https://www.businesstimes.com.sg/ THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times. en-US https://www.businesstimes.com.sg/favicon.ico https://www.businesstimes.com.sg/ 32 32 https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-wall-street-gains-chips-rebound-middle-east-tensions-ease Mon, 08 Jun 2026 14:49:34 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/us-stocks-wall-street-gains-chips-rebound-middle-east-tensions-ease WALL Street’s major indexes advanced on Monday (Jun 8), as chipmakers bounced back from a sharp selloff last week, while investors took... https://www.businesstimes.com.sg/international/uk-sets-out-ps1-1-billion-ai-hardware-plan-supercomputer-chip-funding Mon, 08 Jun 2026 14:15:45 +0000 International Companies & Markets Telcos, Media & Tech /international/uk-sets-out-ps1-1-billion-ai-hardware-plan-supercomputer-chip-funding £120 million will be set aside to help British companies to design, develop and test novel chips https://www.businesstimes.com.sg/international/us-dollar-eases-slightly-after-iran-says-attacks-israel-have-ended Mon, 08 Jun 2026 13:50:39 +0000 Sharon Lee International Banking & Finance Companies & Markets /international/us-dollar-eases-slightly-after-iran-says-attacks-israel-have-ended The greenback held most of the gains made on the back of Friday’s non-farm payrolls report https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-investors-look-ai-power-next-leg-gains Mon, 08 Jun 2026 13:18:15 +0000 Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/apple-investors-look-ai-power-next-leg-gains Apple shares have largely managed to defy gravity for much of the last two years despite the lack of an AI offering https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/jj-buy-cancer-drug-technology-developer-firefly-bio-us1-billion Mon, 08 Jun 2026 12:52:01 +0000 Consumer & Healthcare Companies & Markets /companies-markets/consumer-healthcare/jj-buy-cancer-drug-technology-developer-firefly-bio-us1-billion JOHNSON & Johnson said on Monday (Jun 8) it will acquire biotech Firefly Bio for US$1 billion in cash, as it looks... https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-steadies-after-us60000-breach-saylor-hints-buying Mon, 08 Jun 2026 12:26:27 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bitcoin-steadies-after-us60000-breach-saylor-hints-buying Sentiment remains shaky, says an analyst https://www.businesstimes.com.sg/international/asean/indonesia-asks-police-probe-hundreds-firms-palm-prices Mon, 08 Jun 2026 11:21:39 +0000 Asean Companies & Markets Energy & Commodities International /international/asean/indonesia-asks-police-probe-hundreds-firms-palm-prices About 270 to 300 firms have not adjusted their prices over the past few days https://www.businesstimes.com.sg/international/universal-music-sounds-out-investors-one-billion-euro-bond-sale Mon, 08 Jun 2026 11:16:00 +0000 International Companies & Markets /international/universal-music-sounds-out-investors-one-billion-euro-bond-sale It includes a 4 and 10-year tranche, each with an expected size of 500 million euros, a source says https://www.businesstimes.com.sg/companies-markets/aem-top-glove-among-additions-iedge-singapore-next-50-indices-june-review Mon, 08 Jun 2026 11:05:26 +0000 Benjamin Cher Companies & Markets /companies-markets/aem-top-glove-among-additions-iedge-singapore-next-50-indices-june-review Technology-related companies now make up about 26.2% of these indices https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/tencent-seeks-us4-billion-us-dollar-bond-and-offshore-yuan-bond-sale-sources Mon, 08 Jun 2026 10:44:52 +0000 Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/tencent-seeks-us4-billion-us-dollar-bond-and-offshore-yuan-bond-sale-sources This is part of its US$30 billion global medium-term note programme, proceeds will be for general corporate purposes https://www.businesstimes.com.sg/companies-markets/singapore-stocks-retreat-following-ai-headwind-fears-sti-closes-lower Mon, 08 Jun 2026 10:42:29 +0000 Chloe Lim Companies & Markets Capital Markets & Currencies /companies-markets/singapore-stocks-retreat-following-ai-headwind-fears-sti-closes-lower The benchmark index falls 1.7% to close at 4,963.67 https://www.businesstimes.com.sg/companies-markets/transport-logistics/china-car-sales-downturn-extends-may-volkswagen-tests-ev-revamp Mon, 08 Jun 2026 09:57:01 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/china-car-sales-downturn-extends-may-volkswagen-tests-ev-revamp Exports grow 75.1% but the increase isn’t enough to counter the domestic slump https://www.businesstimes.com.sg/companies-markets/banking-finance/human-judgment-vital-even-ais-introduction-hsbc-ceo Mon, 08 Jun 2026 09:55:06 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/human-judgment-vital-even-ais-introduction-hsbc-ceo He insists people are still key, and that it can even mean more hiring in the future https://www.businesstimes.com.sg/companies-markets/energy-commodities/eni-and-petronas-launch-gas-joint-venture-south-east-asia Mon, 08 Jun 2026 08:55:25 +0000 Energy & Commodities Asean Companies & Markets International /companies-markets/energy-commodities/eni-and-petronas-launch-gas-joint-venture-south-east-asia The new company will start from an initial production base of over 300,000 barrels of oil equivalent per day https://www.businesstimes.com.sg/companies-markets/banking-finance/italys-top-bank-intesa-launches-unsolicited-30-6-billion-euro-bid-rival-monte-dei-paschi Mon, 08 Jun 2026 08:53:36 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/italys-top-bank-intesa-launches-unsolicited-30-6-billion-euro-bid-rival-monte-dei-paschi The merged entity will be eurozone’s second-biggest by market value, with a capitalisation of 126 billion euros https://www.businesstimes.com.sg/companies-markets/spacex-ipo-will-not-break-capital-markets-add-strains Mon, 08 Jun 2026 08:30:00 +0000 Companies & Markets /companies-markets/spacex-ipo-will-not-break-capital-markets-add-strains The stock debut will widen the valuation gap between the constituents of indices and the companies outside them https://www.businesstimes.com.sg/international/uk-pm-starmer-set-ban-harmful-social-media-under-16s Mon, 08 Jun 2026 08:21:06 +0000 International Companies & Markets Telcos, Media & Tech /international/uk-pm-starmer-set-ban-harmful-social-media-under-16s France, Denmark and Poland are also considering tightening rules around social media use for children https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/europes-stoxx-600-hits-two-week-low-middle-east-escalation-ai-jitters Mon, 08 Jun 2026 08:05:32 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/europes-stoxx-600-hits-two-week-low-middle-east-escalation-ai-jitters EUROPE’S Stoxx 600 share index slid to a two-week low on Monday (June 8), weighed by escalating tensions in the Middle East... https://www.businesstimes.com.sg/companies-markets/carlsberg-nears-filing-us700-million-india-ipo-sources Mon, 08 Jun 2026 07:47:24 +0000 Companies & Markets /companies-markets/carlsberg-nears-filing-us700-million-india-ipo-sources It is working with Kotak Mahindra Capital and local units of JPMorgan Chase and Citigroup on the share sale https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-koreas-kospi-craters-over-8-fed-fears-spark-tech-rout Mon, 08 Jun 2026 07:38:38 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/south-koreas-kospi-craters-over-8-fed-fears-spark-tech-rout President Lee Jae Myung said the market was “still undervalued” https://www.businesstimes.com.sg/international/south-korea-names-first-female-pm-decades-lead-ai-push Mon, 08 Jun 2026 06:43:05 +0000 International Companies & Markets Telcos, Media & Tech /international/south-korea-names-first-female-pm-decades-lead-ai-push She would become the first woman to hold the post since former PM Han Myeong Sook in 2006 https://www.businesstimes.com.sg/companies-markets/energy-commodities/singapore-well-placed-be-aseans-gold-trading-hub-regional-duties-rise-analysts Mon, 08 Jun 2026 06:00:00 +0000 Benicia Tan Energy & Commodities Capital Markets & Currencies Companies & Markets /companies-markets/energy-commodities/singapore-well-placed-be-aseans-gold-trading-hub-regional-duties-rise-analysts Creating enough market depth and building the necessary infrastructure is thus a priority, they add  https://www.businesstimes.com.sg/companies-markets/transport-logistics/hormuz-strait-will-be-open-transit-fees-iran-envoy-moscow-quoted Mon, 08 Jun 2026 05:28:05 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/hormuz-strait-will-be-open-transit-fees-iran-envoy-moscow-quoted Several tankers have managed to leave the Gulf recently, but oil and liquefied natural gas flows are still severely constrained https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/how-few-ai-chip-giants-warped-asias-stock-picking-game Mon, 08 Jun 2026 05:00:14 +0000 Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/how-few-ai-chip-giants-warped-asias-stock-picking-game TSMC, Samsung and SK Hynix make up a third of MSCI Asia-ex-Japan, raising concentration risks https://www.businesstimes.com.sg/international/global/chinas-global-e-commerce-push-stalls-iran-war-lifts-costs-dampens-demand Mon, 08 Jun 2026 04:56:20 +0000 Global Companies & Markets International Telcos, Media & Tech /international/global/chinas-global-e-commerce-push-stalls-iran-war-lifts-costs-dampens-demand Exports are still much higher than they were two years ago https://www.businesstimes.com.sg/companies-markets/ocbc-offer-physical-gold-trading-services-institutional-bos-private-banking-clients-jun-10 Mon, 08 Jun 2026 04:23:29 +0000 Jermaine Fok Companies & Markets Banking & Finance /companies-markets/ocbc-offer-physical-gold-trading-services-institutional-bos-private-banking-clients-jun-10 Offerings are available in 12.4 kg and 1 kg sizes https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/indonesias-foreign-reserves-suffer-longest-decline-2018 Mon, 08 Jun 2026 04:15:44 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/indonesias-foreign-reserves-suffer-longest-decline-2018 Foreign investors have pulled more than US$3.5 billion from Indonesian stocks https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sell-tech-stocks-buying-opportunity-nvidia-ceo-says Mon, 08 Jun 2026 03:42:09 +0000 Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/sell-tech-stocks-buying-opportunity-nvidia-ceo-says Fears of overheating in the AI trade have cooled global tech stocks https://www.businesstimes.com.sg/lifestyle/nasa-wear-prada-luxury-group-pushes-space-industry Mon, 08 Jun 2026 03:39:14 +0000 Lifestyle Companies & Markets /lifestyle/nasa-wear-prada-luxury-group-pushes-space-industry Luxury brands have long drawn inspiration from space travel https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-jumps-iran-and-israel-exchange-fire-ceasefire-risk Mon, 08 Jun 2026 03:36:51 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/oil-jumps-iran-and-israel-exchange-fire-ceasefire-risk Even if a US-Iran peace deal is agreed, multiple hurdles will impede normal resumption of oil flows https://www.businesstimes.com.sg/companies-markets/uob-appoints-new-ceos-china-and-hong-kong-offices Mon, 08 Jun 2026 03:09:39 +0000 Deon Loke Companies & Markets New Articles /companies-markets/uob-appoints-new-ceos-china-and-hong-kong-offices The leadership changes are part of the bank’s efforts to deepen regional connectivity https://www.businesstimes.com.sg/international/global/spacexs-us1-75-trillion-ipo-how-retail-investors-including-those-singapore-can-buy-shares Mon, 08 Jun 2026 02:57:48 +0000 Global Companies & Markets International /international/global/spacexs-us1-75-trillion-ipo-how-retail-investors-including-those-singapore-can-buy-shares The company has reportedly earmarked as much as 30% or US$22.5 billion in shares for retail investors https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-extends-losses-us-interest-rate-hike-fears Mon, 08 Jun 2026 02:11:57 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/gold-extends-losses-us-interest-rate-hike-fears Oil prices rise more than US$2 a barrel on Monday https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/tech-rout-sweeps-asia-ai-rally-jitters-spark-sell Mon, 08 Jun 2026 01:49:28 +0000 Shikhar Gupta Capital Markets & Currencies Companies & Markets Telcos, Media & Tech /companies-markets/capital-markets-currencies/tech-rout-sweeps-asia-ai-rally-jitters-spark-sell The Kospi sinks 8.3%, led by steep losses in chipmakers https://www.businesstimes.com.sg/international/mainland-chinese-savers-flock-hong-kong-regulators-tighten-capital-controls Mon, 08 Jun 2026 01:39:44 +0000 International Banking & Finance Companies & Markets /international/mainland-chinese-savers-flock-hong-kong-regulators-tighten-capital-controls Investors explore offshore company setups as alternative for overseas market access https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-clinches-deals-south-korean-giants-including-sk-group-advance-ai-boom Mon, 08 Jun 2026 00:48:25 +0000 Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/nvidia-clinches-deals-south-korean-giants-including-sk-group-advance-ai-boom The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea https://www.businesstimes.com.sg/companies-markets/stocks-watch-singtel-sia-engineering-ums-samudera-shipping-lum-chang-creations Mon, 08 Jun 2026 00:37:52 +0000 Deon Loke Companies & Markets Capital Markets & Currencies /companies-markets/stocks-watch-singtel-sia-engineering-ums-samudera-shipping-lum-chang-creations [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 8): https://www.businesstimes.com.sg/companies-markets/lum-chang-creations-says-still-evaluating-mainboard-transfer-due-market-volatility Mon, 08 Jun 2026 00:14:57 +0000 Shikhar Gupta Companies & Markets /companies-markets/lum-chang-creations-says-still-evaluating-mainboard-transfer-due-market-volatility Company adds it will also hold off on the listing and quotation of the bonus shares https://www.businesstimes.com.sg/international/ai-linked-layoffs-us-spark-new-wave-one-person-start-ups Sun, 07 Jun 2026 23:22:36 +0000 International Companies & Markets Telcos, Media & Tech /international/ai-linked-layoffs-us-spark-new-wave-one-person-start-ups Over 100 tech companies cut more than 115,000 jobs in the first quarter of 2026 https://www.businesstimes.com.sg/companies-markets/transport-logistics/airlines-see-gains-wearing-persian-gulf-rivals-absence Sun, 07 Jun 2026 23:06:18 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/airlines-see-gains-wearing-persian-gulf-rivals-absence For now, some carriers have sought to benefit from the regional competitive dislocation https://www.businesstimes.com.sg/opinion-features/have-we-become-too-optimistic-about-stocks Sun, 07 Jun 2026 23:00:00 +0000 Ben Paul Opinion & Features Companies & Markets Wealth Wealth & Investing /opinion-features/have-we-become-too-optimistic-about-stocks With the major banks funnelling resources into their wealth franchises, investors could be about to face an avalanche of sales calls https://www.businesstimes.com.sg/companies-markets/dbs-research-and-uobkh-eye-singtel-venture-top-picks-june Sun, 07 Jun 2026 23:00:00 +0000 Deon Loke Companies & Markets /companies-markets/dbs-research-and-uobkh-eye-singtel-venture-top-picks-june Singtel’s 18% drop from a March peak is an ‘opportunity to add’, while Venture’s revenue may be boosted by AI https://www.businesstimes.com.sg/companies-markets/nasdaq-100-advances-uncharted-territory Sun, 07 Jun 2026 23:00:00 +0000 Companies & Markets /companies-markets/nasdaq-100-advances-uncharted-territory As at Jun 4, the Nasdaq-100 continued its remarkable advance, reaching an all-time high at 30,762 before closing at about 30,407. https://www.businesstimes.com.sg/companies-markets/energy-commodities/opec-boost-oil-production-us-iran-ceasefire-remains-elusive Sun, 07 Jun 2026 22:43:55 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/opec-boost-oil-production-us-iran-ceasefire-remains-elusive The effective shutdown of Hormuz makes the increase largely symbolic https://www.businesstimes.com.sg/companies-markets/banking-finance/banks-lay-groundwork-mass-workforce-cuts-ai-takes-hold Sun, 07 Jun 2026 22:00:00 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/banks-lay-groundwork-mass-workforce-cuts-ai-takes-hold Recent comments by CEOs leave industry workers dazed about whether their jobs are safe https://www.businesstimes.com.sg/companies-markets/banking-finance/trump-says-fed-rate-increase-would-be-wrong-again-calls-cut Sun, 07 Jun 2026 15:34:44 +0000 Banking & Finance Companies & Markets International New Articles /companies-markets/banking-finance/trump-says-fed-rate-increase-would-be-wrong-again-calls-cut Rate-hike expectations were reinforced after a hot May jobs report on Friday  https://www.businesstimes.com.sg/companies-markets/samudera-shipping-chartered-vessel-sinks-en-route-singapore-pasir-gudang Sun, 07 Jun 2026 15:19:16 +0000 Ry-Anne Lim Companies & Markets /companies-markets/samudera-shipping-chartered-vessel-sinks-en-route-singapore-pasir-gudang All crew members safe; group does not expect incident to have any significant impact to its business https://www.businesstimes.com.sg/companies-markets/south-korea-unveils-measures-stem-won-slide-curb-speculation Sun, 07 Jun 2026 10:35:30 +0000 Companies & Markets /companies-markets/south-korea-unveils-measures-stem-won-slide-curb-speculation These include tighter scrutiny of offshore currency derivatives and probes into potentially illegal FX transactions https://www.businesstimes.com.sg/companies-markets/sia-engineering-frances-safran-us118-million-jv-aircraft-engine-maintenance-singapore Sun, 07 Jun 2026 09:26:20 +0000 Ry-Anne Lim Companies & Markets /companies-markets/sia-engineering-frances-safran-us118-million-jv-aircraft-engine-maintenance-singapore The two will establish a full-fledged shop for maintenance of CFM Leap aircraft engines https://www.businesstimes.com.sg/companies-markets/transport-logistics/british-airways-says-fare-increases-more-likely-after-main-summer-season Sun, 07 Jun 2026 09:04:16 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/british-airways-says-fare-increases-more-likely-after-main-summer-season Airlines across the world are grappling with higher fuel costs because of the Iran war https://www.businesstimes.com.sg/companies-markets/new-s10-million-hq-jumbo-group-looks-shanghai-focused-china-strategy-premium-dining-growth Sun, 07 Jun 2026 08:00:00 +0000 Paige Lim Companies & Markets Singapore /companies-markets/new-s10-million-hq-jumbo-group-looks-shanghai-focused-china-strategy-premium-dining-growth Group CEO Ang Kiam Meng is confident that the group’s bottom line will improve in FY2027 as its investments begin to bear... https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/openai-plans-chatgpt-superapp-overhaul-ahead-listing-reports-ft Sun, 07 Jun 2026 07:19:13 +0000 Telcos, Media & Tech Companies & Markets Startups & Tech Technology /companies-markets/telcos-media-tech/openai-plans-chatgpt-superapp-overhaul-ahead-listing-reports-ft Overhaul will give greater prominence and resources to OpenAI’s coding product Codex and is set to roll out in the coming weeks https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/worlds-hottest-market-south-korea-has-bulls-reaching-protection Sun, 07 Jun 2026 06:59:53 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/worlds-hottest-market-south-korea-has-bulls-reaching-protection Many investors are becoming pickier about where to put new money and keeping cash ready for opportunities elsewhere  https://www.businesstimes.com.sg/companies-markets/transport-logistics/global-airlines-slash-2026-profit-forecast-fuel-shock-iran-war Sun, 07 Jun 2026 05:01:09 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/global-airlines-slash-2026-profit-forecast-fuel-shock-iran-war Iata says it expects the industry to post combined earnings of US$23 billion this year, down from US$45 billion in 2025 https://www.businesstimes.com.sg/companies-markets/ho-bee-chair-ups-stake-mg-becomes-substantial-unitholder-netlink-nbn-trust Sun, 07 Jun 2026 04:30:00 +0000 Companies & Markets /companies-markets/ho-bee-chair-ups-stake-mg-becomes-substantial-unitholder-netlink-nbn-trust Over the four sessions through to the Jun 4, 22 primary-listed companies conducted buybacks with a total consideration of S$97 million. https://www.businesstimes.com.sg/companies-markets/industrial-s-reits-maintain-operational-resilience-while-undertaking-portfolio-rejuvenation Sun, 07 Jun 2026 04:30:00 +0000 Companies & Markets /companies-markets/industrial-s-reits-maintain-operational-resilience-while-undertaking-portfolio-rejuvenation Industrial real estate investment trusts in Singapore (S-Reits) continued to show resilient operating performance in their latest results, supported by positive rental... https://www.businesstimes.com.sg/international/global/big-questions-loom-chinas-memory-chipmakers-prepare-blockbuster-ipos Sun, 07 Jun 2026 03:07:32 +0000 Global Capital Markets & Currencies Companies & Markets International /international/global/big-questions-loom-chinas-memory-chipmakers-prepare-blockbuster-ipos Many investors see CXMT and YMTC as central to driving the current bull run in domestic technology stocks https://www.businesstimes.com.sg/international/asean/ai-rules-south-east-asia-risks-fines-and-everything-else-you-need-know Sun, 07 Jun 2026 01:58:07 +0000 Asean Companies & Markets International Telcos, Media & Tech /international/asean/ai-rules-south-east-asia-risks-fines-and-everything-else-you-need-know Making the effort to know the difference between what is voluntary and mandatory is key for any CTO or product lead https://www.businesstimes.com.sg/international/asean/indonesian-officials-vow-again-steady-rupiah-draw-funds Sat, 06 Jun 2026 07:51:26 +0000 Asean Capital Markets & Currencies Companies & Markets International /international/asean/indonesian-officials-vow-again-steady-rupiah-draw-funds Global investors are rapidly losing confidence in Indonesia, unnerved by the more interventionist agenda https://www.businesstimes.com.sg/companies-markets/boeing-studying-boost-737-max-plane-production-highest-ever-rate Sat, 06 Jun 2026 06:42:54 +0000 Companies & Markets Transport & Logistics /companies-markets/boeing-studying-boost-737-max-plane-production-highest-ever-rate Turning out more jets is critical to its financial recovery after losing more than US$30 billion recently https://www.businesstimes.com.sg/companies-markets/tech-sell-bitcoin-drop-test-retail-investor-strength-ahead-spacex-ipo Sat, 06 Jun 2026 04:13:00 +0000 Companies & Markets /companies-markets/tech-sell-bitcoin-drop-test-retail-investor-strength-ahead-spacex-ipo [NEW YORK] For years, Wall Street has benefited from one of the most reliable forces in modern markets: a retail-trader army willing... https://www.businesstimes.com.sg/companies-markets/japan-spent-billions-prop-yen-why-it-still-weak Sat, 06 Jun 2026 02:02:09 +0000 Companies & Markets Capital Markets & Currencies /companies-markets/japan-spent-billions-prop-yen-why-it-still-weak The US-Israel war with Iran has added fresh pressure on the yen https://www.businesstimes.com.sg/companies-markets/oil-prices-fall-mounting-hopes-de-escalation-us-iran-war Sat, 06 Jun 2026 00:55:36 +0000 Companies & Markets Energy & Commodities /companies-markets/oil-prices-fall-mounting-hopes-de-escalation-us-iran-war Iranian oil exports have fallen to their lowest level in six years mainly due to the US naval blockade https://www.businesstimes.com.sg/companies-markets/europe-shares-slip-tech-rally-stalls-middle-east-uncertainty-weighs Sat, 06 Jun 2026 00:14:40 +0000 Companies & Markets Capital Markets & Currencies /companies-markets/europe-shares-slip-tech-rally-stalls-middle-east-uncertainty-weighs Technology stocks are among the top sectoral decliners with a 2.9% drop https://www.businesstimes.com.sg/companies-markets/us-wall-street-ends-sharply-lower-chips-slide-jobs-data-fuels-rate-hike-fears Fri, 05 Jun 2026 23:59:14 +0000 Companies & Markets Capital Markets & Currencies /companies-markets/us-wall-street-ends-sharply-lower-chips-slide-jobs-data-fuels-rate-hike-fears Rising interest rates and the Iran war weigh on sentiment heading into the weekend https://www.businesstimes.com.sg/companies-markets/seeking-job-finance-internships-are-crucial-fresh-grads-say-observers Fri, 05 Jun 2026 23:00:00 +0000 Meera Pathmanathan Companies & Markets Banking & Finance /companies-markets/seeking-job-finance-internships-are-crucial-fresh-grads-say-observers They help undergraduates build real-world experience, problem-solving and adaptability skills https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sp-500-nasdaq-slip-open-after-solid-jobs-data-fuels-hawkish-fed-fears-chip-stocks-fall Fri, 05 Jun 2026 13:42:02 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/sp-500-nasdaq-slip-open-after-solid-jobs-data-fuels-hawkish-fed-fears-chip-stocks-fall [NEW YORK] The S&P 500 and the Nasdaq dropped at market open on Thursday as chip stocks eased after a sharp rally,... https://www.businesstimes.com.sg/companies-markets/banking-finance/singapore-investors-keep-funds-moomoo-tiger-brokers-longbridge-amid-china-curbs Fri, 05 Jun 2026 12:33:02 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/singapore-investors-keep-funds-moomoo-tiger-brokers-longbridge-amid-china-curbs All three brokerages assure users in Singapore that business continues as usual https://www.businesstimes.com.sg/companies-markets/transport-logistics/jpmorgan-upgrades-tesla-neutral-expects-robotics-drive-long-term-growth Fri, 05 Jun 2026 11:40:14 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/jpmorgan-upgrades-tesla-neutral-expects-robotics-drive-long-term-growth The bank hikes its price target on the electric-vehicle maker’s shares to US$475 from US$145 https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/ums-signs-pact-joint-venture-three-vietnamese-precision-engineering-firms Fri, 05 Jun 2026 11:20:54 +0000 Shikhar Gupta Telcos, Media & Tech Asean Companies & Markets International /companies-markets/telcos-media-tech/ums-signs-pact-joint-venture-three-vietnamese-precision-engineering-firms UMS intends to invest about US$3.6 million for a 51.6% stake in the new company https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/chinese-hk-investors-banned-spacex-ipo-security-grounds-sources Fri, 05 Jun 2026 10:41:54 +0000 Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/chinese-hk-investors-banned-spacex-ipo-security-grounds-sources The decision is driven by internal guidance related to US International Traffic in Arms Regulations https://www.businesstimes.com.sg/companies-markets/singtel-gets-funding-boost-government-strengthen-ai-push-create-high-value-roles Fri, 05 Jun 2026 10:36:23 +0000 Young Zhan Heng Companies & Markets Telcos, Media & Tech /companies-markets/singtel-gets-funding-boost-government-strengthen-ai-push-create-high-value-roles Telco will partner Digital Industry Singapore in a move that can help the Republic strengthen its artificial-intelligence sovereign capabilities https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-lower-tracking-asia-sell-sti-still-ends-week-higher Fri, 05 Jun 2026 10:29:43 +0000 Companies & Markets Capital Markets & Currencies /companies-markets/singapore-stocks-close-lower-tracking-asia-sell-sti-still-ends-week-higher The benchmark index falls 0.4% to close at 5,049.96 https://www.businesstimes.com.sg/companies-markets/data-centre-operator-dayone-raises-us4-5-billion-series-c-funding Fri, 05 Jun 2026 09:49:16 +0000 Benjamin Cher Companies & Markets /companies-markets/data-centre-operator-dayone-raises-us4-5-billion-series-c-funding New investors include sovereign wealth fund Indonesia Investment Authority and Achi Capital Partners https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/anthropic-calls-ai-pause-button-let-humans-take-stock Fri, 05 Jun 2026 09:38:01 +0000 Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/anthropic-calls-ai-pause-button-let-humans-take-stock It calls for a system in which governments and developers collectively decide when to slow work on the tech to stave off... https://www.businesstimes.com.sg/companies-markets/banking-finance/china-allows-some-banks-offer-higher-rates-us-dollar-deposits Fri, 05 Jun 2026 09:30:20 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/china-allows-some-banks-offer-higher-rates-us-dollar-deposits The move signals a relaxation of a ceiling imposed in 2023, when the renminbi was under pressure https://www.businesstimes.com.sg/companies-markets/banking-finance/chinese-brokers-pump-us5-6-billion-offshore-fight-wall-street Fri, 05 Jun 2026 08:41:40 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/chinese-brokers-pump-us5-6-billion-offshore-fight-wall-street Brokers are prioritising overseas growth to escape intensifying competition in the domestic market https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/jollibee-mulls-moving-us-listing-booming-hong-kong-sources Fri, 05 Jun 2026 08:38:03 +0000 Consumer & Healthcare Companies & Markets /companies-markets/consumer-healthcare/jollibee-mulls-moving-us-listing-booming-hong-kong-sources The Philippines-based fast-food group aims to do the listing by the end of next year https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/lenovos-3d-scans-were-made-fifa-world-cup-true-value-may-lie-video-games Fri, 05 Jun 2026 08:14:17 +0000 Shikhar Gupta Telcos, Media & Tech Companies & Markets /companies-markets/telcos-media-tech/lenovos-3d-scans-were-made-fifa-world-cup-true-value-may-lie-video-games Its AI chatbot will launch with an empty playbook, but its scans could yield a multibillion-dollar IP pipeline https://www.businesstimes.com.sg/companies-markets/banking-finance/allianzgi-exclusive-talks-buy-uob-asset-management-sources Fri, 05 Jun 2026 07:41:10 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/allianzgi-exclusive-talks-buy-uob-asset-management-sources The details are being finalised on a transaction that could be valued at up to S$600 million https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/uks-biggest-retailers-cut-18000-jobs-amid-rising-taxes-and-wages Fri, 05 Jun 2026 07:17:50 +0000 Consumer & Healthcare Companies & Markets /companies-markets/consumer-healthcare/uks-biggest-retailers-cut-18000-jobs-amid-rising-taxes-and-wages Massive layoffs show how the Labour government’s tax hikes are hitting the British’s top employers https://www.businesstimes.com.sg/international/global/banks-curb-china-trips-delay-events-after-cross-border-scrutiny Fri, 05 Jun 2026 06:18:04 +0000 Global Banking & Finance Companies & Markets International /international/global/banks-curb-china-trips-delay-events-after-cross-border-scrutiny The moves also coincide with an intensifying drive by Chinese tax authorities to collect taxes on offshore income https://www.businesstimes.com.sg/companies-markets/banking-finance/talent-fight-heats-india-finance-hub-dbs-standard-chartered-chiefs-quit Fri, 05 Jun 2026 05:27:33 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/talent-fight-heats-india-finance-hub-dbs-standard-chartered-chiefs-quit Global banks are expanding their presence in Gift City, lured by tax incentives and a lighter regulatory framework https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/japan-warns-decisive-action-defend-yen-fx-reserves-tumble Fri, 05 Jun 2026 04:32:56 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/japan-warns-decisive-action-defend-yen-fx-reserves-tumble The 160 level is widely seen in markets as a line in the sand for potential official intervention https://www.businesstimes.com.sg/companies-markets/anext-banks-new-ceo-leverages-cto-stint-grow-sme-lending-financing-ai-hardware Fri, 05 Jun 2026 03:58:16 +0000 Benjamin Cher Companies & Markets Banking & Finance /companies-markets/anext-banks-new-ceo-leverages-cto-stint-grow-sme-lending-financing-ai-hardware Qiu Kai takes unusual route to corner office at Ant International unit https://www.businesstimes.com.sg/companies-markets/transport-logistics/china-speeds-past-japan-australian-car-imports-ev-bonanza Fri, 05 Jun 2026 02:47:35 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/china-speeds-past-japan-australian-car-imports-ev-bonanza Electric vehicles and hybrids account for almost half of the cars sold in Australia in May https://www.businesstimes.com.sg/international/asean/vingroups-shares-surge-1000-overtake-regional-heavyweights-including-singtel-and-jd-com Fri, 05 Jun 2026 02:06:54 +0000 Asean Companies & Markets International /international/asean/vingroups-shares-surge-1000-overtake-regional-heavyweights-including-singtel-and-jd-com Vingroup’s blistering rally has made it the biggest company within frontier markets, and one of the most expensive across Asia https://www.businesstimes.com.sg/companies-markets/transport-logistics/qantas-weighs-order-20-boeing-or-airbus-wide-body-jets-sources-say Fri, 05 Jun 2026 01:44:30 +0000 Transport & Logistics Companies & Markets /companies-markets/transport-logistics/qantas-weighs-order-20-boeing-or-airbus-wide-body-jets-sources-say Singapore Airlines has opened discussions to buy at least 50 of the industry’s biggest jets, Reuters reported earlier https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/south-korean-stocks-slide-cracks-emerge-world-beating-rally Fri, 05 Jun 2026 01:22:48 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/south-korean-stocks-slide-cracks-emerge-world-beating-rally Retail investors, once key drivers, are showing less willingness to commit fresh cash https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steadies-uncertainty-surrounds-progress-us-iran-talks Fri, 05 Jun 2026 00:51:14 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/gold-steadies-uncertainty-surrounds-progress-us-iran-talks The war’s protracted disruption to energy flows via the Strait of Hormuz has driven oil prices higher https://www.businesstimes.com.sg/companies-markets/civmec-order-book-hits-record-s1-5-billion-new-resources-infrastructure-projects Fri, 05 Jun 2026 00:42:18 +0000 Therese Soh Companies & Markets Capital Markets & Currencies /companies-markets/civmec-order-book-hits-record-s1-5-billion-new-resources-infrastructure-projects The new awards are set to be delivered across FY2027 and FY2028 https://www.businesstimes.com.sg/companies-markets/stocks-watch-cdl-ireit-civmec Fri, 05 Jun 2026 00:36:53 +0000 Deon Loke Companies & Markets New Articles /companies-markets/stocks-watch-cdl-ireit-civmec [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 5): https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-australia-fallout-widens-rba-pension-reassess Thu, 04 Jun 2026 23:38:42 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/kpmg-australia-fallout-widens-rba-pension-reassess The episode is the latest in a series of issues in recent years that has triggered greater scrutiny of consulting firms in... https://www.businesstimes.com.sg/companies-markets/world-cup-lull-could-be-investors-chance-score-sgx-stocks-dbs Thu, 04 Jun 2026 23:00:00 +0000 Jermaine Fok Companies & Markets New Articles /companies-markets/world-cup-lull-could-be-investors-chance-score-sgx-stocks-dbs The brokerage names OCBC, Singtel and Venture among its preferred picks https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-dips-after-israel-lebanon-ceasefire-even-clashes-persist Thu, 04 Jun 2026 22:21:23 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/oil-dips-after-israel-lebanon-ceasefire-even-clashes-persist The strait remains the market’s central focus https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/dow-claims-record-closing-high-sp-500-advances-chip-sell-weighs-nasdaq Thu, 04 Jun 2026 21:55:50 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/dow-claims-record-closing-high-sp-500-advances-chip-sell-weighs-nasdaq AI frenzy has sent chip stocks up over 92% so far this year https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-shares-rise-oil-slips-investors-watch-middle-east Thu, 04 Jun 2026 21:39:33 +0000 Capital Markets & Currencies Companies & Markets /companies-markets/capital-markets-currencies/european-shares-rise-oil-slips-investors-watch-middle-east The Stoxx 600 remains on track for a marginal weekly decline https://www.businesstimes.com.sg/companies-markets/boardroom-matters/climate-risks-volatile-times Thu, 04 Jun 2026 21:00:00 +0000 Companies & Markets /companies-markets/boardroom-matters/climate-risks-volatile-times Climate competency is increasingly tied to revenue, investor confidence and long-term shareholder value https://www.businesstimes.com.sg/companies-markets/sp-500-nasdaq-slide-open-broadcom-revenue-miss-dents-chip-stocks Thu, 04 Jun 2026 13:46:04 +0000 Companies & Markets International New Articles /companies-markets/sp-500-nasdaq-slide-open-broadcom-revenue-miss-dents-chip-stocks [NEW YORK] The S&P 500 and the Nasdaq dropped at the open on Thursday (Jun 4), as Broadcom’s revenue miss pressured chip... https://www.businesstimes.com.sg/companies-markets/energy-commodities/bitcoin-has-longest-losing-streak-august-bruising-week Thu, 04 Jun 2026 13:33:42 +0000 Energy & Commodities Companies & Markets New Articles /companies-markets/energy-commodities/bitcoin-has-longest-losing-streak-august-bruising-week The cryptocurrency has lost about half its value since hitting an all-time high above US$126,000 last October