39 minutes ago
Civil servants get 0.45-month mid-year bonus, up marginally from 2025
Ry-Anne Lim - Junior staff will receive a one-time payment of up to S$400
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
40 minutes ago
Stocks hit by Fed rate reality check; oil slips
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16 per cent drop in oil prices this month.The STOXX 600 fell 1.2 per cent, under pressure from d ...
55 minutes ago
South Korea’s Kospi plunges nearly 10% after regulator cautions on leveraged ETFs
The Kospi has risen 94.67 per cent so far this year
1 hour ago
Want to invest in private companies? Tokenised shares could be the next frontier
Jean Low - A new model from Wall Street lets investors buy and exit private markets shares without waiting for an IPO
1 hour ago
UN chief calls on AI firms to come clean on environmental costs
AI firms currently rely on voluntary net-zero commitments and renewable electricity targets
2 hours ago
Australian shares fall for fourth day as miners, tech drag
Tech stocks fell 4 per cent
2 hours ago
European shares slip on Fed hike bets, tech drag
Traders expect the Fed to hike interest rates by a total of 50 basis points by the end of the year
2 hours ago
Trek 2000 secures US$350,000 AI renewable energy solutions project in Cambodia
Teo Zheng Long - Trek 2000 (SGX: 5AB ) announced that its wholly-owned subsidiary, Trek Technology (Singapore) Pte Ltd, has entered into an agreement with its Cambodian customer, Our HS Convenience Co Ltd, for the supply, installation and commissioning of a US$350,000 ($453,000) project at the customer's solar ...
2 hours ago
Nikkei slides to one-week low as profit-taking hits tech stocks
AI-related shares, which powered the market’s recent surge, led losses
3 hours ago
IBM partners with OpenAI on enterprise security AI
IBM’s new security service uses OpenAI to help organisations find and validate software vulnerabilities faster
3 hours ago
Heineken names first outsider CEO to lead turnaround amid sales slump
The Dutch brewer is in the middle of a cost-cutting drive which includes shedding about 7% of its global workforce
3 hours ago
SIA’s ‘dim sum’ bonds – What are they and how do they impact investors?
Shikhar Gupta - Benchmark-sized dim sum bonds are typically at least one billion yuan (S$190.1 million)
4 hours ago
SoftBank’s Masayoshi Son dismisses Musk’s idea for orbital data centres
Orbital data centres cut electricity costs, but power is a tiny fraction of total operating expense
4 hours ago
Exclusive-Nissan shelves development of electric Qashqai in cost-cutting drive
TOKYO, June 23 : Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the Japanese automaker trims its lineup and cuts costs.The move to quietly halt development of a fully electric Qashqai comes as traditional rivals an ...
4 hours ago
Baht drops to one-year low on expectations of rate gap with US
It weakened as much as 0.5 per cent to 33.09 per dollar, the lowest since May 2025
4 hours ago
Indian startup head Kunal Shah appointed as new WhatsApp boss
MUMBAI: Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app's massive user base.The announcement, made Monday night (Jun 22), was accompanied by news that Meta would also lead a
4 hours ago
Lazada cuts about 5% of workforce as part of review across South-east Asia markets
Benjamin Cher - The layoffs are not due to any AI initiatives
4 hours ago
Iran rushes to woo Asia’s largest oil importers after US waiver
Even after months of disruption, the region is not currently short of crude
5 hours ago
Tencent in talks to offload Marvelous and other global game bets
Investment in the games sector has dried up after a big expansionary period triggered by the pandemic’s surge in demand
5 hours ago
Singtel sells S$1 billion in Gulf Development shares
Young Zhan Heng - This will result in cumulative gains of some S$140 million in equity
5 hours ago
Kadokawa, Japan's 'Elden Ring' powerhouse, faces battle over CEO at shareholder meeting
TOKYO, June 23 : Kadokawa, the Japanese firm behind the dark epic "Elden Ring" video game franchise, is now facing a nightmare of its own: an activist shareholder who wants its CEO gone, wielding a big stake and proxy advisor support.The showdown will take place at Wednesday's annual ...
5 hours ago
Singapore core inflation holds at 1.4% in May, undershooting forecasts as services prices cool
Tessa Oh - Private-sector economists’ forecast 1.6% growth according to a Bloomberg poll
5 hours ago
Orion CMC in advanced discussions for three Asian partnerships
MELBOURNE, June 23 : Orion Critical Mineral Consortium, a minerals investment group backed by the U.S. government, is in advanced discussions to establish three new public-private partnerships in Asia as it seeks to fund a $20 billion global pipeline of opportunities, executives told Reuters. The co ...
6 hours ago
Singtel's partial sale of Gulf Development stake reaps $140 million gain
The Edge Singapore - The Singtel Group has sold 2.8% of its stake in Gulf Development, Thailand's largest energy company, for approximately $1 billion as it continues its asset recycling programme to drive growth and sustainable shareholder returns. The transaction was executed via a private placement to institutio ...
6 hours ago
Morgan Stanley plans US$1.3 billion tower for Dallas expansion
The project extends the Texas city’s rise as a financial centre as Wall Street steps up efforts to lure talent in locations...
6 hours ago
EV demand powers Europe car market in May, Chinese rivals expand share
June 23 : Demand for electrified cars continued to underpin growth in Europe's auto market in May, offsetting a sharp decline in petrol and diesel sales and allowing Chinese brands to expand their footprint, data from the European Automobile Manufacturers’ Association (ACEA) showed on Tuesday ...
6 hours ago
Yen hovers near 40-year low against dollar
Japanese Finance Minister Satsuki Katayama's conversation with US Treasury Secretary Scott Bessent on Monday helped the yen recover from a low of 161.93 per dollar, just short of the 161.96 level last seen in December 1996.
6 hours ago
Nissan shareholders reject appointment of external director Nagai to board
Nissan Motor shareholders on Tuesday (Jun 24) rejected the reappointment of long-serving outside director Motoo Nagai, whose independence had come under scrutiny due to his ties to the automaker's main banking partner.Nagai is a former executive of companies within Mizuho Financial Group. Proxy ...
6 hours ago
Meta to pause internal mouse-tracking tech while examining data security issues
The announcement follows revelations that sensitive employee data was accessible to all Meta staffers
7 hours ago
SK Hynix ETF’s assets soar to US$17 billion, biggest in Hong Kong
The milestone highlights investors’ voracious appetite for high-stakes bets on the booming semiconductor sector
7 hours ago
Temasek-backed Foundation Healthcare lodges preliminary IPO prospectus
Deon Loke - The offer size, price and listing date were not disclosed in the prospectus
7 hours ago
‘A lot of leeway’: SpaceX’s high-grade debt comes under scrutiny as sceptics emerge
SpaceX is asking investors to finance a business that is both unusually strong and unusually hard to model, says an expert
7 hours ago
Move over, doctors and lawyers: Samsung, SK Hynix staff are South Korea’s new ‘A+’ marriage catch
More workers seek roles at these firms, whose staff, matchmakers say, are sought after in the marriage market
7 hours ago
In South Korea, a job or partner at Samsung, SK Hynix is the new 'A+' catch
In the nation’s marriage market, staff at these firms rank beside doctors and lawyers, matchmakers say