Business Headlines & Singapore Stock Market News

24 hours ago

ECB rate hike in June is ‘all but inevitable,’ Kazimir says

Markets see two more moves this year

24 hours ago

WEX board deal ends bitter proxy battle with activist Impactive

NEW YORK, May 4 : Payment processing and information management services group WEX said on Monday it had reached a deal with Impactive Capital to add three board members and make other changes, ending a proxy battle hours before a shareholder vote.The late-night settlement, hours before shareholders ...

24 hours ago

Trump family crypto project countersues billionaire backer Sun for 'smear campaign'

May 4 : World Liberty Financial, the crypto venture co-founded by U.S. President Donald Trump and his sons, said on Monday it had filed a defamation lawsuit in Florida state court against Hong Kong-based crypto entrepreneur Justin Sun, as a dispute escalates between the project and one of its mos ...

24 hours ago

Trump family's crypto project sues billionaire backer Justin Sun

May 4 : World Liberty Financial, the crypto venture co-founded by U.S. President Donald Trump and his sons, said on Monday it had filed a defamation lawsuit against Hong Kong-based crypto entrepreneur Justin Sun, in the latest escalation of a dispute between the project and one of its most promin ...

24 hours ago

World Liberty Financial sues Justin Sun for defamation, alleges token misconduct

May 4 : World Liberty Financial said on Monday it had filed a lawsuit accusing crypto entrepreneur Justin Sun of defamation and saying he had engaged in prohibited token transfers, straw purchases and short sales while being aware of the company’s right to freeze user tokens.In April, Sun sued the ...

1 day ago

GameStop's $56 billion eBay bid raises financing doubts among investors

May 4 : GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay drew skepticism from investors and analysts on Monday, with shares in the online retailer trading much below the offer price.The nearly $12 billion video-game retailer, popular among meme-stock tra ...

1 day ago

GameStop's $56 billion eBay bid stokes investor doubts as shares lag offer

1 day ago

KIT announces proposed acquisition of 39% of Keppel Merlimau for $128.1 million

The Edge Singapore - Keppel Infrastructure Trust’s (KIT) trustee-manager has agreed to acquire Keppel Core Infrastructure Fund’s (KCIF) 39% stake in Keppel Merlimau Cogen Plant (KMC) for up to approximately $128.1 million. Post-transaction, KIT will hold 90% of KMC, with the remaining 10% retained by Keppel’s Infr ...

1 day ago

KIT announces proposed acquisition of 39% of Keppel Merlimau for $128.1 mil

1 day ago

OCBC to acquire HSBC Indonesia’s wealth, retail business, adding S$6.6 billion in AUM

Young Zhan Heng - This move follows OCBC’s 2024 purchase of Bank Commonwealth Indonesia and deepens its push into the country’s wealth segment

1 day ago

Asean’s biodiesel push fuels palm oil rally, but will SGX-listed players gain?

Benicia Tan - Higher crude palm oil prices support upstream plantation earnings, but could be a double-edged sword for integrated operators: analysts

1 day ago

Airlines tackle fuel cost surge with price hikes, outlook cuts

A SURGE in jet fuel prices from US$85-$90 to US$150-$200 per barrel amid the US-Israeli war on Iran has blindsided the aviation...

1 day ago

India explores steps to mobilise US dollar inflows as rupee slides, sources say

The currency is down by 5.5% in 2026, sliding to an all-time low of 95.33 per US dollar on Apr 30

1 day ago

Singapore stocks rise on Monday; STI edges up 0.2%

Jude Chan - Across the broader market, gainers beat losers 416 to 221, after 3.4 billion securities worth S$2.1 billion change hands

1 day ago

Singapore stocks rise on Monday; STI gains 0.2%

Jude Chan - Across the broader market, gainers beat losers 416 to 221, after 3.4 billion securities worth S$2.1 billion change hands

1 day ago

OCBC confirms acquisition of HSBC Indonesia for a premium of $480 million

The Edge Singapore - Oversea-Chinese Banking Corporation (OCBC) has announced that its Indonesia subsidiary, PT Bank OCBC NISP Tbk (OCBC Indonesia), has on May 4 entered into an agreement with PT Bank HSBC Indonesia (HSBC Indonesia) to acquire the assets and liabilities of its retail banking and wealth management operat ...

1 day ago

OCBC confirms acquisition of HSBC Indonesia for a premium of $480 mil

1 day ago

Blackstone vehicle aims to raise over $1.7 billion in US IPO to fund data center bet

May 4 : A newly minted Blackstone investment vehicle is aiming to raise slightly over $1.7 billion in an initial public offering in the United States to capitalize on booming demand in the data center sector.Blackstone Digital Infrastructure Trust, which will acquire newly built data centers, is off ...

1 day ago

Blackstone vehicle aims to raise over $1.7 billion in US IPO for data center bet

May 4 : A newly minted Blackstone investment vehicle is aiming to raise slightly over $1.7 billion in an initial public offering in the United States to bet on the red-hot data center industry.Blackstone Digital Infrastructure Trust, which will acquire newly constructed data centers, is offering 87. ...

1 day ago

US says it has missile destroyers in Gulf and two American ships have crossed Strait of Hormuz

Iran claims to have forced an American warship to turn back from the crucial waterway, though US Central Command denies a report...

1 day ago

Musk sought settlement with OpenAI before Oakland trial, filing shows

(Removes extraneous text in paragraph 3)May 4 : Elon Musk contacted OpenAI President Greg Brockman to gauge interest in a settlement two days before their high-stakes trial got underway in Oakland federal court, according to a new court filing.When Brockman suggested both sides drop their claims, Mu ...

1 day ago

Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million

[SINGAPORE] A former manager with DBS Bank has admitted to cheating seven victims, including his own uncle, of nearly S$1.4 million in total.

1 day ago

Cross-border taxi bookings start on Grab app; fares vary based on time of day, distance

[SINGAPORE] Grab’s users in Singapore are now able to book cross-border taxis from anywhere on the island to Johor through its app, although...

1 day ago

Balestier Regency up for fourth en bloc sale bid at S$255 million

Chong Xin Wei - The price tag is about 17% higher than the second attempt in 2018 when it was launched for sale at S$218 million

1 day ago

Indonesia’s fee cap threatens ride-hailing profits, clouds outlook for Grab, GoTo

Elisa Valenta - Analysts say the policy could dampen investor sentiment – just as ride-hailing firms are beginning to turn a profit

1 day ago

Global equity funds attract inflows for sixth week on earnings optimism

May 4 : Global equity funds drew inflows for a sixth straight week through April 29, as optimism over strong first-quarter earnings outweighed investor concerns about the Middle East conflict and higher oil prices. According to LSEG Lipper data, global equity funds attracted a net $18.91 billion dur ...

1 day ago

Amazon opens up logistics network to other businesses in challenge to UPS, FedEx

May 4 : Amazon.com said on Monday it would allow other businesses to store and ship goods ranging from raw materials to final products through its vast network, as the e-commerce giant moves to challenge a market long dominated by UPS and FedEx."Amazon Supply Chain Services" will allow com ...

1 day ago

Amazon opens up its logistics network to other businesses in growth push

May 4 : Amazon.com is opening the supply-chain network that has powered its operations for decades to other businesses, pitting it directly against logistics ‌heavyweights such as UPS and FedEx."Amazon Supply Chain Services" will allow companies across industries such as retail, healthca ...

1 day ago

Amazon opens up its logistics network to other businesses in new growth push

May 4 : Amazon.com is giving other businesses access to its supply chain network that has powered the e-commerce behemoth's operations for decades, pitting it directly against logistics heavyweights such as UPS and FedEx. The tech giant's "Amazon Supply Chain Services" will allow ...

1 day ago

Amazon opens up its logistics network to other businesses

May 4 : Amazon.com said on Monday it was rolling out "Amazon Supply Chain Services", opening up its logistics network for other businesses to use.The company said businesses of all types and sizes can now move, store and deliver everything from raw materials to final products using Amazon& ...

1 day ago

US SEC review delays first prediction-market ETFs

PROVIDENCE, Rhode Island, May 4 : More than two dozen exchange-traded funds tied to elections, recessions, tech layoffs and other real-world events are still awaiting U.S. regulatory clearance, as issuers race to package the booming prediction-market business into a product retail investors can trad ...

1 day ago

New Mexico seeks changes to Meta platforms in youth harm trial

May 4 : A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to make changes.The case, which will be tried before a judge i ...

1 day ago

As Formula One evolves, AI becomes part of the race

LONDON, May 4 : Artificial Intelligence’s integration into Liberty Media-owned Formula One and its 11 teams has been noticeable on- and off-track in the already highly tech-powered sport.Eight new AI partnerships were signed in the past six months alone, according to research firm Ampere Analysis. ...

1 day ago

MAS taps industry-wide data to develop scam detection via AI

Belle Neo - The Monetary Authority of Singapore (MAS) is working with partners including the Government Technology Agency of Singapore and the Singapore Police Force to deploy artificial intelligence and machine learning (AI/ML) tools in the fight against financial crime. The initiative centres on a Proof-of-Va ...

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers