13 hours ago
China’s mega banks post increased profits in first quarter
Net interest margins are stable or continued to narrow across the banks, while non-performing loan ratios are largely stable
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Taiwan's UMC sees headwinds, but predicts resilient demand and will raise prices
TAIPEI, April 29 : Taiwanese chipmaker UMC said on Wednesday that it continues to see resilient market demand despite headwinds from memory chip supply shortages and the impact of the Iran war, and it will raise prices from the second half of this year.• Going into the second quarter, the company ...
13 hours ago
Taiwan chipmaker UMC sees 'headwinds' from Iran war, but predicts resilient demand
TAIPEI, April 29 : Taiwanese chipmaker UMC said on Wednesday that it continues to see resilient market demand despite "headwinds" from memory chip supply shortages and the impact of the war in Iran.CONTEXT AND DETAILS• Going into the second quarter, the company expects strong wafer shipm ...
13 hours ago
Anthropic, OpenAI splurge on London office space in leasing wave
AI-enabled firms are looking for roughly 630,000 square feet of space across the UK’s capital
13 hours ago
Taiwan's ASE expects strong demand to boost advanced chip packaging sales in 2026
TAIPEI, April 29 : Taiwan’s ASE Technology Holding, the world’s largest chip packaging and testing provider, said on Wednesday it expected revenue from its leading‑edge advanced packaging business to rise 10 per cent to more than $3.5 billion in 2026, as the company sees strong customer demand ...
13 hours ago
Deloitte’s Lee Boon Teck succeeds Teo Ser Luck as president of Singapore’s national accounting body
Renald Yeo - New president says focus now is to ensure that every member can see and feel the difference Isca makes
13 hours ago
Beijing’s blunt message to its tech sector
China’s ban on Meta-Manus deal is a warning to keep AI innovations at home
14 hours ago
Cognizant to buy Astreya for about $600 million
April 29 : Cognizant Technology has agreed to buy Astreya, an IT services and technology provider focused on AI infrastructure and data center services, in a deal valued at around $600 million, the company told Reuters.The deal is expected to strengthen Cognizant's AI infrastructure capabilitie ...
14 hours ago
LG Electronics, Nvidia in talks over robots, AI data centres and mobility
SEOUL, April 29 : South Korean tech company LG Electronics said on Wednesday that it and Nvidia have been discussing cooperation in robotics, AI data centres and mobility. The comments came after Madison Huang, a senior director for physical AI platforms at Nvidia, and the daughter of its CEO, visit ...
14 hours ago
Big Chinese tech firms scramble to secure Huawei AI chips after DeepSeek V4 launch: sources
Internet firms including ByteDance, Tencent and Alibaba are reaching out about Ascend 950 orders
14 hours ago
Amadeus to buy French biometrics firm Idemia Public Security for $1.4 billion
April 29 : Spanish travel technology firm Amadeus on Wednesday announced a plan to acquire French biometrics company Idemia Public Security, which is owned by Advent International, for 1.2 billion euros ($1.40 billion) in an all-cash deal.Amadeus, which operates the world's largest travel booki ...
14 hours ago
Amadeus to buy French biometrics firm Idemia for 1.2 billion euros
April 29 : Spanish travel technology firm Amadeus on Wednesday announced a plan to acquire French biometrics company Idemia Public Security, which is owned by private equity Advent International, for 1.2 billion euros ($1.40 billion) in an all-cash deal.Amadeus, which operates the world's large ...
15 hours ago
Thai central bank holds key rate, forecasts slower growth and higher inflation
BANGKOK, April 29 : Thailand's central bank kept its key interest rate unchanged at a review on Wednesday, as expected, saying it needed to assess the impact of higher oil prices driven by the war in the Middle East while also supporting an economy grappling with weak consumption and high house ...
15 hours ago
Thai central bank holds key interest rate, as expected
Its monetary policy committee voted unanimously to maintain the one-day repurchase rate at 1%
15 hours ago
Facebook and Instagram must do more to block under-13s, EU warns in Meta charges
BRUSSELS, April 29 : Meta Platforms' Facebook and Instagram were charged on Wednesday with breaching landmark EU tech rules and must do more to block children under 13 from accessing the social networks, EU regulators said.The charges or so-called preliminary findings under the Digital Services ...
15 hours ago
Facebook, Instagram charged with breaching rules, must do more to protect kids below 13, EU says
BRUSSELS, April 29 : Meta Platform' Facebook and Instagram were charged on Wednesday with breaching landmark EU tech rules and must do more to prevent children under 13 from accessing both social networks, EU regulators said on Wednesday.The charges under the Digital Services Act, which require ...
15 hours ago
EMA launches proposal for new electricity generation capacity to meet rising demand
Jermaine Fok - The plan calls for one unit to be ready in 2031 and up to two additional units to come onstream in 2032
15 hours ago
Aztech shares jump over 17%; CGSI upgrades stock to ‘add’, lifts target 46.2% despite earnings miss
Therese Soh - An expected earnings recovery and potential EQDP-driven rally may benefit stock, says analyst
15 hours ago
Cognition fast-tracks Asia-Pacific expansion with new Singapore headquarters
Young Zhan Heng - This follows the tech company’s entry into the region through Japan earlier in April
16 hours ago
Mapletree Industrial Trust to divest up to S$600 million of North America assets, eyes Japan and Europe for growth
Chong Xin Wei - The divestments are expected to be carried out within the next 1 to 2 years
16 hours ago
Indonesia eFishery founder gets nine years’ jail in fraud case
Elisa Valenta - [BANDUNG] An Indonesian court on Wednesday (Apr 29) sentenced Gibran Huzaifah, the founder of aquaculture startup eFishery, to nine years in prison...
16 hours ago
Hong Kong bourse posts record profit on listings, trading
HKEX has more than 500 companies in its listing pipeline
16 hours ago
PIL earnings drop 21.7% to US$1 billion in 2025 amid lower freight rates
Tay Peck Gek - But its principal business of container shipping posts a 1.2% marginally higher revenue of US$3.8 billion
16 hours ago
PIL earnings drop 22.5% to US$1 billion in 2025 amid lower freight rates
Tay Peck Gek - But its principal business of container shipping posts a 1.2% marginally higher revenue of US$3.8 billion
16 hours ago
Roaring demand for gold bullion in 1Q2026 as buyers switch from gold jewelry and ETFs
Lin Daoyi - Figures from the Gold Demand Trends Q1 2026 report by the World Gold Council (WGC) suggest that investors in Singapore strengthened their affection for gold bars and coins in the first quarter of the year, with demand in the island-state surging to a record quarterly high of 3.5 tonnes, representing ...
16 hours ago
Singapore’s gold demand jumps record 42% in Q1 amid geopolitical risks, volatile prices
Benicia Tan - Inflows into Asian-listed gold-ETFs outpace those in other regions, and offset outflows in West
17 hours ago
UBS beats profit expectations on market volatility
Markets have remained broadly resilient so far in the second quarter, the bank says
17 hours ago
Philippine taxis hit by fuel price hikes get electric lifeline from VinFast, Grab
Manila’s cab industry is turning a volatile energy crisis into an opportunity for modernisation
17 hours ago
Mercedes reports narrower-than-forecast profit slump in first quarter
Redundancies and cost-cutting stemmed losses
17 hours ago
Samsung dynasty’s wealth doubles to US$45 billion in just one year
The family are now Asia’s third-richest family, up from 10th last year
17 hours ago
Sopra Steria sales rebound on defence and consulting spend, driving up shares
April 29 : French IT group Sopra Steria reported a 3.2 per cent organic rise in its first-quarter revenue to 1.5 billion euros ($1.8 billion) on Wednesday, a second consecutive quarter of growth driven by improvements in its core business, which sent its shares more than 11 per cent higher.Sopra Ste ...
17 hours ago
IT firm Sopra Steria's sales rise on defence and consulting spending in Europe
April 29 : French IT group Sopra Steria on Wednesday reported a 3.2 per cent organic rise in its first-quarter revenue to 1.5 billion euros ($1.8 billion), driven by business improvements across its core business.The company said the completion of a programme for Sparda banks, planned since 2023, ne ...
17 hours ago
IT group Sopra Steria posts 3.2% organic rise in first-quarter revenue
(Corrects organic growth to 3.2 per cent, not 3.4 per cent, in headline and paragraph 1)April 29 : French IT group Sopra Steria on Wednesday reported 3.2 per cent organic growth in its first-quarter revenue to 1.5 billion euros ($1.8 billion), driven by business improvements across its business regi ...
17 hours ago
No further action by police after probe into SPH Media’s circulation figures
The statement comes after the media company filed a police report on Jun 21, 2023