33 minutes ago
Can tapping oil reserves tame the Iran war price shock?
China has in recent years built up what appears to be an even larger reserve capacity
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
39 minutes ago
ComfortDelGro to build new driving centre in Choa Chu Kang, invest S$200 million in driving education
Deon Loke - It is slated to replace the Bukit Batok Driving Centre by 2030
56 minutes ago
Oil risk highest for Philippine bonds in Asia, China insulated
Prices are still up more than 20% this month
1 hour ago
DBS maintains 'buy' on Yangzijiang after plans to take 10% stake in 'landlord of the ocean'
The Edge Singapore - DBS Group Research has maintained its "buy" call and $4.55 target price for Yangzijiang Shipbuilding after news that it plans to acquire a 10% stake in one of its long-time customers, which accounts for around 10 to 15% of its order book. Under terms of a deal announced on March 10, Yangzi ...
1 hour ago
South Korea market crashes are luring traders hooked on leveraged ETFs
South Korean retail investors are among the biggest drivers of trading in US-listed leveraged funds globally
2 hours ago
Australian dollar hits multi-year highs as bulls scent rate rise
Markets now expect an interest rate hike
2 hours ago
SoftBank's PayPay plans to price US IPO around low end of range, sources say
TOKYO/NEW YORK, March 11 : The initial public offering of SoftBank's PayPay is likely to price around the low end of its marketing range as war in the Middle East roil markets, two people familiar with the matter said.The IPO book was covered more than five times, one of the people said. It has ...
2 hours ago
SoftBank's PayPay plans to price IPO around low end of range, sources say
TOKYO/NEW YORK, March 11 : The initial public offering (IPO) of SoftBank's PayPay is likely to price around the low end of the marketing range as tensions in the Middle-East roil markets, according to two sources familiar with the matter.The book for the Japanese payment app operator's IPO ...
2 hours ago
Chinese oil buyers pay premium for Canadian crude amid Iran war
The war is likely to shift perceptions of Middle Eastern countries as stable sources of oil
2 hours ago
Oil prices fall as WSJ says IEA proposes largest oil stock release ever
TOKYO, March 11 : Oil prices dropped on Wednesday after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared amid the U.S.-Israel war with Iran.Brent futures were trading down 23 c ...
2 hours ago
Stocks to watch: Jardine Matheson, Yangzijiang Shipbuilding, Sembcorp, Mapletree Logistics Trust, Nio
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 11):
2 hours ago
Key considerations hanging over the approval of Simba-M1’s merger
Sector regulator Infocomm Media Development Authority has yet to announce its decision
2 hours ago
Japan's wholesale inflation cools, but oil shock from Iran war threatens rebound
TOKYO, March 11 : Japan's wholesale inflation cooled for a third month in February as government fuel subsidies blunted rising commodity costs, but analysts warn the respite may be brief, with the oil spike from the Middle East conflict poised to reignite price pressures.The data highlight the ...
2 hours ago
Japan's wholesale inflation slows but weak yen lifts import costs
TOKYO, March 11 : Japan's annual wholesale prices rose 2.0 per cent in February, data showed on Wednesday, slowing for the third straight month in a sign of easing cost pressure for companies.But the yen-based import price index rose 2.8 per cent in February from a year earlier, accelerating fr ...
2 hours ago
Wildlife to replace humans on next series of UK banknotes
Household pets will not be included
2 hours ago
BlueSG team recruits users to test new car-sharing service ahead of launch later in 2026
Shortlisted users will get to try out the revamped service and provide feedback
3 hours ago
Oil prices choppy as WSJ reports IEA eyes biggest oil release ever
Analysts expect prices to remain highly volatile
3 hours ago
US oil prices up nearly US$3 as Middle East crisis constrains supply
Reflecting higher demand, US crude, petrol and distillate stocks fell last week
3 hours ago
US oil prices up nearly $3 as Middle East crisis constrains supply
TOKYO, March 11 : U.S. West Texas Intermediate crude oil prices rose by $2.90 per barrel, or 3.5 per cent, to $86.33 in early trade on Wednesday as supplies from the Gulf remain constrained amid the U.S. and Israeli war on Iran.Brent futures start trading at 0100 GMT. WTI rebounded after both contra ...
4 hours ago
Meta to acquire Moltbook, viral social network for AI agents
Since debuting in late January, the startup has alternately captivated and unnerved industry watchers
4 hours ago
Amazon targeting US$37 billion in bond sale amid AI push
Investor appetite for high-grade corporate debt has been strong
4 hours ago
ChatGPT, other AI chatbots approved for official use in US Senate, NYT reports
March 10 : ChatGPT and two other artificial intelligence chatbots have been approved for official use in the U.S. Senate, the New York Times reported on Tuesday, citing a memo.Aides could use Google's Gemini chat, OpenAI's ChatGPT or Microsoft Copilot, all of which are already integrated i ...
4 hours ago
British Airways, Lufthansa add Asia flights amid high demand
Europe’s smaller airlines are also taking note
4 hours ago
Oracle posts strong cloud sales growth following AI bookings
The company is working to deliver on massive cloud infrastructure contracts with customers
4 hours ago
Microsoft backs Anthropic in amicus brief to halt US DOD's 'supply-chain risk' designation
March 10 : Microsoft filed on Tuesday a brief in support of Anthropic's lawsuit asking the court to temporarily block the U.S. Department of Defense's designation of the AI startup as a supply-chain risk.In an amicus brief filing in a federal court in San Francisco, Microsoft backed Anthro ...
5 hours ago
Oil dives, settles down 11% after Trump predicts Middle East de-escalation
[NEW YORK] Oil prices plunged by more than 11 per cent on Tuesday, the steepest percentage drop of any session since 2022, a day...
5 hours ago
Sembcorp, Keppel could face challenges in wake of Iran attack
Kenneth Lim - Heightened short-term uncertainties could be a time to stick with higher-confidence long-term structural trends
5 hours ago
Commentary: What TikTok and Huawei can teach Anthropic
Anthropic has been labelled a supply chain risk by Washington but that's not exactly a death knell, says Catherine Thorbecke for Bloomberg Opinion.
5 hours ago
European stocks mark biggest daily jump in months on Gulf de-escalation hopes
EUROPEAN shares marked their biggest one-day jump since April last year on Tuesday as global markets bet that US President Donald Trump...
5 hours ago
US stocks: Wall Street closes mixed on ramped-up Middle East tensions
[NEW YORK] US stocks lost steam on Tuesday, with the S&P 500 giving up early gains to skid into negative territory as investors weighed...
5 hours ago
Canadian retailer Loblaw investigates data breach
March 10 : Canadian retailer Loblaw said on Tuesday it was investigating a data breach after identifying suspicious activity on a contained, non-critical part of its IT network.The retailer said a criminal third party accessed some basic customer information such as names, phone numbers and email ad ...
6 hours ago
Oracle sees AI boom through at least 2027, sending shares up 8%
March 10 : Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8 per cent in extended trading. The results help to allay investor concerns that Oracle's costly multi-billion dollar push into AI computi ...
6 hours ago
Oracle beats quarterly revenue estimates on AI-driven demand, shares rise
March 10 : Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8 per cent in extended trading. The results help to allay investor concerns that Oracle's costly multi-billion dollar push into AI computi ...
6 hours ago
Applied Materials forges partnerships with Micron and SK Hynix for AI memory chips
March 10 : Applied Materials said on Tuesday it has partnered with memory chip companies Micron Technology and SK Hynix to develop next-generation chips that are crucial for artificial intelligence and high-performance computing.Micron and SK Hynix will serve as founding partners at Applied Material ...