3 days ago
Shangri-La Dialogue 2026: US’ Hegseth hails Asian partners for boosting security spending; omits Taiwan in roll call
He was addressing the security and defence forum on May 30
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Shangri-La Dialogue 2026: US’ Hegseth hails Asian partners for boosting security spending
He was addressing the security and defence forum on May 30
3 days ago
From oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions
Annabelle Liang - [SINGAPORE] Vitol, the world’s largest independent energy trader, found itself on shaky footing when the Middle East conflict broke out on Feb...
3 days ago
Yum is in exclusive talks to sell Pizza Hut to LongRange
[NEW YORK] Yum! Brands is in exclusive talks to sell its Pizza Hut chain to LongRange Capital, according to people familiar with...
3 days ago
Oil falls on hopes for US-Iran ceasefire agreement
[HOUSTON] Oil futures fell more than 2 per cent on Friday (May 29), closing out their steepest weekly decline since early April...
3 days ago
European shares secure monthly gains on Middle East peace hopes
[BENGALURU] European shares edged higher on Friday (May 29), wrapping up the month with gains as investors clung to hopes that a...
3 days ago
US stocks extend win streak on peace deal hopes, AI excitement
[TORONTO] Stocks climbed on Friday (May 29) to close at a fresh record, boosted by hopes of a peace deal with Iran...
3 days ago
China’s titans are victims of China’s own success
Tong Kooi Ong + Asia Analytica - The US equity market has significantly outperformed Chinese stocks in recent years, led by tech and related energy and industrial sectors, driven by the artificial intelligence (AI) infrastructure boom. This is underscored by the huge market gains of the US’ “Magnificent Seven” stocks compared ...
3 days ago
China’s next-generation industrial policy
Tong Kooi Ong + Asia Analytica - By Rhodium Group for the US Chamber of Commerce (May 2026)A concise summary: Core thesis
3 days ago
Two reports, two interpretations of China
Tong Kooi Ong + Asia Analytica - The contrast between our article, “The political economy of modern capitalism” and the Rhodium Group/US Chamber of Commerce report, “China’s Next-Generation Industrial Policy” is not really about facts. It is about interpretation. The Rhodium report is fundamentally a warning document. It ...
3 days ago
The political economy of modern capitalism
Tong Kooi Ong + Asia Analytica - America monetises innovation. China industrialises competition.The defining economic competition of the 21st century is no longer capitalism versus socialism. It is increasingly a competition between two different forms of capitalism — one where capital ultimately disciplines the state, and anothe ...
3 days ago
Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show
May 29 : A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday.Meta agreed to pay the most at $9 million in the bellwether cas ...
3 days ago
Social media companies pay $27 million to settle Kentucky school district’s lawsuit over social media harms, records show
May 29 : A Kentucky school district secured approximately $27 million in settlements from social media companies over claims they fueled a student mental‑health crisis, with Meta Platforms paying the largest amount at $9 million, according to records seen by Reuters on Friday that reveal the settl ...
4 days ago
SpaceX wins $4.16 billion US Space Force contract for threat-detection satellites
May 29 : The U.S. Space Force said on Friday it has awarded Elon Musk's IPO-bound SpaceX a $4.16 billion deal for a satellite program designed to track and target airborne threats.The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-systems, comb ...
4 days ago
US Space Force awards SpaceX $4.16 billion deal
May 29 : The U.S. Space Force said on Friday it has awarded Elon Musk's IPO-bound SpaceX a $4.16 billion deal for a program designed to sense and track airborne targets from space.The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-systems, comb ...
4 days ago
UK banks still lack access to Mythos AI model, BoE's Bailey says
LONDON, May 29 : British banks still have not been able to gain access to Anthropic's Mythos artificial intelligence model to check their systems against cyber threats, six weeks after it first drew concern, Bank of England Governor Andrew Bailey said on Friday.Bailey, speaking to Bloomberg TV, ...
4 days ago
Nomura-backed Laser Digital secures conditional approval for US banking license
May 29 : Nomura's digital asset subsidiary Laser Digital has secured conditional approval for a national trust bank charter, becoming the latest firm to benefit from the Trump administration's crypto-friendly stance.The move would allow it to hold and administer tokenized, digital and conv ...
4 days ago
Exclusive-Meta tool to track employee mouse clicks on collision course with EU privacy rules
NEW YORK/AMSTERDAM, May 29 : Meta Platforms' plan to collect detailed records of U.S. employees’ computer usage for training its AI models is more extensive than initially described and set to capture non-U.S. data in the process, according to internal documentation seen by Reuters.The docume ...
4 days ago
Coinbase, Kalshi bring regulated perpetual crypto futures to US investors
May 29 : Cryptocurrency exchange Coinbase and prediction markets platform Kalshi said on Friday they are introducing perpetual crypto futures, marking the first time such instruments will be available to U.S. investors through domestic, regulated exchanges. Perpetual futures, or "perps", a ...
4 days ago
Wall Street ends higher, crude prices ease on potential US-Iran truce extension
NEW YORK, May 29 : U.S. stocks followed world shares higher and crude prices retreated on Friday as investors neared the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war.A narrow, tech-led rally lifted all three major U.S. stock indexes to m ...
4 days ago
Wall Street follows world stocks higher, crude prices ease on potential US-Iran truce extension
NEW YORK, May 29 : U.S. stocks followed world shares higher and crude prices retreated on Friday as investors neared the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war.A narrow, tech-led rally lifted all three major U.S. stock indexes to m ...
4 days ago
Wall Street follows global stocks higher, crude prices ease on potential US-Iran truce extension
NEW YORK, May 29 : The S&P 500 followed world shares higher and crude prices retreated on Friday as investors neared the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war.The Dow joined the S&P 500 in positive territory while the tech ...
4 days ago
Kalshi taps former FBI analyst Neff for surveillance unit
NEW YORK, May 29 : Kalshi has hired former FBI official Tyler Neff on its surveillance team, as part of a broader effort to ramp up safeguards on its exchange at a time when prediction markets are facing increased pressure from lawmakers to crack down on insider trading on their exchanges.• Neff j ...
4 days ago
mm2 Asia H2 net loss widens to S$166.6 million amid fair-value losses
Therese Soh - FY2026 revenue plunges 95.9% on the year, amid a 99% decline in sales by its content business
4 days ago
A quarter of large oil tankers trapped by Iran war have escaped
Most vessels made the transit by “going dark” - switching off the Automatic Identification System used to communicate their positions
4 days ago
US senator presses TikTok US joint venture and Oracle on user data safeguards
WASHINGTON, May 29 : U.S. Democratic Senator Ed Markey on Friday formally asked TikTok's newly formed U.S. joint venture and cloud computing giant Oracle to explain how they are protecting the personal data of American users and preventing foreign entities from influencing which videos American ...
4 days ago
Democratic senator wants TikTok US JV, Oracle to answer questions on platform safeguards
WASHINGTON, May 29 : Democratic senator Ed Markey on Friday asked a TikTok U.S. joint venture and Oracle to answer questions about the security of the data from Americans using the short video platform and efforts to prevent foreign manipulation of its content recommendation algorithm.TikTok's ...
4 days ago
Fed’s Bowman says too soon to judge inflation impact of Iran war
The US war in Iran has pushed up energy prices
4 days ago
Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant
DETROIT, May 29 : A battery plant partly owned by General Motors is delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars.Workers at the Ultium Cells plant in Warren, Ohio, jointly owned by GM and LG Energy Solution, are now being told they will be ...
4 days ago
Wall St edges higher at open with Mideast deal updates in focus
[NEW YORK] Wall Street’s main indexes opened higher on Friday (May 29), after closing at record highs the previous session, with markets...
4 days ago
Danish pension fund excludes SpaceX citing governance and valuation
COPENHAGEN, May 29 : Danish pension fund Akademikerpension said on Friday it had placed SpaceX on its portfolio exclusion list ahead of the company's initial public offering, citing concerns about the governance structure and what it said was an overvalued stock.• Market indications point to ...
4 days ago
Concord New Energy to sell S$158.2 million in assets to Industrial Bank Financial Leasing
Ranamita Chakraborty - In this sell-and-leaseback deal, a CNE unit will lease the assets back for a period of 14 years
4 days ago
Intel, 3DGS to set up $3.3 billion substrate plant in India's Odisha state
NEW DELHI, May 29 : U.S. chipmaker Intel and 3DGS Inc. USA will invest about $3.3 billion to set up a substrate manufacturing plant in the eastern Indian state of Odisha, the Indian government said on Friday.Here are some details:• The project is expected to create more than 1,800 direct high-skil ...
4 days ago
Global equity funds draw weekly inflows as AI rally boosts sentiment
May 29 : Global investors returned to equity funds in the week to May 27 after a week of outflows, as a rally in AI-linked stocks revived demand, though caution over U.S.-Iran peace negotiations kept buying in check.Investors bought a net $457.57 million in global equity funds, compared with a net o ...