23 hours ago
Brewer AB InBev reports Q1 profits more than double forecasts
LONDON : Anheuser-Busch InBev on Thursday reported a 7.9 per cent rise in first-quarter operating profit, well ahead of analyst estimates for 3.1 per cent growth.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 hours ago
Cheap consumer goods are the American Dream, actually
Amanda Mull of Bloomberg Businessweek - In the decades after World War II, as the Americans and Soviets waged a multifront cultural and political fight for the soul of Europe, the US deployed a potent weapon: home appliances. And clothes. And colour televisions. And sporting goods. And canned soda. The US spun up a shock-and-awe campaign ...
23 hours ago
Unless things take a turn for the worse, the Fed seems comfortable to keep rates on pause indefinitely
It leaves its benchmark rate unchanged in a range between 4.25% and 4.5%
23 hours ago
Indonesia reserves drop most in almost two years on rupiah woes
Bank Indonesia has stepped up intervention this year and last month began intervening in the offshore non-deliverable forwards market
23 hours ago
Toyota sees 21% full-year profit decline for fiscal 2025
TOKYO :Toyota Motor forecast a 21 per cent profit decline for the current financial year on Thursday, as the strain from U.S. President Donald Trump's tariffs and an appreciating yen take some of the shine off strong hybrid demand.The world's top-selling automaker expects operating income ...
24 hours ago
Instacart CEO Fidji Simo to join OpenAI as head of applications
Instacart head Fidji Simo will step down to join OpenAI as its chief of applications, CEO and co-founder Sam Altman said on Thursday, adding she will report to him and that he will remain head of the Microsoft-backed ChatGPT maker.The announcement comes two days after OpenAI dialed back a significan ...
24 hours ago
Instacart CEO Fidji Simo to join OpenAI in new leadership role
Instacart CEO Fidji Simo is joining OpenAI as the company's chief of applications, the ChatGPT maker said on Thursday.Altman will remain the CEO of OpenAI and will continue to directly oversee all pillars of OpenAI, including compute and applications, the firm said.Simo will transition from her ...
24 hours ago
OpenAI in talks to hire senior executive for major leadership role, The Information reports
OpenAI is in talks with a senior technology executive to oversee some of the company's divisions in a major leadership restructuring at the artificial intelligence firm, The Information reported on Thursday, citing people familiar with the plans.OpenAI CEO Sam Altman is likely to continue overs ...
24 hours ago
Creator economy may be an election winner
Nirgunan Tiruchelvam - The 1948 elections in Singapore are a distant memory. Not many of the voters have survived. It was the first election for the Singapore legislative council. The territory was in the firm grip of colonial rule. The city was recovering from World War II. Voters had to be British subjects. Only one-fif ...
24 hours ago
Chinese automakers crank up sales of cars with combustion engines in Europe
One reason for the shift to fossil fuel-burning models has been the added EV levies, which raised import duties to as high...
24 hours ago
US Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers
Megan Cheah - Asian markets are mostly trading higher, following the FOMC decision
1 day ago
Hi-P's Yao sees opportunities in the trade war; maintains SGX listing plans and $10 bil revenue target
The Edge Singapore - Yao Hsiao Tung, chairman of Hi-P International, sees the US-China trade war as an opportunity to grow and hit a $10 billion revenue target, even as it plans to comeback IPO on the SGX When the universal tariffs were announced by US President Donald Trump, manufacturers across Asia watched with const ...
1 day ago
Tech giant Sea opens new digital finance headquarters in Singapore
The office near Buona Vista MRT station spans 10 floors and can accommodate up to 1,500 employees.
1 day ago
DBS shares jump more than 2% after earnings beat estimates
Chloe Lim - It bucks the trend among the Singapore banks in morning trade
1 day ago
Asia: Stocks rise further on growing trade deal hopes
[HONG KONG] Asian stocks extended their rally on Thursday on hopes for an easing of trade war tensions as China and the...
1 day ago
Zombie oil supertanker in China points to Iran trade workarounds
The move highlights the lengths Tehran and the teapots – independent Chinese refiners often working on extremely thin margins – are going...
1 day ago
Thailand to shortlist central bank chief candidates by July 2, official says
BANGKOK :A Thai selection committee plans to shortlist candidates to be the next central bank chief by July 2, an official said on Thursday, ahead of the end of incumbent Governor Sethaput Suthiwartnarueput's five-year term in September.The new Bank of Thailand governor will face a tough task ...
1 day ago
Thailand to open applications for central bank governor next week, official says
BANGKOK :The committee that will select Thailand's new central bank head will open applications for the role next week, an official said on Thursday, ahead of the end of current Governor Sethaput Suthiwartnarueput's five-year term in September.The application period will be from May 13 to ...
1 day ago
Boeing vows to deliver new Air Force One by 2027, US official says
Trump might be lucky to board the new plane before he leaves office
1 day ago
Grab looks to strike a deal to acquire Indonesia's GoTo in Q2: Sources
SINGAPORE: United States-listed ride-hailing and food delivery company Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said. Singapore-headquartered Grab has hired advisers to work on the proposed deal, the t ...
1 day ago
Tackling verification and authentication weak spots in Singapore’s financial services industry
Billy Chan - Over the past five years, Singapore has seen a rise in fraudulent activities targeting financial services institutions (FSIs). Incidents range from money mules exploiting Singpass credentials to open accounts with over $1.28 million from scam victims in June 2024, to the OCBC scam where 800 customer ...
1 day ago
Philippines Q1 GDP grows slightly faster but lags expectations
MANILA :The Philippine economy expanded slightly faster in the first quarter even as growth lagged expectations, with household consumption and public spending underpinning momentum as the country faces rising external headwinds from U.S. tariffs.Gross domestic product rose by an annual 5.4 per cent ...
1 day ago
Philippines Q1 GDP grows 5.4% y/y, below expectations
MANILA : The Philippine economy grew by an annual 5.4 per cent in the first quarter of 2025 from a year earlier, official data showed on Thursday, a similar pace to the previous quarter's 5.3 per cent expansion. Economists in a Reuters poll had expected growth of 5.7 per cent.On a seasonally ad ...
1 day ago
Bank of Japan split over how US policies impact rate hikes: March minutes
[TOKYO] Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty...
1 day ago
Gold rises as Fed warns of economic uncertainty; Sino-US trade talks eyed
[BENGALURU] Gold prices climbed on Thursday (May 8) after the Federal Reserve warned of rising inflation and labour market risks fuelling economic...
1 day ago
Singapore stocks open weaker as Fed leaves rates unchanged; other Asian markets mixed
Chloe Lim - DBS up on Q1 results, dividend announcement; Reits among most actively traded counters fall in early trade
1 day ago
Singapore’s STI edges down as Fed leaves rates unchanged, other Asian markets mixed
Chloe Lim - [SINGAPORE] Singapore stocks opened weaker on Thursday (May 8) following the overnight announcement by the US Federal Reserve that it will be...
1 day ago
Powell says Fed won't be rushed, outlook depends on White House
Catarina Saraiva and Jonnelle Marte / Bloomberg - Federal Reserve Chair Jerome Powell made clear he won’t be rushed into lowering borrowing costs until there’s more certainty on the direction of trade policy, which will have to come from the White House. Powell and his colleagues held interest rates steady on Wednesday and, in their first meeti ...
1 day ago
Blackstone, Vanguard, Wellington to launch private markets fund
Traditional asset managers have been seeking ways to move beyond stock and bond funds into higher-margin businesses, including private equity and private...
1 day ago
Great Eastern reports 13% higher Q1 profit of S$345.5 million
Chloe Lim - New business embedded value grows 19% year on year to S$148.8 million
1 day ago
Apple asks US appeals court to pause ruling in Epic Games case
Apple has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.Apple told the San Francisco-based 9th U.S. Circuit Court of Appeals in a filing on Wednesday that it w ...
1 day ago
ANZ’s first-half cash earnings largely flat, margins stay pressured
AUSTRALIA’S ANZ Group reported largely flat first-half cash earnings on Thursday, as persistent competition in the home loan market and a rise in asset...
1 day ago
ANZ’s H1 cash earnings largely flat, margins stay pressured
AUSTRALIA’S ANZ Group reported largely flat first-half cash earnings on Thursday (May 8), as persistent competition in the home loan market and a rise...
1 day ago
BOJ split over how US policies impact rate hikes, March minutes show
TOKYO :Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday."Downside risks stemming from U.S. policies had rapidly heightened a ...