Oil prices rise on report US considering military options to break Iran deadlock
April 30 : Oil prices rose on Thursday on a report the U.S. is considering potential military action against Iran to break the deadlock in negotiations to end the war, increasing concerns of more supply disruptions to already curtailed Middle East exports. Brent crude futures for June rose $5.27, or ...
Oil prices extend gains as US-Iran war deadlock keeps supply off market
BEIJING, April 30 : Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the U.S.-Israeli war against Iran have deadlocked. Brent crude futures for June rose $1.91, or 1.62 per cent, to $119.94 a barrel a ...
Global oil price retreats after hitting 4-year high on concern of US-Iran war escalation
LONDON, April 30 : Global oil prices retreated after hitting a four-year high of more than $126 a barrel on Thursday on concerns that the U.S.-Iran war could worsen and lead to a protracted Middle East oil supply disruption that could hurt global economic growth.Earlier in the day, the market moved ...
Broker's Digest: Sanli Environmental, OCBC, Soon Hock, Ever Glory, UI Boustead REIT
The Edge Singapore - Sanli EnvironmentalPrice target: CGS International ‘add’ 33 cents
Gold edges higher as dip buyers emerge after three-day decline
Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring
Gold holds three-day decline as hawkish Fed flags inflation risk
Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring
Gold rebounds as US-Iran war concerns revive safe haven appeal
Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring
LG Energy Solution swings to loss amid weak North American EV demand
SEOUL, April 30 : South Korea's LG Energy Solution (LGES) swung to a loss on Thursday as battery demand from electric vehicle (EV) makers weakened, with automakers especially in North America limiting EV production. LGES, which supplies Tesla, General Motors and Hyundai Motor, posted an operati ...
LG Energy Solution swings to loss amid weak EV demand
SEOUL, April 30 : South Korea's LG Energy Solution (LGES) swung to a loss on Thursday as battery demand from electric vehicle (EV) makers weakened, with customers especially in North America continuing to operate at low utilisation rates for EVs. LGES, which supplies Tesla, General Motors and H ...
Opec+ likely to agree another oil output hike without UAE: sources
The increase is similar to last month’s hike of 206,000 bpd
Meta shares fall on concerns over AI spending, legal scrutiny
Meta Platforms raised its annual capital spending forecast on Wednesday (Apr 29), signaling plans to pour billions more into artificial intelligence infrastructure even as it confronts potential losses from a global youth backlash against social media.The Facebook and Instagram parent projected 2026 ...
Stocks to watch: DBS, Wilmar, Sheng Siong, Starhill Global Reit, CDLHT, CDL, Lum Chang Creations
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 30):
Stocks to watch: DBS, Wilmar, Sheng Siong, Starhill Global Reit, CDL Hospitality Trusts, City Developments Limited
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 30):
Anthropic considering funding offers at over US$900 billion value
The Claude maker has been on the hunt for more infrastructure to meet growing demand for its products
CDL Hospitality Trusts Q1 NPI rises 10.4% to S$33.1 million
Chloe Lim - Revenue up 5.9% for the quarter at S$67.1 million, driven by broad-based growth
Samsung Electronics sees robust AI demand after Q1 profit surges eightfold to set record
SEOUL, April 30 : Samsung Electronics said on Thursday its operating profit jumped eightfold to a record in the first quarter, underpinned by higher chip prices as an artificial intelligence boom led to a supply crunch.Samsung expects earnings to improve further in the second quarter, saying investm ...
Samsung Elec Q1 profit surges eightfold to a record
SEOUL, April 30 : Samsung Electronics said on Thursday its operating profit jumped eightfold to a record in the first quarter, underpinned by higher chip prices as an artificial intelligence boom led to a supply crunch.Samsung expects earnings to improve further in the second quarter, saying investm ...
Samsung Electronics sees robust AI demand after Q1 chip profit jumps almost 50-fold
SEOUL: Samsung Electronics on Thursday (Apr 30) reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects the momentum to continue as clients spend on AI infrastructure and drive up prices of its memory chips.The world's top memory chipmaker by sales also said ...
Australian banks warned frontier AI could create larger, faster cyber attacks
SYDNEY, April 30 : Australia's financial system regulator said on Thursday the country's banks were not keeping pace with AI industry developments, warning frontier AI systems such as Anthropic's Mythos had the potential to lead to larger and faster cyber attacks.In a letter to banks, ...
Australia calls for stronger AI risk controls at financial firms
April 30 : Australia's prudential watchdog warned on Thursday that many financial firms still lack the technical knowledge needed to effectively challenge AI-related risks, while calling for an overhaul in AI-related risk procedures.In a letter to the financial industry, the Australian Prudenti ...
Meta shares plunge on escalating concerns over AI spending spree
To offset its AI spending, the company has recently imposed a number of cost-cutting measures
Japan March factory output unexpectedly falls 0.5% month-on-month
TOKYO, April 30 : Japan's factory output unexpectedly fell 0.5 per cent in March from the previous month versus the median market forecast for a 1.1 per cent gain, hit by shrinking output in chemical and petroleum products, government data showed on Thursday.Manufacturers surveyed by the Minist ...
DBS' Q1 profit beats forecast; keeps 2026 outlook largely unchanged
SINGAPORE: DBS Group kept its 2026 outlook largely unchanged, with rate headwinds to income expected to be largely mitigated after Singapore's biggest bank on Thursday (Apr 30) posted a 1 per cent rise in first-quarter net profit as wealth management drove earnings."While
SoftBank plans to list AI and robotics firm Roze in US, FT reports
April 30 : Japan's SoftBank Group plans to create and list an AI and robotics company called Roze in the U.S. that will be involved in building data centres, the Financial Times reported on Thursday, citing people familiar with the matter.Roze could be listed as early as this year, and executiv ...
SoftBank plans to list new AI and robotics company in US, FT reports
April 29 : SoftBank Group is planning to create and list an AI and robotics company called Roze in the U.S. that will be involved in building data centres, the Financial Times reported on Thursday, citing people familiar with the matter.Roze could be listed as early as this year, and executives at S ...
Amazon reports higher spending to fuel cloud unit sales
The company has shuttered its Fresh grocery markets and cashierless Go convenience stores during the quarter
Microsoft cloud growth fails to ease investors’ AI concerns
Twenty million customers are now paying for Copilot, the company’s flagship AI application, up from 15 million in the prior quarter
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Paige Lim - Localisation and securing prime store locations are key priorities as the brand expands in the region, says its Apac CMO
DBS's 1Q2026 net profit is within expectations, up 1% y-o-y, 24% q-o-q
The Edge Singapore - DBS Group Holdings’ net profit for 1Q2026 rose 1% y-o-y and 24% q-o-q to $2.93 billion, within Bloomberg’s estimate of $2.91 billion. Return on equity was 17%. Net interest margin (NIM) fell to 1.89% during the quarter compared to 2.12% a year ago and 1.93% in 4Q2025. General provisions (ECL 1 a ...
Alphabet sales beat estimates on Google cloud, AI customers
The company has been spending billions on a plan to build enough data centres with powerful servers for itself and its cloud...
Anthropic weighs new funding round at valuation exceeding $900 billion, Bloomberg News reports
April 29 : Anthropic is weighing a funding round that would value the Claude maker at over $900 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.• The artificial intelligence startup is entertaining offers at more than double its current valuation, though the c ...
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1; raises full-year guidance
Renald Yeo - The lender declares a dividend of S$0.81 per share, up from S$0.75 a year ago
DBS Q1 net profit up 1% at S$2.93 billion on record wealth management fees, beating forecasts
Renald Yeo - The lender declares a dividend of S$0.81 per share
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1
Renald Yeo - The lender declares a dividend of S$0.81 per share, up from S$0.75 a year ago
