Business Headlines & Singapore Stock Market News

2 days ago

Singapore could face 12.5% US tariff after forced labour trade probe

The proposed levy is subject to comments and hearings that start in July

2 days ago

Singapore among countries facing proposed US levy of at least 10% over forced labour imports

The move is a major step in Trump’s push to reinstate the country-by-country tariffs

2 days ago

US proposes levies of at least 10% over forced labour as Trump rebuilds tariff wall

The move is a major step in Trump’s push to reinstate the country-by-country tariffs

2 days ago

As networks get smarter, telecom resilience will depend on trustworthy AI

Athul Prasad - Resilience in telecom used to mean keeping the network up. Today, that is no longer enough. As AI takes on a bigger role in how networks are managed, operators must keep services seamless even as infrastructure becomes more distributed and data becomes more sensitive. That is exactly the challenge r ...

2 days ago

Gold edges lower as uncertainty clouds talks to end US-Iran war

Bullion has moved largely in an inverse relationship with oil since hostilities broke out in late February

2 days ago

Gold eases on stronger oil as fresh Middle East hostilities erupt

Investors are now awaiting the US non-farm payroll data

2 days ago

Gold rises on softer US dollar, oil as markets weigh US-Iran peace optimism

Easing of the US dollar made greenback-priced bullion more affordable for holders of other currencies

2 days ago

Vietnam inflation accelerates in May, trade deficit widens to record high

HANOI, June 3 : Vietnam's inflation rate accelerated in May and its trade deficit widened from April to a record high, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent ...

2 days ago

Vietnam inflation accelerates in May, trade deficit widens

HANOI, June 3 : Vietnam's inflation rate accelerated in May and its trade deficit widened from April, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent in April, the Nat ...

2 days ago

NBA star Steph Curry signs 10-year deal with China's Li-Ning

The Golden State Warriors star called the deal with Li-Ning "the partnership of a lifetime" that will include global expansion of his Curry Brand, basketball products, a golf line, leisure clothing and the ability to sign other athletes to his brand.

2 days ago

Vin’s Holdings’ probe confirms fraud risks linked to S$44,300 irregular transactions involving ex-staff

Therese Soh - An external auditor confirms the transactions have no material impact on FY2025 financial statements issued previously

2 days ago

StanChart sees growth opportunities as firms reduce ‘single points of vulnerability’

Vivien Shiao - The shift is driving demand for cross-border banking in Asia, Africa and the Middle East, says a bank official

2 days ago

Land for 4,745 private homes supplied in H2 2026 GLS confirmed list, including Jurong Lake District white site

Kalpana Rashiwala - The Town Hall Link site will be launched for tender in July to advance the development of Jurong Lake District

2 days ago

RHB's Yeo maintains positive view on Food Empire, gives post-bonus issue target price of $3.36

The Edge Singapore - Alfie Yeo of RHB Bank Singapore has maintained his positive view on Food Empire Holdings, given how the company is well poised to capture growth ahead as it increases manufacturing capacity across various sites. In addition, the company's cost pressure is seen to ease somewhat with coffee price ...

2 days ago

Exclusive-SpaceX plans to set IPO price at $135 per share, targeting record $75 billion raise, source says

NEW YORK, June 2 : In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 ‌per share to raise a record-setting $75 billion, according to a source familiar with the matter.The rocket and satellite communications company plans to sell 555.6 mill ...

2 days ago

Exclusive-SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise, source says

2 days ago

Exclusive-SpaceX plans to price record-setting IPO at $135 per share, source says

NEW YORK, June 2 : Elon Musk's SpaceX plans to price its initial public offering at $135 per share, selling 555.6 million shares to raise $75 billion in the largest IPO ever, a source familiar with the matter told Reuters.Reuters reported earlier on Tuesday that the rocket and satellite communi ...

2 days ago

Exclusive-SpaceX plans to raise $75 billion in IPO at $135 per share, source says

NEW YORK, June 2 : SpaceX plans to raise $75 billion in its initial public offering by selling 555.6 million shares at a target price of $135 per share, a source familiar with the matter told Reuters.Reuters reported earlier on Tuesday that the rocket and satellite communications company hoped to ra ...

2 days ago

BOJ chief's remarks seen as signalling rate hike this month

TOKYO, June 3 : Bank of Japan Governor Kazuo Ueda said the central bank must discuss the pros and cons of raising interest rates if inflationary risks outweigh downside risks to the economy, in comments that signal a higher chance of a rate hike this month."Japan is currently in a situation in ...

2 days ago

BOJ chief vows to debate pros and cons of rate hike

TOKYO, June 3 : Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank must discuss the pros and cons of raising interest rates if inflationary risks outweigh downside risks to the economy."Japan is currently in a situation in which the secondary spillover effects of inflation ste ...

2 days ago

BOJ chief to deliver key speech as pressure mounts for June rate hike

TOKYO, June 3 : Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy.The speech, due at 0830 GMT, is in f ...

2 days ago

How China’s wealthy sidestep strict rules to get money out of the country

Tighter enforcement has made the practice riskier and less efficient than other schemes, although it still occurs

2 days ago

Japan's services activity stagnates in May as costs surge, PMI shows

TOKYO, June 3 : Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday.• The S&P Global final Japan ...

2 days ago

Oil prices rise as new Middle East hostilities flare and talks stall

June 3 : Oil prices climbed more than 1 per cent in early trade on Wednesday as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the United States showed little progress. Brent futures rose $1.05, or 1.09 per cent, a ...

2 days ago

Stocks to watch: ESR Reit, Del Monte Pacific, Vin’s Holdings

Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 3):

2 days ago

Nvidia’s PC push carries downside risk for AEM, but DBS maintains ‘buy’ with S$11.80 target

Deon Loke - AEM’s broader AI exposure, including data-centre GPU, should be less directly affected

2 days ago

Asian central banks turn hawkish as AI and oil shocks hit region

Government bond yields have risen across the region as traders price in a greater risk of policy tightening

2 days ago

Bank of England faces calls from UK lawmakers to ease stablecoin plans

LONDON, June 3 : British lawmakers urged the Bank of England on Wednesday to soften planned rules on stablecoins, warning that overly strict requirements could hinder the development of a nascent sterling-backed market.A cross-party House of Lords committee said the central bank should reconsider pr ...

2 days ago

Britain's reliance on US tech group Palantir is an 'unacceptable weakness," report says

LONDON, June 3 : A parliamentary committee singled out U.S. tech group Palantir as an instance of Britain's over-reliance on U.S. companies in the public sector, calling it an "unacceptable point of weakness" in a report on Wednesday.Among Palantir's high-profile contracts is one ...

2 days ago

UK lawmakers call Palantir's role in public sector an unacceptable weakness

2 days ago

‘Encouraging momentum’: Fund managers on Singapore’s S$6.5 billion equity push amid volatile markets

Ranamita Chakraborty - SGX says there is ‘strong support for the programme’s long‑term focus on market fundamentals’

2 days ago

Microsoft reveals new quantum chip made with AI, says it will have systems by 2029

The new target date puts the company on track to have quantum computers the same year as rival IBM

2 days ago

ChatGPT app hits 1 billion monthly active users in record time, data shows

June 2 : OpenAI's ChatGPT has crossed 1 billion global monthly active app users, becoming the fastest app ever to reach the milestone, according to estimates from market intelligence firm Sensor Tower.The record comes amid growing competition between Anthropic and OpenAI for dominance in the ra ...

2 days ago

Oil prices rise to one-week high as Iran reviews US proposal to halt war

Iran has effectively halted most non-Iranian shipping in and out of the Gulf since the war began

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers