16 hours ago
Indonesia to cut ride-hailing companies’ maximum commission taken from drivers to 8%
[JAKARTA] Indonesia will cut the caps on the commissions that ride-hailing companies take from drivers for each trip to 8 per cent...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
China Sunsine reports 6% y-o-y increase in sales revenue for 1QFY2026
Teo Zheng Long - China Sunsine (SGX: QES ) has reported sales revenue of RMB890 million for 1QFY2026 ended March 31, up 6% y-o-y, driven by higher sales volume. For 1QFY2026, China Sunsine sold 60,916 tonnes of products, 15% higher y-o-y and hits another record high for its quarterly sales volume. Gross profit margi ...
17 hours ago
Gold heads for weekly loss on oil-driven inflation concerns
GOLD was steady in thin trading on Friday, but was on course for a weekly decline as higher oil prices fuelled inflation...
17 hours ago
Salt Investments aims to raise $4.8 mil placing out new shares at 0.275 cent
The Edge Singapore - Salt Investments plans to fund business expansion by raising some $4.8 million placing out around 1.75 billion new shares at 0.275 cent each. At 0.275 cent, that's a discount of 8.3% off the last traded price of 0.3 cent. Assuming all shares are taken, Salt Investments' share base will inc ...
17 hours ago
iWOW Technology to acquire The Gentle Group for a total consideration of $11.2 mil
Teo Zheng Long - iWOW Technology (SGX: NXR ) announced that it has entered into a sale and purchase agreement for the proposed acquisition of The Gentle Group Pte Ltd and its subsidiary, which is a provider of therapeutic nutrition solutions for seniors. The existing shareholders of The Gentle Group include its foun ...
17 hours ago
Japan's big trading houses expect record profits but utilities forecast pain as Iran war weighs
TOKYO, May 1 : Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while Japanese utilities warned of weaker earnings as fuel procurement costs spike.Japan, one of the world's most vulnerable countries to energy ...
17 hours ago
Japan trading houses expect record profits but utilities forecast pain as Iran war weighs
TOKYO, May 1 : Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while domestic utilities warned of losses as procurement costs spike.Japan, one of the world's most vulnerable countries to energy import disrupt ...
17 hours ago
Major Japanese trading houses expect higher profits as Iran war drags on
TOKYO, May 1 : Major Japanese trading houses on Friday said they expected higher fiscal year profits as the U.S.-Israeli war on Iran keeps commodity prices high, while domestic utilities warned of losses as procurement costs spike.Japan, one of the world's most vulnerable countries to energy im ...
17 hours ago
Japan's Marubeni targets second year of record profit on asset gains
TOKYO, May 1 : Japanese trading house Marubeni on Friday forecast 580 billion yen ($3.7 billion) in net profit for the current fiscal year, which would be a 6.6 per cent annual increase to its bottom line and a company record for the second year in a row. Marubeni, which conducts business across ene ...
17 hours ago
Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
Sandisk shares have risen more than 360 per cent this year
18 hours ago
History of Japan's intervention in currency markets
(Corrects issues causing hyperlinks to display incorrectly, no changes to text)TOKYO, May 1 : Japan's yen rebounded sharply against the U.S. dollar on Thursday after authorities intervened to prop up the embattled currency from near two-year lows.The yen surged as much as 3 per cent in London t ...
18 hours ago
Metro Holdings issues profit guidance for FY2026 results, expects overall net loss
Teo Zheng Long - Metro Holdings Limited (Metro) (SGX: M01 ) says that it is expected to record a loss attributable to shareholders for FY2026 ended March 31. The loss arises after taking into account its associates’ and joint ventures’ operating results from the fair value loss of the investment properties and i ...
19 hours ago
Global markets tread water as yen moves dominate currency trading
LONDON/SYDNEY, May 1 : Global shares steadied on Friday, as investors focused on currency markets after the yen jumped against the dollar in European trading a day after Tokyo authorities were believed to have intervened to prop up the currency.The dollar lost as much as 1 per cent against the yen i ...
19 hours ago
Global shares steady as yen intervention keeps currency markets in focus
LONDON/SYDNEY, May 1 : Global shares steadied on Friday, with attention firmly on currency markets after the yen suddenly jumped against the dollar in early European trading, a day after Tokyo authorities were widely believed to have intervened to prop up the Japanese currency.The greenback tumbled ...
19 hours ago
Asia shares find hope in tech resilience, oil off peak
SYDNEY, May 1 : Asian shares rallied in relief on Friday as oil prices came off the boil and upbeat company earnings pulled investors into tech stocks, while Japan's first yen-buying intervention in two years steadied the battered currency. Apple amplified the cheer by beating forecasts and pro ...
19 hours ago
Asia shares find relief in tech resilience, oil off peak
SYDNEY, May 1 : Asian share markets rebounded in relief on Friday as oil prices came off the boil and upbeat company earnings pulled investors into tech stocks, while Japan's first yen-buying intervention in two years steadied the battered currency. Apple amplified the cheer by beating forecast ...
19 hours ago
Yen jumps sharply as Japan warns it is ready to intervene again
Tokyo’s ramped-up rhetoric comes as the yen stays under pressure from wide US-Japan interest rate gaps
19 hours ago
Watch: PM Wong’s May Day Rally speech
PM Wong’s first May Day speech since the 2025 General Election comes amid a climate of geopolitical uncertainty
19 hours ago
Japan warns of speculative yen moves, signals chance of more intervention
TOKYO, May 1 : Japan's top currency diplomat Atsushi Mimura said on Friday that speculative moves persist in markets, a clear signal that Tokyo stands ready to intervene to shore up the yen. "I won't comment on what we'll do ahead. But I will tell you that Japan's Golden Wee ...
19 hours ago
Huawei expects AI chip revenue to jump at least 60% this year, FT reports
May 1 : Huawei expects revenue from its AI chips to jump at least 60 per cent this year, boosted by strong demand for domestic offerings from Chinese companies, the Financial Times reported on Friday.The Chinese tech company expects revenue from its chips to reach about $12 billion this year based o ...
19 hours ago
Bank collusion probe in Archegos meltdown closes without charges
THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill...
19 hours ago
Bank collusion probe in Archegos meltdown closes without charges in US
THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill...
19 hours ago
Japan's factory activity growth hits 4-year high on stockpiling, PMI shows
TOKYO, May 1 : Japan's manufacturing activity grew at its strongest pace in over four years in April, as companies ramped up production and stockpiled goods amid supply chain disruptions caused by the Middle East war, a private-sector survey showed on Friday. • The final S&P Global Japan ...
19 hours ago
South Korean April exports rise 48.0% y/y, as chip boom continues
SEOUL, May 1 : South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure boosted semiconductor sales to offset jitters from the Middle East conflict. Exports from Asia's fourth-largest economy, a bellwether for glo ...
19 hours ago
South Korea April exports rise 48.0% y/y, as chip boom continues
SEOUL, May 1 : South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure boosted semiconductor sales to offset jitters from the Middle East conflict. Exports from Asia's fourth-largest economy, a bellwether for glo ...
19 hours ago
Yen steadies after Japan intervention; traders brace for more action
TOKYO, May 1 : The yen trimmed gains against the dollar on Friday, but was still poised for its strongest weekly rally in more than two months after Japanese authorities stepped into the markets to haul the currency back from near two-year lows.Investors remained on high alert for further action fro ...
19 hours ago
Yen jumps as Japan threatens more intervention at end of busy central bank week
LONDON/TOKYO, May 1 : The yen suddenly jumped against the dollar again on Friday, a day after Reuters and others reported Tokyo authorities intervened to prop up the Japanese currency, while other majors drifted in holiday-thinned trading. Japan's top currency diplomat Atsushi Mimura on Friday ...
19 hours ago
Yen trims gains against dollar after Japan's intervention in markets
TOKYO, May 1 : The yen eased slightly against the dollar on Friday, but was still poised for its steepest weekly gain in more than two months after Japanese authorities stepped in to lift the currency from near two-year lows.Investors remained on high alert for further intervention from Japan's ...
20 hours ago
Fitch warns US debt burden is ‘far above’ other AA rated nations
All three major rating firms have the US pegged one level below triple-A
20 hours ago
3 in 5 Singapore travellers rethinking travel plans over flight prices: Skyscanner report
Therese Soh - Most remain certain about their ability to travel abroad in the next three months
20 hours ago
Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide
Jermaine Fok - BT rounds up recent moves by major companies to pare their workforce in 2026
20 hours ago
Core inflation in Tokyo stays below BOJ target for third month
TOKYO, May 1 : Annual core inflation in Tokyo hit 1.5 per cent in April, data showed on Friday, staying below the central bank's target for a third straight month as fuel subsidies offset rising raw material costs from the Middle East conflict.Analysts expect consumer inflation to re-accelerate ...
20 hours ago
Core inflation in Tokyo slows, seen accelerating on energy shock
TOKYO, May 1 : Annual core inflation in April hit a four-year low and stayed below the central bank's 2 per cent target for a third straight month, as fuel and education subsidies offset rising raw material costs from the Middle East conflict.Analysts expect consumer inflation to re-accelerate ...
20 hours ago
Toyota to build three assembly plants in India’s Maharashtra: Nikkei
The three new plants will make India Toyota’s fourth-largest production base