News
AI boom: AEM quadruples Q1 profit to S$14.3 million, raises FY2026 revenue guidance by 20%
Its largest customer this year will likely be a fabless artificial intelligence and high-performance computing player[SINGAPORE] Semiconductor test solutions provider AEM posted S$14.3 million in net profit for the...
US stocks: S&P 500, Nasdaq open lower after April inflation data; Middle East in focus
Published Tue, May 12, 2026 · 09:54 PM — Updated Tue, May 12, 2026 · 10:08 PMTHE S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed...
UK fintech Wise makes US trading debut with dual listing
Billionaire Peter Thiel, Silicon Valley’s Andreessen Horowitz and UK-based Baillie Gifford were among its early investorsPublished Mon, May 11, 2026 · 10:08 PMWISE Group is making its trading debut...
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[SINGAPORE] Glove manufacturer Riverstone Holdings posted a 27.1 per cent drop in net profit to...
Europe: Shares slide as Middle East tensions flare
Published Sat, May 9, 2026 · 11:15 AM[BENGALURU] European shares slipped on Friday (May 8) in broad-based losses as a flare-up in the Middle East conflict hit risk sentiment...
Porsche shutters three units as new CEO makes first job cuts
Published Fri, May 8, 2026 · 10:07 PMPORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to...
Oil falls below US$100 a barrel on Middle East peace hopes
Published Thu, May 7, 2026 · 10:17 PM[LONDON] Oil prices extended losses on Thursday, sliding around 4 per cent to take the Brent crude benchmark below US$100 a barrel...
Global watchdog FSB unveils action plan on private-credit risks
It says ‘significant data challenges’ are frustrating its effort to assess vulnerabilities in the marketPublished Wed, May 6, 2026 · 09:41 PM[BASEL] The world’s top financial-stability watchdog unveiled a...
PayPal plans job cuts as its new CEO pursues turnaround strategy
Published Tue, May 5, 2026 · 08:58 PMPAYPAL plans to cut costs and jobs as new chief executive officer Enrique Lores seeks to turn around the payments company that’s...
Oil pares gains after US says two vessels crossed Strait of Hormuz
Published Mon, May 4, 2026 · 10:05 PM[LONDON] Oil prices pared earlier gains on Monday after the US military said two US Navy guided-missile destroyers had entered the Gulf...
