6 hours ago
Shares of oil player Rex International fall 22.3% on auditor’s going concern doubts
Shikhar Gupta - The group records net loss of US$152.7 million for 2025
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Shares of oil player Rex International fall 20% on auditor’s going concern doubts
Shikhar Gupta - The group has a net loss of US$152.7 million for 2025
6 hours ago
OCBC's Lim upgrades CLCT to 'hold' on expected yield-based returns of more than 8%
The Edge Singapore - Ada Lim of OCBC Group Research has on March 23 upgraded her call for CapitaLand China Trust from "sell" to "hold", with an updated view that at current levels, this REIT should enjoy support from its FY2026 distribution yield of 7.6%. Since her previous note on Feb 5 where she do ...
6 hours ago
Gold extends gains as reports of Iran war talks offer respite
Elevated energy prices resulting from the conflict have raised the risk of inflation, leading investors to bet on higher interest rates
6 hours ago
Philippines says grounding planes a ‘distinct possibility’
The country relies heavily on imported crude, much of it sourced from the Middle East
6 hours ago
Oil prices drop more than 5% after Trump sends peace plan
TOKYO: Brent crude oil, the global market benchmark, dropped close to 6 per cent on Wednesday (Mar 25) after reports that US President Donald Trump sent a peace plan to Iran.At around 12.30am GMT, a bar
6 hours ago
SpaceX aims to file for IPO as soon as this week, The Information reports
March 24 : SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week, The Information reported on Tuesday, citing a person with direct knowledge of the plans.Advisers involved in the preparation predict the company could try to raise more than $75 b ...
7 hours ago
Stocks to watch: Singapore Airlines, CapitaLand Ascendas Reit, F&N
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 25):
7 hours ago
China’s US$1.6 trillion fund rekindles ties with US money managers
As tensions between the superpowers thaw, China Investment Corporation has held talks in recent weeks with firms
7 hours ago
CK Hutchison unit says Panama arbitration claim now tops $2 billion
PANAMA CITY, March 24 : A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion.Panama Ports Company, which for nearly three decades operated the Balboa and Crist ...
7 hours ago
BYD’s ‘God’s Eye’ flaws expose risk of rush into high-tech cars
The feature appears to fall short on its celestial promise
7 hours ago
US Fed’s Goolsbee says inflation progress needed to cut rates this year, PBS reports
US inflation has been above target for five years now
7 hours ago
Openreach taps Google AI to speed fibre rollout, cut emissions
LONDON, March 25 : Openreach has expanded its partnership with Google Cloud to use artificial intelligence to speed up fibre broadband construction and cut emissions from one of Britain's largest commercial vehicle fleets, the BT-owned network operator said on Wednesday.Openreach, which runs th ...
8 hours ago
Anduril, Palantir developing Golden Dome missile shield's software, source says
March 24 : Anduril and Palantir Technologies are working together to develop software for U.S. President Donald Trump's Golden Dome antimissile shield initiative, a source familiar with the matter said on Tuesday.The $185 billion Golden Dome missile defense project aims to build a space-based s ...
8 hours ago
US oil prices fall on prospect of Middle East ceasefire easing supply disruption
TOKYO, March 25 : U.S. crude futures fell about 4 per cent in early trade on Wednesday on the prospect of a possible ceasefire easing disruption to global oil supply, following reports that Washington had sent Tehran a 15-point plan to end the war in the Middle East.U.S. West Texas Intermediate (WTI ...
8 hours ago
US sees 'possibility of diplomacy' with Iran as war costs rise
By Jennifer A. Dlouhy, Courtney Subramanian and Jen Judson / Bloomberg - President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations he has claimed are ongoing to end a 25-day conflict that’s upended global markets, even while he deploys more troops to the Middle East. Trump wouldn’t detail the gift, “worth a tremen ...
8 hours ago
SK Hynix files confidentiality for 2026 US listing
SEOUL, March 25 : South Korea's SK Hynix said on Wednesday it has submitted a confidential filing to the U.S. Securities and Exchange Commission for a possible listing of American depository receipts in 2026."While we aim to complete the listing within 2026, specific details - such as the ...
8 hours ago
SK Hynix files for US listing that source says could raise up to $14 billion
SEOUL, March 25 : South Korean chipmaker SK Hynix announced on Wednesday it made a confidential filing for a U.S. listing in 2026, which a source said could raise as much as $14 billion.SK Hynix plans to list about 2 per cent to 3 per cent of its total shares and hopes to use the funds to help finan ...
8 hours ago
Meta ordered to pay US$375 million in New Mexico trial over child exploitation, user safety claims
The company has denied the allegations
8 hours ago
Emergency extinguisher full or empty? Crunch time for Asean’s fuel pact
Anita Gabriel - This energy crisis will test whether the bloc’s emergency fuel-sharing pact is a gentleman’s agreement in disappearing ink
8 hours ago
OpenClaw’s rapid rise exposes ‘shadow AI’ risks in Singapore firms
Young Zhan Heng - The tool’s intrusive nature makes it unsuitable for use at an enterprise level, industry experts say
9 hours ago
Iran tells UN: ‘non-hostile’ ships can transit Strait of Hormuz
The war has all but halted shipments of about one-fifth of the world’s oil and LNG through the strait
9 hours ago
Arm to sell its own chips, eyeing sales goal of US$15 billion
Taiwan Semiconductor Manufacturing Company will produce the chips
9 hours ago
European stocks end choppy session higher as investors weigh Middle East risks
EUROPEAN shares settled higher after a choppy session on Tuesday, as investors weighed hopes of de-escalation in the Middle East war against...
9 hours ago
Oil rises as supply disruption persists and Iran denies talks with US
[NEW YORK] Oil rallied on Tuesday as the biggest crude supply disruption persisted and Iran denied it held talks with the United States...
9 hours ago
Oil prices drop on prospect of Middle East ceasefire easing supply disruption
[NEW YORK] Oil prices fell around 4 per cent on Wednesday on the prospect of a possible ceasefire easing supply disruptions from...
9 hours ago
Global energy crisis deepens; efforts to plug supply gap fall short, industry executives warn
HOUSTON, March 24 : The global energy crisis is deepening as emergency measures by governments worldwide have fallen short of plugging the huge shortfall in oil and gas supply caused by the U.S.-Israeli war on Iran, executives and oil ministers said on Tuesday.Costs for energy, fertilizers and petro ...
10 hours ago
US stocks: Wall Street indexes fall on worries about Middle East war, interest rates
WALL Street indexes lost ground in Tuesday’s volatile session as investors swayed between fears of rising oil prices and hopes for a...
10 hours ago
Baltimore sues Elon Musk's xAI over Grok sexual 'deepfakes'
March 24 : The city of Baltimore sued Elon Musk’s xAI on Tuesday, claiming its Grok chatbot illegally generates nonconsensual sexually explicit images, including of children.Baltimore, with a population of about 568,000, is the largest city to sue xAI over "deepfakes" attributed to Grok, ...
10 hours ago
Singapore will stick to rules-based trade principles, even if unfavourable in short term: DPM Gan
Tessa Oh - He says negotiations with the US to secure a better trade deal are ongoing
10 hours ago
Don’t ditch long-term internationalisation strategy amid global uncertainty, DPM Gan urges Singapore firms
Tessa Oh - He is speaking ahead of a trip to Germany, where he will meet business associations and companies
10 hours ago
Meta ordered to pay $375 million in New Mexico trial over child exploitation, user safety claims
March 24 : A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.The jury f ...
10 hours ago
Jury orders Meta to pay $375 million in New Mexico lawsuit over child sexual exploitation, user safety
March 24 : A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.The jury f ...
10 hours ago
Meta ordered to pay US$375 million over child safety violations in landmark trial
A New Mexico jury determined Tuesday (Mar 24) that Meta knowingly harmed children’s mental health and concealed what it knew about child sexual exploitation on its social media platforms, a verdict that signals a changing tide against tech companies and the government's willingness to crack d ...