17 hours ago
Singapore stocks end higher amid mixed regional showing; STI up 1%
Across the broader market, gainers outnumber losers 390 to 204, as 2.1 billion securities worth S$4.5 billion change hands
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
17 hours ago
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Therese Soh - The closure will likely affect group revenue for FY2027
17 hours ago
Japan spent $73 billion in yen-buying intervention, ministry data shows
TOKYO, May 29 : Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only limited effect as the currency hovers near the same levels that prompted Tokyo to act. Ministry of Finance data released on Frida ...
18 hours ago
Nomura seeks US fund management acquisitions as part of global expansion
TOKYO, May 29 : Japan's Nomura Holdings is looking for acquisition targets for its investment management business in the U.S. to build on last year's $1.8 billion buyout of Macquarie's U.S. and European public asset management businesses, its chief executive said on Friday."Havin ...
18 hours ago
Singapore, Vietnam need shared model to engage businesses, academia in tech cooperation, says To Lam
Goh Ruoxue - The countries’ parallel ambitions create stronger basis for collaboration, adds Singapore Manpower Minister Tan See Leng
18 hours ago
Bank of England’s Bailey says allowing inflation to run above target is appropriate
Keeping interest rates on hold was already affecting the economy, he said
18 hours ago
Here's how Tyrannosaurus ended up with a big head and small arms
May 29 : Tyrannosaurus rex possessed a preposterously massive skull - 5 feet long (1.5 meters) and built to enable bone-crunching bite force - but presented preposterously puny arms. And many other meat-eating dinosaurs shared this mismatched combination of traits. So how did this come to be?Researc ...
18 hours ago
Sembcorp increases Vietnam-Singapore Industrial Parks
Lin Daoyi - Sembcorp Development, through its Vietnam-Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received investment approvals to develop four new VSIPs — VSIP Hai Phong II, VSIP Ha Nam Integrated High-tech Park, VSIP Nghe An IV and VSIP Binh Duong IV. Located in Vietnam and ranging ...
18 hours ago
Lincotrade secures $16.8 mil worth of new projects in 3QFY2026; order book increased to $107 mil
Teo Zheng Long - Lincotrade & Associates Holdings (SGX: BFT ) announced that it has secured seven new contracts with an aggregate value of $16.8 million for the three-month period from Jan 1 to March 31 (3QFY2026). With the latest wins, Lincotrade’s order book increased to $107 million as at March 31, compared ...
18 hours ago
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Kalpana Rashiwala - The price is nearly double the S$38.8 million Chrissy Luo paid for the property in 2011
18 hours ago
OCBC stays ‘buy’ on CLAS after ‘opportunistic divestment’ of 336-key Clarke Quay hotel
Jovi Ho - OCBC Group Research analyst Ada Lim is staying “buy” on CapitaLand Ascott Trust (CLAS) with an unchanged fair value estimate of 95 cents after its “opportunistic divestment” of The Robertson House by The Crest Collection in Singapore for $360 million, announced on May 29. The sale price of t ...
19 hours ago
'Year of carry': JP Morgan backs Asia credit after first-quarter slip
Belle Neo - Asia credit markets slipped in 1Q2026, ending the quarter down 0.5% and breaking four straight quarters of gains, as the Middle East conflict widened spreads by 19 basis points and pushed US Treasury yields up 18 basis points, according to JP Morgan’s Asia Credit Outlook 2Q2026. Despite the losses ...
19 hours ago
Dell shares soar 30% as AI server demand, price hikes power stellar quarter
May 29 : Dell's shares surged 30 per cent on Friday, as the PC maker's blockbuster results showed that its growing focus on AI servers was helping it capitalize on the data center boom, making the company one of the biggest beneficiaries of the new technology.The company, whose AI servers ...
19 hours ago
Dell shares soar 33% as AI server demand, price hikes power stellar quarter
May 29 : Dell's shares surged 33 per cent on Friday as the PC maker's blockbuster results showed that its growing focus on AI servers was helping it capitalize on the data center boom, making the company one of the biggest beneficiaries of the new technology. The company, whose AI servers ...
19 hours ago
Dell rallies about 40% on strong Nvidia‑powered AI server demand
May 29 : Shares of Dell Technologies soared nearly 40 per cent in premarket trading on Friday, after robust demand for its Nvidia-powered AI servers prompted the company to raise its annual revenue and profit forecasts.The AI server and enterprise infrastructure supplier is set to add more than $81 ...
19 hours ago
Japan’s Nikkei scales record peak on Mideast, AI optimism
[TOKYO] Japan’s Nikkei share average rose to a record high on Friday, powered by renewed optimism for a near-term peace deal in...
19 hours ago
UBS finds record shift in portfolio strategy by global family offices
Belle Neo - Family offices worldwide are making measured adjustments to their portfolios in response to an increasingly uncertain global environment, according to the UBS Global Family Office Report 2026. Drawing on insights from 307 family offices across over 30 markets, each with an average net worth of US$2. ...
19 hours ago
Bank of Italy talking to AI firms over security risks for banks
ROME, May 29 : The Bank of Italy is in touch with global providers of artificial intelligence technology ahead of the release of new AI models to the financial sector, Governor Fabio Panetta said in his annual keynote speech on Friday.• The central bank launched in recent days discussions with nat ...
19 hours ago
Bank of Italy engaging with global AI firms, governor says
MILAN, May 29 : The Bank of Italy is in touch with global provides of artificial intelligence technology ahead of the release of new AI models to the financial sector, Governor Fabio Panetta said in his annual keynote speech on Friday.* The discussions aim to ensure new AI models are properly implem ...
19 hours ago
Australian shares log best day in seven weeks on Gulf peace hopes
AUSTRALIAN shares booked their best session in seven weeks on Friday (May 29), as news of a potential deal to extend the...
19 hours ago
AI can boost Italy's weak labour productivity, central bank chief says
ROME, May 29 : Artificial intelligence can significantly boost Italy's weak labour productivity, the country's central bank governor Fabio Panetta said on Friday.• Panetta was speaking at the Bank of Italy's annual assembly.• He said under a slow-adoption scenario, AI could increa ...
19 hours ago
European markets rise as investors await US-Iran ceasefire extension
EUROPEAN shares rose on Friday (May 29) and were on track to end the month higher, as investors took comfort from expectations that...
20 hours ago
Indonesia inflation seen picking up to 2.97% in May, April trade surplus shrinking
JAKARTA, May 29 : Indonesia's annual inflation rate likely accelerated in May to 2.97 per cent, a Reuters poll showed on Friday, closer to the upper end of the central bank's target range amid rising prices of non-subsidised fuel, airfares and cooking oil.Following are details from the sur ...
20 hours ago
Honda recalls nearly 99,000 US vehicles over airbag issues
May 29 : Honda Motor is recalling 98,892 vehicles in the United States over a defect involving unintentional deployment of air bags, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday.Here are a few more details:• The recall includes certain Honda Acura TLX, Accord Hybr ...
20 hours ago
OpenAI gives Japan banks access to latest model, Japan's finance minister says
TOKYO, May 29 : Some Japanese financial institutions were granted access to U.S. AI giant OpenAI's GPT-5.5 model to defend against cyberattacks, Japanese Finance Minister Satsuki Katayama said on Friday."This is a welcome development and a big step forward in strengthening Japanese financi ...
21 hours ago
Vietnam-Singapore industrial park grid gets power-up amid deals inked during To Lam’s visit
Goh Ruoxue - Other developments include a new agrifood trade task force, strategic dialogue forum
21 hours ago
Vietnam-Singapore industrial park grid gets power-up amid slew of deals inked during To Lam’s visit
Goh Ruoxue - Other developments include a new agrifood trade task force, strategic dialogue forum
21 hours ago
Vietnam-Singapore industrial park grid gets power-up amid slew of deals inked at To Lam’s visit
Goh Ruoxue - Other developments include new agrifood trade task force, strategic dialogue forum
21 hours ago
Analysis:BOJ may heed calls to pause bond taper next year
TOKYO, May 29 : Bond market volatility is boosting the case for Japan's central bank to pause the unwinding of its massive debt holdings next fiscal year, which would give Prime Minister Sanae Takaichi some relief amid growing investor concerns about her spending plans.A pause would mark a turn ...
21 hours ago
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Deon Loke - Respondents also flag economic recession as a significant worry
21 hours ago
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: poll
Deon Loke - Respondents also flag economic recession as a significant worry
22 hours ago
UOBKH raises target price for Valuetronics to $1.88 on earnings and capital returns visibility
The Edge Singapore - Valuetronics Holdings has reported lower earnings for its FY2026 because of an impairment of an underperforming associate. However, John Cheong and Heidi Mo of UOB Kay Hian have nearly doubled their target price from $1.03 to $1.88, with an eye on the manufacturer's better earnings visibility, ...
22 hours ago
UK grocer Asda taps Ocado to revamp online business
LONDON, May 29 : British supermarket group Asda has struck a partnership with technology firm Ocado to overhaul its online business across the UK as it seeks to stem market share losses, the companies said on Friday. Asda, majority owned by private equity firm TDR Capital, is Britain's third-la ...
22 hours ago
UK grocer Asda taps Ocado to develop online business
LONDON, May 29 : British technology group Ocado has agreed a partnership with Asda to develop the supermarket group's online business across the UK and help it reverse a loss of market share, the firms said on Friday.Asda is Britain's third largest grocer but has been losing sales to bigge ...