The Singapore dollar consolidates against its U.S. counterpart ahead of the U.S. nonfarm payrolls report due out later today. The report poses two-way risks for U.S. dollar, given volatility of the data, Maybank analysts say in a FX research & strategy report. "If it comes out much stronger than ex…
Investor concerns over Pal Group's high input costs due to the Middle East conflict have likely faded, given initial U.S.-Iran agreement, SMBC Nikko Securities analysts say in a research report. Also, the Japanese company's P/E should increase if more footfall traffic at its 3Coins stores in Japan…
By Kwanwoo JunSK Hynix plans to invest more than $64 billion to construct new chip-making facilities in Cheongju, central South Korea, in coming years.The South Korean chip maker on Thursday detailed its planned investments of 100 trillion won, equivalent to $64.48 billion, which are part of its ma…
By Sherry QinAsian stocks were mostly lower as the region's biggest beneficiaries of the global artificial intelligence boom lost ground on concerns over the sustainability of spending in AI infrastructure.The losses followed Wall Street's weakness overnight as most AI infrastructure stocks were we…
Mitsubishi Electric Doesn't Disclose Financial Details >6503.TO
Mitsubishi Electric: Infostellar Is Now a Wholly Owned Subsidiary >6503.TO
Iron ore rises in early Asian trading. The metal is expected to trade in a volatile range, Galaxy Futures analysts say in a commentary. Underlying fundamentals remain weak, with global shipments still relatively ample, portside inventories staying structurally elevated, and steel demand in China co…
Mitsubishi Electric Wholly Acquires Infostellar To Expand Ground Station Services For Satellite Operators >6503.TO
By Hannah MiaoEuropean trade negotiators have suggested China is flooding the continent with too many goods. But state-media commentators in China are gleefully pointing out there is at least one product Europeans are eager to import more of: air conditioners."If China stops selling air conditioner…
(03:00 GMT) *Mitsubishi Electric Wholly Acquires Infostellar To Expand Ground Station Services For Satellite Operators >6503.TO (03:00 GMT) Press Release: Mitsubishi Electric Wholly Acquires Infostellar to Expand Ground Station Services for Satellite OperatorsTOKYO--(BUSINESS WIRE)--July 01, 2026…
Palm oil falls in Asian trading, tracking lower soybean oil prices overnight on the Chicago Board of Trade. Lower crude oil prices could also weigh on CPO prices as softer energy prices reduce palm oil's attractiveness as a biofuel feedstock. However, the recent ringgit weakness could provide some…
By James GlynnSYDNEY--Australia's property market slowdown is gathering pace, with less than half of houses offered for sale at auctions successfully finding a buyer.There were 1,748 combined capital city auctions in the week ended June 28, a 7.0% decline from 1,880 the previous week and 14.5% lowe…
Sheng Siong Group's earnings growth is likely to be lifted by its new store openings, RHB Research analyst Alfie Yeo says in a report. The supermarket chain operator's 2026 growth should be driven by full 12-month earnings contributions from its opening of 12 new stores in 2025. Its 2027 growth wil…
Telstra's bulls at Morgan Stanley advise investors to watch for who takes a stake in smaller rival Optus. The MS analysts flag that Singapore Telecommunications is exploring the possibility of selling a minority stake in Optus to a local partner, with implications for sector asset values and compet…
Sheng Siong Group Target Price Raised to S$3.59 From S$3.45 by RHB Research >OV8.SG
Bitcoin edges higher in early Asian trade. Carsten Menke at Julius Baer expects volatility in bitcoin trading to remain elevated. Investors' holding conviction appears to be crumbling as prices stay under pressure, he says in a note. Markets are also grappling with selling fears following the annou…
By James GlynnSYDNEY--Australia's property market slowdown is gathering pace, with less than half of houses offered for sale at auctions successfully finding a buyer.There were 1,748 combined capital city auctions in the week ended June 28, a 7.0% decline from 1,880 the previous week and 14.5% lowe…
By P.R. VenkatEuropean tank manufacturer KNDS has postponed its plans for an initial public offering citing current market volatility."KNDS and its shareholders will continue to monitor the capital markets conditions closely and stand ready to resume the IPO process as soon as market conditions all…
By Rhiannon HoyleNorthern Star Resources picked the head of Glencore's nickel and zinc industrial assets to be its next chief executive, opting for an outsider as it faces pressure from activist investor Elliott Investment Management for change.Suresh Vadnagra--who, prior to Glencore, oversaw major…
Pal Group Holdings Started at Outperform by SMBC Nikko Securities >2726.TO
