23 hours ago
US sanctions on China oil giant Hengli turn up heat for teapot refiners
Hundreds of chemical, synthetic fibre and textile producers across East Asia face near-immediate disruption to supplies
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 hours ago
South Africa withdraws AI policy due to fake AI-generated sources
JOHANNESBURG, April 27 : South Africa has withdrawn its first draft national AI policy after revelations that it contained fictitious sources in its reference list which appeared to have been AI-generated. "The most plausible explanation is that AI-generated citations were included without prop ...
24 hours ago
Ray-Ban heir’s 10 billion euro buyout of siblings’ shares approved: Italian media
Leonardo Maria Del Vecchio is set to become the largest shareholder in EssilorLuxottica
1 day ago
Meta partners with space startup Overview Energy to secure solar power for data centers
April 27 : Meta Platforms has signed an agreement with Overview Energy to secure power from the startup's space-based solar energy infrastructure for the Facebook parent's data centers by the end of the decade.Overview Energy is developing a system that can collect solar energy in space an ...
1 day ago
Singapore shares fall, dragged by banks; STI slips 0.6%
Renald Yeo - Across the broader market, losers outpace gainers 341 to 265 after two billion securities change hands
1 day ago
Elon Musk's trial against Sam Altman to reveal the ongoing power struggle for OpenAI
April 27 : The bitter legal fight between Elon Musk and the leading artificial intelligence firm, OpenAI, led by Sam Altman, may come down to a few pages in one executive's personal diary. "This is the only chance we have to get out from Elon," wrote Greg Brockman, OpenAI's presi ...
1 day ago
Elon Musk trial against Sam Altman to reveal OpenAI power struggle
April 27 : The bitter legal fight between Elon Musk and the leading artificial intelligence firm, OpenAI, led by Sam Altman, may come down to a few pages in one executive's personal diary. "This is the only chance we have to get out from Elon," wrote Greg Brockman, OpenAI's presi ...
1 day ago
Beijing blocks Meta's acquisition of Chinese AI startup Manus
Meta, which owns Facebook, acquired Manus in December 2025 for more than US$2 billion in a bid to boost its capabilities in AI agents.
1 day ago
Indonesia's March refined tin exports at 4,655 metric tons, official data show
JAKARTA, April 27 : Indonesia exported 4,655.03 metric tons of refined tin in March, down 19.46 per cent from the same month last year, data from the trade ministry showed on Monday. Month Exports (metric tons) Y/Y pct change 2026
1 day ago
Singapore’s manufacturing output beats forecasts in March, but chemicals decline signals emerging Iran war risk
Tessa Oh - Strong factory growth points to an upward revision of Q1 GDP growth to around 5.2%, economists say
1 day ago
ST Engineering wins $4.8 bil in new contracts in 1QFY2026
The Edge Singapore - Singapore Technologies Engineering has secured some $4.8 billion in new contracts in the first quarter of the year, with half of the value coming customers in the defence and public security space. On top of local contracts, the company has a growing momentum of international defence wins, especiall ...
1 day ago
Olam Group completes 44.58% stake sale in Olam Agri to SALIC for US$1.88 bil
Lin Daoyi - In a bourse filing on April 27, Olam Group says that it has completed the sale of a 44.58% stake in Olam Agri to the Saudi Agriculture & Livestock Investment Company (SALIC) which will now own 80.01% of Olam Agri. SALIC is paying around US$1.88 ($2.4) billion for the stake, valuing Olam Agri at ...
1 day ago
South Korean shares hit record as chipmakers rally ahead of earnings
[SEOUL] South Korean shares jumped more than 2 per cent to a record close on Monday (Apr 27), as chipmakers rallied ahead...
1 day ago
BP gains on Exxon to emerge as top big-oil stock during Iran war
The windfall comes at a crucial time for the former, with its shares being the sector’s worst-performing since 2020
1 day ago
Oil up almost 3% as US-Iran peace talks stall
LONDON, April 27 : Oil prices rose on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.The Brent crude benchmark was up 96 cents, or 0.9 per cent, at $106.29 a barrel by 1212 GMT after reaching $108 ...
1 day ago
Oil prices hit two-week high as Iran talks stall and Strait shipments lag
NEW YORK, April 27 : Oil prices climbed about 2 per cent to a two-week high on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.Brent futures rose $2.16, or 2.1 per cent, to $107.49 a barrel at 10:0 ...
1 day ago
China taps another tool to drain excess cash from market
It is set to withdraw a net 200 billion yuan (S$37.3 billion) via its one-year medium-term lending facility in April
1 day ago
OCBC's Lim maintains 'buy' on CLAS but lowers fair value to 95 cents
The Edge Singapore - Ada Lim of OCBC Group Research has maintained her "buy" call but reduced her fair value for CapitaLand Ascott Trust (CLAS) from $1.01 to 95 cents, after factoring in higher risk premium from the geopolitical tensions in the Middle East. In its first quarter business update, gross profit fo ...
1 day ago
AI-exposed firms cut 4% of jobs; car sector hardest hit: Morgan Stanley report
Therese Soh - The automobile and components sector has the highest net job loss, at 10%, across five industry sectors
1 day ago
India's Paytm trims losses; analysts see limited hit from bank unit licence scrapping
April 27 : Shares of India’s One 97 Communications, commonly known as Paytm, recouped most losses on Monday afternoon, as analysts said the cancellation of an associate firm's payment bank licence would have a limited impact on the fintech company.The stock initially fell as much as 8.4 per c ...
1 day ago
As golf sees resurgence in Singapore, more should be done to make the sport accessible and affordable
There are many young and talented players here who need the opportunity and space to hone their skills
1 day ago
China blocks Meta’s US$2 billion acquisition of Singapore-based AI startup Manus
Beijing has tightened scrutiny of key AI firms in the wake of the deal, which has been largely completed
1 day ago
End of an era – Fed’s Powell set to oversee final policy meeting by keeping rates steady
His successor Kevin Warsh is viewed as more responsive to the Trump administration
1 day ago
Renewables hot in Europe as Iran war drives up power prices
Gas-dependent nations such as Italy and Germany are experiencing sharper wholesale price volatility
1 day ago
Citi names top developer picks as mass-market property launches in Singapore see solid take-up
Deon Loke - Strong sales momentum in primary residential market ‘bodes well’ for CDL and UOL, says brokerage
1 day ago
Citi names top developer picks as mass-market property launches see solid take-up
Deon Loke - Strong sales momentum in primary residential market ‘bodes well’ for CDL and UOL, says brokerage
1 day ago
EU broadcasters say Digital Fairness Act should target Big Tech, not them
BRUSSELS, April 27 : Europe’s biggest broadcasters and media groups warned EU regulators that a planned law to curb unfair digital practices should target Big Tech, not publishers and broadcasters already heavily regulated, citing risks to media business models and pluralism.The stance reflects co ...
1 day ago
India's MobiKwik gets central bank nod for non-banking financial company licence
BENGALURU, April 27 : India's MobiKwik Group has received an approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence, One MobiKwik Systems said on Monday.
1 day ago
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
The Middle East conflict has meant increased freight costs for food exporters
1 day ago
Dollar dips as traders eye US-Iran talks, central banks
April 27 : The U.S. dollar fell slightly on Monday as wavering hopes of a deal to end the Middle East war left investors on edge ahead of a slate of central bank meetings later this week.The Japanese yen was pinned just beneath the crucial 160 level ahead of the Bank of Japan's policy decision ...
1 day ago
Dollar steady as traders eye US-Iran talks, central banks
April 27 : The U.S. dollar was steady on Monday as wavering hopes of a deal to end the Middle East war left investors on edge ahead of a slate of central bank meetings later this week.The Japanese yen was pinned just beneath the crucial 160 level ahead of the Bank of Japan's policy decision lat ...
1 day ago
Dollar slips as US-Iran talks stall, traders eye Powell's final Fed meeting
NEW YORK, April 27 : The U.S. dollar fell against major currencies on Monday as investors weighed a diplomatic impasse in U.S.-Iran negotiations and braced for a week packed with central bank decisions, including what is expected to be Federal Reserve Chair Jerome Powell’s final meeting at the hel ...
1 day ago
Qingjian venture markets Hudson Place Residences in one-north from over S$2,200 psf
Chong Xin Wei - The development has 327 units and retail space spanning 400 sq m
1 day ago
Nissan raises fiscal 2025 operating profit forecast
TOKYO, April 27 : Nissan Motor on Monday said it expects to post an operating profit of 50 billion yen ($313.99 million) for the fiscal year that ended in March, a turnaround from a previous forecast of a loss of 60 billion yen.The Japanese automaker said the change was driven by a one-time benefit ...