News

Japan’s April yen intervention set daily record as pressure persists
It may have spent as much as US$58.97 billion on Jul 30 and US$36.58 billion on the next day propping up the yenPublished Fri, Aug 7, 2026 · 11:53...
Asian stocks gain as South Korean tech shares advance
The MSCI Asia Pacific equities gauge climbs 0.2% as South Korean shares rise 1.3%Published Fri, Aug 7, 2026 · 10:45 AMASIAN stocks gained on Friday (Aug 7) as traders...
OpenAI’s new device will be hockey puck-sized and cost over US$300
OpenAI is looking to break new ground with the product, slated for release in 2027[SAN FRANCISCO] A highly anticipated new device from OpenAI will have a unique look, complete...
OCBC shares scale new peak on strong Q2 earnings; UOB pares morning losses
UOB’s net profit climbs 10% to S$1.48 billion; OCBC’s is up 22% at S$2.22 billion[SINGAPORE] Shares of UOB and OCBC diverged after the local banks’ second-quarter earnings release, with...
Stocks to watch: UOB, OCBC, StarHub, SGX, Yangzijiang Shipbuilding, Venture, JustCo
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 7): Source link
Petrobras profit jumps 80%, tops estimates on Iran war-driven oil rally
This comes as supply disruptions from the Middle East conflict lift prices for crude, petrol and dieselPublished Fri, Aug 7, 2026 · 08:08 AM[RIO DE JANEIRO] Brazilian oil producer...
UOB Q2 profit climbs 10% to S$1.48 billion, edging past estimates
[SINGAPORE] UOB’s net profit for its second quarter rose 10 per cent as net fee income rose on record wealth management fees, it said on Friday (Aug 7).Net profit...
Oil settles up US$3 as Iran reviews bill to ban US, Israeli vessels from Hormuz
Published Fri, Aug 7, 2026 · 06:08 AM[HOUSTON] Oil prices settled up by more than US$3 a barrel on Thursday (Aug 6) on news an Iranian parliament committee is reviewing...
Oil rises on concerns over Strait of Hormuz reopening plans
Analysts said the events that have unfolded this week signalled that the hostilities between Iran and the US are not yet overPublished Fri, Aug 7, 2026 · 06:08 AM...
TikTok to close Nashville office, lay off 250 employees
TikTok said Wednesday it will close its Nashville office in October, laying off 250 workers.The move is a retrenchment from the social video company’s expansion into Nashville in 2024...
SGX has IPO pipeline of around 50 companies in various stages of readiness amid record results
SGX reports a 7.8% rise in its FY2026 net profit to S$698.4 million, driven by gains across all its segments[SINGAPORE] Singapore Exchange (SGX) says its pipeline of initial public...
S&P 500, Nasdaq open lower as tech stocks weigh; Middle East in focus
Published Thu, Aug 6, 2026 · 10:06 PM[NEW YORK] The benchmark S&P 500 and the Nasdaq opened lower on Thursday (Aug 6), weighed by a drop in technology stocks...