22 minutes ago
German industry grows more than expected on auto sector
Output increased 0.9% from a month earlier in May
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
56 minutes ago
Sumitomo Mitsui Trust Bank to buy 15% stake in infrastructure investor Morrison
TOKYO, July 7 : The trust bank unit of Japan's Sumitomo Mitsui Trust Group will acquire a 15 per cent stake in infrastructure investment manager Morrison and make an initial $500 million commitment to two Morrison strategies, the companies said on Tuesday. The 15 per cent stake is expected to b ...
1 hour ago
Won’s 24-hour trading debut passes with below-average volume
The US dollar-won pair’s spot trading volume was 6% under the average of the past 30 days
1 hour ago
MAS issues consultation paper for new protected cell company corporate structure
The Edge Singapore - The Monetary Authority of Singapore (MAS) has issued a consultation paper that proposes to establish a legislative framework for a new protected cell company (PCC) corporate structure. The paper, published on July 7, follows the announcement made by deputy prime minister and trade and industry minis ...
1 hour ago
MAS proposes new corporate structure to grow alternative risk transfer market
Tan Nai Lun - The framework will lower costs for captive insurance, insurance-linked securities and sovereign risk pools
2 hours ago
Google, RWE back Proxima Fusion in €411 million financing round
July 7 : Magnetic fusion start-up Proxima Fusion has raised €411 million ($469.69 million) from investors including Alphabet's Google and German utility RWE as part of a financing round, the Munich-based start-up said on Tuesday.• "Proxima’s financing demonstrates that Europe can not ...
2 hours ago
Synopsys to cut chip fab manufacturing control software in shift to AI design, sources say
SEOUL, July 7 : U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to divert resources to higher-margin offerings such as AI design. Synopsys in April and Ma ...
2 hours ago
Exclusive-Australia's teen social media ban fails to clear first hurdle in age checks, says study
SYDNEY, July 7 : Australia's online platforms are stumbling at the very first step in implementing age checks for users, rendering a world-first teen social media ban ineffective, a study by a team that advised the government's rollout of the curbs found.Since December, Australia's ne ...
2 hours ago
Saudi oil price cut unlikely to convince sated Asia buyers, traders say
Other Gulf producers are selling crude at wide discounts to try to boost demand
3 hours ago
South Korea's KOSPI tumbles 8%, triggering circuit breakers for sixth time this year
SEOUL: South Korean shares fell 8 per cent on Tuesday, led by chipmakers, as investors questioned whether record earnings tied to AI could hold up.The benchmark KOSPI was down 646.85 points, or 8.03 per cent, at 7,404.48, as of 4.53am GMT (12.53pm, Singapore time). It triggered circuit breakers at 4 ...
3 hours ago
CICT, CapitaLand should snap up Bugis Junction Towers
Kalpana Rashiwala - The group has the heft to spearhead a redevelopment of the entire complex and transform the surrounding area
3 hours ago
HSBC reins in riskier private credit lending, FT reports
It will focus on lower-risk funds and has told clients it will not renew their facilities
3 hours ago
HSBC retreats from riskier private credit lending: FT
Some big banks are raising rates for the leverage they provide, and they are also marking down specific loans posted as collateral
3 hours ago
Meta says US states are seeking US$1.4 trillion in penalties for violating child safety law
The trial is due to start in August
4 hours ago
China’s central bank unveils new measures to cement Hong Kong’s renminbi hub status
The new policies are strengthening the city’s position as a gateway for foreign investors looking at the country
4 hours ago
Beijing bolsters Hong Kong bond, gold trading in global renminbi push
China would further deploy its foreign exchange reserves into Hong Kong’s financial markets
4 hours ago
SMU launches capital markets initiative; chairman Piyush Gupta says market growth takes sustained reforms
Ranamita Chakraborty - Singapore Capital Markets Initiative will also foster collaboration among ecosystem players
4 hours ago
Singapore to speed up cross-listing of foreign ETFs with 3-month approval target
Tan Nai Lun - This will lead to a wider range of exchange-listed products available to investors here: SGX
5 hours ago
Chinese firms leave Nvidia for local AI suppliers, survey shows
Tencent, Alibaba and Huawei Technologies are among the players best-positioned to take advantage of the shift
5 hours ago
Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial
July 6 : Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety.Meta put forward the figure in its response to t ...
5 hours ago
Vietnam’s island megaproject races towards Apec deadline, but demand test looms
Sun Group is betting big on Phu Quoc infrastructure to sustain visitor momentum beyond the summit
5 hours ago
CGSI, citing subdued job market, maintains 'hold' call on HRnetGroup
The Edge Singapore - Tan Jie Hui and Lim Siew Khee of CGS International have kept their "hold" call on HRnetGroup, along with the same target price of 78 cents, given how earnings growth should remain subdued for the employment agency amid a soft hiring environment. Singapore's job market has shown signs ...
5 hours ago
DBS initiates UOB Kay Hian coverage with ‘buy’, S$4.80 target price
Shikhar Gupta - UOBKH investors can look forward to a dividend yield of about 4%, says the research house
6 hours ago
SK Hynix to bring ADR funds to South Korea by around July 15, source says
SEOUL, July 7 : SK Hynix is expected to bring U.S. dollars into the country by around July 15, converting a part of the funds it raises in its offering of American depositary receipts (ADRs) into the won, a source familiar with the matter said on Tuesday.The South Korean chipmaker launched a U.S. sh ...
6 hours ago
Hong Kong begins trial operation of New gold clearing system
Spot gold was trading near US$4,140 an ounce at 9.30 am Hong Kong time
6 hours ago
Samsung, SK Hynix fall over 8% as Asian stocks decline on tech weakness
The MSCI Asia Pacific Index slips 1.2% as the Kospi index sheds 6.7%
6 hours ago
Asian stocks fall on tech weakness; Samsung, SK Hynix over 8% down
The MSCI Asia Pacific Index slips 1.2% as the Kospi index sheds 6.7%
6 hours ago
Asian stocks fall on tech weakness; Korean chipmakers Samsung, SK Hynix retreat
The MSCI Asia Pacific Index slips 0.6% as the Kospi index sheds 4.3%
6 hours ago
LG Energy profit misses estimates as slow EV demand hits
The company has been accelerating its expansion into the fast-growing energy storage market
6 hours ago
Stocks ease despite upbeat Samsung forecast, yen languishes
TOKYO, July 7 : Asian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation.Samsung Electronics, the world's largest ...
6 hours ago
DBS shares rise 1.9% to hit all-time intraday high as sentiment improves
Shikhar Gupta - The counter climbs to a high of S$68.20
6 hours ago
DBS shares rise 1.8% to hit all-time intraday high as sentiment improves
Shikhar Gupta - The counter climbs to S$68.14
6 hours ago
RHB calls recent drop in Raffles Medical shares an 'attractive' entry point
The Edge Singapore - Raffles Medical's share price, since its recent peak of $1.07 in February, has dropped more than 13% since. From the perspective of Shekhar Jaiswal of RHB Bank Singapore, this recent de-rating is "an attractive entry point" ahead of the company's 1HFY2026 earnings to be reported ...
6 hours ago
Carousell turns Ebitda-positive in FY2025 as recommerce powers growth
Benjamin Cher - Revenue for FY2025 grows 18% to US$141 million from US$119.3 million in FY2024