1 day ago
Oil climbs but markets shrug off US-Iran deadlock
HONG KONG: Oil prices climbed on Tuesday (May 12) as US-Iran talks stalled, while markets were mixed as traders appeared to shrug off uncertainty over the 10-week-old war. Optimism over W
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Franklin Templeton appoints former BOS managing director to new Apac private markets wealth role
Shikhar Gupta - Chee Jiun Wen will be based in Singapore and will focus on expanding the company’s private markets franchise across the region
1 day ago
Snacks giant Calbee, crunched by Iran-related ink shortage, switches to monotone packaging
Calbee's Potato Chips are instantly recognisable for their multi-hued designs but printing ink requires naphtha, an oil derivative for which Japan relies on imports from the Middle East for about 40 per cent of its consumption.
1 day ago
Chinese AI firms push beyond Nvidia as DeepSeek turns to Huawei
The Chinese tech giant has said that it plans to release a chip for training this year
1 day ago
Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says
HONG KONG, May 12 : Global hedge funds ramped up bets on Asia, with weekly buying of South Korean, Japanese and Taiwanese stocks hitting a 10-year high last week, according to a Morgan Stanley client note. Most of the equities buying "took place outside the U.S. with APAC driving the majority o ...
1 day ago
SoftBank's OpenAI-related debt in focus as another strong quarter expected
TOKYO, May 12 : SoftBank Group is expected by analysts to report another robust quarterly profit on Wednesday as the technology investor benefits from its growing OpenAI bet, though concerns are increasing over the debt it is taking on to fund it.While SoftBank's "all-in" bet on OpenA ...
1 day ago
Google scales up Singapore mosquito lab as AI takes on dengue
Nurdianah Md Nur - Google is expanding a Singapore lab that breeds mosquitoes, as part of a push to turn dengue control into a problem of robotics, software and industrial-scale production. The company's decade-old programme targeting mosquito-borne diseases, Debug, is upgrading its Singapore operation into its f ...
1 day ago
UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1
Therese Soh - Group’s earnings up 43% at S$14 million in first quarter
1 day ago
UMS Integration up 14.4% after posting ‘strong’ double-digit sales growth in Q1
Therese Soh - It declares a S$0.01 per ordinary share a tax-exempt cash dividend, payable on Jul 24
1 day ago
Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push
Surging spending on AI is leading tech giants to court investors beyond the US
1 day ago
Global central banks’ use of renminbi swap lines hits 2‑year high amid rising demand for China’s currency
The latest increase highlights China’s drive for renminbi internationalisation
1 day ago
Global central banks’ use of reminbi swap lines hits 2‑year high amid rising demand for China’s currency
The latest increase highlights China’s drive for yuan internationalisation
1 day ago
Global central banks tap most yuan swap lines with China in two years
The latest increase highlights China’s drive for yuan internationalisation
1 day ago
Ford’s landmark deal with China EV battery maker CATL shows way for Trump, Xi to deepen ties
The two leaders have much else to discuss, from tariff rates to America’s attack on Iran and the energy crisis it’s caused
1 day ago
Ford’s landmark CATL deal shows way for Trump, Xi to deepen ties
Salamat Sanwan - The two leaders have much else to discuss, from tariff rates to America’s attack on Iran and the energy crisis it’s caused
1 day ago
OpenAI, Microsoft agree to cap revenue-sharing at $38 billion, The Information reports
May 11 : OpenAI and Microsoft agreed to cap total revenue-sharing payments at $38 billion, U.S. digital news outlet The Information reported on Monday, citing a person with knowledge of the arrangement.The development comes as OpenAI and Microsoft renegotiated a contract last month, making room for ...
1 day ago
OpenAI to cap Microsoft revenue-sharing at $38 billion, The Information reports
May 11 : OpenAI's revenue-sharing payments to Microsoft are now capped at $38 billion, The Information reported on Monday, citing a person with knowledge of the arrangement. Reuters could not immediately verify the report.
1 day ago
SIA Engineering closes 3.1% higher on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
1 day ago
SIA Engineering up over 4% on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
1 day ago
SIA Engineering up 4.4% on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
2 days ago
UBS courts Asia’s heirs as trillion‑dollar wealth transfer accelerates
Belle Neo - UBS's newly launched Global Next Gen Report demonstrates the bank's strategic engagement with the next generation of ultra-wealthy clients, just as it expects around US$83 trillion ($105.4 trillion) to change hands over the next two to three decades. The UBS Next Gen Report – based on a ...
2 days ago
Asia’s wealthy families shed taboo on succession planning as US$83 trillion changes hands: UBS
Jean Low - The inheriting generation is reshaping how family wealth is managed and who they trust to manage it
2 days ago
Gold steady as markets assess Middle East tensions ahead of US inflation data
Markets are also watching Trump’s two-day visit to China this week
2 days ago
Gold steady as traders track Strait of Hormuz stalemate, inflation risks
The deadlock in the strait has sent oil prices higher
2 days ago
Japan, US affirm close cooperation on currency moves
TOKYO, May 12 : Japan and the U.S. reaffirmed their close cooperation on currency moves, Japanese Finance Minister Satsuki Katayama told reporters after a meeting with her U.S. counterpart, Scott Bessent, on Tuesday."We discussed market developments, including exchange-rate moves," Katayam ...
2 days ago
Bessent hails Japan's economic resilience in meeting with Japan finance minister
TOKYO, May 12 : U.S. Treasury Secretary Scott Bessent on Tuesday praised Japan's economic resilience in the face of headwinds from the Middle East conflict."I wanted to congratulate you on the resiliency of the Japanese economy given what's happening in the Middle East," Bessent ...
2 days ago
Stocks to watch: OCBC, OUE, SIA Engineering Company, OUE Reit
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 12):
2 days ago
OUE unit issuing S$150 million 3.25% green notes due in 2033
Therese Soh - Issuance net proceeds will go towards financing or refinancing new or existing eligible green projects
2 days ago
Elon Musk, Apple’s Tim Cook expected to join Trump for Xi summit in China
Major business deals or purchases are often announced during summit meetings between China and the United States
2 days ago
BOJ debated near‑term rate hike at April meeting, opening door to June move
TOKYO, May 12 : Some Bank of Japan policymakers argued in April for raising rates soon, with one flagging the chance of a June move, highlighting a growing hawkish shift on the board as an oil shock from the Iran war raised pressure for near-term tightening.The benchmark 10-year Japanese government ...
2 days ago
Some in BOJ saw need to raise rates soon, April meeting summary shows
TOKYO, May 12 : Some Bank of Japan policymakers in April saw the need to raise interest rates soon, with one signalling the chance of accelerating the pace of hikes if inflationary risks heightened, a summary of opinions at last month's meeting showed on Tuesday."It is quite possible the B ...
2 days ago
Japan March household spending falls 2.9% year/year
TOKYO, May 12 : Japanese household spending fell more than expected in March from a year earlier, government data showed on Tuesday, extending declines to a fourth straight month. • Consumer spending fell 2.9 per cent year-on-year, internal affairs ministry data showed, compared with the median ma ...
2 days ago
China investors bet Xi-Trump meet to extend trade-detente rally
Markets do remain vulnerable to any negative surprises, with a setback in talks likely to reverse sentiment and erode recent gains
2 days ago
Developer of education tool Canvas issues apology after hack
WASHINGTON, May 11 : The developer of Canvas, widely used by U.S. institutions for grades and class materials, issued an apology after a hack that blocked students from accessing the education tool and involved student data being stolen by a cybercriminal hacking group."I'll start where ...