1 hour ago
Air travel faces disruptions over A320 software switch
Airbus has sold 12,257 of the aircraft by the end of September, compared with the sale of 12,254 Boeing 737s
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
Japan's ANA cancels 65 flights on Saturday after Airbus A320 recall
TOKYO :ANA Holdings, Japan's biggest airline, says it cancelled 65 flights on Saturday after the Airbus A320 recall forced it to ground some aircraft.The carrier, along with affiliates such as Peach Aviation, is the biggest operator in Japan of single-aisle Airbus aircraft, including the A320.
2 hours ago
Temasek eyes stake in Quest Global at US$4.6 billion pre-IPO price
The engineering services firm is preparing for an IPO in India, joining a wave of companies tapping the country’s buoyant capital markets
3 hours ago
Airbus issues major A320 recall after flight-control incident
[PARIS] Europe’s Airbus said on Friday (Nov 28) that it was ordering immediate repairs to 6,000 of its widely used A320 family...
3 hours ago
US Black Friday online sales hit $8.6 billion, says Adobe Analytics
U.S. shoppers spent $8.6 billion online on Black Friday, an Adobe Analytics report showed, as more consumers turned to laptops and phones instead of braving brisk weather to snap up deals during the holiday shopping weekend.Online spending rose 9.4 per cent through 6:30 p.m. ET (1130 GMT) on Black F ...
4 hours ago
India’s Adani seeks up to US$5 billion investment in Google data centre to join AI boom
Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity
4 hours ago
ECB’s Lagarde says interest rates are at correct level
Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December
5 hours ago
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five...
5 hours ago
S&P 500 extends rally after CME glitch, reversing monthly slide
Markets are continuing to bet that the central bank will cut its benchmark next month
5 hours ago
European shares clock monthly gains on Fed rate cut hopes
Next week, investors expect some focus on Russia-Ukraine peace talks
8 hours ago
CoinShares pulls plug on select crypto ETFs ahead of US listing
CoinShares filed on Friday to withdraw its plan to launch three exchange-traded funds, as the European cryptocurrency firm plans to focus on higher-margin opportunities ahead of its U.S. listing.CoinShares has filed with the Securities and Exchange Commission to withdraw its registration statements ...
9 hours ago
Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, sources say
9 hours ago
India's Adani seeks up to $5 billion investment in Google data center to join AI boom
India's Adani Group plans to invest up to $5 billion in Alphabet-owned Google's India AI data centre project, an executive said on Friday, as it seeks to cash in on booming demand for data capacity in the world's most populous nation.In October, Google said it would invest $15 billion ...
10 hours ago
OCBC files bid to wind up consumer electronics trader TT International
Jessie Lim - The company owes lender at least S$21.7 million
12 hours ago
Noodle maker Leong Guan Holdings to offer 20.65 million shares at S$0.23 each in Catalist listing
Jessie Lim - The group intends to distribute a minimum of 80% of FY2025 net profit as dividends
12 hours ago
Wall St opens higher, futures resume trade after outage
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Nov 28) with futures trading springing back to life from an hours-long...
13 hours ago
STI could see 5,000 this year; but can DBS be at $70 by end-2026?
Goola Warden - The Straits Times Index (STI) closed at 4,523 on Nov 28, up 54 points week-on-week. The index remains above its rising 50-day moving average at 4,425. During the easier phase both the 50-day moving average and a support area around 4,400 were able to stop the decline. Since ADX has eased towards the ...
13 hours ago
Managing director of Low Keng Huat offers to take company private at 72 cents per share
Nicole Lim - The managing director of the company Low Keng Huat, Marco Low Peng Kiat, is making a voluntary conditional general offer for all the shares in the company at 72 cents per share. Low is offering to take his company private through a special purpose vehicle incorporated in Singapore in July, known as ...
14 hours ago
Wilmar’s China subsidiary lodges appeal over contract fraud case
Jessie Lim - [SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud...
14 hours ago
CIMB Q3 profit up 2.3% at RM2.08 billion
Jessie Lim - The bank announces a special dividend of RM0.07 per share
14 hours ago
US dollar set for worst week since July as Fed rate cut looms
NEW YORK :The U.S. dollar was heading for its worst weekly performance since late July on Friday as traders increased bets that the Federal Reserve will cut rates again next month. An overnight outage due to a cooling issue at CME Group's CyrusOne data centres, meanwhile, halted trade on its wi ...
14 hours ago
Dollar set for worst week since July as traders maintain bets on December rate cut
LONDON :The U.S. dollar was heading for its worst weekly performance since late July on Friday as investors increasingly count on further monetary easing in December by the Federal Reserve, while Thursday's U.S. holiday thinned liquidity. An outage due to a cooling issue at CME Group's Cyr ...
14 hours ago
Explainer-Keeping cool: heat a key challenge for data centers and AI
STOCKHOLM/LONDON :The global boom in data centers as companies increasingly outsource information storage and ramp up use of energy-intensive artificial intelligence is creating a key challenge for the industry - how to keep cool.An outage at the world's biggest exchange operator CME Group from ...
14 hours ago
Autobahn, Shariot group seek moratorium amid S$180 million debt; DBS, OCBC, UOB, car dealers among major creditors
Derryn Wong - Teck Wei Credit is owed S$70 million and DBS, S$54.2 million; hearing set for Dec 2
14 hours ago
Autobahn, Shariot group seek moratorium amid S$180 million debt; DBS, UOB, OCBC, car dealers among major creditors
Derryn Wong - Teck Wei Credit is owed S$70 million and DBS, around S$54 million; hearing set for Dec 2
14 hours ago
Autobahn, Shariot group seek moratorium amid S$304 million debt; DBS, OCBC, UOB, car dealers among major creditors
Derryn Wong - DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2
14 hours ago
DBS, OCBC, UOB among those owed S$304 million by Autobahn, Shariot group; white knight in talks
Derryn Wong - DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2
15 hours ago
Investors snap nine-week buying streak in global equity funds
Global equity funds saw their first weekly outflow in 10 weeks in the week to November 26, as concerns about stretched valuations, particularly in the tech sector, outweighed optimism around expected U.S. interest rate cuts next month.According to LSEG Lipper data, investors withdrew a net $4.48 bil ...
15 hours ago
Fair value losses drag LHN H2 net profit down 82.7% to S$5.9 million
Navene Elangovan - The board has proposed a special dividend of S$0.02 for FY2025
15 hours ago
‘Lost their life savings’: Tokenize Xchange users sue founder and wife for over S$60 million in lost crypto assets
Deon Loke - The firm owes its customers about S$266.3 million but has only S$2.6 million in realisable assets, interim judicial manager report reveals
16 hours ago
Singapore Fintech Festival’s 10th edition drew over 70,000 participants from over 142 countries
Nicole Lim - The 10th edition of the Singapore Fintech Festival has concluded, with more than 70,000 participants from 142 countries and regions, the largest global attendance to date. The theme for this edition, Technology Blueprint for the Next Decade of Finance, spotlighted artificial intelligence, tokenisati ...
16 hours ago
Nexperia's Chinese parent says company's Dutch unit seeking to permanently strip its control
BEIJING :Wingtech, the Chinese parent company of Netherlands-based Nexperia, said on Friday that the Dutch unit was conspiring to create a non-Chinese supply chain and permanently strip it of its control.Wingtech was responding to an open letter published by Nexperia's Dutch unit on Thursday in ...
16 hours ago
Scientists solve the mystery of the prehistoric 'Burtele Foot'
WASHINGTON :Scientists have solved the mystery of 3.4 million-year-old fossils called the "Burtele Foot" discovered in Ethiopia in 2009, finding they belonged to an enigmatic human ancestor that lived alongside another closely related species during a poorly understood time in human evolut ...
16 hours ago
Property measures on the horizon?
The Edge Singapore - A CLSA report suggests that property measures could be implemented if residential property prices continue to rise. Residential property prices rose 2.7% year-to-date for the nine months to end-Sept. Sales volume appears to be on track for 10,000 to 11,000 units for this year. New supply isn’t exc ...