8 hours ago
Central banks need ‘heightened vigilance’ over risks amid Middle East conflict: MAS chief economist
Janice Heng - Risks are greater for small open economies, with energy prices affecting costs and wages more quickly, he says
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
GIC-backed co-working firm JustCo ends 17.6% below IPO price in lacklustre mainboard debut
Therese Soh - Its 32.1 million offering shares is 3.4 times subscribed
9 hours ago
GIC-backed co-working firm JustCo opens 9.6% below IPO price in lacklustre mainboard debut
Therese Soh - Its 32.1 million offering shares is 3.4 times subscribed
9 hours ago
North Carolina sues Vietnam's Vinfast over delayed EV project
HANOI, May 22 : The State of North Carolina has sued Vietnam's EV maker Vinfast for its alleged failure to meet its commitments to build an electric vehicle and battery factory in the state, Attorney General Jeff Jackson said in a statement.• Vinfast has abandoned work on the site for over a ...
9 hours ago
A*STAR to set up biomedical research facility at Geneo, says Tan See Leng
Kwan Wei Kevin Tan - Life sciences and innovation hub Geneo will welcome the Agency for Science, Technology and Research (A*STAR) as one of its tenants, says Tan See Leng, Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry. A*STAR will establish a bi ...
9 hours ago
CapitaLand chalks up over 80% occupancy for Geneo cluster at Science Park, rents meet expectations
Chong Xin Wei - It integrates three large properties with total gross floor area of about 180,600 sq m
9 hours ago
CGS International maintains 'add' on Ever Glory, adjusts target price to 90 cents following bonus issue
The Edge Singapore - CGS International's Then Wan Lin and Lim Siew Khee have maintained their bullish view on Ever GLory United Holdings after the company's latest contract wins announcement, which brings the M&C contractor's total order book closer to the landmark level of $1 billion. On May 18, the ...
10 hours ago
SIA Engineering opens base maintenance facility in Subang; sees ‘strong potential’ in Malaysian aerospace sector
Therese Soh - The two-hangar facility will supplement hangars in Singapore and the Philippines to support MRO works
10 hours ago
Gold steady as US-Iran signals keep rate hike bets simmering
Bullion is down nearly 14% since the war erupted in late February
10 hours ago
Vista Global sees 25% rise in Apac private jet traffic; Malaysia emerging as key Asean destination
Chloe Lim - Shanghai and Hong Kong are among the business aviation group’s top destinations by volume
10 hours ago
Metro Holdings remains in the red with $203.1 million FY2026 loss
Gerine Tang Yi Qian - Metro Holdings recorded a loss after tax of $203.1 million for FY2026 ended Mar 31, compared to a loss after tax of S$224.7 million for the corresponding period a year ago. Revenue for FY2026 fell 6.6% to $97.7 million, due mainly to lower sales of property rights from residential developments in Be ...
10 hours ago
Japan's core inflation hits 4-year low, rebound eyed on energy shock
TOKYO, May 22 : Japan's annual core inflation slowed to a four-year low in April due to the effect of subsidies on fuel and education, data showed on Friday, though analysts expect surging fuel costs from the Middle East war to accelerate price growth in coming months.While government measures ...
10 hours ago
Trump will swear in Kevin Warsh on May 22 to lead US Federal Reserve
Warsh will serve a four-year term as chair and a 14-year term as a Fed governor
10 hours ago
Stocks to watch: Keppel, Nio, SIA Engineering Company, Sri Trang Gloves, Aims Apac Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 22):
10 hours ago
Stocks to watch: Keppel, Nio, Sri Trang Gloves, Aims Apac Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 22):
11 hours ago
Goldman Sachs to pay US$500 million to settle shareholder lawsuit over 1MDB scandal
Shareholders accused the bank of lying about its role in the fraud while repeatedly touting its supposedly robust risk management
11 hours ago
Keppel, Tuas confirm M1-Simba deal dead in water
Therese Soh - This comes after conditions for the long-stop date were not met by the deadline of May 21
11 hours ago
Tuas terminates proposed M1-Simba deal
Therese Soh - It terminates the acquisition as conditions for the long-stop date were not met by the deadline of May 21
11 hours ago
Keppel announces termination of proposed M1 divestment
Therese Soh - [SINGAPORE] Keppel on Friday (May 22) announced the termination of its proposed divestment of M1.
11 hours ago
Texas sues Meta, WhatsApp over encryption privacy claims
NEW YORK, May 21 : The Texas Attorney General’s Office on Thursday sued WhatsApp and its parent company Meta Platforms Inc alleging they misled consumers about the strength and scope of WhatsApp's encryption measures, which a Meta spokesman denied. The lawsuit in Harrison County court says Wh ...
11 hours ago
Singapore-based Digital Edge closes US$575 million loan to fund Asia-Pacific expansion
The company will use the money to continue expanding in markets including South Korea, Japan, India and South-east Asia
11 hours ago
Oil falls, stocks climb as investors hope for progress in Iran war talks
NEW YORK/LONDON, May 21 : Oil prices fell and stocks rose on Thursday as investors were optimistic about possible progress in peace talks over the Middle East war, although the U.S. and Iran stuck to opposing stances over Tehran's uranium stockpile and controls on the Strait of Hormuz.A senior ...
11 hours ago
Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
May 21 : Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to improve performance around construction zones and flooded roadways.The suspension comes as Waymo, which has b ...
11 hours ago
Apple asks US Supreme Court to review contempt order in Epic Games lawsuit
WASHINGTON, May 21 : Apple asked the U.S. Supreme Court on Thursday to review a lower court ruling that held the iPhone maker in civil contempt over fees it was charging on some outside purchases made by customers of its App Store.The petition to the Supreme Court escalates a years-long legal battle ...
12 hours ago
Workday beats first-quarter estimates on steady software demand
May 21 : Workday exceeded Wall Street expectations for first-quarter revenue and profit on Thursday, as demand for its AI-powered finance and human resources software services gathered pace, sending its shares up 9 per cent in extended trading.The company, which specializes in HR and payroll softwar ...
12 hours ago
Oil prices gain as investors doubt breakthrough in US-Iran peace talks
Six weeks since a fragile ceasefire took effect, efforts to end the war have shown little progress
12 hours ago
Oil prices rise as investors doubt breakthrough in US-Iran peace talks
Six weeks since a fragile ceasefire took effect, efforts to end the war have shown little progress
12 hours ago
Take-Two sticks with 'GTA VI' launch timeline, forecasts annual bookings below estimates
May 21 : Take-Two Interactive forecast annual bookings below Wall Street expectations on Thursday, but reiterated the November 19 launch date for the highly awaited "Grand Theft Auto VI," sending its shares up around 7 per cent in extended trading. Investors and analysts are keeping a clos ...
13 hours ago
Wall Street indexes end slightly higher as investors focus on Middle East peace hopes
The S&P 500 posted 11 new 52-week highs and four new lows while the Nasdaq Composite recorded 96 new highs and 108...
13 hours ago
Commentary: The football world will watch EPL’s streaming service debut in Singapore
Singapore is prime testing ground for the English Premier League’s new streaming platform, says football writer John Duerden.
13 hours ago
European equities end flat as investors await Middle East peace updates
Despite a recovery from lows hit during the conflict, European equities have struggled to bounce back to pre-war levels
13 hours ago
Zoom raises annual forecasts, banks on AI features to drive demand
May 21 : Zoom Communications raised its annual revenue and profit forecasts on Thursday, betting on strong demand for its AI features as the video conferencing platform looks to shore up enterprise and consumer spending.Shares of the company were up more than 7 per cent in extended trading.Zoom has ...
14 hours ago
Cox Media fined for claiming it used AI to track consumer conversations
May 21 : The U.S. Federal Trade Commission fined Cox Media Group and two other companies for falsely claiming they could use AI to target ads based on conversations consumers had near their smart devices, the agency said on Thursday.Here are some details:• The company falsely told potential advert ...
14 hours ago
Meta settles first US case over school costs tied to youth mental health, court filing shows
May 21 : Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms.The agreement fully resolves a lawsuit brought by Breathitt Coun ...