2 days ago
Australia proposes consulting sector overhaul after scandals
Transgressions across high profile firms in recent years spark calls for an industry overhaul
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Uber-backed Lime raises $167 million in US IPO
June 30 : Lime, backed by Uber, raised $167 million in its U.S. initial public offering, joining a growing list of companies tapping a revived market for new listings.The company, formerly known as Neutron Holdings, sold 6.68 million shares at $25 per share, the midpoint of its marketed range of $24 ...
2 days ago
Uber-backed Lime prices IPO at $25 per share, Bloomberg News reports
June 30 : Uber-backed Lime has priced its U.S. initial public offering at $25 per share, the midpoint of the marketed range, Bloomberg News reported on Tuesday, citing a person familiar.Lime did not immediately respond to a Reuters request for comment outside regular business hours.
2 days ago
Asian stocks rise after US tech gains, yen steady
Stocks advance in Japan and South Korea, lifting the MSCI Asia-Pacific Index 0.3%
2 days ago
Private home prices inch up 0.5% while HDB resale prices slip further by 0.3% in Q2: flash data
Ry-Anne Lim - Landed homes and Core Central Region lead index with about 2% jump in prime market, as prices fall across other regions
2 days ago
Japan manufacturing extends growth, caps best quarter since Q1 2014, PMI shows
TOKYO, July 1 : Japan's manufacturing sector expanded in June, sealing its best quarterly performance since early 2014, as new orders grew at their fastest pace in more than two years, a business survey showed on Wednesday.Here are some key details.• The S&P Global Japan Manufacturing Pur ...
2 days ago
South Korea factory activity grows at slower pace as export demand weakens, PMI shows
SEOUL, July 1 : South Korea's factory activity expanded in June for the seventh consecutive month, though at a slower pace than the previous month on falling export demand, a survey showed on Wednesday. • The purchasing managers index (PMI), published by S&P Global, stood at 52.1 in June, ...
2 days ago
Oil falls over 1% as markets await outcome of Iran-US talks, US stocks data
LONDON, July 1 : Oil prices fell more than 1 per cent on Wednesday as talks between Iran and the U.S. aimed at reaching a final agreement to end their war continued and the market awaited data from the U.S. regarding stock draws. Brent futures fell $1.14, or 1.6 per cent, to $71.81 a barrel at 0859 ...
2 days ago
Oil edges higher as breakdown in Iran-US talks raises supply concerns
NEW DELHI, July 1 : Oil prices ticked higher on Wednesday on concerns a breakdown in talks between Iran and the U.S. for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.Brent futures rose 14 cents, or 0.19 per cent, to $73.09 a barrel at 0644 ...
2 days ago
Oil prices rise as breakdown in Iran-US talks raises supply concerns
NEW DELHI, July 1 : Oil prices rose on Wednesday on concerns breakdowns in discussions between Iran and the U.S. for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.Brent futures rose 33 cents, or 0.45 per cent, to $73.28 a barrel at 0339 GMT, ...
2 days ago
Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopes
July 1 : Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with U.S. envoys, a further strain on the interim ceasefire agreed between the two in the four-month-long war.Brent futures rose 50 cents or 0.69 per cent to $73.45 a barrel at 1208 GMT, ...
2 days ago
Stocks to watch: FCT, Lendlease Global Commercial Reit, Parkway Life Reit, Jumbo Group, ValueMax
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 1):
2 days ago
Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion
June 30 - Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a rare software IPO as the sector grapples with disruption from AI.The Italian sof ...
2 days ago
Gold steadies as US-Iran peace talks frame inflation outlook
Bullion held near US$4,000 an ounce, after giving up nearly 2% in the last two sessions
2 days ago
US lifts export controls on Anthropic’s Fable, Mythos AI models
Washington has stepped up oversight of new model releases to identify potential threats posed by advanced AI models
2 days ago
Japan business mood improves despite Middle East war, BOJ survey shows
TOKYO: Big Japanese manufacturers' sentiment improved in the three months to June to levels unseen since 2018, a closely watched survey showed on Wednesday (Jul 1), a sign the economy was weathering the energy shock from the Middle East conflict for now.But companies expect business conditions ...
2 days ago
Energy is the chokepoint for AI’s next growth phase, says DBS CIO
Jean Low - The bank recommends investors to add energy infrastructure alongside technology as AI power demand surges
2 days ago
Microsoft to reportedly cut under 2.5% of workforce in latest layoffs
Roles affected include those across sales and consulting, as well as jobs at the Xbox gaming division
2 days ago
Online retailer iHerb selects banks for US$500 million IPO this year: sources
The health and wellness company taps JPMorgan Chase, Morgan Stanley and Citigroup for the offering
2 days ago
Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
June 30 : Microsoft is planning to cut under 2.5 per cent of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing people familiar with the matter.The layoffs will impact thousands of roles, including sales and consul ...
2 days ago
Digital infrastructure firm ITG prices US IPO below range, raises $312 million
June 30 : Oaktree-backed ITG said on Tuesday it had priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. The digital infrastructure firm sold 19.5 million shares in the offering, initially marketed between $19 and $22 apiece.ITG provides end-to- ...
2 days ago
Boeing says IT outage affected computer systems, applications
June 30 : Boeing said on Tuesday that an unplanned IT outage affected some of its computer systems and applications.The outage "significantly disrupted" the aerospace firm's commercial and military production, the Air Current reported, citing people familiar with the issues.Boeing did ...
2 days ago
US lifts export controls on Anthropic's Fable, Mythos AI models
June 30 : Anthropic said on Tuesday that the U.S. Commerce Department has lifted export controls on its Claude Fable 5 and Mythos 5 AI models, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks."We'll begin rest ...
2 days ago
US to lift export controls on Anthropic's Fable AI model on Tuesday, source says
June 30 : The U.S. Commerce Department is expected to lift export controls on Anthropic's Fable 5 AI model on Tuesday, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks, according to a source familiar with the matte ...
2 days ago
DBS likes 'pick-and-shovel' firms as AI and energy drive new global capex supercycle
Lin Daoyi - A new capex supercycle is upon the world, believes the chief investment office (CIO) of DBS in a 2H2026 market outlook on June 30. Powered by artificial intelligence and energy, this period will see hyperscalers expand their spending “aggressively” as compute demand outpaces supply, new strategi ...
2 days ago
Strong year for insurance par funds, but bonuses stay the same for most
Genevieve Cua - Of eight par funds with 2025 updates, four made double-digit gains. But their longer-term track record is key
2 days ago
Oil prices little changed but set for steepest monthly and quarterly losses since 2020
Morgan Stanley says it now models an implied global oil market surplus of 4.8 million barrels per day in 2027
2 days ago
Apollo's Athene names ex-Goldman executive as Japan head to drive reinsurance push
TOKYO, July 1 : Athene, the insurance business of Apollo Global Management, has appointed Larik Hall as head of Japan, as the U.S. asset manager ramps up operations in the country, according to a company document reviewed by Reuters.Hall, previously a managing director at Goldman Sachs Ayco, will le ...
2 days ago
Europe’s STOXX 600 clocks biggest quarterly gain in over five years on AI boost
Travel and leisure stocks have bounced back, surging over 19% this quarter as consumer confidence returns
2 days ago
Kelvin Tay starts at Pictet Wealth Management as CIO for Asia
The Edge Singapore - Pictet Wealth Management has appointed Kelvin Tay as its chief investment officer for Asia, to support the growth of the Geneva-based bank’s business in this region. Tay, with over three decades of experience in investment research and asset allocation, was most recently CIO South Asia Pacific at ...
2 days ago
S&P 500, Nasdaq register best quarter since 2020 despite Iran war
The Dow Jones has its biggest quarterly jump since 2022
2 days ago
Dividend investing is a popular strategy with Singapore investors, but does it still make sense today?
Regular payouts offer a buffer against inflation and market volatility, but leaning too heavily on income assets can mean missing out on growth, experts say.
2 days ago
TikTok to settle with teen plaintiff before California social media trial, law firm says
June 30 : TikTok has agreed to settle a lawsuit brought by a teenager who claimed the platform damaged his mental health, a spokesperson for the plaintiff's law firm said Tuesday.The settlement was reached in principle, but the details have not yet been finalized, according to a spokesperson fo ...
2 days ago
TikTok settles with minor plaintiff ahead of second individual trial over social media harm to children, law firm says
CHICAGO, June 30 : TikTok has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, a spokesperson for a law firm representing the plaintiff said Tuesday.