14 hours ago
Pandora CEO says US consumer divide growing even as sales beat expectations
The company’s chief executive is grappling with weak consumer sentiment in its core market amid the Iran war
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Disney earnings beat estimates as new CEO outlines growth strategy
[LOS ANGELES] Walt Disney exceeded Wall Street’s quarterly earnings estimates on Wednesday (May 6) as streaming and theme park revenue rose, and new chief...
15 hours ago
Analysis:SpaceX IPO gives Musk sweeping power and curbs shareholder rights
NEW YORK, May 6 : SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving founder Elon Musk virtually unchecked executive authority when the rocket maker goes public later this year.Excerpts of SpaceX's IPO registration stat ...
15 hours ago
Singapore will not leave future of work, livelihoods to chance amid AI transition: Tan See Leng
Singapore must be prepared that AI’s impact on jobs could grow as adoption gains pace and scale, said the manpower minister.
15 hours ago
Sats acquires additional 40% stake in China aviation meal producer for 312.6 million yuan
Young Zhan Heng - The move will let the group capitalise on Chinese airlines’ increasing adoption of frozen food
15 hours ago
Companies that replace workers with AI risk losing competitive edge, relying on vendors: Jasmin Lau
Tessa Oh - Investing in employees, such as by training them, facilitating their access to frontier AI tools are in firms’ long-term interest, she notes
15 hours ago
Oil and gas slump after report US and Iran near deal to end war
Crude has climbed by about 40 per cent since the conflict started
15 hours ago
Singapore’s AI transition need not pit workers against businesses, says Tan See Leng
Tessa Oh - MPs call for AI adoption to be linked to job redesign and worker outcomes; government vows no worker will be left behind
15 hours ago
Uber forecasts strong second-quarter bookings despite Middle East woes
May 6 : Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth.Shares of the San Francisco-based company rose about 8 per cent in premarket trading ...
15 hours ago
Hut 8 signs about $10 billion AI data center lease in Texas, shares jump
May 6 : Hut 8 said on Wednesday it had signed a 15-year lease worth $9.8 billion for its Beacon Point data center campus in Texas, as demand rises for infrastructure to train and serve AI models.Shares of the Miami, Florida-based AI data center developer surged over 30 per cent in premarket trading. ...
15 hours ago
Hut 8 signs about $10 billion AI data center lease in Texas
May 6 : Hut 8 said on Wednesday it had signed a 15-year lease worth $9.8 billion for its Beacon Point data center campus in Texas, as demand rises for infrastructure to train and serve AI models. Shares of the Miami, Florida-based AI data center developer jumped more than 10 per cent in premarket tr ...
15 hours ago
Singapore Airlines extends cancellation of Dubai flights until Aug 2
Chloe Lim - [SINGAPORE] A Facebook post by national carrier Singapore Airlines on Wednesday (May 6) noted that the airline has cancelled its Dubai flights...
15 hours ago
Amova, Tokio Marine among buyers of Beng Kuang Marine shares sold by founder
Lin Daoyi - Institutional investors including Amova Asset Management and Tokio Marine Life Insurance Singapore have snapped up shares in Beng Kuang Marine according to a May 6 announcement. The shares were sold by Beng Kuang’s executive director Chua Meng Hua, who is also one of the founders of the company. B ...
16 hours ago
Singapore stocks rise in tandem with Asia uplift; STI up 0.1%
Jude Chan - Venture Corp is top gainer on blue-chip index, rising 10.9% to S$18.28
16 hours ago
SpaceX files plan for $55 billion Terafab chip facility in Texas
May 6 : Elon Musk's SpaceX, in a joint project with Tesla, has proposed investing $55 billion to build a semiconductor manufacturing facility, called Terafab, in Texas, according to a filing made public on Wednesday.The billionaire has been seeking to secure in-house access to advanced chips, t ...
16 hours ago
Are Keppel’s dividends truly unsustainable – or just misunderstood?
Jude Chan - The company’s shares have rallied over the past year, generating a total shareholder return of 58.5% in 2025
16 hours ago
Stocks jump, oil slides on tech earnings, Iran peace prospect
May 6 : Stocks surged and oil prices dropped on Wednesday after a report that the United States and Iran are closing in on an agreement to end the war in the Gulf, while momentum in AI-driven trades accelerated.Brent crude, the global benchmark, plunged to just below $100 per barrel, its lowest in t ...
16 hours ago
Stocks jump and oil slides after Iran peace deal report
May 6 : Stocks surged and oil prices dropped on Wednesday after a report that the United States and Iran are closing in on an agreement to end the war in the Gulf, while momentum in AI-driven trades accelerated.Brent crude, the global benchmark, plunged to just below $100 per barrel, its lowest in t ...
16 hours ago
Stocks gain and oil slides after Iran peace deal report
May 6 : Stocks advanced and oil prices dropped on Wednesday after a report that the United States and Iran are closing in on an agreement to end the war in the Gulf, while momentum in AI-driven trades accelerated.Brent crude, the global benchmark, plunged to just below $100 per barrel, its lowest in ...
16 hours ago
Global stocks surge and oil slides on Iran peace deal report
LONDON, May 6 : Stocks leapt and oil prices dropped on Wednesday after a report said the White House believed it was closing in on a memorandum to end the war with Iran, while momentum in AI-driven trades accelerated.The report by news outlet Axios said the U.S. expected Iranian responses on several ...
16 hours ago
Sats acquires additional 40% stake in Nanjing Weizhou Airline Food Corp for $58.3 mil
Felicia Tan - Sats has acquired an additional 40% stake in Chinese aviation food manufacturer, Nanjing Weizhou Airline Food Corp (NWA), for RMB312.6 million ($58.3 million). This brings Sats’ total stake in Nanjing-headquartered NWA to 90% after it first acquired a 50% stake in 2019. According to Sats, the acqu ...
16 hours ago
Schneider Electric to launch Southeast Asia training hub in Malaysia
KUALA LUMPUR, May 6 : French energy technology firm Schneider Electric plans to open a Southeast Asian training centre in Malaysia this year, a senior executive said on Wednesday, as a boom in artificial intelligence infrastructure drives up power demand in the region.Southeast Asia's data cent ...
16 hours ago
Ultra-wealthy booked 42% more private flights from Africa to Asia last year: VistaJet
Belle Neo - Long-haul routes are on the rise among flourishing international private jet corridors, with 42% more flights from Africa to Asia y-o-y in 2025, according to data from private jet charter firm VistaJet. Elsewhere, private jet flights from the Middle East to North America and from South America to Eu ...
17 hours ago
Hong Kong March retail sales rise 12.8%; support seen from local demand, tourism
May 6 - Hong Kong's retail sales by value rose 12.8 per cent in March from a year earlier, the 11th month of gains, with growth in sales of most broad types of retail outlets, government data showed on Wednesday. • Sales increased to HK$33.9 billion ($4.33 billion). In February, retail sales ...
17 hours ago
Malaysia to impose new rules on imports of electric vehicles assembled overseas from July
KUALA LUMPUR, May 6 : Malaysia's trade ministry said on Wednesday that all imports of electric vehicles assembled overseas will be subject to new regulations starting on July 1, following the expiry of a special tax exemption period. Imports of electric vehicles fully assembled overseas will be ...
17 hours ago
PM Wong to head to Cebu for Asean Summit; leaders to discuss trade, energy security amid Middle East tensions
Tessa Oh - The prime minister will also hold bilateral meetings on the sidelines of the event
17 hours ago
AWS brings AI coding tool to Singapore schools to build job-ready skills
Nurdianah Md Nur - Amazon Web Services (AWS) is bringing its AI coding tool into Singapore’s higher education system as employers look beyond basic AI use to a harder test. Can workers build software that others can trust, audit and maintain? The cloud giant will give eligible students and adult learners across Sing ...
17 hours ago
COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000
Derryn Wong - All premiums rise in May’s first round of bidding as the mainstream category continues climbing for the sixth consecutive round
18 hours ago
BMW’s Q1 profit down 25% as China, tariffs weigh
But at 2.3 billion euros, the figure is slightly above analysts’ forecast of 2.2 billion euros
18 hours ago
Singapore SMEs’ AI gains risk leaving with their AI champions
Nurdianah Md Nur - Singapore's small and medium-sized enterprises (SMEs) are adopting artificial intelligence (AI) quickly. However, many have not set up the systems needed to keep making progress if their main AI leaders leave. New research commissioned by Amazon Web Services (AWS) found that six in ten SMEs acr ...
18 hours ago
European shares advance on Middle East peace deal optimism; earnings on watch
European shares rose on Wednesday, with oil prices dropping and investor optimism rising after US President Donald Trump cited “great progress” toward...
19 hours ago
Cash piles hit record highs, but fixed income offers higher yields: BlackRock
Benjamin Cher - Bonds are not ‘too much risk’ while still yielding 6-8%, says the money manager
19 hours ago
Lynas CEO says US, Europe rules sway buyers from Chinese rare earths
She called for governments to intervene in order to encourage a rare earths industry to flourish outside China
19 hours ago
Singapore banks getting better at spotting dirty money, but penalties still lack bite, says global watchdog
Jean Low - FATF recognises role of Republic’s strong public-private cooperation and information collaboration in curbing money laundering