5 hours ago
Bridge Data Centres, Ecoceres use biofuel as backup energy to power data centres
BDC’s move comes amid rising demand for power to accommodate a surge in data centre construction in South-east Asia
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
European equities fall as fragile Mideast ceasefire dents risk sentiment
EUROPEAN shares tumbled on Tuesday, as fading hopes of a US-Iran peace deal pushed oil prices higher and kept investors on edge.
5 hours ago
EU targets social media to protect children, von der Leyen says
BRUSSELS, May 12 : The European Union is working on regulations to reign in on social media's business models to protect children and youth, European Commission's President Ursula von der Leyen said on Tuesday.The many damages caused to children and youth by exposure to social media are no ...
5 hours ago
EU considering social media 'delay' for children
The European Commission president has tasked an expert panel to report back by July on what steps the EU should take to protect minors online, including a potential social media ban.
5 hours ago
Sudden yen jump stokes rate check speculation
[TOKYO] The Japanese yen jumped suddenly on Tuesday (May 12), stoking speculation of a “rate check,” which is often a precursor to...
5 hours ago
Panasonic eyes aggressive AI profit push, battery unit misses target
TOKYO, May 12 : Panasonic Holdings flagged an aggressive push to lift profit through artificial intelligence-linked products on Tuesday even as its electric-vehicle battery unit struggled in the latest year and missed its full-year target.The Japanese group aims to grow its total adjusted operating ...
5 hours ago
Panasonic forecasts profit rebound for battery unit after quarterly loss
TOKYO, May 12 : Japan's Panasonic Holdings said on Tuesday it expected full-year profit at its energy unit, which supplies batteries to Tesla, to more than double, recovering after posting a quarterly loss.Operating income for the key segment is expected to total 171 billion yen ($1.09 billion) ...
5 hours ago
Hitachi to mull US$640 million stake sale in machinery firm
A 180-day lockup that restricted Hitachi from selling the shares expired last week
5 hours ago
World markets feel the strain as US–Iran war grinds on
LONDON, May 12 : From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets. Here's a look at some of the pressure points that are building: 1/ ASIA FEELS THE SQ ...
6 hours ago
Satellite firm SES's revenue soars on airline contracts, shares follow
May 12 : Satellite operator SES reported an 80 per cent jump in its constant-currency sales on Tuesday, bolstered by demand for inflight connectivity from major airlines, which sent the company's Paris-listed shares to their highest price since July 2022.Revenue surged to 847 million euros ($99 ...
6 hours ago
Satellite firm SES's revenue jumps 80% as airplane connectivity gains momentum
May 12 : Luxembourg-based satellite operator SES on Tuesday reported first-quarter results in line with market expectations and reiterated its yearly guidance, as it flagged strong momentum in its aviation and European infrastructure businesses. Revenue was 847 million euros ($996 million) in the qu ...
6 hours ago
DBS maintains 'buy' and $2.92 target price on UMS Integration; shares surge near 14%
The Edge Singapore - Ling Lee Keng of DBS Group Research has kept her "buy" call and E$2.92 target price on UMS Integration after AI-led semiconductor demand and disciplined cost control drove a broad-based earnings uplift for the company. In its most recent quarter ended March, UMS, led by executive chairman ...
7 hours ago
India's IT shares near three‑year low as OpenAI move revives AI fears
May 12 : India's IT shares fell to a three-year low on Tuesday as investor jitters around the threat posed by artificial intelligence to flagship IT firms flared up again, after OpenAI announced a new AI venture.The Nifty IT index fell 3.6 per cent to its lowest since May 2023, with Tata Consul ...
7 hours ago
India's IT index falls to three-year low on weak earnings outlook, demand worries
May 12 : India's Nifty IT index tumbled 3.6 per cent on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors.Analysts at HSBC said in a Tuesday note that fourth-quarter earnings and fiscal 2027 outlooks ...
7 hours ago
China’s independent crude refiners cut output in May as losses mount amid Iran war: sources
Some of the smaller refiners have shut their plants for maintenance, sources say
7 hours ago
China’s independent refiners cut output in May as losses mount: sources
Some of the smaller refiners have shut their plants for maintenance, sources say
7 hours ago
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources
Singapore is an important base for many China-based firms seeking to source crude and metals
7 hours ago
Former Singapore unit of sanctions-hit Hengli Petrochemical to cease operations: sources
The sanctions were imposed by the US Treasury over alleged purchases of Iranian oil, which Hengli denies
7 hours ago
RHB maintains 'buy' on AIMS APAC REIT, raises TP to $1.70 on data centre optionality and perpetual securities savings
Belle Neo - Vijay Natarajan of RHB Research Group has maintained his "buy" call on AIMS APAC REIT (AA REIT) and raised his target price from $1.62 to $1.70, implying 8% upside from its current share price of $1.56. Natarajan has also increased his FY2028 distribution per unit (DPU) estimate by 3%, fac ...
7 hours ago
CGSI reiterates 'add' on Hong Leong Asia, raises TP to $5.50 on powertrain strength and Yong Tai Loong acquisition
Belle Neo - Natalie Ong, Then Wan Lin and Tay Wee Kuang of CGS International have reiterated their "add" call on Hong Leong Asia (HLA) and with a higher target price of $5.50 from $4.50 previously on stronger powertrain earnings and the accretive acquisition of Yong Tai Loong (YTL). The analysts’ ne ...
8 hours ago
UOBKH sees 38.5% upside in Aoxin Q&M Dental on back of China dental consolidation push
Belle Neo - Tang Kai Jie of UOB Kay Hian has initiated coverage on Aoxin Q&M Dental with a "buy" call and a target price of 36 cents, implying an upside of 38.5% from its current share price of 26 cents. Tang’s target price is pegged to an FY2027 P/E of 52.5 times and 2.5 standard deviations (s. ...
8 hours ago
Malaysia economic growth likely slowed to 5.3% in January-March
BENGALURU, May 12 - Malaysia's economic growth likely eased in the first quarter, after expanding the most in more than three years in the previous quarter, according to a Reuters poll of economists, largely due to a normalisation in growth.Strong household consumption that has benefited from f ...
8 hours ago
China’s central bank warns on imported inflation from higher oil prices, focuses on policy transmission
Many economists have already scrapped their forecasts for a rate cut this year
8 hours ago
China’s central bank warns on imported inflation, focuses on policy transmission
Many economists have already scrapped their forecasts for a rate cut this year
9 hours ago
Stung by Iran war, Trump heads to Beijing summit with Xi in need of wins
Leaders seek to extend fragile trade truce, with Trump wanting Xi’s help to end unpopular Iran war
9 hours ago
Oil climbs but markets shrug off US-Iran deadlock
HONG KONG: Oil prices climbed on Tuesday (May 12) as US-Iran talks stalled, while markets were mixed as traders appeared to shrug off uncertainty over the 10-week-old war. Optimism over W
9 hours ago
Franklin Templeton appoints former BOS managing director to new Apac private markets wealth role
Shikhar Gupta - Chee Jiun Wen will be based in Singapore and will focus on expanding the company’s private markets franchise across the region
9 hours ago
Snacks giant Calbee, crunched by Iran-related ink shortage, switches to monotone packaging
Calbee's Potato Chips are instantly recognisable for their multi-hued designs but printing ink requires naphtha, an oil derivative for which Japan relies on imports from the Middle East for about 40 per cent of its consumption.
9 hours ago
Chinese AI firms push beyond Nvidia as DeepSeek turns to Huawei
The Chinese tech giant has said that it plans to release a chip for training this year
9 hours ago
Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says
HONG KONG, May 12 : Global hedge funds ramped up bets on Asia, with weekly buying of South Korean, Japanese and Taiwanese stocks hitting a 10-year high last week, according to a Morgan Stanley client note. Most of the equities buying "took place outside the U.S. with APAC driving the majority o ...
9 hours ago
SoftBank's OpenAI-related debt in focus as another strong quarter expected
TOKYO, May 12 : SoftBank Group is expected by analysts to report another robust quarterly profit on Wednesday as the technology investor benefits from its growing OpenAI bet, though concerns are increasing over the debt it is taking on to fund it.While SoftBank's "all-in" bet on OpenA ...
9 hours ago
Google scales up Singapore mosquito lab as AI takes on dengue
Nurdianah Md Nur - Google is expanding a Singapore lab that breeds mosquitoes, as part of a push to turn dengue control into a problem of robotics, software and industrial-scale production. The company's decade-old programme targeting mosquito-borne diseases, Debug, is upgrading its Singapore operation into its f ...
9 hours ago
UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1
Therese Soh - Group’s earnings up 43% at S$14 million in first quarter
9 hours ago
UMS Integration up 14.4% after posting ‘strong’ double-digit sales growth in Q1
Therese Soh - It declares a S$0.01 per ordinary share a tax-exempt cash dividend, payable on Jul 24