The Business Times
Singapore · English · Digital
A Singapore-based news outlet covering business, financial markets, and economic developments.
- Top beat: Business
- Tracked since 2026
- 4 Singapore peers
Latest stories
- UN pauses Hormuz evacuation plan after ship reports attackThe UN paused its Hormuz evacuation plan after a ship reported an attack, escalating tensions as Iran asserts control over the strait and threatens vessels using unauthorized routes. Oil prices rose amid fears of prolonged disruption to Gulf oil flows.
- Oil gains as ship attack raises concern about Hormuz reopeningOil prices increased as a ship was attacked in the Strait of Hormuz, raising safety concerns and affecting supply flows. The incident led to ships turning around, impacting oil supply, while US and Iran negotiations face challenges over Hormuz tolls.
- Europe labour shortage hands win to Asian builders, says cement maker HolcimEurope's construction sector struggles with labour shortages, prompting increased reliance on Asian contractors and technological solutions.
- Wall Street ends mixed as tech megacap declines outweigh upbeat chip outlookWall Street ended mixed with the Nasdaq declining due to tech sector losses, while the Dow rose slightly and the S&P remained near flat.
- European shares hit record close with healthcare stocks leading broader rallyEuropean shares closed at a record high on Thursday, driven by healthcare and tech stock rallies, while US inflation data kept interest rate hike possibilities open.
- Arcapita and Hines to explore GCC industrial and logistics real estate investmentsArcapita and Hines announce partnership to explore institutional-grade industrial and logistics real estate investments in GCC.
- US first-quarter GDP revised sharply higher; but consumer spending nearly stallsUS GDP growth was revised up to 2.1% for the first quarter, but consumer spending growth was significantly lower than previously reported.
- US weekly jobless claims drop more than expectedUS weekly jobless claims dropped more than expected to 215,000, reflecting a resilient labor market with no significant hiring acceleration or widespread layoffs.
- US consumer spending picks up as inflation hits three-year highUS consumer spending rose in May as inflation hit a three-year high, with the PCE price index increasing 4.1% annually, while personal income and employment data showed mixed signals.
- Wall St opens higher after Micron revives AI optimism, upbeat economic dataWall Street's main indexes advanced on Thursday as strong forecasts from Micron and Qualcomm renewed AI optimism, while upbeat economic data aided sentiment.
- US core capital goods orders rebound sharply in MayUS core capital goods orders rebounded sharply in May, indicating continued business investment driving economic growth, though durable goods orders fell due to a drop in aircraft demand.
- Singapore Airlines CEO’s pay package rises to S$9.7m as revenue hits record S$20.5bSingapore Airlines CEO's pay package rose to S$9.7 million as the airline achieved record revenue of S$20.5 billion. Other executives and directors also received significant remuneration packages.
- Singapore Airlines CEO’s pay package rises to $9.7m as revenue hits record $20.5bSingapore Airlines CEO Goh Choon Phong received S$9.7 million in total remuneration for the financial year ended March 31, as the airline reported record revenue of S$20.5 billion.
- Chinese banks move to rein in retail gold trading on volatilityChinese banks are ending retail precious metals trading services amid market volatility, with gold prices dropping after a recent rally. Key points include the suspension of trading services, falling gold prices, and risk management as the stated reason for the closures.
- US protests China visa rules by snubbing Apec meet in MacauThe US is not sending senior officials to an Apec meeting in Macau, citing China's 'discriminatory' visa rules for American diplomats, while China accuses the US of political manipulation.