9 hours ago
Nestle rides out Iran war impact, seeks turnaround in China
It had seen “very little impact” so far on its global business from the near two-month war
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
Interactive Brokers Singapore joins SGX Group as a trading and clearing member for derivatives market
The Edge Singapore - Interactive Brokers Singapore, has joined the SGX Group as a trading and clearing member for its derivatives market, a less high profile but no less significant part of the exchange's business. Interactive Brokers Singapore is an affiliate of Interactive Brokers Group, providers of automated tr ...
10 hours ago
Singapore billionaire population more than doubles as Apac wealth surges: Knight Frank
Ry-Anne Lim - The number of ultra-high-net-worth individuals has grown by 54.5% to 7,171 people this year
10 hours ago
VW cuts China sales targets and margins
The downgrade reflects slower structural growth in the world’s largest car market
10 hours ago
Honda to halt South Korea car sales, highlighting strain across Asian markets
It cited changes in the environment surrounding the global and South Korean automobile markets
10 hours ago
Australia’s biggest bank to cut 120 more jobs amid AI push
The reductions come two months after a separate round of cuts that will claim around 300 roles
11 hours ago
UBS faces US$20 billion hike in capital needs as Swiss split grows
The government will continue to let the lender count deferred tax assets towards its regulatory capital
11 hours ago
Singapore industrial rents up 2.3% in Q1: JTC
Chloe Lim - Occupancy rate for all industrial spaces falls 0.1 percentage point on the year
11 hours ago
Australian shares close at two-week low on oil price concerns
[SYDNEY] Australian shares ended at their lowest in more than two weeks on Thursday (Apr 23), driven by a broad-based sell-off across...
11 hours ago
Companies urged to play 'active role' to retain senior workers; lack of flexible work options a challenge: Koh Poh Koon
Ageing bus captains get a second wind at Tower Transit, as the bus operator trials new job roles to keep senior employees on board.
11 hours ago
Hao Mart shuts stores, sinks deeper into losses with four High Court lawsuits looming
Its website lists 20 outlets in Singapore, but only seven are operating
11 hours ago
Samsung workers protest over huge pay gap with SK Hynix, threaten long strike
PYEONGTAEK, South Korea: Tens of thousands of Samsung Electronics workers rallied at a sprawling factory complex south of Seoul on Thursday (Apr 23), venting their anger over compensation levels ahead of a planned lengthy strike that could disrupt AI chip production.Union organisers put the
11 hours ago
Japan's Honda to stop selling cars in South Korea at end-2026
TOKYO, April 23 : Honda Motor said on Thursday it has decided to discontinue its automobile sales operations in South Korea at the year-end, citing changes in the environment surrounding the global and South Korean automobile markets.Japan's second-largest automaker said in a statement it had b ...
12 hours ago
What really drives China’s massive trade surplus
Shang-Jin Wei - China’s massive trade surplus, which reached a record of US$1.2 trillion ($1.56 trillion) in 2025, has become a central fault line in its economic relations with other countries. As competition from Chinese imports increasingly weighs on domestic industries, French President Emmanuel Macron has wa ...
12 hours ago
China’s Xpeng expects to start delivering ‘flying’ cars in 2027
Like many other Chinese automakers, the EV maker has expanded overseas and currently operates in about 60 countries
12 hours ago
The efficiency mandate: Why Apac’s AI ambitions must confront a new energy reality
Nathan Hall - When Singapore invokes the spectre of stagflation, the region pays attention. The global fuel crisis has forced a reckoning: energy constraints are no longer temporary disruptions, but a permanent business reality. The broader economy, like the data centre industry, is learning fast that energy is n ...
13 hours ago
Nokia earnings beat estimates as data centre pivot shows promise
The company’s shares have almost doubled over the last year
13 hours ago
Australia working with Anthropic over cybersecurity vulnerabilities
SYDNEY, April 23 : Australia is working with software providers including Anthropic over potential cybersecurity vulnerabilities, a spokesperson for Home Affairs minister Tony Burke said on Thursday, following the firm's limited release of its Mythos AI model that has caused concern in several ...
13 hours ago
Australia government working with Anthropic over cybersecurity vulnerabilities
SYDNEY, April 23 : Australia is working with software providers including Anthropic over potential cybersecurity vulnerabilities, a spokesperson for Home Affairs minister Tony Burke said on Thursday, following the firm's release of its Mythos AI model that has caused concern in several countrie ...
13 hours ago
STMicroelectronics' beats on results and guidance boost shares
April 23 : STMicroelectronics reported first-quarter results above market expectations on Thursday, pointing to signs of recovery in its key semiconductor markets, and forecast further growth in the second quarter.The Franco-Italian chipmaker's shares rose by up to 10 per cent in early trading, ...
13 hours ago
STMicroelectronics posts Q1 above estimates, forecasts stronger Q2
April 23 : STMicroelectronics on Thursday reported first-quarter results above estimates, pointing to signs of recovery in its key semiconductor markets, and forecast further growth in the second quarter.The Franco-Italian chipmaker reported revenue of $3.10 billion for the first three months of the ...
13 hours ago
Hyundai Motor posts Q1 profit drop, warns growing business headwind
SEOUL, April 23 : South Korea's Hyundai Motor on Thursday warned of growing business uncertainty due to the Middle East conflict after reporting a 31 per cent drop in first-quarter operating profit.Its cautious outlook comes after the automaker said earlier this month that its exports to Europe ...
13 hours ago
Hyundai Motor reports 31% drop in Q1 operating profit, meets forecasts
SEOUL: Hyundai Motor reported a 31 per cent drop in first-quarter operating profit on Thursday (Apr 23), meeting analysts' estimates, as weaker demand in the Middle East and a recall of its Palisade SUV weighed on earnings.Hyundai, which together with affiliate Kia Corp is the world's thir ...
13 hours ago
Singapore Airlines deepens role at Air India amid record losses
Geopolitical disruptions have further inflated costs by forcing longer, more expensive routes at a time of surging jet fuel prices
13 hours ago
AI boom lifts Nokia sales, shares hit 16-year high after earnings beat
April 23 : Nokia raised the growth targets for its artificial intelligence business on Thursday, after the network gear maker beat market expectations for quarterly comparable operating profit, sending its shares to their highest level in 16 years..Comparable operating profit jumped 54 per cent to 2 ...
13 hours ago
Nokia beats first-quarter estimates as AI boom lifts sales again
April 23 : Nokia posted a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker continued to see high demand from artificial intelligence and cloud customers, booking orders worth 1 billion euros ($1.2 billion).Comparable operating prof ...
13 hours ago
Besi orders boosted by demand for hybrid bonding tech
April 23 : BE Semiconductor Industries (BESI) on Thursday said its quarterly orders grew significantly in the first-quarter, helped by growth across all its markets and particularly strong demand for hybrid bonding. Investors are banking on growing orders for Besi's hybrid bonding solutions, a ...
13 hours ago
Besi posts higher bookings in first-quarter, as AI boosts demand for hybrid bonding tech
April 23 : BE Semiconductor Industries (BESI) on Thursday reported quarterly orders above last year's level, reflecting growth across all its markets and particularly strong demand for hybrid bonding. Investors are banking on growing orders for Besi's hybrid bonding solutions, a chip techn ...
13 hours ago
Besi reports first-quarter bookings above last year
April 23 : BE Semiconductor Industries (BESI) on Thursday reported quarterly orders above last year's level, reflecting growth across all its markets.Besi reported orders of 269.7 million euros ($315.5 million)for the first-quarter, up from 131.9 million euros a year earlier."Favorable ord ...
13 hours ago
Dassault Systemes reports first-quarter revenue in line with estimates
April 23 : French software maker Dassault Systemes on Thursday reported first-quarter revenue of 1.51 billion euros ($1.77 billion), in line with estimates, helped by strong demand for its 3DExperience and Cloud businesses.Hit by a prolonged slowdown in the global auto industry, Dassault Systemes, w ...
13 hours ago
Dassault Systemes reports first-quarter results in line with estimates
April 23 : French software maker Dassault Systemes on Thursday reported first-quarter revenue of 1.51 billion euros ($1.77 billion), in line with estimates, helped by strong sales by its 3DExperience and Cloud businesses.Revenue fell 4 per cent on a constant-currency basis from a year earlier, while ...
13 hours ago
Singapore’s core inflation inches up to 1.7% in March; headline inflation at 1.8%
Paige Lim - This was in line with private-sector economists estimates
14 hours ago
Exclusive-SpaceX targets in-house GPUs as it warns investors of chip supply, costs
NEW YORK, April 23 : SpaceX may be tackling one of the biggest challenges in the chip business: manufacturing the keys to powering artificial intelligence called graphics processing units, or GPUs.Ahead of SpaceX's $1.75 trillion IPO expected this summer, the company has warned prospective inve ...
14 hours ago
Bank Indonesia vows to ramp up rupiah defence as it sinks to record low
The currency is down 3.6% so far this year