Britain's Lloyds apologises after customers able to see others' transactions
LONDON, March 12 : Lloyds Banking Group said on Thursday it was investigating the causes of a glitch that allowed customers to see each other's transactions online, the latest in a series of technical problems for UK banks embracing digital services."We’re sorry that some customers exper ...
Singapore banks could see biggest losses on Indonesia loans among regional peers due to climate risks
Janice Lim - [SINGAPORE] Among domestic and foreign lenders, Singapore banks could book the highest estimated loss intensity from climate transition risks on their loan...
Dollar nears 2026 highs as volatile oil fans inflation spike fears
(Refiles to drop erroneous h from analyst's name in paragraph 5)By Amanda CooperLONDON, March 12 : The dollar gained for a third consecutive day on Thursday, staying close to its strongest levels this year as surging energy prices stoked inflation worries, which could potentially force central ...
Beijing rejects Sinopec’s request to tap commercial reserve: sources
Sinopec relies on the Middle East for nearly 60% of its total crude oil imports
Asean ministers to hold meetings to address Middle East crisis
Several member countries have already taken concrete steps to cope with the impact of the crisis
Hoi Hup, Sunway MCL launch 588-unit Pinery Residences at prices starting from S$2,340 psf
Chong Xin Wei - Marketing for the Tampines mixed-use project comes on the heels of Rivelle EC’s preview last week
Shell board proposes raising CEO Wael Sawan’s pay package to £13.8 million
Shareholder distributions over a three-year remuneration cycle underpin Sawan’s level of pay
Will GIC and Temasek’s investments in blacklisted AI firm Anthropic backfire?
Jude Chan - Not necessarily; corporate governance – not unconstrained profit – could be the new alpha generator
Deutsche Bank raises bonus pool by 6.6% after mixed performance
The total year-end bonuses go up to 2.7 billion euros for 2025, from 2.5 billion euros the year before
South Korea to cap fuel price starting Friday to ease consumer burden
SEOUL, March 12 : South Korea said on Thursday that it will cap domestic fuel prices starting on Friday to combat a spike in energy costs stemming from the conflict in the Middle East. The move comes as South Korea is scrambling to cushion the impact of the Middle East energy crisis on Asia' ...
South Korea to impose fuel price cap starting Friday, media reports say
SEOUL, March 12 : South Korea will cap domestic fuel prices starting on Friday to combat a spike in energy costs stemming from the conflict in the Middle East, media reports said. South Korea will also restrict the stockpiling of petroleum products, requiring refiners to release at least 90 per c ...
Chipmaking tool provider KLA unveils additional $7 billion share buyback and dividend increase
March 12 : Chipmaking tool provider KLA Corp on Thursday announced a new $7 billion stock buyback program and a 21 per cent increase in its quarterly dividend, while reaffirming its forecast for the current quarter.This buyback, with no specified timeframe, is in addition to the company's exist ...
Bumble shares rally on earnings beat, optimism around AI‑led app revamp
March 12 - Bumble shares surged 25 per cent in premarket trading on Thursday, as stronger‑than‑expected fourth‑quarter results and an AI‑focused overhaul of its dating app aimed at winning back younger users reignited investor optimism. CEO Whitney Wolfe Herd's push for AI‑driven prod ...
Bridge Data Centres to invest up to S$5 billion in Singapore AI push
Shikhar Gupta - The Bain Capital-backed firm is aiming for 2 gigawatts of regional capacity by 2030
Indian rice exports slow as Middle East war pushes up freight and insurance costs
MUMBAI, March 12 : Rice exports from India are slowing as the U.S.-Israeli war on Iran pushes up freight and insurance costs, making it harder for exporters to secure vessels, five exporters told Reuters.India, which accounts for more than 40 per cent of world rice exports, usually ships more than t ...
US insurers and hospitals turn to new AI for age-old battle over charges vs payments
March 12 : Artificial intelligence is being deployed on both sides of the tug-of-war between U.S. healthcare systems that want to be paid more for medical procedures and insurers who want proof the services were necessary, and experts are having a hard time predicting a winner.Centene, an insurer fo ...
Software companies fight back against fears that AI will kill them
March 12 : Oracle's Mike Sicilia is the latest software CEO to wade in to the debate on whether artificial intelligence tools that heavily automate human tasks will mean the demise of his industry. His verdict was a resounding "no." "You've all heard ... that new companies c ...
Google names London office 'Platform 37' in a nod to railway neighbour, AI 'Go' match
LONDON, March 12 : Google has named its new London headquarters "Platform 37" in a nod to its neighbour, King's Cross railway station, and "Move 37" - a pivotal play made by DeepMind's AI system AlphaGo in a legendary match of the ancient boardgame Go against world cham ...
BMW expects 2026 earnings to decline as tariffs bite
Profit before tax is forecast to fall between 5 and 9.9%
Blue chips close lower in Singapore; STI slides 0.2%
Tay Peck Gek - Across the broader market, decliners beat gainers 302 to 262, as 1.5 billion securities worth S$2 billion change hands
GLP seeks US$20 billion valuation in planned Hong Kong IPO: sources
Deal would mark GLP’s return to public markets
Bank Indonesia to hold key rate at 4.75% on March 17 as Middle East war weighs on rupiah - Reuters poll
BENGALURU, March 12 : Bank Indonesia (BI) will keep interest rates steady for a sixth consecutive meeting on Tuesday, according to a majority of economists in a Reuters poll, as renewed pressure on the rupiah from the Middle East war limits the central bank's room to ease policy.While BI has pr ...
Hongkong Land appoints four portfolio Chief Executives to accelerate Strategic Vision 2035
The Edge Singapore - On March 12, Hongkong Land announced the appointment of four Portfolio Chief Executives and the establishment of a revised Management Committee. These changes took effect March 1 and are part a new portfolio-led operating model designed to drive growth across the group’s core markets. The updated ...
Honda flags operating loss of as much as US$3.6 billion this fiscal year
The loss is due to mounting costs related to its electric vehicle strategy
Goldman Sachs delays Fed rate-cut call as Middle East war lifts inflation risks
It now expects quarter-point reductions in September and December
Vietnam’s aircraft orders are soaring. Now it wants the financing at home
Jamille Tran - Airlines are looking beyond the Middle East challenges as they aim to position the country as a regional aviation hub
JPMorganChase Corporate Challenge returns to Singapore on Apr 16
The Edge Singapore - In April, the JPMorganChase Corporate Challenge celebrates its 24th year in Singapore, where an expected 13,000 runners, joggers and walkers are expected to gather at the F1 Pit Building. The event takes place on April 16, a weekday evening so that office workers can join in. The 5.6 km distance is ...
Mobility, delivery firms take different tacks in helping riders, drivers tackle fuel spikes in South-east Asia
Benjamin Cher - Petrol prices have spiked since the start of the Iran conflict
Mobility and delivery firms differ in defraying fuel costs for riders and drivers in South-east Asia
Benjamin Cher - Petrol prices have spiked since the start of the Iran conflict
Seatrium establishes house union to represent more than 5,000 workers
Chloe Lim - This move provides a ‘unified platform’ to support and represent the company’s workforce
Asia Pacific’s US$800 bil data centre boom needs ‘power-first’ planning to avoid grid strain: Deloitte
Gerine Tang Yi Qian - Asia Pacific is poised to become the world’s next major hub for data centre development, with about US$800 billion ($1.02 trillion) expected to be invested in the sector across the region by 2030. While the rapid growth brings significant economic opportunity, Deloitte’s 75-page Powering Asia Pa ...
Asia Pacific’s USD$800 bil data centre boom needs ‘power-first’ planning to avoid grid strain: Deloitte
Gerine Tang Yi Qian - Asia Pacific is poised to become the world’s next major hub for data centre development, with about USD$800 billion expected to be invested in the sector across the region by 2030. While the rapid growth brings significant economic opportunity, Deloitte’s 75-page Powering Asia Pacific’s data c ...
Honda expects FY2025/26 loss of up to $4.3 billion from review of EV strategy
TOKYO, March 12 : Honda Motor revised down its earnings forecast to a loss of 420 billion yen to 690 billion yen ($2.6 billion to $4.3 billion) in the financial year ending this month due to reassessment of its electrification strategy, it said on Thursday.The Japanese carmaker cancelled development ...
China orders immediate ban on March fuel exports: sources
The Asian nation is the world’s biggest oil importer and a major fuel exporter
