23 hours ago
Bitcoin reaches 12-week high on Iran deal optimism
The token is up 16 per cent so far in April
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 hours ago
Eutelsat CEO says US demand holds despite SpaceX push to curb European rivals
April 27 : Demand for alternative satellite services from U.S. businesses and the Pentagon is resilient despite SpaceX's request to U.S. regulators to restrict access for European rivals, the CEO of European satellite operator Eutelsat said.In a letter to the Federal Communications Commission o ...
23 hours ago
Malaysia’s energy windfall masks a burgeoning ‘two-speed’ economy
Tan Ai Leng - While higher oil prices have increased export revenues, businesses face strain from supply disruptions
23 hours ago
Vietnam buys more LNG as temperatures set to rise above average
The next two weeks are forecast to be hotter than normal in the South-east Asia country
23 hours ago
Iran war disrupts the circuit board supply chain, raises costs for tech firms
BEIJING/SEOUL, April 27 (Rtrs) - The conflict in the Middle East has disrupted supplies of crucial raw materials and pushed up prices of the printed circuit boards (PCB) used in almost all electronic devices, from smartphones and computers to AI servers, industry sources and executives said.The disr ...
23 hours ago
State-owned China Merchants Group joins sale talks for CK Hutchison’s troubled ports
PORTS operator China Merchants Group is in talks to join a consortium seeking to buy dozens of CK Hutchison Holdings’ ports, people...
24 hours ago
AI boom drowns out Iran war fears to fuel Asia’s great market divide
In South and South-east Asia, higher oil prices are straining trade balances and sending stocks tumbling in India, Indonesia and the Philippines
24 hours ago
MariBank posts wider losses on higher allowances in FY2025
Benjamin Cher - But, its total income is up at S$37.4 million, from S$24.4 million in the previous year
24 hours ago
Japan's dour IPO market unlikely to improve despite sizzling debuts of sake, pet food firms
TOKYO, April 27 : Sparkling debuts on the Tokyo bourse by a sake brewery and pet food maker last week are unlikely to revive a moribund market for new stock listings in Japan as investors remain fixated on the artificial intelligence boom.Shares of Umenoyado Brewery surged 75 per cent on their first ...
24 hours ago
SK Hynix shares rally 7% to a record high, beating Samsung's 2.5% gain
SEOUL, April 27 : Shares in Nvidia's chip supplier SK Hynix rallied more than 7 per cent to a record high on Monday, after U.S. chipmaker Intel's earnings results rekindled expectations of artificial intelligence demand.The South Korean company outperformed its rival Samsung Electronics, w ...
24 hours ago
China tax authorities rattle metal market with invoice crackdown
The probe has ensnared a broad group of traders dealing in copper, aluminium and silver in Shanghai, according to several affected parties
1 day ago
India’s Sun Pharma to buy US-listed Organon in about US$11.8 billion deal
Sun Pharma will buy all the outstanding shares of Organon for US$14 per share
1 day ago
MOL will watch bunker supply from June as Middle East supply disruptions continue
Tay Peck Gek - The surge in freight costs has not significantly dented shipping demand, says Mitsui OSK Lines’ new CEO
1 day ago
The boring phase of AI is now over
Haim Israel / BofA Global Research - The two questions we are always think about when it comes to artificial intelligence (AI) are: “is it a bubble?” and “what industries, or jobs will be eliminated next, following the ‘Saas (Software as a Service)-Mageddon’ i.e. the meltdown of the software sector on the back of the new AI m ...
1 day ago
China delays foreign debt sales with US$100 billion of bonds due
To avoid defaulting on their overseas debt, Chinese companies are resorting to selling short-term bonds
1 day ago
Paragon’s value lies in the opportunity for CICT to transform an ageing gem
Leslie Yee - The trust has the means and expertise to add value to the trophy Orchard Road asset
1 day ago
Oil rises, stocks swing as peace talk hopes wobble
Hopes that the US and Iran could make progress during negotiations in Pakistan were dashed on Saturday by Trump, who said there was no point "sitting around talking about nothing".
1 day ago
Nikkei hits record high on earnings, Middle East optimism
The Nikkei fell into negative territory shortly after the open but then rallied sharply
1 day ago
Nomura stock hit after research affiliate writedown, Europe loss
The coming quarters may provide a test for CEO Kentaro Okuda as the Iran war puts a strain on the global economy
1 day ago
JP Morgan keeps neutral rating on Keppel with unchanged June 2027 price target
The Edge Singapore - In an update on Apr 23, JP Morgan retained its neutral rating on Keppel and its June 2027 price target of $12. JP Morgan had downgraded Keppel on March 26 due to the ongoing Iran War. Keppel’s 1Q2026 on Apr 23 briefing had updates on the power business, divestment targets, Rigco which owns the leg ...
1 day ago
China’s car headlights can project movies like drive-in theatres
Huawei also offers a system that can project images onto roll-up screens behind the front seats, or from a raised tailgate
1 day ago
EQDP fund manager BlackRock launches Asean systematic active equity strategy fund
Kwan Wei Kevin Tan - Global asset manager BlackRock says it is launching its new Asean systematic active equity strategy fund under the Monetary Authority of Singapore (MAS)’s Equity Market Development Programme (EQDP). The EQDP aims to channel capital into the Singapore stock market via private fund managers. Launche ...
1 day ago
Japan's JERA secures adequate LNG stocks through July despite Iran crisis
TOKYO, April 27 : JERA, Japan's biggest power generator, has secured adequate liquefied natural gas inventories through July to cover Middle East supply disruptions caused by the U.S.-Israeli war with Iran, an executive said on Monday. JERA, also Japan's top LNG buyer, handles about 35 mil ...
1 day ago
Japan's JERA posts 5.2% rise in annual profit
TOKYO, April 27 : JERA, Japan's biggest power generation utility, on Monday said its profit for the fiscal year that ended in March rose 5.2 per cent from a year earlier to 193.5 billion yen ($1.21 billion). The increase was supported by a boost in JERA's overseas power generation and rene ...
1 day ago
China's industrial profit growth quickens even as Iran war heightens risks
BEIJING: Profits at China's industrial firms grew at their quickest pace in half a year last month, adding to broader signs of an uneven economic recovery in the first quarter as policymakers brace for the impact of the Middle East war.The country's export engine stuttered last month while ...
1 day ago
53 mil new MoneyMax shares snapped up by three EQDP fund managers
Lin Daoyi - Financial services provider MoneyMax has raised $44.3 million from the issuance of 53 million new ordinary shares. Issued at 83.5 cents per share, all shares were taken up by Fullerton Fund Management, Lion Global Investors and Eastspring Investments, who are three of nine asset managers appointed b ...
1 day ago
Keppel begins arbitration against partners in Vietnam JV hit by 6.9 trillion dong bill
Therese Soh - While investment is expected to be profitable, earnings may decline if fees are not fully borne by partners, says group
1 day ago
Keppel begins arbitration against partners in Vietnam JV hit with 6.9 trillion dong fee
Therese Soh - It seeks a declaration that it is not liable for 6.9 trillion dong worth of land use fees levied on the project
1 day ago
HSBC reviews HK$300,000-per-kid school fee perk for Hong Kong bankers to cut costs
International school fees are a major expense for families in the city and costs have been increasing after the pandemic
1 day ago
HSBC reviews HK$300,000 per kid school fee perk for Hong Kong bankers
International school fees are a major expense for families in the city and costs have been increasing after the pandemic
1 day ago
‘Pretty sick guy’: Trump says suspect in press dinner attack held views that alarmed relatives
President and other top officials likely targeted by gunman, acting Attorney General says
1 day ago
Suspect in White House press dinner shooting wrote anti-Christian manifesto, Trump says
Targets listed in the manifesto included administration officials, prioritised from highest-ranking to lowest
1 day ago
Addvalue Tech proposes Nasdaq spin-off listing of wholly owned unit
Chloe Lim - Addvalue Solutions deals with the group’s activities involving the Inter-Satellite Data Relay System
1 day ago
Serial Achieva wins contract to supply switches; deal worth up to US$18.8 mil
The Edge Singapore - Electronics parts distributor Serial Achieva has won a deal worth up to US$18.8 million to supply switches for networking infrastructure. The switches, which form part of next-generation networking infrastructure, are designed to support AI-optimised infrastructure hardware. Under this agreement wit ...