1 day ago
Lufthansa’s first quarter loss narrows despite US$2 billion fuel hit
It said the Iran war was boosting demand as travellers rerouted via its hubs
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
AI Is entering offices in Southeast through workers, not bosses
Nurdianah Md Nur - Southeast Asian workers are adopting artificial intelligence in their personal lives more quickly than many employers are ready for, according to a survey conducted by YouGov on behalf of Salesforce. Among the 4,062 knowledge workers in Singapore, Indonesia, Thailand, and the Philippines surveyed, 6 ...
1 day ago
Palm oil rally seen continuing on biodiesel demand boost, analyst Mistry says
MUMBAI, May 6 : Malaysian palm oil prices are likely to rise about 12 per cent to 5,200 ringgit ($1,316) a metric ton by mid-July, as higher energy prices from the U.S.-Israeli war on Iran boost biodiesel demand and tighten supplies, analyst Dorab Mistry said on Wednesday.The benchmark palm oil cont ...
1 day ago
India's Coforge adds half a billion USD in market value on upbeat outlook
BENGALURU, May 6 : India's Coforge stock added more than $500 million in market capitalisation on Wednesday, closing 9.5 per cent higher at 1,280 rupees, after the mid-tier IT firm forecast robust earnings and its margin beat surprised analysts.Coforge's upbeat fiscal 2027 earnings outlook ...
1 day ago
India's Coforge stock on track for biggest jump in a year on upbeat outlook
May 6 : India's Coforge stock jumped as much as 11.1 per cent on Wednesday, on track to log its best session in more than a year, after the mid-tier IT firm forecast robust earnings and its margin beat surprised analysts.The stock was trading 9.1 per cent higher at 11:15 a.m. IST, topping the N ...
1 day ago
New Zealand eyes fuel storage options in Singapore and Malaysia
The government data shows fuel stocks have declined slightly, with less than 50 days of demand cover for petrol and diesel
1 day ago
LVMH may sell Marc Jacobs and Rihanna’s Fenty Beauty stake amid luxury slowdown
The world’s biggest luxury group is exploring asset sales across fashion, beauty, wine and spirits, marking a rare retrenchment for Bernard Arnault’s empire.
1 day ago
Embrace AI or get left behind: Job cuts sweep through crypto firms
Bitcoin is down about one-third since hitting a peak in October
1 day ago
MOH addressing rising healthcare costs, but cannot control commercial insurance decisions: Rahayu Mahzam
Elysia Tan - It is exploring setting benchmarks in cost components other than doctor’s fees
1 day ago
Strategy’s Michael Saylor signals potential shift to Bitcoin sales
The company has floated the idea that it may at some point have to liquidate some of its hoard to meet its...
1 day ago
Infineon lifts 2026 outlook as AI demand boosts growth prospects
BERLIN, May 6 : Infineon Technologies raised its full-year guidance on Wednesday as demand for power supply solutions for AI data centers surged and automotive order intake improved, joining a wave of chipmakers benefiting from AI infrastructure spending.The German chipmaker, which provides parts fo ...
1 day ago
CIMB Singapore assembles insurance ecosystem at InsureXpo® 2026 to boost financial literacy
The Edge Singapore - CIMB is once again assembling the insurance ecosystem - insurers, policymakers, academics, and industry experts at InsureXpo® 2026, a unique platform for knowledge-sharing and community engagement. The event, the third edition of its kind, will take place on May 23 at Suntec Convention Centre, Hall ...
1 day ago
Asian currencies rally on AI enthusiasm, US-Iran peace hopes
The rebound eases some pressure on the region currencies
1 day ago
‘Clear leader’ in S-E Asia: Analysts bullish on Grab despite regulatory headwinds
Deon Loke - Brokerages present a mixed outlook on target prices
1 day ago
Analysts upbeat on Venture Corporation after 1QFY2026 results, shares surge more than 11%
Lin Daoyi - After reporting a stronger set of results on a y-o-y basis for the 1QFY2026 ended March 31, analysts have strengthened their outlook on Mainboard-listed Venture Corporation. In a bourse filing after trading hours on May 5, the advanced technology solutions provider reported y-o-y growth in earnings ...
1 day ago
Blue Owl data centre operator Stack considers US$30 billion sale of Asia operations: sources
The firm has been speaking with prospective advisers about a partial or full sale of the assets in Australia, Japan and Malaysia
1 day ago
Hanoi orders 20% surge in IP enforcement cases in May after US warning
Jamille Tran - This is part of a nationwide campaign to combat intellectual property violations
1 day ago
CGSI maintains 60 cents target price on KIT following $128.1 mil deal to raise stake in power plant
The Edge Singapore - CGS International analysts Li Jialin and Lim Siew Khee have maintained their 'add' call and 60 cents target price for Keppel Infrastructure Trust following plans to increase its stake in a power plant from 51% to 90% for $128.1 million. The remaining 10% of the Keppel Merlimau Cogens plant ...
1 day ago
Indonesia tightens rule on FX purchases after rupiah hit new record low
The currency has fallen about 4% this year against the US dollar
1 day ago
South Korea’s Kospi breaks 7,000 as AI chip rally lifts Samsung into US$1 trillion club
The index has climbed 74% so far this year, after posting a 76% jump in 2025
1 day ago
Asia markets hit records on AI euphoria, Iran peace hopes
South Korea’s Kospi share index tops 7,000 for the first time
1 day ago
Asian budget carriers need help to avoid Spirit’s fate
Policymakers must consider targeted measures in the form of loans, grants or fuel price relief
1 day ago
Anthropic unveils AI agents to field financial services tasks
The Claude maker now has more than 300,000 business customers who use its technologies to automate parts of their work
1 day ago
Samsung Electronics market value tops US$1 trillion on AI chip boom
SEOUL: The market value of South Korea's Samsung Electronics smashed past US$1 trillion for the first time on Wednesday (May 6) as the firm rides an artificial intelligence chip boom that has sent Seoul's Kospi stock index to record highs.The company has emerged as a key player - alongside ...
1 day ago
Apple settles lawsuit over late Siri AI features for US$250 million
The firm denies any fault in the settlement, which still awaits approval from a judge
1 day ago
SIA delays roll-out of new first, business class seats on A350 fleet to 2027
Industry-wide supply chain issues and seat certification delays push back the launch, according to SIA
1 day ago
Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down
The airline also plans to move ahead with expedited sales of aircraft and equipment
1 day ago
Tech counters Venture, CSE Global up 11% after strong Q1 updates
Shikhar Gupta - Venture reaches three-year peak; CSE hits highest level in nearly two decades
1 day ago
Tech counters Venture, CSE Global up over 11% after strong Q1 updates
Shikhar Gupta - Venture reaches three-year peak; CSE hits highest level in nearly two decades
1 day ago
Tech counters Venture, CSE Global up over 10% after strong Q1 updates,
Shikhar Gupta - Venture reaches three-year peak; CSE hits highest level in nearly two decades
1 day ago
Tech counters Venture, CSE Global up over 8% after strong Q1 updates
Shikhar Gupta - Venture shares reach as high as S$17.98, CSE shares up as much as S$1.47
1 day ago
Tech counters Venture, CSE Global up over 7% after strong Q1 updates
Shikhar Gupta - Venture shares reach as high as S$17.84, while CSE shares are up as high as S$1.46
1 day ago
Gold rises as Trump touts progress with Iran and dollar falls
Bullion has fallen more than 12% since the war began in late February
1 day ago
Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge
SEOUL, May 6 : The market capitalisation of Samsung Electronics' common stock surpassed $1 trillion on Wednesday, making it the second Asian company after TSMC to reach the milestone. Samsung Electronics, the world's top memory chipmaker, saw its market value reach 1,500 trillion won ($1.0 ...