14 hours ago
CapitaLand Development bets big on food with launch of Gourmet Xchange facility in Kallang
Ry-Anne Lim - The ‘unconventional’ hub should generate relatively stable returns, says CLD Singapore CEO Ronald Tay
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
'Plenty of oil' in market despite Mideast turmoil: IEA chief
BRUSSELS: International Energy Agency (IEA) chief Fatih Birol sought on Friday (Mar 6) to tamp down fears of a global oil crisis as conflict rages in the Middle East, saying there was "plenty of oil in the market."The
14 hours ago
Maritime insurance premiums surge as Iran conflict widens
War premiums spike costs for shippers, traders, and energy firms moving cargo through Hormuz
14 hours ago
Exclusive-Indonesia's 'cowboy' finance czar shrugs off investor alarm; 'I know what I'm doing'
JAKARTA, March 6 : Indonesia's tough-talking, pro-growth Finance Minister Purbaya Yudhi Sadewa says he and his unconventional policies, which have broken from the country's fiscally conservative approach, are at the centre of growing concerns about how the economy is being run.But he remai ...
15 hours ago
Stocks slide as soaring oil prices and US job losses rattle markets
NEW YORK/LONDON, March 6 : Stocks sank on Friday as the U.S.-Israeli war against Iran drove oil prices sharply higher, while an unexpected loss of U.S. jobs in February increased hopes for Federal Reserve rate cuts but did little to cheer investors worried about economic weakness. Trading was choppy ...
15 hours ago
Stocks slide as oil price fears, US jobs data rattle markets
LONDON, March 6 : U.S. futures and European stocks slid on Friday as the U.S.-Iran war drove oil prices to their highest level in almost two years, prompting traders to wind in their bets on interest rate cuts and fret about the impact on economic growth.Much weaker than expected U.S. jobs data, whi ...
15 hours ago
Stocks slide as Gulf oil supply fears rattle markets
LONDON, March 6 : European stocks and U.S. futures tumbled on Friday as the U.S.-Iran war drove fresh concerns about oil supplies, prompting traders to wind in their bets on interest rate cuts and fret about the impact on the global economy.Benchmark global and U.S. oil prices hit their highest leve ...
15 hours ago
Stocks fall as Gulf oil supply fears rattle markets
LONDON, March 6 : European stocks slipped along with U.S. futures on Friday as the U.S.-Iran war drove fresh concerns about oil supplies, prompting traders to rethink their expectations for central bank rate cuts.Benchmark global and U.S. oil prices hit their highest levels since mid-2024. U.S. Trea ...
15 hours ago
Japan may use part of national oil stockpile amid Iran war supply crisis, Kyodo reports
TOKYO, March 6 : The Japanese government is considering using part of its national oil reserves amid the ongoing Iran crisis that has disrupted global energy supplies, Kyodo news agency reported on Friday citing sources, and may do so in coordination with other countries or even on its own. Japan re ...
15 hours ago
Japan considers releasing national oil stockpile, Kyodo reports
TOKYO, March 6 : Japan is considering releasing its national oil reserves amid the ongoing Iran crisis that has disrupted global energy supplies, Kyodo news agency reported on Friday.Japan relies on the Middle East for around 95 per cent of its oil supplies with around 70 per cent coming via the Str ...
15 hours ago
Asia has limited options to diversify from Middle East energy reliance
Distance, refinery logistics, contracts and cost are factors
15 hours ago
SIA and Scoot extend cancellation of Middle East flights amid geopolitical tensions
Both airlines attribute the cancellations to ‘the geopolitical situation in the Middle East’
16 hours ago
Marvell Tech shares soar on bullish multi-year AI chip outlook
March 6 : Marvell Technology rose nearly 11 per cent in early trading on Friday, as its upbeat multi-year forecast underscored booming demand for custom AI chips from large technology companies.The jump could add more than $10 billion to the company's market value if gains hold.Marvell's s ...
16 hours ago
Marvell Tech shares rally on forecast for AI-chip growth
March 6 : Marvell Technology's shares surged nearly 12 per cent before the opening bell on Friday as investors bet on demand for its AI-focused custom chips and interconnect technologies following an upbeat long-term forecast.AI‑chip spending has accelerated industry-wide. Broadcom, a key sup ...
16 hours ago
Singapore stocks close flat on Friday amid cautious calm in Asian markets
Jude Chan - Straits Times Index is down 2.9% for the week
16 hours ago
Michael Kum raises stake in Marco Polo Marine to 5.77% after buying shares from Penguin International at 13 cents each
The Edge Singapore - Investor Michael Kum has further raised his stake in Marco Polo Marine after buying 60 million shares at 13 cents each from Penguin International. Kum, who is holding his investment in Marco Polo Marine via Halom Investments, now owns a total of 225 million shares, or 5.77% of the company. He first ...
16 hours ago
MTQ resumes Middle East operations; Vallianz not ‘significantly’ affected
Tay Peck Gek - This comes after the US and Israel launched their biggest attacks on Iran in decades on Feb 28
16 hours ago
OxPay announces partnership with Liquid Group on expanding QR wallet acceptance for merchants
Teo Zheng Long - OxPay Financial (SGX: TVV ) announces that it has entered into a strategic partnership with Liquid Group to integrate its flagship RoamQR payment framework into OxPay’s payment solutions platform, with the goal of expanding QR wallet acceptance for merchants. Liquid Group is a Singapore-headquarte ...
16 hours ago
Singapore issues guidelines for lawyers on ethical generative AI use
Tessa Oh - The framework addresses ‘hallucinations’ and the risk of bias in outputs
16 hours ago
Lufthansa profit tops forecast but Middle East war clouds outlook
German group says it will stick with strategy of expanding long-haul services
16 hours ago
Lufthansa’s 2025 profit beats expectations, but Middle East tension clouds outlook
The airline’s operating profit margin of 4.9% is up from 4.4% a year earlier
17 hours ago
Most Asian equities drop as Mideast crisis rages, though oil dips
HONG KONG: Asian markets were mostly down on Friday (Mar 6) as the war in the Middle East showed no sign of ending, though there was some reprieve from the surge in oil prices after the United States looked
17 hours ago
Johor leads as Malaysia’s approved investments hit record RM426.7 billion in 2025
Tan Ai Leng - Singapore and China are the top foreign investors, combining to reach RM116.3 billion in approved investments
17 hours ago
Singapore’s new AI-upskilling push seen as shield against job displacement amid global layoffs
Young Zhan Heng - The National AI Impact Programme seeks to train 100,000 workers to be ‘fluent’ in applying artificial intelligence skills in their jobs
17 hours ago
Some wealthy Asians look to move Dubai assets closer to home on Iran war fears
Singapore wealth sector sees increased client interest in asset transfers
17 hours ago
Ceconomy to propose CFO Remko Rijnders to replace outgoing CEO
BERLIN, March 6 : Ceconomy said on Friday that it would propose Chief Financial Officer Remko Rijnders to replace Kai-Ulrich Deissner as the company's chief executive.The German electronics retailer said earlier on Friday that Deissner, who only took over as CEO last year, was stepping down for ...
17 hours ago
Ceconomy supervisory board to meet March 12 to discuss next steps, departing CEO says
BERLIN, March 6 : The departing chief executive of Ceconomy told Reuters on Friday that the German electronics retailer's supervisory board is set to meet on Thursday to discuss the next steps.The company, which is about to be taken over by Chinese tech group JD.com, had said earlier in the day ...
17 hours ago
Maersk suspends two shipping services due to Middle East crisis
It would halt its FM1 service connecting the Far East to the Middle East and its ME11 service linking the Middle East...
18 hours ago
Sats says no ‘material interruption’ to Middle East cargo operations amid Iran conflict
Therese Soh - The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman
18 hours ago
Sats says no ‘material interruption’ to Middle East cargo operations amid Iran war
Therese Soh - The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman
18 hours ago
Aster declares force majeure on disruption in supply of raw materials
[SINGAPORE] Singapore refiner and petrochemical major Aster Chemicals and Energy has declared force majeure regarding supplies, citing a disruption in raw materials...
18 hours ago
Singapore's Aster declares force majeure on disruption in supply of raw materials
[SINGAPORE] Singapore refiner and petrochemical major Aster Chemicals and Energy has declared force majeure regarding supplies, citing a disruption in raw materials...
18 hours ago
Pfizer secures China nod for obesity drug as generics loom
Pfizer now enters a field dominated by multinational rivals
19 hours ago
Foreign outflows from Indian IT stocks at 7-month high in February on AI shockwaves
March 6 : Foreign outflows from India's information technology stocks hit a seven-month high in February, on worries that artificial intelligence-led disruption could squeeze earnings.Foreign portfolio investors sold IT stocks worth 169.49 billion rupees ($1.85 billion) for the month. That trig ...