1 day ago
Data centre demand boosts CSE Global’s Q1 revenue by 29.1% to S$265.2 million
Sharanya Pillai - The company’s Q1 order intake is also up 74.6% at S$271.2 million
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Singapore Airlines’ FY2026’s net profit declines by 57.4% to $1.18 billion despite record revenue
The Edge Singapore - Singapore Airlines’ net profit fell by 57.4% to $1,184 million despite recording a record revenue of $20,522 million for FY2026, for the 12 months to March 31, up 5% y-o-y or $982 million. The decline was due to the absence of the $1,098 million non-cash accounting gain recognised in November 2024 ...
1 day ago
Oil edges up as investors focus on Trump-Xi meeting in Beijing
Iran appears to have tightened its control over the Strait of Hormuz
1 day ago
US Senate committee advances crypto bill in milestone for digital assets
May 14 : The Republican-led Senate Banking Committee on Thursday advanced long-awaited legislation that would create regulations for cryptocurrencies - a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks. The bill, which was advanced with support f ...
1 day ago
US Senate committee weighs crypto bill in milestone for digital assets
May 14 : The Republican-led Senate Banking Committee met on Thursday to consider long-awaited legislation that would create regulations for cryptocurrencies - a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks. The Clarity Act would clarify regula ...
1 day ago
US Senate committee to weigh crypto bill in milestone for digital assets
May 14 : The Republican-led Senate Banking Committee on Thursday is set to consider long-awaited legislation that would create regulations for cryptocurrencies - a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks. The Clarity Act would clarify reg ...
1 day ago
JPMorgan's bet on early-stage companies pays off in leading global tech investment banking
NEW YORK, May 14 : When Pattern Group co-founders David Wright and Melanie Alder needed $10 million for their startup in 2017, it was barely a rounding error for a bank like JPMorgan, which held $2.5 trillion in assets at the time.Yet the bank still flew a team to Lehi, Utah, to evaluate the e-comme ...
1 day ago
Big Tech turns to Sesame Street, Girl Scouts to deflect scrutiny over kids' screen time
WASHINGTON, May 14 : Meta and Google enlisted trusted children's brands such as Sesame Street, Girl Scouts and Highlights magazine to teach kids to use technology in moderation - even as the companies designed apps that made it difficult for those same young users to unplug, public statements a ...
1 day ago
Meta and Google fund US kids' groups, as critics warn of social media risk
WASHINGTON, May 14 : Meta and Google enlisted trusted children's brands such as Sesame Street, Girl Scouts and Highlights magazine to teach kids to use technology in moderation - even as the companies designed apps that made it difficult for those same young users to unplug, public statements a ...
1 day ago
US clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
The stakes are significant, highlighting how the US-China tech rivalry is now snarling even approved trade, leaving the world's most valuable company and dominant chipmaker caught between dueling national priorities.
1 day ago
Trump-Xi meeting fails to lift Singapore stocks on Thursday; STI dips 0.2%
Jude Chan - Across the broader market, gainers trail losers 257 to 359, after 2.2 billion securities worth S$2.6 billion change hands
1 day ago
Strait of Hormuz, prospects for US firms: 5 takeaways from Day 1 of Trump-Xi summit
Shikhar Gupta - Xi Jinping’s meeting with Donald Trump lasts over two hours, with Trump describing it as ‘great’
1 day ago
RHB upgrades Bumitama Agri to 'neutral' after 15% share price retreat
Belle Neo - RHB Bank Singapore has upgraded Bumitama Agri from "sell" to "neutral" with an unchanged target price of $1.70, implying a downside of 6.6% to its share price of $1.82 as at its report dated May 13. Shares in the agri company had retreated 15% over the past two weeks. The bank&#x ...
1 day ago
Eneos to buy Chevron’s Singapore refinery stake, Asian assets for US$2.2 billion
The latest sale includes Chevron’s Penjuru terminal and lubricants facility in Singapore
1 day ago
Burberry’s cautious outlook disappoints after sales boost
BURBERRY Group disappointed investors after the British luxury brand issued a cautious outlook for this fiscal year and warned geopolitical and economic...
1 day ago
Trump, Xi agree Strait of Hormuz must stay open, White House says
[BEIJING] US President Donald Trump and Chinese President Xi Jinping agreed in a meeting that the Strait of Hormuz must be open...
1 day ago
Temasek-backed Manipal Hospitals set to start marketing US$1 billion IPO: sources
The company is targeting a valuation of about US$12 billion during two weeks of meetings with investors
1 day ago
Citadel asked some Hong Kong staff to relocate, FT reports
HEDGE fund Citadel has moved some of its core researchers out of Hong Kong, telling members of its global quantitative strategies team...
1 day ago
UK regulator to toughen private credit reporting, sources say
Scrutiny has increased following several private-market related borrower failures that have left creditors facing losses
1 day ago
European shares gain on tech optimism; Mideast developments in focus
EUROPEAN shares rose on Thursday, as artificial intelligence-driven optimism offset lingering concerns about a deadlock in US-Iran peace talks, while a high...
1 day ago
Singapore sells less marine fuel in April amid war-induced tight supply
Tay Peck Gek - Number of oil-tanker arrivals down 13.3% on the month
1 day ago
JP Morgan maintains underweight for MINT, citing occupancy, forex and rate pressures
The Edge Singapore - The challenges to Mapletree Industrial Trust’s (MINT) US portfolio have not lifted. The valuation of the US portfolio declined by 3.4% y-o-y as of end-March to US$3 billion from US$3.11 billion as of March 31, 2025. Its FY2026 (for the 12 months to Mar 31) net property income (NPI) fell by 5.9% y- ...
1 day ago
China's yuan hits 3-year high, stocks dip, as investors await details from Trump-Xi summit
SHANGHAI: China's yuan edged up to a three-year high against the dollar on Thursday (May 14), while key stock indexes pulled away from recent peaks, as investors awaited more news from a summit between the leaders of the world's two largest economies.China's President Xi Jinping on Th ...
1 day ago
BlackRock's GIP teams up with Temasek, Abu Dhabi heavyweights to target US$30b in infrastructure deals
It will also consider select investments within the wider Middle East and North Africa region
1 day ago
Asia-Pacific banks face growing credit risks, raise provisions as Iran war drags on
The economic toll of the conflict is mounting in the region
1 day ago
Thai economic growth likely slowed in first quarter on tourism slump
BENGALURU, May 14 : Thailand's economic growth likely slowed in the first quarter of 2026 and was barely positive on a quarterly basis, according to a Reuters poll of economists, as weak local demand and a tourism slowdown linked to the Iran war offset strong AI-driven exports.The tourism-depen ...
1 day ago
Honda forecasts profit recovery after first ever annual loss
Almost one in three motorcycles sold globally carries the Honda badge
1 day ago
Singapore developer in limbo after Timor-Leste’s shock scrapping of major township project
Goh Ruoxue - State slams lack of progress; Pelican Paradise rebuts no water, weak power
1 day ago
SingPost scraps plan to sell flagship building, citing Paya Lebar upside
The postal group says it will instead upgrade SingPost Centre and expand commercial space for rent.
1 day ago
US tariffs weigh on world wine trade in 2025 while consumption slips to new low
In addition to widespread weather losses, production has been curbed by uprooting of vines in response to declining demand
1 day ago
OCBC signs 5-year partnership with Australian government to boost regional investment, trade
Meera Pathmanathan - The framework will focus on sectors including energy transition, green transportation and fintech
1 day ago
OpenAI says no user data breached after security issue with open-source library
May 14 : OpenAI said on Wednesday it found no evidence that its user data was accessed after a security issue involving a supply-chain attack on TanStack npm, an open-source library.
1 day ago
As Iran war jolts Air India, Lufthansa and Cathay pounce on fast-growing market
Foreign carriers gain share of international traffic from India
1 day ago
BOJ board member Masu calls for early rate hike, joins hawkish chorus
TOKYO, May 14 : The Bank of Japan should raise interest rates as soon as possible if there are no clear signs of an economic slowdown, Kazuyuki Masu, a member of the central bank's board, said on Thursday, pointing to mixed views at an April policy meeting.The remarks by Masu, who voted to keep ...