7 minutes ago
Deutsche Bank names Robert Huray South-east Asia investment banking head
The changes come at a time as Hong Kong and China now drive most dealmaking and revenue for global banks operating in Asia
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
11 minutes ago
From moonshot to markets: Understand the mechanics before plunging into SpaceX’s mega IPO
For investors, the more interesting point is not the headline valuation, but what actually comes into the market.
20 minutes ago
Beijing’s investment clampdown clouds outlook for Hong Kong banks, insurers
Analysts warn of short-term risks to Hong Kong financial sector
33 minutes ago
Dollar steadies on ceasefire prospects, PPI eases pressure on Fed
HONG KONG, June 12 : The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent.Against the yen, the U.S. currency was up 0.1 per cent at 160.07 yen. The Australian dollar was do ...
36 minutes ago
Bank of Korea governor says interest rates to be raised 'on time'
SEOUL, June 12 : South Korea's central bank governor said on Friday it was necessary to raise interest rates "on time" as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict. "Monetary policy oft ...
36 minutes ago
Oil extends losses as Trump calls off planned strikes on Iran
(Corrects paragraph 2 to say prices fell, not rose)June 12 : Oil prices fell on Friday, extending losses from the previous session after U.S. President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent f ...
50 minutes ago
As SpaceX shares debut, retail investors can turn to ETFs for exposure to the space economy
Meera Pathmanathan - But such funds should not be taken as just a stand-in for owning shares of Elon Musk’s firm, professionals say
50 minutes ago
As SpaceX scores a record US$75b IPO, retail investors can turn to ETFs for a piece of the space economy
Meera Pathmanathan - But such funds should not be taken as just a stand-in for owning shares of Elon Musk’s firm, professionals say
53 minutes ago
Adobe’s CFO departs while company also searches for new CEO
The software maker’s Photoshop and other software have long been the standard for creative and marketing professionals
58 minutes ago
Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
SYDNEY, June 12 : Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears. All eyes are on the hotly-awaited market debut of Elon Musk's Spac ...
1 hour ago
Stocks to watch: CDL, Singapore Kitchen Equipment
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 12):
1 hour ago
Rate hikes unlikely despite hot inflation and strong jobs in US: Amundi
Tan Weizhen - Former Fed chair Janet Yellen also does not expect rate increases soon, due to uncertainty over oil prices
1 hour ago
Serial Achieva wins follow-on contract worth US$14.1 mil
The Edge Singapore - Tech distributor Serial Achieva has secured a contract worth US$14.1 million to deliver switches used in networking. This is a follow-on from an earlier US$4.7 million contract announced on April 27. CEO Victoria Goh calls the contract win a reflection of the company's growing capabilities in d ...
1 hour ago
Indonesia’s Danantara unit raises US$1.5 billion in debut dollar bond
The notes are expected to be issued on Jun 18 under its US$5 billion global medium-term note programme
2 hours ago
Bank of Japan set to hike rates to 31-year high, drop hawkish signals
TOKYO, June 12 : The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on countering inflation risks from the Middle East war.The decision would align the BOJ w ...
2 hours ago
Asian stocks to gain as Trump signals US-Iran deal
Latest push for a deal has buoyed risk sentiment by raising hopes that a widening Middle East conflict can be avoided
2 hours ago
Woodside exercises pre-emptive right to buy PetroChina's stake in Browse JV
June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina's 10.67 per cent stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan's Inpex.Under the terms of the transaction, Woodside will pay $225 mil ...
2 hours ago
Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina
June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire a 10.67 per cent stake in the Browse Joint Venture from PetroChina International Investment (Australia), blocking a deal previously agreed with Japan's INPEX.Under the terms of the transaction, Woodside w ...
2 hours ago
SpaceX IPO makes Elon Musk the world’s first trillionaire
Elon Musk has co-founded five other companies, including tunnelling startup The Boring Company and brain implant maker Neuralink
3 hours ago
Trafigura and Vitol sell more Venezuelan oil to Asia as war roils supply
Growing volumes of Middle Eastern crude offers have also pressured prices recently
3 hours ago
Oiltek, Marco Polo Marine, Nam Cheong, OKP – Singapore boutique fund bets big on SGX small caps
Jermaine Fok - It is drawn to factors such as their attractive valuations, strong balance sheets and industry tailwinds
3 hours ago
Is the global tech sell-off the start of a bear market or just a correction? What experts say
Chloe Lim - Investors must assess if underlying drivers are cyclical and temporary, or indicative of a sustained weakening
3 hours ago
Keppel eyes constrained markets as next frontier of data centre growth
Young Zhan Heng - Its 25 MW floating data centre, set for operation in 2028, has secured 100% occupancy
3 hours ago
SpaceX IPO raises US$75 billion in biggest debut of all time
The sale breaks the previous record for the largest-ever IPO held by Saudi Aramco
3 hours ago
SpaceX IPO raises US$75 billion in biggest debut of all time, firm valued at US$1.77 billion
The sale breaks the previous record for the largest-ever IPO held by Saudi Aramco
3 hours ago
SpaceX IPO raises US$75 billion in biggest debut of all time, firm valued at US$1.77 trillion
The sale breaks the previous record for the largest-ever IPO held by Saudi Aramco
3 hours ago
Gold jumps after Trump reverses stance on Iran military strikes
The precious metal has fallen 21% since the Middle East conflict began at the end of February
3 hours ago
Gold jumps after Trump signals US-Iran truce deal is close
The precious metal has fallen 21% since the Middle East conflict began at the end of February
3 hours ago
Trump scraps planned Iran strikes, promising imminent deal; Teheran says no final decision made
Trump says he understands that Iran’s supreme leader has approved the deal
3 hours ago
Nvidia hires veteran lobbyist Bruce Andrews to head government affairs, sources say
SAN FRANCISCO, June 11 : Nvidia has hired veteran lobbyist Bruce Andrews to head government affairs in Washington, D.C., two sources briefed on the matter said on Thursday.Andrews served as chipmaking rival Intel's government affairs chief under former CEO Pat Gelsinger. During the Obama admini ...
3 hours ago
Oil tumbles as Trump signals US drawing closer to deal with Iran
A growing number of oil tankers are moving through the Strait of Hormuz, boosting the flow from a trickle to a stream
4 hours ago
SpaceX IPO makes Elon Musk the world's first trillionaire
June 11 : Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world's first trillionaire. At a time when concerns about inequality are high a ...
4 hours ago
Elon Musk's SpaceX IPO: Is it worth the hype?
SpaceX’s IPO, set to be the largest ever, would also propel Musk to become the world’s first trillionaire.
4 hours ago
Commentary: As SpaceX, OpenAI and Anthropic plan blockbuster IPOs, will it make them more accountable?
Once publicly listed, the AI labs of SpaceX, Anthropic and Open AI would be subject to public market scrutiny for the first time, says an academic.