Wall Street stocks flourish, oil dives below $90 after Iran says Strait of Hormuz is open
NEW YORK/LONDON, April 17 : Wall Street stocks followed global indexes higher and the price of oil tumbled more than 11 per cent on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire in the three-week-old war launched by the U.S. and Israe ...
Brent crude tumbles to $90 a barrel, stocks and bonds jump after Iran says Strait of Hormuz is open
LONDON, April 17 : The price of oil tumbled and stocks and government bonds rallied on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire is in force.Abbas Araqchi said in a post on X that passage for all commercial vessels through the Str ...
Wilmar sees limited impact from Middle East conflict, cites indirect cost pressures
Chong Xin Wei - It says the ‘certain indirect impact’ takes the forms of higher freight, insurance and fertiliser costs
Global markets surge as Iran says Strait of Hormuz open during ceasefire
LONDON, April 17 : Stocks and bond prices jumped on Friday, while oil and the dollar fell sharply after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire, in line with the ceasefire in L ...
Brent crude may break its support as STI attempts an upside breakout
Goola Warden - Rotational interest will continue among the lower liners as they take turns to advance and inevitably retreat. A number of penny stocks are taking advantage of positive market sentiment to raise equity. Separately, the Straits Times Index managed to move above the psychological 5,000 level to test a ...
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
Chong Xin Wei - The deal puts the development among Singapore’s largest residential en bloc sales since 2007
Nassim Road bungalow changing hands for S$64.9m
Ry-Anne Lim - The buyer is understood to be Shiv Puri, an entrepreneur who started his own fund TVF
Nassim Road GCB property being sold for S$64.9 million
Ry-Anne Lim - This is the second recorded Good Class Bungalow sale in the area in a month
CDL Hospitality Trusts flags negative impact from Middle East conflict
Deon Loke - The effect has not been material to date, its managers say
CDL Hospitality Trusts flag negative impact from Middle East conflict
Deon Loke - The impact has not been material to date, the managers say
Siemens plans shareholder vote on Siemens Healthineers stake spin-off in February 2027
April 17 : Siemens said on Friday it planned a shareholder vote on a direct spin-off of Siemens Healthineers shares at its next shareholder meeting in February 2027.The announcement follows substantial progress in both the separation and regulatory clarification processes, it said, with final confir ...
Siemens plans shareholder vote on Siemens Healthineers spin-off in February 2027
April 17 : Siemens said on Friday it planned a shareholder vote on a direct spin-off of Siemens Healthineers shares at its next shareholder meeting in February 2027.The announcement follows substantial progress in both the separation and regulatory clarification processes, it said, with final confir ...
Seatrium customers defer maintenance and repair work amid Mid-East conflict
Chong Xin Wei - It is replenishing its order book with more than S$32 billion in pipeline deals over the next 24 months
Seatrium customers defer maintenance and repair work amid Mid-East conflict; no material impact expected
Chong Xin Wei - It is also replenishing its order book with more than S$32 billion in pipeline deals over the next 24 months across various...
Anthropic talks to EU, including on its cyber security models, Commission says
BRUSSELS, April 17 : U.S.-based artificial intelligence company Anthropic is currently in discussion with the European Commission on its different models, including its cyber security ones, which are not yet available in the EU, the Commission said on Friday. Anthropic has already committed to respe ...
Singapore shares fall on Friday, pending news of US-Iran diplomacy efforts; STI down 0.2%
Benicia Tan - Yangzijiang Shipbuilding leads the gainers on the benchmark index, rising to S$4.09
Chinese regulator fines, confiscates US$527m from food-delivery platforms
They violated food safety regulations
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Derryn Wong - Roy Tan owes the bank S$54.8 million and Sanjay Kumar Rai S$59.8 million
Scientists decipher the geological history of the Grand Canyon
April 17 : The Grand Canyon is a marvel on the landscape of North America, a breathtaking geological feature in the southwestern U.S. state of Arizona presenting dramatic contours and richly colored vistas.Research is now providing insight into how and when the Colorado River, whose continuous might ...
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
Renald Yeo - The lender also flags minimal private credit exposure, and says its balance sheet can absorb Middle East shocks
MTQ to make impairment because of Middle East, expects 2HFY2026 and FY2026 net loss
The Edge Singapore - MTQ Corporation warns that based on a preliminary assessment, it will likely recognise a goodwill impairment due to uncertain market conditions in the Middle East. As a result, the company expects to record a net loss for its 2HFY2026 and FY2026 ended March 31. On March 3, the company announced that ...
CRE, Middle East, gold and directors' fees among questions at UOB’s AGM
Felicia Tan - Questions posed at United Overseas Bank’s (UOB) 84th annual general meeting (AGM) ranged from its loan book and commercial real estate (CRE) to gold, private credit and directors’ fees. In November 2025, UOB announced “pre-emptive” general provisions of $615 million amid macro uncertainties ...
PLP Architecture, the firm redeveloping Clifford Centre, promotes senior leaders
Jovi Ho - London-headquartered PLP Architecture, the firm behind the ongoing redevelopment of Clifford Centre into The Clifford, has promoted five new partners and six new directors. The architecture and urbanism practice has also unveiled a new visual identity and website. Founded in 2009, PLP Architecture i ...
French train maker Alstom hit by delivery delays
The company's financial warnings also rattled investors, with shares dropping nearly 30 per cent on the Paris stock exchange.
French finance minister calls for more euro-pegged stablecoins
PARIS, April 17 : Europe needs more euro-based stablecoins, French Finance Minister Roland Lescure said on Friday, and urged the bloc's banks to explore tokenised deposits to help end U.S. dominance in digital payments. In pre-recorded comments at a crypto conference in Paris, Lescure said the ...
French finance minister calls for euro-based stablecoins
PARIS, April 17 : French Finance Minister Roland Lescure on Friday said Europe needed more euro-based stablecoins and encouraged the bloc's banks to explore tokenised deposits. In pre-recorded comments at a crypto conference in Paris, Lescure said the relatively small volume of euro-pegged stab ...
Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO
Ranamita Chakraborty - Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots
Batam’s data centre boom is just getting started, with caveats
Global backers, private equity firms, and telecom operators are pouring capital into the area
EU Commission awards 180 million euro cloud contract to four European providers
April 17 : The European Commission on Friday awarded a 180 million euro ($212 million) tender for sovereign cloud services to four European providers for a six-year period, as part of a push to reduce the bloc's dependence on non-European technology.The contract was awarded to Luxembourg's ...
India smartphone shipments fall to 6-year low in Q1 amid price hikes, Counterpoint Research says
April 17 : India's smartphone shipments fell 3 per cent year-on-year in the first quarter of 2026, marking their weakest quarterly performance in six years as cost pressures, price hikes and soft demand weighed on sales, Counterpoint Research said on Friday.• Over 80 smartphone models saw ave ...
Will the Philippines hit the brakes on a deregulated oil industry amid fuel pain?
With domestic pump prices continuing to rise, calls for state intervention are growing
Japan's core inflation likely ticked up in March fuelled by energy costs: Reuters poll
TOKYO, April 17 : Japan's core consumer inflation probably picked up slightly in March from the previous month due to higher energy costs, a Reuters poll showed on Friday, in a sign of the tangible impact of the Middle East conflict. The nationwide core consumer price index (CPI) - which includ ...
Ericsson first-quarter profit misses estimates on sluggish sales
The company has focused on slashing costs, eliminating about 5,000 jobs worldwide in 2025
In taxing wealth, how far can Singapore push property owners?
Tessa Oh - While inequality data has revived calls for wealth taxes, the government remains focused on immobile assets
