5 hours ago
Gold steady as investors weigh Middle East risks ahead of Fed decision
The US central bank is widely expected to hold rates steady for a second straight meeting
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Apex court upholds lengthy jail terms for duo behind Singapore penny stocks crash
Frankie Ho - Convicted market manipulators John Soh Chee Wen and Quah Su-Ling have failed in their appeal for less jail time, after Singapore’s apex court upheld their original prison terms imposed in 2022 for orchestrating the country’s largest securities fraud. In a decision delivered on Wednesday (March 1 ...
6 hours ago
Elliott Management confirms stake in Japan shipper Mitsui OSK
March 18 : Elliott Investment Management said on Wednesday that it has a built a "significant" investment in Japanese shipping company Mitsui OSK Lines, confirming an earlier Reuters report.
6 hours ago
Malaysian ports eye rerouted cargo, even as Middle East tensions at Hormuz risk congestion
The country’s hubs also face competition from other transhipment centres in the region
6 hours ago
Malaysian ports eye rerouted cargo as Middle East tensions at Hormuz risk congestion
Still, the country’s hubs face congestion risks and competition from other transhipment centres in the region
6 hours ago
AMD CEO Lisa Su to visit Samsung chip plant in South Korea, discuss expanding ties, source says
SEOUL, March 18 : Advanced Micro Devices CEO Lisa Su is set to visit Samsung Electronics' chip production site in Pyeongtaek, South Korea on Wednesday, where she will tour production lines and discuss expanding cooperation beyond memory into foundry manufacturing, a source with knowledge of the ...
6 hours ago
Tencent seizes momentum in China agentic AI race against Alibaba
Investors are beginning to place bets on the outcome of that race
6 hours ago
Samsung CEO seeks multi-year chip contracts with major customers
SUWON, South Korea, March 18 : Samsung Electronics co-CEO said the chipmaker is working with major customers to shift to multi-year contracts of three-to-five years to shield them from potential demand fluctuations.Co-CEO Jun Young-hyun said the chip industry is entering an "unprecedented super ...
6 hours ago
Samsung CEO sees AI-driven chip boom continuing in 2026
SUWON, South Korea, March 18 : Samsung Electronics sees strong demand for chips continuing this year, driven by the artificial intelligence wave, but rising memory chip prices could hit computer and mobile shipments, its top executive said on Wednesday.Co-CEO Jun Young-hyun said it is working with k ...
6 hours ago
Samsung sees AI driving strong chip demand in 2026, executive says
SUWON, South Korea, March 18 : Samsung Electronics sees strong demand for chips continuing this year, driven by the global artificial intelligence wave, but rising memory chip prices could hit computer and mobile shipments, its top executive said on Wednesday. Jun Young-hyun, a Samsung Electronics v ...
6 hours ago
KKR, Bain Capital, others eye Tokyo Electric's capital alliance plan, Asahi reports
TOKYO, March 18 : Dozens of investment funds and companies, including KKR and Bain Capital, are showing interest in Tokyo Electric Power's capital alliance plan as part of its business turnaround, the Asahi newspaper reported on Wednesday. The utility giant, which began soliciting proposals in ...
7 hours ago
Elliott takes 'significant' stake in Japan shipper Mitsui OSK
TOKYO, March 18 : Elliott Investment Management has taken a "significant" stake in Mitsui OSK Lines, with two sources saying it is pushing the shipping company to improve shareholder returns and capital efficiency. The hedge fund is at the forefront of growing activist activity in Japan wh ...
7 hours ago
Exclusive-Elliott takes 'significant' stake in Japan shipper Mitsui OSK, sources say
TOKYO, March 18 : Elliott Investment Management has taken a "significant" stake in Mitsui OSK Lines and is pushing the shipping company to improve shareholder returns and capital efficiency, according to two sources familiar with the matter.The hedge fund believes Mitsui OSK should conduct ...
7 hours ago
AT1 bond market reopens with HSBC raising US$2.5 billion
The firm is the largest issuer of AT1s globally with more than US$23 billion of the deeply subordinated bonds outstanding
7 hours ago
Trump administration defends Anthropic blacklisting in US court
(Refiles to correct media story identifier to from USA-PENTAGON/USA)By Jack QueenNEW YORK, March 17 : The Trump administration said in a Tuesday court filing that the Pentagon’s blacklisting of Anthropic was justified and lawful, opposing the artificial intelligence lab’s high-stakes lawsuit cha ...
7 hours ago
Airline bookings surge as travellers rush to lock in fares
The global aviation industry has been thrown into disarray since the US and Israel began bombing Iran on Feb 28
7 hours ago
Olam unit bags 1.1 billion euro dual-tranche loan facility
Chloe Lim - Proceeds will be used for refinancing of ofi’s existing loans and general corporate purposes
7 hours ago
Stocks to watch: Singtel, Suntec Reit, ComfortDelGro, Marco Polo Marine, Olam
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 18):
7 hours ago
Marco Polo Marine unit wins NT$2.9 billion 15-year government charter contract in Taiwan
Chloe Lim - It involves the charter of one emergency tug boat or salvage vessel
7 hours ago
Marco Polo Marine unit bags NT$2.9 billion 15-year government charter contract in Taiwan
Chloe Lim - It involves the charter of one emergency tug boat or salvage vessel
7 hours ago
Dollar softens as a cooling oil rally lifts risk sentiment
TOKYO, March 18 : The U.S. dollar lost ground on Wednesday as easing crude oil prices allowed for a glimmer of risk appetite ahead of a slate of central bank policy meetings.The currency weakened against the yen which pulled back from levels where traders had braced for Japanese intervention, ahead ...
7 hours ago
Dollar steadies as oil rally cools, lifting risk sentiment
TOKYO, March 18 : The dollar took a breather on Wednesday as easing crude oil prices sparked a glimmer of risk appetite in the markets ahead of a slate of key central bank decisions.The yen remained shaky near levels that triggered concerns about Tokyo intervening in the markets ahead of Japanese Pr ...
7 hours ago
Dollar holds losses as risk appetite flickers ahead of central bank meetings
TOKYO, March 18 : The dollar held losses on Wednesday as a glimmer of risk appetite came back to markets ahead of a slate of key central bank decisions.The yen rallied from levels that conjured concerns of intervention in markets by Tokyo ahead of Japanese Prime Minister Sanae Takaichi's meetin ...
8 hours ago
With watchful eye on Iran war, crypto dodges UAE disruption
DUBAI, March 18 : Laia Fernández has been working as normal as a crypto marketing executive from her high-rise apartment in Dubai's gleaming downtown business district, even as occasional sounds of projectile interceptions act as reminders of the U.S.-Israeli war on Iran.While the conflict has ...
8 hours ago
Indonesia tightens rules on dollar-buying as war spurs outflows
The monetary authority also needs to closely monitor inflationary pressures
8 hours ago
Japan exports rise 4.2% in February from year earlier
TOKYO, March 18 : Japanese exports rose 4.2 per cent year-on-year in February, up for a sixth straight month, data from the Ministry of Finance showed on Wednesday. The result compared with a 1.6 per cent increase expected by economists in a Reuters poll.Imports grew 10.2 per cent in February from a ...
8 hours ago
Musk's motives are debated as Twitter shareholder trial nears end
SAN FRANCISCO, March 17 : A lawyer for former Twitter shareholders suing Elon Musk urged a federal jury on Tuesday to hold the world's richest person liable for driving down Twitter's stock price in 2022 by attempting to back out of or renegotiate his $44 billion purchase of the social med ...
8 hours ago
Prudential posts 12% rise in new business profit, flags US$7 billion shareholder returns
The company says that it now expects to return more than US$7 billion to shareholders over the 2024 to 2027 period
8 hours ago
Marco Polo Marine wins 15-year chartering contract in Taiwan worth $118 mil
The Edge Singapore - Marco Polo Marine has won a 15-year charter contract worth NT$2.948 billion, or $118 million in Taiwan. The contract was won from Taiwan's Marine Port Bureau via its indirect subsidiary, PKR Offshore Co, to provide one emergency tug boat or salvage vessel to support Taiwan's maritime. This ...
8 hours ago
Fintech lender SoFi disputes short seller Muddy Waters' report, considers legal action
8 hours ago
SoFi rejects short-seller Muddy Waters' report, considers legal action
March 17 : SoFi Technologies said on Tuesday that it will explore potential legal action against short seller Muddy Waters Research and called its report from earlier in the day "inaccurate and misleading."
8 hours ago
Top Japan firms offer big pay hikes, focus on Iran conflict ahead
TOKYO, March 18 : Major Japanese companies, including Toyota, offered big pay hikes in annual wage talks on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook.The ongoing wage talks have been largely insulate ...
8 hours ago
Top Japan firms set to offer big pay hikes, focus on Iran conflict ahead
TOKYO, March 18 : Many major companies are set to offer big pay hikes as they wrap up their annual wage talks with unions on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook.The ongoing wage talks have been ...
8 hours ago
Asian refiners scour the world for oil with Hormuz flows halted
Asia, which depends heavily on crude from producers in the Persian Gulf, faces the greatest exposure to the disruption