Singapore · Business
Same event, multiple sources, transparently cited.
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At least S$3.6 million lost in 48 WhatsApp-linked investment scam cases since May 2026
Since May 2026, scammers using WhatsApp chat groups have defrauded victims of at least S$3.6 million in Singapore, police said.
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Singapore’s first trout farm begins operations with 1,200 tonnes annual output
Blue Aqua International started Singapore’s first local trout farm in June 2026, aiming for 3,000 tonnes yearly by 2028.
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US Dollar Weakens Slightly After Reaching Two-Month High as Jobs Data Spurs Market Volatility
The US dollar slipped to 99.23 on June 5 after hitting a two-month peak, while strong US jobs data and regional tensions influenced markets.
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Bill Ackman sells Universal Music shares after €56 billion takeover bid rejected
Bill Ackman sold part of his Universal Music Group stake following rejection of his €56 billion takeover bid.
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Category A COE Price Rises to $126,009 Narrowing Gap with Category B to $980
Category A COE price rose 1.4% to $126,009 on June 4, while Category B fell 1.9% to $126,989, narrowing the price gap in Singapore.
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Air India Seeks $1.5 Billion Equity from Tata Sons and Singapore Airlines Amid $2.33 Billion Losses
Air India has requested $1.5 billion in fresh equity from its owners Tata Sons and Singapore Airlines after reporting combined losses of $2.33 billion in fiscal 2026.
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Indonesia, Malaysia and Singapore renew pledge to keep Malacca and Singapore Straits safe and open
Indonesia, Malaysia and Singapore reaffirmed their commitment to maintain security and openness in the Straits of Malacca and Singapore at a forum in Singapore on August 25, 2026.
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Nearly Half of Global Oil Supply Comes from Conflict Zones Six Months into Iran War
About 45 million barrels per day, or 43% of global oil, comes from conflict-affected countries six months after the Iran war began.
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Porsche sells consulting unit MHP to TCS and signs €1.25 billion AI partnership
Porsche agreed to sell its consulting firm MHP to Tata Consultancy Services and joined a €1.25 billion five-year AI partnership with TCS.
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Gold prices hit highest since mid-May amid US Treasury bond buyback and dollar weakness
Gold prices rose above $4,640 per ounce as the US Treasury doubled bond buybacks and the dollar weakened.
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Fiji rejects Australian billionaires’ plan to burn imported waste for energy
Fiji’s environment ministry rejected a proposal to build a large waste-to-energy incinerator near Nadi on June 4, 2026.
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Israel and Lebanon agree conditional ceasefire as oil prices slip amid US-Iran talks
Israel and Lebanon agreed on a conditional ceasefire tied to Hezbollah halting fire as Brent crude dropped to $97 a barrel amid stalled US-Iran talks.
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Singapore two-year dollar swap rate hits record discount vs US amid capital inflows and Fed outlook
Singapore's two-year dollar swap rate fell to a record 246 basis points discount to US rates driven by strong capital inflows and expectations of Fed hikes.
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Singapore stocks fall 1.4% as Middle East tensions worsen and Fed rate fears rise
Singapore equities dropped sharply Thursday, June 4, 2020, after escalating Middle East conflict and renewed US interest rate hike concerns.
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Stoneweg Europe Stapled Trust to sell Parc de Meslay cold warehouse in France for €5.7 million
Stoneweg Europe Stapled Trust announced it will sell the Parc de Meslay cold chain warehouse in Tours, France, for 5.7 million euros to SNC France Plateformes.
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Brazilian Brokerage XP Sees France as World Cup Favorite, Highlights Retail and Beverage Stocks
Brazilian brokerage XP projects France as top World Cup contender and spotlights Brazilian retail and beverage sectors benefiting from the event.
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UOB’s damages against Lippo Marina Collection raised to S$76.1 million on appeal
The High Court increased UOB’s damages to S$76.1 million from S$17.7 million over inflated housing loans to Marina Collection buyers.
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Singapore’s core inflation rises to 2% in July on higher electricity, food and services costs
Singapore’s core inflation rose to 2.0% year-on-year in July 2026, driven by sharp increases in electricity prices and higher food and services costs.
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US expands Iran sanctions as oil prices dip and markets await Nvidia earnings, Jackson Hole speech
US Treasury expanded sanctions on Iran, sending oil prices lower and rattling markets ahead of Nvidia’s earnings and Fed Chair Warsh’s speech.
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Holland & Barrett returns to Singapore through partnership with DFI Retail Group
Holland & Barrett re-entered Singapore in June 2026 via a multi-year deal with DFI Retail Group, making products available in Guardian stores.
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SpaceX, Anthropic, and OpenAI plan IPOs in 2026 amid rising AI market competition
SpaceX aims for a June 2026 IPO, Anthropic has confidentially filed, and OpenAI may go public by September 2026.
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Nvidia’s PC chip push raises risks for AEM Holdings, DBS keeps buy rating
Nvidia’s entry into AI PCs pressures AEM Holdings’ chip testing business, but DBS maintains a buy rating with an unchanged target price.
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Singapore raises income ceiling for BTO flats, boosting demand and supply outlook
Prime Minister Lawrence Wong announced income ceiling hikes for BTO flats and resale grants, aiming to expand eligibility and raise demand.
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IEA Warns Global Oil Stockpiles May Hit Critical Lows Ahead of Peak Summer Demand
The IEA warned oil stockpiles could fall to critical levels this summer amid Middle East tensions and supply bottlenecks.