7 hours ago
BYD, adidas on board as new sponsors of Singapore’s national marathon in December
Lee U-Wen - Previous title sponsor StanChart is the event’s official bank with naming rights to the 10 km category
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
Leapmotor expands Stellantis alliance, posts first profit
Closer collaboration will offer the Chinese electric carmaker more global opportunities
9 hours ago
Some Singtel customers affected by connectivity issues; telco says latest incident unrelated to recent outage
This comes after Singtel on Monday experienced a more than eight-hour disruption to its network.
9 hours ago
Senior bankers quit Wall Street jobs for corporate roles in Asia
The talent squeeze is being further tightened by intensifying poaching from rivals and a rising demand for qualified IPO sponsors
9 hours ago
Middle East oil becomes most expensive in the world as war cuts supply
Several Asian refiners have reduced operating rates
9 hours ago
Freehold landed residential plot within Opera Estate enclave for sale at $25 mil
Gerine Tang Yi Qian - A prime freehold landed redevelopment residential plot nestled within the Opera Estate enclave has been launched for sale at a guide price of $25 million or $1,435 psf on land area. The Upper Changi property sits on a freehold land parcel of approximately 17,413 sq ft zoned for “two-storey mixed l ...
9 hours ago
ST Engineering, Addvalue Tech to benefit from higher defence spending: Maybank
Chloe Lim - Addvalue is also a ‘rare Asian space/drone play in rapid growth mode’, say analysts
9 hours ago
US government confirms Tesla and LG Energy Solution's $4.3 billion battery deal
WASHINGTON, March 16 : The U.S. government on Monday said electric vehicle maker Tesla and South Korea's LG Energy Solution had signed a supply agreement to build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michigan, with an expected pro ...
10 hours ago
Emirates flying near-empty jets to Dubai as locals depart
Flights from destinations in the US and continental Europe have been impacted the hardest
10 hours ago
Single-storey factory at 151 Gul Circle up for sale at $18 mil
Jovi Ho - A single-storey factory at 151 Gul Circle, situated within the Gul industrial precinct in Singapore’s western region, is being offered for sale for $18 million via private treaty. That is the address of Saurer Components, which focuses on textile machinery. Positioned on a substantial land area of ...
10 hours ago
Asean’s tourism sector could contribute to region’s sustainable aviation fuel development, says Airbus
Janice Lim - This is relevant for the region, considering that a few countries have consistently been ranked among the top global travel destinations
10 hours ago
Founder of SC Capital Partners acquires wellness-focused hospitality platform Fusion Hotel Group
Samantha Chiew - Suchad Chiaranussati has acquired Fusion Hotel Group, a leading wellness-inspired hospitality brand and management company based in Ho Chi Minh City. Chiaranussati is the founder and chairman of SC Capital Partners, as well as the owner of Hotel Management Japan (HMJ), one of Japan’s largest hotel ...
10 hours ago
Gold steady as investors await central bank decisions, weigh Middle East risks
The surge in oil prices and the risk of higher inflation have prompted markets to scale back expectations for global central bank...
10 hours ago
Final freehold office floor at 108 Robinson Road for sale at $16.2 mil
Gerine Tang Yi Qian - The final available floor at the 12-storey freehold 108 Robinson Road has been launched for sale at a guide price of $16.2 million, translating to approximately $3,725 psf. The strata office in the Central Business District (CBD) sits on an approximately 4,348 sq ft site along the Robinson Road corr ...
10 hours ago
Tennessee minors sue Musk's xAI, alleging Grok generated sexual images of them
11 hours ago
Samsung workers’ strike plan would disrupt chip supply, union chief says
The company union is seeking a 7% increase in base wages
11 hours ago
Singapore sea freight companies hit with 50% fuel surcharge; war insurance premium also jacking up costs
Tay Peck Gek - One firm had to reroute cargo of used car parts to Dubai via India, raising the shipping cost five times
11 hours ago
Sea cargo shipping is saddled with a host of surcharges
Tay Peck Gek - These range from emergency fuel costs to war risk premiums
11 hours ago
SK Group chairman says wafer shortage to last until 2030, trying to stabilise memory prices
SK Hynix is the main high-bandwidth memory supplier to Nvidia
11 hours ago
US dollar firms on war uncertainty; Aussie wobbles after RBA
HONG KONG, March 17 : The safe-haven U.S. dollar rose on Tuesday as the rapidly worsening war in the Middle East weighed on investor sentiment, while the Australian dollar wobbled in choppy trading after the central bank chief sent the market hawkish signals following a close vote to raise interest ...
11 hours ago
Aussie dollar eases as RBA hikes rate; currencies drift on war uncertainty
HONG KONG, March 17 : The Australian dollar weakened on Tuesday after the country's central bank raised rates, though a close vote led traders to reduce bets on further tightening, while the U.S. dollar drifted as traders weighed developments in the Iran war.As expected, the Reserve Bank of Aus ...
11 hours ago
Currency markets drift ahead of RBA meeting as oil uncertainty weighs
HONG KONG, March 17 : The U.S. dollar drifted on Tuesday as traders weighed developments in the Iran war, while the Australian dollar eased slightly ahead of an expected rate hike from the country's central bank later in the day. The euro was 0.12 per cent lower at $1.1492 in Asian trading, whi ...
11 hours ago
RHB's Yeo keeps HRnetGroup at 'buy' with in-line FY2025, trims target price to 83 cents with larger share base
The Edge Singapore - Alfie Yeo of RHB Bank Singapore has remained bullish on HRnetGroup following in-line FY2025 earnings, but has slightly trimmed his target price from 84 cents to 83 cents to take into account a slightly larger share base. "We continue to like HRnetGroup for its decent growth outlook, strong cash ...
12 hours ago
Oil gains over 2% as market weighs Iran war supply risks
March 17 : Oil prices rose more than 2 per cent in early trade on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.Brent future ...
12 hours ago
Oil up again in Asian trade, with focus on Iran war
TOKYO: Oil climbed again in Asia on Tuesday (Mar 17) after prices retreated a day earlier, with investors remaining focused on the Strait of Hormuz.At around 12.30am GMT, West Texas Intermediate (WTI) was up 1.95 per cent at US$95.32 after it fell 5.3 per cent the previous day.Brent Crude was 1.84 p ...
12 hours ago
VCCs may be used for money-laundering, warns MAS: FT
The Edge Singapore - The popular variable capital company structure, set up in 2020 to draw in fund managers and family offices, could be used for money laundering, warns the Monetary Authority of Singapore to industry participants, according to the Financial Times. The warning was delivered at a briefing in late Januar ...
12 hours ago
US may drop quarterly reporting: WSJ
The Edge Singapore - The US Securities and Exchange Commission may be floating a proposal to make quarterly reporting optional. Under this proposal, US-listed companies will only be required to report just twice a year, according to the Wall Street Journal, citing people familiar with the matter. The proposal will be op ...
12 hours ago
Ant Group secures China nod for Hong Kong brokerage acquisition
The deal is now expected to close on Mar 30, the filing says
12 hours ago
Bank of Japan chief stresses need to hit 2% inflation backed by wage gains
TOKYO, March 17 : Bank of Japan Governor Kazuo Ueda said underlying inflation is accelerating toward the bank's 2 per cent target, stressing that price rises must be matched by solid wage gains.The remarks came ahead of the central bank's two-day policy meeting ending on Thursday, where th ...
12 hours ago
Japan's underlying inflation accelerating toward BOJ target, Governor Ueda says
TOKYO, March 17 : Bank of Japan Governor Kazuo Ueda said on Tuesday underlying inflation was gradually accelerating toward the central bank's 2 per cent target."We will guide monetary policy appropriately so that Japan sustainably and stably achieves our 2 per cent inflation target," ...
12 hours ago
Singapore’s Feb key exports growth slows to 4%; electronics surge eases, non-electronics slide
Elysia Tan - The conflict in the Middle East will pose a significant headwind going forward, economists say; Maybank trims its GDP forecast
12 hours ago
Singapore’s Feb key exports growth slows to 4% as electronics surge eases and non-electronics slide
Elysia Tan - Exports up for six of the Republic’s top 10 markets but decline for China, India, Indonesia and US
12 hours ago
Apple unveils second-generation AirPods Max at US$549, more than five years after debut
Currently, the segment is largely dominated by Japan’s Sony Group, Bose and Sennheiser
12 hours ago
Stocks to watch: Singapore Airlines, Singtel, Yangzijiang Shipbuilding
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Mar 17):