23 hours ago
Fu Yu shareholders question board credentials amid governance turmoil
Tessa Oh - Directors’ nationalities and seeming lack of experience with SGX-listed companies are among their concerns
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
24 hours ago
SHS Holdings receives EGM requisition to implement equal access share buyback at 17 cents per share
Teo Zheng Long - A group of SHS Holdings’ 566 shareholders who claims to control 23.5% of the shares are calling for an EGM for the company to conduct equal access share buyback offer at a price of 17 cents or up to 50% premium over the average closing share price for the last five market days. Apart from the abov ...
24 hours ago
US chipmakers hit record highs as Intel turbocharges AI rally
April 24 : U.S. chip stocks soared to record highs on Friday, with Intel's unexpectedly strong revenue forecast fueling fresh optimism that the AI boom driving this year's rally in the semiconductor sector is showing no signs of slowing down.The foremost stock index for chip makers - the P ...
24 hours ago
Meta inks multibillion-dollar deal to use Amazon chips for AI
The deal is the latest Big Tech tie-up as the industry scrambles to secure sufficient processors to power AI models
1 day ago
S&P 500, Nasdaq open higher on fresh hopes of US-Iran talks
[NEW YORK] The S&P 500 and the Nasdaq Composite rose on Friday (Apr 24) as renewed hopes for US-Iran negotiations to end...
1 day ago
P&G warns of US$1 billion profit hit in fiscal 2027 from higher oil prices
P&G joins a host of global companies flagging significant cost pressures from the war in Iran
1 day ago
Data center provider Csquare confidentially files for US IPO
April 24 : Data center provider Csquare said on Friday it has confidentially filed for an initial public offering in the United States, banking on improving investor appetite for new listings.The IPO market has picked up pace in recent days, with waning fears of a drawn-out Middle East conflict boos ...
1 day ago
As interest moves to semiconductor value chain stocks, the STI continues consolidation
Goola Warden - On Apr 24, prices of stocks related to the semiconductor value chain such as Sunright, AEM and UMS moved up sharply as evidenced by the following charts. Sunright is the subject of The Edge Singapore’s Frankly Speaking.
1 day ago
Uzbekistan to sell 30% stake in National Investment Fund in London, Tashkent IPOs
TASHKENT, April 24 : The government of Uzbekistan will sell a 30 per cent stake in the Central Asian country's National Investment Fund (UzNIF) in initial public offerings on the London and Tashkent stock exchanges in May, the president's press service said on Friday.The IPO will mark the ...
1 day ago
iFast says it’s not a key beneficiary of crisis-driven inflows, flags risk from Middle East tensions
Jean Low - It also unveils its planned CAGR at its AGM on Friday, but shareholders question the projections
1 day ago
Meta strikes deal with Amazon's cloud unit to use its CPU chips
SAN FRANCISCO, April 24 : Meta Platforms and Amazon.com on Friday said Meta will use Amazon Web Services' (AWS) Graviton5 central processing unit (CPU) chips, a deal an AWS executive told Reuters would span multiple years and be worth billions of dollars.• Meta will use "tens of millions ...
1 day ago
Charter sheds more broadband customers than expected in first quarter
April 24 : Charter Communications on Friday reported more broadband customer losses in the first quarter than analysts estimated, as telecom rivals offered aggressive promotional deals to draw users away from traditional cable internet.The company's shares fell more than 18 per cent to a near f ...
1 day ago
Geely’s Caocao to deploy thousands of fully customised robotaxis in 2027
Large-scale delivery and deployment of the Eva Cab is expected in 2028 before the fleet expands to 100,000 by 2030: CEO of...
1 day ago
COE quota: Cat A falls 2%, Cat B rises 7% for May to July
Shikhar Gupta - Bidding under this new quota will start on May 4
1 day ago
COE quota rises 1% to 19,052 for May to July
Shikhar Gupta - Bidding under this new quota will start on May 4
1 day ago
No prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty
Tessa Oh - This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity
1 day ago
Europe’s markets watchdog warns cyber threats are growing as AI speeds up risks
PARIS, April 24 : The chief of Europe’s securities regulator said the risks from and potential speed of cyberattacks are growing, joining a chorus of warnings from financial supervisors on the threats posed by artificial intelligence models that are evolving quickly. Geopolitical tensions have inc ...
1 day ago
STI dips 0.4% as investors are concerned about war and inflation
Tay Peck Gek - Benchmark Straits Times Index falls 21.25 points to finish at 4,922.86
1 day ago
Mitsubishi Electric considers alliance with Foxconn for joint automotive equipment operation
TOKYO, April 24 : Mitsubishi Electric signed a memorandum of understanding with Foxconn on Friday to explore a strategic alliance covering their automotive equipment businesses, with Mitsubishi Electric considering transferring a 50 per cent stake in its automotive unit to the Taiwanese manufacturer ...
1 day ago
Warburg Pincus-backed PDG taps Goldman for stake sale: sources
Other investment firms and industry players have shown interest in the data center operator
1 day ago
RHB raises target price for OCBC to $24.65 despite NIM pressure
The Edge Singapore - RHB Bank Singapore has raised its target price for Oversea-Chinese Banking Corp to $24.65 from $23.45, even though the upcoming 1QFY2026 patmi to be announced on May 8 is seen to be "marginally" lower y-o-y on lower net interest margin, but up q-o-q following a seasonally slower fourth qua ...
1 day ago
Samsung's chip output drops overnight as workers protest over pay, union says
SEOUL, April 24 : Samsung Electronics' production of foundry and memory chips at its facilities in South Korea dropped 58 per cent and 18 per cent, respectively, during the overnight shift on Thursday as unionised workers attended a protest demanding higher wages, the company's union said. ...
1 day ago
Samsung's chip output dropped amid workers' rally, union says
SEOUL, April 24 : Production of foundry and memory chips at Samsung Electronics's facilities in South Korea dropped 58 per cent and 18 per cent, respectively, during the overnight shift on Thursday as unionised workers attended a rally demanding higher wages, the company's union said. Sams ...
1 day ago
At SpaceX, AI is burning the cash that Starlink earns
April 24 : Elon Musk is touting SpaceX as humanity's ticket to Mars. But the company's pitch to investors for a potentially historic IPO reveals that its main business will be the same as Big Tech: building artificial intelligence.The difference is in how the companies fund the spending. W ...
1 day ago
Analysis:At SpaceX, AI is burning the cash that Starlink earns
April 24 : Elon Musk is touting SpaceX as humanity's ticket to Mars. But the company's pitch to investors for a potentially historic IPO reveals that its main business will be the same as Big Tech: building artificial intelligence.The difference is in how the companies fund the spending. W ...
1 day ago
How golf’s Singapore Open captured my mind and heart over the last 50 years
Memories abound as the inaugural S$20,000 event in 1961 is now a multi-million-dollar championship
1 day ago
Sheng Siong says it will keep prices affordable amid Iran war cost pressures
The supermarket also said it does not foresee any major disruptions that would materially affect the availability of essential products at its stores.
1 day ago
Cosmo tanker could reach Japan on Sunday with first US shipment post-Iran war
TOKYO, April 24 : A tanker carrying U.S. crude for Cosmo Oil is expected to arrive near Tokyo as early as Sunday, Japan's industry ministry said, marking the country's first such shipment secured after the Iran crisis began.The tanker, loaded in Texas on March 22, is due to arrive off Chib ...
1 day ago
Intel soars on signs AI boom for CPUs is here
April 24 : Demand for Intel's central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company's shares soaring on Friday.The stock was 28 per cent higher at $85 in pre ...
1 day ago
Intel set for record high as AI-driven CPU demand powers upbeat forecast
April 24 : Intel shares jumped more than 22 per cent in premarket trade on Friday as the chipmaker's robust revenue outlook signaled strong demand for the hardware needed to run advanced AI models.If gains hold through close, the shares are set to hit a record high for the first time since 2000 ...
1 day ago
DBS, UOBKH maintain respective 'buy' calls on Digital Core REIT
The Edge Singapore - Digital Core REIT’s 1QFY2026 net property income dipped by 4.9% y-o-y and distributable income flat, but analysts remain upbeat that the REIT will see upside from here with leasing momentum going ahead. In his April 23 note, Dale Lai of DBS Group Research notes that the REIT’s portfolio occupanc ...
1 day ago
DeepSeek unveils flagship AI model a year after breakthrough
The V4 Flash and V4 Pro come with several architecture upgrades and optimisation improvements
1 day ago
Hospitality veterans David Michels, Howard Panter appointed to Millennium & Copthorne board
Therese Soh - This follows the resignation of three directors linked to CDL’s high-profile boardroom tussle
1 day ago
Electrolux's shares fall 24% on US slump, $1 billion rights issue
STOCKHOLM, April 24 : Electrolux shares plunged 24 per cent on Friday as weak U.S. demand hit its first-quarter results, hours after it announced a $1 billion rights issue and a North American tie-up with Chinese rival Midea.The appliance maker, which has struggled in the face of weak demand and cut ...