1 day ago
China Resources New Energy shares triple on debut after Asia’s biggest IPO of 2026
The strong start for the renewable power operator offers a confidence boost for issuers and investors
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Serenity Park condo owners lower asking price to S$440 million in second shot at collective sale
Ry-Anne Lim - This is around 13% lower than the S$505 million guide price marketed earlier this year
1 day ago
OpenAI proposes handing Trump administration 5% stake, FT reports
July 2 : OpenAI has discussed giving a 5 per cent stake to the U.S. government, the Financial Times reported on Thursday.The proposed arrangement would involve other U.S. AI companies handing over a similar stake to the government, the report said, adding that it was not clear if the other AI firms ...
1 day ago
US regulator probes US$100 million insider trading linked to Chinese brokerages Futu, Tiger Brokers: sources
Traders bought US options in Chinese brokerages right before a May 22 crackdown
1 day ago
Japan likely reaped record tax revenues last year, sources say
TOKYO, July 2 : Japan's tax revenue likely exceeded 84 trillion yen ($516.92 billion) in fiscal 2025 to hit a record for the sixth straight year, two government sources said on Thursday.The increase may help Prime Minister Sanae Takaichi's administration reduce its reliance on fresh debt i ...
1 day ago
BYD set to overtake Tesla again in fully electric car sales
The carmaker’s shares rise 8.4% on Thursday, its biggest intraday gain since February 2025
1 day ago
Maybank trims 2026 STI target to 5,500, says weak IPO debuts could dampen market
Shikhar Gupta - Still, its head of research asserts that the core re-rating thesis for Singapore stocks is intact
1 day ago
Chanel vs Dior: Why luxury’s two biggest reboots are under scrutiny
Matthieu Blazy has sparked immediate demand at Chanel, while Jonathan Anderson is taking a longer view at Dior. In a tougher luxury market, both houses are fighting harder for growth.
1 day ago
Exclusive-Japan shifts to ambush intervention tactics against yen short sellers, sources say
TOKYO, July 2 : Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen, two sources familiar with the matter said.Departing from the calibrated jawboni ...
1 day ago
SoftBank's LY, Bain raise Kakaku bid again with $4.1 billion valuation
TOKYO, July 2 : SoftBank's LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening the gap over a rival offer from Sweden's EQT.In the legally binding offer unveiled late on ...
1 day ago
SoftBank's LY, Bain raise Kakaku bid again, widen lead over rival EQT offer
TOKYO, July 2 : SoftBank's LY Corp and Bain Capital have raised their bid for Kakaku.com again, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening their lead over a rival offer from Sweden's EQT.In the legally binding offer announced late ...
1 day ago
Asian shares fall as chipmakers drag; US jobs data looms
SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude off 0.8 per c ...
1 day ago
Grab completes US$425 million acquisition of US-based Stash Financial
Shikhar Gupta - It plans to eventually introduce Stash’s investing solutions, including an AI Money Coach, in South-east Asia
2 days ago
DBS seen to benefit from China’s tighter grip on wealth flows: report
Singapore’s more diversified, offshore, and policy-supported model looks cleaner, leaving its banks best-positioned to benefit
2 days ago
El Nino may pile pressure on Asean food prices as dry weather meets fuel and fertiliser shock
Evan See - Rice and palm oil prices could spike in a ‘Godzilla’ El Nino, with poultry and livestock prices also at risk
2 days ago
Japan records leap in currency-driven bankruptcies triggered by yen weakness
45 firms fail in the first half of 2026, 30% up from a year earlier
2 days ago
SK Hynix to spend $64 billion on memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju out ...
2 days ago
SK Hynix to spend $64 billion on flash memory chip plants under broader AI investment plan
SEOUL, July 2 : SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul. The projects in the central city of Cheongju out ...
2 days ago
SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan
SEOUL, July 2 : SK Hynix said on Thursday it planned to invest 100 trillion won ($64.38 billion) to build new NAND memory chip and packaging factories as part of a massive investment programme aimed at addressing a shortage driven by the AI boom.The projects in the country's central city of Che ...
2 days ago
SK Hynix to build $51 billion NAND memory chip factory by 2029
SEOUL, July 2 : SK Hynix said on Thursday that it plans to invest 80 trillion won ($51.46 billion) to build a new factory for NAND memory chip production by 2029 to address a shortage driven by the AI boom. SK Hynix plans to start construction of the new fab, called M17, in the South Korean city of ...
2 days ago
Ever Glory United to pursue dual listing in Hong Kong
Felicia Tan - Ever Glory United Holdings announced, on July 1, that it intends to pursue a dual primary listing of its shares on the Main Board of The Stock Exchange of Hong Kong (SEHK). According to the company, which recently transferred to the Singapore Exchange’s (SGX) Mainboard on Dec 29, 2025, says it wou ...
2 days ago
Singapore High Court interprets vital term of Competition Act in case of price-fixing by warehouse operators
Tay Peck Gek - ‘By object’ under section 34 of the Act refers to conduct that has ‘manifest anti-competitive economic rationale’
2 days ago
High Court interprets vital term of Competition Act in case of price-fixing by warehouse operators
Tay Peck Gek - ‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’
2 days ago
High Court interprets vital term of Competition Act on market rivalry restriction
Tay Peck Gek - ‘By object’ under section 34 of the act refers to conduct that has ‘manifest anti-competitive economic rationale’
2 days ago
Asian shares fall on chip sell-off as Kospi sinks 4.8%; SK Hynix, Samsung shares tumble
Investor attention is on US jobs data due on Thursday
2 days ago
SK Hynix, Samsung down over 8% as Asian stocks fall on Korean chip sell-off
South Korea’s Kospi falls almost 6%, dragging the MSCI Asia Pacific Index down 1.2%
2 days ago
Asian stocks fall on Korean chip sell-off, oil dips; SK Hynix, Samsung down 8%
South Korea’s Kospi falls almost 6%, dragging the MSCI Asia Pacific Index down 1.2%
2 days ago
Asian stocks drop after US chip sell-off, oil falls
South Korean stocks fall over 5%, pulling the MSCI Asia Pacific Index down 0.9%
2 days ago
Oil falls for a third straight day after US, Iran conclude talks in Doha
July 2 : Oil prices fell for a third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz.Brent futures were 66 cents or 0.92 per cent lower at $70.91 a barrel at 0758 GMT, while U.S. West Texas ...
2 days ago
Oil falls after US, Iran talks conclude in Doha
BEIJING, July 2 : Oil prices dropped in early trade on Thursday after Qatar said Iran and the U.S. had made "positive progress" in indirect talks that concluded on Wednesday, focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war.Brent futures were dow ...
2 days ago
Dollar steady ahead of US payrolls, yen intervention jitters persist
TOKYO, July 2 : The dollar held tight ranges on Thursday as markets awaited key U.S. jobs data for clues on the rates outlook, while the yen's slide to 40-year lows against the greenback and thin trade ahead of a U.S. holiday kept traders on high alert for intervention.The dollar index, which m ...
2 days ago
Dollar steady as focus turns to US payrolls, yen intervention jitters persist
TOKYO, July 2 : The dollar held steady on Thursday as markets awaited key U.S. non-farm payrolls data, while the yen's slide to 40-year lows against the greenback and thin trading ahead of a U.S. holiday kept traders on high alert for intervention.The dollar index, which measures the greenback ...
2 days ago
SP Group completes acquisition of EV charge point operator ChargEco
Derryn Wong - The national power company now has Singapore’s biggest electric vehicle charging network
2 days ago
Taiwan detains Super Micro workers in China smuggling probe
Four of the firms’ staff are being investigated for falsifying documents and breach of trust