14 minutes ago
Nomura hires FX traders in Asia on bet high volatility to drive demand
Demand for the debt has been growing as global asset managers increase allocations
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
39 minutes ago
Asian banks pause Gulf lending drive on mounting risks from war
Some banks from Japan, Greater China and Singapore are also reviewing their pipelines and existing exposures
51 minutes ago
Anthropic seeks court stay of Pentagon supply-chain risk designation
March 12 : Anthropic asked a U.S. appeals court on Wednesday for a stay of the Pentagon's designation of the company as a supply-chain risk under a broader law, pending judicial review of the case.In a filing with the U.S. Appeals for the D.C. Circuit, Anthropic said the Pentagon's decisio ...
1 hour ago
MUFG, State Bank of India sign pact to boost cross border deals
In addition to mergers, the partnership will focus on sectors including aviation and real estate finance
1 hour ago
‘Stealth’ Pokemon hit boosts Nintendo Switch 2 momentum sentiment
[TOKYO] Nintendo said on Thursday (Mar 12) it has sold more than 2.2 million copies of Pokemon Pokopia in the four days...
1 hour ago
Asia’s LNG buyers hunker down for Middle East war lasting months
Although prices have pulled back from a peak of about US$25 last week, they are still 80% higher than before the conflict...
2 hours ago
Allianz, Sun Life are said to weigh bids for HSBC Life Singapore
Considerations are ongoing and the companies might decide not to proceed, while other bidders could also emerge, according to sources
2 hours ago
Fuel switch incident, surging fuel prices put Air India’s turnaround under fresh test
Rising fuel costs amid escalating Middle East tensions are compounding its challenges
2 hours ago
US to release 172 million barrels of oil for IEA relief plan
Crude, petrol, diesel and jet fuel prices have climbed dramatically since the US and Israel began their military campaign against Iran on...
2 hours ago
US dollar hovers near 2026 highs as oil’s rise spurs hawkish central bank bets
Oil prices are expected to remain volatile
2 hours ago
US opens new unfair-trade probes to rebuild Trump's tariff pressure
Singapore is among the US' trading partners subject to the excess capacity probe. The US said it found that Singapore had excess global capacity in semiconductors despite a trade deficit.
3 hours ago
Taiwan fund assets expected to rise to T$30 trillion: industry executive
TAIPEI, March 12 : Taiwan’s investment fund industry is on the verge of an aggressive expansion, with total onshore and offshore assets under management (AUM) expected to surge to T$30 trillion ($968 billion) within the next three years, the chairman of Taiwan's investment fund industry assoc ...
3 hours ago
Samsung Display CEO warns of cost pressure due to oil shock from Iran war
SEOUL, March 12 : The CEO of Samsung Display, a supplier for Apple and Samsung Electronics, said on Thursday the Iran war and surging oil prices threaten to drive up costs of energy and raw materials. Samsung Display President & CEO Chung Yi said rapidly rising oil prices are adding to the tech ...
3 hours ago
Mapletree acquires Dutch logistics asset, divests 25-asset US East Coast portfolio
Felicia Tan - Mapletree Investments has acquired Park 15, a newly completed 30,817 sqm (about 331,711 sq ft) logistics development in the Arnhem-Nijmegen metropolitan area in Oosterhout (Gelderland), the Netherlands. The group entered into the forward purchase agreement with VDG Real Estate for Park 15 in January ...
3 hours ago
PayPay, SoftBank raise US$879.8 million in payments firm’s US IPO
As at December, the number of digital payment users exceeds 72 million in a country of roughly 123 million
3 hours ago
Nissan, Uber, Wayve unveil robotaxi tie-up
The vehicles will operate on Uber’s platform in the initial phase, with a trained safety driver in the cars
3 hours ago
Revolut gets full UK banking licence after years-long wait
The London-based financial services firm will now take on Britain’s incumbent banks
4 hours ago
Singapore court raises damages payout for investors burned by Do Kwon’s Terraform collapse
Tessa Oh - But it upholds ruling that those who held TerraUSD past May 12, 2022, were speculating and not relying on misrepresentations
4 hours ago
JPMorgan says hedge funds hit by worst drawdown since April
HEDGE funds are experiencing the biggest drawdown since the Liberation Day tariff turmoil, as unwinds in crowded trades punish the fast-money cohort,...
4 hours ago
Gold falls as traders weigh fading rate-cut bets and rising oil
Now entering its 13th day, the US-Israeli war with Iran continues to disrupt oil production and refining across the Middle East
4 hours ago
'Stealth' Pokemon hit boosts Nintendo Switch 2 momentum sentiment
TOKYO, March 12 : Nintendo said on Thursday it has sold more than 2.2 million copies of "Pokemon Pokopia" in the four days since launch as the game's popularity helps offset fear about Switch 2 sales momentum.Industry observers have fretted that the Switch 2 lacks high-profile games t ...
4 hours ago
Private credit exodus forces caps at Cliffwater, Morgan Stanley
Private credit funds focused on retail investors are typically required to offer quarterly repurchases of their shares
4 hours ago
SGX’s February performance hits highest securities daily average value in six years
Deon Loke - The local bourse’s SDAV surges 45% on the year to S$2.1 billion
4 hours ago
SGX’s February performance hit highest securities daily average value in six years
Deon Loke - The local bourse’s SDAV surges 45 per cent year on year to S$2.1 billion
4 hours ago
Atlassian CEO cites AI shift when announcing plan to shed 1,600 jobs
The company expects to incur about US$230 million in expenses such as severance costs due to the cuts
4 hours ago
Nissan, Uber, Wayve announce robotaxi tie-up
TOKYO, March 12 : Nissan Motor, Uber Technologies and British startup Wayve said on Thursday they will collaborate on the development of robotaxis.The companies said they will begin preparations for a pilot programme in Tokyo by late 2026 through which they plan to make a Nissan Leaf electric vehicl ...
5 hours ago
UK watchdogs press Meta, TikTok, Snap and YouTube to block children
[LONDON] Britain’s media and privacy regulators on Thursday demanded that major social media platforms do more to keep children off their services,...
5 hours ago
Qantas’ premium shift to Singapore: analysts weigh A380 strategy as US demand cools
Shikhar Gupta - Sydney to Singapore continues to justify high-capacity A380 deployment, says OAG’s regional sales director
5 hours ago
Oil up in Asian trade despite reserves release
Brent Crude was up 7.2 per cent at US$98.60 per barrel.
5 hours ago
Shares skid, oil surges again as Iran attacks Gulf shipping
SYDNEY: Shares fell in Asia on Thursday (Mar 12) as oil prices jumped on reports that more ships had been struck in the Strait of Hormuz and in Iraqi waters, fuelling inflation and pushing borrowing costs higher worldwide. US crude rose 7.5 per cent to US$93.80 a barrel, extending a rise of more tha ...
5 hours ago
Hong Kong watchdog launches probe into Guotai Junan, detains one employee
March 12 : Guotai Junan International said on Thursday Hong Kong's securities regulator has raided its principal place of business, seized certain documents and detained an employee.The financial services provider said that on March 10, the Securities and Futures Commission (SFC) and the Indepe ...
5 hours ago
Stocks to watch: Q&M Dental, Del Monte Pacific, RH Petrogas
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Mar 12):
5 hours ago
Apple’s foldable iPhone to feature iPad-like interface when opened
The back of the phone will include two rear cameras
6 hours ago
RHB bullish on DBS, OCBC, but expects more volatility in banking sector amid geopolitical tensions
Koh Kim Xuan - For UOB, there could still be ‘lingering concerns’ over its asset quality and provision buffers