14 hours ago
Sony, Singapore’s GIC to pay almost US$4 billion for Bieber, Neil Young catalogue
The deal is believed to be one of the largest such deals in music history
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Sun Life quarterly profit jumps on Asia business strength
Canadian insurers have aggressively invested in Asia to capture market share in fast-growing markets and diversify their revenue base
14 hours ago
Japan's Nikkei blazes past 63,000 on earnings, Iran peace optimism; JGBs rally
A potential deal to end the war, which started at the end of February, sent oil prices sliding nearly 8 per cent on Wednesday.
14 hours ago
Japan's Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally
The benchmark Nikkei 225 Index rose 3.38 per cent to an all-time high of 61,523.36 in early trading.
14 hours ago
Japan's Nikkei surges past 61,000 for first time on earnings, Mideast optimism
TOKYO, May 7 : Japan's Nikkei share average shot to a record high on Thursday as financial markets reopened after holidays, catching up with optimism over strong technology earnings and signs of a potential peace deal in the Middle East.The benchmark Nikkei 225 Index rose 3.38 per cent to an al ...
14 hours ago
Aims Apac Reit H2 DPU rises 4.1% to S$0.0513 on higher rental, recoveries
Deon Loke - Revenue is up 4.1% at S$97 million for the period
14 hours ago
Aims Apac Reit H2 DPU rises 4.1% to S$0.0513 on higher rental and recoveries
Deon Loke - Revenue is up 4.1% at S$97 million for the period
14 hours ago
Aims Apac Reit H2 DPU rises 4.1% to S$0.0513
Deon Loke - Revenue is up 4.1% at S$97 million for the period
14 hours ago
Japan keeps US close as it signals unlimited yen defence
TOKYO, May 7 : Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's resolve to defend the embattled yen. The remarks by Atsushi Mimura come ahead of a visit to ...
14 hours ago
Japan signals it will act without limit to defend yen, in daily contact with US
TOKYO, May 7 : Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's readiness to step into the market to prop up the yen.The remarks by Atsushi Mimura, the vice ...
14 hours ago
Japan says it has no limits on yen intervention, in daily contact with US
TOKYO, May 7 : Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's readiness to step into the market to prop up the yen.The remarks by Atsushi Mimura, the vice ...
14 hours ago
Japan forex czar says IMF floating rate label does not limit currency action
TOKYO, May 7 : Japan's top currency diplomat Atsushi Mimura said on Thursday that the International Monetary Fund's classification of Japan as having a free floating exchange rate regime does not restrict the frequency of currency intervention.Mimura, the vice finance minister for internat ...
14 hours ago
StarHub Q1 net profit tumbles 81.3% to S$5.9 million as consumer business slides across the board
Therese Soh - Revenue down 6% to S$507 million; service margin also squeezed
14 hours ago
AIMS APAC REIT reports FY2026 DPU of 9.85 cents, 2.6% higher y-o-y
Teo Zheng Long - AIMS APAC REIT (SGX: O5RU ) (AA REIT) has reported a distribution per unit (DPU) of 9.85 cents for FY2026 ended March 31, 2.6% higher y-o-y. Gross revenue increased 2.2% y-o-y to $190.7 million while net property income rose 5.7% y-o-y to $141.3 million. The higher figures were mainly attributable t ...
14 hours ago
Singapore bank UOB cites 'softer operating environment' as net profit falls 4% on-year
SINGAPORE: Singapore's United Overseas Bank, or UOB, reported on Thursday (May 7) a 4 per cent annual fall in first-quarter net profit that, despite beating expectations, reflected the impact a precarious market backdrop and rate headwinds have had on the lender.Southeast Asia's thir
14 hours ago
Arm forecasts higher-than-expected revenue on surging AI data centre demand
The company generates revenue by licensing its technology to companies such as Nvidia and Apple
15 hours ago
Trump sees swift end to war as Iran reviews US peace proposal
An Iranian spokesperson described the proposal as ‘more of an American wish-list than a reality’
15 hours ago
AirAsia ready to buy 150 larger versions of Airbus A220 jet it ordered
The airline is the “launch customer” of the A220’s new 160-seat cabin configuration
15 hours ago
UOB's 1QFY2026 net profit rises 2% q-o-q, but falls 4% y-o-y
The Edge Singapore - United Overseas Bank’s (UOB) 1QFY2026 ended March 31 net profit of $1.437 billion was above the latest Bloomberg estimate of $1.39 billion but within an earlier estimate three weeks ago of $1.43 billion. Net profit was up 2% q-o-q but down 4% y-o-y. Net interest income moderated 1% q-o-q and 4% y- ...
15 hours ago
UOB's 1QFY2026 net profit rose 2% q-o-q, but fell 4% y-o-y
The Edge Singapore - United Overseas Bank’s 1QFY2026 net profit of $1.437 billion was above the latest Bloomberg estimate of $1.39 billion but within an earlier estimate three weeks ago of $1.43 billion. Net profit was up 2% q-o-q but down 4% y-o-y. Net interest income moderated 1% q-o-q and 4% y-o-y to $2.3 billion p ...
15 hours ago
UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
Renald Yeo - CEO Wee Ee Cheong says the completion of its Citi integration gives the bank a ‘long runway’ for organic wealth growth across...
15 hours ago
UOB Q1 net profit dips 4% to S$1.44 billion; beats expectations
Renald Yeo - Net interest income falls 4% to S$2.32 billion on lower benchmark rates
15 hours ago
UOB Q1 net profit falls 4% to S$1.44 billion; beats expectations
Renald Yeo - Net interest income fell 4% to S$2.32 billion on lower benchmark rates
15 hours ago
Oil prices rise as investors weigh Middle East peace prospects
[TOKYO] Oil prices rose over US$1 on Thursday (May 7), rebounding from the Wednesday’s sharp losses, as investors weighed the prospects of...
15 hours ago
Oil prices slide on reports US and Iran are nearing peace agreement
[NEW YORK] Oil prices fell sharply to two-week lows on Wednesday (May 6) as optimism grew about a possible end to the...
15 hours ago
Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition
Paige Lim - Joining the Jollibee Group has boosted the brand’s global scalability. It has also adopted stronger SOPs that can be replicated across markets
15 hours ago
China’s Midea Group raises US$2.2 billion in convertible bond sale
Bonds that convert into stock find a sweet spot when interest rates and volatility are high
15 hours ago
US oil prices rebound as investors assess prospects for a Middle East peace deal
TOKYO, May 7 : U.S. crude futures rose about $1 in early trade on Thursday, rebounding from the previous day's losses, as investors assessed prospects for a Middle East peace deal.U.S. West Texas Intermediate crude futures gained 80 cents, or 0.8 per cent, to $95.88 a barrel as of 2223 GMT afte ...
16 hours ago
US considers tapping oil under military bases to refill reserve
The reserve is poised to reach its lowest level since 1982
16 hours ago
Commentary: Anthropic’s Mythos AI marks a cybersecurity moment Singapore cannot ignore
Even if Anthropic’s claims about its new AI model are overstated, the deeper challenge Mythos represents is very real, say NCS cybersecurity chief Foo Siang-tse and strategic adviser Shashi Jayakumar.
16 hours ago
CNA Explains: What is frontier AI and how Anthropic's Mythos is reshaping cybersecurity
Anthropic’s Mythos AI model has demonstrated advanced capabilities in coding and system analysis, raising fears over how such tools could be misused.
16 hours ago
S&P 500 and Nasdaq notch records; AMD results spark AI stock rally
Wall Street has surged in recent weeks, with investors looking beyond the Middle East conflict
17 hours ago
Europe’s Stoxx 600 up over 2% on Iran deal optimism; earnings in focus
Money markets are currently pricing in a 67.6% chance that the European Central Bank hikes rate at its June meeting
17 hours ago
Trading Day: A peace wish and chips
ORLANDO, Florida, May 6 : Hopes that a U.S.-Iran peace deal might be imminent propelled global stocks to new highs and sent oil prices tumbling on Wednesday, with the U.S. AI frenzy intensifying on strong earnings and reports of mega spending commitments in the sector. In my column today, I look at ...