20 minutes ago
Bitcoin drops to a 7-month low while global stocks sell off; bonds rally
[LONDON] Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 minutes ago
Barry Callebaut to use NotCo AI to develop chocolate recipes
Switzerland's Barry Callebaut said on Tuesday it would partner with Chilean start-up NotCo AI to utilise artificial intelligence in recipe development, as it battles high cocoa prices and weakening demand for its cocoa products.WHY IT'S IMPORTANTChocolate makers are looking for new ways to ...
23 minutes ago
Want a slice of ASX-listed Domino’s Pizza Enterprises? CGSI JV partner Petra Capital stays ‘buy’ on franchisee
Jovi Ho - Australia-listed Domino’s Pizza Enterprises, the largest Domino’s Pizza franchisee outside the US, is delivering on its group-wide cost efficiency programme to identify A$100 million ($84.42 million) in annualised cost savings. The master franchise owner of Domino’s Pizza in 12 markets includi ...
30 minutes ago
Jakarta’s golden share in Grab-GoTo deal signals state tightening oversight of critical tech assets
Elisa Valenta - Media reports say state fund Danantara may take a golden share in the combined entity
2 hours ago
Databricks seeks US$130 bil valuation, The Information reports
Edwin Chan / Bloomberg - Databricks Inc is in talks to raise funds at a valuation north of US$130 billion ($169.42 billion), The Information reported, underscoring persistent interest in the providers of artificial intelligence (AI) tools despite growing warnings of an industry bubble. The US start-up aims to put the new ca ...
2 hours ago
Grab, XSGD issuer StraitsX to develop digital asset wallets to accept stablecoin payments
Shikhar Gupta - This will enable GrabPay merchants to begin accepting stablecoin payments from domestic, global consumers
2 hours ago
Honda to resume regular output at N. America plants after chip supply disruptions
TOKYO :Honda Motor said it will begin gradually resuming normal operations at its North American vehicle assembly plants from Monday, a sign that production disruptions from a shortage of Nexperia chips are easing.Japan's second-biggest automaker halted output at its Mexico plant on October 28 ...
2 hours ago
Upper Serangoon Shopping Centre back on the market at unchanged S$260 million price
Ry-Anne Lim - This translates to a land rate of S$1,471 psf
2 hours ago
Analysts trims target prices for Frencken following 3QFY2025 business update
Teo Zheng Long - Numerous analysts continue to be bullish on Frencken and are maintaining their respective “buy” call following the recent business update for 3QFY2025 ended Sept 30, despite some softer guidance from the company. Frencken’s 3QFY2025 revenue rose 6.5% y-o-y to $211.5 million while net profit gr ...
2 hours ago
KKR targets December close for second Asia private credit fund
Despite the growth potential, the asset class continues to face competition from traditional lenders in the region
3 hours ago
Apple’s iPhone sales surge in China to take 25% market share
Huawei remains the company’s most formidable rival in the country
3 hours ago
Indian edtech firm PhysicsWallah jumps 49% in trading debut, valued at $5.2 billion
Shares of Indian edtech firm PhysicsWallah soared as much as 48.6 per cent in their trading debut on Tuesday, notching a $5.2 billion valuation and signaling renewed interest in a sector that has been under financial strain. It is the first edtech firm to go public after the sector saw Byju's ...
3 hours ago
Indian edtech firm PhysicsWallah soars 45% in trading debut, notches $5 billion valuation
Shares of PhysicsWallah rose 45 per cent in their trading debut on Tuesday, valuing the Indian edtech firm at $5.1 billion, as prospects for continued growth fueled investor appetite. The stock opened at 145 rupees on the National Stock Exchange of India, 33 per cent higher than the issue price of 1 ...
3 hours ago
Indian edtech firm PhysicsWallah makes trading debut at 33% premium after $393 million IPO
Shares of Indian edtech firm PhysicsWallah soared 33 per cent premarket in its trading debut on Tuesday, as prospects for continued business growth fueled investor appetite after its $393 million IPO.The stock listed at 145 rupees on the National Stock Exchange of India, compared with its issue pric ...
3 hours ago
Asia: Markets track Wall Street down with Nvidia, US jobs in view
Asian stocks sank on Tuesday, tracking more losses on Wall Street as investors grow increasingly worried about frothy tech valuations, with focus...
4 hours ago
Hong Kong's New World Development to reduce $1.3 billion of its debt after early bond swap
HONG KONG :Embattled New World Development said on Tuesday it expected $1.3 billion of its debt, majority of it being perpetual bonds, to be cut after setting an early deadline for its dollar bond exchange offer. The firm, a major property developer in Hong Kong and the most indebted in the financia ...
4 hours ago
GlobalFoundries acquires Singapore chip maker Advanced Micro Foundry in AI data centre network push
With the acquisition of Advanced Micro Foundry, GlobalFoundries said it believes it would be the world's largest silicon photonics maker.
4 hours ago
Australia's TechnologyOne shares fall most in two decades on profit miss
Australia's TechnologyOne reported annual profit below analyst expectations on Tuesday as its shift to a software-as-a-service delivery model weighed on near-term margins, sending its shares to their worst session in more than two decades.The enterprise software services provider's stock s ...
4 hours ago
BOJ chief to hold first bilateral meeting with PM Takaichi
[TOKYO] Bank of Japan Governor Kazuo Ueda will hold his first bilateral meeting with new Prime Minister Sanae Takaichi on Tuesday, a...
5 hours ago
Rare earth yttrium surges to record as rally approaches 1,500%
It’s uses include medical technologies, as well as aerospace equipment, ceramics, lasers and superconductors
5 hours ago
Crypto giants moved billions in illegal funds despite crackdown
Regulators and law enforcement have tried to push crypto exchanges to implement anti-money laundering safeguards
5 hours ago
Is Perrier ‘natural’ mineral water? French court to decide
New filtration system is part of a broader dossier awaiting approval from local authorities
5 hours ago
Databricks in talks to raise capital at above $130 billion valuation, The Information reports
Data analytics firm Databricks is in talks to raise funds at a valuation of more than $130 billion, about 30 per cent higher than its last financing round two months ago, The Information reported on Monday, citing two people familiar with the discussion.The company declined to comment on the report. ...
5 hours ago
Stocks slip as markets eye US data barrage, Japan PM's meet with BOJ chief
SYDNEY :Asian stocks slid in early trade on Tuesday, as financial markets waited on a rush of key U.S economic data delayed by the government shutdown while investors rolled back bets of a Federal Reserve rate cut next month.Traders are looking to the U.S. data to provide clues on the health of the ...
6 hours ago
On tiny Christmas Island, Google spurs renewable energy push for Indian Ocean data hub
SYDNEY :Australia's remote Indian Ocean outpost of Christmas Island has enough power to support a new Google data centre without depriving locals, but its arrival could spur a push to renewable energy, the island's biggest employer and the tech giant said.Alphabet's Google announced o ...
6 hours ago
Gold extends falls on firm US dollar, easing Fed rate-cut bets
Traders are currently pricing in a 43% probability of a quarter-point Fed rate cut next month, down from 50% in last week
6 hours ago
Yangzijiang Maritime hits S$0.71 in active trading debut; ahead of issue price of S$0.60
Chloe Lim - [SINGAPORE] Shares of Yangzijiang (YZJ) Maritime on Tuesday (Nov 18) morning reached S$0.71 with its debut on the mainboard of the Singapore...
6 hours ago
Oil slips as loadings resume at Russian hub; markets weigh sanctions impact
Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders continued to assess the impact of Western sanctions on Russian flows.Brent crude futures were down 28 cents, or 0.4 per ...
6 hours ago
‘Baby Shark’ creator Pinkfong shares surge up to 62% on debut
The debut also comes as South Korean entertainment grows in popularity worldwide, thanks to K-pop bands such as BlackPink and BTS
6 hours ago
GlobalFoundries acquires Singapore semiconductor firm in push to expand AI portfolio
Lionel Lim - Advanced Micro Foundry specialises in silicon photonics, a technology that allows for faster and more efficient data transmission
6 hours ago
Coliwoo to launch 6-storey co-living space at Middle Road in Q1
Therese Soh - It will offer lifestyle amenities, wellness features and social spaces
6 hours ago
Looking for yield? These are the 10 top dividend-paying ETFs on the SGX
Deon Loke - The Lion-OCBC Securities SG Low Carbon Index ETF posted the highest indicated dividend yield
7 hours ago
Malaysia-based restaurant software platform FeedMe raises US$5 million
Russell Marino Soh - The funding will be used to accelerate its expansion into the Thai market
7 hours ago
Hong Kong property concerns deepen among bankers and regulators
HONG Kong bankers and regulators are signalling growing concern over the city’s deepest real estate downturn since the Asian financial crisis.