Business Headlines & Singapore Stock Market News

3 days ago

Trump says he is losing patience with Iran, did not ask China for favours

Teheran has said that it would not unblock the strait until the US ended its blockade

3 days ago

Oil prices climb more than 3% on fears of new US-Iran combat

About a fifth of the world’s oil and liquefied natural gas normally passes through the strait

3 days ago

Stoxx 600 logs weekly losses on Iran war-linked inflation woes

Semiconductor firms have paused their recent rally

3 days ago

Ackman, Loeb take different routes on tech bets in early 2026

NEW YORK, May 15 : Two of Wall Street's most closely watched billionaire stock pickers, both once voluble activist investors, took opposite tacks this year when Bill Ackman bet on Microsoft and exited Google parent Alphabet and Daniel Loeb did the opposite. Ackman said on X his firm Pershing Sq ...

3 days ago

‘A Fed chair with a spine’: A look back at Jerome Powell’s tenure as US central bank chief

Koh Kim Xuan - He helped the US economy navigate one of the most tumultuous periods of its history

3 days ago

Beyond corporate life: Why some Singaporeans choose portfolio careers

Therese Soh - More professionals are eschewing working for a single employer; firms are increasingly relying on freelancers too

3 days ago

Vietnam will be the next Asian Tiger

Tong Kooi Ong + Asia Analytica - The moniker “Asian Tiger” was first coined in the late-1970s, referring to four countries — Hong Kong, Singapore, South Korea and Taiwan — whose economies underwent very rapid industrialisation to achieve developed, high-income nation status within a single generation (between the 1960s and ...

3 days ago

Wall Street ends lower on mounting inflation worries

Despite the sell-off, the S&P 500 has logged its seventh straight weekly gain

3 days ago

Arm Holdings to face US antitrust probe over chip tech, Bloomberg News reports

May 15 : Arm Holdings is facing an antitrust probe by the U.S. Federal Trade Commission over the British chip designer's licensing of its semiconductor technology, part of ongoing global scrutiny of the business, Bloomberg News reported on Friday.The FTC is investigating whether Arm is trying t ...

3 days ago

Ares Management bulks up on credit funds in first quarter of 2026

PROVIDENCE, Rhode Island, May 15 : Private credit pioneer Ares Management disclosed a wide array of new or increased stakes in alternative asset vehicles including several direct lending funds in its quarterly 13-F filing with the U.S. Securities and Exchange Commission on Friday.Ares, an alternativ ...

3 days ago

Exclusive-SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq, sources say

NEW YORK, May 15 : Elon Musk's rocket and satellite maker SpaceX is planning to price its blockbuster initial public offering as early as June 11 and has picked Nasdaq as its listing venue, people familiar with the matter told Reuters on Friday.SpaceX, which is set to trade under the ticker � ...

3 days ago

Exclusive-SpaceX accelerates IPO timeline, targets June 11 pricing on Nasdaq

NEW YORK, May 15 : Elon Musk's rocket and satellite maker SpaceX is planning to price its blockbuster initial public offering as early as June 11 and has picked Nasdaq as its listing venue, people familiar with the matter told Reuters on Friday. SpaceX has accelerated its IPO timeline and is no ...

3 days ago

Institutional investors flocked to establish new stakes in semiconductor firms in first quarter

PROVIDENCE, Rhode Island, May 15 : Institutional investors took new positions in semiconductor stocks ranging from Intel to Micron during the first quarter of the year, positioning them to profit from a red-hot rally that extended into the second quarter, according to a Reuters overview of filings f ...

3 days ago

Institutional investors boosted holdings of AI infrastructure plays during first quarter

PROVIDENCE, Rhode Island, May 15 : Institutional investors were eager buyers of stocks in companies whose fate hinges on the rollout and adoption of artificial intelligence during the first quarter of 2026, according to a Reuters overview of filings by nearly 6,000 hedge funds, pension funds, colleg ...

3 days ago

Dollar climbs for fifth straight day as Treasury yields surge

NEW YORK, May 15 : The dollar strengthened for a fifth straight day on Friday and was set for its largest weekly percentage rise in two months, as market expectations for the Federal Reserve's monetary policy path tilt further toward possible rate hikes.The dollar's advance comes as U.S. T ...

3 days ago

Dollar climbs for fifth straight day as Fed rate hike bets grow

NEW YORK, May 15 : The dollar gained for a fifth straight day on Friday and was poised for its largest weekly percentage rise in two months, as market expectations for the path of monetary policy from the Federal Reserve continue to shift towards possible rate hikes.The advance in the greenback this ...

3 days ago

US debt load could undercut Warsh‘s plan to shrink Fed balance sheet

[WASHINGTON] Incoming Federal Reserve chief Kevin Warsh‘s plans to shrink the US central bank’s “footprint” in financial markets could be constrained by rising...

3 days ago

UK firms should take steps to limit risks from frontier AI models, UK says

LONDON, May 15 : British companies should take steps to plan for and mitigate risks from new artificial intelligence models, the country's finance ministry, the Bank of England and the Financial Conduct Authority regulator said on Friday."The cyber capabilities of current frontier AI model ...

3 days ago

H&M lays off staff in Singapore, moves regional headquarters to Malaysia

It still has six outlets in Singapore

3 days ago

Singapore court grants winding up bids for three entities linked to 1MDB scandal, liquidators say

KUALA LUMPUR: The Singapore High Court has granted winding up applications filed for three entities incorporated in the British Virgin Islands and linked to the multibillion-dollar scandal at Malaysian state fund 1Malaysia Development Berhad (1MDB), liquidators recovering assets for 1MDB said on Fri ...

3 days ago

Wall St down at open as yields jump on inflation worries

[NEW YORK] Wall Street indexes opened sharply lower on Friday (May 15), as inflation fears triggered by the Middle East conflict drove...

3 days ago

Nam Cheong’s reports 1QFY2026 patmi of RM78.9 mil, lowers net gearing to 0.17 times

Lin Daoyi - Mainboard-listed Nam Cheong has reported patmi of RM78.9 ($25.5) million, a y-o-y gain of around 160% for 1QFY2026 ended March 31. The increase was mainly due to a one-off gain from a vessel sale worth RM60.5 million. The offshore service vessel (OSV) provider earned nearly RM118 million in revenue ...

3 days ago

Nam Cheong reports 1QFY2026 patmi of RM78.9 mil, lowers net gearing to 0.17 times

3 days ago

Starbucks cuts 300 US corporate jobs and closes some regional offices

It’s also reviewing its international support organisations and expects more job cuts outside the US

3 days ago

Tech CEOs invited to US Capitol to testify about children's online safety

May 15 : The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill to answer questions from U.S. lawmakers about children’s online safety, according to a Senate aide.Senate Judiciary Chairman Chuck Grassley, a Republican, invited Meta's Mark Zuckerberg, Alphabet' ...

3 days ago

Tech CEOs summoned to US Capitol for June hearing

3 days ago

Tech CEOs summoned to Capitol for June hearing

May 15 : The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill for a broad oversight hearing in June, according to a Senate aide.Senate Judiciary Chairman Chuck Grassley, a Republican, invited Meta's Mark Zuckerberg, Alphabet's Sundar Pichai, TikTok's Shou ...

3 days ago

UOB to sell property interests worth $387 mil in Novena Square to SingLand and former Faber House to UOL Group

The Edge Singapore - United Overseas Bank is selling properties worth some $387 million to related parties as part of its capital reallocation moves. These properties are carried on the bank's books at $149.5 million. First, UOB will sell its 20% interest in Novena Square to joint venture partner Singapore Land Gro ...

3 days ago

ThaiBev optimistic in Thailand for second half of 2026 despite weaker beer sales

Lionel Lim - Revenue for the segment is down 5.4% at 62.6 billion baht for the six months ended Mar 31

3 days ago

Global equities unnerved by bond market jitters

Goola Warden - In the US, the yield on two-year Treasuries climbed to 4.06%, a level not seen since March 2025. Bloomberg notes that Japan’s 30-year yield hit 4% for the first time since 1999. A political crisis in the UK lifted 30-year gilt yields to a 28-year high. The yield on 30-year Treasuries of 5.10% is t ...

3 days ago

Samsung executives make rare union visit as strike fears mount

SAMSUNG Electronics’ top management made a rare visit to leaders of the company’s largest labour union late Friday in an effort to...

3 days ago

SingLand buys out UOB’s stake in Novena Square JVs for S$299 million

Sharanya Pillai - The move will enhance SingLand’s share of recurring income from a stabilised asset, the company says

3 days ago

Olam Group completes Mindsprint sale to Wipro for US$386 million cash

Lin Daoyi - In a bourse filing on May 15, Mainboard-listed Olam Group has announced the completion of the sale of subsidiary Mindsprint to Wipro, a global technology services and consulting company. Wipro paid US$386 ($492) million in cash for Mindsprint. The sale of Mindsprint, an IT and digital services busin ...

4 days ago

Keppel inks further Bifrost deal with Telstra, in ‘advanced’ talks with more customers

Sharanya Pillai - It aims to sign contracts for the remaining fibre pairs in H1 this year

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers