1 day ago
UAE leaves Opec and Opec+ in major blow to global oil producers’ group
This comes at a time when the Iran war has caused a historic energy shock and unsettled the global economy
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Corning faces weakness in non‑optical segments as data-center business booms
April 28 : Corning forecast second-quarter revenue below Wall Street estimates on Tuesday, as weakness in non-optical segments continues to pressure business despite strong demand for data center products. Shares of the gorilla glass maker fell more than 5 per cent in early trading.Slower replacemen ...
1 day ago
Corning faces consumer electronics drag even as data-center business booms
April 28 : Corning forecast second-quarter revenue below Wall Street estimates on Tuesday, as weakness in the consumer electronics market continues to pressure business despite strong demand for data center products.Shares of the Gorilla Glass maker fell more than 10 per cent in premarket trading.Sl ...
1 day ago
T-Mobile rolls out broadband with Starlink backup to expand business customer base
April 28 : T-Mobile on Tuesday launched a new internet offering for businesses, combining its 5G network with Starlink's satellite backup to serve companies operating in remote locations.The offering comes as the telecom operator ramps up efforts to expand its enterprise customer base amid inte ...
1 day ago
Micro-Mechanics reports 18.8% y-o-y increase in net profit for 3QFY2026
Teo Zheng Long - Micro-Mechanics (SGX: 5DD ) has reported a net profit of $3.8 million for 3QFY2026 ended March 31, up 18.8% y-o-y. Revenue in the same period increased 16.2% y-o-y to $18.6 million, mainly driven by the consumable tools segment, where revenue increased 20.9% y-o-y to $14.4 million. Meanwhile, wafer ...
1 day ago
Airline body chief flags concern for jet fuel shortage in peak summer period
GENEVA, April 28 : The jet fuel crisis tied to the war in Iran could hit Asia hardest first as a shortage during the peak summer period in the northern hemisphere becomes a growing concern, the head of the International Air Transport Association said on Tuesday.The crisis would then impact Europe ...
1 day ago
Singapore turns to satellites, AI and robotics to bolster public safety
Nurdianah Md Nur - Singapore is expanding its use of advanced technologies in public safety, with the Home Team Science and Technology Agency (HTX) outlining plans ranging from satellite-based monitoring to continuous upgrades of frontline systems. At the Milipol TechX Summit earlier today, HTX signed two agreements w ...
1 day ago
GoTo posts first-ever net income after cost cuts bear fruit
Fintech growth outpaces on-demand services as high oil prices curb commuting and food delivery demand
1 day ago
Aztech Global’s 1QFY2026 earnings up 166.7% y-o-y to $4 mil; secures six new project orders
Teo Zheng Long - Manufacturing services provider Aztech Global (SGX: 8AZ ) has reported earnings of $4.0 million for 1QFY2026, ended March 31, up 166.7% y-o-y. The higher earnings were supported by a gain of $3.1 million from the sale of its property in Dongguan, China in the quarter, offset by lower interest income ...
1 day ago
Starboard makes large investment in Dynatrace, sees strategic value
April 28 : Activist investor Starboard Value on Tuesday disclosed it has made a "substantial investment" in Dynatrace, as it sees the software monitoring firm as undervalued despite its strong competitive positioning and long-term growth prospects.Dynatrace shares rose more than 5 per cent ...
1 day ago
Oracle, CoreWeave lead AI selloff on OpenAI growth concerns
April 28 : Shares of artificial intelligence-related firms dropped on Tuesday after the Wall Street Journal reported that OpenAI had missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator's growth prospects.OpenAI CFO Sarah Friar expressed concern ...
1 day ago
AI stocks slide after report sparks OpenAI growth concerns
April 28 : AI firms fell in premarket trading on Tuesday after the Wall Street Journal reported that OpenAI has missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator's growth prospects.OpenAI CFO Sarah Friar expressed concerns to other leaders ov ...
1 day ago
Oracle, CoreWeave shares drop after report flags OpenAI growth worries
April 28 : Oracle and CoreWeave shares fell in premarket trading on Tuesday after the Wall Street Journal reported OpenAI has missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator's growth prospects.OpenAI CFO Sarah Friar expressed concerns over ...
1 day ago
Dollar firms, yen steady as markets weigh Iran war, split BOJ decision
NEW YORK/LONDON, April 28 : The dollar strengthened on Tuesday as risk-off sentiment driven by the Iran war outweighed a brief yen rally sparked by the Bank of Japan’s most divided policy vote under Governor Kazuo Ueda.The BOJ held its policy rate steady at 0.75 per cent, but the 6-3 vote — the ...
1 day ago
Dollar picks up, yen steady as central banks in focus after BOJ holds
LONDON, April 28 : The dollar strengthened slightly while the Japanese yen was broadly steady on Tuesday as markets focused on central bank policy decisions and guidance while the Iran war loomed large.The yen had initially firmed after the Bank of Japan held interest rates steady in a split vote, b ...
1 day ago
Profluent, Lilly partner in genetic medicine deal worth up to $2.25 billion
April 28 : AI firm Profluent said on Tuesday it has struck a multi-program research collaboration with U.S. drugmaker Eli Lilly worth up to $2.25 billion to develop AI-designed enzymes for genetic medicines.Here are some details: • Under the agreement, Profluent will use its artificial intelligenc ...
1 day ago
Why anxieties are rising over the Malacca Strait, Asia’s key shipping route
International rules guarantee the strait passage, but an Indonesian toll idea sparks concern
1 day ago
BYD's quarterly profit slide fastest in six years
BEIJING, April 28 : Chinese electric vehicle maker BYD's quarterly profit fell at its fastest pace since 2020, a stock filing showed on Tuesday, weighed down by sluggish sales at home.First quarter net profit dropped 55.4 per cent from a year earlier to 4.1 billion yuan ($599.77 million), worse ...
1 day ago
BYD's quarterly profit slides fastest in six years as China sales falter
BYD's first-quarter net profit dropped 55.4 per cent from a year earlier to 4.1 billion yuan.
1 day ago
The AI arms race and China’s bid to stop Manus’ US$2 billion sale to Meta, explained
Tessa Oh - The startup’s parent company moved its headquarters to Singapore in June 2025, shortly before the deal
1 day ago
Toyota suppliers feeling profit pressure from Iran war
NAGOYA, Japan, April 28 : Japanese parts suppliers to automakers including Toyota face mounting cost and supply uncertainties due to the Iran war, warning that oil-related product price rises could dent profits.Shortages of hard-to-substitute materials such as naphtha-derived products and aluminium ...
1 day ago
Indonesia's GoTo reports first quarterly profit
April 28 : Indonesian ride-hailing giant GoTo reported its first quarterly net profit on Tuesday.The company swung to an attributable profit of 257.94 billion rupiah ($14.99 million) for the three months ended March 31, from a loss of 283.33 billion rupiah in the same period last year. ($1 = 17,210. ...
1 day ago
Ping An profit falls as market decline hurts investment returns
Net income dropped to 25 billion yuan (S$4.6 billion), from 27 billion yuan a year earlier
1 day ago
Singapore stocks slip as oil tops US$110; STI down 0.1%
Renald Yeo - The benchmark index is close to where it was on the first trading day after the Iran war began
1 day ago
Singapore stocks slip 0.1% on Tuesday as oil tops US$110
Renald Yeo - The Straits Times Index falls 5.04 points to 4,887.69 – close to the level on the first trading day after the Iran...
1 day ago
Seatrium’s $400 million notes issuance 1.7 times covered
Lin Daoyi - In a bourse filing on April 28, offshore and marine company Seatrium announced the successful closing of its inaugural $400 million, 2.95% fixed rate notes due in 2031. This issuance marks Seatrium’s first drawdown under its $3 billion multicurrency debt issuance programme. The order book for the ...
1 day ago
Commonwealth becomes first fusion energy firm trying to connect to major US grid
WASHINGTON, April 28 : Commonwealth Fusion Systems, a private U.S. company hoping to build the first company to generate power with a process that mimics the sun, said on Tuesday it has become the first fusion company to apply to join a major power grid operator.Commonwealth, which is planning to op ...
1 day ago
Spotify forecasts second-quarter profit below estimates, shares fall
April 28 : Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America.Shares of the company fell around 6 per cent in premarket trading.Investors cl ...
1 day ago
Spotify forecasts second-quarter profit below estimates, shares slump
Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday (Apr 28), a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America.Shares of the company fell nearly 9 per cent in premarket trading.Investors clos ...
1 day ago
Analysis:SpaceX ties Musk compensation to Mars colonization goal
April 28 : SpaceX's board has approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company's ambitions: colonizing Mars and running data centers in outer space.The details of Musk's sweeping pay package, which have not been widely reported, ...
1 day ago
OpenAI trial pitting Elon Musk against Sam Altman kicks off
OAKLAND, California, April 28 : A trial that could help shape the future of artificial intelligence begins on Tuesday, with billionaires Elon Musk and Sam Altman at odds over the evolution of ChatGPT maker OpenAI from a nonprofit to a profit-seeking juggernaut worth hundreds of billions of dollars.O ...
1 day ago
Big Tech investors to gauge payoff as AI spending set to hit $600 billion
April 28 : Big Tech has spent hundreds of billions of dollars over three years to power the artificial intelligence boom. But investors still want one answer: will all this pay off?Quarterly results from Alphabet, Microsoft, Meta and Amazon - all due on Wednesday - will gauge if the sky-high spendin ...
1 day ago
Indonesia’s eFishery founder faces verdict in fraud case over alleged 70 billion rupiah losses
Elisa Valenta - Prosecutors have sought a 10-year prison term and fine of 1 billion rupiah for Gibran Huzaifah
1 day ago
Russian central bank wants mandatory yuan reserves for lenders
MOSCOW, April 28 - Russia's central bank wants commercial banks to hold mandatory reserves of yuan to prevent shortages of the Chinese currency in the foreign exchange market and rein in excessive lending, Governor Elvira Nabiullina said on Tuesday. Interest rates on yuan swaps jumped above 40 ...