5 hours ago
US ETF outperforming S&P 500 becomes substantial shareholder in Rex, has stakes in 30 Singapore stocks
Therese Soh - Yangzijiang Financial ranks top in stock weight among SGX-listed companies in the fund
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
Porsche cuts outlook as US tariffs, model revamp eat into profit
The manufacturer’s return on sales for 2025 could slide as low as 5%
5 hours ago
Uncertainties ‘likely to persist’, Singapore growth to moderate in 2H2025: MAS
Douglas Toh - The Monetary Authority of Singapore (MAS) projects Singapore’s economy to be “relatively subdued” for the rest of the year. The forecast follows the nation avoiding a technical recession in the 2Q2025. Based on advance estimates, Singapore’s economy expanded by 1.4% q-o-q seasonally-adjusted ...
5 hours ago
Singapore full-year growth to come in firmer than expected on H1 front-loading: MAS
Tessa Oh - This is even with growth moderating in H2 as front-loading effects fade and global demand slows
5 hours ago
Economists mixed on MAS October policy decision after central bank stands pat in July
Elysia Tan - Some expect the central bank to maintain the status quo, others believe that it will resume slope reduction
5 hours ago
Panasonic's battery-making energy unit books 47% y/y growth in Q1 profit
TOKYO :Panasonic on Wednesday said operating profit at its battery-making energy unit grew strongly in the first-quarter due to the AI investment boom, offsetting negative impact from U.S. tariffs and the termination of EV tax credits.The profit for the key unit, which makes batteries for Tesla and ...
5 hours ago
Panasonic Energy Q1 profit grows 47% year-on-year on AI boom
TOKYO :Panasonic on Wednesday said first-quarter operating profit at its battery-making unit grew 47 per cent as an AI investment boom offset the negative impact of U.S. tariffs and the termination of electric vehicle tax credits.Profit at the unit, which makes batteries for Tesla and other EV maker ...
5 hours ago
Panasonic's battery unit profit grows 47% y/y in Q1 on AI boom
TOKYO :Panasonic on Wednesday said operating profit at its battery-making energy unit grew strongly in the first quarter due to the AI investment boom, offsetting negative impacts from U.S. tariffs and the termination of electric vehicle tax credits.Profit for the key unit, which makes batteries for ...
5 hours ago
Rio Tinto posts smallest first-half profit in five years
It reported underlying earnings of US$4.81 billion for the six months ended June 30
5 hours ago
Temasek sees 10 times gain with 5.5 billion euro stake sale in Indian JV with Schneider
Sharanya Pillai - Temasek had bought the 35% stake in Schneider Electric India for 530 million euros in 2020
5 hours ago
Thai factory output rises 0.58% y/y in June, below forecast
BANGKOK :Thailand's manufacturing production index rose 0.58 per cent in June from a year earlier, the industry ministry said on Wednesday, missing analysts' expectations.The figure compared with a forecast year-on-year rise of 1.65 per cent for June in a Reuters poll, and followed an upwa ...
5 hours ago
Spain's HBX slides around 20% after full-year guidance trim
Shares in Spanish travel technology firm HBX Group slid 20.3 per cent at the open on Wednesday and were on track for their worst day ever, after the group revised its full-year guidance as a result of the macroeconomic backdrop and a weaker U.S. dollar.The company downgraded its expected 2025 revenu ...
5 hours ago
Spain's HBX trims full-year guidance on trade uncertainty, weaker dollar
Spanish travel technology firm HBX Group said on Wednesday it was revising its full-year guidance as a result of the macroeconomic backdrop and a weaker U.S. dollar.The company downgraded its expected 2025 revenues to between 720 million and 740 million euros ($831-$854 million) from a previous guid ...
5 hours ago
Meta faces Italian investigation over AI tool on WhatsApp
MILAN :Italy's antitrust authority said on Wednesday it had launched an investigation into Meta Platforms over allegations it had abused its dominant position by pre-installing its artificial intelligence tool on messaging service WhatsApp.The watchdog said Meta may have violated European Union ...
5 hours ago
Meta faces Italian competition investigation over WhatsApp AI chatbot
MILAN :Italy's antitrust authority said on Wednesday it had launched an investigation into Meta Platforms over allegations the company abused its dominant position by installing its artificial intelligence tool on messaging service WhatsApp.The watchdog said Meta may have violated European Unio ...
5 hours ago
Meta faces Italian probe over AI tool on WhatsApp
MILAN :Italy's antitrust authority said on Wednesday it had opened a probe into Meta for allegedly abusing its dominant position when installing its AI tool on Whatsapp messaging app.
6 hours ago
Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
The South Korean company is one of the few US producers of LFP batteries, a battery chemistry long dominated by Chinese rivals...
6 hours ago
Telefonica books $59 million net loss in second quarter on currency swings
MADRID :Spanish telecom giant Telefonica booked a net loss of 51 million euros ($58.93 million) in the second quarter due to currency swings and capital impairments on assets sold in Latin America.The company's net loss during the quarter compared with a 417 million euro net profit in the same ...
6 hours ago
OCBC's Lim raises fair value for CAO to $1.40
The Edge Singapore - Ada Lim of OCBC Investment Research has kept her "buy" call and raised her fair value for China Aviation Oil to $1.40 from $1.10, on expectations that the Shanghai-based jet fuel supplier remains firmly buckled on China's growing aviation traffic volume despite lacklustre consumer sen ...
6 hours ago
Mapping Robert Kuok’s century-old empire – and the heirs steering it
Goh Ruoxue - At 101, Malaysia’s richest man is still shaping a family empire that spans boardrooms across Asia
6 hours ago
Taiwan's Foxconn partners with TECO to build AI data centres
TAIPEI :Taiwan's Foxconn, the world's largest contract electronics maker, will form a strategic partnership with industrial motor maker TECO Electric & Machinery to boost development in the AI data centre market, they said on Wednesday.The move underscores Foxconn’s efforts to expand ...
6 hours ago
Foxconn says it will hold a press conference with TECO Electric on Wednesday
TAIPEI :Taiwan's Foxconn said it will hold a press conference with Taiwanese industry motor maker TECO Electric & Machinery Co at 3:30 p.m. (0730 GMT) on Wednesday. The press conference comes after the Apple and Nvidia supplier halted trading in its shares late on Tuesday, citing a plan to ...
6 hours ago
Foxconn will hold a press conference with TECO Electric on Wednesday
TAIPEI :Taiwan's Foxconn said it will hold a press conference with Taiwanese industry motor maker TECO Electric & Machinery at 3:30 p.m. (0730 GMT) on Wednesday. The press conference comes after the Apple and Nvidia supplier halted trading in its shares late on Tuesday, citing a plan to rel ...
6 hours ago
Taiwan's Foxconn, TECO Electric to form strategic partnership
TAIPEI :Taiwan's Foxconn said it will hold a press conference with Taiwanese industry motor maker TECO Electric & Machinery at 3:30 p.m. (0730 GMT) on Wednesday. The press conference comes after the Apple and Nvidia supplier halted trading in its shares late on Tuesday, citing a plan to rel ...
6 hours ago
UBS second-quarter profit doubles to $2.4 billion, beats estimates
It joined other major banks in making the most of a surge in trading activity amid market turmoil
6 hours ago
UBS beats expectations with US$2.4 billion second-quarter profit
The firm expects trading and transactional activity to become more normalised in the quarter ahead
6 hours ago
Indonesia to raise tax rate on crypto transactions
JAKARTA :Indonesia will raise taxes on cryptocurrency transactions, with a higher rate on trades hosted by overseas bourses, starting from August 1, according to a new finance ministry regulation.Cryptocurrencies have become a popular investment option in Southeast Asia's largest economy, where ...
6 hours ago
HSBC quarterly profit stung by higher costs, China charge
Harry Wilson and Ambereen Choudhury / Bloomberg - HSBC Holdings Plc’s earnings for the second-quarter fell short of expectations after it posted an increase in expenses, and took a charge on its holdings in a Chinese bank. The London-headquartered bank recorded a US$2.1 billion impairment linked to its stake in Bank of Communications Co, accordin ...
7 hours ago
Toyota sees record global sales despite Trump’s tariff turmoil
The US is the biggest export market for Japanese carmakers
7 hours ago
UBS second-quarter profit beats estimates as outlook brightens
Myriam Balezou and Noele Illien / Bloomberg - UBS Group posted higher than expected profit in the second quarter, and signalled that the prospect of cooling global trade tensions should support results as investor activity revives. The Zurich-based bank said net income was US$2.4 billion in the three months to June, compared with estimates for ...
7 hours ago
DBS raises target price for ESR REIT to $3.20, citing earnings growth ahead following asset enhancements
The Edge Singapore - DBS Group Research has kept its "buy" call on ESR REIT, with a view that earnings and net asset value can grow given how its portfolio repositioning and rejuvenation is underway. In addition, analysts Dale Lai and Derak Tan have raised their target price for this counter from $3.10 to $3.2 ...
7 hours ago
Capgemini narrows full-year guidance as it heads into uncertain third-quarter
French IT consulting firm Capgemini narrowed its guidance for the current financial year on Wednesday, citing caution in an uncertain economic context despite a resilient performance in the first half of the hear.Capgemini, whose services range from cloud and AI to enterprise management across a wid ...
7 hours ago
Capgemini tightens annual revenue guidance, outlook cautious
French IT consulting firm Capgemini tightened its full-year revenue guidance on Wednesday, while citing caution amid soft demand and an uncertain economic environment.The firm, whose services range from cloud and AI to enterprise management across a wide array of industries, now estimates full-year ...
7 hours ago
Capgemini tightens full-year guidance on caution amid softer demand
French IT consulting firm Capgemini tightened its guidance for the current financial year on Wednesday, citing caution amid slowing demand in the second quarter and an uncertain economic context.Capgemini, whose services range from cloud and AI to enterprise management across a wide array of industr ...