1 day ago
Gold steady as US-Iran clashes dim truce prospects in Middle East
Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenback
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Dollar firms as US-Iran hostilities flare, yen steadied by intervention risk
HONG KONG, May 8 : The dollar started Friday's Asian session on a firm footing against most major currencies after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo. The U.S. and Iran exchanged fire an ...
1 day ago
Dollar steady as US-Iran hostilities flare, yen steadied by intervention risk
HONG KONG, May 8 : The dollar was on a firm footing against most major currencies on Friday after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo. The U.S. and Iran exchanged fire and traded barbs again o ...
1 day ago
OCBC shares pare gains to close 0.2% up after Q1 profit beats estimates
Shikhar Gupta - The lender’s shares rise as high as 3.1% in early trading on Friday
1 day ago
OCBC shares up as much as 3.1% after Q1 profit beats estimates
Shikhar Gupta - The lender’s net profit for the first quarter is up 5%, driven by growth in wealth management
1 day ago
OCBC shares up as much as 3.1% after estimate-beating Q1 profit
Shikhar Gupta - The lender’s net profit for the first quarter is up 5%, driven by growth in wealth management
1 day ago
AvePoint 1QFY2026 earnings rise as SaaS revenue jumps 35%
Nurdianah Md Nur - AvePoint has reported earnings of US$15.3 million ($19.4 million) for its 1QFY2026, more than four times the US$3.6 million recorded a year earlier. The data management and governance tools provider benefited from higher software-as-a-service (SaaS) revenue and wider operating margins. For the three ...
1 day ago
Coinbase logs second straight quarterly loss as crypto trading momentum fades
Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflows
1 day ago
Foreign central banks boost share of Malaysian bonds to record
The nation’s strong currency and stable economic growth have been a key allure for global investors
1 day ago
Global central banks boost their holdings of Malaysian sovereign bonds
The nation’s strong currency and stable economic growth have been a key allure for global investors
1 day ago
Stocks to watch: OCBC, ST Engineering, Frasers Property, Raffles Education
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 8):
1 day ago
Stocks to watch: OCBC, ST Engineering, Frasers Property
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 8):
1 day ago
OCBC Q1 profit beats forecasts, sets aside more allowances amid Middle East war
SINGAPORE: Singapore's Oversea-Chinese Banking Corp (OCBC) on Friday (May 8) flagged heightened macro risks from the war in the Middle East, after posting a 5 per cent rise in first-quarter net profit driven by growth in its wealth business.OCBC, the country's second-largest bank, reported ...
1 day ago
Frasers Property H1 profit falls 37.8% to S$88.4 million on impairment loss
Deon Loke - Revenue for the half year falls 5.2% to S$1.51 billion
1 day ago
Australia regulator calls for urgent cybersecurity action to counter Mythos
SYDNEY, May 8 : Australia's corporate regulator has urged the country's financial sector to take urgent action on tackling potential cyber risks from frontier AI systems such as Mythos.The Australian Securities and Investments Commission on Friday published a letter sent to the financial s ...
1 day ago
Frasers Property's attributable profit for 1HFY2026 down 37.8% y-o-y
The Edge Singapore - Frasers Property's attributable profit for its 1HFY2026 ended Maych 31 is down 37.8% y-o-y to $88.4 million, weighed down by an impairment of $38 .2 million made for an investment in Thailand. If a one-off tax provision reversal in 1HFY2025 was excluded, attributable profit would have increased ...
1 day ago
Cloudflare cuts workforce by 20% in ‘AI-first’ restructuring
The company is cutting more than 1,100 jobs
1 day ago
Airbnb boosts annual sales outlook while spending picks up
The company’s optimistic outlook suggests that global travel demand will remain healthy
1 day ago
OCBC’s 1QFY2026 net profit is up 13% q-o-q, 5% y-o-y and 5% above estimates
The Edge Singapore - Oversea-Chinese Banking Corp’s (OCBC) 1QFY2026 net profit of $1.974 billion came in around 5% above Bloomberg’s consensus estimate of $1.878 billion, up 13% q-o-q and 5% y-o-y. The net profit growth, if sustained in 2QFY2026, will translate to higher dividends in the first half, hopefully. OCBCâ ...
1 day ago
Nvidia funds construction of Corning plants, in addition to equity investment
SAN FRANCISCO, May 7 : Nvidia has paid several billion dollars to help fund new factories for glassmaker Corning in addition to taking an equity stake of up to $3.2 billion disclosed earlier this week, the CEOs of the two companies confirmed on Thursday.Nvidia CEO Jensen Huang said the AI chip suppl ...
1 day ago
US and Iran exchange fire, but Trump says ceasefire still in effect
Iranian state media said after the strikes that the situation was back to normal
1 day ago
Trump says ceasefire holding after fighting between the US and Iran flares; UAE comes under attack
UAE air defences engaging missile and drone threats from Iran early on May 8
1 day ago
UAE countering Iranian air attack after Trump says ceasefire still in effect
Iranian state media said after the strikes that the situation was back to normal
1 day ago
Huationg Global to spend $58 mil on dormitory development
The Edge Singapore - Construction firm Huationg Global plans to spend $58 million to develop a workers' dormitory by acquiring a 4,385 sqm 45-year-leasehold plot from an unrelated third party. Construction work at the site, Lot 8244M of Mukim 27, will start in the second half of this year and is targeted for comple ...
1 day ago
OCBC Q1 profit rises 5% to S$1.97 billion, beats estimates
Renald Yeo - Non-interest income up 23% at a record S$1.61 billion
1 day ago
OCBC’s Indonesia deal a ‘perfect fit’ for Asean wealth ambitions, says CEO, as Q1 profit beats estimates
Renald Yeo - Non-interest income up 23% at record S$1.61 billion
1 day ago
Trump’s latest 10% tariffs found unlawful by US trade court
The decision is the latest setback for the president’s effort to levy taxes without input from Congress
1 day ago
Oil jumps following fresh clashes between US and Iranian forces
OIL jumped following renewed clashes between US and Iranian forces, jeopardising the outlook for a deal to end the 10-week war.
1 day ago
Oil prices jump on renewed US-Iran hostilities
[NEW DELHI] Oil prices rose about 1 per cent on Friday (May 8) after renewed fighting broke out between the US and...
1 day ago
Oil jumps, stocks fall as US-Iran clashes spark peace talks fears
Markets across the world have enjoyed a strong run this week on growing optimism that the conflict will be concluded soon.
1 day ago
Parliament approves shift of Singtel discounted shares to direct shareholder ownership
Since Apr 8, holders have been able to withdraw and sell their SDS for cash
1 day ago
Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
May 7 : Nvidia will invest up to $2.1 billion in data center operator IREN, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand. The tie-up, announced on Thursday, underscores the hunger for computing power amid surging adopt ...
1 day ago
Commentary: Chipmakers' AI boom is ignoring history
Ceaseless demand and structural supply constraints have pushed the stock market prices and profits of chipmakers like Nvidia to the moon. Can this continue?
1 day ago
S&P 500 ends down as chip stocks give up gains
Upbeat economic readings in recent weeks have also helped allay concerns about the economy