Stocks edge up, oil prices continue pullback on peace optimism
May 7 : Global stocks mostly held their gains on Thursday while oil prices sank again on optimism over a U.S.-Iran peace deal, even as the fate of the critical Strait of Hormuz appeared unresolved. On Wall Street, the previous session's record highs held, with the S&P 500 little changed, an ...
Global stocks mixed, oil falls on peace optimism
LONDON, May 7 : Global stocks were mixed on Thursday while oil prices sank on optimism over a U.S.-Iran peace deal, even as the fate of the critical Strait of Hormuz appeared unresolved.MSCI's All-Country World Index rose 0.17 per cent to trade around record highs. Europe's STOXX 600 was 0 ...
6-storey office building planned near Changi Airport Terminal 3
[SINGAPORE] The operator of Changi Airport is looking to develop a new office building near Terminal 3.
Singapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply
[SINGAPORE] Oil product stocks in Asia’s oil hub Singapore hit their lowest in more than nine months after the US-Iran war curtailed Middle East crude and fuel exports, official data showed...
UK's BT re-focuses on its core brand, with BT Mobile for consumers
LONDON, May 7 : Broadband and mobile company BT is bringing back its BT Mobile brand for consumers as part of its biggest marketing campaign this decade that will spotlight its historic BT brand.Chief Executive Allison Kirkby said the company's three brands - BT, EE and value-focused Plusnet - ...
Hong Kong bourse proposes to revive gold futures as volatility grips market
HONG KONG, May 7 : Hong Kong Exchanges and Clearing (HKEX) is looking to relaunch gold futures, as the city pushes to become an international gold trading and storage hub amid volatile bullion prices driven by geopolitical tensions.The bourse's head of markets, Gregory Yu, told local lawmakers ...
US and Iran inch towards short-term deal to end fighting
The emerging agreement centres on a memorandum rather than a comprehensive plan for peace, sources say
ST Engineering unit bags Middle East smart mobility projects worth over S$100 million
Chloe Lim - The group’s urban solutions business has a ‘decade-long track record’ in the region
South Korea, Dutch leaders discuss chips, AI cooperation
SEOUL, May 7 : South Korean President Lee Jae Myung and Dutch Prime Minister Rob Jetten agreed in their first phone call to expand cooperation in semiconductors, AI, quantum technology, batteries and offshore wind, Seoul's presidential Blue House said.
CIMB appoints veteran banker Mak Joon Nien as Singapore CEO
Young Zhan Heng - This follows Victor Lee’s abrupt resignation last September
CIMB appoints veteran banker Mak Joon Nien as new Singapore CEO
Young Zhan Heng - This comes after Victor Lee abruptly resigned in September 2025
Swiss-based Terra Quantum lands US Air Force deal ahead of Nasdaq listing
ZURICH, May 7 : Swiss-German firm Terra Quantum said on Thursday it had won a U.S. Air Force contract to supply software that simulates secure military communications in contested battlefield conditions, ahead of a Nasdaq listing valuing it at $3.25 billion.The quantum technology firm did not disclo ...
Lanxess sees oil price in range of $100-$110 per barrel
May 7 : Lanxess expects oil prices to stay high in the coming months, warning that elevated energy costs will continue to weigh on the chemicals sector after the conflict in the Middle East disrupted fuel and feedstock markets.CEO Matthias Zachert said the company expected oil prices to remain in a ...
UAE fertiliser giant warns of global food impact as it turns to trucks to bypass Hormuz
Fertiglobe is using fleets of trucks to transport fertiliser across desert terrain to ports outside of the shipping chokepoint.
Indonesia central bank to make big interventions to stabilise rupiah, governor says
JAKARTA, May 7 : Indonesia's central bank has sufficient foreign exchange reserves to make the strong market interventions required to stabilise the rupiah, Governor Perry Warjiyo said on Thursday. The central bank will intervene not only in domestic but also offshore markets around the clock, ...
Amazon's Prime Video to invest at least 90 million euros in 2026 in local production, regulator says
PARIS, May 7 : Amazon's Prime Video will invest at least 90 million euros ($105.95 million) in European video and movie production in French language this year, the French telecoms regulator said on Thursday.Amazon's investment requirement would raise to 110 million euros if the streaming ...
Singapore stocks rise, tracking regional gains; STI up 0.3%
Jude Chan - Across the broader market, gainers outnumber losers 416 to 225, after 2.1 billion securities change hands
CIMB names Mak Joon Nien as CEO of growth markets and CEO of CIMB Singapore
The Edge Singapore - CIMB Group Holdings has appointed Mak Joon Nien as CEO of growth markets and CEO of CIMB Singapore. Mak joined CIMB from Standard Chartered, where he began his career in 1997 and was appointed the first Malaysian CEO of Standard Chartered Malaysia in 2022. Over the course of his career, he spent 15 ...
Scoot adds 11 Airbus A320neo family aircraft to its fleet
Chloe Lim - This brings its orderbook for this series of airliners to 20
New Securities and Futures (Amendment) Bill will apply to future arrangements with ‘compatible jurisdictions’
Felicia Tan - The new Securities and Futures (Amendment) Bill, which will facilitate dual listing arrangements on the Singapore Exchange (SGX), will also apply to future arrangements with other reputable jurisdictions, says National Development Minister Chee Hong Tat. Chee, who is also the deputy chairman of the ...
Study shows how a potato-based diet changed the genetics of Andean people
May 7 : Indigenous people in the Andes domesticated the potato - a great source of starch, vitamins, minerals and fiber - 6,000 to 10,000 years ago, making this tuber a central part of their diet. These people then experienced genetic adaptations beneficial for such a diet that are still seen in the ...
Workspace provider JustCo files preliminary prospectus for mainboard IPO
Young Zhan Heng - The group plans to open 28 centres in 2026, bringing its total to 78; it also intends to enter new markets
Amazon Singapore cuts ‘less than 10%’ of workforce as it winds down Fresh delivery, local seller operations
Amazon Singapore says it will prioritise expanding its Amazon International Store selection, including products from US, Japan, and Germany.
Asean leaders seek to bring regional trade pact into force this year amid Middle East pressures
Tessa Oh - They want to expedite the process to get the Upgraded Asean Trade in Goods Agreement to take effect
Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability
Benjamin Cher - They state that loans will be a key driver for growth
SingPost partners Europe’s Asendia to enhance cross-border e-commerce delivery
Tay Peck Gek - Local customers will be able to sell and scale their online retail business in new markets with this tie-up
Gulf shipping disruptions highlight need for alternative export routes, flexibility: ADNOC top exec
The United Arab Emirates’ Habshan-Fujairah pipeline transports oil to a port 70 nautical miles outside the Strait of Hormuz, allowing up to 1.5 million barrels to bypass the chokepoint daily.
GameStop CEO says eBay shut his account after buyout funding stunt
He has put up personal items, including a pair of socks, to fund his US$56 billion bid for the platform
Two Indian conglomerates to plow US$1 billion in EV, battery tech
Beijing has become more selective about transferring advanced battery and EV technologies
Prime Holland Plain site draws just one bid from Sim Lian at S$454 million or S$1,491 psf ppr
Ry-Anne Lim - [SINGAPORE] A state land site for a 280-unit low-rise project in the prime Holland Road area fetched just one bid on Thursday...
Japan may have spent $32 billion in additional yen-buying intervention
TOKYO, May 7 : Japan may have spent as much as 5.01 trillion yen ($32.06 billion) in its latest efforts to bolster its embattled currency, central bank data indicated on Thursday, signalling repeated bouts of intervention in markets. The Bank of Japan's projection for money market conditions fo ...
Japan, UAE agree to hold talks on expanded oil supply and joint stockpiles
TOKYO, May 7 : Tokyo agreed with the United Arab Emirates in ministerial talks this week to advance discussions on energy cooperation, such as expanding joint crude oil stockpiles in Japan and increasing UAE crude supplies, Japan's industry ministry said on Thursday.Details such as the volume o ...
MAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill
Benjamin Cher - The proposed legislation will ‘position Singapore to capture future opportunities’: Chee Hong Tat
Poland's EMP teams up with Foxconn to build EV manufacturing hub
WARSAW, May 7 : State-backed ElectroMobility Poland said Thursday it will partner with Taiwan's Foxconn to develop an electric vehicle production and research hub in southern Poland, advancing plans to create a domestic EV champion as Europe demand picks up.Battery EV sales in the European Unio ...
