1 day ago
Yen jumps sharply as Japan warns it is ready to intervene again
Tokyo’s ramped-up rhetoric comes as the yen stays under pressure from wide US-Japan interest rate gaps
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Watch: PM Wong’s May Day Rally speech
PM Wong’s first May Day speech since the 2025 General Election comes amid a climate of geopolitical uncertainty
1 day ago
Japan warns of speculative yen moves, signals chance of more intervention
TOKYO, May 1 : Japan's top currency diplomat Atsushi Mimura said on Friday that speculative moves persist in markets, a clear signal that Tokyo stands ready to intervene to shore up the yen. "I won't comment on what we'll do ahead. But I will tell you that Japan's Golden Wee ...
1 day ago
Huawei expects AI chip revenue to jump at least 60% this year, FT reports
May 1 : Huawei expects revenue from its AI chips to jump at least 60 per cent this year, boosted by strong demand for domestic offerings from Chinese companies, the Financial Times reported on Friday.The Chinese tech company expects revenue from its chips to reach about $12 billion this year based o ...
1 day ago
Bank collusion probe in Archegos meltdown closes without charges in US
THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill...
1 day ago
Bank collusion probe in Archegos meltdown closes without charges
THE US Justice Department has closed a criminal antitrust probe into whether banks illegally coordinated their responses to the unraveling of Bill...
1 day ago
Japan's factory activity growth hits 4-year high on stockpiling, PMI shows
TOKYO, May 1 : Japan's manufacturing activity grew at its strongest pace in over four years in April, as companies ramped up production and stockpiled goods amid supply chain disruptions caused by the Middle East war, a private-sector survey showed on Friday. • The final S&P Global Japan ...
1 day ago
South Korean April exports rise 48.0% y/y, as chip boom continues
SEOUL, May 1 : South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure boosted semiconductor sales to offset jitters from the Middle East conflict. Exports from Asia's fourth-largest economy, a bellwether for glo ...
1 day ago
South Korea April exports rise 48.0% y/y, as chip boom continues
SEOUL, May 1 : South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure boosted semiconductor sales to offset jitters from the Middle East conflict. Exports from Asia's fourth-largest economy, a bellwether for glo ...
1 day ago
Yen jumps as Japan threatens more intervention at end of busy central bank week
LONDON/TOKYO, May 1 : The yen suddenly jumped against the dollar again on Friday, a day after Reuters and others reported Tokyo authorities intervened to prop up the Japanese currency, while other majors drifted in holiday-thinned trading. Japan's top currency diplomat Atsushi Mimura on Friday ...
1 day ago
Yen steadies after Japan intervention; traders brace for more action
TOKYO, May 1 : The yen trimmed gains against the dollar on Friday, but was still poised for its strongest weekly rally in more than two months after Japanese authorities stepped into the markets to haul the currency back from near two-year lows.Investors remained on high alert for further action fro ...
1 day ago
Yen trims gains against dollar after Japan's intervention in markets
TOKYO, May 1 : The yen eased slightly against the dollar on Friday, but was still poised for its steepest weekly gain in more than two months after Japanese authorities stepped in to lift the currency from near two-year lows.Investors remained on high alert for further intervention from Japan's ...
1 day ago
Fitch warns US debt burden is ‘far above’ other AA rated nations
All three major rating firms have the US pegged one level below triple-A
1 day ago
Rethinking the ‘State versus Private’ debate
Tong Kooi Ong + Asia Analytica - We like to frame economic debates in grand terms. Left versus right. Capitalism versus socialism.
1 day ago
Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide
Jermaine Fok - BT rounds up recent moves by major companies to pare their workforce in 2026
1 day ago
3 in 5 Singapore travellers rethinking travel plans over flight prices: Skyscanner report
Therese Soh - Most remain certain about their ability to travel abroad in the next three months
1 day ago
Core inflation in Tokyo slows, seen accelerating on energy shock
TOKYO, May 1 : Annual core inflation in April hit a four-year low and stayed below the central bank's 2 per cent target for a third straight month, as fuel and education subsidies offset rising raw material costs from the Middle East conflict.Analysts expect consumer inflation to re-accelerate ...
1 day ago
Core inflation in Tokyo stays below BOJ target for third month
TOKYO, May 1 : Annual core inflation in Tokyo hit 1.5 per cent in April, data showed on Friday, staying below the central bank's target for a third straight month as fuel subsidies offset rising raw material costs from the Middle East conflict.Analysts expect consumer inflation to re-accelerate ...
1 day ago
Toyota to build three assembly plants in India’s Maharashtra: Nikkei
The three new plants will make India Toyota’s fourth-largest production base
1 day ago
Tokyo April core CPI rises 1.5% yr/yr
TOKYO, May 1 : Core consumer prices in Tokyo rose 1.5 per cent in April from a year earlier, government data showed on Friday.The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.8 per ...
1 day ago
UAE’s Opec exit: Shockwaves will be felt beyond oil prices
Cartel crack-up reflects growing friction and regional rivalry between the Saudis and the Emiratis
1 day ago
The quiet cost of a noisy workplace
Leaders must get better at recognising substance that does not announce itself
1 day ago
Roblox slashes annual bookings forecast as new safety features take their toll
Sharon Lee - ROBLOX cut its annual bookings forecast on Thursday, signalling that new safety initiatives may impact user growth and spending on its popular...
1 day ago
Oil prices rise with no sign of end to Iran war
MELBOURNE, May 1 : Oil rose on Friday as efforts to resolve the Iran war remained at an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude. Brent crude futures for July were up $1.04, or 0.94 per cent, to $111.44 per barrel by 0421 GMT, while ...
1 day ago
Oil rises over $1 with no sign of Iran conflict ending
MELBOURNE, May 1 : Oil rose on Friday as efforts to resolve the Iran conflict have hit an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude. Brent crude futures for July rose $1.19, or 1.08 per cent, to $111.59 a barrel by 0149 GMT, while We ...
1 day ago
US crude futures rise 41 cents to $105.50/bbl after prior intraday high of $110.93/bbl
MELBOURNE, May 1 : U.S. West Texas Intermediate crude rose 41 cents or 0.43 per cent on open to $105.50 a barrel, after a prior intraday Thursday high of $110.93 a barrel after uncertainty on the direction of the U.S. war against Iran persisted. WTI closed down $1.81, or 1.69 per cent, at $105.07, b ...
1 day ago
Meta CEO Zuckerberg blames layoffs on capital spending, won’t rule out more job cuts
Staff have openly criticised Zuckerberg and other company leaders
1 day ago
Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
April 30 : Sandisk forecast quarterly revenue above estimates on Thursday, joining peers Western Digital and Seagate in signaling that enterprise spending on data storage products used in artificial intelligence data centers remains strong. Sandisk shares, which have risen about 350 per cent this ye ...
1 day ago
Apple sales forecast beats Wall Street expectations, shares rise
iPhone sales were held back in the quarter by supply constraints of advanced processor chips, said CEO Tim Cook
1 day ago
Oil prices rise with no sign of an end to Iran war
Trump was scheduled to receive a briefing on Apr 30 on plans for a series of fresh military strikes on Iran
1 day ago
Oil rises over US$1 with no sign of Iran conflict ending
Trump was scheduled to receive a briefing on Apr 30 on plans for a series of fresh military strikes on Iran
1 day ago
Oil retreats after hitting four-year high on concern of US-Iran war escalation
[NEW YORK] Global oil prices eased after hitting a four-year high of more than US$126 a barrel earlier on Thursday (Apr 30) on concerns...
1 day ago
US stocks: Wall Street ends higher, S&P 500, Nasdaq notch biggest monthly gains in years
[NEW YORK] US stocks advanced on Thursday and the S&P 500 and the Nasdaq logged their biggest monthly gains in years as solid corporate...
1 day ago
Stryker misses quarterly estimates on muted demand for medical devices
April 30 : U.S. medical device maker Stryker on Thursday maintained its full-year profit outlook but missed Wall Street estimates for first-quarter profit and revenue, weighed down by softer demand for implants and devices used in complex procedures ranging from spinal to orthopedic surgeries.The co ...