19 hours ago
Bessent’s unprecedented grasp on Japan policy tests Takaichi
His knowledge of Japan is “unprecedented” for a Treasury chief, according to Ken Weinstein
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 hours ago
Isca panel urges firms to ditch boilerplate guidance, bridge trust gap
Meera Pathmanathan - Acknowledging uncertainties with the right assumptions can build credibility with investors
19 hours ago
Shein accuses Temu of 'industrial scale' copyright breaches in UK legal battle
LONDON, May 11 : Online fast-fashion platform Shein accused Temu of copyright infringement "on an industrial scale", while Temu countered that Shein is using litigation to stifle competition, as a trial opened at London's High Court on Monday.The case is part of a global legal battle ...
19 hours ago
Mapletree buys 39-ha site in New Jersey for logistics facility, in sixth US development project
Chong Xin Wei - The new development will be near key air cargo hubs and seaports, and comprise two warehouse buildings
20 hours ago
Alphabet considers first yen bond sale to fund AI goals
TOKYO, May 11 : Alphabet plans to sell Japanese yen-denominated bonds for the first time, it disclosed in a filing on Monday, as technology giants tap debt markets to fund artificial intelligence infrastructure deployments.The Google parent did not disclose the size of the offering. The issuance is ...
20 hours ago
EU says OpenAI offers to open access to cybersecurity model, Anthropic not there yet
BRUSSELS, May 11 : The European Commission on Monday welcomed an offer by U.S. artificial intelligence giant OpenAI to provide open access to its cybersecurity features, but said its rival Anthropic has not yet gone so far.While the Commission has received the offer from OpenAI, it has had four or f ...
20 hours ago
EU Commission in talks with OpenAI and Anthropic over AI models
BRUSSELS, May 11 : The European Commission is in ongoing discussions with U.S. artificial intelligence giants OpenAI and Anthropic, a spokesperson said on Monday.Spokesperson Thomas Regnier said the Commission welcomed OpenAI's proactive engagement, including its intent to grant access to its n ...
20 hours ago
Oil rises after Trump rejects Iran’s response to US peace proposal
[LONDON] Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a US peace proposal was “unacceptable”, raising...
20 hours ago
Saudi crude exports to China set for record low in June amid high prices, sources say
Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month
20 hours ago
Circle revenue boosted as stablecoin demand rises amid volatility; shares up
May 11 : Circle reported higher quarterly revenue and reserve income on Monday, driven by increased adoption and circulation of its stablecoin, pushing its shares 2 per cent higher in early trading.Market volatility and the Middle East conflict pushed investors to rotate out of risky cryptocurrencie ...
20 hours ago
Circle sees revenue boost as stablecoin demand rises amid volatility; shares up
May 11 : Circle on Monday reported higher quarterly revenue and reserve income driven by increased adoption and circulation of its stablecoin, sending its shares rising nearly 5 per cent in trading before the bell. Market volatility and the Middle East conflict pushed investors to rotate out of cryp ...
21 hours ago
OCBC, UOB, DBS lead Singapore stocks higher on Monday; STI up 0.4%
Jude Chan - Across the broader market, losers outpace gainers 340 to 279, as 2.1 billion securities worth S$2.6 billion change hands
21 hours ago
AI labs should pass safety review to get US government contracts, group says
May 11 : The Trump administration should screen cutting-edge artificial intelligence models for security threats before they are publicly released and withhold lucrative government contracts from those that fail review, an advocacy group told U.S. officials on Monday.The White House is grappling wit ...
21 hours ago
European shares tepid as markets weigh US-Iran deadlock
EUROPEAN shares were muted on Monday, as stalled US-Iran peace negotiations pushed oil prices higher and weighed on risk appetite.
21 hours ago
SIA boosts Europe flight frequencies, returns to Madrid amid strong travel demand
Shikhar Gupta - SIA’s weekly flights to Europe have increased by almost 12% over the last two months
22 hours ago
China stocks hit 11-year high on AI optimism, exports rebound
The country’s export growth rebounded strongly in April
22 hours ago
AI upheaval: Entry-level ICT job postings in Singapore fall 38% as roles change, says Accenture
Deon Loke - Leaders must elevate their talent strategies to an equal, if not greater imperative than technology adoption
22 hours ago
Singapore’s national accountancy body sets up task force to strengthen financial reporting
Ranamita Chakraborty - Move aligns with SGX’s ‘Value Unlock’ plans to create shareholder value
22 hours ago
China’s domestic car demand stays weak but exports strengthen
In April, sales at home drop 21.6% from the year before to 1.4 million vehicles
22 hours ago
JPMorgan hikes Kospi bull case target to 10,000 on memory boom
As Kospi’s gains extend, overheating signals are also growing
23 hours ago
Philippine developers turn defensive as Middle East crisis threatens residential and retail market
Evan See - The beleaguered market could worsen on lagged effects, but analysts remain upbeat on property giants’ strategies
23 hours ago
Singapore-listed palm oil stocks catch biodiesel spark
A fortuitous mix of supportive fundamentals could enable them to burnish their sustainability credentials
1 day ago
China’s private refiners seek Beijing approval to cut run rates as Iran war hits margins
Many smaller operations have been grappling with weeks of deepening losses
1 day ago
Modi asks Indians to stop buying gold, hitting jewellery stocks
Gold is seen as auspicious for weddings and festivals
1 day ago
Penang looks past hyperscale data centres, doubles down on chips
Tan Ai Leng - The northern state shuns the data centre race to focus on its stronger competitive advantages
1 day ago
Indonesia delays plan to impose higher royalties, export duties on minerals
JAKARTA, May 11 : Indonesia has delayed plans to extract more revenue from the mining sector until it can figure out an "ideal formulation" that benefits both the government and mining firms, the country's mining minister said on Monday.Here are some details:• The government planned ...
1 day ago
BYD sees annual sales rise despite tepid market, says JPMorgan
The automaker now expects domestic sales to reach between 3.5 million and four million units this year
1 day ago
Indonesia central bank bills outstanding rise most in two years
Overseas investors have cut their holdings of the nation’s stocks and bonds in recent weeks
1 day ago
Departing Bank of Korea board member says policy should focus on inflation control
SEOUL, May 11 : South Korea's central bank needs to prioritise controlling inflation as it could exceed the target rate after the war in Iran drove up energy prices, an outgoing member of the policy-setting board said on Monday. "If there is a possibility of it deviating from our target of ...
1 day ago
In quick commerce, every millisecond hits the bottom line
Rully Moulany - Five years ago, quick commerce kept daily life moving when much of the world was locked down. Platforms like Foodpanda and Grab quickly became essential infrastructure for everyday needs. As the world reopened, many predicted the sector would decline. Instead, quick commerce has matured into one of ...
1 day ago
Toyota to build new 100,000-units-a-year car factory in India
TOKYO, May 11 : Toyota said on Monday it would build a new 100,000-vehicles-a-year factory in Maharashtra, India that would begin production in the first half of 2029.The plant, to be located in the region's Bidkin Industrial Area, will manufacture a new SUV model and would employ about 2,800 p ...
1 day ago
US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at upcoming Xi summit
Consumer interest in Chinese EVs is growing as the Iran war spikes petrol prices
1 day ago
US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at Xi summit
The House bill would go further, banning industry partnerships with Chinese companies
1 day ago
ExxonMobil names country head Jean-Marc Taton as new Asia-Pacific chair and managing director
Therese Soh - Leadership transition occurred on the same day the company posted its Q1 adjusted earnings that beat estimates