27 minutes ago
GrabCab to raise taxi fares temporarily to help drivers amid volatile fuel prices
Koh Kim Xuan - Move will ‘provide direct relief’ for drivers amid volatile fuel prices, says Singapore-based taxi operator
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
30 minutes ago
Some US car buyers envy what they cannot have – affordable Chinese EVs
China has surged past Japan in recent years to become the world’s top vehicle exporter
33 minutes ago
Analysis:BOJ's narrative shift signals dogged commitment to rate hikes
TOKYO, March 23 : The Bank of Japan is laying the groundwork for tweaks to its policy language in April, keeping alive the chance of a near-term interest rate hike as the weak yen and Middle East conflict pile inflationary pressures on the economy.While the central bank kept rates steady last week, ...
57 minutes ago
Credit Suisse’s AT1 bond crash fuelled leadership crisis at HDFC
For a bank already grappling with balance sheet challenges following its 2023 merger with a mortgage lender, the timing could hardly be...
1 hour ago
Singapore’s core inflation rises to 1.4% in February, highest since December 2024
Authorities say Singapore’s import cost pressures are likely to rise in the near term.
1 hour ago
Most SGX listcos fail to offer transparency on how executive bonuses are set: NUS study
Ranamita Chakraborty - [SINGAPORE] A large majority of Singapore Exchange (SGX)-listed companies do not disclose how bonuses are determined for executive directors, according to a...
1 hour ago
Singapore’s core inflation accelerates to 1.4%, headline inflation eases to 1.2% in February
Elysia Tan - MAS and MTI keep official forecasts for both at 1 to 2% for the full year
1 hour ago
Oil whipsaws as war risks to energy facilities counter prospect of eased Iran sanctions
NEW DELHI, March 23 : Oil prices swung between gains and losses on Monday as investors weighed rising U.S. and Iranian threats over energy facilities against the release of millions of barrels of seaborne Iranian oil after Washington temporarily removed sanctions.Brent crude futures rose 65 cents to ...
1 hour ago
Valuation dips for financial service M&As in S-E Asia despite more deals and global surge in ‘megadeals’: EY
Deon Loke - The fall in deal value signals a strategic move towards smaller acquisitions and minority investments
1 hour ago
DBS remains JP Morgan's top pick despite Iran War impact, IT outage
The Edge Singapore - While the local market and markets in Apac have taken the Iran War in their stride, with minimal impact thus far, a prolonged energy crisis could have a second-order impact, according to JP Morgan. In an update on Mar 22, JP Morgan says the shifts in the availability and price of energy should lead ...
2 hours ago
‘Trust the founder’? Grab’s super-voting share proposal raises governance questions for investors
Sharanya Pillai - Shareholders would have to be content as passengers in a vehicle ‘with a permanent driver’, says an observer
2 hours ago
IEA discussing further oil stock releases, chief Birol says
The executive director will travel to Japan later this week before a Group of Seven meeting
2 hours ago
Would a subsidy clawback of 20 per cent or more for top HDB BTO projects be excessive?
Leslie Yee - A Pearl’s Hill BTO flat may not be a slam dunk with tighter restrictions in place for Prime flats
2 hours ago
Saudi Aramco cuts oil supply to Asia for second month in April
Saudi Arabia has exported 4.355 million barrels per day of crude so far in March
2 hours ago
DBS downgrades Singtel to ‘hold’ with Bharti’s share price easing
Nurdianah Md Nur - DBS Group Research analyst Sachin Mittal has downgraded Singapore Telecommunications (Singtel) to “hold”, citing limited upside after a sharp re-rating. He has lowered his target price to $5.36 from $5.71 previously. Over the past 12 months, Singtel’s share price has risen more than 51%, with ...
3 hours ago
Japan considers cutting inflation-linked bond buybacks as demand rises: sources
Since restarting issuance, the government has sought to nurture the market by guaranteeing principal and continuing with its buybacks
3 hours ago
Sinopec flags chemicals spending cut as profit pressure mounts
China’s massive oil reserves have given the world’s largest oil importer some breathing space to deal with the Middle East war
3 hours ago
Exclusive-Japan considers cutting inflation-linked bond buybacks as demand rises, sources say
TOKYO, March 23 : Japan is considering a reduction in buybacks of inflation-linked government bonds as investor demand swells amid rising inflation expectations, two sources familiar with the matter said on Monday.In late January, market-based inflation expectations, measured by the break-even infla ...
3 hours ago
Xpeng shares decline as revenue forecast misses estimates
The company expects sales of 12.2 billion yuan to 13.3 billion yuan during the first three months of this year
3 hours ago
LG Chem plans to shut down its no. 2 ethylene plant soon, source says
SEOUL, March 23 : South Korea's LG Chem plans to shut down its no. 2 ethylene plant soon, a person familiar with the matter told Reuters on Monday, due to soaring prices of naphtha amid the Iran war.The plant is located in the Yeosu industrial complex and has an annual capacity of 800,000 metri ...
3 hours ago
Kpop agency HYBE shares drop after boyband BTS comeback concert
[SEOUL] Shares of Kpop agency HYBE fell 14.5 per cent to a four-month low on Monday after a weaker-than-expected turnout at its...
4 hours ago
VPBank seeks US$1.2 billion in one of Vietnam’s largest ESG deals
The Hanoi-based firm has mandated more than a dozen banks to underwrite the three-year facility, according to sources
4 hours ago
Australian shares drop to 10-month low as traders gauge Middle East jitters
AUSTRALIAN shares fell to a more than a 10-month low, with banks and heavyweight miners leading declines, as uncertainty over the Middle...
4 hours ago
Lendlease REIT units drop after preferential offering not fully taken up
The Edge Singapore - Lendlease Global Commercial REIT units dropped after its preferential offering of $196.6 million was not fully taken up. As at 9.57 am, Lendlease REIT units dropped 3.48% to 55.5 cents. It is the fourth most heavily traded counter thus far today. According to Lendlease REIT, it received total applic ...
4 hours ago
Co-living operator The Assembly Place to convert 11-storey 163 Tras Street into 152-room hotel
Jovi Ho - Catalist-listed co-living operator The Assembly Place has completed its acquisition of 163 Tras Street, an 11-storey freehold commercial building formerly known as Lian Huat Building. The Assembly Place intends to convert the property into a 152-room hotel. According to a March 23 announcement, prov ...
5 hours ago
Taiwan's ASE to invest $12 mil in AEM via placement at $3.591 each
The Edge Singapore - Taiwan chip tester ASE Technology Holding is investing $12 million in AEM Holdings via a placement of 3.35 million shares at $3.591 each, as part of a broader collaboration to jointly capture the fast-growing market for AI and high performance computing, or HPC. AEM shares, as at 9.33 am, dropped 5. ...
5 hours ago
STI down 2.1% as Asia markets drop on Trump, Iran threats; gold slumps to 3-month low
Shikhar Gupta - US president says America will ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
5 hours ago
STI down 2.1% as Asia markets drop on Trump, Iran threats; gold slumps to 4-month low
Shikhar Gupta - He says the US would ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
5 hours ago
STI falls 2.1%, Nikkei drops over 4% as Asia markets decline on Trump, Iran threats
Shikhar Gupta - Trump says the US would ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
5 hours ago
STI falls 2.1%, Nikkei down 5% as Asia markets decline on Trump, Iran threats
Shikhar Gupta - He says the US would ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
5 hours ago
Global LNG exports fall to six-month low on Iran conflict
The drop is primarily from Qatar, and to a lesser extent the United Arab Emirates, the data shows
5 hours ago
Malaysia, Singapore equities hold up since Middle East conflict erupted, defying regional gloom
Evan See - Malaysia’s Petronas Chemicals is the region’s top gainer, with shares up over 80% since the war began
5 hours ago
Nikkei falls 4% on fears of inflation, higher rates from Iran war
[TOKYO] Japan’s Nikkei share average fell 4 per cent on Monday as concerns about escalation of the Middle East war stoked inflation...
5 hours ago
Japan’s Nikkei, bonds hit multi-month lows on war-driven inflation fears
[TOKYO] Japan’s stocks and bonds sank to multi-months lows on Monday as an escalation in the Middle East war stoked inflation fears...