5 hours ago
Coupang CEO resigns over historic South Korean data breach
The company faces a potential fine of up to one trillion won
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
Singapore stocks close flat ahead of Fed interest rate decision
Benjamin Cher - The STI ends the day flat; the iEdge Singapore Next 50 Index is 0.1% lower
5 hours ago
Singapore stocks inch down ahead of Fed policy decision
Benjamin Cher - The STI ends the day flat; the iEdge Singapore Next 50 Index is 0.1% lower
5 hours ago
ComfortDelGro obtains M1 AV licences for Punggol trial
Felicia Tan - ComfortDelGro has obtained the Milestone testing regime level 1 (M1) license for autonomous vehicles (AVs) on public roads, says the company on Dec 10. The license will enable CDG’s AVs to be able to conduct trials for its Punggol route. CDG, on Sept 20, said its autonomous shuttle service, Zig Dr ...
5 hours ago
Another Chinese rare earth producer obtains streamlined licence for magnet exports
BEIJING, Dec 10 : Ningbo Jintian said on Wednesday it had obtained a streamlined licence to export rare earth magnet products.The new general licences are designed to allow more exports under year-long permits for individual customers, Reuters reported in early November.Reuters reported last week th ...
5 hours ago
12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC
Lee U-Wen - The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable
5 hours ago
HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill
5 hours ago
Wingtech invites Nexperia custodians to Beijing for talks on control of the company - source
AMSTERDAM, Dec 10 : Wingtech, the Chinese parent company of Netherlands-based chipmaker Nexperia, has invited the court-appointed custodians of its Dutch unit to Beijing for talks on control of the company, a source familiar with the dispute said on Wednesday.A spokesperson for Nexperia BV confirme ...
5 hours ago
Wingtech invites Nexperia custodians to talks on control of the company
AMSTERDAM: Wingtech, the Chinese parent company of Netherlands-based chipmaker Nexperia, said on Wednesday (Dec 10) it has invited the court-appointed custodians of the Dutch firm for talks on control of the company, a possible first step toward easing relations.Nexperia's European arm has
5 hours ago
Nintendo sheds US$14 billion value after chip squeeze fears grow
The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console
5 hours ago
US dollar edges down vs euro and yen before Fed policy meeting
Dec 10 : The U.S. dollar edged down versus the euro and the yen on Wednesday as investors awaited the Federal Reserve policy meeting later in the day which is expected to deliver a so-called hawkish rate cut.Investors expect Chair Jerome Powell to provide some sort of restrictive guidance after anno ...
5 hours ago
Yen edges up after three-day losing streak, Fed meeting in focus
Dec 10 : The yen was set to snap a three-day losing streak on Wednesday after being pressured by wide interest rate differentials between Japan and the rest of the world even as its central bank is widely expected to tighten policy next week.The dollar dropped slightly ahead of a Federal Reserve de ...
5 hours ago
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside
Shikhar Gupta - They name a few buy-rated stocks, and expect core CBD rents to rise
5 hours ago
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely positioned’ to tap rental upside
Shikhar Gupta - They name a few buy-rated stocks, expecting core CBD rents to rise
6 hours ago
US plans to mandate social media checks for visa-free visitors
The plan is the latest in a series of measures from the Trump administration aimed at restricting entry
6 hours ago
Intel loses challenge against EU antitrust ruling but wins reduced fine
BRUSSELS, Dec 10 : U.S. chipmaker Intel lost its challenge against a 376 million euros ($438 million) EU antitrust fine imposed two years ago for thwarting rivals but gained some solace as Europe's second-highest court slashed the penalty by a third on Wednesday.The European Commission, which a ...
6 hours ago
EU court cuts Intel's EU antitrust fine
BRUSSELS, Dec 10 : Europe's second-highest court on Wednesday rejected U.S. chipmaker Intel's challenge against a 376 million euros ($438 million) EU antitrust fine imposed two years ago for thwarting rivals, but cut the fine by 140 million euros."An amount of 237,105,540 euros is a m ...
6 hours ago
Indonesia pushes back on Bali’s plan to ban Airbnb rentals
Regulators will instead encourage owners of villas and guest houses to get proper licences
6 hours ago
South Korea to require advertisers to label AI-generated ads
SEOUL: South Korea will require advertisers to label their ads made with artificial intelligence technologies from next year as it seeks to curb a surge of deceptive promotions featuring fabricated experts or deep-faked celebrities endorsing food or pharmaceutical products on social media.Following ...
6 hours ago
Asian utilities slow to confront climate risk
Kenneth Lim - ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report...
7 hours ago
Nvidia builds location verification tech that could help fight chip smuggling
The feature will first be made available on the latest ‘Blackwell’ chips
8 hours ago
Elliott heaps pressure on Toyota with 5% stake in group firm slated for buyout
TOKYO, Dec 10 : Elliott Investment Management has lifted its stake in Toyota Industries to 5.01 per cent, further increasing pressure on automotive giant Toyota Motor, which plans to buy out the forklift manufacturer, a key group firm.The U.S. activist investor, which spent 268 billion yen ($1.7 bil ...
8 hours ago
Activist investor Elliott takes 5% stake in Toyota Industries, filing shows
TOKYO, Dec 10 : Activist investor Elliott Investment Management has taken a 5.01 per cent stake for 268 billion yen ($1.71 billion) in Toyota Industries, a group firm that Toyota Motor is hoping to buy out, a regulatory filing showed on Wednesday.Elliott said last month that the automaker's pro ...
8 hours ago
Bank of Korea board member says 'can't sit and do nothing' about a weaker won
SEOUL, Dec 10 : A board member of South Korea's central bank said on Wednesday foreign exchange authorities need to take action to curb the won's decline against the dollar, as it may reignite inflationary pressure and weaken retail purchasing power."As forex authorities, we can' ...
8 hours ago
Former Law Society leaders call for EGM to protest election of new president
The society has about 6,400 members
8 hours ago
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion
8 hours ago
Coupang CEO resigns after online retailer hit by massive data breach
SEOUL: South Korea's biggest online retailer Coupang said on Wednesday (Dec 10) that CEO Park Dae-jun has resigned, taking responsibility for a huge data breach at the company that has triggered a growing backlash in Asia's fourth-largest economy.Coupang "deeply apologises for causing ...
9 hours ago
China's deflationary strains persist even as consumer inflation hits 21-month high
BEIJING: China's annual consumer inflation accelerated to a 21-month peak in November, mainly driven by food prices, while factory-gate deflation deepened, with underlying trends suggesting domestic demand remains weak and unlikely to recover in the near term.The US$19 trillion economy is on co ...
9 hours ago
Amazon says it will invest $35 billion in India by 2030 on AI, exports
Major US tech firms’ pledges in the country underscore its emergence as a hub for cloud, AI and deep-tech growth
9 hours ago
Amazon to invest over US$35 billion in India on AI, exports
Major US tech firms have poured billions of US dollars into India this year
9 hours ago
Amazon announces US$35 billion investment in India
Major US tech firms have poured billions of US dollars into the country this year
9 hours ago
Olam unit bags US$1.12 billion dual currency loan facility
Chloe Lim - It will be used to refinance ofi’s existing loans and for general corporate purposes
9 hours ago
Olam Group says unit secures US$1.12 billion dual currency loan
Ofi was created in early 2020 following a re-organisation of Olam
9 hours ago
Amazon to invest over $35 billion in India on AI, exports
Dec 10 : Amazon plans to invest more than $35 billion in India by 2030 to expand its operations by boosting artificial intelligence capabilities and increasing exports, the U.S. e-commerce giant said on Wednesday, as global tech firms deepen their presence in Asia's third-largest economy.Major ...