Singapore · Business
Same event, multiple sources, transparently cited.
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JPMorgan raises Singapore stock target to 7,000 amid strong economic growth
JPMorgan raised its target for Singapore stocks, citing robust growth and narrowing valuation gaps.
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Samsung and SK Hynix shares surge over 8% on Temasek investment report
Shares of Samsung Electronics and SK Hynix jumped more than 8% after reports that Temasek plans direct investment in the chipmakers.
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CoreWeave reports $2.58B Q2 revenue, raises 2026 spending plan amid AI cloud demand
CoreWeave beat Q2 revenue estimates with $2.58 billion and raised its 2026 capital expenditure forecast due to strong AI cloud demand.
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Singapore’s DayOne Data Centers files confidentially for US IPO, targets up to $6.4 billion
DayOne Data Centers confidentially filed for a US IPO aiming to raise $5 billion to $6.4 billion, with plans to list next quarter.
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Philippines proposes 7.2 trillion peso 2027 budget with higher borrowing to boost growth
President Ferdinand Marcos Jr proposed a 7.2 trillion peso budget for 2027 with increased borrowing to finance a 1.7 trillion peso deficit and support growth.
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UOB beats Q2 profit estimates but fee guidance cut and asset quality raise concerns
UOB reported a stronger-than-expected Q2 net profit of S$1.48 billion while lowering fee income guidance amid rising non-performing assets, prompting mixed analyst reactions.
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Shein valued at $22-$25 billion ahead of IPO, below prior funding rounds
Bloomberg Intelligence estimates Shein's IPO valuation at $22 billion to $25 billion, down from $66 billion in 2023 funding and $100 billion peak in 2022.
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Taylor Farms recalls jalapeño-containing foods over salmonella risk from Mexican supplier
Taylor Farms announced a voluntary recall of prepared foods with jalapeños linked to a salmonella outbreak affecting 27 US states.
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UK PM Burnham vows ban on misleading discounts and stronger subscription protections
UK Prime Minister Andy Burnham announced plans to ban deceptive retail pricing and introduce new subscription trap rules starting January 2027.
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Singapore PM Wong to unveil detailed family support plans at National Day Rally
Prime Minister Lawrence Wong will announce government plans to support families and reduce child-raising costs on August 23 at the National Day Rally.
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Nvidia to Invest Up to $3 Billion in Lancium for AI Data Center Expansion
Nvidia will invest an initial $2 billion for a 20% stake in Lancium, with an additional $1 billion possible based on grid hookups.
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Eight Arrested After Fun Coffee Ponzi Scheme Collapses, Investors Lose Millions
Authorities in Singapore, Hong Kong, and Macau arrested nine people linked to the collapsed Fun Coffee investment scheme, with losses hitting HK$100 million.
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Former Sakae Holdings director Ong sentenced to 10.5 years for misappropriating S$15.8 million
Andy Ong Siew Kwee was jailed 10.5 years for misappropriating S$15.8 million from a joint venture linked to Bugis Cube on August 7, 2026.
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Deutsche Bank and KBC freeze Radiant World accounts amid trade document concerns
Deutsche Bank and KBC Group froze Radiant World's Singapore bank accounts as top commodity traders suspend ties over alleged document falsification.
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JustCo reports narrower H1 2026 loss and plans 28 new centres by year-end
JustCo narrowed its net loss by 52% in H1 2026 and announced 28 new centres planned for 2026.
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Singapore Exchange posts 24.6% rise in full-year adjusted net profit for 2026
Singapore Exchange reported a 24.6% increase in its full-year adjusted net profit to S$759.5 million for 2026.
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Genting Singapore reports 33.5% profit decline in H1 2026 despite stable revenue
Genting Singapore's H1 2026 profit fell 33.5% to S$156.1 million amid higher costs, while revenue remained near S$1.2 billion.
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Passenger Partially Sucked Out of Ryanair Plane After Engine Fan Blade Failure
A Ryanair flight from Greece to Germany on July 10 suffered an engine failure that shattered a cabin window, injuring a passenger seriously.
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US imposes 12.5% tariff on S$9.5 billion of Singapore exports under forced labour probe
The US slapped a 12.5% tariff on S$9.5 billion of Singapore’s goods amid a forced labour investigation.
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Britain’s Job Market Downturn Matches Longest Since 2008-09 Crisis
Britain’s private sector cut jobs for 22 straight months through July 2026, matching the longest slump since the 2008-09 financial crisis.
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SMRT Trains' profit nearly doubles to S$12.8 million as revenue rises 5.6%
SMRT Trains reported a near doubling of profit to S$12.8 million for FY 2025/2026 on a 5.6% revenue increase to S$969.7 million.
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Category A COE premium falls 1.7% to S$123,890 in Aug 5 bidding; Category B stable
Category A COE premium dipped 1.7% to S$123,890 in Aug 5 tender, while Category B remained nearly unchanged at S$129,910.
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UOB agrees to sell asset management arm to Allianz Global Investors for S$555 million
United Overseas Bank agreed on August 5 to sell its asset management business to Allianz Global Investors for S$555 million.
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Singapore's GIC seeks to sell about US$1 billion in private equity stakes
Singapore's sovereign wealth fund GIC is looking to sell private equity fund stakes valued near US$1 billion, including holdings in EQT, TPG Asia, and KKR.