18 hours ago
Olam gets nod from final jurisdiction to divest 44.58% of Olam Agri to Saudis
Therese Soh - Proposed sale is the first of two tranches in the group’s US$2.6 billion divestment of its remaining stake in the agribusiness unit
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
18 hours ago
Olam clinches regulatory approval from final jurisdiction to divest 44.58% of Olam Agri to Saudis
Therese Soh - The proposed sale is the first of two tranches in the group’s US$2.6 billion divestment of its remaining stake in the agribusiness...
18 hours ago
Dollar hangs near six-week lows as investors bet on Iran peace deal
HONG KONG, April 16 : The U.S. dollar held near its lowest level since early March against major currencies on Thursday, as the White House's optimism over a peace deal with Iran buoyed sentiment and encouraged traders to shed safe-haven positions.President Donald Trump said the U.S.-Israeli wa ...
18 hours ago
OpenAI CEO Altman seeks dismissal of sister's punitive damages claims in sexual abuse lawsuit
April 15 : Sam Altman is seeking the dismissal of punitive damages claims in his sister's civil lawsuit accusing the OpenAI co-founder and chief executive of repeated sexual abuse more than two decades ago, an accusation he denies.In a Wednesday night filing in St. Louis federal court, Sam Altm ...
18 hours ago
Asia markets advance on peace deal hopes, corporate earnings
[SINGAPORE] Stocks pushed higher in early Asia trading on Thursday as optimism grew about a deal to end the Iran war with...
18 hours ago
Alpha Integrated REIT’s 1QFY2026 portfolio occupancy improves to 91.4%
Teo Zheng Long - Alpha Integrated REIT (SGX: M1GU ) (AI REIT) has reported a portfolio occupancy rate of 91.4% for 1QFY2026, ended March 31, as compared to 86.4% a year ago. The improvement in portfolio occupancy rate was supported by strong retention and proactive leasing, with momentum carried from FY2025 where it ...
18 hours ago
Gold rises as push for US-Iran diplomacy eases inflation risk
The swap market is still betting that the US Federal Reserve will hold rates steady this year
18 hours ago
Elliott takes stake in Japan's Daikin, calls for higher returns
TOKYO, April 16 : Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets.Elliott did not provide further details on the stake.A person familiar with the ma ...
18 hours ago
Elliott takes stake in Japan's Daikin, pushes for portfolio review
TOKYO, April 16 : Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets.Elliott's stake is around 3 per cent and it believes Daikin should do more to ...
18 hours ago
Oil prices fall as hopes for US-Iran deal outweigh supply disruption concerns
TOKYO, April 16 : Oil prices fell in early trade on Thursday as hopes for easing U.S.-Iran tensions, following reports that Iran could allow ships to pass through around the Strait of Hormuz, outweighed concerns over ongoing supply disruptions.Brent crude futures dropped 44 cents, or 0.5 per cent, t ...
19 hours ago
Wall Street goes bottom fishing in beaten-down software stocks
Ryan Vlastelica and Carmen Reinicke / Bloomberg - Wall Street has gotten repeatedly burned calling a bottom in software stocks, which have been hit hard by fears that artificial intelligence will make the companies obsolete. But this week’s bounce is bringing some bottom-fishing investors back to the group on hopes that the worst may finally be o ...
19 hours ago
Stocks to watch: SIA, Yangzijiang Shipbuilding, Keppel DC Reit, Suntec Reit, Olam Group, StarHub
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 16):
19 hours ago
Luxury giants slump as Gulf demand seizes up due to war
The war in the Middle East has disrupted oil and gas supplies and darkened the economic outlook with fears of a global...
19 hours ago
Support of trusted regional partners key to securing energy needs: PM Wong
Singapore, as an oil trading and refinery export hub, will do what it can to secure alternative “upstream feedstock”, PM Wong says
19 hours ago
Keppel DC REIT's 1Q2026 DPU rises 13.2% to 2.833 cents
The Edge Singapore - In 1QFY2026, for the three months to March 31, Keppel DC REIT’s gross revenue rose by 18.4% y-o-y to $120.96 million while net property income (NPI) increased by 19.4% to $105.17 million. Distributable income rose by 20.7% to $74.6 million translating into a 13.2% rise y-o-y in distributions per u ...
19 hours ago
White House has no opinion on potential United Airlines deal for American Airlines
[WASHINGTON] The Trump administration does not have an opinion on reports that United Airlines was considering merging with rival American Airlines, White...
19 hours ago
TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand
TAIPEI, April 16 : TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of record earnings with a 50 per cent surge in net profit for January-March driven by booming demand for AI infrastructure.Demand for Taiwan Sem ...
19 hours ago
TSMC lifts revenue forecast, pledges more capital spending to meet AI chip demand
TAIPEI, April 16 : TSMC raised its annual revenue forecast on Thursday and said it was stepping up capital spending this year as the world's biggest contract manufacturer of advanced AI chips scrambles to meet relentless hunger for its products.The bullish outlook comes after the company, a maj ...
19 hours ago
TSMC logs huge profit jump and predicts record Q2 revenue on AI boom
TAIPEI, April 16 : TSMC posted a hefty jump to record profit and forecast second-quarter sales would hit a historic high as the world's biggest contract manufacturer of advanced AI chips scrambles to meet relentless hunger for its products.The company, a major supplier to Nvidia, noted the worl ...
19 hours ago
TSMC quarterly profit leaps 58% to record, beats expectations
TAIPEI, April 16 : TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 58 per cent jump in first-quarter profit to record levels that handily beat market forecasts.Benefiting from surging demand for advanced chips used in artificial intellig ...
19 hours ago
TSMC posts 58% quarterly profit jump, beating market expectations
TAIPEI, April 16 : TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 58 per cent jump in first-quarter profit to record levels that handily beat market forecasts.Benefiting from surging demand for advanced chips used in artificial intellig ...
19 hours ago
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
Chloe Lim - Distributable income is up 20.7% at S$74.6 million
20 hours ago
Japan, US agree to intensify communication on exchange rates
WASHINGTON, April 15 : Japan and the U.S. agreed to intensify communication on exchange rates, Japanese Finance Minister Satsuki Katayama said after her meeting with U.S. Treasury Secretary Scott Bessent on Wednesday.Katayama, who is visiting Washington for the International Monetary Fund (IMF) meet ...
20 hours ago
Japan, US agree to strengthen communication on exchange rates
WASHINGTON, April 15 : Japan and the U.S. agreed to strengthen communication on exchange rates, Japanese Finance Minister Satsuki Katayama said after her meeting with U.S. Treasury Secretary Scott Bessent on Wednesday.The remark, made on her X account, came as demand for the safe-haven dollar helped ...
20 hours ago
Singaporeans can now buy record amount of yen per Singdollar
[SINGAPORE] The Japanese yen slid to a fresh low against the Singapore dollar, giving Singaporeans the most yen per Singdollar in over a...
20 hours ago
Jury finds Live Nation acts as a monopoly in a victory for states
A US Federal jury on Wednesday found that Live Nation, the concert giant that owns Ticketmaster, has operated as a monopoly in...
20 hours ago
More Japanese firms say no to rate hikes as Iran war clouds outlook: Reuters poll
TOKYO, April 16 : The number of Japanese firms that do not want the Bank of Japan to raise interest rates has risen sharply since the start of the year as the Iran war clouds the outlook for global growth and corporate earnings, a Reuters survey showed on Thursday.The U.S.-Israel war on Iran, launch ...
20 hours ago
Let’s combine the benefits of the broker custody model and the seamless experience of the CDP
Lee Su Shyan - As the industry mulls ways to enliven the Singapore bourse, it is worth seeing how to achieve the best of both worlds
21 hours ago
BBC set to cut as many as 2,000 jobs as broadcaster trims costs
The company is primarily funded by UK households paying a flat annual license fee, sometimes critically described as a tax
21 hours ago
British carmakers seek clarity on ‘Made in EU’ rule as trade risks grow
[BRUSSELS] The UK’s automotive industry group SMMT said on Thursday carmakers need clarity now on whether Britain will count as ‘Made in...
21 hours ago
‘Take responsibility’: UK PM Starmer tells social media firms on online safety
Australia last year became the first country to ban social media for children under 16
21 hours ago
IMF says Bank of Japan can see through inflationary shock from Iran war
[WASHINGTON] The Bank of Japan can see through inflationary pressures from the war in the Middle East as any second-round effects on...
21 hours ago
War’s impact on firms goes beyond energy costs: Fed’s Beige Book
A growing number of officials are concerned the war could fuel inflation
21 hours ago
Australia says refinery fire may hit petrol production more than diesel, jet fuel
The refinery supplies more than 50 per cent of Victoria’s fuel and 10 per cent of Australia’s