2 days ago
India’s refiners delay maintenance to stabilise fuel supplies
The government has invoked emergency measures, directing refiners to maximise LPG output for safeguarding cooking fuel supplies for households
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Keppel Infrastructure Trust appoints Khor Poh Hwa as new chairman
Deon Loke - He previously served as the trustee-manager’s first chairman from 2010 to 2015
2 days ago
Stocks to watch: SIA, Keppel Infrastructure Trust, Nam Cheong, Prime US Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 7):
2 days ago
Asian coal bonds beat peers as Iran war triggers energy rethink
A benchmark for coal prices in Asia is hovering near a 17-month high
2 days ago
Broadcom signs long-term deal to develop Google’s custom AI chips
Demand for custom chips has surged in recent years
2 days ago
OpenAI, Anthropic, Google unite to combat model copying in China
Trump administration officials have signalled their openness to fostering information sharing among AI companies to rein in adversarial distillation
2 days ago
Japan February household spending falls 1.8% year-on-year
TOKYO, April 7 : Japanese household spending in February fell 1.8 per cent from a year earlier, internal affairs ministry data showed on Tuesday, versus the median market forecast for a 0.7 per cent fall.On a seasonally adjusted, month-on-month basis, spending increased 1.5 per cent, less than an es ...
2 days ago
Samsung flags eightfold jump in quarterly profit as AI chip demand pumps prices
The company will release details of its first-quarter earnings on April 30
2 days ago
Samsung flags eight-fold jump in Q1 profit as AI chip demand drives up prices
[SEOUL] Samsung Electronics on Tuesday projected a record-high first-quarter operating profit from a year earlier, beating expectations as booming demand for artificial...
2 days ago
Air India CEO Campbell Wilson resigns amid losses and regulatory scrutiny: source
The airline has lost money since being bought by Tata Group in 2022
2 days ago
Air India CEO Campbell Wilson resigns: report
The airline has lost money since being bought by Tata in 2022
2 days ago
Air New Zealand hikes fares, cuts flights as fuel costs more than double on Iran war
AIR New Zealand said on Tuesday it would slash flights across May and June as well as hike fares, as the Iran...
2 days ago
Tikehau Capital doubles fundraising from Asia as demand for European private credit grows
Benjamin Cher - The French firm is also stepping up deployment in Asia and aims to deepen its presence here
2 days ago
Analysts split on Singapore’s banking sector outlook even as safe-haven status remains ‘intact’
Chloe Lim - The Middle East conflict and closure of the Strait of Hormuz continue to cloud the road ahead
2 days ago
Record low vacancy pushes Singapore office rents up in Q1, tilts market in landlords’ favour
Chong Xin Wei - Global uncertainty and rising business costs may temper near-term demand, but scarce supply keeps rents stable and Reits resilient
2 days ago
US crude oil futures rise over $1 as Trump sharpens rhetoric on Iran
BENGALURU, April 7 : U.S. crude futures rose more than $1 on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the critical Strait of Hormuz.U.S. West Texas Intermediate crude futures gained $1.12, or 1.1 per cent, ...
2 days ago
Trump’s shipping waiver does not boost oil flows within US; fuel exports soar
Ship owners earn more sending vessels on longer journeys from the US to Asia
2 days ago
Samsung flags eightfold jump in quarterly profit as AI chip demand stokes prices
SEOUL: Samsung Electronics on Tuesday (Apr 7) projected its first-quarter earnings would exceed its entire profit for last year, beating expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices higher.The world's largest memory ch ...
2 days ago
Samsung flags eightfold jump in Q1 profit as AI chip demand drives up prices
SEOUL: Samsung Electronics on Tuesday (Apr 7) projected a record-high first-quarter profit, up more than eightfold from a year earlier and well above expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices higher.The world's larg ...
2 days ago
Helium shortage yet to hit Singapore's semicon, healthcare sectors, but prolonged disruption may push costs up
Helium is used in advanced chip production and in MRI machines in hospitals.
2 days ago
OpenAI urges California, Delaware to investigate Musk's 'anti-competitive behavior’
April 6 : OpenAI urged the California and Delaware attorneys general to consider investigating Elon Musk and his associates' "improper and anti-competitive behavior", ahead of a trial between the two sides set to begin this month. Musk sued OpenAI, its CEO Sam Altman and others in 202 ...
2 days ago
Oil rises in choppy trade; US, Iran rhetoric heats up
[HOUSTON] Oil prices climbed in choppy trade on Monday, as the US and Iran ratcheted up their rhetoric even as the two countries are...
2 days ago
US stocks: Wall Street ends higher as investors parse US-Iran negotiations, threats
US STOCKS advanced on Monday as investors looked for signs of progress toward a US-Iran ceasefire deal and evaluated President Donald Trump’s progressively...
2 days ago
Wall St ends higher as investors parse US-Iran negotiations, threats
US stocks rose on hopes for a US‑Iran ceasefire as Iran rejected a temporary truce and US President Donald Trump ramped up threats
2 days ago
Nvidia acquisition of SchedMD sparks worry among AI specialists about software access
TORONTO/SAN FRANCISCO, April 6 : A niche acquisition by Nvidia has raised concerns among artificial-intelligence and supercomputer specialists who see the move as a test of the biggest AI chip company's commitment to maintaining a fair playing field for chip rivals and AI data center builders.N ...
2 days ago
Amazon strikes deal with USPS that maintains 80% of package volume
WASHINGTON, April 6 : Amazon.com on Monday announced it reached a new agreement with the U.S. Postal Service on package deliveries, and sources said the cash-strapped mail system would retain about 80 per cent of its existing deliveries from its biggest customer.That 20 per cent cut is a dramaticall ...
2 days ago
Exclusive-Amazon says it has reached deal with US Postal Service on package deliveries
WASHINGTON, April 6 : Amazon.com said Monday it has reached a new agreement with the U.S. Postal Service on package deliveries.Sources told Reuters the deal will result in Amazon, which is USPS's largest single customer, retaining around 80 per cent of its existing deliveries with USPS, or more ...
2 days ago
Netflix debuts new 'Playground' gaming app for kids
April 6 : Netflix doubled down on its gaming efforts on Monday, launching a new app called "Netflix Playground" that would feature games built around popular children's characters such as Peppa Pig and Sesame Street. Analysts say the streaming giant's gaming efforts have yet to e ...
2 days ago
Trump says Iran could be ‘taken out’ on Tuesday, Hegseth says major strikes to come
Critics have said that the US president would be committing war crimes if the US attacks civilian power plants
2 days ago
Q&M's Ng increases deemed stake in both Q&M and Aoxin
Teo Zheng Long - Dr Ng Chin Siau, founder and CEO of Q&M Dental Group (SGX: QC7 ) (Q&M Dental), has tighten his grip on his growing dental chain and the separately-listed Aoxin Q&M Dental Group (SGX: 1D4 ) (Aoxin). On April 6, Quan Min Holdings, an entity used by Ng and related parties to control Q&M ...
2 days ago
Sunway’s IJM takeover bid lapses after falling short of acceptance threshold
Tan Ai Leng - Collapsed deal halts bid to create largest construction giant with market value nearing RM50 billion
2 days ago
HC Surgical acquires majority-stake in LS Lee Surgery for $1.23 million
The Edge Singapore - HC Surgical Specialists is acquiring a majority stake in a clinic for around $1.23 million, so as to broaden the range of medical services that can be offered. The clinic, LS Lee Surgery, is run by one Dr Lee Lip Seng, a specialist in gallstones, gallbladder, & bile duct surgery. HCSS, under CEO ...
2 days ago
Saudis raise Asia oil to record premium as war upends market
The conflict is forcing a shift in oil flows as the vital Strait of Hormuz remains largely shut
2 days ago
UltraGreen.ai's ID Nicky Tan raises stake after buying shares at below IPO price
The Edge Singapore - Tan Ng Kuang, an independent director of UltraGreen.ai, has added to his stake in medical company over recent two market days. Better known as Nicky Tan, he is known for leading a boutique corporate advisory firm nTan Corporate Advisory. On March 31, he paid an average of US$1.445 each for 20,000 sh ...