BOK governor nominee says flexible monetary policy needed amid Iran war
SEOUL, March 31 : Shin Hyun-song, nominee for the governor of Bank of Korea, said on Tuesday that the central bank needs "flexible" monetary policy to deal with rising risks from the Iran war. Shin said at a meeting with reporters that the current level of the Korean won was not concerning ...
Yeo's lays off 25 employees at Singapore's Senoko facility
The Singapore food and beverage company says it is consolidating can manufacturing to Malaysia.
Oil rises for a fourth day on supply cuts from widening Middle East conflict
BENGALURU, March 31 : Oil prices rose for a fourth day on Tuesday, with Brent crude poised for its largest monthly gain on record and U.S. crude futures set for their strongest monthly increase since 2020, because of supply constraints from the widening Middle East war.Brent crude futures for May ro ...
Yeo Hiap Seng cuts 25 Singapore staff as it moves canning operations to Malaysia
Therese Soh - Staff were informed of the layoffs in a closed-door briefing on Tuesday
Australian $240 billion pension fund snaps up Japanese, European stocks and UK bonds
SYDNEY, March 31 : Australia's No.2 pension fund has increased its global equities, Australian and British bond investments, some of the world's most sold-off asset classes, in the past month to take advantage of financial market volatility created by the Iran war.The Australian Retirement ...
Singapore’s medical cost inflation set to hit record 16.9%; insurers’ body urges collective action
[SINGAPORE] With medical cost inflation in Singapore projected to hit a record high of 16.9 per cent in 2026, the Life Insurance Association...
Samsung SDI to lend $1.05 billion to Stellantis JV StarPlus Energy
SEOUL, March 31 : South Korea's Samsung SDI said it plans to lend 1.6 trillion won ($1.05 billion) to StarPlus Energy, its battery joint venture with Stellantis.The company said in a regulatory filing that the loan would be used to fund capital investment.Last month, Bloomberg reported that Ste ...
Chinese cars can’t cross from Canada to US, Trump’s envoy says
THE US won’t allow Chinese electric cars from Canada to enter its market, President Donald Trump’s ambassador in Ottawa said, after a...
Stock to watch: OUE Limited
Therese Soh - [SINGAPORE] The following company saw new developments that may affect trading of their securities on Tuesday (Mar 31):
Japan February factory output falls 2.1% month-on-month
TOKYO, March 31 : Japan's factory output was down 2.1 per cent in February from the previous month, matching the median market forecast, government data showed on Tuesday.Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to rise 3.8 per cent ...
Core inflation in Tokyo stays below BOJ's target in March
TOKYO, March 31 : Core consumer prices in Tokyo rose 1.7 per cent in March from a year earlier, data showed on Tuesday, staying below the central bank's 2 per cent target for a second straight month as the effect of fuel subsidies offset rising costs from a weak yen.Analysts expect the slowdown ...
Australia investigates tech giants over social media ban compliance
SYDNEY, March 31 : The Australian internet regulator said it was investigating five of the biggest social media platforms for suspected breaches of its new under-16 ban, its strongest signal yet that companies may face enforcement action under a world-first regime.The announcement marks the governme ...
Florida to rename Palm Beach airport after Trump
FLORIDA Governor Ron DeSantis signed legislation on Monday to rename the Palm Beach International Airport after Donald Trump, the latest in a...
Asean airports, airlines face capacity test as Gulf conflict diverts passenger traffic
Shikhar Gupta - Changi and Suvarnabhumi absorb Europe-Asia passenger overflow, straining resources amid jet shortages
Iran’s real weapon is the world economy
Missiles, drones, mining threats and selective maritime disruption can be enough to make insurers, traders, shipowners and governments reprice risk
Price hikes, outlook cuts: What various airlines are doing as fuel costs surge
A SURGE in jet fuel prices driven by the US-Israeli war on Iran has upended the global aviation industry, forcing airlines to...
Unilever imposes global hiring freeze, citing Middle East war effects, memo says
The freeze comes on top of an existing cost-cutting programme it has had in place since 2024
Commentary: The oil market is moving into demand destruction mode
If the Iran war continues and oil reserves are drained, policymakers may have to use emergency tools to curb energy use, says Javier Blas for Bloomberg Opinion.
Brent eyes record monthly rise; US crude settles above US$100 as Houthis join Iran war
[NEW YORK] Oil prices closed higher on Monday, with Brent heading for a record monthly rise, while US crude futures settled above US$100 a...
European stocks edge higher; Middle East jitters temper relief
EUROPEAN shares kicked off the week on a stronger footing as utilities and media stocks climbed, but analysts warned that any reprieve could...
US stocks: Wall Street indexes end mostly lower as investors weigh Middle East conflict outlook
US STOCKS ended mostly lower on Monday as US President Donald Trump’s new warning to Teheran and a widening of the Middle East...
Trading Day: Growth fears snowball
Big Tech sports broadcast rights could imperil US local TV news, stations argue
March 30 : Major broadcast station owners said on Monday that U.S. regulators should address the trend of Big Tech companies acquiring the rights to broadcast football, baseball and other sporting events, saying it could weaken local TV news.Major broadcast companies filed comments with the Federal ...
Big Tech sports broadcast rights could imperil US local TV news, stations say
March 30 : Major broadcast station owners on Monday said U.S. regulators should address the trend of Big Tech companies acquiring the rights to broadcast football, baseball and other sporting events, saying it could weaken local TV news.Fox Corp said free TV viewers could eventually lose access to t ...
SpaceX's Starlink loses contact with satellite, says no threat to space missions
March 30 : SpaceX's Starlink said one of its satellites had an anomaly on-orbit on Sunday, leading to a loss of communications with the spacecraft at roughly 560 km (347.97 miles) above Earth, though the event does not pose a risk to key missions.The event comes just ahead of the potential Apri ...
European, African oil market gets tighter as Asia buys more
LONDON, March 30 : The European and African oil market is showing more signs of tightness with some crude differentials hitting record highs as peak summer demand nears and Asia seeks supplies to fill shortages caused by Iran's blocking of the Strait of Hormuz, now into its fifth week. The Iran ...
Italy data protection agency fines Intesa Sanpaolo $36 million over data breach
MILAN, March 30 : Italy's data protection authority said on Monday it had fined the country's biggest bank Intesa Sanpaolo 31.8 million euro ($36.41 million) over a data breach case that involved some 3,500 customers over two years.According to the agency's investigation, an Intesa em ...
Crypto fuels drone purchases in Russia and Iran, report says
March 30 : Groups linked to Russia and Iran are increasingly using cryptocurrency to finance the purchase of low-cost military drones and components, according to a new report from blockchain analytics firm Chainalysis.Commercially available drones have become central to conflict in Ukraine and the ...
Components maker Elmet discloses revenue rise in US IPO filing
March 30 : Precision-engineered components manufacturer Elmet Group revealed higher annual revenue in its paperwork for a U.S. initial public offering on Monday, as it looks to tap investor appetite for defense-linked businesses.The long-awaited U.S. IPO recovery has been tempered this year by a bro ...
Bangladesh seeks US waiver to import Russian diesel as energy crisis deepens
DHAKA, March 30 : Bangladesh has approached the U.S. seeking a temporary sanctions waiver to allow import of Russian diesel, officials said on Monday, as Middle East turmoil disrupts global energy markets and strains fuel supplies.Dhaka has requested a waiver similar to the one granted to India, pro ...
India approves over $750 million in projects for electronic component manufacturing
NEW DELHI, March 30 : India on Monday approved 29 proposals from various companies under its electronics component manufacturing program, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said.India has launched a series of incenti ...
Air Canada CEO Michael Rousseau to quit after furor about crash condolence video
Quebec’s National Assembly votes 92-0 to demand Rousseau’s resignation
Voyager, Icarus Robotics to test free-flying robot on space station
March 30 : Space-tech firm Voyager Technologies has secured a mission management contract with robotics startup Icarus Robotics to demonstrate a free-flying robotic system on the International Space Station (ISS), the companies said on Monday. NASA has been pushing for more private-sector activity i ...
Match Group settles US FTC claims it illegally shared OkCupid user data
March 30 : Match Group agreed to settle a U.S. Federal Trade Commission lawsuit claiming it gave an outside company unauthorized access to personal data belonging to millions of users of the OkCupid dating app.The FTC said OkCupid users were never told their information - including nearly 3 million ...
