3 days 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
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days 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 ...
3 days 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 ...
3 days ago
Cloudflare cuts workforce by 20% in ‘AI-first’ restructuring
The company is cutting more than 1,100 jobs
3 days ago
Airbnb boosts annual sales outlook while spending picks up
The company’s optimistic outlook suggests that global travel demand will remain healthy
3 days 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 ...
3 days 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 ...
3 days 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
3 days 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
3 days 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
3 days 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 ...
3 days 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
3 days 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
3 days 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
3 days 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.
3 days 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...
3 days 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.
3 days 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
3 days 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 ...
3 days 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?
3 days 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
3 days ago
European shares pull back as Middle East peace prospects assessed
Teheran is reviewing a proposal that would stop the fighting
3 days ago
Motorola Solutions raises annual forecasts on robust demand
May 7 : Motorola Solutions on Thursday raised its full-year revenue and profit forecasts, driven by strong demand for its critical communications equipment and video security systems. The company has benefited from robust demand from public safety agencies and commercial enterprises looking to upgra ...
3 days ago
Responsible forward-looking disclosures
Investors expect not only financial information but also transparent insight into companies’ strategic direction, risk exposure and future prospects
3 days ago
Cloudflare to cut about 20% workforce as AI adoption reshapes operations
May 7 : Cloudflare said on Thursday it would cut about 20 per cent of its workforce as the company restructures operations around the rapid adoption of artificial intelligence tools, and forecast second-quarter revenue slightly below Wall Street expectations.The internet infrastructure and cybersecu ...
3 days ago
Cloudflare cuts workforce by 20% in 'AI-first' restructuring
May 7 : Cloudflare said on Thursday it would lay off about 20 per cent of its workforce as part of a shift toward an "agentic AI-first operating model," as the internet services company restructures around artificial intelligence.Shares of Cloudflare fell 14 per cent in extended trading, d ...
3 days ago
Cloudflare to cut 20% jobs, quarterly revenue forecast falls short
May 7 : Cloud services firm Cloudflare forecast quarterly revenue below estimates on Thursday, and said it is laying off about 20 per cent, or more than 1,100, employees globally.Shares of the company fell more than 13 per cent in extended trading.The company expects second-quarter revenue between $ ...
3 days ago
Microchip Tech forecasts quarterly revenue above estimates on strong chip demand
May 7 : Microchip Technology forecast first-quarter revenue above estimates on Thursday, betting on strong demand for its chips used in industrial and automotive sectors.Shares of the Chandler, Arizona-based company rose more than 2 per cent in extended trading.The company has benefited from a cycli ...
3 days ago
Apple, Meta warn Canadian bill could force them to weaken encryption
SAN FRANCISCO, May 7 : Apple and Meta have publicly opposed a Canadian bill that the companies say could require them to break the encryption of their devices and services if passed.Bill C-22 was proposed by Canada's ruling Liberal Party, which gained a parliamentary majority last month and is ...
3 days ago
Apple warns Canadian bill could force it to weaken device encryption Â
SAN FRANCISCO, May 7 : Apple has publicly opposed a Canadian bill that the company says could require it to break the encryption of its devices if passed.Bill C-22 was proposed by Canada's ruling Liberal Party, which gained a parliamentary majority last month and is currently being debated in t ...
3 days ago
Block raises annual gross profit outlook as Cash App stands out
May 7 : Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses.The Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared with its previo ...
3 days ago
Block raises annual gross profit outlook on consumer spending strength
May 7 : Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses.The Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared with its previo ...
3 days ago
CoreWeave signals higher capex as component costs rise, shares fall
May 7 : CoreWeave Inc raised the lower end of its annual capital expenditure forecast on Thursday, citing a rise in the prices of components, sending the cloud infrastructure technology's shares down more than 9 per cent in extended trading.Demand for services from the so-called neoclouds, such ...
3 days ago
CoreWeave tops revenue estimates as AI boom supercharges cloud demand
May 7 : CoreWeave Inc beat analysts' estimates for quarterly revenue on Thursday, as the specialized cloud provider tapped into strong demand for its high-performance computing services used to train and deploy artificial intelligence models.The company's shares were flat in volatile exten ...