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

THE S&P 500 and the Nasdaq held close to record highs on Thursday, helped by an extended fall in oil prices on hopes of a US-Iran deal that could potentially normalise crude supplies through the Strai...

Brent crude futures were down US$3.93, or 3.9 per cent, to US$97.34 a barrel at 1323 GMT.

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

Iran said on Wednesday that it was reviewing a US peace proposal

Since CEO Jane Fraser took over in March 2021, Citi's shares have risen more than 80 per cent.

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

Last month, the bank beat Wall Street expectations for first-quarter profit

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Plans for the new office building come amid recent and forthcoming development works at Changi Airport.

6-storey office building planned near Changi Airport Terminal 3

[SINGAPORE] The operator of Changi Airport is looking to develop a new office building near Terminal 3.

AA Reit's logistics and warehouse property at 20 Gul Way. As at Mar 31, the Reit’s portfolio occupancy stood at 93.6%.

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

Revenue is up 4.1% at S$97 million for the period, from S$93.1 million the year before

Combined onshore oil product stocks totalled 44.83 million barrels in the week to May 6, the lowest since late July 2025, government data showed.

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

[SINGAPORE] Oil product stocks in Asia’s oil hub Singapore hit their lowest in more than nine months after the US-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursda...

ST Engineering says that the ventures mark a “further expansion of its smart mobility footprint in the Middle East”.

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

The group’s urban solutions business has a ‘decade-long track record’ in the region

Mak was previously CEO of Standard Chartered Malaysia and the first Malaysian in the role.

CIMB appoints veteran banker Mak Joon Nien as Singapore CEO

This follows Victor Lee’s abrupt resignation last September

The benchmark Straits Times Index is up 14.58 points at 4,941.96.

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

Across the broader market, gainers outnumber losers 416 to 225, after 2.1 billion securities change hands