1 hour ago
White House’s Hassett criticises Powell for staying on at Fed
WHITE House National Economic Council Director Kevin Hassett criticised former Federal Reserve Chair Jerome Powell for staying on at the US central bank,...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 hours ago
Wall St opens higher after June jobs report eases rate-hike bets
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Jul 2) after a softer-than-expected employment report for June tempered expectations for...
4 hours ago
Italy's Intesa shifts core IT banking systems to Google's cloud technology
MILAN, July 2 : Italy's biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology. • Replacing existing core IT infrastructure, known as mainframes, with ...
4 hours ago
Singapore’s PMI edges up to 51.3 in June on AI-related tailwinds
Elysia Tan - Regional manufacturing performance is mixed in June
5 hours ago
Unclear if French musketeer d'Artagnan's bones were found, research shows
AMSTERDAM, July 2 : A skeleton found beneath a Maastricht church this year could not be conclusively identified as that of famed French musketeer Charles de Batz de Castelmore d'Artagnan, city authorities said on Thursday, with some findings raising fresh questions about the theory."For no ...
5 hours ago
Integrated Shield insurers post stronger results in 2025, but recovery may be fragile
Genevieve Cua - Industry margins are thin, and part of 2025’s performance likely came from the premium increases in September 2024
5 hours ago
Malaysia says JS-SEZ remains on track despite delay in master plan launch
Tan Ai Leng - Government adds that investments and project implementation continue despite the postponement
5 hours ago
Hong Kong’s assets under management grow to record US$5.38 trillion: survey
It has been considering waiving tax on fund managers’ performance bonuses to woo investment talent
6 hours ago
Hong Kong's assets under management grow to record $5.38 trillion, SFC survey shows
July 2 : Hong Kong's assets under management surged 20 per cent to a record HK$42.2 trillion ($5.38 trillion) in 2025, marking a third consecutive year of growth for the financial hub, according to a Securities and Futures Commission (SFC) survey.The jump was partly driven by a nearly threefold ...
6 hours ago
Airlines resume some Middle East flights but disruption continues
Many carriers are keeping suspensions in place
6 hours ago
Automakers tap America's 250th, World Cup to rev up patriotism
DETROIT, July 2 : U.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington. A promotion from Jeep-maker Stellanti ...
6 hours ago
Cathay Pacific to resume Middle East flights
HONG KONG: Hong Kong's flagship airline Cathay Pacific announced on Thursday (Jul 2) that it will resume flights to the Middle East, as the United States and Iran signal that efforts to end the war remain viable.
6 hours ago
Frasers Property said to be nearing deal for Cuppage Terrace
Kalpana Rashiwala - The price is expected to be between S$175 million and S$180 million
6 hours ago
IHH Healthcare partners some Integrated Shield insurers to rein in private hospital bills
Genevieve Cua - The services of iExchange as a third-party administrator has dampened bill size growth to the low single digits
6 hours ago
Cathay Pacific says to resume Middle East passenger services from September
BEIJING, July 2 : Hong Kong airline Cathay Pacific will resume its Middle East passenger flights starting from September, the carrier said on Thursday in a statement.• It said daily passenger flights to Dubai and four times weekly passenger flights to Riyadh will resume from September 1, and these ...
6 hours ago
Analysis:Britain's Paramount-Warner review may be aimed at commitments, not a veto
LONDON, July 2 : Britain's threat to intervene in the $110 billion Paramount-Warner deal could be less about blocking the transaction than extracting commitments on UK news, children's TV and investment, with the cost of any delay increasing the government's leverage.Culture minister ...
7 hours ago
Hong Kong Monetary Authority urges banks to drive global yuan adoption
[HONG KONG] Hong Kong Monetary Authority (HKMA) on Thursday (Jul 2) called on all banks to promote the cross-border use of the...
7 hours ago
Singapore stocks rise on Thursday amid mixed regional showing; STI up 1.1%
Across the broader market, gainers edge out losers 329 to 239
7 hours ago
EFTA successfully concludes free trade deal talks with Vietnam
ZURICH, July 2 : The European Free Trade Association said on Thursday it has successfully concluded negotiations with Vietnam on a free trade agreement, as its members seek to diversify commercial relations amid global tensions over tariffs.EFTA, whose members are Iceland, Liechtenstein, Norway and ...
7 hours ago
Penguin delivers composite superstructure to Singapore navy
Lin Daoyi - Penguin Shipyard International has completed and delivered the first of six composite superstructure (CSS) for the Republic of Singapore Navy's new Multi Role Combat Vessel (MRCV). Using Saab’s unique technology, the CSS is the largest built in Singapore and one of the largest in Asia. Saab s ...
8 hours ago
UK's Currys warns memory chip shortage will push up prices
LONDON, July 2 : Higher prices for smartphones, laptops and other electronics are inevitable later this year due to a global memory chip shortage, the boss of Currys, Britain's biggest consumer electricals retailer, warned on Thursday.Chief Executive Alex Baldock said AI and data centres were e ...
8 hours ago
Singapore targets stronger business competitiveness and value unlocking with listcos
Lin Daoyi - SGX-listed companies are getting a boost in sustainability reporting and capability building, with the local bourse teaming up with sustainability reporting solutions provider Gprnt to enhance SGX’s ESGenome digital disclosure portal. The partnership was announced on July 2 by Minister for Sustain ...
8 hours ago
India's Skyroot Aerospace readies country's first private orbital rocket launch
July 2 : Indian space startup Skyroot Aerospace said on Thursday it was preparing for the launch of its Vikram-1 rocket, the first attempt by an Indian private company to place a satellite in orbit.Founded by former Indian Space Research Organisation engineers, Skyroot is developing small rockets si ...
8 hours ago
Great Eastern expands wealth advisory as it deepens push into HNW market
Ranamita Chakraborty - The insurer is seeking to ensure advisers are equipped with expertise and technical proficiency
8 hours ago
Google loses fight against record US$4.95 billion EU antitrust fine
The ruling confirms Google Search’s abuse of a dominant position in the context of the Android operating system
9 hours ago
Chanel buys historic French shirtmaker Charvet, ending 188 years of independence
Chanel’s acquisition of the Paris maison gives the luxury group deeper access to menswear and brings the world’s first specialist shirt tailor into its stable of heritage brands.
9 hours ago
Japan’s yen jumps, traders alert to intervention risk
The yen has unwound all of its gains since Japan last intervened
9 hours ago
Saudi Aramco ramps up exports, switches to spot sales
It resumed loadings from Ras Tanura, the world’s largest oil port after a halt of nearly four months
9 hours ago
European shares slip as AI stocks weigh; US jobs data in focus
Europe’s lesser exposure to tech stocks helped limit its drag
9 hours ago
EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
BRUSSELS, July 2 : Europe's top court on Thursday dismissed Alphabet unit Google's fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals.The European Commission had originally handed out a €4.34 billio ...
9 hours ago
Google loses fight against record €4.1 billion EU antitrust fine
BRUSSELS, July 2 : Alphabet's Google on Thursday lost its fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals, a court ruling likely to boost Europe's crackdown on Big Tech.The European Commission had ...
10 hours ago
Japan government panel member calls for moderate BOJ rate hikes
He says delaying rate hikes can heighten inflation expectations and push up long-term interest rates
10 hours ago
Vietnam central bank says global risks complicate policymaking
The country is facing mounting inflationary pressure due to its exposure to the international economy
10 hours ago
China’s private refiners snap up Middle East oil as prices slide
Asian refiners are inundated with offers as shipments through Hormuz rise after an interim peace deal between US and Iran