News
Bank of England’s Bailey says allowing inflation to run above target is appropriate
Published Fri, May 29, 2026 · 06:04 PMBANK of England Governor Andrew Bailey said on Friday that allowing inflation to run above the central bank’s 2 per cent target...
Another tech company says it will cut hundreds of jobs amid pivot to AI
Layoffs have continued with another tech company saying it was cutting people to enable it to use more artificial intelligence. Groupon announced in a security filing this month that...
Japan’s Nikkei scales record peak on Mideast, AI optimism
Published Fri, May 29, 2026 · 05:06 PM[TOKYO] Japan’s Nikkei share average rose to a record high on Friday, powered by renewed optimism for a near-term peace deal in...
European markets rise as investors await US-Iran ceasefire extension
Published Fri, May 29, 2026 · 04:38 PMEUROPEAN shares rose on Friday and were on track to end the month higher, as investors took comfort from expectations that a proposed...
Yen back in danger zone as Tokyo officials keep investors on edge
Published Fri, May 29, 2026 · 02:04 PM[TOKYO] As Japan’s yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo’s remaining financial...
KPMG Australia CEO and audit head quit over whistleblower investigation
The accounting firm audits some of Australia’s biggest companies, including major banksPublished Fri, May 29, 2026 · 01:25 PM[SYDNEY] Accounting firm KPMG Australia said on Friday (May 29) that...
Foxconn has immense confidence in growth momentum due to AI, chairman says
The company is Nvidia’s biggest server maker and Apple’s top iPhone assemblerPublished Fri, May 29, 2026 · 12:13 PM[NEW TAIPEI] Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, has...
GIC-backed Coda Payments secures MAS major payment institution licence
It can conduct multiple transactions without being subject to certain threshold limits on volume or float [SINGAPORE] GIC-backed payments firm Coda Payments has received approval from the Monetary Authority of...
SpaceX lowers IPO valuation target to at least US$1.8 trillion
The company expects to make its debut on Nasdaq and Nasdaq Texas under the symbol SPCXPublished Fri, May 29, 2026 · 10:31 AM[SAN FRANCISCO] SpaceX is currently targeting a...
Samsung takes lead in shipping top-end AI memory chip samples
The company says that it has started shipping its first 12-layer HBM4E samples to major clientsPublished Fri, May 29, 2026 · 09:10 AM[SEOUL] Samsung Electronics has begun shipping samples...
Stocks to watch: ST Engineering, Seatrium, Keppel, Clas, OKP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 29): Source link
RHB upgrades Singapore banks on wealth momentum, resilient fee income; names its top picks
[SINGAPORE] RHB has upgraded its rating on the three Singapore banks to “overweight” from “neutral”, citing their continued wealth momentum and resilient fee income generation.The brokerage believes there is...