Dollar poised for second weekly gain with no end in sight for Iran war
TOKYO, March 13 : The dollar held gains on Friday and was set for its second weekly gain since the beginning of the war in Iran as turmoil in markets left it the last safe-haven standing.The euro traded near its weakest since November while the yen was at levels that put traders on guard for possibl ...
ST Engineering to deploy new traffic management system for LTA
The Edge Singapore - ST Engineering has been contracted by the Land Transport Authority to deploy an intelligent transport system to help improve traffic management. The contract value is not disclosed and was already recorded in the company's FY2025 order book which totalled $33.2 billion, including $18.7 billion ...
Chinese banks boost loans to tech sector as Beijing ramps up AI push
Tech financing had been made a priority
Adobe CEO to step down in face of investor concerns over AI
Shantanu Narayen will remain in the position until a successor has been appointed
Stocks to watch: ST Engineering, UI Boustead Reit, MoneyMax Financial Services
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 13):
Honda shares slide more than 5% as automaker faces first annual loss
TOKYO, March 13 : Shares in Honda Motor fell more than 5 per cent in Tokyo on Friday morning after the company flagged its first annual loss in almost 70 years as a listed company, hit by up to $15.7 billion in restructuring costs at its electric-vehicle business.
How the Iran war is disrupting the Strait of Hormuz
The strait is an essential passage for the oil market, handling about a quarter of the world’s seaborne oil trade
BuzzFeed flags going concern risk, shares down
Its stock has lost 98 per cent of its value since it went public via a blank-cheque merger in 2021
Meta pushes AI model 'Avocado' rollout to May or later, NYT reports
March 12 : Meta has postponed the release of its artificial intelligence model "Avocado" to at least May, from this month, the New York Times reported on Thursday, citing sources.The performance of Meta's new AI model currently falls between Google's AI Gemini 2.5 and Gemini 3, d ...
Meta delays rollout of new AI model code-named 'Avocado,' NYT reports
March 12 : Meta has delayed the release of its artificial intelligence model code-named "Avocado" to at least May from this month, the New York Times reported on Thursday, citing three people with knowledge of the matter.The delayed timeline comes even as the company invests heavily to exp ...
Meta delays rollout of new AI model, NYT reports
March 12 : Meta has delayed the release of its artificial intelligence model code-named Avocado to at least May from this month, the New York Times reported on Thursday, citing three people with knowledge of the matter. Reuters could not immediately verify the report.
BESI attracts takeover interest as advanced chip packaging demand surges, sources say
NEW YORK/ LONDON, March 12 : BE Semiconductor Industries has been fielding takeover interest, as demand for its chip-packaging technology has become more critical for semiconductor equipment makers, according to three people familiar with the matter.The Amsterdam-listed chip equipment maker, which h ...
Exclusive-BESI attracts takeover interest as advanced chip packaging demand surges, sources say
NEW YORK/ LONDON, March 12 : BE Semiconductor Industries has been fielding takeover interest, as demand for its chip-packaging technology has become more critical for semiconductor equipment makers, according to three people familiar with the matter.The Amsterdam-listed chip equipment maker, which h ...
Yen hits new low against Singapore dollar as Middle East crisis jolts oil prices
The Japanese currency has weakened another 2.11% so far in 2026
Iran not going to close Strait of Hormuz, Iran UN envoy says
IRAN’S UN ambassador said on Thursday Tehran was not going to close the Strait of Hormuz, but added that it was Iran‘s right...
Musk's X submits remedies relating to its blue check mark, EU spokesperson says
Musk's X to change verification system in Europe, Bloomberg News reports
Amazon plans to shift annual Prime Day sale to June from July
The latest change has implications for the company’s financial reporting
Iran war tips scales for MAS to go for stronger Singdollar in April: economists
Tessa Oh - Analysts now expect a 50 bps steepening of the S$NEER policy band slope
Stellantis weighs deals with China rivals to shore up Europe
European and US carmakers have largely trailed Chinese competitors in cost and battery technology, after state subsidies from Beijing
Qantas agrees to A$105 million settlement in Covid-19 flight credits class action
Sharon Lee - AUSTRALIA’S Qantas Airways said on Friday it has agreed to settle a class action related to flight credits issued during the Covid-19...
US to ease shipping rule in bid to tame spiralling fuel prices
The plan comes as President Donald Trump considers multiple options to stem the dramatic rise in crude and petrol amid the war...
Ships must coordinate with Iran’s navy to pass through Strait of Hormuz, foreign ministry says
[DUBAI] Ships must coordinate with Iran’s navy to pass through the Strait of Hormuz, the country’s foreign ministry spokesperson said in comments...
Oil settles up 9% as Iran vows to keep Strait of Hormuz closed
Middle East Gulf countries have cut total oil production by at least 10 million barrels per day
Commentary: Iran war tests the Gulf’s grip on aviation hub status
The war in Iran has called into question the long-term economic sustainability of the Gulf countries and vulnerabilities of Middle Eastern carriers, says Endau Analytics’ Shukor Yusof.
Stryker flags disruption to orders, manufacturing a day after cyberattack
March 12 : Medical device maker Stryker said on Thursday a cyberattack that hit its computer systems a day earlier is causing widespread disruption to its business, including its ability to process orders, make products and ship them to customers.An Iranian-linked hacking group called Handala claime ...
Commentary: China’s AI lobster craze comes with claws
Fervour for AI agent OpenClaw has consumed China in recent weeks but underneath the excitement, there are concerns, says Catherine Thorbecke for Bloomberg Opinion.
European shares close lower as oil surge sparks inflation worries, rate hike bets
EUROPEAN shares extended losses on Thursday as investors grappled with a surge in oil prices, which brought concerns about inflation amid the war...
US stocks: Wall Street ends sharply lower as intensifying Iran war, soaring crude prompt selloff
[NEW YORK] US stocks fell on Thursday, as Iranian strikes on two oil tankers sent crude prices surging toward US$100 per barrel, further exacerbating...
SentinelOne's quarterly profit forecast falls short of estimates amid stiff competition
March 12 : Cybersecurity firm SentinelOne forecast quarterly profit below Wall Street estimates on Thursday, signaling a cautious stance amid intense competition from larger rivals and a finance leadership transition.Shares of the Mountain View, California-based company were down over 2 per cent aft ...
Backed by Alibaba, Singapore’s MetaComp aims to be ‘Asia’s Revolut’ for businesses
Shikhar Gupta - The fintech firm has raised US$35 million to build a Web 2.5 platform that blends payments and wealth
Adobe's longtime CEO to exit role amid AI disruption, shares fall
March 12 : Adobe's longtime CEO Shantanu Narayen will leave his role once a successor is appointed, the creative tooling company said on Thursday, sending its shares down 6.5 per cent in extended trading on renewed worries around its strategy as it grapples with AI disruption.Narayen's exi ...
Telus says it is investigating hack of its systems
March 12 : Canadian telecommunications and business services firm Telus is investigating a cybersecurity incident involving unauthorized access to some of its systems, a company spokesperson said on Thursday.The ShinyHunters hacking group told Reuters in a message it stole at least 700 terabytes of ...
Amazon unit withdraws from drone trade group, raises safety concerns
WASHINGTON, March 12 : Amazon.com drone unit Prime Air is withdrawing from the Commercial Drone Alliance, saying it had safety concerns that were incompatible with the group's positions.Amazon Prime Air said in a letter seen Thursday by Reuters that the alliance's positions "on the mo ...
