1 day ago
Saudi crude exports to China set for record low in June amid high prices, sources say
Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Circle sees revenue boost as stablecoin demand rises amid volatility; shares up
May 11 : Circle on Monday reported higher quarterly revenue and reserve income driven by increased adoption and circulation of its stablecoin, sending its shares rising nearly 5 per cent in trading before the bell. Market volatility and the Middle East conflict pushed investors to rotate out of cryp ...
1 day ago
Circle revenue boosted as stablecoin demand rises amid volatility; shares up
May 11 : Circle reported higher quarterly revenue and reserve income on Monday, driven by increased adoption and circulation of its stablecoin, pushing its shares 2 per cent higher in early trading.Market volatility and the Middle East conflict pushed investors to rotate out of risky cryptocurrencie ...
1 day ago
OCBC, UOB, DBS lead Singapore stocks higher on Monday; STI up 0.4%
Jude Chan - Across the broader market, losers outpace gainers 340 to 279, as 2.1 billion securities worth S$2.6 billion change hands
1 day ago
AI labs should pass safety review to get US government contracts, group says
May 11 : The Trump administration should screen cutting-edge artificial intelligence models for security threats before they are publicly released and withhold lucrative government contracts from those that fail review, an advocacy group told U.S. officials on Monday.The White House is grappling wit ...
1 day ago
European shares tepid as markets weigh US-Iran deadlock
EUROPEAN shares were muted on Monday, as stalled US-Iran peace negotiations pushed oil prices higher and weighed on risk appetite.
1 day ago
SIA boosts Europe flight frequencies, returns to Madrid amid strong travel demand
Shikhar Gupta - SIA’s weekly flights to Europe have increased by almost 12% over the last two months
1 day ago
China stocks hit 11-year high on AI optimism, exports rebound
The country’s export growth rebounded strongly in April
1 day ago
AI upheaval: Entry-level ICT job postings in Singapore fall 38% as roles change, says Accenture
Deon Loke - Leaders must elevate their talent strategies to an equal, if not greater imperative than technology adoption
1 day ago
Singapore’s national accountancy body sets up task force to strengthen financial reporting
Ranamita Chakraborty - Move aligns with SGX’s ‘Value Unlock’ plans to create shareholder value
1 day ago
China’s domestic car demand stays weak but exports strengthen
In April, sales at home drop 21.6% from the year before to 1.4 million vehicles
1 day ago
JPMorgan hikes Kospi bull case target to 10,000 on memory boom
As Kospi’s gains extend, overheating signals are also growing
1 day ago
Philippine developers turn defensive as Middle East crisis threatens residential and retail market
Evan See - The beleaguered market could worsen on lagged effects, but analysts remain upbeat on property giants’ strategies
1 day ago
Singapore-listed palm oil stocks catch biodiesel spark
A fortuitous mix of supportive fundamentals could enable them to burnish their sustainability credentials
1 day ago
China’s private refiners seek Beijing approval to cut run rates as Iran war hits margins
Many smaller operations have been grappling with weeks of deepening losses
1 day ago
Modi asks Indians to stop buying gold, hitting jewellery stocks
Gold is seen as auspicious for weddings and festivals
1 day ago
Penang looks past hyperscale data centres, doubles down on chips
Tan Ai Leng - The northern state shuns the data centre race to focus on its stronger competitive advantages
1 day ago
Indonesia delays plan to impose higher royalties, export duties on minerals
JAKARTA, May 11 : Indonesia has delayed plans to extract more revenue from the mining sector until it can figure out an "ideal formulation" that benefits both the government and mining firms, the country's mining minister said on Monday.Here are some details:• The government planned ...
1 day ago
BYD sees annual sales rise despite tepid market, says JPMorgan
The automaker now expects domestic sales to reach between 3.5 million and four million units this year
1 day ago
Indonesia central bank bills outstanding rise most in two years
Overseas investors have cut their holdings of the nation’s stocks and bonds in recent weeks
1 day ago
Departing Bank of Korea board member says policy should focus on inflation control
SEOUL, May 11 : South Korea's central bank needs to prioritise controlling inflation as it could exceed the target rate after the war in Iran drove up energy prices, an outgoing member of the policy-setting board said on Monday. "If there is a possibility of it deviating from our target of ...
1 day ago
In quick commerce, every millisecond hits the bottom line
Rully Moulany - Five years ago, quick commerce kept daily life moving when much of the world was locked down. Platforms like Foodpanda and Grab quickly became essential infrastructure for everyday needs. As the world reopened, many predicted the sector would decline. Instead, quick commerce has matured into one of ...
1 day ago
Toyota to build new 100,000-units-a-year car factory in India
TOKYO, May 11 : Toyota said on Monday it would build a new 100,000-vehicles-a-year factory in Maharashtra, India that would begin production in the first half of 2029.The plant, to be located in the region's Bidkin Industrial Area, will manufacture a new SUV model and would employ about 2,800 p ...
1 day ago
US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at upcoming Xi summit
Consumer interest in Chinese EVs is growing as the Iran war spikes petrol prices
1 day ago
US industry, lawmakers plead with Trump: Don’t open door to Chinese cars at Xi summit
The House bill would go further, banning industry partnerships with Chinese companies
1 day ago
ExxonMobil names country head Jean-Marc Taton as new Asia-Pacific chair and managing director
Therese Soh - Leadership transition occurred on the same day the company posted its Q1 adjusted earnings that beat estimates
1 day ago
Prices of physical oil cargo plunge, with some buyers holding back in anticipation of US-Iran deal
Traders warn that the calm may be short-lived, raising the risk that physical prices may soar again
1 day ago
The physical oil squeeze eases for now as buyers back away
Millions of barrels remain trapped in the Persian Gulf and there’s little sign of a fast resumption of tanker traffic
1 day ago
Should developers build more one-bedroom condo units?
Leslie Yee - Affordability, leasing demand and an ageing population support having more of such housing
1 day ago
Dua Lipa sues Samsung for $15 million for allegedly using her image to sell TVs
May 10 : British pop star Dua Lipa has filed a lawsuit against Samsung Electronics seeking at least $15 million in damages, accusing the South Korean tech giant of using her image without permission to market its television sets.The lawsuit alleges that Samsung featured a copyrighted image of the po ...
1 day ago
Dua Lipa sues Samsung for US$15 million for allegedly using her image to sell TVs
The lawsuit alleges that Samsung featured a copyrighted image of the singer on the front of cardboard boxes containing televisions for retail sale, enabling the company to benefit from what seemed like her endorsement of the product.
1 day ago
Goldman Sachs claims renminbi undervalued by 20% against US dollar
The currency is expected to reach 6.50 in a year versus the greenback
1 day ago
SoftBank plans to make large-scale batteries for AI data centres in Japan
The company aims to generate an annual revenue of over 100 billion yen through its new battery business by fiscal 2030
1 day ago
Southeast Asia’s 1Q2026 private equity deal value up 4.5 times y-o-y at US$9.2 bil: EY
Kwan Wei Kevin Tan - Southeast Asia’s private equity activity was up 4.5 times y-o-y in 1Q2026, with deal value surging to US$9.2 billion ($11.7 billion) from US$2 billion in 1Q2025, says global strategy firm EY-Parthenon in their quarterly EY-Parthenon Southeast Asia Private Equity Pulse report. According to EY’s r ...