31 minutes ago
Great Eastern set to resume trading after delisting vote fails
Tan Nai Lun - [SINGAPORE] Great Eastern Holdings is set to resume trading after a vote for a delisting resolution fell through at its extraordinary general...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
57 minutes ago
Shein files for Hong Kong IPO to save London listing: report
If UK’s Financial Conduct Authority is willing to accept a China Securities Regulatory Commission-approved prospectus, London would still be Shein’s preferred exchange,...
1 hour ago
Australia’s central bank keeps rates steady at 3.85%, stuns markets
The stubbornly frugal consumer is a reason that the economy barely grew in the first quarter and a slew of soft retail...
1 hour ago
Vietnam central bank readies measures to counter tariff impact
The Vietnamese dong has been under pressure in recent weeks, dropping to a record low in June
2 hours ago
Exclusive-Next Rio Tinto boss expected to entertain big deals, cut costs, sources say
MELBOURNE/LONDON :Rio Tinto's new CEO, who could be announced as soon as this month, should be open to transformative merger and acquisition deals as well as sharpening productivity and cost cuts, said two people aware of the chair's priorities.The world's biggest iron ore miner is in ...
2 hours ago
GuocoLand secures S$619.3 million green loan for River Valley Green development
Bryan Cheong - This project adds to the company’s expanding pipeline of green-certified developments
2 hours ago
Rex International signals start of Okea’s exploration well drilling in Norway’s Brage Field
Chloe Lim - The well aims to test hydrocarbon presence in geological layers that have not been penetrated before
2 hours ago
Indonesia palm oil group says palm oil exports to US may fall due to tariffs
JAKARTA :Indonesian palm oil exports to the United States may fall due to the 32 per cent tariffs threatened on Indonesian goods, Hadi Sugeng, secretary general of the Indonesia Palm Oil Association (GAPKI), told Reuters on Tuesday.Palm oil products are among Indonesia's top exports to the Unit ...
2 hours ago
Shenzhen bourse nudges China firms to speed up IPO applications
The exchange is China’s second largest after Shanghai
2 hours ago
Grab launches autonomous shuttle bus for its employees between office and MRT station
Insights from the initiative will be shared with the government to support Singapore’s broader AV plans.
3 hours ago
Quick takes on Trump’s new tariffs: what this means for markets, the dollar, and inflation
Tan Weizhen - The Trump administration started sending letters out to trading partners on Monday but indicated that negotiations would continue
3 hours ago
China shuns costly LNG imports even as summer power demand rises
The growing frequency of extreme weather is making it tougher to predict the scale and duration of heat waves everywhere, and therefore...
3 hours ago
Samsung to buy US healthcare services company Xealth
SEOUL :Samsung Electronics said on Tuesday it had signed an agreement to acquire Xealth, a U.S.-based healthcare platform, as part of its efforts to expand its mobile healthcare services business. The South Korean company did not disclose the value of the transaction. Samsung said the two companies ...
3 hours ago
Samsung Elec to buy healthcare services company Xealth
SEOUL :Samsung Electronics said on Tuesday it had signed an agreement to acquire Xealth, a U.S.-based healthcare platform, as part of its efforts to expand its mobile healthcare services business. The South Korean company did not disclose the value of the transaction.
3 hours ago
Singtel’s redeveloped Comcentre to be Singapore’s first AI-enabled, 5G+ connected building
Nurdianah Md Nur - Singapore Telecommunications (Singtel) and Lendlease have officially broken ground on the new Comcentre, which is slated for completion in 2028. The $3 billion development will feature more than 110,000 square metres of gross floor area across two 20-storey Grade A office towers. It will also includ ...
3 hours ago
AI video becomes more convincing, rattling creative industry
[NEW YORK] Gone are the days of six-fingered hands or distorted faces – artificial intelligence (AI)-generated video is becoming increasingly convincing, attracting...
4 hours ago
Apple loses top AI models executive to Meta’s hiring spree
The major departure underscores the heightened competition for talent in the emerging space
4 hours ago
BNP bets Hong Kong’s IPO boom will add to wealth momentum
The Asian financial hub has been stepping up efforts to attract the wealthy with tax concessions and residency plans
4 hours ago
Vietnam central bank to prioritise growth for rest of year amid global uncertainties
HANOI :Vietnam's central bank said on Tuesday it will continue to adopt flexible monetary policies for the rest of the year, with priority given to supporting growth. Uncertainties in the global economy will remain and will affect the Vietnamese economy, Deputy Governor of the State Bank of Vie ...
5 hours ago
US may restrict AI chips to Malaysia, curbing enthusiasm for building data centres in JS-SEZ
Goola Warden - On July 7, Bloomberg reported that the Trump administration plans to restrict shipments of AI chips from the likes of Nvidia to Malaysia and Thailand, as part of an effort to crack down on suspected semiconductor smuggling into China. “A draft rule from the Commerce Department seeks to prevent Chi ...
5 hours ago
UOBKH's Loh remains bullish on Seatrium's ability to win more specialised orders
The Edge Singapore - Adrian Loh of UOB Kay Hian is staying bullish on Seatrium, confident that the company's ability to deliver projects on time and within budget, including, most recently, the US$2.3 billion P-78 FPSO for key customer Petrobras. "As the company works through its $21.3 billion orderbook in the ...
5 hours ago
Gold steady after Trump unveils steeper tariffs, Treasury yields weigh
[BENGALURU] Gold prices steadied on Tuesday (Jul 8) as US President Donald Trump announced sharply higher tariffs on goods from Japan, South...
5 hours ago
Shares steady, dollar firms on US tariff letters; oil dips
TOKYO :Stock markets in Asia took in stride the latest twist in U.S. President Donald Trump's tariff roll-out on Tuesday, as the dollar held onto gains and oil retreated.Shares on Wall Street fell after Trump sent letters to 14 countries, including Japan and South Korea, unveiling sharply highe ...
5 hours ago
Shares steady in Asia on US tariff letter; dollar firms
Asian stock markets took in stride US President Trump's latest tariff roll-out on Tuesday - Japan's Nikkei stock index rose 0.4 per cent while South Korea's Kospi jumped 1.5 per cent in early trade.
5 hours ago
Japanese, Korean stocks gain after Trump's new tariff deadline
Alice French and Momoka Yokoyama / Bloomberg - Japanese and South Korean equities rose in early Tuesday trading on cautious hopes that the countries can reach trade deals ahead of Donald Trump’s newly-extended tariff deadline. The yen was fractionally stronger after dropping about 1% overnight. The won gained. Japan’s blue-chip Nikkei 225 ro ...
5 hours ago
Investors flock to US dollar as Trump unveils US tariff plans
Salamat Sanwan - The US president has said trading partners can expect a rate anywhere between 10% and 70%
6 hours ago
Funko replaces CEO after one year amid losses, falling sales
Shares of the company have dropped more than 50% in the past year
6 hours ago
Guocoland prices S$120 million perpetual securities at 4.35% yield
Chloe Lim - It will be issued in the denomination of S$250,000 and will confer a right to receive distribution payments
6 hours ago
Guocoland prices S$120 million perpetual securities at 4.35%
Chloe Lim - It will be issued in the denomination of S$250,000 and will confer a right to receive distribution payments
6 hours ago
Goldman Sachs raises S&P 500 return forecasts
[SINGAPORE] Goldman Sachs has raised its three-, six- and 12-month S&P 500 return forecasts, citing expectations of earlier and deeper US interest...
6 hours ago
Oil prices ease as traders assess US tariffs, OPEC+ output hike
Oil prices eased on Tuesday after rising almost 2 per cent in the previous session, as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August.Brent crude futures dropped 21 cents at $69.37 a barrel by 0041 GMT. U.S. West Texas Intermediate crude f ...
6 hours ago
Stocks to watch: OCBC, SIA, SGX, GuocoLand, China Aviation Oil, Del Monte Pacific
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 8):
7 hours ago
Singapore, Asia markets mixed at midday as Trump announces tariff rates on 14 countries
Chloe Lim - These higher tariffs will take effect on Aug 1, after a three-month pause that is supposed to end on Wednesday
7 hours ago
Singapore, Asia markets muted as Trump announces new tariff rates on 14 countries
Tan Weizhen - These higher tariffs will take effect on Aug 1, after a three-month pause that is supposed to end on Wednesday