12 hours ago
Iran fires on Hormuz ships as US Navy intercepts oil tankers as peace talks remain in limbo
Around 800 vessels are still stuck in the Persian Gulf
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
12 hours ago
Iran fires on Hormuz ships as US Navy intercepts oil tankers
Around 800 vessels are still stuck in the Persian Gulf
12 hours ago
South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand
SEOUL, April 23 : South Korea's economy delivered its fastest growth in nearly six years last quarter, smashing forecasts as booming chip exports rode a global surge in AI investment, though rising risks from the Middle East war threaten to cut into the record earnings.Gross domestic product ex ...
12 hours ago
South Korea economic growth roared past estimates in Q1, thanks to chips
SEOUL, April 23 : South Korea's economy beat expectations in the first quarter of 2026 to record the fastest growth since mid-2020, as booming semiconductor demand offset the drag of weak public spending, central bank data showed on Thursday. Gross domestic product expanded 1.7 per cent in the ...
12 hours ago
Chip boom drives fastest South Korea growth in five years
SEOUL: Soaring semiconductor demand has driven South Korea's economy to its fastest growth in over five years, quarterly data from the central bank showed Thursday (Apr 23), as the Asian powerhouse brushed off risks from the Middle East war.The country's gross domestic product (GDP) jumped ...
12 hours ago
Shareholder questions Singapore construction firm OKP’s large cash pile, board defends strategy
The company says maintaining a strong balance sheet, or financial position, is “fundamental” to operating in the construction sector
13 hours ago
Not-so-sweet deal for Singapore’s refineries as they shift to US, alternative crudes
Benicia Tan - Variations in density and sulphur content present compatibility challenges
13 hours ago
L’Oreal sales rise on demand for haircare and fragrances
The US beauty group has seen its shares tumble since confirming talks with Spain’s Puig Brands last month over a possible combination
13 hours ago
Nvidia supplier SK Hynix Q1 profit rises more than five-fold, meets forecasts
SEOUL, April 23 : South Korea's SK Hynix posted more than a five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. "As AI evolves from large model training to ...
13 hours ago
Nvidia supplier SK Hynix Q1 profit rises 406%, meets forecasts
SEOUL, April 23 : South Korea's SK Hynix posted more than a five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. "As AI evolves from large model training to ...
13 hours ago
SK Hynix sets record as quarterly profit jumps five-fold, says AI chip demand exceeds capacity
SEOUL, April 23 : South Korea's SK Hynix on Thursday set a record for quarterly profit with a five-fold jump in earnings and forecast AI chip demand would exceed manufacturing capacity, allaying concern about slowing AI spending by big tech firms.The outlook by the Nvidia supplier signals stron ...
13 hours ago
Nvidia supplier SK Hynix's Q1 profit rises five-fold to a record high on AI boom
SEOUL, April 23 : South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit to a record high on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. The strong results underscore continued mom ...
13 hours ago
Nvidia supplier SK Hynix's Q1 profit rises five-fold, meets forecasts
SEOUL, April 23 : South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. The strong results underscore continued momentum ...
13 hours ago
Sias’ questions to listed companies are a valuable resource for all investors
They are based on financial performance, corporate strategy and governance
13 hours ago
Tesla sharply increases spending plans as Elon Musk funds AI and robotic dreams
The company is in the middle of one of the most expensive bets in its history
13 hours ago
Intel lands key first customer for chip '14A' chip tech with Tesla's Terafab project, Musk says
April 22 : Tesla's Chief Executive Officer Elon Musk said on Wednesday the company plans to use Intel's advanced 14A manufacturing process to make chips at its Terafab project.The move marks a breakthrough for Intel, which has been trying to revamp its business to attract outside customers ...
13 hours ago
Tesla's Musk says company plans to use Intel's 14A process for Terafab
April 22 : Tesla's Chief Executive Officer Elon Musk said on Wednesday the company plans to use Intel's advanced 14A manufacturing process to make chips at its Terafab project.The move marks a breakthrough for Intel, which has been trying to revamp its business to attract outside customers ...
13 hours ago
Tesla becomes first customer for Intel’s advanced 14A chip technology
April 22 : Tesla's plans to use Intel's advanced 14A manufacturing process to make chips at its Terafab project, CEO Elon Musk said on Wednesday, making the company Intel's first major customer for the technology.The move marks a breakthrough for Intel, which has been trying to revamp ...
14 hours ago
Oil extends gain as peace negotiations between US and Iran stall
Trump has not set an end date for the extended ceasefire
14 hours ago
Oil prices edge lower with no progress on US-Iran talks, Hormuz shipping still disrupted
Trump has not set an end date for the extended ceasefire
14 hours ago
Oil up US$3 on drop in US fuel stocks, reports of gunfire hitting container ships in Hormuz
The European Union is considering requiring countries to hold stockpiles of jet fuel
14 hours ago
Reebok plans major China comeback with up to 200 new stores
The heritage sportswear label is returning to mainland China in a big way, aiming to tap into rising demand for fitness, gym culture and performance fashion.
14 hours ago
Commentary: Why emerging markets are dismissing bad Iran news
The fact that developing nations’ equities are able to rebound despite the bloc’s vulnerability to energy shocks shows there’s value in this space, says Shuli Ren for Bloomberg Opinion.
14 hours ago
European stocks slip as Middle East tensions persist; earnings watched
Global markets have recouped most losses in April following the sharp sell-off after the US and Israel war on Iran
14 hours ago
S&P, Nasdaq close at records on Iran ceasefire extension, earnings
A strong start to earnings season has eased concerns about the health of the US consumer despite rising energy prices from the...
15 hours ago
Trading Day: Nasdaq hits new high
ORLANDO, Florida, April 22 : U.S. stocks surged on Wednesday, with the Nasdaq setting a new high and the S&P 500 a new closing high, as tech and earnings optimism outweighed Brent crude's return above $100 a barrel and concerns that peace in the Middle East is proving elusive. In my column ...
15 hours ago
ServiceNow flags Middle East deal delays, shares crash
April 22 : ServiceNow reported on Wednesday that delays in closing several large deals in the Middle East hurt first-quarter subscription revenue growth, sending its shares down 13 per cent in extended trading.The company said its subscription revenue growth faced about a 75-basis-point headwind fro ...
15 hours ago
ServiceNow's quarterly subscription revenue growth hit by Middle East conflict, shares fall
April 22 : ServiceNow said on Wednesday its first-quarter subscription revenue growth was impacted by the delayed closure of several large deals due to the ongoing conflict in the Middle East region, sending its shares down 14 per cent in extended trading.The company, like its peers, is also facing ...
15 hours ago
IBM revenue growth slows amid AI concerns; shares fall
April 22 : IBM's revenue growth slowed in the first quarter on sluggishness in its software business, fanning fears of disruption from artificial intelligence tools and sending its shares down 6 per cent after hours on Wednesday.Concerns that AI tools will eat into the software business have gr ...
15 hours ago
IBM tops quarterly estimates on hybrid cloud growth
April 22 : IBM beat first-quarter profit estimates on Wednesday as artificial intelligence adoption boosted demand for its software services used for managing large amounts of data and automating IT processes.However, shares of the company were down about 6 per cent in extended trading.Enterprise de ...
15 hours ago
IBM's slower revenue growth fans AI worries, shares fall
April 22 : IBM's revenue growth slowed in the first quarter on sluggishness in its software business, fanning fears of disruption from artificial intelligence tools and sending its shares down 6.5 per cent after hours on Wednesday.Concerns that AI will eat into the software business have grown ...
15 hours ago
TI projects upbeat quarterly results on strong data center chip demand
April 22 : Texas Instruments forecast second-quarter revenue and profit above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips amid the data center boom, sending its shares up over 10 per cent in extended trading. Texas Instruments makes analog chips, which ...
15 hours ago
TI projects upbeat quarterly results on strong industrial, data center chip demand
April 22 : Texas Instruments forecast second-quarter revenue and profits above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips amid the data center boom, sending its shares up over 8 per cent in extended trading. Tech firms have been spending aggressively t ...
17 hours ago
TSMC plans to open chip packaging plant in Arizona by 2029, executive says
SANTA CLARA, California, April 22 : Taiwan Semiconductor Manufacturing Co plans to open a chip packaging plant in Arizona by 2029, an executive told Reuters.Modern artificial intelligence chips, such as those made by Nvidia, are not single chips but several chips glued together with advanced packagi ...