Stocks rise, oil near US$100 as Trump extends Iran ceasefire
SINGAPORE: US stock futures rose and the dollar wavered on Wednesday (Apr 22) after President Donald Trump said he would indefinitely extend the Iran ceasefire, keeping sentiment buoyed, although with
Nam Cheong’s rally ‘still has further legs’: DBS
Lin Daoyi - Days after announcing that it has pared debt, Mainboard-listed Nam Cheong has followed that with another piece of news which investors will presumably find favourable. On April 21, the Sarawakian-based shipyard announced that it is selling its first newbuild vessel in over a decade as well as an old ...
This week at SpaceX: AI bets, losses and push for control as mega IPO looms
April 21 : Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history.The rocket and satellite company disclosed an option to acquire AI coding startup Cursor for $60 billion, outlined plans that would entrench perma ...
DBS keeps Hong Leong Asia at 'buy' and $3.90 after $90.7 mil acquisition of household shelter maker Yong Tai Loong
The Edge Singapore - Dale Lai of DBS Group Research has kept his "buy" call and $3.90 target price on Hong Leong Asia after its $90.7 million all-cash acquisition of privately-held Yong Tai Loong, which builds bomb shelters, letter boxes, door frames, clothes racks and other residential fittings. The acquisiti ...
Prudential extends Japan life sales pause, pulls growth target
The sales pause will continue till Nov 5
US transportation secretary seeks US$10 billion for air traffic control overhaul
[WASHINGTON] US Transportation Secretary Sean Duffy said he was seeking US$10 billion from Congress for the next phase of a massive effort...
Apple’s Tim Cook takes on crucial new role: global ambassador
The executive chairman will tread a thin line between Washington and Beijing as the world’s two largest economies vie for supremacy
DBS maintains 'buy' and US$5 target price on DFI following 'strong start' to FY2026
The Edge Singapore - Chee Zheng Feng of DBS Group Research has kept his "buy" call and US$5 target price on DFI Retail Group after the retailer announced what he calls a "strong start" for the year. In its 1QFY2026 ended March, DFI reported that underlying profit from continuing business grew by 49% ...
Deutsche Telekom weighs full combination with T-Mobile
Any transaction may face significant obstacles, including the need for political support in Berlin and Washington
Dollar at week high as markets raise doubts over Iran ceasefire
TOKYO, April 22 : The dollar steadied in early Asian trade on Wednesday, as skepticism over U.S. President Donald Trump's announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven currency, pushing it to a one-week high.On the policy front, Federal Reserv ...
Dollar steady as markets navigate Iran ceasefire uncertainty
LONDON/TOKYO, April 22 : The dollar was steady though it traded near a one-week high on Wednesday, as uncertainty over the conflict in the Middle East appeared to persist even after U.S. President Donald Trump extended indefinitely a ceasefire with Iran. Following Trump’s announcement, it was not ...
Dollar around one-week highs on doubts about Iran war ceasefire
TOKYO, April 22 : The dollar was steady and briefly hit a one-week high in Asian trade on Wednesday, as scepticism about U.S. President Donald Trump's announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven currency.It was also boosted by U.S. Federal R ...
Stocks to watch: DFI Retail, Bumitama Agri, Keppel Infrastructure Trust, Hong Leong Asia, OUE Reit
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 22):
Bumitama Agri ‘net positive’ on oil hikes as palm oil prices move in tandem with crude
Shikhar Gupta - Palm oil is a key feedstock in biofuel, whose demand tends to rise when crude oil prices surge
South Korea producer prices rise in March at fastest in more than 3 years
SEOUL, April 22 : South Korea's producer prices rose in March at the sharpest pace in more than three years on a surge in oil prices sparked by the Middle East conflict, central bank data showed on Wednesday. The Bank of Korea's producer price index rose 4.1 per cent in March from a year e ...
Tiny Pacific nations face tough choices on food, fuel posed by Iran war
[WELLINGTON] Far-flung Pacific nations are reeling from the impact of a global fuel crisis as authorities scramble to manage energy supplies while...
From Thai jasmine rice to salmon: Singapore could see tighter supply of some foods amid Iran war
Therese Soh - Singapore Food Agency says diversified sources, stockpiling will mitigate disruptions
Australia asks Roblox, Minecraft to detail child safety measures
SYDNEY, April 22 : Australia's internet regulator on Wednesday asked online gaming platforms including Roblox and Microsoft's Minecraft to spell out how they were protecting children from grooming by sexual predators and youth from radicalisation.The eSafety regulator said it had issued le ...
MUFG Bank seeks more acquisitions after 396 billion rupee India deal
Japanese banks have been reaping record profits as rising domestic interest rates bolster lending income
China’s CATL debuts EV battery with speedy six-minute recharge
The breakthrough appears to exceed a nine-minute EV battery charge touted just last month by BYD
Vodafone offers small businesses cybersecurity, AI capability with Google tie-up
LONDON, April 22 : European mobile and broadband operator Vodafone said it would offer its small business customers advanced cybersecurity and agentic AI through its $1 billion strategic tie-up with Google Cloud agreed in October 2024.The security product will be a managed detection and response ser ...
New CPF life-cycle investment scheme could channel up to S$9 billion a year into Singapore stocks: Citi
Therese Soh - It could provide ‘sufficient recurring liquidity inflow’ into local equities beyond the EQDP’s conclusion
New CPF life-cycle investment scheme could channel S$6-S$9 billion a year into Singapore stocks: Citi
Therese Soh - As much as S$9 billion in annual liquidity could flow into Singapore equities under the new scheme, the bank says
Singapore puts $100 mil into maritime tech, from smart ports to AI adoption
Nurdianah Md Nur - Singapore has unveiled a new maritime technology roadmap, committing more than $100 million to research and development (R&D) over the next five years as the city-state pushes to keep its port ecosystem ahead of mounting challenges to global trade. The announcements came at the 20th edition of S ...
Why Asean needs to pay more attention to supply chain integrity
Illicit trade has implications for sustainability and beyond
New CPF life-cycle investment scheme may channel billions into Singapore stocks: Citi report
Therese Soh - As much as S$9 billion in annual liquidity could flow into Singapore equities under the new scheme, the bank says
Shedding light on IP challenges: medical-cost inflation and thin margins
Genevieve Cua - With the IP industry’s profit margin at just 0.5%, commissions and costs to insurers and policyholders are under scrutiny
Instead of reducing the need for humans, Grab’s AI push might result in the opposite
Benjamin Cher - Artificial intelligence can impair conceptual understanding, code reading and debugging; software developers still needed for such higher value roles
Oil prices turn lower as investors assess outlook for US-Iran peace talks
TOKYO, April 22 : Oil prices turned lower on Wednesday after rising about $1 at the start of trade in Asia, with investors assessing the outlook for U.S.-Iran peace talks following the U.S. extension of a ceasefire.Brent crude futures were down 21 cents, or 0.2 per cent, at $98.27 a barrel at 0039 G ...
US oil prices rise as US-Iran peace talks remain uncertain
TOKYO, April 22 : U.S. crude futures rose in early trade on Wednesday, despite Washington's announcement that it would indefinitely extend a ceasefire with Iran, as uncertainty over peace talks persisted and the Strait of Hormuz remained effectively closed.U.S. West Texas Intermediate crude fut ...
Oil prices barely moved as investors assess outlook for US-Iran peace talks
TOKYO, PERTH, April 22 : Oil prices were largely flat on Wednesday after rising about $1 at the start of Asian trading, with investors assessing the outlook for U.S.-Iran peace talks following the U.S. extension of a ceasefire.Brent crude futures were up 3 cents, or 0.02 per cent, at $98.51 a barrel ...
Adobe announces US$25 billion buyback following share slide
Several software companies have announced new buyback plans in an attempt to send a positive signal to investors
Consumer watchdog group files suit alleging Meta profited on ads for scams
The company said it would fight the allegations
United Airlines sees weak Q2, full-year profit as fuel shock squeezes margins
[CHICAGO] United Airlines on Tuesday forecast second-quarter and full-year profits below Wall Street expectations as a surge in fuel prices squeezes margins and clouds...
