56 minutes ago
US stocks: Dow ends lower, with S&P flat, as Intel's outlook weighs on risk appetite
THE Dow Jones Industrial Average stumbled to a lower close on Friday (Jan 23), while the S&P 500 ended largely unchanged, as...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
Quiet malls, full containers: The two-speed reality of the Chinese economy
The China that disappointed investors may not be the same one that is growing
2 hours ago
Singapore’s insurance sector needs strategic consolidation, not perpetual flux
Potential sale of HSBC Life in the Republic highlights challenges posed by a fragmented market to both insurers and consumers
3 hours ago
NY Fed carried out dollar/yen rate checks, source says
NEW YORK, Jan 23 : The New York Federal Reserve conducted rate checks on the dollar/yen pair around midday on Friday, a source familiar with the matter told Reuters.Analysts say the move may have triggered a sharp drop in the greenback and could signal that U.S. and Japanese monetary authorities may ...
3 hours ago
Fidelity settles lawsuit over access to 'business-critical' Broadcom software
BOSTON, Jan 23 : Fidelity Investments said on Friday it had reached an agreement to settle a lawsuit accusing Broadcom of threatening to cut off its access to software that had become central to the financial firm's systems, creating a risk of outages and trading disruptions.The Boston-based as ...
6 hours ago
Russian military intelligence hackers likely behind December cyberattacks on Polish energy targets, researchers say
Jan 23 : A notorious Russian military intelligence hacking unit with a track record of destructive cyber operations was likely behind the large cyberattacks that targeted Poland’s power system in late December, researchers said Friday.Researchers with Slovakia-based ESET analyzed malware used duri ...
7 hours ago
Tesla to charge subscription fee for some highway driver-assist features in US, Canada
Jan 23 : Tesla on Thursday stopped including some driver-assistance features with new vehicles sold in the U.S. and Canada, requiring customers who want self-steering and similar technology to pay for a broader $99 monthly subscription.Tesla CEO Elon Musk has been focusing on boosting revenue from ...
7 hours ago
Tesla drops Autopilot in pivot to FSD subscription model in US, Canada
Jan 23 : Tesla on Thursday discontinued its basic driver-assistance system, Autopilot, in Canada and the U.S., in an attempt to push customers toward a more advanced version of the technology branded as Full Self-Driving (Supervised).The company had last week said it would stop offering FSD as a one ...
7 hours ago
Meta halts teens' access to AI characters globally
Jan 23 : Meta Platforms said on Friday it will suspend teenagers' access to its existing AI characters across all of its apps worldwide, as it builds an updated iteration of those for teen users."Starting in the coming weeks, teens will no longer be able to access AI characters across our ...
7 hours ago
Toyota to recall around 162,000 US vehicles over faulty display screen
Jan 23 : Toyota said on Friday that it was conducting a safety recall involving around 162,000 vehicles in the United States over a faulty multimedia display.The recall includes certain model year 2024-2025 Toyota Tundra and Tundra Hybrid vehicles.The multimedia display may become stuck on a camera ...
8 hours ago
Yen spikes with intervention in focus; oil rallies on Iran fears
NEW YORK/LONDON Jan 23 : Japan's yen spiked sharply higher against the dollar on Friday as traders evaluated the possibility of an intervention by Japanese authorities to support the currency while oil prices rallied after U.S. President Donald Trump ratcheted up pressure against Iran.Elsewher ...
8 hours ago
Stocks edge higher, dollar dips with potential yen intervention in focus
NEW YORK/LONDON Jan 23 : MSCI's global equities index was rising modestly on Friday and benchmark U.S. Treasury yields edged down while the yen gained against the dollar as traders bet that Japanese authorities are close to intervening directly to support the currency.The yen suddenly swung fro ...
8 hours ago
Airbus nears deal to sell around 100 A220 jets to AirAsia, sources say
PARIS, Jan 23 : Airbus is closing in on a deal to sell around 100 A220 jets to AirAsia, marking the budget airline's first foray into regional narrowbody aircraft, industry sources said.If confirmed, a deal including options for about 50 more aircraft on top of the main order could be announced ...
9 hours ago
Senator says Congress must investigate TikTok deal, faults lack of details
WASHINGTON, Jan 23 : Democratic Senator Ed Markey on Friday said Congress should investigate a deal finalized Thursday by TikTok's Chinese owner ByteDance to establish a majority American-owned joint venture that will secure U.S. data in a bid to avoid an American ban on the social media app.Ma ...
9 hours ago
Malaysia's AirAsia X says it continuously explores debt refinancing opportunities
Jan 23 : Malaysia's AirAsia X on Friday said that it "continuously explores" options to refinance about $600 million in debt, after a Reuters report said the budget carrier was preparing a restructuring.Reuters reported earlier that AirAsia X was targeting a debt restructuring followi ...
9 hours ago
Yen sees two sudden spikes as rate check speculation swirls
NEW YORK, Jan 23 : The yen was volatile on Friday, with two sudden spikes raising market speculation that authorities had conducted a rate check, often a precursor to intervention. The yen was last stronger on the day at 156.495 per dollar, after touching 156.19. Traders are alert to the prospec
9 hours ago
Yen volatile on rate check speculation, dollar set for sharp weekly drop
NEW YORK/LONDON, Jan 23 : The yen was volatile on Friday, with a sudden spike raising market speculation that authorities had conducted a rate check, often a precursor to intervention, while the dollar was set for its steepest weekly decline since June as geopolitical tensions unsettled investors.Th ...
10 hours ago
'Jobs, jobs, jobs' the AI mantra as fears take back seat in Davos
DAVOS, Switzerland, Jan 23 : Biting cold, political tensions and doubts about artificial intelligence did nothing to curb the enthusiasm of business leaders in Davos over technology's ability to create jobs.Top executives at the World Economic Forum's annual meeting said that while jobs wo ...
10 hours ago
Trump administration pushes out official whose unit banned Chinese vehicles, sources say
Jan 23 : The Trump administration has pushed out a Commerce Department official whose office effectively barred nearly all Chinese cars from the U.S. market for national security reasons, according to people familiar with the matter. Elizabeth "Liz" Cannon has resigned as executive dire ...
10 hours ago
US stocks open lower as Intel weighs
[NEW YORK] US stocks opened mostly lower on Friday (Jan 23), putting the main indexes on track for a second consecutive weekly...
10 hours ago
MPA investigating the sinking of Singapore-flagged ship in South China Sea that left 2 dead
[BEIJING] The Maritime and Port Authority of Singapore (MPA) is investigating the sinking of bulk carrier Devon Bay in the South China Sea...
11 hours ago
Straits Trading sells stake in Korean warehouse, to receive net proceeds of $83.4 million
The Edge Singapore - The Straits Trading Company, via a real estate joint venture, has sold a logistics facility in Korea for KRW 432 billion, or $377.6 million. Straits Trading holds an effective interest of 47.3% in the property, the Arenas Yeongjong Logistics Center, at Incheon. Straits Trading says the sale is part ...
11 hours ago
FCT’s occupancy rises to 99.9% after new cinema tenants replace Cathay
Renald Yeo - This is up from 98.1% in the previous quarter ended Sep 30, 2025
11 hours ago
With the STI closing in on 5,000, these laggards may rebound
Goola Warden - The Straits Times Index is almost at 5,000. Indicators are high, but they have been higher. 21-day RSI is at 78 which is several notches lower than Sing Holdings whose 21-day RSI ended at 92 on Jan 23. Of course Sing Holdings has fundamentals to back up its sudden sharp surge. The STI, in turn, is l ...
11 hours ago
Thakral Corp plans to pay $93.9 million to raise stake in Gurugram development
The Edge Singapore - Thakral Corporation plans to pay $93.9 million to increase its stake in a real estate and healthcare project in India from 13.64% to 95.28%. This additional 81.64% stake will be bought from a subsidiary of Thakral Group, an entity that is controlled by the extended Thakral family, and which is also ...
11 hours ago
FCT reports 1QFY2026 occupancy of 98.1%; aggregate leverage of 40.3%
Felicia Tan - Frasers Centrepoint Trust (FCT) has reported a committed occupancy rate of 98.1%, unchanged q-o-q for the 1QFY2026 ended Dec 31, 2025. After the first quarter of this year, the REIT’s occupancy rate will increase to 99.9% with the cinema spaces at Causeway Point and Century Square successfully bac ...
11 hours ago
Straits Trading unit to divest South Korea logistics property for 432 billion won
Deon Loke - Completion of the disposal is expected to take place on or around Jan 29
11 hours ago
Citigroup to lay off more employees in March
The layoffs are expected after bonuses are paid in March
13 hours ago
UBS explores crypto investing for select private banking clients, Bloomberg News reports
Jan 23 : UBS is planning to offer cryptocurrency investment options to some private banking clients, Bloomberg News reported on Friday, citing people familiar with the matter. The Swiss lender is selecting partners for the proposed crypto offering, the report said. UBS would initially allow select ...
14 hours ago
UK investigates Meta's compliance with WhatsApp data requests
LONDON, Jan 23 : British regulator Ofcom said on Friday it had opened an investigation into Meta Platforms over the information it had provided relating to WhatsApp for one of its market reviews."Last year, we carried out a review of the wholesale market for business bulk SMS messages, which ar ...
14 hours ago
Analysis:Elon Musk's Starlink: A must-have for airlines, or a costly perk?
LONDON, Jan 23 : A social-media feud between Elon Musk and Ryanair boss Michael O'Leary over the cost of fitting Starlink's WiFi service has reignited a long-running debate in aviation: who really needs internet at 30,000 feet - and who is willing to pay for it?For long-haul carriers chasi ...
14 hours ago
Intel shares tumble as supply chain snarls hamper turnaround
Jan 23 : Intel's shares plunged 12 per cent on Friday after the company struggled to meet strong AI demand for data-center chips due to supply constraints, disappointing investors betting on its turnaround.After years of sitting out the artificial intelligence boom that turned Nvidia into the w ...
15 hours ago
Heathrow's new scanners end dreaded rummage for liquids and laptops
LONDON, Jan 23 : Passengers will no longer be forced to dig around in their hand luggage to extract shampoos, water bottles and laptops when travelling through security at Heathrow, Europe's busiest airport, thanks to new specialist scanners. Heathrow said on Friday that all security lanes acro ...
15 hours ago
High Court grants OG possession of Taste Orchard under consent order
Paige Lim - Master tenant Hao Mart and its subtenants have already vacated the mall’s premises, BT understands