2 days ago
US dollar near one-month low as concerns over oil prices remain subdued
[LONDON] The US dollar hovered near its one-month low on Thursday (Jul 16) as investors weighed subdued US inflation data, which dampened...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Analysts positive on FCT’s potential award to build ‘next suburban retail landmark’ at Bayshore
Jovi Ho - Analysts are positive on Frasers Centrepoint Trust’s (FCT) potential involvement in building the “next suburban retail landmark” at Bayshore, after a Frasers Property-led consortium submitted the highest bid of $2.13 billion in a tender that closed on July 15. The 99-year leasehold Bayshore Dr ...
2 days ago
Geo Energy announces operational launch of MBJ Integrated Infrastructure
Teo Zheng Long - Coal miner Geo Energy Resources (SGX: RE4 ) announced that the MBJ Integrated Infrastructure has begun operational on July 16, with the first loading operation from PT Triaryani (TRA) coal mine of around 50,000 tonnes of shipment valued at around US$3.2 million ($4.1 million). Geo Energy expects thi ...
2 days ago
Google required to open up to AI, search engine rivals under EU-mandated changes
BRUSSELS, July 16 : Alphabet's Google will have to help OpenAI and other AI rivals as well as online search engine competitors access its services to comply with EU rules curbing the power of Big Tech, EU regulators said as they set out the details of the requirements.The move by the European C ...
2 days ago
Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets
July 16 : Snowflake on Thursday unveiled a compensation package worth up to roughly $448 million for CEO Sridhar Ramaswamy, hinging on the cloud-based data analytics platform's market value almost doubling to $184 billion in seven years.Ramaswamy's award, totaling 1 million shares, is stru ...
2 days ago
CXMT'S Shanghai IPO more than 200 times oversubscribed by retail investors
BEIJING, July 16 : Chinese chipmaker CXMT's Shanghai STAR Market IPO was more than 200 times oversubscribed by retail investors, according to an exchange filing on the share offering.The final lot-winning rate in the so-called "online tranche" of the offering - mainly for retail inves ...
2 days ago
Lazada, Shopee double down on affiliate marketing to compete with TikTok Shop in South-east Asia
Benjamin Cher - This is also as the e-commerce industry matures, shifting away from a race for scale
2 days ago
US probes Samsung for alleged infringement of Netlist's memory-chip patents
July 16 : U.S. trade regulators have launched a probe into Samsung Electronics' memory chips and products sold by Google, Nvidia, Broadcom and Super Micro Computer that use them after a complaint by Netlist alleging infringement of its patents.California-based Netlist has accused Samsung and it ...
2 days ago
Singapore stocks fall amid mixed regional showing; STI down 0.4%
Hongkong Land leads the gainers on the blue-chip index
2 days ago
India's Tech Mahindra tops quarterly revenue views on manufacturing segment growth
BENGALURU, July 16 : Indian software services provider Tech Mahindra's first-quarter revenue beat expectations on Thursday, with growth in the firm's manufacturing segment and a weak rupee helping the topline.Revenue at India's fifth-largest IT firm rose 17.7 per cent year-on-year to ...
2 days ago
India's Tech Mahindra beats quarterly revenue estimate
BENGALURU, July 16 : Indian software services provider Tech Mahindra reported larger-than-expected first-quarter revenue on Thursday, aided by its communications and manufacturing segments and a weak rupee.Revenue at India's fifth-largest IT firm rose 17.7 per cent year-on-year to 157.12 billio ...
2 days ago
India's Wipro lags peers after earnings miss, weak forecast
BENGALURU, July 16 : Wipro missed quarterly earnings estimates and forecast a weak recovery, raising fresh concerns about the Indian IT firm losing ground to rivals as demand in its key Americas market softens.After Thursday's news, its U.S.-listed shares fell as much as 2.2 per cent in pre-mar ...
2 days ago
India's Wipro misses first-quarter revenue view
BENGALURU, July 16 : India's No.4 software services provider Wipro posted lower-than-expected first-quarter revenue on Thursday, with clients holding back non-essential tech spending as geopolitical uncertainty and AI-led disruption weighed on the sector. Consolidated revenue in the three month ...
2 days ago
Singapore has no choice but to double down on trusted-hub status amid US-China friction: NUS dean
Jean Low - NUS professor Joseph Liow notes that the Manus episode reflects the wider geopolitical pressures facing S-E Asia
2 days ago
Google loses court fight against US$854,250 Italian fine over gambling advertising
Europe’s top court sided with Italy’s communication authority
2 days ago
PC Partner likely to double 1HFY2026 earnings
The Edge Singapore - PC Partner Group expects to report earnings of "not less than" HK$500 million for the half year ended June, which will be double that of HK$250.4 million recorded in the year-earlier period. The company attributes the better showing to higher prices it managed to fetch for its branded prod ...
2 days ago
China’s advanced manufacturing sector set to benefit from AI up-cycle: Bank of Singapore
Young Zhan Heng - Lender expects ‘robust’ growth in AI-related spending to boost electrical machinery and equipment industry
2 days ago
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- ...
2 days ago
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 ...
2 days ago
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 ...
2 days ago
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 ...
2 days ago
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 ...
2 days ago
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 ...
2 days ago
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
2 days ago
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
2 days ago
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
2 days ago
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
2 days ago
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 ...
2 days ago
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 ...
2 days ago
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 ...
2 days ago
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 ...
2 days ago
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...
2 days ago
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...
2 days ago
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 ...