TODAY

US stocks: S&P 500, Nasdaq at record highs as oil pullback brings relief

Oil falls below US$100 a barrel on Middle East peace hopes

BT is now on WhatsApp

Breaking news and our top stories, right to your phone.

McDonald’s value push and bigger burgers drive larger orders

GIC, BlackRock funding makes Skyroot Aerospace first space unicorn in India

Citigroup bets on CEO Fraser’s overhaul to aim for 11% to 13% profitability

China’s May Day overall tourism activity rises, but travellers are cautious

Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case

6-storey office building planned near Changi Airport Terminal 3

Aims Apac Reit H2 DPU rises 4.1% to S$0.0513 on higher rental, recoveries

Singapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply

US and Iran inch towards short-term deal to end fighting

ST Engineering unit bags Middle East smart mobility projects worth over S$100 million

Daily Debrief: What Happened Today (May 7)

CIMB appoints veteran banker Mak Joon Nien as Singapore CEO

Singapore stocks rise, tracking regional gains; STI up 0.3%

Scoot adds 11 Airbus A320neo family aircraft to its fleet

Workspace provider JustCo files preliminary prospectus for mainboard IPO

Thai food without the bite at Plu

Asean leaders seek to bring regional trade pact into force this year amid Middle East pressures

Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability

SingPost partners Europe’s Asendia to enhance cross-border e-commerce delivery

GameStop CEO says eBay shut his account after buyout funding stunt

Two Indian conglomerates to plow US$1 billion in EV, battery tech

Prime Holland Plain site draws just one bid from Sim Lian at S$454 million or S$1,491 psf ppr

Asia’s tech giants give AI bull run a new centre of gravity

Hongkong Land shares jump 9.2% after report of possible Marina One bid

Singapore’s AI transition need not pit workers against businesses, says Tan See Leng

MAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill

Bank Negara Malaysia holds key rate steady, flags risks from Middle East crisis 

Thai, Cambodian leaders to meet on Asean sidelines amid uneasy truce 

Asian bond issuers rush to market as Iran hopes tighten spreads

Maersk first-quarter profit beats forecasts, keeps outlook unchanged

Shell’s profit beats expectations at US$6.9 billion, raises dividend by 5%

European shares pause as markets watch Middle East peace prospects; earnings on tap

Malaysia moves to curb EV imports in blow to Chinese automakers

Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh

AirAsia to start new airline, stays defiant on fuel hedging

Oil prices rise as investors weigh Middle East peace prospects

Billionaire Duke of Westminster to sell £700 million of US real estate assets

Trump sees swift end to war as Iran reviews US peace proposal

As Trump-adjacent populism surges in Australia, Pauline Hanson cashes in

Fragile Philippines battered by oil shock as Iran war hits Asia

No subsidies for solar panel installation as costs have come down: Gan Siow Huang

Humanoid robots to power next leg of China’s export dominance

Iranian FA says will meet Fifa to seek World Cup assurances in next few days

No one currency ‘unduly affects’ Singdollar’s stability: Alvin Tan

New Zealand takes next steps to charge foreign tourists more

RBNZ’s frequent remit adjustments risk policy error, OECD warns

BlackRock fund faces test in recovering defaulted China loan

UBS CEO Sergio Ermotti sees acquisition as an option for US growth

Australia requires LNG exporters to reserve 20% of gas for east coast market

EU countries, lawmakers clinch provisional deal on watered-down AI rules

World Bank warns of growing geopolitical commodity shocks, beyond oil crisis

Anthropic’s CEO says it could grow by 80 times this year

Montage tops CATL as priciest dual-listed stock after chip rally

‘I feel so stupid’: How young Indonesians get stuck on the debt treadmill

Chinese consumers open wallets as malaise lifted during holidays

Anthropic signs computing deal with SpaceX to meet AI demand

Wall Street dares to ask if China’s property turnaround is close

Japan’s Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally

Gold holds hefty gain as US-Iran truce hopes ease inflation fear

Yen spikes to 10-week high and sparks intervention chatter

Chinese creditors pivot to Hong Kong courts to recoup property developer debts

China asks banks to pause new loans to US-sanctioned refiners

OpenAI is so yesterday — even for SoftBank

BYD, Tesla may face import caps as Canada works out China EV quota

Li Ka-shing plans more telecom sales in ‘cash is king’ strategy

CK Hutchison unit to exit VodafoneThree stake in £4.3 billion deal

Stocks to watch: UOB, StarHub, Sats, AA Reit, Coliwoo, Avi-Tech Holdings

Sony, Singapore’s GIC to pay almost US$4 billion for Bieber, Neil Young catalogue

Sun Life quarterly profit jumps on Asia business strength

Chinese exporters ‘numb’ to US threats as Trump set to visit

StarHub Q1 net profit tumbles 81.3% to S$5.9 million as consumer business slides across the board

Arm forecasts higher-than-expected revenue on surging AI data centre demand

AirAsia ready to buy 150 larger versions of Airbus A220 jet it ordered

UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%

The real AI race is for deployable talent, not models

Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition

Beyond the ‘Ikea moment’: Forging Singapore’s sovereign resilience in the AI era

China’s Midea Group raises US$2.2 billion in convertible bond sale

Is this the moment we change the way we think about economic growth?

Trump tariff refunds start hitting importers’ bank accounts

Kevin Warsh’s Fed: Reform agenda or reputational risk?

US considers tapping oil under military bases to refill reserve

S&P 500 and Nasdaq notch records; AMD results spark AI stock rally

Europe’s Stoxx 600 up over 2% on Iran deal optimism; earnings in focus

YESTERDAY

US stocks: S&P 500, Nasdaq hit record highs on AI optimism, Middle East peace hopes

Ted Turner, outspoken founder of CNN, dies at 87

An urban designer’s own, multi-generational home

Iran says it is reviewing new US proposal after sources say sides closing in on deal

US firms add 109,000 jobs, most since early 2025, ADP says

Global watchdog FSB unveils action plan on private-credit risks

Government defers consideration of political salaries until impact of Middle East conflict is clearer

Vin’s Holdings secures settlement, partial repayment of S$44,300 from ex-employee

COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000

Pandora CEO says US consumer divide growing even as sales beat expectations

Disney earnings beat estimates as new CEO outlines growth strategy

Sats acquires additional 40% stake in China aviation meal producer for 312.6 million yuan

Companies that replace workers with AI risk losing competitive edge, relying on vendors: Jasmin Lau

Oil and gas slump after report US and Iran near deal to end war

‘Do nothing’: Amanda Heng’s un-Singaporean artwork at the Venice Biennale

Singapore Airlines extends cancellation of Dubai flights until Aug 2

Singapore stocks rise in tandem with Asia uplift; STI up 0.1%

Daily Debrief: What Happened Today (May 6)

Are Keppel’s dividends truly unsustainable – or just misunderstood?

Imbalances are back on the global agenda

US to adopt 25% car levy soon unless EU clears trade deal

Trump says Xi has been ‘respectful’ on Iran, downplaying strains

Tech counters Venture, CSE Global up 11% after strong Q1 updates

UK services firms report sharpest rise in costs since late 2022

PM Wong to head to Cebu for Asean Summit; leaders to discuss trade, energy security amid Middle East tensions

BMW’s Q1 profit down 25% as China, tariffs weigh

Euro zone services activity slumps in April on weak demand, PMI shows

Thailand approves 958 billion baht of investment projects, including from TikTok 

Saudi wealth fund PIF opens Shanghai office to facilitate China dealmaking

European shares advance on Middle East peace deal optimism; earnings on watch

Cash piles hit record highs, but fixed income offers higher yields: BlackRock

China’s chip fund in talks to lead DeepSeek funding: FT

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths

Singapore banks getting better at spotting dirty money, but penalties still lack bite, says global watchdog

Singapore earns top rating in fight against financial crime despite shadow of S$3 billion money laundering scandal

Lufthansa’s first quarter loss narrows despite US$2 billion fuel hit

Malaysia’s anti-graft agency vows to recover more high-value art bought with 1MDB scandal funds

New Zealand eyes fuel storage options in Singapore and Malaysia

Embrace AI or get left behind: Job cuts sweep through crypto firms

MOH addressing rising healthcare costs, but cannot control commercial insurance decisions: Rahayu Mahzam

Strategy’s Michael Saylor signals potential shift to Bitcoin sales

Asian currencies rally on AI enthusiasm, US-Iran peace hopes

‘Clear leader’ in S-E Asia: Analysts bullish on Grab despite regulatory headwinds

Thailand’s headline inflation at 2.89% in April, the highest rate in more than 3 years

US unveiled plan to reopen Strait of Hormuz hours before Trump shelved it

US new-home sales increase in March to fastest pace of year

Australia unveils A$10 billion fuel security plan push after Iran war supply shock

The Rolling Stones celebrate coming launch of their 25th studio album

Help wanted: Fox Sports hiring ‘World Cup Watcher’ for US$50,000

US industries, trade groups split over Trump’s tariff probe on excess factory capacity

Blue Owl data centre operator Stack considers US$30 billion sale of Asia operations: sources

Hanoi orders 20% surge in IP enforcement cases in May after US warning

Indonesia tightens rule on FX purchases after rupiah hit new record low

South Korea’s Kospi breaks 7,000 as AI chip rally lifts Samsung into US$1 trillion club

Oil prices fall a second day as Trump indicates possible Iran peace deal

Asia markets hit records on AI euphoria, Iran peace hopes

Asian budget carriers need help to avoid Spirit’s fate

Anthropic unveils AI agents to field financial services tasks

China services activity grows at faster rate in April: private PMI

Apple settles lawsuit over late Siri AI features for US$250 million

SIA delays roll-out of new first, business class seats on A350 fleet to 2027

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

Gold rises as Trump touts progress with Iran and dollar falls

Blackstone, KKR in talks with Google to bring AI models to portfolio firms

Samsung hits US$1 trillion valuation, joining TSMC in elite club

Anthropic commits to spending US$200 billion on Google’s cloud and chips: report

MAS partners banking industry to tap AI, machine learning to combat financial crime

Stocks to watch: Great Eastern, Venture Corp, Centurion Accommodation Reit

South Korea’s inflation accelerates on higher oil price impact

Great Eastern Q1 profit remains steady at S$346.3 million despite challenging investment environment

New Zealand jobless rate falls to 5.3% in Q1, labour market remains slack

China’s regional slowdown: Painful but necessary?

New Zealand finance firms see 30% deposit surge outpacing banks

If AI is a public good, nationalisation should be considered

Trump says reopening of Strait of Hormuz ‘paused’, even as ceasefire remains

Analysts still positive on Mapletree Logistics Trust despite forex, rental headwinds

HR must disrupt itself first or become irrelevant in the AI era

To complement the SGX-Nasdaq listings bridge, should market making be compulsory?

Saudi Arabia cuts oil prices for June from record-high premium

Freshworks to cut 11% jobs as AI reshapes software industry

China thinks America is declining but still uniquely dangerous

AMD forecasts quarterly revenue above expectations as AI chip demand stays strong

S&P 500 and Nasdaq notch records as AI chip stocks surge

European shares rise on positive earnings bump; focus on Middle East tensions

MAY 05

US job openings drop in March; hires increase sharply

US stocks: Wall Street rebounds as oil drops despite Middle East tensions

US says Iran ceasefire still in place after clashes over Hormuz

Secret Service officers shoot gunman near the White House

US trade gap widened in March as imports outpaced exports

AI transition must safeguard and empower workers, support firms: Ng Chee Meng 

OCBC’s Indonesia deal boosts wealth push, may herald more M&A under new CEO Tan Teck Long: analysts

PayPal plans job cuts as its new CEO pursues turnaround strategy

Coinbase to cut 14% of workforce, citing volatile markets and AI

Thai stocks are beating peers amid volatility, as analysts warn passive Asean investing is ‘punishing’

Paragon deal: Why investors should get ready for more Reit mergers and take-private offers

New Skills and Workforce Development Agency to be established in Q3 to support workers across life stages

Centurion Accommodation Reit’s Q1 NPI of S$37.5 million exceeds expectations

KKR profits rise on growing assets, deals pick up pace in first quarter

Meta to expand teen safeguards to 27 EU countries, Facebook safeguards in June

Marina One office complex attracts CapitaLand, Hongkong Land: sources

Star Sports Medicine jumps 118% as Hong Kong debut frenzy extends

Japan has two more windows for yen intervention by IMF rules

Daily Debrief: What Happened Today (May 5)

Venture posts 0.7% increase in Q1 earnings to S$56.3m amid strong AI infrastructure demand

Singapore stocks slip on fresh US-Iran clashes; STI down 0.1%

The risk of the Iran war restarting is irrationally high

Hong Kong Q1 GDP expands at strongest pace in nearly five years

Alphabet kicks off six-part euro debt offering

David Attenborough, ‘the voice for nature’, set to celebrate his 100th birthday

Audi fears ‘significant’ tariff impact ahead of SUV launch in US

New World weighing sale of stake in US$2 billion HK hotel portfolio: sources

StanChart to expand Gulf wealth operation, boost teams for Taiwan, South-east Asia

Singapore and New Zealand sign essential supplies trade deal, will cooperate in AI and green economy

Frontier AI meets cybersecurity: threat, catalyst or both?

Starwood CEO Sternlicht broadens data centre footprint globally

No need to raise penalties for late retrenchment notices given high compliance rates: Tan See Leng

Qantas CEO more optimistic on fuel with supplies to mid-June

The market makes no sense – or does it?

Indonesia’s Q1 growth hits 3-year high, but momentum seen peaking

Australian shares fall as RBA rate hike hits financials, miners

Investing in an energy-driven world

Australian dollar gets little lift from central bank rate hike as Iran war concerns dominate

Oil eases on signs US operation is loosening Iran’s Strait of Hormuz blockade

South-east Asia risks missing global chip boom as fab investments bypass region

HSBC misses profit estimates on fraud-related credit loss, Iran war risks

Australia’s central bank ramps up inflation fight with third rate hike this year

Thai Cabinet approves 400 billion baht emergency borrowing decree: PM Anutin

China’s carmakers chase ‘Yaris moment’ to ignite overseas growth

South Korea to probe ship fire in Strait of Hormuz, Trump blames Iranian attack

MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams

Singapore retail sales grow 4.8% in March, but cool from Chinese New Year-driven February surge

Indonesia intervenes in markets as rupiah sets new record low

LTA apologises for e-mail gaffe in circular sent to EV charger owners

Philippines may need larger rate hike as inflation soars past 7%

Blast at fireworks factory in China’s Hunan kills at least 21, President Xi calls for probe

Apple explores using Intel and Samsung to build main device chips in the US

Casinos, karaoke bars set to benefit from Vietnam licence reform

China uses anti-sanctions law to counter US blacklisting of refiners that bought Iranian crude

Gold rebounds from over one-month low but inflation fears cap gains

Paramount Skydance first-quarter profit benefits from cost-cutting

Australia’s Regis to take over Vault, creating A$10.7 billion gold producer

DBS, RHB raise Sheng Siong target prices on expansion runway, CGSI holds steady

Grab to retool in Indonesia after abrupt cut in ride-hailing commissions

Ayala’s Acen slows funding push after profit slump, shelved rights offer

Hedge fund firm Aspect offers China strategy to global investors

AI’s hottest private companies have booming crypto shadow market

Singapore, Indonesia courts forge cross-border insolvency agreement to streamline debt restructurings

FedEx, UPS shares sink on ‘watershed’ Amazon logistics move

Trump says he looks forward to Xi summit even as tensions mount

The US$1.14 million trade that sparked Hong Kong’s Segantii insider trading trial

Asia battles rising, uneven toll of energy crisis caused by Iran war

Modi clinches big wins as key opponents ousted in state polls

OpenAI co-founder discloses nearly US$30 billion stake, financial ties to Sam Altman

Stocks to watch: OCBC, FLCT, Keppel Infrastructure Trust, UltraGreen.ai

Fifa faces World Cup broadcast crisis as India’s Reliance offers US$20 million, China deal unannounced

Frasers Logistics & Commercial Trust H1 DPU drops 1.7% to S$0.0295

US and Iran launch new attacks as they wrestle for control of Hormuz strait

Elon Musk settles SEC lawsuit over Twitter disclosures, US$1.5 million fine imposed

Grab’s Q1 2026 earnings surge more than 4 times to US$136 million

IMF chief Georgieva warns of ‘much worse outcome’ if Middle East war drags into 2027

GE Vernova is riding geopolitics and AI for a spectacular surge

Is it time to scrap COE categories for cars? 

Why the United Arab Emirates walked away from Opec

SMBC adds to securitised products team as part of global push

Westpac profit misses estimates as CEO flags Middle East risks

US stocks: S&P 500 falls from record high on Middle East worries

European shares drop as Middle East continues to hit sentiment

From social to competitive: Cushman & Wakefield golfers ready to level up at ST-BT Corporate League

ALL CAUGHT UP

You've seen the latest posts from the past 72 hours