33 minutes ago
Nio swings to black with Q4 profit of 122.4 million yuan on record deliveries
Shikhar Gupta - Its full-year net loss narrows from 22.7 billion yuan to 15.6 billion yuan
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
43 minutes ago
OCBC sees regional transaction banking growth outpacing Singapore, senior executive says
Transaction banking revenue is currently split about 60:40 between domestic and regional markets
2 hours ago
Jardine Matheson 2025 underlying profit up 11% at US$1.7 billion
Shikhar Gupta - The group’s final dividend of US$1.75 a share brings its full-year payout to US$2.35 a share
2 hours ago
Citi braces for busy spell for financial sponsors deals in Asia
The bank leads on the STT GDC deal for KKR and Singtel, providing key acquisition financing
2 hours ago
South Korea fines Mercedes US$7.6 million over misleading EV battery information
SEOUL: South Korea's antitrust regulator said on Tuesday (Mar 10) it has fined Mercedes-Benz 11.2 billion won (US$7.61 million) for misrepresenting the battery suppliers in its electric vehicles.The Korea Fair Trade Commission said Mercedes-Benz promoted its EQE and EQS models as using premium ...
2 hours ago
Jardine Matheson's underlying profit for FY2025 up 11%; declares higher dividend of US$2.35 per share
The Edge Singapore - Jardine Matheson has reported earnings of US$1.1 billion for its FY2025, a turnaround from losses of US$468 million incurred in the preceding year. Revenue in the same period was down 4% to US$34.2 billion. Underlying profit attributable to shareholders, which the company says is a "key measure ...
2 hours ago
SGX to offer bond futures for India, South-east Asia
The rollout comes as bond markets tumbled amid anxiety about the global economy
3 hours ago
Sembcorp’s A$3 billion Alinta loan fuels Australia’s funding boom
The loan for Sembcorp’s Australian unit will be split between an acquisition tranche
3 hours ago
Amazon transitions defense workloads, keeps Claude for others
March 10 : AWS is helping customers transition Department of War workloads off Anthropic technology to alternative models on its cloud, an Amazon spokesperson said on Tuesday.Customers and partners can continue using Claude for all non‑DoW workloads, the spokesperson added.
3 hours ago
Bain Capital nears final close of record $10.5 billion Asia fund, sources say
HONG KONG, March 10 : Bain Capital is close to wrapping up fundraising for its sixth pan-Asia private equity fund after raising about $10.5 billion, two people with knowledge of the matter said Tuesday, well exceeding its $7 billion target.The firm has bagged $9 billion from fund investors, or the s ...
3 hours ago
Nissan CFO Papin to step down, executive Leondis to succeed
TOKYO, March 10 : Nissan Motor Co Ltd said on Tuesday Chief Financial Officer Jeremie Papin will step down for personal reasons.George Leondis, a long-serving Nissan executive, is to succeed Papin as CFO on April 1, the automaker also said.
3 hours ago
AT&T outlines $250 billion US investment plan to boost infrastructure in AI age
March 10 : AT&T will spend more than $250 billion over five years in the U.S. to expand its network infrastructure and will hire thousands of technicians this year, it said on Tuesday, as telcos ramp up investments to support surging data demand.Rapid adoption of artificial intelligence, cloud c ...
3 hours ago
AT&T to invest $250 billion over five years in US to boost infrastructure
March 10 : AT&T plans to invest more than $250 billion over five years in the U.S. to build out its network infrastructure, the telecom services provider said on Tuesday.U.S. telecom operators have been aggressively spending on fiber and 5G networks as they compete with cable providers and seek ...
3 hours ago
Volkswagen stung by tariffs, China battle as profit halves
Its operating profit of 8.9 billion euros misses analysts’ forecast of 9.4 billion euros
3 hours ago
Airlines hike ticket prices as Iran war propels fuel costs
Air NZ raises fares, suspends outlook; Qantas exploring options to redeploy capacity to Europe
3 hours ago
Airlines flag higher ticket prices as fuel costs take a toll
The US-Israel war on Iran is also sparking fears of a deep travel slump and the potential widespread grounding of planes
3 hours ago
No heir apparent: Isca president Teo Ser Luck says successor must earn the role, not be groomed
Renald Yeo - Election process is designed to be a ‘more democratic’ system where members ‘have a voice’, he adds
3 hours ago
France to harness nuclear power for AI data centres, says Macron
PARIS, March 10 : France will be able to open data centres and meet the needs of artificial intelligence thanks to its large energy exports, French President Emmanuel Macron said on Tuesday."In France, last year, we exported 90 terawatt-hours of decarbonized electricity. Thanks to our nuclear p ...
3 hours ago
Singapore blue-chips rise 2.2% after Trump says Iran war will end ‘very soon’
Tay Peck Gek - The Straits Times Index is up 104.03 points at 4,860.64
4 hours ago
Singapore-based Quest Global invites banks to pitch for US$1 billion India IPO: sources
The IPO is expected to include a mix of primary shares and secondary sales by existing investors
4 hours ago
Lego bets on Pokemon, interactive bricks as war threatens higher costs
Toymaker’s CEO says the existing deals it has mean that the effect of rising oil prices is likely to be gradual and...
5 hours ago
Volkswagen says to cut 50,000 jobs as profit slides
WOLFSBURG, Germany: Volkswagen said Tuesday (Mar 10) that it would cut 50,000 jobs in Germany by 2030 as its profit slid to its lowest level since 2016."In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany," Volkswagen CEO Oliver Blume said in a let ...
5 hours ago
Schneider Electric backs NUS’ Sustainable Tropical Data Centre Testbed phase 2 on Jurong Island
Nurdianah Md Nur - Schneider Electric Singapore is partnering with the National University of Singapore's (NUS) College of Design and Engineering (CDE) to develop and test data centre technologies suited to Singapore's tightening sustainability requirements. The energy technology company has signed on as the ...
5 hours ago
Singapore remains bright spot for Airwallex as revenue doubles in 2025: Airwallex APAC GM
Benjamin Cher - This is the second year the payments company has experienced a doubling of revenue growth in this market
5 hours ago
Singapore remains bright spot for Airwallex as revenue doubles in 2025: Apac GM
Benjamin Cher - This is the second year the payments company has experienced a doubling of revenue growth in this market
5 hours ago
Having a child can be a financial mistake, but that’s okay
Leslie Yee - The costs of raising kids are high, and parents’ employability may suffer
5 hours ago
Aramco sees ‘catastrophic consequences’ for oil markets if Hormuz strait remains blocked
Shipping and insurance disruptions now trigger domino effects across other industries
5 hours ago
Aramco sees ‘catastrophic consequences’ for oil if shipping doesn’t resume in Strait of Hormuz
Shipping and insurance disruptions now trigger domino effects across other industries
6 hours ago
TSMC sales grow 30% on sustained global demand for AI hardware
Analysts on average expect a 33% increase in the first quarter
7 hours ago
German start-up plans 30-megawatt AI data centre in boost to sovereign control
FRANKFURT, March 10 : German start-up Polarise plans to build a new 30-megawatt artificial intelligence data centre that would double Germany's domestically-run computing capacity as European nations push to gain more control over critical tech infrastructure.The facility, set to come online in ...
7 hours ago
High-floor freehold strata office unit at Southpoint up for sale at $20.5 mil
Jovi Ho - A premium freehold strata office unit on a “high floor” of Southpoint, located at 200 Cantonment Road, is up for sale at a guide price of $20.5 million. This translates to $3,195 psf based on the existing strata area, says CBRE, the exclusive marketing agent, in a March 10 announcement. Spanning ...
8 hours ago
Chinese tech hubs promote OpenClaw AI agent despite security warnings
OpenClaw, an open-source AI assistant that does everything from booking flights to organising email, has gained particular traction in China.
8 hours ago
Vast ship clusters, speeding tankers point to Strait of Hormuz jamming amid Iran conflict
The jamming can distort vessels’ reported speeds and locations
8 hours ago
Can tapping oil reserves tame the Iran war price shock?
As conflict chokes off oil exports from the Persian Gulf, governments around the world have a critical line of defence against price shocks: Emergency stockpiles such as the US Strategic Petroleum Reserve (SPR), created in t