1 day ago
Lufthansa to remove 20,000 summer flights to save on fuel costs
The first 120 cancellations began on Tuesday
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Asia Piling Co named for hitting fibre optic cables that led to 20-hour broadband disruption
The company is involved in many public and commercial projects here
1 day ago
Two in three Singapore firms ‘moderately to severely’ hit by Iran war: SBF
Shikhar Gupta - Rising energy and logistics costs affect operations and demand, even as companies attempt to actively manage costs and shift strategies
1 day ago
Singapore invites proposals on autonomous shipping, kicks off maritime startup competition
Derryn Wong - The move for suggestions is part of the Republic’s efforts to adopt autonomous technologies in maritime operations
1 day ago
Los Angeles schools set limits on classroom screen time
April 21 : Los Angeles' school board on Tuesday passed a measure regulating students’ screen time during classroom assignments, reflecting concerns that technology could be linked to a host of ailments including obesity and depression.The school board of the nation's second-largest schoo ...
1 day ago
Vietnam's Vingroup chairman says EV unit Vinfast to break even in 2027
HANOI, April 22 : Vietnamese electric vehicle maker VinFast will break even next year, the chairman of its parent Vingroup said on Wednesday, confirming a Reuters report early this month. Vinfast is expected to deliver 300,000 EVs this year, according to a Vingroup document.
1 day ago
Japan exports rise for seventh month as AI demand blunts Mideast risks for now
TOKYO: Japan's exports rose for a seventh straight month led by demand tied to artificial intelligence that has for now blunted the impact of trade disruptions caused by the Middle East conflict, government data showed on Wednesday (Apr 22)."Overall trade continued to be driven by demand f ...
1 day ago
What’s behind the Singdollar’s strength amid the Iran war – and how long will it last?
Shikhar Gupta - Currency’s resilience can last as long as MAS policy is tightened and geopolitics stay ‘uncertain enough to keep demand for lower-beta Asian...
1 day ago
Japan finance minister to meet banks to discuss Mythos AI model, Bloomberg News reports
April 21 : Japan's Finance Minister Satsuki Katayama plans to meet the country's biggest banks and other financial institutions as early as this week to discuss Anthropic PBC's latest AI model Mythos, Bloomberg News reported on Tuesday citing people familiar with the matter. Katayama ...
1 day ago
Japan's financial watchdog to meet top banks to discuss Mythos AI model
TOKYO, April 22 : Japan's financial watchdog will meet with the country's biggest lenders on Friday to discuss issues related to Anthropic's advanced Mythos artificial intelligence model, Finance Minister Satsuki Katayama said on Wednesday.The meeting, set up by the Financial Services ...
1 day ago
Stocks gain, dollar wobbles as Trump extends Iran ceasefire
SINGAPORE: US stock futures rose and the dollar wavered on Wednesday (Apr 22) after President Donald Trump said he would indefinitely extend the Iran ceasefire keeping sentiment buoyed although with t
1 day ago
Stocks rise, oil near US$100 as Trump extends Iran ceasefire
SINGAPORE: US stock futures rose and the dollar wavered on Wednesday (Apr 22) after President Donald Trump said he would indefinitely extend the Iran ceasefire, keeping sentiment buoyed, although with
1 day ago
Nam Cheong’s rally ‘still has further legs’: DBS
Lin Daoyi - Days after announcing that it has pared debt, Mainboard-listed Nam Cheong has followed that with another piece of news which investors will presumably find favourable. On April 21, the Sarawakian-based shipyard announced that it is selling its first newbuild vessel in over a decade as well as an old ...
1 day ago
This week at SpaceX: AI bets, losses and push for control as mega IPO looms
April 21 : Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history.The rocket and satellite company disclosed an option to acquire AI coding startup Cursor for $60 billion, outlined plans that would entrench perma ...
1 day ago
DBS keeps Hong Leong Asia at 'buy' and $3.90 after $90.7 mil acquisition of household shelter maker Yong Tai Loong
The Edge Singapore - Dale Lai of DBS Group Research has kept his "buy" call and $3.90 target price on Hong Leong Asia after its $90.7 million all-cash acquisition of privately-held Yong Tai Loong, which builds bomb shelters, letter boxes, door frames, clothes racks and other residential fittings. The acquisiti ...
1 day ago
Prudential extends Japan life sales pause, pulls growth target
The sales pause will continue till Nov 5
1 day ago
US transportation secretary seeks US$10 billion for air traffic control overhaul
[WASHINGTON] US Transportation Secretary Sean Duffy said he was seeking US$10 billion from Congress for the next phase of a massive effort...
1 day ago
Apple’s Tim Cook takes on crucial new role: global ambassador
The executive chairman will tread a thin line between Washington and Beijing as the world’s two largest economies vie for supremacy
1 day ago
DBS maintains 'buy' and US$5 target price on DFI following 'strong start' to FY2026
The Edge Singapore - Chee Zheng Feng of DBS Group Research has kept his "buy" call and US$5 target price on DFI Retail Group after the retailer announced what he calls a "strong start" for the year. In its 1QFY2026 ended March, DFI reported that underlying profit from continuing business grew by 49% ...
1 day ago
Deutsche Telekom weighs full combination with T-Mobile
Any transaction may face significant obstacles, including the need for political support in Berlin and Washington
1 day ago
Dollar around one-week highs on doubts about Iran war ceasefire
TOKYO, April 22 : The dollar was steady and briefly hit a one-week high in Asian trade on Wednesday, as scepticism about U.S. President Donald Trump's announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven currency.It was also boosted by U.S. Federal R ...
1 day ago
Dollar at week high as markets raise doubts over Iran ceasefire
TOKYO, April 22 : The dollar steadied in early Asian trade on Wednesday, as skepticism over U.S. President Donald Trump's announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven currency, pushing it to a one-week high.On the policy front, Federal Reserv ...
1 day ago
Dollar steady as markets navigate Iran ceasefire uncertainty
LONDON/TOKYO, April 22 : The dollar was steady though it traded near a one-week high on Wednesday, as uncertainty over the conflict in the Middle East appeared to persist even after U.S. President Donald Trump extended indefinitely a ceasefire with Iran. Following Trump’s announcement, it was not ...
1 day ago
Stocks to watch: DFI Retail, Bumitama Agri, Keppel Infrastructure Trust, Hong Leong Asia, OUE Reit
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 22):
1 day ago
Bumitama Agri ‘net positive’ on oil hikes as palm oil prices move in tandem with crude
Shikhar Gupta - Palm oil is a key feedstock in biofuel, whose demand tends to rise when crude oil prices surge
1 day ago
South Korea producer prices rise in March at fastest in more than 3 years
SEOUL, April 22 : South Korea's producer prices rose in March at the sharpest pace in more than three years on a surge in oil prices sparked by the Middle East conflict, central bank data showed on Wednesday. The Bank of Korea's producer price index rose 4.1 per cent in March from a year e ...
1 day ago
Tiny Pacific nations face tough choices on food, fuel posed by Iran war
[WELLINGTON] Far-flung Pacific nations are reeling from the impact of a global fuel crisis as authorities scramble to manage energy supplies while...
1 day ago
From Thai jasmine rice to salmon: Singapore could see tighter supply of some foods amid Iran war
Therese Soh - Singapore Food Agency says diversified sources, stockpiling will mitigate disruptions
1 day ago
Australia asks Roblox, Minecraft to detail child safety measures
SYDNEY, April 22 : Australia's internet regulator on Wednesday asked online gaming platforms including Roblox and Microsoft's Minecraft to spell out how they were protecting children from grooming by sexual predators and youth from radicalisation.The eSafety regulator said it had issued le ...
1 day ago
MUFG Bank seeks more acquisitions after 396 billion rupee India deal
Japanese banks have been reaping record profits as rising domestic interest rates bolster lending income
1 day ago
China’s CATL debuts EV battery with speedy six-minute recharge
The breakthrough appears to exceed a nine-minute EV battery charge touted just last month by BYD
1 day ago
Vodafone offers small businesses cybersecurity, AI capability with Google tie-up
LONDON, April 22 : European mobile and broadband operator Vodafone said it would offer its small business customers advanced cybersecurity and agentic AI through its $1 billion strategic tie-up with Google Cloud agreed in October 2024.The security product will be a managed detection and response ser ...
1 day ago
New CPF life-cycle investment scheme could channel up to S$9 billion a year into Singapore stocks: Citi
Therese Soh - It could provide ‘sufficient recurring liquidity inflow’ into local equities beyond the EQDP’s conclusion
1 day ago
New CPF life-cycle investment scheme could channel S$6-S$9 billion a year into Singapore stocks: Citi
Therese Soh - As much as S$9 billion in annual liquidity could flow into Singapore equities under the new scheme, the bank says