1 day ago
South Korea’s Kospi breaks 7,000 as AI chip rally lifts Samsung into US$1 trillion club
The index has climbed 74% so far this year, after posting a 76% jump in 2025
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Asia markets hit records on AI euphoria, Iran peace hopes
South Korea’s Kospi share index tops 7,000 for the first time
1 day ago
Asian budget carriers need help to avoid Spirit’s fate
Policymakers must consider targeted measures in the form of loans, grants or fuel price relief
1 day ago
Anthropic unveils AI agents to field financial services tasks
The Claude maker now has more than 300,000 business customers who use its technologies to automate parts of their work
1 day ago
Samsung Electronics market value tops US$1 trillion on AI chip boom
SEOUL: The market value of South Korea's Samsung Electronics smashed past US$1 trillion for the first time on Wednesday (May 6) as the firm rides an artificial intelligence chip boom that has sent Seoul's Kospi stock index to record highs.The company has emerged as a key player - alongside ...
1 day ago
Apple settles lawsuit over late Siri AI features for US$250 million
The firm denies any fault in the settlement, which still awaits approval from a judge
1 day ago
SIA delays roll-out of new first, business class seats on A350 fleet to 2027
Industry-wide supply chain issues and seat certification delays push back the launch, according to SIA
1 day ago
Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down
The airline also plans to move ahead with expedited sales of aircraft and equipment
1 day ago
Tech counters Venture, CSE Global up over 11% after strong Q1 updates
Shikhar Gupta - Venture reaches three-year peak; CSE hits highest level in nearly two decades
1 day ago
Tech counters Venture, CSE Global up over 10% after strong Q1 updates,
Shikhar Gupta - Venture reaches three-year peak; CSE hits highest level in nearly two decades
1 day ago
Tech counters Venture, CSE Global up over 8% after strong Q1 updates
Shikhar Gupta - Venture shares reach as high as S$17.98, CSE shares up as much as S$1.47
1 day ago
Tech counters Venture, CSE Global up over 7% after strong Q1 updates
Shikhar Gupta - Venture shares reach as high as S$17.84, while CSE shares are up as high as S$1.46
1 day ago
Tech counters Venture, CSE Global up 11% after strong Q1 updates
Shikhar Gupta - Venture reaches three-year peak; CSE hits highest level in nearly two decades
1 day ago
Gold rises as Trump touts progress with Iran and dollar falls
Bullion has fallen more than 12% since the war began in late February
1 day ago
Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge
SEOUL, May 6 : The market capitalisation of Samsung Electronics' common stock surpassed $1 trillion on Wednesday, making it the second Asian company after TSMC to reach the milestone. Samsung Electronics, the world's top memory chipmaker, saw its market value reach 1,500 trillion won ($1.0 ...
1 day ago
Samsung Electronics' market cap surpasses $1 trln
SEOUL, May 6 : The market capitalisation of Samsung Electronics' common stock surpassed 1,500 trillion won ($1.03 trillion) in Seoul trading on Wednesday. Shares of the South Korean stock giant were up 12 per cent at 0952 a.m. (0052 GMT) in Seoul, as the benchmark Kospi rose 5.4 per cent. ($1 = ...
1 day ago
Blackstone, KKR in talks with Google to bring AI models to portfolio firms
Some firms have considered deals with more than one AI firm
1 day ago
Dollar eases as US-Iran deal hopes grow, yen firms on intervention speculation
HONG KONG, May 6 : The dollar fell against most major currencies on Wednesday after the U.S. signalled it may be nearing a deal with Iran, while the Japanese yen strengthened sharply to a more than two-month high as markets braced for another intervention.The yen was last at 155.00, up nearly 2 per ...
1 day ago
Dollar eases as US-Iran deal hopes grow, yen drifts
HONG KONG, May 6 : The dollar retreated against most major currencies on Wednesday after the U.S. signalled it may be nearing a deal with Iran, while the yen continued to drift weaker toward levels that have previously drawn intervention from Tokyo. President Donald Trump said he would briefly pause ...
1 day ago
Dollar drops as optimism grows for US-Iran deal; yen surge ignites intervention chatter
LONDON, May 6 : The dollar fell against most major currencies on Wednesday as investors grew optimistic about a possible end to the Iran war, while a sudden jump in the Japanese yen to a more than two-month high put traders on alert for another round of official buying from Tokyo.A source from media ...
1 day ago
Dollar tumbles against yen as intervention chatter swirls, optimism grows for US-Iran deal
LONDON, May 6 : The dollar fell against most major currencies on Wednesday after the U.S. signalled it may be nearing a deal with Iran, while the Japanese yen suddenly jumped to a more than two-month high as markets braced for another round of official buying from Tokyo.The yen rose by as much as 1. ...
1 day ago
Dollar dips on hopes of US-Iran deal; yen surge sparks intervention buzz
NEW YORK, May 6 : The dollar fell against most major currencies on Wednesday as investors grew optimistic about a possible end to the Iran war, while a sudden jump in the Japanese yen to a more than two-month high put traders on alert for another round of official buying from Tokyo.A source from med ...
1 day ago
Samsung hits US$1 trillion valuation, joining TSMC in elite club
Just days ago, the South Korean company’s semiconductor arm brought in historic profit over the March quarter
1 day ago
Anthropic commits to spending US$200 billion on Google’s cloud and chips: report
Alphabet is also investing up to US$40 billion in the artificial intelligence startup
1 day ago
Stocks to watch: Great Eastern, Venture Corp, Centurion Accommodation Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 6):
1 day ago
Korea's KOSPI breaks 7,000 as AI chip rally lifts Samsung into $1 trillion club
SEOUL, May 6 : An AI-powered surge in semiconductor shares sent South Korea's benchmark KOSPI index above 7,000 points in a historic first on Wednesday, with Samsung Electronics breaking the $1 trillion market-cap barrier. The gains underscore how global demand for artificial intelligence hardw ...
1 day ago
S Korea's KOSPI breaks 7,000 as AI chip rally lifts Samsung into $1 trillion club
SEOUL, May 6 : An AI-powered rally in semiconductor shares sent South Korea's benchmark KOSPI index above 7,000 points in a historic first on Wednesday, with Samsung Electronics breaking the $1 trillion market-cap barrier. The KOSPI rose as much as 5.8 per cent to a record 7,338.61 in morning t ...
1 day ago
South Korea's KOSPI share index tops 7,000 for first time
SEOUL, May 6 : South Korea's benchmark stock index on Wednesday topped a key milestone of 7,000 points for the first time, boosted by a rally in chipmakers.The KOSPI rose as much as 5.4 per cent to 7,311.54 in early trade, hitting its highest on record.Samsung Electronics and SK Hynix rose more ...
1 day ago
Korea's KOSPI breaks 7,000 as AI rally catapults Samsung into $1 trillion club
SEOUL, May 6 : South Korea's benchmark KOSPI index vaulted past 7,000 for the first time on Wednesday, as an AI-powered rally in semiconductor stocks drove Samsung Electronics past the $1 trillion market-cap barrier.The gains underscore how global demand for artificial intelligence hardware has ...
1 day ago
F&N’s 1HFY2026 declines by 2.9% to $81.6 mil; declares dividend of 1.5 cents
Felicia Tan - Fraser and Neave (F&N) has reported earnings of $81.6 million for the 1HFY2026 ended March 31, 2.9% lower y-o-y. Earnings per share (EPS) before exceptional items dipped to 5.6 cents on a fully diluted basis, compared to 5.8 cents in the 1HFY2025. Revenue fell by 6.4% y-o-y to $1.14 billion as b ...
1 day ago
Great Eastern Q1 profit remains steady at S$346.3 million despite challenging investment environment
Deon Loke - Performance is also underpinned by improved insurance profits
1 day ago
Great Eastern Q1 profit remains steady at S$346.3 million
Deon Loke - Performance is underpinned by improved insurance profits
1 day ago
New Zealand finance firms see 30% deposit surge outpacing banks
Residential mortgage lending by finance companies has risen more than 30% since deposit insurance was introduced
1 day ago
Oil prices little changed as ceasefire holds and US crude stocks fall
MELBOURNE, May 6 : Oil was little changed at open on Wednesday morning after a volatile session on Tuesday with U.S. crude oil inventories falling for a third week in a row as the shaky Middle East ceasefire held. U.S West Texas Intermediate was up 15 cents, or 0.15 per cent, to $102.42 per barrel a ...