2 days ago
ECB’s Lagarde says interest rates are at correct level
Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five...
2 days ago
S&P 500 extends rally after CME glitch, reversing monthly slide
Markets are continuing to bet that the central bank will cut its benchmark next month
2 days ago
European shares clock monthly gains on Fed rate cut hopes
Next week, investors expect some focus on Russia-Ukraine peace talks
2 days ago
CoinShares pulls plug on select crypto ETFs ahead of US listing
CoinShares filed on Friday to withdraw its plan to launch three exchange-traded funds, as the European cryptocurrency firm plans to focus on higher-margin opportunities ahead of its U.S. listing.CoinShares has filed with the Securities and Exchange Commission to withdraw its registration statements ...
2 days ago
Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, sources say
2 days ago
India's Adani seeks up to $5 billion investment in Google data center to join AI boom
India's Adani Group plans to invest up to $5 billion in Alphabet-owned Google's India AI data centre project, an executive said on Friday, as it seeks to cash in on booming demand for data capacity in the world's most populous nation.In October, Google said it would invest $15 billion ...
2 days ago
OCBC files bid to wind up consumer electronics trader TT International
Jessie Lim - The company owes lender at least S$21.7 million
2 days ago
Leong Guan Holdings to raise $4.7 mil via IPO placement of 20.65 mil shares at 23 cents each
Felicia Tan - Foodstuffs maker Leong Guan Holdings is seeking to raise around $4.7 million via its initial public offering (IPO) placement of 20.65 million shares at 23 cents apiece. The placement, which comprises 16.3 million new shares and 4.35 million of vendor shares, will be made available to retail and inst ...
2 days ago
Noodle maker Leong Guan Holdings to offer 20.65 million shares at S$0.23 each in Catalist listing
Jessie Lim - The group intends to distribute a minimum of 80% of FY2025 net profit as dividends
2 days ago
Wall St opens higher, futures resume trade after outage
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Nov 28) with futures trading springing back to life from an hours-long...
2 days ago
STI could see 5,000 this year; but can DBS be at $70 by end-2026?
Goola Warden - The Straits Times Index (STI) closed at 4,523 on Nov 28, up 54 points week-on-week. The index remains above its rising 50-day moving average at 4,425. During the easier phase both the 50-day moving average and a support area around 4,400 were able to stop the decline. Since ADX has eased towards the ...
2 days ago
Managing director of Low Keng Huat offers to take company private at 72 cents per share
Nicole Lim - The managing director of the company Low Keng Huat, Marco Low Peng Kiat, is making a voluntary conditional general offer for all the shares in the company at 72 cents per share. Low is offering to take his company private through a special purpose vehicle incorporated in Singapore in July, known as ...
2 days ago
Wilmar’s China subsidiary lodges appeal over contract fraud case
Jessie Lim - [SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud...
2 days ago
CIMB Q3 profit up 2.3% at RM2.08 billion
Jessie Lim - The bank announces a special dividend of RM0.07 per share
2 days ago
US dollar set for worst week since July as Fed rate cut looms
NEW YORK :The U.S. dollar was heading for its worst weekly performance since late July on Friday as traders increased bets that the Federal Reserve will cut rates again next month. An overnight outage due to a cooling issue at CME Group's CyrusOne data centres, meanwhile, halted trade on its wi ...
2 days ago
Dollar set for worst week since July as traders maintain bets on December rate cut
LONDON :The U.S. dollar was heading for its worst weekly performance since late July on Friday as investors increasingly count on further monetary easing in December by the Federal Reserve, while Thursday's U.S. holiday thinned liquidity. An outage due to a cooling issue at CME Group's Cyr ...
2 days ago
Explainer-Keeping cool: heat a key challenge for data centers and AI
STOCKHOLM/LONDON :The global boom in data centers as companies increasingly outsource information storage and ramp up use of energy-intensive artificial intelligence is creating a key challenge for the industry - how to keep cool.An outage at the world's biggest exchange operator CME Group from ...
2 days ago
DBS, OCBC, UOB among those owed S$304 million by Autobahn, Shariot group; white knight in talks
Derryn Wong - DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2
2 days ago
Autobahn, Shariot group seek moratorium amid S$304 million debt; DBS, OCBC, UOB, car dealers among major creditors
Derryn Wong - DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2
2 days ago
Autobahn, Shariot group seek moratorium amid S$180 million debt; DBS, OCBC, UOB, car dealers among major creditors
Derryn Wong - Teck Wei Credit is owed S$70 million and DBS, S$54.2 million; hearing set for Dec 2
2 days ago
Autobahn, Shariot group seek moratorium amid S$180 million debt; DBS, UOB, OCBC, car dealers among major creditors
Derryn Wong - Teck Wei Credit is owed S$70 million and DBS, around S$54 million; hearing set for Dec 2
2 days ago
Investors snap nine-week buying streak in global equity funds
Global equity funds saw their first weekly outflow in 10 weeks in the week to November 26, as concerns about stretched valuations, particularly in the tech sector, outweighed optimism around expected U.S. interest rate cuts next month.According to LSEG Lipper data, investors withdrew a net $4.48 bil ...
2 days ago
Fair value losses drag LHN H2 net profit down 82.7% to S$5.9 million
Navene Elangovan - The board has proposed a special dividend of S$0.02 for FY2025
2 days ago
‘Lost their life savings’: Tokenize Xchange users sue founder and wife for over S$60 million in lost crypto assets
Deon Loke - The firm owes its customers about S$266.3 million but has only S$2.6 million in realisable assets, interim judicial manager report reveals
2 days ago
Singapore Fintech Festival’s 10th edition drew over 70,000 participants from over 142 countries
Nicole Lim - The 10th edition of the Singapore Fintech Festival has concluded, with more than 70,000 participants from 142 countries and regions, the largest global attendance to date. The theme for this edition, Technology Blueprint for the Next Decade of Finance, spotlighted artificial intelligence, tokenisati ...
2 days ago
Nexperia's Chinese parent says company's Dutch unit seeking to permanently strip its control
BEIJING :Wingtech, the Chinese parent company of Netherlands-based Nexperia, said on Friday that the Dutch unit was conspiring to create a non-Chinese supply chain and permanently strip it of its control.Wingtech was responding to an open letter published by Nexperia's Dutch unit on Thursday in ...
2 days ago
Scientists solve the mystery of the prehistoric 'Burtele Foot'
WASHINGTON :Scientists have solved the mystery of 3.4 million-year-old fossils called the "Burtele Foot" discovered in Ethiopia in 2009, finding they belonged to an enigmatic human ancestor that lived alongside another closely related species during a poorly understood time in human evolut ...
2 days ago
Property measures on the horizon?
The Edge Singapore - A CLSA report suggests that property measures could be implemented if residential property prices continue to rise. Residential property prices rose 2.7% year-to-date for the nine months to end-Sept. Sales volume appears to be on track for 10,000 to 11,000 units for this year. New supply isn’t exc ...
2 days ago
Crypto hoarding company shares under pressure as risk appetite wanes
Fresh turbulence in the crypto market is weighing on shares of companies that stockpile bitcoin and other tokens on their balance sheets, stoking concerns over stress in the niche but fast-growing sector.Buoyed by U.S. President Donald Trump's crypto-friendly stance and inspired by the meteoric ...
2 days ago
Daily Debrief: What Happened Today (Nov 28)
Stories you might have missed
2 days ago
Exclusive-Amazon, Flipkart take aim at India's banks with new consumer loan offerings
MUMBAI :Amazon is preparing to offer loans to small businesses in India, while Walmart-owned Flipkart is looking at buy-now, pay-later (BNPL) products as the e-commerce giants take on the country's banks with a push into financial products. Amazon acquired Bengaluru-based non-bank lender Axio e ...
2 days ago
Camden Park GCB being sold for S$48 million to Centurion Corp’s Kelvin Teo
Ry-Anne Lim - The bungalow belonged to late architect Ho Kok Hoe, whose sons put it up for sale at S$55.9 million
2 days ago
Google ditches EU antitrust complaint about Microsoft cloud amid EU probe
BRUSSELS :Alphabet's Google on Friday dropped its EU antitrust complaint about rival Microsoft's cloud computing practices, a week after EU regulators launched an investigation to see if Microsoft should be subject to rules aimed at curbing its power in this sector.Last year, Google took i ...