China's factory activity extends expansion, PMI shows, as Iran war risks mount
BEIJING: China's factory activity expanded for a second straight month in April, as manufacturers cranked up production to ship goods early to buyers worried the Iran war will further inflate costs, sending new export orders to their strongest level in two years.But the escalating Middle East c ...
The deeper forces shaping global trade
Tiago Devesa, Jeongmin Seong and Olivia White - With conflict disrupting shipping in the Middle East and the future of US tariffs still uncertain, global trade is firmly in the spotlight. But while it certainly matters how these political developments unfold, one must not lose sight of the deeper forces at work in the global economy. The past yea ...
‘Making illegal things legal’: How Estonia accelerates innovations to the market
Lin Daoyi - It is not uncommon for innovations to contravene laws and, as a result, prompt changes to products so that they adhere to the law. Estonia, however, decided to take a different approach. Instead of amending innovative products to comply with regulations, the country, which has launched unicorns such ...
Australia's AirTrunk to invest $3 billion in two new Malaysian data centers
SYDNEY, April 30 : Australia's AirTrunk said on Thursday it will invest $3 billion to build two hyperscale data centers in Malaysia, doubling its existing business in the country.The two data centers, to be located in Johor Bahru, will have a combined capacity of more than 280 megawatts and be ...
Southeast Asia’s AI push faces its scaling challenge
Nurdianah Md Nur - Across Southeast Asia, governments and enterprises are directing investment into scalable infrastructure to keep pace with rising demand for digital services. For the enterprises that rely on it, the more immediate question is whether their artificial intelligence (AI) investments are delivering res ...
Singapore’s employment growth moderates in Q1 on seasonal factors, but labour market stays resilient
Elysia Tan - Unemployment rates and retrenchment figures stay broadly similar
JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff
Chong Xin Wei - Knight Frank Singapore layoffs are said to be in its marketing and communications team
JLL retrenches some Singapore staff following restructuring
The firm’s LinkedIn page suggests that there are over 1,700 employees in its Singapore offices
DBS shares up 3.4%, touch two-month high on estimate-beating Q1 earnings
Therese Soh - Its S$2.93 billion Q1 earnings beat the consensus forecast in a Bloomberg survey of six analysts
DBS soars 4.3% to two-month high on higher Q1 earnings that beat estimates
Therese Soh - Its S$2.93 billion Q1 earnings beat the consensus forecast in a Bloomberg survey of six analysts
Alphabet, Amazon outpace Meta in AI during earnings bonanza
A key question among investors and analysts is whether that massive spending is providing tangible results
Trump’s tragedy of errors
Joseph E Stiglitz - It is true, as Alexander Pope once said, that to err is human. But while everyone is fallible, some humans are more prone to error than others. That is a justification for democracy — for subjecting decisions that affect large numbers of people to deliberative processes that include checks and bal ...
Testing trust in China
Daryl Guppy - How do you test a business relationship? In the US, many would say it comes down to who calls a lawyer first. Americans may have a reputation for taking things to extremes, but the point stands: Western business is built on written contracts. This is partly due to access to a robust legal system, wi ...
Sun Tzu’s advice for Donald Trump
Stephen S Roach - Rumour has it that last year, US President Donald Trump delayed his so-called Liberation Day tariff announcement by a day, to April 2, because he didn’t want his unconstitutional trade “emergency” to come across as an April Fools’ Day hoax. This year, Trump defied the calendar with an addres ...
Hong Kong’s local debt market becomes surprise funding hotspot
The city’s appeal as a safe haven amid turmoil in the Middle East and other regions has helped fuel the recent activity
The death of 60/40 has been greatly exaggerated: Capital Group
Kwan Wei Kevin Tan - Capital Group president and CEO Mike Gitlin may run the more than 90-year-old asset manager from its Los Angeles office, but the former trader traces the roots of his career back to Asia. After graduating from Colgate University in 1992, Gitlin joined George Weiss and Associates, trading Japanese eq ...
CGSI’s William Tng moves stocks with bold, on-point calls
Felicia Tan - Analysts aren’t just observers of the market — they can influence share prices. Yet when they revise their views on a stock, changes to target prices are often incremental, with further adjustments made in subsequent reports. William Tng of CGS International, who has nearly three decades of expe ...
Is Olam’s multi-year restructuring finally bearing fruit?
Lin Daoyi - Few companies are as enigmatic as food and agriculture platform Olam Group. Surviving a negative report from short-seller Muddy Waters, the company received a vote of confidence when Temasek made a voluntary general offer of $2.23 per share in 2014, which resulted in the sovereign wealth fund and co ...
Global oil price retreats after hitting 4-year high on concern of US-Iran war escalation
LONDON, April 30 : Global oil prices retreated after hitting a four-year high of more than $126 a barrel on Thursday on concerns that the U.S.-Iran war could worsen and lead to a protracted Middle East oil supply disruption that could hurt global economic growth.Earlier in the day, the market moved ...
Global oil price hits 4-year high on concern of US-Iran war escalation
(Refiles to remove additional 'more' in the first paragraph)By Alex LawlerLONDON, April 30 : Global oil prices jumped to a four-year high of more than $122 a barrel on Thursday, on concerns that the U.S.-Iran war could worsen and lead to a protracted Middle East oil supply disruption that ...
Brent jumps to 4-year high as concerns of US-Iran war escalation
April 30 : Brent crude prices jumped to a fresh four-year high on Thursday on concerns that the U.S.-Iran war could worsen and lead to a protracted Middle East oil supply disruption that could hurt global economic growth. Brent crude futures rose $4.28, or 3.63 per cent, to $122.31 a barrel as of 06 ...
Oil prices rise on report US considering military options to break Iran deadlock
April 30 : Oil prices rose on Thursday on a report the U.S. is considering potential military action against Iran to break the deadlock in negotiations to end the war, increasing concerns of more supply disruptions to already curtailed Middle East exports. Brent crude futures for June rose $5.27, or ...
Oil prices extend gains as US-Iran war deadlock keeps supply off market
BEIJING, April 30 : Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the U.S.-Israeli war against Iran have deadlocked. Brent crude futures for June rose $1.91, or 1.62 per cent, to $119.94 a barrel a ...
Broker's Digest: Sanli Environmental, OCBC, Soon Hock, Ever Glory, UI Boustead REIT
The Edge Singapore - Sanli EnvironmentalPrice target: CGS International ‘add’ 33 cents
Gold edges higher as dip buyers emerge after three-day decline
Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring
Gold holds three-day decline as hawkish Fed flags inflation risk
Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring
LG Energy Solution swings to loss amid weak North American EV demand
SEOUL, April 30 : South Korea's LG Energy Solution (LGES) swung to a loss on Thursday as battery demand from electric vehicle (EV) makers weakened, with automakers especially in North America limiting EV production. LGES, which supplies Tesla, General Motors and Hyundai Motor, posted an operati ...
LG Energy Solution swings to loss amid weak EV demand
SEOUL, April 30 : South Korea's LG Energy Solution (LGES) swung to a loss on Thursday as battery demand from electric vehicle (EV) makers weakened, with customers especially in North America continuing to operate at low utilisation rates for EVs. LGES, which supplies Tesla, General Motors and H ...
Opec+ likely to agree another oil output hike without UAE: sources
The increase is similar to last month’s hike of 206,000 bpd
Meta shares fall on concerns over AI spending, legal scrutiny
Meta Platforms raised its annual capital spending forecast on Wednesday (Apr 29), signaling plans to pour billions more into artificial intelligence infrastructure even as it confronts potential losses from a global youth backlash against social media.The Facebook and Instagram parent projected 2026 ...
Stocks to watch: DBS, Wilmar, Sheng Siong, Starhill Global Reit, CDLHT, CDL, Lum Chang Creations
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 30):
Stocks to watch: DBS, Wilmar, Sheng Siong, Starhill Global Reit, CDL Hospitality Trusts, City Developments Limited
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 30):
Anthropic considering funding offers at over US$900 billion value
The Claude maker has been on the hunt for more infrastructure to meet growing demand for its products
CDL Hospitality Trusts Q1 NPI rises 10.4% to S$33.1 million
Chloe Lim - Revenue up 5.9% for the quarter at S$67.1 million, driven by broad-based growth
