US stocks pull back as traders evaluate new Middle East developments

Recent moves feel ‘like two or three steps forward and one step back’, says one analyst

Victoria’s Secret has revived its popular annual runway show after a six-year hiatus.

Victoria’s Secret soars as turnaround powers upbeat annual forecasts

Shares of the lingerie retailer have nearly trebled in the past 12 months

It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official.

IEA sees possibility of critically low oil stockpiles ahead of peak summer demand

Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market

The offering is the first since the Swiss government decided in late April not to proceed, for the time being, with proposed adjustments to AT1 regulations.

UBS offers its first AT1 since Swiss authorities paused reforms

The lender is looking to sell at least US$500 million of perpetual bonds, says a source

STRAIGHT TO YOUR INBOX

Start and end each day with the latest news stories and analyses.

DBS and OCBC are each up 2.9%, while UOB has advanced 2.1%.
HOT STOCK

DBS, OCBC close at fresh highs as Singapore banks lead STI gains

Citing wealth momentum as a tailwind, RHB lifts its rating on the Republic’s lenders to ‘overweight’

Tiger Brokers now has 1.28 million funded accounts, having added 28,900 in Q1.

Tiger Brokers’ parent UP Fintech swings into Q1 loss of US$26.9 million on penalty from China probe

The group is putting up to US$50 million towards a year-long share buyback programme

Across the broader market, gainers trail losers 335 to 347, after 1.9 billion securities worth S$2.9 billion change hands.

Singapore stocks rise on Tuesday; STI up 1.2%

DBS leads gainers on the benchmark index, rising 2.9% to end at a fresh high of S$64.67

SK Hynix chairman Chey Tae-won says that the company is responding to an endemic deficit of storage chips that could last till 2030.

SK Hynix plans to double capacity to ease memory chip crunch

The company will do whatever it takes to fund the expansion, says chairman Chey Tae-won

International debt issuance in euros hit a record high in 2025, says the European Central Bank.

Euro’s global role is up slightly, but still distant from the US dollar

Overall usage of the common currency has risen to about 20%: ECB

Keppel is significantly ahead of schedule on its 2050 target to hit net zero on Scope 1 and 2 emissions.
HOCK LOCK SIEW

Keppel should take heart from its success and make a firm pledge on Scope 3 emissions

Its business model includes importing natural gas and managing asset portfolios so the bulk of its emissions impact falls under Scope 3