Dollar toppled as oil shock turns central banks hawkish
HONG KONG, March 20 : The dollar slid from multi-month highs this week as soaring energy prices upended the outlook for global interest rates, with the U.S. Federal Reserve left alone as the only major central bank that is not expected to hike rates this year.Before the U.S.-Israeli war on Iran bega ...
Netflix sees more prospects for live events in South Korea
SEOUL, March 20 : Netflix sees more opportunities for live events in South Korea, the company's vice president of nonfiction series and sports said on Friday, as the U.S. streaming platform prepares to livestream a highly anticipated BTS comeback concert in Seoul.At a press conference in Seoul, ...
Newly created roles formed nearly half of the job vacancies in 2025: MOM report
Among PMET vacancies in 2025, about 21.1 per cent required no work experience and were suitable for fresh graduates.
Marriott’s Apec ambitions
Jovi Ho - With more than 730 open properties across the region, the hospitality giant sees Vietnam as a bright spot, alongside India, Indonesia, Malaysia and Thailand Nasdaq-listed hospitality giant Marriott International announced in November 2015 a major acquisition: It would merge with New York Stock Excha ...
Oil falls as US and allies look to boost supply, unchoke Strait of Hormuz
PERTH, March 20 : Oil prices fell on Friday as leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz and the U.S. outlined moves to boost oil supply.Looking to curb soaring oil prices, U.S. Treasury Secretary Scott Bessent said the U ...
Hong Kong listings rush gathers pace with five companies seeking $678 million
March 20 : Hong Kong's new listings pipeline extended its streak, with five offerings seeking up to HK$5.31 billion ($677.91 million) in total launched on Friday, according to exchange filings.The flurry of launches, despite a darkening global economic picture due to the war in the Middle East, ...
Alibaba targets US$100 billion of cloud, AI revenue in five years as results disappoint
Net income plummeted, hurt in part by heavy spending on promotions to fend off rivals
Having found replacement tenant for Linton Hall, Digital Core REIT switches to ‘growth mode’
The Edge Singapore - Jonathan Koh of UOB Kay Hian has slightly raised his target price for Digital Core REIT to 93 US cents ($1.19) from 92 US cents, after he deems the data centre REIT, with well-rounded support from its sponsor, has switched to a “growth mode”. As described by Koh in his March 16 note, in which he ...
Yau of DBS sees multiple benefits for Hongkong Land from $541 mil stake in Suntec REIT
The Edge Singapore - Jeff Yau of DBS Group Research has maintained his "buy" call and US$10.17 target price on Hongkong Land Holdings after it paid $541 million, or $1.70 per share, for a 10.8% stake in Suntec REIT. The two entities are no strangers. Suntec REIT co-owns the Marina Bay Financial Centre (Towers ...
Tan of DBS raises her target price for AEM to $4.30; recent rally has more room to go
The Edge Singapore - AEM Holdings has surged by nearly 90% since its FY2025 results announcement and Amanda Tan of DBS Group Research believes the run has legs, as she raised her target price for AEM Holdings from $3.30 to $4.60, given the chip tester's strong growth, improving diversification and favourable sector ...
FedEx CEO says global demand holding amid Iran war, annual profit outlook up on record holiday profit
GLOBAL delivery company FedEx said on Thursday that global demand is holding steady at the start of March despite the war in...
Less than 1% of food in Singapore comes from Middle East, but prices could still go up: Grace Fu
[SINGAPORE] Less than 1 per cent of Singapore’s food supply comes from the Middle East, with supplies from major ports in the Strait...
Stocks to watch: UOB, Singtel, Hongkong Land, Suntec Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 20):
Nvidia to sell 1 million chips to Amazon by end of 2027 in cloud deal
The sale would start this year and extend through 2027
Unilever in talks to separate food business and combine it with McCormick: WSJ
UNILEVER is in talks to separate its food business and combine it with spice maker McCormick, the Wall Street Journal reported on...
Singtel says mechanical fault, software bug behind outages; 600,000 affected
[SINGAPORE] Singtel’s outage on Monday (Mar 16) affected about 600,000 customers and was due to a mechanical fault at one of its network facilities,...
OpenAI plans desktop 'superapp' to streamline user experience
March 19 : OpenAI on Thursday confirmed a Wall Street Journal report that it plans to fold its ChatGPT app, coding platform Codex and browser into a single desktop "superapp" to simplify user experience.OpenAI President Greg Brockman will temporarily oversee the product overhaul and associ ...
OpenAI plans desktop 'superapp' to simplify user experience, WSJ reports
March 19 : OpenAI is planning to unify its ChatGPT app, coding platform Codex and browser into a desktop "superapp" to simplify user experience, the Wall Street Journal reported on Thursday.OpenAI did not immediately respond to a Reuters request for comment. Reuters could not independently ...
Central banks stand ready to tackle war-led inflation
[LONDON] Top central banks said on Thursday they stood ready to tackle any surge in inflation with tighter policy, as an escalation...
Trump tells Israel not to repeat strikes on Iranian energy as crisis deepens
Netanyahu said that Israel acted alone
Brent closes up at US$108.65 but off highs, US crude finishes with small loss
Israel attacked Iran’s South Pars gas field, but Trump said that the US and Qatar were not involved
US stocks cut losses on Netanyahu war comments as energy prices soar again
Wall Street trimmed losses as energy surged after Israeli Prime Minister Netanyahu said the war could end “a lot faster than people think”.
US stocks: Wall Street ends down as traders see no rate cuts before 2027
WALL Street ended lower on Thursday, with declines in Micron Technology and Tesla, as worries about inflation stemming from soaring oil prices...
Winklevosses' Gemini Space Station sued by shareholders over strategy shift, losses, departures
NEW YORK, March 19 : Gemini Space Station and its billionaire founders Cameron and Tyler Winklevoss were sued by shareholders who said they were defrauded about the cryptocurrency exchange's business prospects, and suffered losses as a strategy shift, mounting losses, job cuts and executive dep ...
Winklevosses' Gemini Space Station sued by shareholders over strategy, departures
NEW YORK, March 19 : Gemini Space Station and its billionaire founders Cameron and Tyler Winklevoss were sued by shareholders who said they were defrauded about the cryptocurrency exchange's business prospects, and suffered losses as a strategy shift, job cuts and executive departures caused th ...
Exclusive-German semiconductor group Elmos exploring a sale, sources say
NEW YORK / LONDON, March 19 : Germany's Elmos Semiconductor is exploring a sale as its founders consider exiting the business, according to three people familiar with the matter. Elmos, which has a market value of around 2.3 billion euros ($2.5 billion), has hired Morgan Stanley to advise on th ...
Study suggests younger age for Chile's important Monte Verde archaeological site
March 19 : The Monte Verde archaeological site in Chile, discovered in the 1970s, revolutionized the thinking about when humans entered the Americas, with scientists calculating decades ago that this former abode for ancient hunter-gatherers was about 14,500 years old. But a new study suggests it is ...
Ecolab nearing deal to acquire KKR's data center cooling company for up to $5 billion, WSJ reports
March 19 : Ecolab is nearing a deal to acquire data center cooling company CoolIT Systems from KKR for between $4.5 billion and $5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The deal could be announced as soon as next week, the report added, caution ...
Ecolab close to buying KKR's data center cooling company for up to $5 billion, WSJ reports
March 19 : Ecolab is nearing a deal to acquire data center cooling company CoolIT Systems from KKR for between $4.5 billion and $5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The deal could be announced as soon as next week, the report added.Shares o ...
Apple fends off bid for new Apple Watch import ban at US trade tribunal
WASHINGTON, March 19 : A U.S. trade tribunal preliminarily ruled that Apple's current Apple Watches do not infringe patents owned by Masimo, rejecting the medical-monitoring company's bid for a renewed import ban on the tech giant's smartwatches.Apple altered its watches to circumvent ...
Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million
Ry-Anne Lim - It says the move aligns with its ‘positive outlook and conviction in Singapore’s prime commercial property market’
Broadcom hit with EU antitrust complaint and request for interim measure
BRUSSELS, March 19 : Lobbying group Cloud Infrastructure Services Providers in Europe on Thursday urged EU antitrust regulators to temporarily stop Broadcom from ending its VMware Cloud Service Provider programme in Europe, ramping up its fight against the U.S. tech company.CISPE, which has nearly 5 ...
Cloud industry group calls for EU interim measure against Broadcom over VMware
BRUSSELS, March 19 : Lobbying group Cloud Infrastructure Services Providers in Europe on Thursday urged EU antitrust regulators to temporarily stop Broadcom from ending its VMware Cloud Service Provider programme in Europe, ramping up its fight against the U.S. tech company.CISPE, which has nearly 5 ...
Xiaomi to invest at least 60 billion yuan in AI over next three years, CEO says
The investment comes as competition in China’s cutthroat chatbot space is being redirected to agents
