https://www.businesstimes.com.sg/companies-markets/soaring-profits-emerging-markets-build-case-raging-bull-market The Business Times en 2026-06-21T21:36:13+08:00 Soaring profits in emerging markets build the case for a raging bull market https://cassette.sphdigital.com.sg/image/businesstimes/41cc50add1af6fc764875702b46fdadd044f6799390178ec85d2edee85f3a71f Companies in the MSCI EM Index have reported average annual earnings above expectations set a year ago for the first time since April 2022, data shows. Companies in the MSCI EM Index have reported average annual earnings above expectations set a year ago for the first time since April 2022, data shows. https://www.businesstimes.com.sg/companies-markets/ray-ban-heir-escalates-fight-control-family-fortune The Business Times en 2026-06-21T20:33:03+08:00 Ray-Ban heir escalates fight for control of family fortune https://cassette.sphdigital.com.sg/image/businesstimes/ff8e397001690a18a1ee9a80c195af00c6818643e1b9536322250312bb0fd8b5 Leonardo Maria Del Vecchio is attempting to buy the combined 25% stakes held by his siblings, which would lift his ownership to 37.5%. Leonardo Maria Del Vecchio is attempting to buy the combined 25% stakes held by his siblings, which would lift his ownership to 37.5%. https://www.businesstimes.com.sg/companies-markets/energy-commodities/aluminiums-war-shock-blunted-dark-transits-and-chinese-supply The Business Times en 2026-06-21T19:51:18+08:00 Aluminium’s war shock blunted by dark transits and Chinese supply https://cassette.sphdigital.com.sg/image/businesstimes/ef9b8758aaa71366fe751c3d54929d2afceccce6cdaf43021d3aa4bc5dc8d5f7 Some of the market’s biggest bulls have trimmed their price forecasts for aluminium in recent days. Some of the market’s biggest bulls have trimmed their price forecasts for aluminium in recent days. https://www.businesstimes.com.sg/international/king-charles-reveal-tax-details-first-time The Business Times en 2026-06-21T18:15:33+08:00 King Charles to reveal tax details for the first time https://cassette.sphdigital.com.sg/image/businesstimes/c9aa1a15da5ccb0328b61d5a68c7f56da2a173b8a0afdfb3b2837425681d401c King Charles III receives personal income from land, private estates and investments, as well as a sum from the government to support royal duties. King Charles III receives personal income from land, private estates and investments, as well as a sum from the government to support royal duties. https://www.businesstimes.com.sg/wealth/pe-owners-tap-hot-loan-market-pay-themselves The Business Times en 2026-06-21T16:53:19+08:00 PE owners tap a hot loan market to pay themselves https://cassette.sphdigital.com.sg/image/businesstimes/6ed6f42060bfb866ed4f926a06f0fb93683c9df70b66770fc29dd25b2f857fea A recent scarcity of loans is driving the volume of dividend recapitalisations, including by Blackstone, higher. A recent scarcity of loans is driving the volume of dividend recapitalisations, including by Blackstone, higher. https://www.businesstimes.com.sg/international/after-fracture-how-britains-financial-industry-recovered-brexit The Business Times en 2026-06-21T16:37:33+08:00 After the fracture: How Britain’s financial industry recovered from Brexit https://cassette.sphdigital.com.sg/image/businesstimes/70f6e0b97072d91f80d8a6dc505a356f5462b5673be55dd431a47bc885fa4095 Employment in the City of London financial district is near an all-time high, and banks are posting record profits. Employment in the City of London financial district is near an all-time high, and banks are posting record profits. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/yen-teeters-cusp-40-year-low-pound-firms The Business Times en 2026-06-21T16:25:42+08:00 Yen teeters on cusp of 40-year low; pound firms https://cassette.sphdigital.com.sg/image/businesstimes/38f8d9cf97ad3df733f75ddc9c76781c5c9f61c40f2256157d62117814a33294 Weighing on the yen are Japanese interest rates, which are much lower than those elsewhere, even after the Bank of Japan hiked interest rates to a 31-year high. Weighing on the yen are Japanese interest rates, which are much lower than those elsewhere, even after the Bank of Japan hiked interest rates to a 31-year high. https://www.businesstimes.com.sg/lifestyle/thye-hua-kwan-improves-service-delivery-research-elder-abuse-divorce-support-and-art-therapy The Business Times en 2026-06-21T15:31:02+08:00 Thye Hua Kwan improves service delivery with research on elder abuse, divorce support and art therapy https://cassette.sphdigital.com.sg/image/businesstimes/25e855175e4ae15227c86035c3b4c34e24e65f1cd1c478d269e777e740880b2c THKMC's Centralised Research Unit comprises four full-time researchers and two psychologists. THKMC's Centralised Research Unit comprises four full-time researchers and two psychologists. https://www.businesstimes.com.sg/international/asean/indonesias-msci-moment-truth-looms-over-global-index-standing The Business Times en 2026-06-21T15:23:00+08:00 Indonesia’s MSCI moment of truth looms over global index standing https://cassette.sphdigital.com.sg/image/businesstimes/743a7584fb5062007362f0cec3944d9fd5092b2ba7af8e246be942958d6f6313 Indonesia has held MSCI’s emerging-market status since 1989, and remains one of South-east Asia’s largest equity markets. Indonesia has held MSCI’s emerging-market status since 1989, and remains one of South-east Asia’s largest equity markets. https://www.businesstimes.com.sg/companies-markets/singapore-investors-see-spacex-investment-long-term-bet-future-space-economy The Business Times en 2026-06-21T15:00:00+08:00 Singapore investors see SpaceX investment as a long-term bet on the future of the space economy https://cassette.sphdigital.com.sg/image/businesstimes/d41f112075e0921b776b385e24f2be99d1746ee7c2a3c99af1f15f499ff0f9e1 From left: Alta CEO Kelvin Lee, general partner at Turn Capital Ho Kheng Lian and founding partner at True Global Ventures 4 Lim Qing Ru. From left: Kelvin Lee, CEO of Alta; Ho Kheng Lian, general partner at Turn Capital; and Lim Qing Ru, founding partner at True Global Ventures 4. https://www.businesstimes.com.sg/international/italian-pm-melonis-g7-photo-spat-trump-shows-readiness-risk-bigger-fight The Business Times en 2026-06-21T14:32:27+08:00 Italian PM Meloni’s G7 photo spat with Trump shows readiness to risk a bigger fight https://cassette.sphdigital.com.sg/image/businesstimes/3e5635da83895978b39cbfeaa36c767bc87f334aabec8af7ca715aec55417cfb The schism between US President Donald Trump (left) and Italian Prime Minister Giorgia Meloni came somewhat unprompted on the heels of an otherwise jolly G7 gathering. The schism between US President Donald Trump (left) and Italian Prime Minister Giorgia Meloni came somewhat unprompted on the heels of an otherwise jolly G7 gathering. https://www.businesstimes.com.sg/wealth/singapore-cements-position-asia-pacific-wealth-hub-regions-aum-set-hit-us34-5-trillion-2030-pwc The Business Times en 2026-06-21T14:00:00+08:00 Singapore cements position as Asia-Pacific wealth hub as region’s AUM set to hit US$34.5 trillion by 2030: PwC https://cassette.sphdigital.com.sg/image/businesstimes/bfed3c32351ef980a789575b3260150206b8998f7948e2a896abf50fbf85bbae “Singapore’s role in Asia Pacific asset and wealth management is being shaped by structural advantages,” said Paul Pak, Asia Pacific and Singapore Asset and Wealth Management Leader, PwC Singapore. Singapore’s role in Asia-Pacific asset and wealth management is being shaped by structural advantages, says PwC's Paul Pak. https://www.businesstimes.com.sg/international/stock-traders-guide-navigating-rare-super-el-nino-5-sectors-watch-risks-build The Business Times en 2026-06-21T12:08:40+08:00 A stock trader’s guide to navigating rare ‘Super El Nino’: 5 sectors to watch as risks build https://cassette.sphdigital.com.sg/image/businesstimes/1fe83a22d0c5b07342554407d6ab1b56cd75abcbce8ba0d90f62608cf091d0ee The world last faced such a strong El Nino in 2015 and 2016, and it resulted in more than US$7.8 trillion in lost productivity, found a US study. The world last faced such a strong El Nino in 2015 and 2016, and it resulted in more than US$7.8 trillion in lost productivity, found a US study. https://www.businesstimes.com.sg/companies-markets/ai-capex-cycle-drives-institutional-inflows-and-gains-singapores-listed-tech-manufacturers The Business Times en 2026-06-21T12:00:00+08:00 AI capex cycle drives institutional inflows and gains for Singapore’s listed tech manufacturers https://cassette.sphdigital.com.sg/image/businesstimes/09f73962df9ea085548c87d381c23656bc400265ef496f28b1933b51a028f6f3 UMS Integration’s new factory in Penang.  UMS Integration has gained from the strong AI-driven chip demand worldwide, posting a 43% rise in Q1 profit to S$14 million. https://www.businesstimes.com.sg/international/trumps-fears-about-economy-undercut-us-leverage-iran-talks The Business Times en 2026-06-21T11:31:08+08:00 Trump’s fears about economy undercut US leverage in Iran talks https://cassette.sphdigital.com.sg/image/businesstimes/f2a6ebd6cf7f627fc0283a9e72e65b03873f88faae9db8ac1c42cca394726e0b Knowing that Trump will be reluctant to restart the military campaign – and thus spark fresh economic turmoil – eases the pressure for Iran to end the talks quickly. Knowing that Trump will be reluctant to restart the military campaign – and thus spark fresh economic turmoil – eases the pressure for Iran to end the talks quickly. https://www.businesstimes.com.sg/international/global/wellness-zone-plane-qantas-tests-new-ways-beat-jet-lag-worlds-longest-nonstop-flight The Business Times en 2026-06-21T10:16:15+08:00 Wellness zone on a plane? Qantas tests new ways to beat jet lag on world’s longest nonstop flight https://cassette.sphdigital.com.sg/image/businesstimes/d7154b488b1da561cf46da594aa9a4e68c9e368c6f09ff23a3c78c58cefb03d7 FILE PHOTO: Australia’s Qantas presents the first of 12 modified Airbus A350-1000ULR jets to be used for record-breaking non-stop flights, with Sydney-London designated as the first route, at a ceremony at Airbus headquarters in Toulouse, France, June 17, 2026. REUTERS/Tim Hepher/File Photo Airbus is assembling the modified Airbus SE A350-1000 fleet in Toulouse, France, that will let Qantas break the limits of nonstop connections. https://www.businesstimes.com.sg/international/report-says-uk-pm-starmer-ready-quit-source-says-he-still-focused-job The Business Times en 2026-06-21T09:40:02+08:00 Report says UK PM Starmer ready to quit, but source says he is still focused on the job https://cassette.sphdigital.com.sg/image/businesstimes/cad121d94473fe247f80ee58164c4cd56b87e63f1715fa0b391cda2cf6e4a51f The threat to Keir Starmer’s (left) position increased sharply on Jun 19 when his rival Andy Burnham (right) won a seat in parliament. The threat to Keir Starmer’s (left) position increased sharply on Jun 19 when his rival Andy Burnham (right) won a seat in parliament. https://www.businesstimes.com.sg/international/global/us-iran-talks-switzerland-overshadowed-hormuz-closure The Business Times en 2026-06-20T22:26:17+08:00 US-Iran talks in Switzerland overshadowed by Hormuz closure https://cassette.sphdigital.com.sg/image/businesstimes/10c3b375ee3840cfc71d0b366aace7052520974000581f66547b0c9cd4a02d4d US Vice-President JD Vance is joined by special envoy Steve Witkoff and Jared Kushner for the high-level talks aimed at advancing a deal to end the Middle East conflict. US Vice-President JD Vance is joined by special envoy Steve Witkoff and Jared Kushner for the high-level talks aimed at advancing a deal to end the Middle East conflict. https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinas-rare-earths-curbs-extend-pressure-supply-japan The Business Times en 2026-06-20T15:06:39+08:00 China’s rare earths curbs extend pressure on supply to Japan https://cassette.sphdigital.com.sg/image/businesstimes/1fe80a22335093c598733a02f6cfc3dec693e03e546658c51d3d1a241d642556 Japan is also the world’s largest consumer of chip metal gallium outside of China. Japan is also the world’s largest consumer of chip metal gallium outside of China. https://www.businesstimes.com.sg/international/bolivias-president-declares-state-emergency-over-blockade-crisis-paving-way-deploy-military The Business Times en 2026-06-20T14:33:45+08:00 Bolivia’s president declares state of emergency over blockade crisis, paving way to deploy military https://cassette.sphdigital.com.sg/image/businesstimes/badb901b5e9316ff6427c8253e0bbdf7c6188948ce5cb5cf1039f93a7262b542 The emergency declaration gives President Rodrigo Pa broader constitutional tools to restore order, such as sending armed forces to clear blockades. The emergency declaration gives President Rodrigo Paz broader constitutional tools to restore order, such as sending armed forces to clear blockades. https://www.businesstimes.com.sg/international/japan-target-us2-3-trillion-public-private-investment-2040-nikkei The Business Times en 2026-06-20T14:12:29+08:00 Japan to target US$2.3 trillion public-private investment by 2040: Nikkei https://cassette.sphdigital.com.sg/image/businesstimes/79e70c27fe377933af85d26a2f65d51fa81d56dd0384c69f067b7355397ceb48 The government is considering creating a multi-year budget framework to ensure stable funding for investments deemed critical to economic security. The government is considering creating a multi-year budget framework to ensure stable funding for investments deemed critical to economic security. https://www.businesstimes.com.sg/international/iranian-guards-business-empire-win-big-if-us-sanctions-lifted The Business Times en 2026-06-20T12:51:35+08:00 Iranian Guards’ business empire to win big if US sanctions lifted https://cassette.sphdigital.com.sg/image/businesstimes/8c6a850381528d76c3e1f70f14318329bb3ced10d827250745597f0334f488f0 As Teheran and Washington prepare for talks on a deal to end the war, the elite force is poised to be one of the biggest beneficiaries. Since the war began on Feb 28 with strikes that killed Khamenei, the Guards have only expanded their power internally, helping to install his son as the new supreme leader. https://www.businesstimes.com.sg/companies-markets/energy-commodities/china-tightens-indium-export-checks-ai-demand-increases The Business Times en 2026-06-20T12:04:29+08:00 China tightens indium export checks as AI demand increases https://cassette.sphdigital.com.sg/image/businesstimes/20349385eec417e208d92b9779a0a9067501371d067c25ba07a7b6450150c4d7 China produces nearly 70% of the world’s indium, a byproduct of zinc refining mostly used in displays and solder but also the raw material for making indium phosphide. China produces nearly 70% of the world’s indium, a byproduct of zinc refining mostly used in displays and solder but also the raw material for making indium phosphide. https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/abu-dhabis-mgx-weighs-multibillion-dollar-deal-singapore-based-data-centre-operator-dayone-sources The Business Times en 2026-06-20T10:45:08+08:00 Abu Dhabi’s MGX weighs multibillion-dollar deal for Singapore-based data centre operator DayOne: sources https://cassette.sphdigital.com.sg/image/businesstimes/ec1ea7d9d2f81f7e36480bd93ba0407ff8c92c970fb4c3a59d7e39b56019e226 DayOne, which is affiliated with China’s GDS Holdings, operates and develops data centres across South-east Asia as well as in Hong Kong, Japan and Finland. DayOne, which is affiliated with China’s GDS Holdings, operates and develops data centres across South-east Asia as well as in Hong Kong, Japan and Finland. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/starbucks-cuts-london-hong-kong-office-jobs-restructuring-effort The Business Times en 2026-06-20T09:13:15+08:00 Starbucks cuts London, Hong Kong office jobs in restructuring effort https://cassette.sphdigital.com.sg/image/businesstimes/60a73dfb06096d3a9803f9b0c08b91cdd63969c1c0782e62cd27c655beff5c90 Starbucks has been restructuring its corporate teams to cut costs and eliminate what it says are duplicative layers of management and jobs focused on coordinating work. Starbucks has been restructuring its corporate teams to cut costs and eliminate what it says are duplicative layers of management and jobs focused on coordinating work. https://www.businesstimes.com.sg/international/tech-in-asia/asias-ai-hardware-bet-has-financing-problem The Business Times en 2026-06-20T08:21:27+08:00 Asia’s AI hardware bet has a financing problem https://cassette.sphdigital.com.sg/image/businesstimes/e9ee0c3a535bd60e7bc91f9dc37ddd46443a197fcb427fcbbb4128f5d5232fbd As chips become the dominant cost in AI infrastructure, a new financing market has emerged around the hardware itself – one with its own lenders, risks, and rules. As chips become the dominant cost in AI infrastructure, a new financing market has emerged around the hardware itself – one with its own lenders, risks, and rules. https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/european-stocks-tick-lower-mining-losses-weigh The Business Times en 2026-06-20T07:41:33+08:00 European stocks tick lower as mining losses weigh https://cassette.sphdigital.com.sg/image/businesstimes/763bf6f6dc5657ad79ec0ddd2e0dc3d6be3c2464bc63ab08cd4303e13a706ed7 The pan-European Stoxx 600 index closed 0.2% lower, still managing to eke out a 0.4% weekly gain after hitting record highs earlier in the week. The pan-European Stoxx 600 index closed 0.2% lower, still managing to eke out a 0.4% weekly gain after hitting record highs earlier in the week. https://www.businesstimes.com.sg/opinion-features/ai-has-granted-america-vast-new-power The Business Times en 2026-06-20T07:00:00+08:00 AI has granted America vast new power https://cassette.sphdigital.com.sg/image/businesstimes/1cf0442abf16c2f244e7f6dc8a06f9c6ba7abb23ed26b1b7568ac446a5848c92 Even as the world plans for an unreliable US in everything from defence to trade, it now has to cope with a new way of being captive to the world’s biggest economy: artificial intelligence. Even as the world plans for an unreliable US in everything from defence to trade, it now has to cope with a new way of being captive to the world’s biggest economy. https://www.businesstimes.com.sg/opinion-features/company-supposed-be-going-concern-so-family The Business Times en 2026-06-20T07:00:00+08:00 A company is supposed to be a ‘going concern’. So is the family https://cassette.sphdigital.com.sg/image/businesstimes/0c715c2fae494674a3b0e161a0fa6b29b1848e5b673cd07824a5eba2a7aebbe8 Sometimes, the responsible choice is to prepare one's business so that its clients, staff and family can continue trusting and thriving under the next steward. Sometimes, the responsible choice is to prepare one's business so that its clients, staff and family can continue trusting and thriving under the next steward. https://www.businesstimes.com.sg/international/oil-shipments-rise-hormuz-although-questions-grow-over-irans-transit-terms The Business Times en 2026-06-19T23:24:01+08:00 Oil shipments rise in Hormuz although questions grow over Iran’s transit terms https://cassette.sphdigital.com.sg/image/businesstimes/b20ea97364f10df52b2250eb8cceec38a6a1453794309fb5f8f78caf8ad07eb3 Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 18, 2026. Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 18, 2026. https://www.businesstimes.com.sg/companies-markets/energy-commodities/brent-falls-israel-hizbollah-agree-ceasefire The Business Times en 2026-06-19T22:17:38+08:00 Brent falls as Israel, Hizbollah agree to ceasefire https://cassette.sphdigital.com.sg/image/businesstimes/9c1ddcb3b948c8ff3838523c5ac3649d4c2b146218cf562c9c6550d2158629e3 Brent crude futures were down 85 cents, or 1.1 per cent, at US$79 a barrel by 1303 GMT on Friday. Brent crude futures were down 85 cents, or 1.1 per cent, at US$79 a barrel by 1303 GMT on Friday.