1 day ago
UBS beats profit expectations on market volatility
Markets have remained broadly resilient so far in the second quarter, the bank says
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Philippine taxis hit by fuel price hikes get electric lifeline from VinFast, Grab
Manila’s cab industry is turning a volatile energy crisis into an opportunity for modernisation
1 day ago
Mercedes reports narrower-than-forecast profit slump in first quarter
Redundancies and cost-cutting stemmed losses
1 day ago
Samsung dynasty’s wealth doubles to US$45 billion in just one year
The family are now Asia’s third-richest family, up from 10th last year
1 day ago
Sopra Steria sales rebound on defence and consulting spend, driving up shares
April 29 : French IT group Sopra Steria reported a 3.2 per cent organic rise in its first-quarter revenue to 1.5 billion euros ($1.8 billion) on Wednesday, a second consecutive quarter of growth driven by improvements in its core business, which sent its shares more than 11 per cent higher.Sopra Ste ...
1 day ago
IT firm Sopra Steria's sales rise on defence and consulting spending in Europe
April 29 : French IT group Sopra Steria on Wednesday reported a 3.2 per cent organic rise in its first-quarter revenue to 1.5 billion euros ($1.8 billion), driven by business improvements across its core business.The company said the completion of a programme for Sparda banks, planned since 2023, ne ...
1 day ago
IT group Sopra Steria posts 3.2% organic rise in first-quarter revenue
(Corrects organic growth to 3.2 per cent, not 3.4 per cent, in headline and paragraph 1)April 29 : French IT group Sopra Steria on Wednesday reported 3.2 per cent organic growth in its first-quarter revenue to 1.5 billion euros ($1.8 billion), driven by business improvements across its business regi ...
1 day ago
No further action by police after probe into SPH Media’s circulation figures
The statement comes after the media company filed a police report on Jun 21, 2023
1 day ago
SP Mobility, ComfortDelGro Engie bag contracts to deploy EV fast-charging hubs in HDB towns
Shikhar Gupta - Each site will feature six to eight 50 kilowatt fast chargers
1 day ago
South Korea exports seen rising sharply again in April on chip boom: Reuters poll
SEOUL, April 29 : South Korean exports likely rose in April for an 11th straight month, with a surge in chip demand driven by artificial intelligence investment more than offsetting a hit from the Middle East conflict, a Reuters poll showed on Wednesday.Import growth and consumer inflation were seen ...
1 day ago
China’s Meta backlash renders Manus model ‘officially dead’
Beijing is piling on the pressure just as startups grapple with escalating geopolitical tensions
1 day ago
Küche: Smarter precision for the modern home
The Edge Singapore - As smart home adoption grows in Singapore, modern home solutions are becoming a more important consideration for homeowners, interior designers and property developers in shaping homes that are sleek, practical and future-ready. That is where the Küche Intelligent Gas Hob comes in. Designed for pre ...
1 day ago
Australian shares pare losses after softer core inflation cools rate-hike bets
AUSTRALIAN shares pared losses on Wednesday afternoon (Apr 29) after a key trimmed mean measure of core inflation indicated price pressures may...
1 day ago
Aspial Lifestyle moving to SGX mainboard on May 4 after meeting public float requirement
Therese Soh - Parent Aspial Corp divests 10 million shares, raising subsidiary’s public float above 15%
1 day ago
MUFG to foray into Indian real estate, expand forex derivatives
The bank has been scaling up in India, with its investment in Shriram Finance marking a big move
1 day ago
MUFG to make foray into Indian real estate, expand forex derivatives
The bank has been scaling up in India, with its investment in Shriram Finance marking a big move
1 day ago
Taiwan's TSMC exits Arm with $231 million share sale
TAIPEI, April 29 : Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, has sold its remaining stake in Arm Holdings, according to a company filing on Wednesday.Its subsidiary, TSMC Partners, sold 1.11 million Arm shares from April 28 to 29 at $207.65 each, for a total of ...
1 day ago
SATS apologises after video shows rough handling of luggage at Changi Airport
A service crew member was seen tossing luggage onto a baggage belt, behaviour that SATS said "does not reflect" its service standards.
1 day ago
South Korea's watchdog names Coupang founder as controlling entity
SEOUL, April 29 : South Korea's Fair Trade Commission (FTC) on Wednesday designated Kim Bom, the founder of U.S.-listed e-commerce firm Coupang, as the de facto controlling entity of the company, a move that could subject it to more strict regulatory scrutiny.The FTC's decision came after ...
1 day ago
White House drafts guidance to bypass Anthropic's risk flag for new AI models, Axios reports
April 28 : The White House is developing guidance that could allow federal agencies to sidestep Anthropic's supply-chain risk designation and onboard new artificial intelligence models, including Mythos, Axios reported on Tuesday. A draft executive action under consideration could provide the T ...
1 day ago
New Zealand central banker says Q1 core inflation was stable within target band
[WELLINGTON] New Zealand’s top central banker on Wednesday said that measures of core inflation in the first quarter had remained stable within...
1 day ago
Are stock markets in denial about the true cost of Iran war?
Macro risks suggest that the markets are too sanguine and may be mispricing the impact of the war
1 day ago
Countries have collective interest to keep critical sea lanes open and secure: Zhulkarnain
The closure of the Strait of Hormuz has put key maritime chokepoints under the spotlight
1 day ago
Goldman Sachs bars Hong Kong bankers from using Anthropic AI, source says
Other mainstream models such as Gemini and ChatGPT were still available to staff
1 day ago
Hong Leong Asia offers 50 mil new shares at $2.90 each
Lin Daoyi - Conglomerate Hong Leong Asia (HLA) is offering 50 million new ordinary shares at a placement price of $2.90, according to a bourse filing on April 29. The placement price represents a discount of approximately 5.76% to the volume weighted average price of $3.0771 for trades done on the Singapore sto ...
1 day ago
Oil rises on reports US will extend Iran blockade, prolonging Mideast supply disruptions
BEIJING: Oil prices rose on Wednesday (Apr 29), extending a multi-day rally, on reports that the US will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region.US President Donald Trump has instructed aides to prepare for an extended bloc ...
1 day ago
Oil extends rally as market focuses on Hormuz disruption
The Strait of Hormuz shutdown is prompting moves to pull stock from global inventories, with market sources saying late on Tuesday that the American Petroleum Institute reported US crude oil inventories fell for a second week.
1 day ago
US warns of sanctions risks for Chinese refiners of Iranian oil
The move risks adding yet another irritant for China ahead of an expected summit between US President Donald Trump and China’s Xi...
1 day ago
The UOB ‘gardener’ who helps clients ‘sleep well at night’
Lin Daoyi - When news of the Covid-19 virus began to trickle in and some countries began imposing travel restrictions, Benny Lee and his colleagues at United Overseas Bank (UOB) swung into action. Recognising the significant market impact, they quickly helped clients cash out of their investments and raise cash ...
1 day ago
Trump urges Iran to sign a deal after report suggests US may extend blockade
Oil prices rise on Hormuz disruption fears while conflict resolution efforts remain at a standstill
1 day ago
Gold steady as markets await Powell’s comments on Iran war impact
Investors expect the Fed to hold interest rates steady at the end of its two-day meeting, ending later in the day
1 day ago
EU countries, lawmakers fail to reach deal on watered-down AI rules
[BRUSSELS] EU countries and European Parliament lawmakers failed to reach a deal on watered-down landmark artificial intelligence rules after 12 hours of...
1 day ago
India airlines warn of flight suspensions as war drives up fuel cost
Fuel accounts for as much as 40% of an airline’s operating expenses
1 day ago
Citadel Securities expands in Asia with big hires, block trades
The firm uses its proprietary data and analytics to help clients make better decisions