24 minutes ago
AIP, backed by BlackRock and Temasek, said to be interested in Stack data centres
The number of prospective buyers reflects how data centres and related infrastructure have come to the forefront of dealmaking in Asia
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
38 minutes ago
ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports
June 24 : Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company has approached banks for a loan that may carry a t ...
51 minutes ago
Geopolitics and concentration risk steer Apac investors into diversification and active management: Schroders
Lynnette Tania Lee - Investors in Asia Pacific (Apac) are reshaping their portfolios as geopolitical uncertainty and rising market concentration force a rethink of traditional asset allocation, Schroders’ Global Investor Insights Survey 2026 finds. The survey, which polls more than 1,000 institutional investors, wealt ...
55 minutes ago
ByteDance seeks US$20 billion in its largest-ever offshore loan
The company has long been regarded as a prime IPO candidate
1 hour ago
DBS and Climate Bonds Initiative report to plug adaptation and resilience financing gap
Lin Daoyi - Businesses and banks may now access a framework to identify, evaluate and finance credible adaptation and resilience (A&R) investments. Developed by DBS and Climate Bonds Initiative (CBI), the framework is published in their Adaptation and Resilience: Exploring Investable Opportunities in Asia-P ...
1 hour ago
SIA Engineering’s Lim Sim Seng to chair new Skills and Workforce Development Agency
Shikhar Gupta - The SWDA will officially launch on Jul 1, marking the merger of SkillsFuture Singapore and Workforce Singapore
2 hours ago
CapitaLand Investment secures approval for its second C-Reit at 4.8 billion yuan
Chloe Lim - The assets in the Reit are Shenzhen Raffles City and CapitaLand Mall Fucheng
2 hours ago
SoftBank’s Masayoshi Son scraps plan to retire in his sixties
The company has been accelerating its investments into AI-related companies
2 hours ago
SIIA report warns of ‘high’ risk from transboundary haze, hints at potential multi-billion dollar economic losses
Lin Daoyi - Brunei, Indonesia, Malaysia and Singapore have to prepare themselves for “severe” transboundary haze that could result in multi-billion economic loss, suggests the Singapore Institute of International Affairs (SIIA). In its Haze Outlook 2026 report, the SIIA issued a “red” alert which indica ...
3 hours ago
Exclusive-Japan plans to better manage war chest for yen intervention, draft report shows
TOKYO, June 24 : Japan's government plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, a war chest for future yen intervention, according to a draft growth strategy report reviewed by Reuters on Wednesday. The plans reflect the government's desire t ...
3 hours ago
Bank of Korea says higher rates needed amid housing, debt risks
The central bank also flags rising credit risks among vulnerable borrowers and businesses
3 hours ago
South Korea’s central bank says higher rates needed amid housing, debt risks
The central bank also flags rising credit risks among vulnerable borrowers and businesses
3 hours ago
Malaysia to ramp up support for ringgit as foreign outflows, Fed rate outlook weigh
June 24 : Malaysia's central bank said on Wednesday it would step up efforts to support the ringgit, including measures to attract foreign funds and encourage state-linked firms and companies to repatriate overseas earnings.Bank Negara Malaysia said its Financial Markets Committee, which met to ...
3 hours ago
Meta launches cheaper range of AI smart glasses starting at $299
The Facebook parent has invested billions of US dollars in its pursuit of ‘personal intelligence’
4 hours ago
Samsung Electronics plans 90 trillion won share buyback
The memory-chip maker will soon announce details on the plan
4 hours ago
Cisco, Digital Defence Alliance Singapore launch a three-year AI and cybsecurity training push
Nurdianah Md Nur - Cisco and the Digital Defence Alliance Singapore (DDAS) have signed a three-year memorandum of understanding to develop artificial intelligence (AI) and cybersecurity training for youths and working professionals. The training programmes will provide practical, applied learning opportunities in Sing ...
4 hours ago
Tesla holders bet on SpaceX merger as Elon Musk’s real endgame
SpaceX manufactures and launches rockets and satellites and has ambitions to send a man to Mars
4 hours ago
Asia-Pac building boom under strain with supply chain shocks, labour crunch and power constraints: report
Ry-Anne Lim - Delivery is now most pressing challenge, as Middle East conflict pushes global supply chain risk to its highest since 2022
4 hours ago
Supply chain shocks, labour and power constraints weighing on Apac building boom: report
Ry-Anne Lim - Delivery is now most pressing challenge, as Middle East conflict pushes global supply chain risk to its highest since 2022
4 hours ago
Supply chain shocks, labour and power constraints weighing on Apac building boom: consultant
Ry-Anne Lim - Delivery is now most pressing challenge, as Middle East conflict pushes global supply chain risk to its highest since 2022
4 hours ago
Airbus to inspect 16 A380s after cracks found on plane wings
The cracks appeared in a structural beam that runs along the wing and carries much of the aerodynamic load during flight.
4 hours ago
Bank of Korea board member raises concerns about house prices, leveraged stock investments
SEOUL, June 24 : A board member of the Bank of Korea, Hwang Kun-il, said the central bank would more closely monitor financial stability risks such as household debt and leveraged stock investments.Here are some details: • "There are worries about household debt growth rising again as house p ...
4 hours ago
Dollar hits 13-month high as rate-hike bets, stock rout boost demand
HONG KONG, June 24 : The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday, as investors sought shelter from a tech stock selloff and prepared for rate hikes from the Federal Reserve. Stock market volatility continued after a broad selloff of ...
4 hours ago
Dollar at 13-month high as rate hike bets, stock rout boost demand
HONG KONG, June 24 : The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes. A broad sell-off in technology and semiconductor shares has dragged global st ...
4 hours ago
Japan May services producer prices rise 3.3% y/y on soaring fuel costs
TOKYO, June 24 : Japan's services producer price index in May rose 3.3 per cent from a year earlier, central bank data showed on Wednesday, a sign of broadening inflationary pressure that will keep alive market expectations of further interest rate hikes.The annual rise in the index, which trac ...
4 hours ago
Asian stocks wobble after tech-led selloff, volatility risk highlighted
South Korean shares, which plunged 10 per cent on Tuesday in their sharpest one-day drop since March, jumped 2.2 per cent, while Japan's Nikkei was swinging between gains and losses, last down 0.8 per cent.
5 hours ago
Samsung Electronics plans $59 billion share buyback, Yonhap reports
SEOUL, June 24 : Samsung Electronics plans a share buyback programme worth about 90 trillion won ($58.61 billion) after agreeing to give stock bonuses to employees in recent wage talks, the Yonhap News Agency reported on Wednesday, sending shares of the South Korean chip giant up more than 6 per cen ...
5 hours ago
Samsung Electronics plans 90 trln won share buyback, Yonhap reports
SEOUL, June 24 : Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion) after agreeing to give a bonus in stock to employees following recent wage talks, the Yonhap News Agency reported on Wednesday. The memory-chip maker will soon announce details on the plan, Yo ...
5 hours ago
Ship insurers set for major claims from Iran War, Allianz says
Vessels and cargo with a US$125 billion combined value were trapped in the Persian Gulf as of Jun 15, insurer estimates
5 hours ago
GameStop CEO drops US$35 billion pay plan to focus on eBay bid
The video-game retailer will release additional materials regarding its proposed buyout of eBay this week
5 hours ago
South Korea's KOSPI surges 4.1% as chip stocks recover
The KOSPI gained more than 330 points moments after trading began on Wednesday (Jun 24), instantly recouping a massive chunk of the losses from a nearly 10 per cent plunge a day earlier.
5 hours ago
KOSPI bounces as Asian markets look to recover from rout
Investors tentatively got back on the horse in Seoul as they picked up the pieces following a 10 per cent collapse in the KOSPI on Tuesday, which was led by 12 per cent losses in chip giants and market heavyweights SK Hynix and Samsung.
5 hours ago
Asian stocks rise after chip-fuelled global sell-off
The MSCI Asia-Pacific Index is up 0.8% after slumping 3.6% on Tuesday, the most since early March
5 hours ago
Asian stock rebound loses steam as TSMC declines
The MSCI Asia-Pacific Index edges lower after rising nearly 1% earlier