1 day ago
Hongkong Land shares jump as much as 7.4% after report of possible Marina One bid
Shikhar Gupta - The high-rise complex’s owner M+S has reportedly priced the asset at about S$5.7 billion
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Hongkong Land shares jump as much as 7.4% after report of multibillion-dollar Marina One bid
Shikhar Gupta - The high-rise complex’s owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 6% after report of multibillion-dollar Marina One bid
Shikhar Gupta - The high-rise complex’s owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 3.6% after report of multibillion-dollar Marina One bid
Shikhar Gupta - Marina One owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 3.6% after report of multi-billion dollar Marina One bid
Shikhar Gupta - Marina One owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Hongkong Land shares up 3.6% after report of Marina One bid
Shikhar Gupta - Marina One owner M+S has reportedly priced the asset at about S$5.7 billion
1 day ago
Indonesia targeting 2027 GDP growth in 5.9% to 7.5% range, minister says
JAKARTA, May 7 : Indonesia is targeting economic growth of between 5.9 per cent and 7.5 per cent in 2027, its planning minister said on Thursday, driven by investment, higher productivity and industry. Rachmat Pambudy revealed the GDP growth target while delivering the government's working plan ...
1 day ago
EU countries, lawmakers clinch provisional deal on watered-down AI rules
BRUSSELS, May 7 : EU countries and European Parliament lawmakers on Thursday agreed to watered-down landmark artificial intelligence rules, including delaying their implementation, in a move which critics say shows Europe caving to Big Tech.The tentative agreement, which needs to be formally endorse ...
1 day ago
EU countries, lawmakers strike provisional deal on watered-down AI rules
BRUSSELS, May 7 : EU countries and European Parliament lawmakers agreed on Thursday to watered-down landmark artificial intelligence rules, including delaying their implementation, following pressure from some governments and businesses."The Cyprus Presidency, representing the Council, and the ...
1 day ago
Philippines Q1 GDP up 2.8% on year, lower than expected
MANILA, May 7 : The Philippine economy grew 2.8 per cent in the first quarter, the statistics agency said on Thursday, lower than forecast, constrained by the crisis in the Middle East and a delayed budget passage. Economists in a Reuters poll had expected first quarter gross domestic product growth ...
1 day ago
Anthropic signs computing deal with SpaceX to meet AI demand
The artificial intelligence startup is a competitor to xAI, including for talent
1 day ago
Maybank and DBS keeps ‘buy’ on Coliwoo after 1HFY2026 results
Teo Zheng Long - Maybank Securities and DBS Group Research are keeping their respective “buy” call on Coliwoo (SGX: W8W ) following the recent 1HFY2026 results. In his May 7 report, Maybank Securities’ Eric Ong mentioned that Coliwoo’s 1HFY2026 topline rose by 16.6% y-o-y to $26.9 million, driven by higher o ...
1 day ago
Dollar on defensive as markets hope for best on Middle East
SYDNEY, May 7 : The dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-U.S. war supported oil-exposed currencies, while Tokyo resumed its verbal intervention in support of the yen keeping speculators cautious.Iran said on Wednesday it was reviewing a U.S. peace pro ...
1 day ago
Japan’s Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally
Wall Street indexes hit record highs overnight
1 day ago
Yen spikes to 10-week high and sparks intervention chatter
Japan has 30-intervention firepower but will wait for better timing to save reserves
1 day ago
Gold holds hefty gain as US-Iran truce hopes ease inflation fear
President Donald Trump has indicated on multiple occasions throughout the conflict that a deal is near, though none has materialised
1 day ago
Gold rises as buying interest counters concern over Strait of Hormuz clash
Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenback
1 day ago
China asks banks to pause new loans to US-sanctioned refiners
Tensions are escalating between the superpowers just weeks before a long-awaited meeting
1 day ago
Avi-Tech changes hands with founder Lim selling stake to Global Wave Venture
The Edge Singapore - Avi-Tech Holdings has a new controlling shareholder after Lim Eng Hong and his related parties sold their combined stake of 29.9% for $17 million, or 33 cents each. Following completion of the transaction, Lim, who founded the company in 1981, has stepped down from his roles as executive director, C ...
1 day ago
OpenAI is so yesterday — even for SoftBank
Global markets pivot from AI model makers to chipmakers tied to the data-centre boom
1 day ago
BYD, Tesla may face import caps as Canada works out China EV quota
Officials are now discussing whether to give various Chinese manufacturers a specific allocation within the 49,000 vehicles
1 day ago
Seeing steady growth ahead, DBS initiates 'buy' call on Kimly with 52 cent target price
The Edge Singapore - Chee Zheng Feng of DBS Group Research has initiated coverage of coffeeshop operator Kimly with a "buy" call and 52 cents target price, which is valued at a "reasonable" 18x forward PE and 4% forward yield, "broadly in line with defensive SGX consumer names." According t ...
1 day ago
Li Ka-shing plans more telecom sales in ‘cash is king’ strategy
CK Hutchison still operates telecom businesses in several European markets
1 day ago
Space analytics firm HawkEye raises $416 million in US IPO
May 6 : Space analytics firm HawkEye 360 has raised $416 million in its U.S. initial public offering, the company said on Wednesday.The Herndon, Virginia-based firm sold 16 million shares priced at $26 apiece in the IPO, giving it a valuation of roughly $2.42 billion. It had targeted a price range o ...
1 day ago
Stocks to watch: UOB, StarHub, Sats, AA Reit, Coliwoo, Avi-Tech Holdings
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 7):
1 day ago
Stocks to watch: UOB, StarHub, Sats, AA Reit, Coliwoo, Vin’s Holdings
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 7):
1 day ago
StarHub 1QFY2026 earnings down 81.3% y-o-y on lower revenue and margins
The Edge Singapore - StarHub has reported earnings of $5.9 million for its 1QFY2026, down 81.3% y-o-y, as service revenue dropped and operating costs increased. For the three months to March, the telco's service revenue was down 3.9% y-o-y to $445.7 million, due to lower consumer revenue. All three consumer segment ...
1 day ago
Asian stocks hit record high, dollar wobbles on Middle East peace deal hopes
SINGAPORE: Asian stocks soared to record highs on Thursday (May 7) while the US dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, althou
1 day ago
Japan's Nikkei surges past 61,000 for first time on earnings, Middle East optimism
The benchmark Nikkei 225 Index rose 3.38 per cent to an all-time high of 61,523.36 in early trading.
1 day ago
Sony, Singapore’s GIC to pay almost US$4 billion for Bieber, Neil Young catalogue
The deal is believed to be one of the largest such deals in music history
1 day ago
Sun Life quarterly profit jumps on Asia business strength
Canadian insurers have aggressively invested in Asia to capture market share in fast-growing markets and diversify their revenue base
1 day ago
Japan's Nikkei blazes past 63,000 on earnings, Iran peace optimism; JGBs rally
A potential deal to end the war, which started at the end of February, sent oil prices sliding nearly 8 per cent on Wednesday.
1 day ago
Japan's Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally
The benchmark Nikkei 225 Index rose 3.38 per cent to an all-time high of 61,523.36 in early trading.
1 day ago
Japan's Nikkei surges past 61,000 for first time on earnings, Mideast optimism
TOKYO, May 7 : Japan's Nikkei share average shot to a record high on Thursday as financial markets reopened after holidays, catching up with optimism over strong technology earnings and signs of a potential peace deal in the Middle East.The benchmark Nikkei 225 Index rose 3.38 per cent to an al ...