21 hours ago
Asia bond sales jump in April as war lull spurs rush in issuance
Year-to-date volumes in the region are now broadly flat from a year earlier, in line with global markets
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
AI skills pull in higher salaries for engineers, as demand shifts to senior roles: report
Benjamin Cher - Pay for senior tech positions across disciplines on the rise, with those in software engineering climbing by 10.8 to 12.6% on average
22 hours ago
China’s rare defiance of US sanctions sparks showdown over banks
The Asian nation has long been the single largest buyer of Teheran’s oil shipments
22 hours ago
Beijing tells China firms to ignore US sanctions on refiners
The Asian nation has long been the single largest buyer of Teheran’s oil shipments
22 hours ago
National Australia Bank profit misses estimates as software costs weigh on bank
The bank will pay an interim dividend of 85 Australian cents per share
22 hours ago
GameStop offers to buy eBay for about $56 billion
May 3 : GameStop said on Sunday that it has proposed to buy all common shares of eBay Inc for about $56 billion.CEO Ryan Cohen, GameStop's largest investor, said the offer price is $125 a share in a 50-50 mix of cash and stock. Based on eBay's Friday close, the bid represents a premium of ...
22 hours ago
GameStop makes unsolicited offer to buy eBay for about $56 billion, WSJ reports
May 3 : GameStop has made an unsolicited offer to acquire U.S. online marketplace eBay Inc for about $56 billion, the Wall Street Journal reported on Sunday, citing an interview with GameStop CEO Ryan Cohen.GameStop has built a roughly 5 per cent stake in eBay and is offering $125 a share in cash an ...
22 hours ago
GameStop CEO Ryan Cohen makes unsolicited offer to buy eBay for about $56 billion, WSJ says
May 3 : GameStop Chief Executive Ryan Cohen has made an unsolicited offer to acquire eBay Inc for about $56 billion, the Wall Street Journal reported on Sunday. Reuters could not immediately verify the report.
22 hours ago
Oracle anchors Apac AI growth through Singapore but layoff concerns loom
Young Zhan Heng - SMEs operating in Asia is a main growth driver as many of them route their operations through Singapore
22 hours ago
WTI likely to face pullback after recent rebound
West Texas Intermediate (WTI) crude prices have staged a rebound since Apr 17, after a pullback close to US$80 per barrel following...
22 hours ago
CICT’s Tan Choon Siang marks first year with billion-dollar deal streak
Ry-Anne Lim - Acquisition of Paragon and divestment of Asia Square Tower 2 follow CapitaSpring deal and ION Orchard acquirement
22 hours ago
Why war can’t sink global growth – or the STI – for long
Markets look past oil shocks quickly and Iran may be no exception
22 hours ago
What’s driving the surge in family office foundations in Singapore – and is it just tax perks?
Jean Low - Governance demands and next-generation priorities are also pushing wealthy families towards more structured philanthropy
22 hours ago
Indonesia’s EV dream hits a bump as government claws back tax perks
Elisa Valenta - The zero-tax mandate removal could undermine the country’s energy transition goals, say analysts
22 hours ago
Spirit says most customers refunded, staff returned after shutdown
The carrier had more than 4,000 domestic flights scheduled to May 15
23 hours ago
Iran warns US Navy to stay clear of Hormuz after Trump says US to help stranded ships
A tanker was reportedly hit by unknown projectiles in the strait soon after Trump’s comments
23 hours ago
Trump says US to help ships stranded in Strait of Hormuz as tanker fired on
He threatened that any interference with the US operation would “have to be dealt with forcefully”
23 hours ago
Trump says US to help ships stranded in Strait of Hormuz as tanker hit by projectiles
Trump says that US talks with Iran were going “very well” without elaborating
23 hours ago
Trump says US to start guiding ships through Hormuz, calls talks with Iran ‘very positive’
The planned move will begin on May 4, said the US president in a social media post
23 hours ago
US to start guiding ships through Hormuz, says Trump; oil edges lower
The planned move will begin on May 4, said the US president in a social media post
23 hours ago
US to start guiding ships through Hormuz, says Trump; oil prices fall
The planned move will begin on May 4, said the US president in a social media post
23 hours ago
Commentary: Tighter disclosures on pay, dividends for SGX-listed firms a timely move
Concerns about how the latest proposed disclosure rules could be a strain for small and mid-cap listed firms on the Singapore Exchange are weak oft-repeated arguments, says former financial journalist Ven Sreenivasan.
1 day ago
SGX-owned Baltic Exchange sued over alleged losses due to oil tanker pricing
Mercuria Energy Group is suing SGX-owned Baltic Exchange over alleged losses due to distortions in a shipping benchmark
1 day ago
Big Tech earnings show split between AI trade winners and losers
The artificial intelligence boom is alive and well, but investors are getting more granular
1 day ago
More than a defence contractor – ST Engineering’s Vincent Chong is ready for the next lap
Jude Chan - To see the group as a mere defence proxy cashing in on conflict misses the plot entirely
1 day ago
ADB launches $70 billion plan for energy, digital infrastructure in Asia-Pacific
HANOI, May 3 : The Asian Development Bank on Sunday announced a $70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region by 2035, aiming to strengthen power grid links, boost cross-border electricity trade and increase broadband access.ADB President Masato Kan ...
1 day ago
Foxconn launches second-generation satellites via SpaceX Falcon 9
TAIPEI, May 3 : Taiwan’s Foxconn said on Sunday its second-generation low-Earth orbit (LEO) satellites were launched via a SpaceX Falcon 9 rocket from California, marking the electronics manufacturer’s latest push into space technology.The company’s PEARL-1A and PEARL-1B satellites entered the ...
1 day ago
Addvalue should rethink value-unlocking move
Ben Paul - The business it plans to spin off may garner a lofty valuation on Nasdaq, but its own shares may be plagued by...
1 day ago
JP Morgan takes some profit in AEM Holdings following substantial stake build up
The Edge Singapore - JP Morgan, which has rapidly built a substantial stake in AEM Holdings in a series of transactions since the middle of March, has partially taken profit, as the share price of the chip tester reaches new highs. On April 29, JP Morgan sold nearly 1.58 million shares for around $8.6 million, which wor ...
1 day ago
‘Golden’ or ‘garbage’: Milken signals new private credit era
It is a time of turmoil for private equity firms, which have been struggling to exit investments
2 days ago
Oil tanker pricing feud embroils SGX unit Baltic Exchange
Jack Farchy, Archie Hunter and Sherry Su / Bloomberg - A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the heart of it. Mercuria Energy Group is suing the Baltic Ex ...
2 days ago
OxPay unit Oxygen7 secures full payment licence in Bhutan
The Edge Singapore - OxPay Financial's subsidiary Oxygen7 has been given a financial services licence to provide regulated money services in Bhutan's Gelephu Mindfulness City. Under terms of this licence, which is given by the Gelephu Financial Services Office, Oxygen7 can provide merchant payment services tha ...
2 days ago
Intraco reaches settlement with former employee
The Edge Singapore - A former Intraco employee who had allegedly misappropriated funds totalling some $260,000 had reached a settlement with the company and has made partial restitution. As announced earlier by Intraco on April 13, it received fake invoices and letters of engagement from an entity with a "nearly id ...
2 days ago
Opec+ agrees on symbolic quota hike as UAE touts oil investment
But the actual increase depends on the Strait of Hormuz reopening and shuttered production being restored