6 hours ago
Saudi Aramco cuts oil supply to Asia for second month in April
Saudi Arabia has exported 4.355 million barrels per day of crude so far in March
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
DBS downgrades Singtel to ‘hold’ with Bharti’s share price easing
Nurdianah Md Nur - DBS Group Research analyst Sachin Mittal has downgraded Singapore Telecommunications (Singtel) to “hold”, citing limited upside after a sharp re-rating. He has lowered his target price to $5.36 from $5.71 previously. Over the past 12 months, Singtel’s share price has risen more than 51%, with ...
6 hours ago
Japan considers cutting inflation-linked bond buybacks as demand rises: sources
Since restarting issuance, the government has sought to nurture the market by guaranteeing principal and continuing with its buybacks
7 hours ago
Sinopec flags chemicals spending cut as profit pressure mounts
China’s massive oil reserves have given the world’s largest oil importer some breathing space to deal with the Middle East war
7 hours ago
Exclusive-Japan considers cutting inflation-linked bond buybacks as demand rises, sources say
TOKYO, March 23 : Japan is considering a reduction in buybacks of inflation-linked government bonds as investor demand swells amid rising inflation expectations, two sources familiar with the matter said on Monday.In late January, market-based inflation expectations, measured by the break-even infla ...
7 hours ago
Xpeng shares decline as revenue forecast misses estimates
The company expects sales of 12.2 billion yuan to 13.3 billion yuan during the first three months of this year
7 hours ago
South Korea's LG Chem shuts down No. 2 ethylene plant at Yeosu complex
SEOUL, March 23 : South Korea's LG Chem has temporarily shut down the No. 2 naphtha cracker at its Yeosu complex due to disruptions in supplies linked to the war in Iran, the company said in a regulatory filing on Monday. LG Chem said the temporary halt was caused by difficulties in securing na ...
7 hours ago
LG Chem plans to shut down its no. 2 ethylene plant soon, source says
SEOUL, March 23 : South Korea's LG Chem plans to shut down its no. 2 ethylene plant soon, a person familiar with the matter told Reuters on Monday, due to soaring prices of naphtha amid the Iran war.The plant is located in the Yeosu industrial complex and has an annual capacity of 800,000 metri ...
7 hours ago
Kpop agency HYBE shares drop after boyband BTS comeback concert
[SEOUL] Shares of Kpop agency HYBE fell 14.5 per cent to a four-month low on Monday after a weaker-than-expected turnout at its...
7 hours ago
VPBank seeks US$1.2 billion in one of Vietnam’s largest ESG deals
The Hanoi-based firm has mandated more than a dozen banks to underwrite the three-year facility, according to sources
8 hours ago
Australian shares drop to 10-month low as traders gauge Middle East jitters
AUSTRALIAN shares fell to a more than a 10-month low, with banks and heavyweight miners leading declines, as uncertainty over the Middle...
8 hours ago
Lendlease REIT units drop after preferential offering not fully taken up
The Edge Singapore - Lendlease Global Commercial REIT units dropped after its preferential offering of $196.6 million was not fully taken up. As at 9.57 am, Lendlease REIT units dropped 3.48% to 55.5 cents. It is the fourth most heavily traded counter thus far today. According to Lendlease REIT, it received total applic ...
8 hours ago
Co-living operator The Assembly Place to convert 11-storey 163 Tras Street into 152-room hotel
Jovi Ho - Catalist-listed co-living operator The Assembly Place has completed its acquisition of 163 Tras Street, an 11-storey freehold commercial building formerly known as Lian Huat Building. The Assembly Place intends to convert the property into a 152-room hotel. According to a March 23 announcement, prov ...
8 hours ago
Taiwan's ASE to invest $12 mil in AEM via placement at $3.591 each
The Edge Singapore - Taiwan chip tester ASE Technology Holding is investing $12 million in AEM Holdings via a placement of 3.35 million shares at $3.591 each, as part of a broader collaboration to jointly capture the fast-growing market for AI and high performance computing, or HPC. AEM shares, as at 9.33 am, dropped 5. ...
8 hours ago
STI down 2.5% as Asia markets drop on Trump, Iran threats; gold wipes out gains this year
Shikhar Gupta - US president says America will ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
8 hours ago
STI down 2.5% as Asia markets drop on Trump, Iran threats; gold briefly dips below US$4,100
Shikhar Gupta - US president says America will ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
8 hours ago
STI down 2.1% as Asia markets drop on Trump, Iran threats; gold slumps to 3-month low
Shikhar Gupta - US president says America will ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
8 hours ago
STI down 2.1% as Asia markets drop on Trump, Iran threats; gold slumps to 4-month low
Shikhar Gupta - He says the US would ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
8 hours ago
STI falls 2.1%, Nikkei down 5% as Asia markets decline on Trump, Iran threats
Shikhar Gupta - He says the US would ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
8 hours ago
STI falls 2.1%, Nikkei drops over 4% as Asia markets decline on Trump, Iran threats
Shikhar Gupta - Trump says the US would ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
8 hours ago
Global LNG exports fall to six-month low on Iran conflict
The drop is primarily from Qatar, and to a lesser extent the United Arab Emirates, the data shows
9 hours ago
Malaysia, Singapore equities hit the least since Middle East conflict erupted, defying regional gloom
Evan See - Malaysia’s Petronas Chemicals is the region’s top gainer, with shares up over 80% since the war began
9 hours ago
Malaysia, Singapore equities hold up since Middle East conflict erupted, defying regional gloom
Evan See - Malaysia’s Petronas Chemicals is the region’s top gainer, with shares up over 80% since the war began
9 hours ago
Nikkei falls 4% on fears of inflation, higher rates from Iran war
[TOKYO] Japan’s Nikkei share average fell 4 per cent on Monday as concerns about escalation of the Middle East war stoked inflation...
9 hours ago
Japan’s Nikkei, bonds hit multi-month lows on war-driven inflation fears
[TOKYO] Japan’s stocks and bonds sank to multi-months lows on Monday as an escalation in the Middle East war stoked inflation fears...
9 hours ago
Japan's top currency diplomat alert to forex volatility linked to speculative oil trade
TOKYO, March 23 : Japan's top currency diplomat Atsushi Mimura said on Monday that the government is prepared to take all measures to tackle volatility in foreign exchange markets, cautioning that speculative trade on oil futures could be impacting currencies."There are some views that spe ...
9 hours ago
Gold whipsaws after worst week in 40 years as war risks mount
Bullion’s 14-day relative-strength index extended a fall below 30
9 hours ago
Gold plunges as much as 8.8% as Middle East war deepens inflation fears
Gold’s choppy session mirrors the broader market, with crude fluctuating near mid-2022 highs
9 hours ago
Gold and silver tumble as Middle East war deepens inflation fears
Gold’s choppy session mirrors the broader market, with crude fluctuating near mid-2022 highs
9 hours ago
Lendlease Reit preferential offering undersubscribed with 62.2% take-up
Shikhar Gupta - Underwriters DBS, OCBC, UOB to absorb around S$74.3 million worth of stock
9 hours ago
Lendlease Global Commercial Reit preferential offering only 62.2% subscribed
Shikhar Gupta - Underwriters DBS, OCBC, UOB will have to absorb around S$74.3 million worth of stock
9 hours ago
Meta’s Zuckerberg developing AI agent to help with his CEO duties, WSJ reports
META chief executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported on...
9 hours ago
Stocks to watch: Mapletree Logistics Trust, Lendlease Global Commercial Reit, AEM
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Mar 23):
9 hours ago
Mapletree Logistics Trust to acquire Mumbai warehouse for S$53.6 million
Deon Loke - The move expands the trust’s reach in India beyond Pune and Delhi to a new market in Mumbai