3 hours ago
Air France-KLM halts Dubai, Riyadh flights on geopolitical risks
AIR France-KLM has paused flights to and over several countries in the Middle East amid tensions between the US and Iran that...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
4 hours ago
Reduced SGX board lot sizes a win for investors, but more uncertainty when prices fall below S$10 threshold
Koh Kim Xuan - The exchange says that the lower minimum investment size for higher-priced securities would potentially broaden investor participation
5 hours ago
China deepens probe into Meta’s landmark US$2 billion buyout of Singapore-based Manus
BEIJING is deepening an investigation into Meta Platforms’ US$2 billion acquisition of Chinese-founded artificial intelligence (AI) startup Manus, raising the risk that...
6 hours ago
SEC agrees to dismiss case over crypto lending by Winklevoss' Gemini
Jan 23 : The U.S. Securities and Exchange Commission on Friday agreed to dismiss its enforcement case against a cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, after investors in its lending program recovered their assets in full.The SEC and the exchange now known ...
7 hours ago
TikTok’s new CEO brings Hollywood connections, ByteDance loyalty
TIKTOK picked an insider to lead its newly created US business, choosing an executive with deep ties to the entertainment world and...
7 hours ago
US lawmakers say TikTok joint venture deal needs scrutiny from Congress
Some US lawmakers on Friday (Jan 23) said a deal by TikTok’s Chinese owner ByteDance to establish a majority American-owned joint venture...
7 hours ago
BlackRock cuts value of private debt fund by 19%, waives fee
A BLACKROCK private debt fund expects to mark down the net value of its assets 19 per cent after a string of...
7 hours ago
European stocks end a five-week winning streak after Greenland turmoil
EUROPEAN shares finished lower on Friday (Jan 23) and logged weekly losses as investors exercised caution and assessed any potential trade jitters...
8 hours ago
Oil rises nearly 3% as US sends armada to Iran, slaps new sanctions
OIL prices settled at their highest in over a week on Friday (Jan 23) after US President Donald Trump ratcheted up pressure...
8 hours 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...
8 hours ago
The differences between crypto, stablecoin and CBDC
Tong Kooi Ong + Asia Analytica - Cryptocurrencies (like Bitcoin and Ethereum) are digital-native assets on public blockchains. There is no issuer, no sovereign backing. Their value is determined entirely by scarcity, network belief and speculative demand. They overcome fears of censorship, a lack of trust in institutions and govern ...
8 hours ago
Crypto investing as an exit asset: Save the evangelism
Tong Kooi Ong + Asia Analytica - From the outset, the discussion around cryptocurrencies has tended towards hyperbole. A cursory search on the internet yields no shortage of commentary framed in binaries: Cryptocurrencies — speculative bubble or transformative technology? Ponzi scheme or financial revolution? Opportunity or threa ...
9 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
9 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
10 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 ...
10 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 ...
13 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 ...
14 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 ...
14 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 ...
14 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 ...
14 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 ...
15 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 ...
15 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 ...
15 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 ...
16 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 ...
16 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 ...
16 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
16 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 ...
17 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 ...
17 hours ago
'Jobs, jobs, jobs' the AI mantra in Davos as fears take back seat
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 ...
17 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 ...
17 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...
17 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...
18 hours ago
Straits Trading sells stake in Korean warehouse, to receive net proceeds of $83.4 mil
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 ...