Jumbo H1 profit falls 22.3% to S$6.2m on higher operating costs; revenue up 7.9%

An interim dividend of S$0.005 per share was declared for the half-year

Macroeconomic and geopolitical factors have affected the glove manufacturer's performance in Q1, says CEO Wong Teek Son.

Riverstone Q1 profit falls 27.1% to RM41.1 million on a stronger ringgit

Revenue for the first quarter is down 15.1% at RM214.3 million despite steady sales volumes

Aramco said it benefited from higher prices of crude oil, refined fuels and chemical products during the quarter.

Saudi Aramco’s Q1 profit up 26% after Iran war-driven oil price rise

A key pipeline that connects its oil fields in the east to Yanbu port ‘has proven itself to be a critical supply artery’

Companies riding the AI narrative without clear commercial traction are likely to be the most vulnerable if sentiment turns.

AI drives markets as valuations race ahead of earnings

Is this a legitimate re-rating of the technology sector, or an overstretched bubble?

STRAIGHT TO YOUR INBOX

Start and end each day with the latest news stories and analyses.

Even if Hormuz reopens, Gulf oil output and shipping is unlikely to return to normal levels any time soon.

Iran war is draining world’s oil buffer at an unprecedented pace

THE WORLD has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks.

Over the four sessions through to the May 7 close, more than 90 director interests and substantial shareholdings were filed for more than 40 primary-listed stocks.
INSIDE INSIGHTS

Buybacks, director transactions and stake realignments

[SINGAPORE] Over the four sessions through to the May 7 close, 16 primary-listed companies conducted buybacks with a total consideration of S$16.1 million. At the same time, more than 90 director inte...

CICT's S$3.9 billion Paragon deal is one of the largest S-Reit acquisitions in recent years.
REIT WATCH

S-Reit acquisitions pick up with improved financing

[SINGAPORE] Acquisition activity among Singapore Reits (S-Reits) has picked up this year, signalling a measured return to growth as financing conditions stabilise.

Love Bonito’s store in Central Chidlom in Thailand.

Love Bonito eyes Middle East’s long-term prospects as losses trim

Driving its reduced losses in 2024 were measures to make operations more efficient

Germany’s DAX falls 1.3% to lead declines.

Europe: Shares slide as Middle East tensions flare

The pan-European Stoxx 600 closes 0.7% lower at 612.14 points

The oil market’s focus remains on the strait, which has been effectively closed since the war began at the end of February.

Oil ticks higher as Gulf clashes threaten to derail ceasefire

Brent crude up 1.2% to settle around US$101 a barrel, but still notches a weekly drop of about 6%