3 days ago
MSCI downgrades Indonesia’s information flow criterion on transparency concerns
The downgrade reflected opacity in ownership data and market activity, says MSCI
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Japan's May core inflation stays below BOJ target, fuel-induced rise eyed
TOKYO, June 19 : Japan's annual core inflation stayed below the central bank's 2 per cent target for a fourth straight month in May, data showed on Friday, as fuel subsidies offset rising raw material costs from the Middle East conflict.Analysts expect consumer inflation to re-accelerate i ...
3 days ago
Japan May core CPI rises 1.4% yr/yr
TOKYO, June 19 : Japan's core consumer prices rose 1.4 per cent in May from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.4 per cent annual gain.S ...
3 days ago
CSE Global’s share slide over boardroom clash overblown: analysts
Shikhar Gupta - The company’s shares are recovering after plunging in the wake of its lead independent director’s resignation
3 days ago
CSE Global’s sell-off over boardroom clash overblown: analysts
Shikhar Gupta - The company’s shares are recovering after plunging in the wake of its lead independent director’s resignation
3 days ago
How to ride the iEdge Singapore Next 50 indices as momentum wanes
Ben Paul - After a broad rerating in 2025, investors may now have to dig deep among smaller-cap stocks for strong returns
3 days ago
DBS sees 46% upside for Jardine Matheson; analysts expect it to surpass ‘conservative’ targets
Deon Loke - They see JMH’s goals as ‘achievable minimum yardsticks’ that reinforce the group’s strategic transformation story
3 days ago
US Vice-President Vance cancels Swiss trip for direct Iran talks: White House
Plans for nuclear talks had not been finalised, says White House, citing difficult logistics of the negotiations
3 days ago
Traffic flows through Hormuz as US-Iran deal takes effect, but key questions remain
Iran’s supreme leader said Trump signed the deal ‘out of desperation’
3 days ago
Traffic flows through Hormuz as US-Iran deal takes effect, but questions remain on key issues
Iran’s supreme leader said Trump signed the deal ‘out of desperation’
3 days ago
Oil falls as supply moves through Strait of Hormuz after Iran war pact
[NEW DELHI] Oil prices fell on Friday (Jun 19) as prospects brightened for more supply after oil tankers began moving through the...
3 days ago
Oil dips as US-Iran ceasefire deal takes effect, ships return to Hormuz
OIL dipped as the US and Iran’s interim peace deal took effect and a flurry of tankers began transiting the Strait of...
3 days ago
US court rules Ohio can restrict children's use of social media
June 18 : A U.S. appeals court on Thursday cleared the way for Ohio to implement a law that requires social media companies, including Meta Platforms' Instagram, to obtain parental consent before allowing children under 16 to use their platforms.A 2-1 panel of the Cincinnati-based 6th U.S. Circ ...
3 days ago
Wall Street indexes advance with boost from chips, US-Iran deal optimism
Investors were still assessing Kevin Warsh’s indication that the Fed would provide less guidance on future policy moves
3 days ago
Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push
June 18 : Intel on Thursday named Seok-Hee Lee executive vice president of its contract chip-manufacturing division as it sharpens focus on its advanced packaging business.The American chipmaker has been trying to reinvigorate its manufacturing business under CEO Lip-Bu Tan, after missing out on the ...
3 days ago
Commentary: Why SpaceX, Samsung, Hynix are becoming meme stocks
Meme mania is sweeping through the US stock market again, but this time it's trillion-dollar companies that can distort and sink entire equity markets, says Shuli Ren for Bloomberg Opinion.
3 days ago
European shares retreat as markets mull hawkish US Federal Reserve
The Bank of England kept interest rates on hold at 3.75% in June
3 days ago
California urges court, FCC to rule AT&T must continue basic phone service
WASHINGTON, June 18 : A California agency said on Thursday it has asked a U.S. court and the Federal Communications Commission to reject AT&T's request to stop offering traditional copper wire phone service to new customers. The California Public Utilities Commission said AT&T was tr ...
3 days ago
California urges court, FCC to reject AT&T request on service requirements
June 18 : A California agency said Thursday it has asked a U.S. court and the Federal Communications Commission to reject the request of AT&T to stop offering traditional copper wire phone service to new customers.The California Public Utilities Commission said AT&T's was trying to g ...
3 days ago
Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports
June 18 : Meta Platforms has secured new agreements to get AI computing power from data center developer Crusoe, Bloomberg News reported on Thursday, as it strengthens infrastructure required to support its AI expansion.Meta and Crusoe did not immediately respond to Reuters' requests for commen ...
3 days ago
Trading Day: Stocks rally, oil hits pre-Iran-war lows as Strait of Hormuz reopens for business
NEW YORK, June 18 : A tech-powered rally boosted U.S. stocks on Thursday, while crude prices dropped as supertankers sailed through the reopened Strait of Hormuz hours after U.S. President Donald Trump signed a peace deal with Iran.With U.S. markets closed on Friday in observance of Juneteenth, Wall ...
3 days ago
SpaceX gets investment-grade ratings with stable outlook from top agencies
June 18 : SpaceX on Thursday landed investment-grade credit ratings from Moody's, Fitch and S&P Global Ratings, each assigning a "stable" outlook after the Elon Musk-led company's high-profile initial public offering.The consensus signals broad confidence in SpaceX's fin ...
3 days ago
Exclusive-Meta lobbies Congress for protection from child-harm lawsuits
June 18 : Meta Platforms has lobbied the U.S. Congress for legal immunity from child-harm claims tied to social media products such as Instagram, as it faces thousands of lawsuits from young users and their families, according to a source familiar with the matter and proposed legislative language re ...
3 days ago
OpenAI introduces enhanced usage analytics, AI spending controls for ChatGPT Enterprise
June 18 : OpenAI on Thursday launched new usage analytics and updated spend controls for its ChatGPT Enterprise platform, designed to provide clients with greater visibility and management over their AI deployments.The new features aim to help manage costs and track credit usage, as growing adoption ...
3 days ago
SpaceX shares fall as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk's rockets-to-AI firm SpaceX dropped more than 6 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 6.4 per cent at $179.62, after falling near ...
3 days ago
SpaceX shares tumble as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk's rockets-to-AI firm SpaceX dropped nearly 9 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8 per cent to $174.8, after falling nearly 5 ...
3 days ago
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Sharanya Pillai - Growing up the son of a steel labourer taught Khor the value of hard work and dignity, which he applies to the...
3 days ago
SpaceX bankers prepare for potential $20 billion bond offering, sources say
June 18 : SpaceX's bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, two sources familiar with the matter said on Thursday, as Elon Musk's newly public company seeks funding for an ambitious and capital-intensive AI expansion. ...
3 days ago
SpaceX bankers prepare for potential $20 billion bond offering, source says
June 18 : SpaceX's bankers are preparing to speak with investors as early as next week about a possible bond offering of at least $20 billion, a source familiar with the matter told Reuters on Thursday, following its blockbuster Nasdaq debut last week.The size of the offering is not yet set and ...
4 days ago
GKN aerospace factory in California prepares to restart after chemical tank scare
June 18 : A California aerospace factory operated by GKN Aerospace plans to restart some production, sources and a county health agency said, after halting output in late May when an overheating tank raised fears of an explosion and prompted 50,000 nearby residents to evacuate. Employees began retur ...
4 days ago
Space startups seek insurance for orbital AI data centers
NEW YORK/LONDON, June 18 : Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk's SpaceX and Jeff Bezos' Blue Origin.The concept of data center satellites — designed to bypass Earth ...
4 days ago
AI cuts tech project times from years to months, says Deutsche Bank executive
He said the bank remains cautious about deploying AI for everything
4 days ago
TrickleStar appoints Beng Kuang Marine CEO as non-executive independent director
Teo Zheng Long - TrickleStar Limited (SGX: CYW ) has appointed Beng Kuang Marine CEO, Yong Jiunn Run, as its non-executive independent director. TrickleStar’s board explains in the June 18 filing that the appointment of Yong was based on his “extensive experience in listed companies’ leadership, corporate gove ...
4 days ago
BMW 'on right track', chairman says as profit warning hits shares
The automaker’s shares fell further on Thursday, hitting their lowest levels since November 2, 2020