News
Lockheed to buy Ultra Maritime for US$3.45 billion in sea push
Published Mon, Jul 6, 2026 · 10:27 PM[NEW YORK] Lockheed Martin agreed to buy naval defence business Ultra Maritime, which focuses on submarine detection systems, for US$3.45 billion as...
Broadcom, Apple extend chip partnership through 2031
The extended partnership reinforces Apple’s strategy of locking in long-term supply agreements with key chipmakersPublished Mon, Jul 6, 2026 · 08:27 PM[BENGALURU] Broadcom said on Monday (Jul 6) it...
Thales strikes deal for controlling stake in sea drone maker Exail
Thales and Exail see anti-submarine warfare addressable market increasing almost tenfold to over 700 billion euros in 2030Published Mon, Jul 6, 2026 · 06:28 PM[BRUSSELS] Europe’s largest defence technology...
Singapore stocks rise amid mixed regional trading; STI up 0.3%
Thai Beverage leads the blue-chip gainers with a 2.3% or S$0.01 increase to S$0.45Published Mon, Jul 6, 2026 · 06:06 PM[SINGAPORE] Singapore shares ended higher on Monday (Jul 6)...
China’s biggest ETF is now a US$13 billion gold fund as state stock market support fades
The reshuffling of country’s largest ETFs offers a picture of where investors are putting their moneyPublished Mon, Jul 6, 2026 · 05:37 PM[BEIJING] A China spot gold ETF has...
Philippine economy can handle one more rate hike, central bank governor says
Economy slows dramatically late 2025 following a government probe into public works spendingPublished Mon, Jul 6, 2026 · 04:34 PM[MANILA] Philippine central bank governor Eli Remolona said the economy...
Nvidia AI server delay report sends Asian tech stocks sliding
The stock declines showed investors are wary of any potential negative developments after big runups in AI-related stocksPublished Mon, Jul 6, 2026 · 04:06 PM[SINGAPORE] Asian technology stocks slumped...
Moody’s warns Asia-Pacific private credit expansion to slow
It notes that macroeconomic uncertainty, geopolitical tensions and elevated interest rates weigh on investor appetite for illiquid assetsPublished Mon, Jul 6, 2026 · 03:08 PM[SINGAPORE] Growth in private credit...
NSE said to start marketing US$3 billion India IPO next week
Published Mon, Jul 6, 2026 · 02:12 PM[MUMBAI] National Stock Exchange (NSE) of India, the operator of the world’s largest derivatives exchange by trading volume, is set to begin...
ByteDance, Alibaba pull AI companions as Beijing tightens rules
In the US, tech platforms have come under intense legal scrutiny for similar featuresPublished Mon, Jul 6, 2026 · 12:23 PMBYTEDANCE and Alibaba are pulling the plug on features...
Goldman cuts yen forecast to 165 per dollar, likes carry trades
The lender’s revised forecast is among the most bearish of those surveyed by BloombergPublished Mon, Jul 6, 2026 · 11:42 AM[SINGAPORE] Goldman Sachs Group sees the yen weakening to...
Singapore’s record-high electricity tariff drives retailers to roll out discounts, but price war unlikely
Firms expected to be prudent amid ongoing volatility, with lessons learnt from business failures in the 2021 crisis[SINGAPORE] Singapore’s electricity retailers are out to attract new customers with promotions...