Dollar heads for small weekly loss on Middle East peace deal expectations
LONDON/HONG KONG, May 29 : The dollar steadied against other major currencies on Friday, but was on track to end the week lower after sources said that the U.S. and Iran had reached an agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. The deal, still ...
Dollar heads for small weekly loss on Middle East ceasefire deal expectations
LONDON/HONG KONG, May 29 : The dollar steadied against other major currencies on Friday, but was on track to end the week lower after sources said that the U.S. and Iran had reached an agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. The deal, still ...
South Korea's Kakao says union demand for bonus is a major burden
SEOUL, May 29 : South Korea's Kakao Corp said on Friday union demands for profit sharing were unrealistic and "a big burden" on management as the tech company seeks to focus on future business and investor interests.The union has been in government-mediated talks with management for a ...
Oil falls slightly on reports of potential US-Iran ceasefire deal
PERTH, May 29 : Oil futures fell slightly on hopes for a potential deal to extend a U.S.-Iran ceasefire, although remarks from Vice President JD Vance that the nations were "close" to reaching a deal but "not there yet" kept a floor under prices. Brent crude futures for July, whi ...
Asia stocks surge, oil falls on hopes of US-Iran truce deal
Oil markets have whipsawed this week as investors parse the chances of a breakthrough between Washington and Tehran that could potentially resume normal shipping through the Strait of Hormuz.
Samsung takes lead in shipping top-end AI memory chip samples
The company says that it has started shipping its first 12-layer HBM4E samples to major clients
Tokyo inflation slowdown unlikely to derail Bank of Japan rate hike
The city CPI is considered a leading indicator for nationwide price trends
Tokyo inflation slows again, vexing path to Bank of Japan rate hike
The city CPI is considered a leading indicator for nationwide price trends
Stocks to watch: ST Engineering, Seatrium, Keppel, Clas, OKP
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 29):
Seatrium posts S$15.5 billion net order book as at end-March
Deon Loke - It comprises of 24 projects with delivery dates till 2033
Seatrium posts S$15.5 billion net order book for Q1
Deon Loke - It comprises of 24 projects with delivery dates till 2033
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
Sharanya Pillai - The company’s order book stands at S$15.5 billion as at end-March
CapitaLand Ascott Trust to divest The Robertson House for S$360 million
Navene Elangovan - The hotel in Robertson Quay will be divested at 4% above book value.
Keppel Sakra Cogen commences operations, boosts Keppel's power generating capacity by 45%
The Edge Singapore - The Keppel Sakra Cogen Plant, Singapore's first hydrogen-compatible combined cycle power plant, has commenced commercial operations, boosting Keppel's power capacity by 45% and help meet Singapore's growing energy needs. The plant is 70% owned by Keppel Asia Infrastructure Fund, Keppe ...
China targets offshore billions in biggest crackdown in decades
Officials have cracked down on trust structures favoured by the Asian nation’s ultra-wealthy
Gold holds gain as US-Iran ceasefire extension calm inflation fears
Bullion is down nearly 15% since late February
Mitsui seeks LNG investments to meet power demand from data centers, Bloomberg News reports
May 28 : Japanese trading house Mitsui is looking to invest in LNG projects across the Middle East, the U.S. and Australia to meet rising power demand from data centers, Bloomberg News reported on Thursday, citing its CEO Kenichi Hori.The company will consider taking equity stakes or securing supply ...
Core inflation in Tokyo stays below BOJ goal, factory output rebounds
TOKYO, May 29 : Annual core inflation in Japan's capital stayed below the central bank's 2 per cent target for a fourth straight month in May, data showed on Friday, as fuel and tuition subsidies offset rising raw material costs from the U.S.-Israeli war on Iran.Separate data showed factor ...
Core inflation in Tokyo slows, stays below BOJ goal
TOKYO, May 29 : Annual core inflation in Japan's capital hit 1.3 per cent in May, data showed on Friday, staying below the central bank's 2 per cent target for a fourth straight month as fuel and education subsidies offset rising raw material costs from the U.S.-Israeli war on Iran.The dat ...
US imposes fresh sanctions on Iran’s military oil sales
8 vessels involved in transporting Iranian crude oil and petroleum products to global markets were also sanctioned
RHB upgrades Singapore banks on wealth momentum, resilient fee income; names its top picks
Jermaine Fok - The brokerage expects sector net profit to grow 6% in 2026
Samsung Electronics ships HBM4E chip samples to global customers
SEOUL, May 29 : Samsung Electronics said on Friday it has started shipping samples of its latest high-bandwidth memory (HBM) chip, or the 12-layer HBM4E, marking what it said was the industry's first shipment of such products. The South Korean tech company said the new chip represents a more th ...
Australian watchdog sues Amazon unit over children's backpack safety
May 29 : Australia's competition watchdog said on Friday that it has initiated legal action against Amazon's local unit, alleging breaches of product safety labelling laws related to children's backpacks. According to the Australian Competition and Consumer Commission (ACCC), the comp ...
Australia's competition regulator sues Amazon's local unit over kids' backpack safety
May 29 : Australia's competition watchdog on Friday launched Federal Court proceedings against Amazon's local unit over allegations that children's backpacks in its possession or control for sale on its online marketplace lacked mandatory button battery warning labels.
Not beyond compare: Genting Singapore’s weak hand is getting harder to hide
Jude Chan - It’s hard not to compare RWS with its high-flying rival MBS, even though they target different market segments
SGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears
Benicia Tan - Companies face heightened regulatory risks and the scale of policy roll-out poses execution hurdles: analysts
BYD debuts China’s most advanced EV chip in smart-driving push
The most advanced chip globally is the 2nm N2 node made by Taiwan Semiconductor Manufacturing Company
Oil prices settle in mixed direction on conflicting reports of US-Iran ceasefire deal
Traffic through the maritime chokepoint remains a small fraction of the pre-war level
Oil falls over 1% on reports of potential US-Iran ceasefire deal
Traffic through the maritime chokepoint remains a small fraction of the pre-war level
Law firm Kirkland to spend $500 million developing its own AI platform
WASHINGTON, May 28 : U.S. law firm Kirkland & Ellis said it is devoting $500 million of its revenue to developing a custom AI platform, accelerating a spending race on the technology in the legal industry.Kirkland, with self-reported revenue of $10.6 billion last year, said on Thursday it would ...
S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
The Dow Jones Industrial Average eked out small gains in afternoon trade to finish at another closing high
European shares dip as Middle Eastern developments keep investors wary
Next month’s European Central Bank policy meeting will be the next big catalyst for the market
Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
May 28 : Apollo Global Management and Blackstone are working to bring in additional investors for about $36 billion debt financing tied to AI startup Anthropic PBC's efforts to expand its AI infrastructure, Bloomberg News reported on Thursday.The debt would be used to buy custom chips from Goog ...
SentinelOne provides tepid quarterly forecast, to cut 8% jobs
May 28 : Cybersecurity company SentinelOne forecast second-quarter revenue below analysts' expectations on Thursday and said it would cut about 8 per cent of its workforce as it looks to invest in growth areas such as AI, data and cloud.The company also missed first-quarter revenue estimates, s ...
