21 hours ago
Shell’s profit beats expectations at US$6.9 billion, cuts share buybacks
Oil and gas output falls 4% compared with the previous quarter due to the Iran war
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 hours ago
Maersk first-quarter profit beats forecasts, keeps outlook unchanged
The shipping group still projects global container volume growth of between 2%-4% this year
22 hours ago
Malaysia’s SD Guthrie cautious on outlook after Q1 profit dips on weak palm prices
KUALA LUMPUR, May 7 : Malaysia's SD Guthrie, one of the world's largest palm oil producers, said on Thursday it was cautious on its outlook for the year, while reporting a slightly lower first-quarter net profit, due to weaker crude palm oil and palm kernel prices. The company's net p ...
22 hours ago
Humanoid robots to power next leg of China’s export dominance
Like with EVs, the Asian nation is building out capacity across the robotics supply chain
23 hours ago
Legrand beats forecasts as US data centre demand boosts profit
May 7 : French electrical and digital building infrastructure group Legrand on Thursday reported a better-than-expected profit for the first quarter of 2026, driven by a growing data centre market.Adjusted operating profit grew 11.5 per cent from last year to 524.7 billion euros over the period, com ...
23 hours ago
No shifts in firms' hiring preferences between locals and foreigners for now: Tan See Leng
Asked about the need for workforce planning amid more persistent structural uncertainty, Dr Tan said the upcoming report of the Economic Strategy Review will address this issue.
23 hours ago
No one currency ‘unduly affects’ Singdollar’s stability: Alvin Tan
Elysia Tan - The S$NEER’s appreciation dampens the effect on imported inflation in Singapore
23 hours ago
UOB gunning to double wealth income by 2030
Kwan Wei Kevin Tan and Felicia Tan - United Overseas Bank (UOB) is aiming to double its wealth income over the next five years, says UOB’s deputy chairman and CEO Wee Ee Cheong during the bank’s earnings briefing for 1QFY2026 on May 7. “Our ambition is clear, to double wealth income by 2030 through discipline, organic execution, ...
24 hours ago
RBNZ’s frequent remit adjustments risk policy error, OECD warns
The central bank has provisionally forecast inflation will rise to 4.2% in the current quarter
24 hours ago
UBS CEO Sergio Ermotti sees acquisition as an option for US growth
The bank has been working for years to turn around its wealth business in America
1 day ago
Australia requires LNG exporters to reserve 20% of gas for east coast market
The scheme will apply from July next year and replace a range of current gas market interventions
1 day ago
Montage tops CATL as priciest dual-listed stock after chip rally
The gap underscores how strong demand is from global investors seeking semiconductor exposure in the region
1 day ago
‘I feel so stupid’: How young Indonesians get stuck on the debt treadmill
Online peer-to-peer lending, commonly known in Indonesian as pinjol, short for pinjaman (loan) online, is a booming industry
1 day ago
Fragile Philippines battered by oil shock as Iran war hits Asia
The country also faces threats from a looming El Nino, which risks driving up food costs further
1 day ago
Hongkong Land shares jump as much as 7.4% after report of multibillion-dollar Marina One bid
Shikhar Gupta - The high-rise complex’s owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 6% after report of multibillion-dollar Marina One bid
Shikhar Gupta - The high-rise complex’s owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 3.6% after report of multibillion-dollar Marina One bid
Shikhar Gupta - Marina One owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 3.6% after report of multi-billion dollar Marina One bid
Shikhar Gupta - Marina One owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 3.6% after report of Marina One bid
Shikhar Gupta - Marina One owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares jump 9.2% after report of possible Marina One bid
Shikhar Gupta - M+S, the owner of the high-rise complex, has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares jump as much as 7.4% after report of possible Marina One bid
Shikhar Gupta - The high-rise complex’s owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Indonesia targeting 2027 GDP growth in 5.9% to 7.5% range, minister says
JAKARTA, May 7 : Indonesia is targeting economic growth of between 5.9 per cent and 7.5 per cent in 2027, its planning minister said on Thursday, driven by investment, higher productivity and industry. Rachmat Pambudy revealed the GDP growth target while delivering the government's working plan ...
1 day ago
EU countries, lawmakers clinch provisional deal on watered-down AI rules
BRUSSELS, May 7 : EU countries and European Parliament lawmakers on Thursday agreed to watered-down landmark artificial intelligence rules, including delaying their implementation, in a move which critics say shows Europe caving to Big Tech.The tentative agreement, which needs to be formally endorse ...
1 day ago
EU countries, lawmakers strike provisional deal on watered-down AI rules
BRUSSELS, May 7 : EU countries and European Parliament lawmakers agreed on Thursday to watered-down landmark artificial intelligence rules, including delaying their implementation, following pressure from some governments and businesses."The Cyprus Presidency, representing the Council, and the ...
1 day ago
Philippines Q1 GDP up 2.8% on year, lower than expected
MANILA, May 7 : The Philippine economy grew 2.8 per cent in the first quarter, the statistics agency said on Thursday, lower than forecast, constrained by the crisis in the Middle East and a delayed budget passage. Economists in a Reuters poll had expected first quarter gross domestic product growth ...
1 day ago
Anthropic signs computing deal with SpaceX to meet AI demand
The artificial intelligence startup is a competitor to xAI, including for talent
1 day ago
Maybank and DBS keeps ‘buy’ on Coliwoo after 1HFY2026 results
Teo Zheng Long - Maybank Securities and DBS Group Research are keeping their respective “buy” call on Coliwoo (SGX: W8W ) following the recent 1HFY2026 results. In his May 7 report, Maybank Securities’ Eric Ong mentioned that Coliwoo’s 1HFY2026 topline rose by 16.6% y-o-y to $26.9 million, driven by higher o ...
1 day ago
Dollar on defensive as markets hope for best on Middle East
SYDNEY, May 7 : The dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-U.S. war supported oil-exposed currencies, while Tokyo resumed its verbal intervention in support of the yen keeping speculators cautious.Iran said on Wednesday it was reviewing a U.S. peace pro ...
1 day ago
Japan’s Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally
Wall Street indexes hit record highs overnight
1 day ago
Yen spikes to 10-week high and sparks intervention chatter
Japan has 30-intervention firepower but will wait for better timing to save reserves
1 day ago
Gold holds hefty gain as US-Iran truce hopes ease inflation fear
President Donald Trump has indicated on multiple occasions throughout the conflict that a deal is near, though none has materialised
1 day ago
China asks banks to pause new loans to US-sanctioned refiners
Tensions are escalating between the superpowers just weeks before a long-awaited meeting
1 day ago
Avi-Tech changes hands with founder Lim selling stake to Global Wave Venture
The Edge Singapore - Avi-Tech Holdings has a new controlling shareholder after Lim Eng Hong and his related parties sold their combined stake of 29.9% for $17 million, or 33 cents each. Following completion of the transaction, Lim, who founded the company in 1981, has stepped down from his roles as executive director, C ...
1 day ago
OpenAI is so yesterday — even for SoftBank
Global markets pivot from AI model makers to chipmakers tied to the data-centre boom