2 days ago
Preparing for climate risks helps companies weather Iran war shocks: SGX RegCo
Janice Lim - Incorporating such factors in overall risk management is ‘a more holistic approach’
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
How Grab is rebuilding its engineering culture around AI speed
This change forces leaders to rebuild management, hiring and physical operations in South-east Asia before speed causes problems
2 days ago
SK Hynix joins US$1 trillion club after Samsung, Micron on AI chip boom
[SEOUL] SK Hynix topped US$1 trillion in market value for the first time on Wednesday (May 27), joining its memory chip rivals...
2 days ago
BlackRock ‘sees merit’ in more large-scale mining M&A
Major investments in supply are needed as commodity demand speeds up, says portfolio manager Olivia Markham
2 days ago
BlackRock sees merit in large scale mining M&A
[PERTH] BlackRock would back consolidation among large miners because it would open the sector to generalist investors at a scale that would...
2 days ago
Oil extends drop as Iran TV says it has seen draft deal with US to reopen Hormuz
LONDON, May 27 : Oil extended losses on Wednesday, falling over 5 per cent after Iranian state TV said it had seen a draft of an initial, unofficial framework for an agreement with the United States on ending their conflict and reopening the Strait of Hormuz.The report, plus a pick-up in tanker traf ...
2 days ago
Oil prices drop as traders look for US-Iran talks progress
LONDON, May 27 : Oil prices fell by more than 3 per cent on Wednesday as traders weighed up progress in U.S.-Iran peace talks and renewed hostilities.Brent crude futures fell $3.11, or 3.12 per cent, to $96.47 a barrel as of 0913 GMT, while U.S. West Texas Intermediate (WTI) crude lost $3.64, or 3.8 ...
2 days ago
Oil pulls back as traders look for progress on US-Iran talks
BEIJING, May 27 : Oil prices pulled back from recent highs on Wednesday, erasing some of the previous day's 4 per cent gain as traders sought clarity on complex negotiations between Iran and the U.S. after renewed hostilities set back efforts to reopen the Strait of Hormuz.Brent crude futures f ...
2 days ago
AI to turbocharge patent creation at India tech hubs, executives say
BENGALURU, May 27 : Global companies expect AI to accelerate the creation of new products and intellectual property at their Indian technology hubs, underlining the country's growing role as an innovation base even as the futuristic technology reshapes work.Executives from Publicis Groupe' ...
2 days ago
Japan's Nikkei retreats from record high as AI rally sparks caution
TOKYO, May 27 : Japan's Nikkei share average retreated from a record peak to end nearly flat on Wednesday, as investor caution grew about the fast-paced rally in AI-related stocks.The Nikkei closed at 64,999.41, after rising as much as 2.2 per cent earlier in the session to hit a record intrada ...
2 days ago
Japan's Nikkei hits record high as chip-related shares jump
TOKYO, May 27 : Japan's Nikkei share average rose to a record high on Wednesday, as gains in index heavyweight chip-related equities outweighed losses in financials and other value shares.The Nikkei was up 1.25 per cent at 65,811.78, as of 0147 GMT, after rising as much as 2.2 per cent earlier ...
2 days ago
Gold holds loss as traders weigh prospects for US-Iran deal
GOLD held a loss, as fresh clashes in the Persian Gulf weighed on hopes for a US-Iran peace deal and reinforced concerns...
2 days ago
China’s humanoid robotics startup Unitree fast-tracks Shanghai IPO with target US$6.2 billion valuation
Shreedhee Sajeev - The Shanghai Stock Exchange’s listing committee will review Unitree’s application on Jun 1
2 days ago
Unitree fast-tracks Shanghai IPO with target valuation of US$6.2 billion
Shreedhee Sajeev - The Shanghai Stock Exchange’s listing committee will review Unitree’s application on Jun 1
2 days ago
Japan yen nears intervention zone; dollar steady as traders watch Iran
LONDON, May 27 : The yen slid to its weakest against the U.S. dollar since late April on Wednesday, skimming levels that triggered official Japanese intervention last month, as cautious traders weighed up the risks of a renewed flare-up in the Iran war.The New Zealand dollar was one of the strongest ...
2 days ago
Yen hovers near intervention zone as traders eye Middle East risks
TOKYO, May 27 : The yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war.The New Zealand dollar jumped after the Reserve Bank came unexpectedly ...
2 days ago
Yen hovers near intervention zone as traders weigh Middle East risks
TOKYO, May 27 : The yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war.The Australian dollar erased earlier gains against the greenback follo ...
2 days ago
Yen hovers near intervention zone as traders assess Iran war outlook
TOKYO, May 27 : The yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war.The Australian dollar hovered near its highest since May 15 ahead of c ...
2 days ago
Shares rise, oil falls as markets weigh shaky US-Iran truce
LONDON, May 27 : Global shares advanced and oil prices eased on Wednesday as markets looked for signs of whether a shaky truce between the United States and Iran will be extended.European shares gained 0.5 per cent, driven by auto and chemical stocks and trading close to their all-time high no
2 days ago
Shares advance, oil prices ease as investors weigh shaky US-Iran truce
LONDON/TOKYO, May 27 : Global shares advanced and oil prices eased on Wednesday as markets looked for signs of whether a shaky truce between the United States and Iran will be extended.European shares gained 0.3 per cent, following advances for Asian markets, including record highs for Japanese and ...
2 days ago
Shares scale new peaks as markets eye shaky US-Iran truce; kiwi jumps
TOKYO, May 27 : Asian shares climbed to record highs while oil prices remained elevated on Wednesday, as markets looked for signals that a shaky truce between the United States and Iran will be extended.The dollar held gains from the previous session after Iran said the U.S. had violated a ceasefire ...
2 days ago
Shares scale new peaks as markets eye shaky US-Iran truce
TOKYO, May 27 : Asian shares climbed to record highs while oil prices remained elevated on Wednesday, as markets looked for signals that a shaky truce between the United States and Iran will be extended.The dollar held gains from the previous session after Iran said the U.S. had violated a ceasefire ...
2 days ago
Asian shares climb, oil holds gains as markets eye Iran talks, central bank moves
Asian shares rose while oil prices remained elevated on Wednesday as markets looked for signals that a shaky truce between the United States and Iran will be extended.Brent crude traded near $100 per barrel, and the greenback held gains from the previous session after Iran said the U.S. had violated ...
2 days ago
BOJ's Ueda warns temporary energy shock could become persistent
TOKYO, May 27 : Bank of Japan Governor Kazuo Ueda said on Wednesday central banks should not look at oil prices in isolation because a temporary energy shock can become persistent if it feeds into wages, expectations, and price-setting behavior.Comparing various energy shocks Japan experienced in pa ...
2 days ago
BOJ's Ueda warns of potential for temporary energy shock to become persistent
TOKYO, May 27 : Bank of Japan Governor Kazuo Ueda said on Wednesday central banks should not look at oil prices in isolation because a temporary energy shock can become persistent if it feeds into wages, expectations, and price-setting behavior.Comparing various energy shocks Japan experienced in pa ...
2 days ago
South Korea's KOSPI hits record as SK Hynix joins $1 trillion club after Samsung, Micron
SEOUL, May 27 : South Korea's benchmark KOSPI stock index hit an all-time high on Wednesday as SK Hynix joined its memory chip rivals Samsung Electronics and Micron Technology in the $1 trillion market capitalisation club on an AI-driven rally.The KOSPI rose as much as 5 per cent to 8,450.26, i ...
2 days ago
SK Hynix market capitalisation tops $1 trln
SEOUL, May 27 : Shares of SK Hynix surged on Wednesday, taking the market capitalisation of the South Korean chipmaker above $1 trillion. Shares rose as much as 11.1 per cent to an all-time high in early trade, lifting the company's total market value to 1,624 trillion won ($1.08 trillion).($1 ...
2 days ago
SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom
SEOUL, May 27 : SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally.Shares of SK Hynix jumped as much as 14.9 per cent, taking the South Korean chipmaker& ...
2 days ago
South Korea's Kospi hits record as SK Hynix joins US$1 trillion club after Samsung, Micron
SEOUL: South Korea's benchmark Kospi stock index hit an all-time high on Wednesday (May 27) as SK Hynix joined its memory chip rivals Samsung Electronics and
2 days ago
US stocks: S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins US$1 trillion club
[NEW YORK] The S&P 500 and Nasdaq hit record closing highs on Tuesday (May 26), as artificial intelligence-fueled optimism offset anxiety over...
2 days ago
Japan's corporate service prices rise 3% in April
TOKYO, May 27 : A key gauge of Japan's service-sector inflation rose 3.0 per cent in April from a year earlier, data showed on Wednesday, reinforcing the central bank's view that a tight labour market is pushing firms to pass rising costs on to consumers.The Bank of Japan has stressed the ...
2 days ago
European equities slip as US strikes on Iran cloud peace prospects
EUROPEAN shares slipped on Tuesday (May 26) as doubts over the prospects of a deal to end the conflict with Iran weighed...
2 days ago
Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening
[NEW YORK] Brent crude futures climbed about 4 per cent on Tuesday (May 26) after the US military carried out strikes in...
2 days ago
Apple, Google push for judicial oversight in Canada online safety bill
SAN FRANCISCO, May 26 : Apple and Alphabet's Google on Tuesday pushed to amend an online safety bill working its way through Canada's parliament to add judicial oversight to what the firms described as a potential for secret orders to break the encryption of their software and devices.Bill ...