14 hours ago
Stocks to watch: Seatrium, CapitaLand Ascott Trust, Boustead, UI Boustead Reit, Fu Yu
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 27):
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Oil rises as Hormuz remains shut after US-Iran peace talks stall
Axios reported Teheran offered the US a fresh proposal to open the strait
14 hours ago
Oil climbs nearly 2% as US-Iran peace talks stall
Brent and WTI have gained nearly 17 per cent and 13 per cent respectively last week
14 hours ago
Keppel commences arbitration proceedings against partners over Vietnam JV
Felicia Tan - Keppel, through its wholly-owned subsidiary Corredance, has filed a notice of arbitration with the Singapore International Arbitration Centre against Denver Power Ltd, Tien Phuoc Real Estate Joint Stock Company and Tran Thai Lands Company Limited (collectively, the respondents) over claims arising f ...
14 hours ago
CapitaLand Ascott Trust Q1 distribution income ‘relatively stable’; RevPAU up 1% at S$137
Therese Soh - This comes despite impact of ongoing renovations at The Cavendish London and The Madison Hotel Hamburg
14 hours ago
Chip toolmaker Tokyo Electron cuts ties with executive linked to Chinese rivals, FT reports
April 27 : Chip toolmaker Tokyo Electron has cuts ties with veteran executive Jay Chen after the Japanese firm discovered his ties to investment vehicles backing a new generation of Chinese competitors, the Financial Times reported on Monday, citing people familiar with the matter.Reuters could not ...
14 hours ago
CLAS RevPAU up 1% y-o-y in 1QFY2026
Jovi Ho - CapitaLand Ascott Trust’s (CLAS) gross profit for 1QFY2026 ended March 31 was affected by the closure of The Cavendish London and Madison Hamburg for renovation works. The latter has reopened, and the remaining works are scheduled to be completed in 2QFY2026. While the manager only shares specific ...
14 hours ago
Centurion Corp to acquire second miners' accommodation asset in Australia for A$28.55 mil
The Edge Singapore - Just one week after Centurion Corp announced the acquisition of a miner's accommodation, it has announced a second similar acquisition. On April 27, Centurion announced it is spending A$28.55 million, or $26 million to buy an asset in South Hedland, Western Australia. Just on April 20, the comp ...
14 hours ago
Denso says considers ending Rohm pursuit as acquisition talks stall
TOKYO, April 27 : Japanese auto parts maker Denso Corp said on Monday that it has not gained chipmaker Rohm's agreement for its acquisition proposal and is considering withdrawing the offer.Last month Denso, a major Toyota Motor supplier, made the bid in a move that would have expanded its cont ...
15 hours ago
Addvalue receives SGX's nod for Nasdaq spin off of space connectivity unit; EGM to be called
The Edge Singapore - Addvalue Technologies has received the nod from SGX that its proposed Nasdaq spin off of space connectivity business is not deemed a chain listing. Addvalue will next call for an EGM to get shareholders' nod to list this subsidiary business organised under its unit Addvalue Solutions. Besides s ...
15 hours ago
Addvalue surges after SGX's nod for Nasdaq spin off; Maybank raises target price to 31 cents
The Edge Singapore - Addvalue Technologies has received the nod from SGX that its proposed Nasdaq spin off of space connectivity business is not deemed a chain listing, spurring a surge in its share price. Addvalue will next call for an EGM to get shareholders' nod to list this subsidiary business organised under i ...
15 hours ago
Gold declines as attempts to restart US-Iran peace talks falter
In the Middle East, the effective closure of Hormuz has disrupted around a fifth of the world’s oil flows
15 hours ago
Goldman Sachs raises oil price forecasts on tight supply
[SINGAPORE] Goldman Sachs has raised its oil price forecasts for the fourth quarter to US$90 a barrel for Brent crude and US$83...
15 hours ago
Chevron CEO says Venezuela must do more for oil industry revival
The country has changed its long-standing nationalist oil policy in a bid to entice investors
15 hours ago
China formalises labour rules for gig workers on online platforms
The guidance also seeks to strengthen oversight of algorithms used by Internet platforms by enhancing transparency
16 hours ago
‘Off to a good start’: Analysts expect OUE Reit to unlock further value from assets after strong Q1 showing
Koh Kim Xuan - Its stake in Salesforce Tower in Sydney to boost the group’s income
16 hours ago
Nikkei 225 bullish momentum expected to continue but downside risks seen
THE Nikkei 225 Index Futures, traded in standard, mini, and micro contracts, is a derivative instrument based on Japan’s flagship equity benchmark,...
16 hours ago
AI drives NYSE-listed Snowflake’s revenue growth, productivity as cloud data demand surges
Benjamin Cher - Increasing focus on artificial intelligence is driving sales and changing how clients interact with the platform
16 hours ago
Safe-haven flows, no Q1 Fed cut support positive earnings outlook for DBS, OCBC, UOB: analysts
Renald Yeo - All 3 lenders have little to no exposure to private credit risks, management teams say
16 hours ago
Record-setting momentum rally is drawing doubters
Investors will get a key glimpse into the state of the American earnings machine this week
16 hours ago
US Senator Tillis says he’s ready to advance confirmation of Warsh as Fed chair
REPUBLICAN Senator Thom Tillis on Sunday said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward...
17 hours ago
Commentary: How SIA can avoid throwing good money after bad, amid Air India losses
The Indian airline has reportedly asked Singapore Airlines for financial support. Shareholders will need some convincing, says former financial journalist Ven Sreenivasan.
17 hours ago
Iran offers deal to US to reopen Hormuz strait and delay nuclear talks: report
The plan calls for extending the ceasefire so the parties can work toward a permanent end to the fighting
17 hours ago
Trump says Iran can phone if it wants to talk; Iranian minister heads to Russia
Iran has long demanded Washington acknowledge its right to enrich uranium
18 hours ago
S$14 million Leedon Residence deal nets S$5.2 million profit, tops Q1 resale gains
Ry-Anne Lim - ECs among top percentage gainers with profits of 130%-140%; biggest losers suffer losses of up to S$1.9m
24 hours ago
Gunman in DC gala attack built up arsenal to target US officials
The suspect is scheduled to be arraigned on Monday in federal court in Washington.
1 day ago
SGX RegCo stiffens its back with proposal for enhanced disclosures to drive value creation
Ben Paul - The frontline market regulator should ask boards for more transparency on their thinking on capital management
1 day ago
Big Tech’s US$16 trillion earnings week is make-or-break for rally
Alphabet, Microsoft, Amazon and Meta are set to report their results on Wednesday
1 day ago
Singapore Open: South Korea’s Ham overcomes rain delay to claim his first international victory
Australian Cameron John finishes runner-up at the US$2 million event at Sentosa Golf Club
1 day ago
UI Boustead Reit, Fraxtor Group to develop two Japan logistics facilities
Chong Xin Wei - The Reit’s share of the total development cost is about 2.5 billion yen, or S$20.4 million
1 day ago
JP Morgan Chase raises stake in AEM Holdings to above 7%
Teo Zheng Long - AEM Holdings AWX has announced that its substantial shareholder, JP Morgan Chase has acquired 115,600 shares back on April 20. In the SGX filing dated April 26, the shares were purchased for a total consideration of $562,142.10, which excludes brokerage and stamp duties. This translates to an averag ...
1 day ago
Boustead unit secures over S$400 million contract to build office complex
Chong Xin Wei - This brings the real estate solutions division’s order backlog to S$837 million
1 day ago
Singapore’s silver tsunami draws assisted-living players like Perennial and Autagco, but can they make money?
Lee Su Shyan - Perennial’s luxury offering will be opening its doors to residents soon
1 day ago
Straits Trading aims to address an underserved market for seniors: life before assisted care
Lee Su Shyan - The group aims to create an integrated independent living value chain across property, operations and services