21 hours ago
Japan's Nikkei closes at record high as tech earnings overshadow Mideast concerns
[TOKYO] Japan’s Nikkei set a closing record high on Friday (Apr 24), capping a third consecutive weekly gain, as enthusiasm over technology...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
Aster to explore new Singapore facility turning used motor oil into high-grade products
Sharanya Pillai - It could establish the city-state as an Asian hub for sustainable lubricants
21 hours ago
Riding AI ‘gold rush’: Vietnam tungsten giant courts foreign investors ahead of planned mainboard listing
Jamille Tran - Masan High-Tech Materials plans to ramp up metal output from its Vietnam mine to tap ex-China supply gap for strategic industries
21 hours ago
TotalEnergies approves Kazakh renewable project despite disputes
April 24 : French oil major TotalEnergies on Friday approved a $1.2 billion investment in a 1 gigawatt wind farm in Kazakhstan, pressing ahead despite ongoing legal disputes in the country.The final investment decision on the Mirny project comes as TotalEnergies contests a $4.6 billion environmental ...
21 hours ago
TotalEnergies to invest in $1.2 billion power project in Kazakhstan
(Corrects paragraph 2 to say the project is expected to reach full capacity in 2029, not to fully launch in that year)April 24 : French energy major TotalEnergies on Friday agreed to invest in a Kazakhstan-based onshore wind and energy storage project valued at $1.2 billion, with roughly 75 per cent ...
21 hours ago
Nomura posts record annual profit, sees no prolonged impact from Iran war so far
TOKYO, April 24 : Nomura, Japan's largest investment bank and brokerage, on Friday reported a record annual profit for the second year in a row and said the U.S.-Israeli war on Iran has not disrupted structural growth factors in its home market.The firm has been engaged in a multi-year effort t ...
21 hours ago
Nomura posts slim Q4 profit rise but annual earnings hit record
TOKYO, April 24 : Japan's largest investment bank and brokerage Nomura reported a 3 per cent rise in fourth-quarter net profit on Friday, as wealth management-related revenues rose and its wholesale division capitalised on buoyant markets and dealmaking.Nomura's net income rose to 73.9 bil ...
22 hours ago
UK's Computacenter forecasts strong year as AI and data centre demand lifts orders
April 24 : British technology and services provider Computacenter said on Friday it would beat annual profit forecasts, as clients brought forward hardware orders amid supply shortages linked to a data centre and artificial intelligence investment boom.Shares in the company, which helps large organi ...
22 hours ago
DBS launches enhanced generative AI programme to fast-track SME adoption
Jermaine Fok - The programme builds on its Spark GenAI initiative launched in 2024, and offers a more structured approach to AI transformation
22 hours ago
The Great Singapore Office Sale: what’s driving the surge in deal activity in the office market?
Kalpana Rashiwala - Lower interest rates are helping to fuel a resurgence in Singapore office investment sales. But will there be takers for all these...
22 hours ago
JPM says CICT’s FY2026 DPU is ahead of forecast based on advanced distribution
The Edge Singapore - In its “first take” on CapitaLand Integrated Commercial Trust’s 1Q2026 business updates, JP Morgan says NPI’s 7.9% y-o-y to $314.4 million is within expectations, driven by the prior CapitaSpring acquisition in Aug 2025, progressive income contribution from Gallileo following handover comple ...
22 hours ago
Japan launches financial task force amid AI security fears
TOKYO, April 24 : Japan will set up a task force to address cybersecurity risks in its financial system following concerns about potential vulnerabilities linked to Anthropic's Mythos AI model, Finance Minister Satsuki Katayama said on Friday.The decision was agreed at a meeting involving the F ...
23 hours ago
Canadian AI startup Cohere buys Germany's Aleph Alpha to expand in Europe
April 24 : Canadian AI firm Cohere agreed on Friday to buy German tech startup Aleph Alpha at an undisclosed price as it looks to increase sales to government and business customers in highly regulated European markets.Initially seen as Germany's answer to OpenAI, Aleph Alpha has since abandone ...
23 hours ago
Canada's AI startup Cohere buys Germany's Aleph Alpha to expand in Europe
BERLIN, April 24 : Canadian AI startup Cohere on Friday agreed to buy German tech startup Aleph Alpha at an undisclosed price to sell more to government and business customers in the highly-regulated European markets."We are bringing Aleph Alpha into Cohere, and we are going to merge the two en ...
23 hours ago
Canada's Cohere and Germany's Aleph Alpha to announce merger, Handelsblatt reports
BERLIN, April 24 : Artificial intelligence companies Cohere of Canada and Aleph Alpha of Germany have agreed to merge, newspaper Handelsblatt reported on Friday. Citing government and industry sources, the paper said the combined company was intended as an alternative to U.S. technology companies, p ...
23 hours ago
India’s Infosys slumps to lowest level in three years over weak growth
SHARES of Infosys fell as much as 4.2 per cent to their lowest level in three years on Friday after the firm...
23 hours ago
Norway plans to ban social media use by children under 16
OSLO, April 24 : Norway said on Friday it would present a bill in parliament by year-end to ban children from using social media until they turn 16, making technology companies responsible for the task of age verification.Several European nations seeking to rein in children's use of social medi ...
23 hours ago
Norway government plans social media ban for children under 16
OSLO, April 24 : Norway's government said on Friday it will propose a ban on the use of social media for children under the age of 16, and will make technology companies responsible for age verification of young users."We are introducing this legislation because we want a childhood where c ...
23 hours ago
Huawei Ascend supernode to support Deepseek V4
HONG KONG, April 24 : Huawei Technologies said on Friday its Ascend supernode based on Ascend 950 AI chips would fully support Deepseek's V4 versions after the Chinese artificial intelligence startup launched a preview of its new model.
24 hours ago
CICT’s 1Q2026 NPI rises 7.9% y-o-y, plans AEI on Plaza Sing
The Edge Singapore - CICT’s 1Q 2026 gross revenue and net property income (NPI) increased by 8.% and 7.9% y-o-y largely due to the step-up acquisition to a 100% interest in CapitaSpring and contribution from Gallileo. Occupancy rates fell. As at March 31, portfolio committed occupancy was 95.2% (compared to 96.9% in 4 ...
24 hours ago
Hyundai Motor to launch 20 models in five years in new China offensive
[BEIJING] Hyundai Motor said on Friday it would roll out 20 new models in China over the next five years as it...
24 hours ago
AEM, UMS among chip players riding AI-linked export surge
Chloe Lim - Several analysts say that the impact on Singapore’s manufacturing landscape has been “limited”
24 hours ago
AEM, UMS among electronics players riding AI-linked export surge
Chloe Lim - Several analysts say that the impact on Singapore’s manufacturing landscape has been “limited”
24 hours ago
Some electronics, AI-linked companies rise over 10% amid Singapore’s export surge
Chloe Lim - Several analysts say that the impact on Singapore’s manufacturing landscape has been “limited”
1 day ago
Credit markets are underpricing inflation, debt risks: Robeco CIO
Jean Low - Against this backdrop, the asset manager favours shorter-duration exposures and higher-quality credit
1 day ago
Tng of CGSI cuts target price for Sanli Environmental to 33 cents
The Edge Singapore - William Tng of CGS International has kept his 'add' call on Sanli Environmental. However, citing threats from higher energy costs, he has cut his target price from 47 cents to just 33 cents. In his April 23 note, Tng says that Sanli's 2HFY2026 earnings will be negatively impacted by h ...
1 day ago
India's Infosys slumps to lowest level in three years over weak growth
April 24 : Shares of Infosys fell as much as 4.2 per cent to their lowest level in three years on Friday after the firm forecast disappointing fiscal 2027 revenue growth, as AI-led spending caution and geopolitical tensions weigh on India’s $315 billion IT sector.India's No. 2 IT services exp ...
1 day ago
India's Infosys slips on weak 2027 growth outlook
April 24 : Shares of Infosys fell as much as 3.3 per cent on Friday after the IT firm forecast weaker-than-expected fiscal 2027 revenue growth, as AI-driven spending caution amid macro uncertainty raised concerns over demand recovery in the sector. The stock was trading 1.9 per cent lower at 9:20 a. ...
1 day ago
Amid the AI boom, will Sunright finally shine brighter?
Teo Zheng Long - The AI-driven mega boom has sent semiconductor stocks worldwide rising multifold. Back home, our technology counters are also moving in tandem with the global technology players. Prominent names in the local listed semiconductor space, such as AEM Holdings, Frencken Group and UMS Integration, have s ...
1 day ago
Does Paragon need $300 mil to $600 mil of AEI?
Goola Warden - Unitholders of Paragon REIT may have sounded somewhat miffed at CapitaLand Integrated Commercial Trust’s (CICT) proposed acquisition of Paragon mall for $3.9 billion. But they shouldn’t be. After all, CICT’s unit price rose after a trading halt on April 20, and its private placement was upsize ...
1 day ago
HG Metal sees better days ahead with booming steel demand from the construction industry
Teo Zheng Long - The construction upswing in Singapore has boosted investor interest in the industry ecosystem, which includes not only contractors but also material suppliers. Several high-profile names that have consistently engaged the investment community, such as concrete provider Pan-United Corp and steel stoc ...
1 day ago
CGS International raises Ever Glory's target price to $1.13 on further mega project orders
The Edge Singapore - Then Wan Lin and Lim Siew Khee of CGS International have become more bullish on Ever Glory United Holdings, on the premise that the leading mechanical and engineering contractor is set to win more orders from major infrastructure projects by early next year. From a previous target price of 90 cents, ...
1 day ago
1Q earnings of banks could be pressured by net interest margins and credit costs
Goola Warden - According to Bloomberg’s earnings estimates, DBS Group Holdings is forecast to report a net profit of $2.91 billion in 1QFY2026 ended March 31, compared to the $2.358 billion recorded in 4QFY2025 and $2.897 billion in 1QFY2025. Oversea-Chinese Banking Corp (OCBC) is forecast to report a net profit ...
1 day ago
Fitch says no immediate downgrade if Indonesia's deficit tops 3% due to Iran war impact
JAKARTA, April 23 : Indonesia has room to breach its legal fiscal deficit ceiling of 3 per cent of GDP without triggering an immediate ratings downgrade, as long as it is only a temporary response to economic disruptions caused by the war in the Middle East, a director with Fitch Ratings said on Thu ...