21 hours ago
TSMC CEO pledges over 30% incentive bump as AI profits soar
This comes after days of online discourse about the company’s quarterly bonuses
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
Eni-Petronas JV seen reaching $2.7 billion net income in 2030, Italian daily reports
MILAN, May 27 : A planned joint venture between Eni and Malaysia's state energy company Petronas, named SEARAH, is expected to have a net income of $2.7 billion and revenue of $6.7 billion in 2030, according to preliminary estimates included in documents cited by Italian daily Il Messaggero on ...
21 hours ago
Hong Kong banks tighten scrutiny of Chinese clients after trading curbs
Lenders have also raised the threshold for mainland applicants seeking savings accounts
21 hours ago
Schaeffler, Spire Global team up for space hardware, satellite platforms in Europe
May 27 : Schaeffler and U.S.-based satellite operator Spire Global have signed a memorandum of understanding to jointly develop space hardware and satellite platforms for European defence, weather and security applications.Shares of the German machine and auto parts maker jumped 15 per cent after th ...
21 hours ago
Koh Brothers Eco Engineering proposes transfer to SGX mainboard
Paige Lim - The move will enhance its profile locally and overseas, which can result in better liquidity and share performance
21 hours ago
Investors hunt for AI winners in small-cap US tech stocks
May 27 : U.S. small-cap technology stocks are surging after years of underperformance, a sign of how the AI frenzy is pushing technology investors to look beyond the Nvidias and Intels of the world. Record U.S. equity inflows are moving beyond megacap firms into smaller companies that have flagged s ...
22 hours ago
Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them
Renald Yeo - CEO Jason Moo says the lender is starting to see large amount of flows into the region
22 hours ago
Bigger is better: Bank of Singapore doubles down on the ultra-wealthy – and the bankers chasing them
Renald Yeo - CEO Jason Moo says the lender is starting to see large amounts of flow enter the region
22 hours ago
Analysis:Wall Street awaits GameStop CEO Cohen's next move after eBay rejected takeover bid
NEW YORK, May 27 : GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive." In early May, Cohen offered eBay's ...
22 hours ago
Koh Brothers Eco Engineering wants to transfer listing from Catalist to Mainboard
The Edge Singapore - Citing its "market position, stage of growth and relative stability", Koh Brothers Eco Engineering plans to transfer its Catalist listing to the Mainboard, so as to enhance long-term value for shareholders. KBEE, noting its $1.1 billion order book as at end of last year, says it is "c ...
22 hours ago
Bollore urges UMG to reject Ackman's $64 billion bid
PARIS, May 27 : Bollore CEO Cyrille Bollore on Wednesday urged Universal Music Group to reject Bill Ackman's takeover proposal, saying the offer undervalued the label, relied on the company's own cash and did not fit its long-term strategy.Speaking at Bollore's annual shareholder meet ...
22 hours ago
Bollore rejects Ackman's $64 billion bid on Universal Music
PARIS, May 27 : Cyrille Bollore, chief executive of the Bollore Group, said on Wednesday he was urging Universal Music Group's management to reject Bill Ackman's takeover proposal, citing three key objections: the price was too low, the deal used UMG's own money rather than Ackman ...
23 hours ago
CD Projekt to launch new expansion for 'The Witcher 3: Wild Hunt'
GDANSK, May 27 : Poland's largest video game developer CD Projekt will release a third story expansion for its flagship game "The Witcher 3: Wild Hunt" in 2027, it said on Wednesday, helping to bridge the gap before its next major title.The expansion, titled "Songs of the Past&qu ...
23 hours ago
Why Huawei’s new chipmaking plan has investors buzzing
The company’s vision for improving semiconductor efficiency has sparked a rally across the sector in China
23 hours ago
ECB tells banks to invest more to get a grip on AI security risk
FRANKFURT, May 27 : Euro zone banks need to invest more in cybersecurity if they are to get a grip on new AI models that can find flaws in software, the European Central Bank's outgoing Vice President Luis de Guindos said on Wednesday. New large language models such as Anthropic's Mythos a ...
23 hours ago
Euro zone banks need tighter cyber security amid AI risk, ECB says
FRANKFURT, May 27 : Euro zone banks need to invest more in cybersecurity if they are to get a grip on new AI models that can find flaws in software, the European Central Bank's outgoing Vice President Luis de Guindos said on Wednesday. "We have to understand much better the potential impli ...
23 hours ago
AkzoNobel rejects €12.5 billion Nippon Paint, Sherwin-Williams takeover offer
May 27 : Dulux paint maker AkzoNobel struck down a €12.5 billion ($14.6 billion) cash takeover offer from rivals Nippon Paint and Sherwin-Williams on Wednesday, sending its shares 20 per cent higher.The offer price of €73 per share represented a premium of 39 per cent to AkzoNobel's last cl ...
23 hours ago
AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams
May 27 : Dulux paint maker AkzoNobel has rejected a cash takeover offer of €73 ($85) per share from rivals Nippon Paint and Sherwin-Williams, the Dutch company said on Wednesday, sending its shares 16 per cent higher.The offer price represented a premium of 39 per cent to AkzoNobel's last clo ...
23 hours ago
Once investor darlings, Australian banks get reality check on mortgage change
Their shares slide as housing demand and investor lending weaken; lenders turn to cost cuts, automation to protect returns
24 hours ago
BOJ's net income falls due to higher interest payments on reserves
TOKYO, May 27 : The Bank of Japan saw net income fall in fiscal 2025 as rising interest rates boosted payments made on excess reserves parked with the central bank, its earnings data showed on Wednesday.Since exiting a decade-long, massive stimulus programme in 2024, the central bank has raised its ...
24 hours ago
Amazon invests $20 billion in UK in 2025
LONDON, May 27 : Amazon invested over £15 billion ($20 billion) in Britain in 2025, keeping the e-commerce giant on track to deliver its planned £40 billion investment in the three years to the end of 2027, it said on Wednesday.Investments in 2025 included the launch of new operational sites, expa ...
1 day ago
Competing on value, not cost: Why Singapore appeals to German manufacturers
Low Youjin - There are more than 2,300 German companies with operations in the city-state
1 day ago
Analysis:SpaceX's Starship test strengthens IPO case, though hurdles remain
May 27 : SpaceX's upgraded Starship launch on Friday delivered enough progress to keep the momentum intact behind Elon Musk's $1.75 trillion IPO, while warning that full reusability of the rocket remains a work in progress.Starship is critical to lowering SpaceX's launch costs, expand ...
1 day ago
Thai housing demand recovering but outlook clouded by energy shock risks
BANGKOK, May 27 : Thailand’s housing market showed recovery signs in the first quarter of 2026, the state house leader said on Wednesday, with transaction volumes rising on government stimulus even as gains in value lagged, underscoring weak purchasing power. • The outlook remains fragile, with ...
1 day ago
Capgemini sets new targets building on AI consulting, but shares fall
May 27 : Capgemini unveiled new medium-term targets on Wednesday, sending its shares lower, as the French IT group positions itself as a consultant to help companies implement AI across industries.The shares fell around 4 per cent by 0730 GMT, the worst performers on France's blue-chip index CA ...
1 day ago
Capgemini sets mid-term targets as it bets on AI consulting growth
May 27 : Capgemini unveiled new medium-term targets on Wednesday, as the French IT group positions itself as a consultant to help companies implement AI across industries.The group targets average yearly revenue growth of 5.5 per cent to 7.5 per cent between 2025 and 2028, and cumulative organic fre ...
1 day ago
China's Xpeng backed by local government investment fund with undisclosed sum
[BEIJING] Chinese electric vehicle maker Xpeng said on Wednesday (May 27) that it was picked among the first batch to sign on...
1 day ago
China's Xpeng backed by local govt investment fund with undisclosed sum
[BEIJING] Chinese electric vehicle maker Xpeng said on Wednesday (May 27) it was picked among the first batch to sign on a...
1 day ago
Preparing for climate risks helps companies weather Iran war shocks: SGX RegCo
Janice Lim - Incorporating such factors in overall risk management is ‘a more holistic approach’
1 day ago
How Grab is rebuilding its engineering culture around AI speed
This change forces leaders to rebuild management, hiring and physical operations in South-east Asia before speed causes problems
1 day ago
SK Hynix joins US$1 trillion club after Samsung, Micron on AI chip boom
[SEOUL] SK Hynix topped US$1 trillion in market value for the first time on Wednesday (May 27), joining its memory chip rivals...
1 day ago
BlackRock ‘sees merit’ in more large-scale mining M&A
Major investments in supply are needed as commodity demand speeds up, says portfolio manager Olivia Markham
1 day ago
BlackRock sees merit in large scale mining M&A
[PERTH] BlackRock would back consolidation among large miners because it would open the sector to generalist investors at a scale that would...
1 day ago
Oil extends drop as Iran TV says it has seen draft deal with US to reopen Hormuz
LONDON, May 27 : Oil extended losses on Wednesday, falling over 5 per cent after Iranian state TV said it had seen a draft of an initial, unofficial framework for an agreement with the United States on ending their conflict and reopening the Strait of Hormuz.The report, plus a pick-up in tanker traf ...