19 hours ago
Stocks to watch: Great Eastern, Venture Corp, Centurion Accommodation Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 6):
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 hours ago
Korea's KOSPI breaks 7,000 as AI rally catapults Samsung into $1 trillion club
SEOUL, May 6 : South Korea's benchmark KOSPI index vaulted past 7,000 for the first time on Wednesday, as an AI-powered rally in semiconductor stocks drove Samsung Electronics past the $1 trillion market-cap barrier.The gains underscore how global demand for artificial intelligence hardware has ...
19 hours ago
Korea's KOSPI breaks 7,000 as AI chip rally lifts Samsung into $1 trillion club
SEOUL, May 6 : An AI-powered surge in semiconductor shares sent South Korea's benchmark KOSPI index above 7,000 points in a historic first on Wednesday, with Samsung Electronics breaking the $1 trillion market-cap barrier. The gains underscore how global demand for artificial intelligence hardw ...
19 hours ago
S Korea's KOSPI breaks 7,000 as AI chip rally lifts Samsung into $1 trillion club
SEOUL, May 6 : An AI-powered rally in semiconductor shares sent South Korea's benchmark KOSPI index above 7,000 points in a historic first on Wednesday, with Samsung Electronics breaking the $1 trillion market-cap barrier. The KOSPI rose as much as 5.8 per cent to a record 7,338.61 in morning t ...
19 hours ago
South Korea's KOSPI share index tops 7,000 for first time
SEOUL, May 6 : South Korea's benchmark stock index on Wednesday topped a key milestone of 7,000 points for the first time, boosted by a rally in chipmakers.The KOSPI rose as much as 5.4 per cent to 7,311.54 in early trade, hitting its highest on record.Samsung Electronics and SK Hynix rose more ...
19 hours ago
F&N’s 1HFY2026 declines by 2.9% to $81.6 mil; declares dividend of 1.5 cents
Felicia Tan - Fraser and Neave (F&N) has reported earnings of $81.6 million for the 1HFY2026 ended March 31, 2.9% lower y-o-y. Earnings per share (EPS) before exceptional items dipped to 5.6 cents on a fully diluted basis, compared to 5.8 cents in the 1HFY2025. Revenue fell by 6.4% y-o-y to $1.14 billion as b ...
19 hours ago
Great Eastern Q1 profit remains steady at S$346.3 million despite challenging investment environment
Deon Loke - Performance is also underpinned by improved insurance profits
19 hours ago
Great Eastern Q1 profit remains steady at S$346.3 million
Deon Loke - Performance is underpinned by improved insurance profits
20 hours ago
New Zealand finance firms see 30% deposit surge outpacing banks
Residential mortgage lending by finance companies has risen more than 30% since deposit insurance was introduced
20 hours ago
Oil prices little changed as ceasefire holds and US crude stocks fall
MELBOURNE, May 6 : Oil was little changed at open on Wednesday morning after a volatile session on Tuesday with U.S. crude oil inventories falling for a third week in a row as the shaky Middle East ceasefire held. U.S West Texas Intermediate was up 15 cents, or 0.15 per cent, to $102.42 per barrel a ...
20 hours ago
Oil prices fall over US$2 after Trump pauses Strait of Hormuz opening for possible deal
MELBOURNE: US oil futures fell on Wednesday morning (May 6) by over US$2 after US President Donald Trump said an operation to reopen the Strait of Hormuz will be paused for a short period to see whether
20 hours ago
Trump says reopening of Strait of Hormuz ‘paused’, even as ceasefire remains
About 1,600 ships remain stranded in dangerous conditions at the strait
20 hours ago
US says ceasefire with Iran is holding, despite attacks
About 1,600 ships remain stranded in dangerous conditions at the strait
20 hours ago
South Korea April consumer inflation +2.6% y/y, as expected
SEOUL, May 6 : South Korea's consumer prices rose in April at the steepest pace in nearly two years, as expected, on a surge in oil prices triggered by the Middle East conflict. The consumer price index rose 2.6 per cent in April from a year earlier, after rising 2.2 per cent in March, governme ...
20 hours ago
South Korea inflation near two-year high, raising likelihood of rate hikes
SEOUL, May 6 : South Korea's consumer prices rose in April at the steepest pace in nearly two years on a surge in oil prices triggered by the Middle East conflict, raising the likelihood of interest rate hikes in the year's second half to curb inflation pressures. The consumer price index ...
20 hours ago
South Korean April consumer inflation highest in nearly two years amid Iran war
SEOUL, May 6 : South Korea's consumer prices rose in April at the steepest pace in nearly two years, as expected, fuelled by a surge in oil prices triggered by the Middle East conflict. The consumer price index rose 2.6 per cent in April from a year earlier, after rising 2.2 per cent in March, ...
20 hours ago
Analysts still positive on Mapletree Logistics Trust despite forex, rental headwinds
Therese Soh - OCBC upgrades MLT to ‘buy’ but cuts fair value estimate; CGSI trims target price but maintains ‘add’ call
20 hours ago
Analysts still positive on Mapletree Logistics Trust amid forex and rental headwinds, asset recycling tailwinds
Therese Soh - OCBC upgrades MLT to ‘buy’ but cuts fair value estimate; CGSI trims target price but maintains ‘add’ call
20 hours ago
Saudi Arabia cuts oil prices for June from record-high premium
Global benchmark Brent has increased by more than 50% since the conflict started at the end of February
21 hours ago
AMD forecasts quarterly revenue above expectations as AI chip demand stays strong
Unlike Intel, the company outsources its manufacturing to contract chipmakers such as TSMC
21 hours ago
Oil prices fall 4% as fragile US-Iran ceasefire holds, two ships pass through Strait of Hormuz
South Korea is reviewing whether to join Trump’s plan to help ships transit through the strait, an official says
21 hours ago
Oil prices fall a second day as Trump indicates possible Iran peace deal
The Strait of Hormuz closure has drawn down global inventories as refineries try to make up the shortfall
22 hours ago
Australia's DigiCo to sell US data centre for $750 million; shares soar
May 6 : Australia's DigiCo Infrastructure said on Wednesday it would sell its Chicago data centre for $750 million to pay down debt and fund the development of its Sydney site, sending its shares soaring more than 25 per cent.Shares of the data centre landlord rose as much as 25.4 per cent to A ...
22 hours ago
Australia's DigiCo Infrastructure to sell Chicago data centre for $750 million; shares climb
May 6 : Australia's DigiCo Infrastructure said on Wednesday it will sell its CHI1 data centre facility in Chicago for $750 million to pay down its debt and fund the development of its Sydney site, sending shares of the data center landlord up 19 per cent. Shares of the firm jumped as much as 18 ...
22 hours ago
Australia's DigiCo Infrastructure to sell Chicago data centre for $750 million
May 6 : Australia's DigiCo Infrastructure REIT said on Wednesday it will sell its CHI1 data centre facility in Chicago for $750 million to pay down its debt and fund the development of its Sydney site.DigiCo Infrastructure, which spun off from HMC Capital in late 2024 with a A$2 billion IPO, sa ...
22 hours ago
Australia's DigiCo Infrastructure REIT to sell Chicago data centre for $750 million
May 6 : Australia's DigiCo Infrastructure REIT said on Wednesday it has struck a deal with a North American fund manager to sell its CHI1 data centre facility in Chicago for $750 million.The divestment represents a near 5 per cent premium to the data centre landlord's November 2024 acquisi ...
22 hours ago
S&P 500 and Nasdaq notch records as AI chip stocks surge
The S&P 500 has posted 43 new highs and 23 new lows; the Nasdaq recorded 160 new highs and 79 new lows
22 hours ago
Apple settles lawsuit over late Siri AI features for $250 million
SAN FRANCISCO, May 5 : Apple on Tuesday settled for $250 million a shareholder lawsuit brought after the company delayed artificial-intelligence upgrades to its Siri voice assistant.The lawsuit, filed by Peter Landsheft in U.S. federal court in California in 2024, arose after the iPhone maker announ ...
22 hours ago
Apple agrees to US$250 million settlement over AI Siri claims
SAN FRANCISCO: Apple on Tuesday agreed to pay US$250 million to settle a class action lawsuit accusing it of misleading millions of iPhone buyers by falsely touting artificial intelligence capabilities for its Siri voice assistant in late 2024.Plaintiffs accused the California tech giant of having & ...
22 hours ago
European shares rise on positive earnings bump; focus on Middle East tensions
High oil prices are weighing heavily on energy-dependent Europe, stoking inflation fears
22 hours ago
Electronic Arts misses bookings estimates as 'Battlefield' engagement falls
May 5 : Videogame publisher Electronic Arts missed quarterly bookings estimates on Tuesday, weighed down by a post-launch drop-off in engagement for its "Battlefield" franchise and sluggishness in its mobile business.• While "Battlefield 6" enjoyed a strong launch late last yea ...
23 hours ago
Saylor's Strategy posts wider quarterly loss on bitcoin slump
May 5 : Michael Saylor's Strategy reported a wider first-quarter loss on Tuesday, hammered by a slump in bitcoin prices that weighed on the value of its sizeable crypto holdings amid heightened market volatility.A sharp downturn in bitcoin prices since October, later exacerbated by escalating M ...
23 hours ago
Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports
May 5 : Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, the Information reported on Tuesday, citing a person with knowledge of the matter.The commitment indicates that the AI startup represents more than 40 per cent of the "revenue ...
23 hours ago
Bumble posts upbeat quarterly revenue as platform overhaul targets Gen Z
May 5 : Bumble on Tuesday posted first-quarter revenue above estimates as the online dating platform's strategy to win back younger users starts to bear fruit.The company posted revenue of $212.4 million, above analysts' estimates of $211.4 million, according to data compiled by LSEG.• O ...