Exxon eyes sale of Hong Kong gas stations, sources say
April 22 : U.S. energy major Exxon Mobil is considering a sale of its gas stations in Hong Kong in a deal that is expected to fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial adviser and held discussions with a handful of bidders, ...
Software makers' best may not be good enough as AI fears mount
April 22 : Salesforce will likely report its fastest quarterly revenue growth in three years, but analysts say that may not be enough, as fears that artificial intelligence would decimate software makers have sapped investor confidence in the industry.Software CEOs such as Salesforce's Marc Ben ...
STI falls 0.2% as banking trio ends lower
Tay Peck Gek - Across the broader market, gainers edge out losers 298 to 288, after 1.9 billion securities change hands
Keppel Reit’s equity fundraising exercise may dilute DPU despite improved Q1 earnings: analysts
Therese Soh - CGSI cuts its target price on a lower distribution per unit forecast, while RHB lifts its projections
India's central bank in talks with global regulators, banks to review Mythos risks, sources say
MUMBAI, April 22 : India’s central bank is in talks with global regulators, Indian lenders and government officials to understand the potential risks posed by Anthropic’s new artificial intelligence model Mythos, three sources said.The Reserve Bank of India's preliminary assessment - just l ...
Japex aims to quadruple oil and gas output in 10 years, eyes US expansion
TOKYO, April 22 : Japan Petroleum Exploration said on Wednesday it plans to quadruple its oil and gas output over the next decade, investing 1.16 trillion yen ($7.3 billion) in exploration and production, mainly in the United States.The company, which recently acquired Verdad Resources Intermediate ...
OpenAI briefs US agencies, Five Eyes on new cybersecurity product, Axios reports
April 22 : OpenAI has briefed U.S. federal agencies, state governments and Five Eyes member countries on the capabilities of its new cybersecurity product over the past week, Axios reported on Wednesday. Cybersecurity is becoming a key battleground for AI labs such as OpenAI and Anthropic as their a ...
OpenAI briefs US agencies, Five Eyes on new cyber product, Axios reports
April 22 : OpenAI has briefed U.S. federal agencies, state governments and Five Eyes allies on the capabilities of its new cyber product over the past week, Axios reported on Wednesday. Reuters could not immediately verify the report.
LG Display to invest $745 million in OLED display infrastructure
SEOUL, April 22 : South Korea's LG Display said on Wednesday that it plans to invest 1.1 trillion won ($744.94 million) in building infrastructure for organic light-emitting diode, or OLED, displays to improve its technological competitiveness.The flat-screen maker said the investment will be m ...
Aberdeen sees £2.9 billion outflows as volatility jolts markets
The firm’s share price has rallied about 70% from its low in April 2025
COEs: Mainstream car category tops bidding at S$123,010 as demand ‘just too strong’
Derryn Wong - Category A rises 4.2%, and closes in on its all-time high of S$128,105 last October
India's Tech Mahindra beats quarterly revenue view on broad-based growth
BENGALURU, April 22 : Indian IT services company Tech Mahindra posted fourth-quarter revenue that beat analysts' estimates on Wednesday, with six out of its seven segments growing year-on-year. Consolidated sales for the quarter ended March 31 rose 12.6 per cent year-on-year, the firm's fi ...
Deutsche Telekom, T-Mobile in early talks for potential mega merger, sources say
April 22 : Deutsche Telekom is exploring a deal to combine with its U.S. unit, T-Mobile US , to create a $400 billion telecoms giant in what would be the largest ever public merger, two people familiar with the matter said. The German group's shares fell about 3 per cent on Wednesday morning af ...
Deutsche Telekom shares slip after T-Mobile merger talks reports
BERLIN, April 22 : Deutsche Telekom shares fell 1.5 per cent on Wednesday on reports of potential merger talks between the German telecoms conglomerate and U.S.-based T-Mobile US, which would be the largest ever public merger if it goes ahead.Details of the early stage talks were confirmed to Reuter ...
Australia and New Zealand central banks monitoring Anthropic's Mythos release
SYDNEY, April 22 : The central banks of Australia and New Zealand said on Wednesday they were monitoring the release of Anthropic's advanced Mythos artificial intelligence model, joining authorities around the world in expressing concerns about the new cybersecurity risks it poses.Designed for ...
Raffles Family Office opens new Singapore office, launches foundation to formalise philanthropy push
Jean Low - The newly established RFO foundation reflects a generational shift in how Asia’s ultra-wealthy think about legacy
Prime Orchard condo High Point takes fifth stab at en bloc sale with S$580 million asking price
Deon Loke - Market watchers say developers will have to price the finished condo at an average of around S$5,000 psf
Asian Development Bank leader Kanda announces reelection bid
TOKYO/MANILA, April 22 : Asian Development Bank President Masato Kanda announced on Wednesday his intention to stand for reelection as President after his current term ends on November 23, 2026, the Manila-based lender said in a statement. "With the trust of our partners, it would be my honour ...
Asian Development Bank leader Kanda announces bid for second term
MANILA, April 22 : Asian Development Bank President Masato Kanda announced on Wednesday his intention to stand for reelection as President after his current term ends on November 23, 2026, the Manila-based lender said in a statement. "With the trust of our partners, it would be my honour to con ...
Japan's Nikkei rises to record closing high on tech boost
[TOKYO] Japan’s Nikkei share average rose for a third consecutive session and hit a record closing high on Wednesday (Apr 22), supported...
Asian stocks slip from pre-war peak on Mideast ceasefire doubts, fallout worries
Markets digested the indefinite ceasefire extension announced by US President Donald Trump, weighing the long-term implications of already lost crude supply and the ongoing closure of the Strait of Hormuz on emerging, energy-importing countries in Asia.
PwC launches S$4 million Trade Advisory Hub to sharpen Singapore’s edge, create quality jobs
Elysia Tan - The funds will be used to build specialist talent, develop innovative tools and assets
Track your macros: Meal prep delivery services see gains in Singapore, amid health and fitness boom
Paige Lim - Much of the demand has been fuelled by a new generation of consumers who are more informed about nutrition and portion control,...
Vicom CFO Mary Lee to retire, Chung Tying Chun to be deputy CEO
Shikhar Gupta - The successor for Lee, 66, has not yet been identified, said the vehicle inspection company
VinFast eyes EV sales jump of five times in overseas market; taxi arm seen as key growth lever
Jamille Tran - Founder says Vietnamese carmaker’s Ebitda will break even by 2027, after cumulative losses of US$14.5 billion as at end-2025
Decarbonisation is making a comeback thanks to the Iran war. The test is whether it can be sustained
Janice Lim - Efforts to accelerate renewable energy deployment across South-east Asia have been slow
JP Morgan upgrades Nikkei year-end target to 70,000 on AI boom, weak yen
TOKYO, April 22 : J.P. Morgan on Wednesday raised its year-end target for Japan's Nikkei share average index to 70,000 from a previous target of 61,000, citing a boom in artificial intelligence and a weaker yen. J.P. Morgan also hiked its year-end target for the broader Topix index to 4,300 fro ...
Vietnam’s GSM Taxi plans to hold IPO in 2028, founder says
The ride-hailing taxi is expected to expand its service to India
Keppel divests i12 Katong mall for S$372 million to Tanoto-linked vehicle
Chloe Lim - East Coast mall was put on the market around November 2025 with guide price of S$380 million
Keppel divests i12 Katong mall for S$372 million
Chloe Lim - The buyer, Altallo Holdings, will pay the total sum over three tranches
Explainer-How the Iran war oil and gas supply shock compares with past disruptions
LONDON, April 22 : The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters calculations based on International Energy A ...
Blackstone’s AirTrunk plans its first data centre-backed bond
The company operates data centres in Australia, Hong Kong, Japan, Malaysia and Singapore
Vingroup plans taxi IPO, scraps LNG power plant project
HANOI, April 22 : Vietnamese conglomerate Vingroup is ditching plans to build the country's largest LNG-fired power plant and will turn to renewables for the project, its chairman told shareholders on Wednesday as he also flagged an IPO for the group's taxi unit in 2028. In a signal of how ...
Keppel to divest i12 Katong for $372 mil
Felicia Tan - Keppel Limited has agreed to divest its stake in suburban retail mall i12 Katong to Altallo Holdings for a cash consideration of $372.03 million. The five-storey mall, deemed by the group as a non-core asset, is located at 112 East Coast Road and has a net lettable area of 211,950 sq ft, which inclu ...
