OpenAI's $852 billion valuation faces investor scrutiny amid strategy shift, FT reports
April 14 : OpenAI's $852 billion valuation is under scrutiny from some of its own backers as the company shifts its focus to the enterprise market to fend off competition from Anthropic, the Financial Times reported on Tuesday.Last month, OpenAI raised $122 billion in what would likely rank as ...
Asian stocks rally, crude drops on lingering hope for a peace deal
The US military has begun its blockade of Iranian ports along the Strait of Hormuz, adding to fears for energy supplies from the Middle East.
Amazon nears deal for Globalstar in push to rival Elon Musk’s Starlink
Satellite broadband is seen as an increasingly viable alternative to ground-based service, especially in hard-to-reach locations
Australia's Qantas warns of big bill from higher jet fuel prices
The cost of jet fuel in the second half of 2026 is now expected to be A$3.1 billion to A$3.3 billion, up from A$2.5 billion in Qantas' previous forecast.
Qantas lifts fuel cost forecast as Middle East war jolts oil markets
The airline said it will be increasing fares and moving flights toward routes where demand remained strong
Higher inflation to help lift Parkway Life REIT's income, says DBS
The Edge Singapore - Derek Tan of DBS Group Research has maintained his upbeat call on Parkway Life REIT following prospects of higher inflation which will result in higher income, given how the REIT's income is structured. On April 14, the Monetary Authority of Singapore raised its inflation forecast to 1.5-2.5%, ...
M&A boom in Japan is fuelling record corporate bond sales
The nation’s companies face pressure from investors to deploy cash into growth investments
Amazon nears deal to buy Globalstar, Bloomberg News reports
April 13 : Amazon is in advanced talks to acquire satellite telecom group Globalstar, a deal that would bolster the tech major's push to build its own satellite operation, Bloomberg News reported on Monday.A transaction could be announced as soon as Tuesday, the report said, citing people famil ...
Union Steel’s executive chairman in married deal with Soup Holdings’ Mok Yip Peng with 25 mil shares changing hand
Teo Zheng Long - Union Steel’s executive chairman and CEO, Ang Yu Seng, has emerged as a substantial shareholder of Soup Holdings (SGX: 5KI ) , following a married deal with the company’s co-founder, Mok Yip Peng. According to SGX filings on April 13, Mok sold 25 million shares or 8.95% of the total shares issue ...
Nissan to trim global car lineup, boost use of AI driving tech
The automaker said it will update on the progress of its restructuring plan next month
DBS appoints energy and renewables head Kelvin Wong as new CSO
Janice Lim - Wong is also a member of the International Energy Agency’s finance industry advisory board
What to know about the US blockade of Iran’s ports
The ultimate aim of a blockade would be to cut off Iran’s oil flows, severing a vital financial lifeline for the regime
With cocoa prices down, UOBKH and RHB raise target prices for Delfi
The Edge Singapore - Heidi Mo and John Cheong of UOB Kay Hian have raised their target price for Delfi from $1.12 to $1.68, on the premise the cocoa prices, down some 60% from the 2024 peak, means lower cost pressures on the chocolate maker. In their April 14 note, Mo and Cheong point out that from up to US$12,900 per t ...
With cocoa prices down 60% from peak, UOBKH raises target price for Delfi to $1.68
The Edge Singapore - Heidi Mo and John Cheong of UOB Kay Hian have raised their target price for Delfi from $1.12 to $1.68, on the premise the cocoa prices, down some 60% from the 2024 peak, means lower cost pressures on the chocolate maker. In their April 14 note, Mo and Cheong point out that from up to US$12,900 per t ...
BlackRock’s Asia private credit fund sees China borrower default
The default comes at a time when the US$1.8 trillion asset class is facing deeper woes in the US after a wave...
Asian stocks rise on US-Iran deal hopes amid Hormuz blockade, oil falls
Since the US and Israel launched the war in late February, the Trump administration has taken repeated steps to contain prices
Asian stocks rise on Iran deal hopes, oil falls
Since the US and Israel launched the war in late February, the Trump administration has taken repeated steps to contain prices
Bank of Korea governor nominee positive about won-denominated stablecoins
SEOUL, April 14 : The nominee to become the Bank of Korea's governor agreed to introduce won-denominated stablecoins, saying they would play a role in the currency ecosystem of the future, according to written remarks that were submitted on Monday to parliament."I expect that central bank ...
DBS appoints Kelvin Wong to spearhead sustainability
Lin Daoyi - DBS, Singapore's largest bank, has appointed Kelvin Wong as chief sustainability officer. Wong will officially take over from Helge Muenkel on May 11 as the latter leaves the bank and relocates overseas. Joining DBS a decade ago, Wong is currently managing director and head of energy, renewable ...
HSBC chair says Middle East peace deal needed to restore global energy flows
HONG KONG, April 14 : HSBC Holdings Chair Brendan Nelson said on Tuesday that a Middle East peace deal was essential to ensure a substantial resumption of global energy flows, with oil-driven inflation looming as a major risk to the world economy.Nelson, speaking at the HSBC Global Investment Summit ...
Maybank maintains ‘hold’ for Q&M despite ambitious growth strategy; execution of M&A key to re-rating
Teo Zheng Long - Eric Ong of Maybank Securities has maintained a “hold” call and target price of 64 cents for Q&M Dental Group (SGX: QC7 ) (Q&M), given the relatively balanced risk-reward ratio for the ongoing potential M&As. In his April 14 report, Ong points out that Q&M recently embarked on an ...
Nissan to streamline global lineup to 45 models from 56
YOKOHAMA, Japan, April 14 : Nissan Motor said on Tuesday it plans to streamline its global lineup to 45 models from 56 and seek to deploy its artificial intelligence driving technology across 90 per cent of its lineup over the long term. The company said in a press release its ambition was to return ...
New Zealand dairy farmers pocket billions from huge capital payout
The Reserve Bank of New Zealand has long held the view that the capital return would be used to repay debt
Westpac flags Middle East risk, weaker markets income; mortgage portfolio sale cost hits profit
WESTPAC Banking Corp on Tuesday said conflict in the Middle East and resultant energy market shocks are emerging as profit pressures for...
DPM Gan warns against economic insularity as EnterpriseSG opens Texas office to deepen US ties
Young Zhan Heng - Enterprise Singapore’s new overseas centre in Texas is fourth such in America
Singapore must resist insular policies, deepen ties with trusted partners amid geopolitical fragmentation: DPM Gan
Young Zhan Heng - The minister was officiating the opening of Enterprise Singapore’s overseas centre in Austin, Texas, its fourth such centre in the US
DPM Gan warns against economic insularity as EnterpriseSG opens Austin office to deepen US ties
Young Zhan Heng - Enterprise Singapore’s new overseas centre in Texas is fourth such in America
Dollar steady as US blocks Iranian ships, talks continue
TOKYO, April 14 : The dollar was largely steady on Tuesday as investors weighed supply risks stemming from a U.S. blockade of Iranian ships in the Strait of Hormuz against the prospect of continued dialogue between Washington and Tehran that could lead to a breakthrough.The dollar index, which measu ...
Dollar steady as US blocks Iranian ships, diplomacy presses on
TOKYO, April 14 : The dollar was steady on Tuesday but set for a seventh straight daily drop, as markets weighed supply risks from a U.S. blockade of Iranian shipping in the Strait of Hormuz against hopes for a diplomatic breakthrough between Washington and Tehran.The dollar index, which measures th ...
Safe-haven dollar sinks slowly as traders hope for Mideast breakthrough
TOKYO, April 14 : The safe-haven dollar edged toward a seventh straight daily decline on Tuesday as investors positioned for a possible diplomatic breakthrough in the Middle East, even as the Gulf remained all but closed to energy shipments.The U.S. currency drifted between steady and slightly softe ...
Gold rises as traders weigh potential to revive US-Iran talks
Despite a moderate recovery in recent weeks, bullion has still fallen around 10% since the start of the conflict in late February
Stocks to watch: Oiltek International, Koh Brothers Eco Engineering, Koh Brothers, Acrophyte Hospitality Trust, Capital World
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 14):
Surging petrol prices drive record EV sales in Europe in March
New battery-electric and plug-in hybrid cars registrations rose 3 per cent year on year globally
Google faces mass arbitration by advertisers seeking billions
Over the past few decades, companies have increasingly sought to enforce arbitration accords with consumers and employees
