1 day ago
Keppel Q1 net profit dips on lower real estate contribution; Iran war yet to impact group
Shikhar Gupta - Recurring income improves year on year, on the back of higher income from operations and stable profits from asset management
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Keppel Q1 net profit slightly lower, says limited direct impact from Iran war
Shikhar Gupta - Recurring income improves year on year, on the back of higher income from operations and stable net profit from asset management
1 day ago
Stocks to watch: Keppel, CDL, CapitaLand China Trust, Oiltek, Kin Global
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 23):
1 day ago
CapitaLand China Trust reports 3.5% drop in Q1 NPI to 282.4 million yuan
Deon Loke - Gross revenue for the quarter falls 5.3% to 416.4 million yuan
1 day ago
IBM’s slower revenue growth fans AI worries, shares fall
Concerns that AI will eat into the software business have grown with the launch of tools that can automate routine corporate functions
1 day ago
South Korea fin minister, central bank chief to seek balanced mix of fiscal, monetary policies
SEOUL, April 23 : South Korea's Finance Minister Koo Yun-cheol and central bank Governor Shin Hyun Song on Thursday agreed to seek a balanced approach in conducting fiscal and monetary policies in their first official meeting since Shin took office this week. The two also agreed to "fundam ...
1 day ago
Goldman Sachs settles shareholder lawsuit over 1MDB scandal
US and Malaysian authorities have said that US$4.5 billion was syphoned away from the Malaysian sovereign wealth fund
1 day ago
CLCT's net property income for 1QFY2026 down 3.5% y-o-y to RMB282.4 mil
The Edge Singapore - CapitaLand China Trust's net property income for its 1QFY2026 was down 3.5% y-o-y to RMB282.4 million, with the absence of contribution from assets already divested. Excluding which, CLCT's NPI for the quarter was up 1.3% y-o-y. Gross revenue, also because of the divestment of CapitaMall Y ...
1 day ago
New Keppel's 1Q2026 net profit is slightly lower y-o-y
The Edge Singapore - In its 1QFY2026 business updates for the three months to Mar 31, net profit for the New Keppel, excluding the non-core portfolio for divestment and discontinued operations was slightly lower y-o-y. Stronger performance in the infrastructure and connectivity segments were offset by lower contribution ...
1 day ago
US and Iran deadlocked over Hormuz after Trump extends ceasefire
Iran’s gunboats fired on commercial ships in the strait on Apr 22
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Iran fires on Hormuz ships as US Navy intercepts oil tankers as peace talks remain in limbo
Around 800 vessels are still stuck in the Persian Gulf
1 day ago
Iran fires on Hormuz ships as US Navy intercepts oil tankers
Around 800 vessels are still stuck in the Persian Gulf
1 day ago
South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand
SEOUL, April 23 : South Korea's economy delivered its fastest growth in nearly six years last quarter, smashing forecasts as booming chip exports rode a global surge in AI investment, though rising risks from the Middle East war threaten to cut into the record earnings.Gross domestic product ex ...
1 day ago
South Korea economic growth roared past estimates in Q1, thanks to chips
SEOUL, April 23 : South Korea's economy beat expectations in the first quarter of 2026 to record the fastest growth since mid-2020, as booming semiconductor demand offset the drag of weak public spending, central bank data showed on Thursday. Gross domestic product expanded 1.7 per cent in the ...
1 day ago
Chip boom drives fastest South Korea growth in five years
SEOUL: Soaring semiconductor demand has driven South Korea's economy to its fastest growth in over five years, quarterly data from the central bank showed Thursday (Apr 23), as the Asian powerhouse brushed off risks from the Middle East war.The country's gross domestic product (GDP) jumped ...
1 day ago
Shareholder questions Singapore construction firm OKP’s large cash pile, board defends strategy
The company says maintaining a strong balance sheet, or financial position, is “fundamental” to operating in the construction sector
1 day ago
Not-so-sweet deal for Singapore’s refineries as they shift to US, alternative crudes
Benicia Tan - Variations in density and sulphur content present compatibility challenges
1 day ago
L’Oreal sales rise on demand for haircare and fragrances
The US beauty group has seen its shares tumble since confirming talks with Spain’s Puig Brands last month over a possible combination
1 day ago
SK Hynix sets record as quarterly profit jumps five-fold, says AI chip demand exceeds capacity
SEOUL, April 23 : South Korea's SK Hynix on Thursday set a record for quarterly profit with a five-fold jump in earnings and forecast AI chip demand would exceed manufacturing capacity, allaying concern about slowing AI spending by big tech firms.The outlook by the Nvidia supplier signals stron ...
1 day ago
Nvidia supplier SK Hynix's Q1 profit rises five-fold to a record high on AI boom
SEOUL, April 23 : South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit to a record high on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. The strong results underscore continued mom ...
1 day ago
Nvidia supplier SK Hynix's Q1 profit rises five-fold, meets forecasts
SEOUL, April 23 : South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. The strong results underscore continued momentum ...
1 day ago
Nvidia supplier SK Hynix Q1 profit rises more than five-fold, meets forecasts
SEOUL, April 23 : South Korea's SK Hynix posted more than a five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. "As AI evolves from large model training to ...
1 day ago
Nvidia supplier SK Hynix Q1 profit rises 406%, meets forecasts
SEOUL, April 23 : South Korea's SK Hynix posted more than a five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products. "As AI evolves from large model training to ...
1 day ago
Sias’ questions to listed companies are a valuable resource for all investors
They are based on financial performance, corporate strategy and governance
1 day ago
Tesla sharply increases spending plans as Elon Musk funds AI and robotic dreams
The company is in the middle of one of the most expensive bets in its history
1 day ago
Tesla becomes first customer for Intel’s advanced 14A chip technology
April 22 : Tesla's plans to use Intel's advanced 14A manufacturing process to make chips at its Terafab project, CEO Elon Musk said on Wednesday, making the company Intel's first major customer for the technology.The move marks a breakthrough for Intel, which has been trying to revamp ...
1 day ago
Intel lands key first customer for chip '14A' chip tech with Tesla's Terafab project, Musk says
April 22 : Tesla's Chief Executive Officer Elon Musk said on Wednesday the company plans to use Intel's advanced 14A manufacturing process to make chips at its Terafab project.The move marks a breakthrough for Intel, which has been trying to revamp its business to attract outside customers ...
1 day ago
Tesla's Musk says company plans to use Intel's 14A process for Terafab
April 22 : Tesla's Chief Executive Officer Elon Musk said on Wednesday the company plans to use Intel's advanced 14A manufacturing process to make chips at its Terafab project.The move marks a breakthrough for Intel, which has been trying to revamp its business to attract outside customers ...
1 day ago
Oil extends gain as peace negotiations between US and Iran stall
Trump has not set an end date for the extended ceasefire
1 day ago
Oil prices edge lower with no progress on US-Iran talks, Hormuz shipping still disrupted
Trump has not set an end date for the extended ceasefire
1 day ago
Oil up US$3 on drop in US fuel stocks, reports of gunfire hitting container ships in Hormuz
The European Union is considering requiring countries to hold stockpiles of jet fuel
1 day ago
Reebok plans major China comeback with up to 200 new stores
The heritage sportswear label is returning to mainland China in a big way, aiming to tap into rising demand for fitness, gym culture and performance fashion.
1 day ago
Commentary: Why emerging markets are dismissing bad Iran news
The fact that developing nations’ equities are able to rebound despite the bloc’s vulnerability to energy shocks shows there’s value in this space, says Shuli Ren for Bloomberg Opinion.
1 day ago
European stocks slip as Middle East tensions persist; earnings watched
Global markets have recouped most losses in April following the sharp sell-off after the US and Israel war on Iran