NEW YORK] The S&P 500 and the Nasdaq dropped at market open on Thursday as chip stocks eased after a sharp rally,...
2 days ago
Jefferies expects S-REITs to enter DPU growth cycle
Goola Warden - A Jefferies report dated June 3 says S-REITs are entering the first genuine distribution per unit (DPU) growth cycle in nearly a decade. Lower local interest rates should feed into DPU in the form of lower finance costs as three-month Sora has been hovering around the 1.02% to 1.08% range for the pa ...
2 days ago
Singapore investors keep funds with Moomoo, Tiger Brokers, Longbridge amid China curbs
All three brokerages assure users in Singapore that business continues as usual
2 days ago
Fund manager Amova raises stake in Frencken to above 6%
Teo Zheng Long - Frencken (SGX: E28 ) announced that its substantial shareholder, Amova Asset Management, has acquired 1,007,800 shares back on June 2. In the SGX filing dated June 5, the shares were purchased for a total consideration of $2,638,650.96, which excludes brokerage and stamp duties. This translates to a ...
2 days ago
Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040, WSJ reports
June 5 : Morgan Stanley is projecting that SpaceX's revenue could reach $3.4 trillion in 2040, the Wall Street Journal reported on Friday, citing people familiar with the matter.The Wall Street giant is anticipating that revenue from SpaceX's AI business will dramatically grow in the comin ...
2 days ago
JPMorgan upgrades Tesla to ‘neutral’, expects robotics to drive long-term growth
The bank hikes its price target on the electric-vehicle maker’s shares to US$475 from US$145
2 days ago
URA lifts ban on new hotels, hostels and serviced apartments in Boat Quay, Beach Road areas
Ry-Anne Lim - The government will also pilot schemes in some precincts to test how space can be used to make the city centre more...