4 hours ago
Why private credit is facing a sudden investor exodus
In recent weeks, funds have faced unprecedented requests for redemptions
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
WTO members bypass opposition to introduce world's first baseline digital trade rules
YAOUNDE: A group of World Trade Organization members agreed on Saturday (Mar 28) to sidestep adoption hurdles for the world's first baseline on digital trade rules, opting to bring the agreement into force among consenting participants, the WTO said.In recent years, efforts by a group of countr ...
16 hours ago
588-unit Pinery Residences sells 92.5% of units at over $2,500 psf average on launch day
Gerine Tang Yi Qian - Pinery Residences, a new integrated private residential development in Tampines West by joint developers Hoi Hup Realty and Sunway MCL, sold 544 units — or 92.5% of its total units — at its launch on March 28, at an average selling price of over $2,500 psf, according to Huttons Asia. City & ...
17 hours ago
Explainer-What is the World Trade Organization e-commerce moratorium?
YAOUNDE, March 28 : The e-commerce moratorium is a global agreement among World Trade Organization members which bans customs duties being applied to electronic transmissions such as digital downloads and streaming.The policy was first adopted in 1998 at the WTO's Second Ministerial Conference ...
19 hours ago
TeleChoice bidding for data centre project in Malaysia
The Edge Singapore - TeleChoice International, majority held by an indirect subsidiary of Temasek, is in the running for a data centre project in Malaysia. According to the company on March 27, together with "certain" consortium partners it did not name, has submitted a proposal to design and build data centre ...
20 hours ago
India's Bellatrix Aerospace nets $20 million in pre-Series B round
March 28 : Indian aerospace manufacturer Bellatrix Aerospace has raised $20 million in a pre-Series B funding round led by Cactus Partners, it said on Saturday, as it looks to scale up manufacturing and delivery of its propulsion systems.Bellatrix said the funds would be used to expand manufacturing ...
20 hours ago
Chao of Tickrs Financial downgrades Nanofilm Technologies to 'hold'; earnings recovery story intact
The Edge Singapore - Jaimes Chao of Tickrs Financial Singapore has downgraded his call for Nanofilm Technologies International from "buy" to "hold" along with a lower target price of 65 cents from 75 cents. In his March 26 note, Chao notes that the company, which provides coating services for consume ...
23 hours ago
Important for Singapore to engage China, Japan in shaping regional affairs: PM Wong
The two North-east Asian countries are important partners for Asean, says the prime minister
1 day ago
Bank of America, CGS International remain bullish on CLAR following $1.4 bil acquisition
The Edge Singapore - Analysts have stayed positive on CapitaLand Ascendas REIT after its $1.4 billion plan to acquire three assets, including a data centre in Japan, that is seen to be accretive to its distribution per unit. To help fund the acquisition, CLAR will be raising some $900 million from other investors and ex ...
1 day ago
Europe: Shares fall as mixed Middle East signals cloud outlook
The pan-European Stoxx 600 index drops 0.9% on the day
1 day ago
Oil prices gain as traders doubt prospects of ceasefire in Iran war
Brent crude futures up US$4.56 or 4.2% at US$112.57 a barrel
1 day ago
US: Stocks tumble, Dow confirms correction territory, as Middle East tensions drag
Nasdaq suffers fifth straight weekly decline
1 day ago
US judge orders Nexstar to hold Tegna separate pending review
WASHINGTON, March 27 : A U.S. judge late on Friday ordered Nexstar to temporarily keep Tegna's assets separate pending a review of whether the broadcast station owner's $3.54 billion acquisition of its rival Tegna violates federal antitrust laws.The companies quickly closed the deal after ...
1 day ago
UBS raises target price for Sats to $4.35 given resilient cargo network; upside from expanded food production volume
The Edge Singapore - UBS has kept its "buy" call for Sats, but with a raised target price for Sats from $3.85 to $4.35, with a view that its global air cargo network business will remain resilient amid uncertainties of economies and trade. "While near-term macro and geopolitical uncertainties persist, we ...
1 day ago
IMF, Pakistan reach staff-level agreement on $1.2 billion disbursement
March 27 : The International Monetary Fund and Pakistan has reached a staff-level agreement on the South Asian nation's loan program, a key step toward unlocking $1.2 billion in funding, the fund said on Friday.The agreement, which requires IMF board approval, would give Pakistan access to $1 b ...
1 day ago
Killing ‘zombie’ projects: Philippines bets big on offshore wind
The Department of Energy is planning to bid out up to 25 GW of capacities in the next decade
1 day ago
Meta's longtime content policy chief Bickert leaving to teach at Harvard
SAN FRANCISCO, March 27 : Meta's long-time content policy chief Monika Bickert, who oversaw the writing and enforcement of Facebook’s content policies and had a role in the company’s approach to user safety issues, is leaving the company for a job at Harvard Law School. Bickert will stay at ...
1 day ago
Investing takes intelligence, divesting takes wisdom
Tong Kooi Ong + Asia Analytica - Over the past few months, we have had readers who asked, “How do you decide when to exit investment in a stock or reduce exposure to the equity market?” It is a far trickier question to answer in any comprehensive manner, unlike why we bought shares of Company A or B or why we do not like Compan ...
1 day ago
The portfolio that refuses to stand still
Tong Kooi Ong + Asia Analytica - While only a short time has elapsed since our last AI portfolio update, much has happened across the tech landscape. Some developments have been expected, such as Big Tech’s rising capex spend, now projected to reach around US$650 billion this year. Other developments have been more ground-breakin ...
1 day ago
Dow confirms correction as traders worry about war
March 27 : The Dow Jones Industrial Average fell 1.7 per cent on Friday as investors worried about the global economic impact of the war in Iran, leaving the blue-chip index down 10 per cent from its record high close on February 10 and confirming it has been in a correction since then. In a broad W ...
1 day ago
BYD's annual profit drops for first time in four years as price war hurts margins
BYD's net profit fell 19 per cent to 32.6 billion yuan (US$4.72 billion), with chairman Wang Chuanfu saying competition has reached "fever pitch".
2 days ago
Apple hires ex-Google executive to head AI marketing amid push to improve Siri
SAN FRANCISCO, March 27 : Apple on Friday said it has hired Lilian Rincon, who previously spent nearly a decade at Google overseeing its shopping and assistant products, as the vice president of product marketing for artificial intelligence, reporting to its marketing chief Greg “Joz” Joswiak.Th ...
2 days ago
EU Commission web platform hit by cyber-attack on March 24
BRUSSELS, March 27 : The European Commission was targeted by a cyber attack on March 24 affecting its cloud infrastructure hosting the Europa web platform, with early findings suggesting data have been taken from those websites, the Commission said on Friday.The incident was contained swiftly, it sa ...
2 days ago
Oil prices to stay elevated across Iran war scenarios
March 27 : Oil prices could surge well beyond current levels as the Iran war unfolds, analysts polled by Reuters said, as the effective closure of the Strait of Hormuz and attacks on Middle Eastern production facilities cut deeply into global supplies, with no clear picture on when flows will resume ...
2 days ago
Japanese yen hits 160 per dollar, weakest since July 2024
NEW YORK, March 27 : The U.S. dollar strengthened against the yen on Friday, hitting 160 yen for the first time since July 2024, when Japanese officials last intervened to prop up the currency.The dollar was last up 0.22 per cent against the yen at 160. 15 per dollar, around levels traders see as a ...
2 days ago
Utility Entergy says revised Meta data-center deal to deliver higher customer savings
March 27 : Utility Entergy said Meta Platforms will pay its full cost of service for the planned hyperscale data center in northeast Louisiana under a revised agreement.Shares of the utility were up 4.8 per cent in early trading on Friday.The agreement is expected to deliver nearly $2 billion in cus ...
2 days ago
BYD posts first annual profit decline in four years
Profit falls 19% to 32.6 billion yuan, missing analyst view
2 days ago
Wall St opens lower as Iran strike delays offer limited calm
[NEW YORK] Wall Street’s main indexes opened lower on Friday (Mar 27) as the month-long Middle East conflict dragged on, weighing on...
2 days ago
Sony to hike PlayStation 5 prices again as memory chip costs surge
March 27 : Sony Group is raising global prices of its PlayStation 5 consoles, including a $100 increase in the U.S., marking its second hike in less than a year as the Japanese firm grapples with rising costs of key components such as memory chips. The tech industry's race to build out artifici ...
2 days ago
Markets in Q1: Everything everywhere all at once
LONDON, March 27 : The first quarter of the year comes to an end next week after an extraordinary few months where the world's financial markets have been tossed around at the mercy of geopolitics, with the Iran war wiping $7 trillion off global stocks.Oil prices have seen their second-biggest ...
2 days ago
Oiltek breaks out indicating new target as STI's consolidation continues
Goola Warden - Oiltek International, a small-cap that listed on Catalist at 23 cents in March 2022, surged to an all time high of $1.18 on March 27. On March 25, Koh Brothers Group, which owns around 68% of Oiltek, announced it had received a requisition from shareholders to “procure Koh Brothers Eco Engineering ...
2 days ago
NYSE-parent Intercontinental Exchange invests $600 million in Polymarket
March 27 : Intercontinental Exchange said on Friday it had invested $600 million in prediction markets platform Polymarket, as the New York Stock Exchange parent expands into the fast-growing event-based trading segment.The funding is part of the exchange operator's previously announced plan to ...
2 days ago
Fullerton Fund Management, 65 Equity Partners to manage second Anchor Fund tranche
Chloe Lim - This follows the first launch of S$1.5 billion in 2022 to attract high-quality listings to Singapore
2 days ago
SoftBank secures US$40 billion loan to boost OpenAI investments
The loan underscores founder Masayoshi Son’s increasingly aggressive bet on AI