23 minutes ago
Japan’s Mizuho books 44% rise in Q2 profit, raises forecast
The company’s results show how Japan’s largest banks are cashing in on the end of ultra-low interest rates
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
24 minutes ago
ACS, BlackRock launch 2 billion euro data centre joint venture
MADRID :Spain's ACS and BlackRock's Global Infrastructure Partners have created a joint venture to develop an initial 2 billion euro ($2.33 billion), 1.7 gigawatt portfolio of data centres, the Spanish company said on Friday. Both companies will have a 50 per cent stake in the joint ventur ...
42 minutes ago
Japan's SMFG logs 57% rise in Q2 profit, hikes forecast
TOKYO :Japan's second-largest banking group Sumitomo Mitsui Financial Group posted a 57 per cent rise in second quarter net profit, it said on Friday.Net profit in the July-September period came to 557 billion yen ($3.7 billion) as compared to 354 billion yen over the same periood a year previo ...
49 minutes ago
Lukoil’s oil trading business sheds staff in Singapore, Geneva and Dubai as sanctions near
[LONDON] The oil trading business of Russia’s Lukoil PJSC began shedding staff all over the world – with just days to go...
1 hour ago
Australia's big four banks move to bypass mortgage brokers as profits squeezed
They are looking to offset pressure on profit margins from lower interest rates, higher costs and intensifying competition
1 hour ago
Japan's largest lender MUFG records 7% rise in second-quarter profit
TOKYO :Japan's Mitsubishi UFJ Financial Group on Friday posted a 7 per cent rise in second-quarter net profit.Profit for July-September came to 747 billion yen ($4.95 billion) compared to 702 billion yen over the same period a year previously, Japan's largest banking group said.MUFG hiked ...
2 hours ago
Japan's Nidec to submit improvement plan to stock exchange, skips annual forecast
TOKYO :Nidec said on Friday it will submit an improvement plan to the Tokyo Stock Exchange after being placed on a "special alert" over inadequacies in its internal controls and accounting practices.The Japanese electric motor maker refrained from issuing a new annual operating profit fore ...
2 hours ago
Japan's Mizuho logs 44% quarterly profit jump, raises forecast and launches buyback
TOKYO :Japan's Mizuho Financial Group on Friday posted a 44 per cent rise in second-quarter net profit as it cashed in on a long-awaited rise in domestic interest rates and the continuing wave of corporate action fuelled by the end of deflation in Japan.Profit for July-September reached 399 bil ...
2 hours ago
Japan's Mizuho books 44% rise in second-quarter profit, raises forecast
TOKYO :Japan's Mizuho Financial Group on Friday posted a 44 per cent rise in second-quarter net profit.Profit for July-September reached 399 billion yen ($2.65 billion) compared to 277 billion yen over the same period a year previously, Japan's third-largest banking group said.Mizuho hiked ...
2 hours ago
Japan's megabanks lift profit forecasts to record highs, up buybacks
TOKYO :Japan's largest banks raised their annual profit forecasts and share buyback programmes after second quarter earnings as they cashed in on a long-awaited rise in interest rates and a wave of corporate activity fuelled by the end of deflation.Mizuho Financial Group on Friday posted a 44 p ...
3 hours ago
Citi is growing rapidly in China on huge interest, CEO says
The lender is focused on serving Chinese companies looking to expand overseas as well as clients with cross-border need
3 hours ago
Google offers EU to change adtech policy, no divestment
BRUSSELS :Alphabet's Google has offered to make it easier for publishers and advertisers to use its online advertising technology, defying EU antitrust regulators' call for it to sell part of the business to address conflicts of interest.Regulators on both sides of the Atlantic are targeti ...
3 hours ago
Stablecoins are challenging Asia’s financial order
Evan See - The rise of currency-backed digital tokens is putting pressure on institutions to rethink their financial plumbing
3 hours ago
The geopolitical risk illusion: Why ‘forecasting geopolitics’ is poor risk management
Lee Ooi Keong - Singapore companies have spent millions on geopolitical dashboards, scenario planning exercises, early-warning AI tools and geopolitical consulting services. Yet none predicted or prevented losses from Covid-19, Russia’s invasion of Ukraine or Middle Eastern conflicts. The failure was due not to a ...
3 hours ago
What the conventional economic wisdom is missing
Joseph H. Davis - What are we to make of gold and US stocks, especially tech-heavy indices, recently hitting record highs around the same time? Traditionally, gold surges when equities correct; but this time, both have risen together, defying conventional wisdom. Faced with what look like increasingly frothy prices, ...
3 hours ago
Punctuality, passenger impact among LTA’s new reliability indicators; 99% of trains on time in Sept
[SINGAPORE] The Land Transport Authority (LTA) has released data on three new rail reliability indicators, with one of them showing that more than 99...
3 hours ago
Country Garden seeks shareholder approval on US$13 billion convertible bonds issue
Country Garden Holdings said on Friday (Nov 14) it will seek shareholder approval for an offshore debt restructuring proposal aiming to deleverage by around US$11 billion, as well as for other loan repayment plans, which will see a dilution in their stakes.Aimed at easing one of the biggest defaults ...
4 hours ago
No Grab-GoTo merger notification yet, says Singapore competition watchdog
[SINGAPORE] The competition watchdog here has not received any notification from ride-hailing firms Grab or GoTo on any proposed merger, but said...
4 hours ago
SIA reiterates support for Air India despite the drag on earnings
Tay Peck Gek - ‘This is a long-term investment for us, and we have no disillusion that along the way there will be challenges’, CEO Goh...
5 hours ago
India's Pine Labs jumps 29%, overcoming valuation jitters in red-hot IPO market
BENGALURU -India's Pine Labs soared in its trading debut on Friday, valuing the company at 320.27 billion rupees ($3.64 billion), as strong growth prospects for the payment solutions company trumped valuation worries in a sizzling IPO market.After listing at 242 rupees, the stock rose as much a ...
5 hours ago
Pine Labs shares surge 10% in India debut as investors shrug off valuation jitters
BENGALURU -Shares of fintech firm Pine Labs rose nearly 10 per cent in their trading debut on Friday as investors shrugged off concerns over profitability and stretched valuations.The stock listed at 242 rupees on the National Stock Exchange (NSE), above its issue price of 221 rupees.Pine Labs' ...
5 hours ago
Malaysia enters mediation with Julius Baer on US$112 million 1MDB lawsuit
MALAYSIA said it’s entered mediation talks with Julius Baer Group in a bid to settle a US$112 million lawsuit filed against the...
5 hours ago
Amazon, Microsoft back effort to restrict Nvidia’s exports to China: WSJ
AMAZON is joining Microsoft in backing legislation to further curb chipmaker Nvidia’s ability to export chips to China, the Wall Street Journal...
5 hours ago
Malaysia’s Q3 growth hits 5.2%, outlook for 2025 at high end of forecast
KUALA LUMPUR : Malaysia's economy expanded at its fastest pace in a year in the third quarter, with 2025 growth slated to register in the upper end of Bank Negara Malaysia's (BNM) forecast, the central bank said on Friday. Gross domestic product rose 5.2 per cent in the July-to-September p ...
5 hours ago
Malaysia's economy grows 5.2 y/y in Q3, in line with forecasts
KUALA LUMPUR :Malaysia's economy grew 5.2 per cent in the third quarter of 2025 from a year earlier, in line with expectations, following a rebound in key sectors and strong domestic consumption, official data showed on Friday.Economists polled by Reuters and a preliminary government estimate ...
5 hours ago
Malaysia’s Q3 growth fastest in a year, 2025 outlook at high end of forecast, central bank says
KUALA LUMPUR :Malaysia's economy expanded at its fastest pace in a year in the third quarter, with growth in 2025 poised to come in at the upper end of the central bank's forecast, Bank Negara Malaysia said on Friday. Gross domestic product rose 5.2 per cent in the July-to-September period ...
5 hours ago
Asia: Markets sink on concerns over tech rally, Fed rates
ASIAN markets sank on Friday, tracking a selloff on Wall Street as worries over next month’s Federal Reserve interest rate decision and...
5 hours ago
Gold rises, poised for weekly gain on softer dollar
GOLD prices edged higher on Friday and were poised for a weekly rise, supported by a weaker dollar, although gains were kept in...
6 hours ago
Innotek rides AI wave with Nvidia deal; mulls expansion in Malaysia
Teo Zheng Long - In line with shifting industry trends, listed manufacturer Innotek has observed changes in the composition of its customer base. Since its founding in 1984 in the US as Magnecomp, the company has undergone name changes as well in tandem with the market’s ebb and flow, accompanied by a steady strea ...
6 hours ago
CAREIT CEO: The human touch behind Centurion’s living spaces
Julian Wong - Centurion Accommodation REIT (CAREIT) is redefining worker housing with empathy at its core, building on the legacy of its sponsor, Centurion Corporation. ”If I’m sending my son somewhere,” says CAREIT CEO Tony Bin, “I’d want him to be treated as well as the circumstances allow. Why should ...
6 hours ago
Asean+3’s cross-border payments revolution and its new policy risks
Yasuto Watanabe - Not long ago, sending money across borders meant long waits and hefty fees. A simple remittance could take several days to clear and cost more than 6% of the transaction amount. Today, in parts of Asean, the same transaction or retail payment can happen in seconds — often at a fraction of the cost ...
6 hours ago
The boom in private tech investing
Assif Shameen - Over the past decade or so that I have written this fortnightly tech column, I have occasionally received feedback from readers across Southeast Asia. While I do know some of the people who send me comments or queries, I don’t know how others got my email contact. Most of the questions I get are a ...
6 hours ago
Nissan to cut jobs at European regional office as part of global overhaul
TOKYO/PARIS :Nissan will eliminate 87 positions at its European regional office in France, a company document and internal emails showed, as part of CEO Ivan Espinosa's global restructuring and turnaround plan that includes a 15 per cent cut in headcount. The struggling Japanese automaker is wo ...
6 hours ago
Singing all the way to the bank: Vietnam’s pop culture is big business
Jamille Tran - The country’s entertainment giants Yeah1 and DatVietVAC are cashing in as pop culture explodes