4 hours ago
AI is rewriting private bankers’ job description
They need to understand the technology, know the guard rails that govern it, and preserve the human judgment that neither can replace
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
4 hours ago
South Korea's central bank cites war uncertainty in cautious approach, minutes show
SEOUL, April 28 : South Korea's monetary policy board said a cautious, wait-and-see approach is appropriate for now as heightened uncertainty from the Iran war warrants more monitoring of its impact on growth and inflation, minutes from central bank's previous meeting showed on Tuesday. &q ...
4 hours ago
Google signs classified AI deal with Pentagon
The agreement allows the Pentagon to use Google’s AI for “any lawful government purpose”
5 hours ago
BOJ Governor Ueda's comments at news conference
April 28 : The Bank of Japan kept interest rates steady on Tuesday but three of its nine-member board proposed hiking borrowing costs, signalling policymakers' concerns over inflationary pressures from the Middle East conflict.The central bank also sharply revised up its price forecasts and str ...
5 hours ago
South Korea surpasses UK to become world’s 8th largest stock market
SOUTH KOREA has leapfrogged the UK to become the world’s eighth-biggest stock market, fuelled by a high-octane rally in its artificial intelligence-linked...
5 hours ago
Germany's military shuns Palantir for now, cyber chief tells Handelsblatt
FRANKFURT, April 28 : Germany's armed forces do not plan to award contracts to U.S. data analytics and defence software company Palantir for now, a leading military officer told the Handelsblatt newspaper."I don't see that happening at all at the moment," Thomas Daum, in charge o ...
5 hours ago
Nippon Express shares soar after Elliott discloses latest Japan stake
TOKYO, April 28 : Shares of Japanese logistics firm Nippon Express Holdings leapt as much as 15 per cent after U.S. activist investor Elliott Investment Management disclosed a 5.04 per cent stake in the company on Tuesday.The stake is the latest in a string of investments in Japanese firms by Elliot ...
6 hours ago
Meta prepares to undo Manus acquisition after China ban: Report
China had earlier ordered Meta to unwind its US$2 billion-plus acquisition of the artificial intelligence startup.
6 hours ago
Indonesia to remove import duties on some plastic products and LPG for petrochemical industry
JAKARTA, April 28 : Indonesia plans to remove import duties on some plastic products as well as liquified petroleum gas (LPG) bought by the petrochemical industry to help plastic producers cope with a naphtha shortage, its chief economic minister said on Tuesday.Coordinating Minister for Economic Af ...
6 hours ago
Australia to charge Big Tech companies 2% levy unless they strike local news deals
Trump opposes digital services taxes on US tech giants and has threatened tariffs on countries that pursue them
6 hours ago
China’s Chery seeks to be ‘Toyota plus Tesla’ as it targets global expansion
The company’s global sales have surged in recent years, almost quadrupling from 2020 to 2025
7 hours ago
China’s state refiners seek to resume fuel exports after halt
The government has yet to announce any change to permits following the request
7 hours ago
Meta prepares to undo acquisition of Singapore-based Manus after China ban: report
Beijing has given the two firms a preliminary deadline of several weeks to reverse the transaction
7 hours ago
Google signs classified AI deal with Pentagon, The Information reports
April 28 : Alphabet's Google has signed a deal with the U.S. Department of Defense to use its AI models for classified work, the Information reported on Tuesday, citing a person familiar with the matter.Reuters could not immediately verify the report.
7 hours ago
Singapore-based Digital Edge weighs options including sale for up to US$10 billion: sources
The company provides data centre and fibre services in several countries in the Asia-Pacific region
7 hours ago
Thailand sees weaker growth, higher inflation on Middle East crisis
Headline inflation will average 3% this year, the top end of the central bank’s 1%-to-3% target range
7 hours ago
Chinese battery maker CATL signs first major sodium-ion deal for energy storage
BEIJING, April 28 : Chinese battery maker CATL has signed the first major deal for sodium-ion batteries, an emerging technology that promises a lower-cost, safer alternative to widely used lithium-ion batteries. CATL will ship 60 gigawatt-hours (GWh) of the batteries to energy storage system manufac ...
8 hours ago
American Airlines sells US$1.14 billion in bonds for 32 planes
Airline results are being pressured now by higher oil prices
8 hours ago
Chinese EV battery maker CATL rides green energy wave to raise US$5 billion in Hong Kong
The oil shock is quickening the global pivot to clean energy, a sector dominated by CATL
8 hours ago
Indonesia train crash toll rises to 14 as rescuers complete evacuation
A women-only carriage bore the brunt of the crash
8 hours ago
Why AI isn't fixing software developer burnout
Leonard Tan - For years, software development has been associated with long nights, complex integrations, and the relentless pressure to ship faster. When artificial intelligence (AI) entered the mainstream, many assumed it would finally ease the burden by automating repetitive tasks, accelerating coding, and red ...
8 hours ago
China races to build record biobank to rival US drugs research
Beijing has equally begun to protect its own nascent databases, passing a biosecurity law in 2020
8 hours ago
Japan government weighs golden share to maintain Tepco oversight, TV Tokyo says
TOKYO, April 28 : The Japanese government is considering a "golden share" plan for Tokyo Electric Power Co (Tepco) that would give it veto rights over key decisions as the utility seeks partners, TV Tokyo reported on Tuesday.The plan would involve creating an intermediate holding company f ...
8 hours ago
BOJ keeps rates steady but hawkish split points to June hike
The central bank also sharply revises up its price forecasts and stresses vigilance to the risk of an inflation overshoot
8 hours ago
Tng of CGSI raises ISDN's target price to 96 cents on resilient industrial automation business
The Edge Singapore - William Tng of CGS International has more than doubled his target price for ISDN Holdings from 44 cents to 96 cents, on the premise that the company's resilient industrial automation business will see further growth, therefore justifying a higher earnings multiple. In February, ISDN reported FY ...
8 hours ago
Chinese refiner Hengli, sanctioned by US, restructures Singapore unit: sources
Washington sanctions refinery unit for allegedly buying billions of dollars in Iranian oil
8 hours ago
US-sanctioned Chinese refiner Hengli restructures Singapore unit
Washington has also sanctioned shipping companies and tankers involved in the Iran oil trade
9 hours ago
Investors react to BOJ's decision to hold rates
April 28 : The Bank of Japan kept interest rates steady on Tuesday but three of the nine-member board proposed hiking borrowing costs, signalling the bank's concern over inflationary pressures from the Middle East conflict.As widely expected, the central bank left unchanged its short-term polic ...
9 hours ago
First LNG shipment since war began appears to exit Hormuz
The ship is estimated to reach the Asian country by May 15, the data shows
9 hours ago
Crude extends gains as Trump considers latest Iran proposal
HONG KONG: Oil prices edged up and stocks wavered on Tuesday (Apr 28) as Donald Trump weighed an Iranian proposal that would reportedly reopen the Strait of Hormuz and end the eight
9 hours ago
Will Hongkong Land seek to control the manager of Suntec Reit or the trust’s most prized properties?
Leslie Yee - Investing in a Reit where another group is the sponsor may be hardly optimal for the property giant
9 hours ago
For the average price of a car in the US, you could buy 5 new Chinese EVs
[BEIJING] Call it a different kind of sticker shock.
9 hours ago
OpenAI falls short of revenue and user targets as it races toward IPO, WSJ reports
April 27 : OpenAI has fallen short of its goals for new users and revenue in recent months, sparking concern among some company leaders over whether it can support its extensive data-center spending, the Wall Street Journal reported on Monday, citing people familiar with the matter. Here are a few d ...
9 hours ago
UOBKH's Koh maintains 'buy' call and $1.16 target price on UI Boustead REIT following Japan logistics project
The Edge Singapore - Jonathan Koh of UOB Kay Hian has kept his "buy" call and $1.16 target price on newly-listed UI Boustead REIT after it announced its first co-development project. According to the REIT on April 24, it has taken a 24.26% effective interest in the co-development project UIB Konan Phase 3 to b ...