Chipmakers put pressure on equity indexes globally, oil dips
NEW YORK/LONDON, July 16 : Equity indexes around the world fell on Thursday as investors offloaded heavy-weight chip stocks while the U.S. dollar and Treasury yields rose after the latest economic releases and as the Middle East war intensified.Chip stocks fell from Asia to the U.S., as higher-than- ...
Chipmakers put pressure on equity indexes globally, oil edges down
NEW YORK/LONDON, July 16 : Tech-heavy equity indexes around the world fell on Thursday as investors offloaded chip stocks, while oil futures gave up earlier gains even as the U.S. and Iran stepped up attacks.Chip stocks fell from Asia to the U.S., as higher-than-expected 77 per cent earnings growth ...
Chipmakers chip away at stocks, oil hovers at $85
LONDON, July 16 : European stocks and Wall Street futures edged lower on Thursday following more tech troubles in Asia, while benign U.S. inflation data helped keep the dollar and government bond yields under control and the Iran war propped up oil prices.Stellar results from Taiwanese chip giant TS ...
Chipmakers weigh on stocks, oil edges higher
LONDON/SYDNEY, July 16 : European markets edged lower on Thursday following more overnight volatility in Asia’s tech-dominated indexes, while benign U.S. inflation data helped keep the dollar and government bond yields under control, as the U.S.-Israeli war on Iran nudged oil prices up again.Despi ...
Zabka hits record high after report Seven & i nears stake purchase
TOKYO, July 16 : Japanese retail giant Seven & i Holdings is in the final stages of talks to take a stake in Polish convenience store operator Zabka Group, the Nikkei business daily reported on Thursday, sending Zabka's shares to a new all-time high.Seven & I is considering acquiring Za ...
Seven & i near deal to invest in Poland's Zabka, Nikkei says
TOKYO, July 16 : Japanese retail giant Seven & i Holdings is in the final stages of talks to take a stake in Polish convenience store operator Zabka Group, the Nikkei business daily reported on Thursday.Seven & i is considering acquiring Zabka shares held by investment funds, and the size of ...
Property developers need targeted approach to tap family office capital: PwC
Jeanne Mah - Private wealth is drawn to Singapore’s stability, though the Republic is too small to keep it all
Fewer vessels travel through Hormuz after US resumes blockade
Kpler data shows nine vessels crossing the strait on Jul 15, down from 13 the previous day
Indonesia kick-starts long-delayed US$21 billion Abadi Masela LNG project
Elisa Valenta - It is expected to start production in 2029 or 2030, and will be one of the country’s largest gas projects
Indonesia kickstarts long-delayed US$21 billion Abadi Masela LNG project
Elisa Valenta - It is expected to start production in 2029 or 2030, and will be one of the country’s largest gas projects
KGI Securities initiates ‘outperform’ call on The Hour Glass with $3.94 target
Lin Daoyi - Whilst AI and energy has been the dominant investment theme over the past year, with local banks and other large caps being the focus of attention in Singapore for local market watchers, the share price of luxury watch retailer The Hour Glass, has been on a quiet upward trend, gaining roughly 35% fo ...
No liability exemption for Google in Italian YouTube spat, EU court says
BRUSSELS, July 16 : Alphabet unit Google is not immune from liability for videos uploaded to YouTube by commercial partners, Europe's top court said on Thursday, a ruling which could put social media networks on the hook for uploaded content not managed by them.The case before the Luxembourg-ba ...
Google loses court fight against $854,250 Italian fine over gambling advertising
BRUSSELS, July 16 : Alphabet unit Google on Thursday lost its fight against a €750,000 ($854,250) fine imposed for gambling advertising on its YouTube video platform four years ago as Europe's top court sided with Italy's communication authority.Google had challenged the fine handed out ...
EU court upholds Google's $854,250 Italian fine over gambling advertising
BRUSSELS, July 16 : Europe's top court on Thursday sided with Italy's communication authority which fined Alphabet unit Google €750,000 ($854,250) four years ago over gambling advertising on its YouTube video platform."Google may be held liable for the YouTube videos of a content cr ...
Iran war leaves crisis-weary European airlines ready for a shake-out
Renewed Middle East volatility has raised fresh doubts over whether weaker carriers can generate enough cash during the summer to survive the...
Iran war leaves crisis-weary European airlines ready for a shakeout
[LONDON] As renewed conflict in the Gulf drives up oil prices, airline investors and industry executives see mounting signs that Europe’s financially...
Eastspring launches actively managed Asia Technology Innovation Fund to tap region's tech innovators
Lynnette Tania Lee - Eastspring Investments has launched an actively managed fund targeting Asia’s next hardware generation of technology leaders. It is a wager that the region’s chipmakers, hardware suppliers and infrastructure providers, rather than the familiar global names, will drive the next wave of AI and dig ...
South Korea toughens regulations on single-stock leveraged ETFs
SEOUL, July 16 : South Korea's financial regulator on Thursday unveiled a series of regulatory measures aimed at easing market volatility triggered by exchange-traded funds (ETFs) that are tied to certain major technology firms. So-called single-stock, leveraged ETFs linked to chipmakers Samsun ...
Australia to boost scrutiny of Big Four accounting firms after wave of scandals
Breaking up the Big Four firms is one option under consideration
Foundation Healthcare: Raise, execute, return, scale!
Geoff Howie - Foundation Healthcare was established against the backdrop of rising healthcare costs, an ageing population and increasing demand for specialist-led care. Recognising the need for a more connected, efficient, and sustainable healthcare system, the group seeks to reduce inefficiencies across the pati ...
UK regulator to probe TikTok on child safety measures
July 16 : Britain's media regulator on Thursday launched a probe into TikTok to understand whether its UK unit failed or is failing to protect children from harmful content. The probe comes a month after the government imposed a blanket ban on social media for users under the age of 16 and impo ...
Macquarie upgrades STI 12-month target to 6,000, names its top picks
Deon Loke - These include UOB, OCBC and Jardine Matheson
Macquarie upgrades STI 12-month target to 6,000, giving its top picks
Deon Loke - Macquarie highlights its top picks across large-caps and SMIDs
Asian LNG prices hit highest since March as US-Iran hostilities disrupt Hormuz shipping
A prolonged disruption would keep LNG supplies tight, particularly for Asia, where buyers rely heavily on Qatari cargoes
Lum Chang Creations expects to report 'significant' increase in FY2026 earnings
The Edge Singapore - Lum Chang Creations, which is poised to transfer its listing to the Mainboard, expects to report "a significant increase" for its FY2026 earnings ended June over the preceding year. "The expected improvement in the group's financial performance is mainly attributable to improved ...
Airbus picks Iliad's Scaleway for AI, defence work in sovereignty push
July 16 : Airbus said on Thursday it had signed a multi-year agreement with Iliad-owned Scaleway to provide cloud infrastructure for sensitive industrial and defence applications, supporting the deployment of AI tools developed with French startup Mistral.The European planemaker said Scaleway would ...
Coal dominance, fiscal constraints to temper South-east Asia’s clean energy boom
Sharanya Pillai - But there is also interest in ‘coal flexibility’ schemes, where coal plants complement renewable sources
Japan household inflation expectations rise, build case for BOJ rate hikes
TOKYO, July 16 : Japanese households' inflation expectations crept up and the ratio of those expecting prices to rise a year from now hit a record high, a quarterly central bank survey showed on Thursday, bolstering the case for further interest rate hikes.The survey, which followed a separate ...
More Japanese households see prices rising, BOJ survey shows
TOKYO, July 16 : Over 90 per cent of Japanese households expect prices to rise a year from now, a central bank survey showed on Thursday, higher than three months ago in a sign of broadening inflationary pressure that could heighten the case for further interest rate hikes.The survey will be among f ...
Quiet market, low offers: MLT defends slow pace of S$1 billion divestment plan
Shikhar Gupta - Investors want the Reit to cut losses and accelerate exits in China, but its manager says it will not panic sell
Quiet market, low offers: Mapletree Logistics Trust defends slow pace of S$1 billion divestment plan
Shikhar Gupta - Investors want the Reit to cut losses and accelerate exits in China, but its manager says it will not panic sell
Syngenta's $5 billion HK IPO pushed back amid agriculture sector uncertainty, Bloomberg News reports
July 16 : Swiss agricultural chemicals and seeds company Syngenta's planned $5 billion Hong Kong IPO is facing delays as the company awaits better conditions in the sector, Bloomberg News reported on Thursday, citing people familiar with the matter.A listing in 2027 is now seen as the more like ...
JP Morgan report on banks dampens buying fervour
The Edge Singapore - In a report dated July 16, JP Morgan dampened animal spirits for the local banks. It is recommending that investors trim OCBC and UOB “into numbers”. It is particularly negative on UOB. Both banks announce 2Q2026 results on Aug 7. On the other had, the US bank expects “relative resilience” f ...
Banks' positives are known and likely discounted, JP Morgan says
The Edge Singapore - In a report dated July 16, JP Morgan dampened animal spirits for the local banks. It is recommending that investors trim OCBC and UOB “into numbers”. It is particularly negative on UOB. Both banks announce 2Q2026 results on Aug 7. On the other had, the US bank expects “relative resilience” f ...
