1 day ago
Jardine Cycle & Carriage appoints Freddy Lee as CEO from May 1
Paige Lim - Lee will vacate his current role as the company’s finance director but continue to serve as executive director
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
China’s big banks post flat 2025 profit on margin squeeze
The lenders continue to suffer deteriorating lending margins and rising loan impairments
1 day ago
Japan firms weigh merging power chip businesses
Prime Minister Sanae Takaichi's administration has set a new sales target for domestically produced microchips, aiming for an eightfold increase by 2040 compared with 2020 levels.
1 day ago
With ‘no place to hide’ traders spend sleepless nights as Iran war roils markets
Fund managers cut positions amid market volatility, uncertainty
1 day ago
SoftBank secures $40 billion loan to boost OpenAI investments
March 27 : SoftBank Group said on Friday it has secured a $40 billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate purposes, marking another significant step in its artificial intelligence strategy.The Japanese investment conglomerate, led by founder Masayoshi ...
1 day ago
SoftBank secures $40 billion loan to fund further OpenAI investment
March 27 : SoftBank Group said on Friday it has secured a $40 billion loan through a bridge facility to fund further investments in ChatGPT maker OpenAI and for general corporate purposes. The facility, which matures in March 2027, was arranged with lenders including JPMorgan Chase, Goldman Sachs, M ...
1 day ago
NASA's Artemis astronauts enter final preparations for Moon mission
WASHINGTON, March 27 : The four astronauts selected for NASA's Artemis II mission were due to arrive in Florida on Friday, entering the final phase of preparations for the first crewed journey toward the Moon in more than five decades.NASA astronauts Reid Wiseman, Victor Glover and Christina Ko ...
1 day ago
Singapore stocks rebound on Friday, STI up 0.2%
Benjamin Cher - iEdge Singapore Next 50 Index loses 0.7% or 10.72 points to 1,448.97
1 day ago
Low Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects
Tay Peck Gek - This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties
1 day ago
Ex-BOJ chief Kuroda sees 3-4 more rate hikes to 1.5% in 2027, Asahi interview shows
TOKYO, March 27 : Former Bank of Japan Governor Haruhiko Kuroda told the Asahi newspaper that he saw "no problem" in the Japanese central bank raising the interest rate by 0.25 per cent for 3-4 times from the current 0.75 per cent, to reach "around 1.5 per cent" in 2027.The BOJ w ...
1 day ago
Hong Kong woos central banks in bid to become gold-trading hub
The city targets Belt and Road nations for the institutional clout to rival London as a global hub
1 day ago
Novartis to buy US-based biotech firm Excellergy for up to US$2 billion
The transaction is expected to close in the second half of 2026
1 day ago
Tarte by Cheryl Koh closing after Apr 26
Corinne Kerk - One reason cited is a decline in consumer discretionary spending
1 day ago
VW's software partnership with Rivian clears investment hurdle
BERLIN, March 27 : Volkswagen's software partnership with Rivian, a cornerstone of CEO Oliver Blume's turnaround strategy for the German auto group, has passed a key milestone, bringing the U.S. partner closer to its next tranche of funding.Winter tests of the first vehicles using the soft ...
1 day ago
RHB downgrades S-Reits to ‘neutral’ as Middle East conflict dims hope for rate cuts
Koh Kim Xuan - The brokerage recommends investing in Singapore-centric S-Reits to ride out market volatility
1 day ago
SpaceX lines up April investor briefings as IPO questions swirl
The company is set to file confidentially as soon as this month for an initial public offering that could raise as much...
1 day ago
SAC Capital flags Zixin Group's circular economy prospects
The Edge Singapore - SAC Capital has issued a non-rated report on Zixin Group, touting its "circular economy" business model that can help insulate the structurally insulates sweet potato-based foodstuffs company from the intense price wars plaguing downstream other Chinese retail competitors. Besides its home ...
1 day ago
SJ Group partners Rönesans Holding to develop the strategic Dapek Industrial Zone in Ceyhan, Türkiye
Gerine Tang Yi Qian - SJ Group has entered into a strategic partnership with Rönesans Holding to support the planning, development and management of the Dapek Industrial Zone in Türkiye’s Eastern Mediterranean corridor. According to SJ Group, the Dapek Industrial Zone is envisioned as a strategic national and next-ge ...
1 day ago
BOJ releases updated estimate on Japan's natural rate of interest
TOKYO, March 27 : The Bank of Japan released on Friday an updated estimate on Japan's natural rate of interest, which showed it in a range of around -0.9 per cent to +0.5 per cent.The range was largely unchanged from a previous estimate showing Japan's natural rate of interest in a range o ...
1 day ago
BOJ releases new natural rate estimate as part of communication drive
TOKYO, March 27 : The Bank of Japan on Friday released an updated estimate on the country's natural rate of interest as part of its efforts to enhance communication as it ends an era of ultra-low rates.The release came amid increased market attention to how close the central bank's short-t ...
1 day ago
Australia court fines Binance unit $6.9 million over client onboarding failures
March 27 : The Australian federal court has ordered Binance's local unit to pay A$10 million ($6.9 million) for misclassifying over 85 per cent of its Australian clients that exposed them to high-risk crypto products, the country's securities regulator said on Friday.The penalty follows a ...
1 day ago
Australia court fines Binance Australia $6.9 million over client onboarding failures
March 27 : The Australian federal court has ordered local derivatives business of cryptocurrency exchange Binance to pay an A$10 million ($6.9 million) penalty for misclassifying over 85 per cent of its Australian client base, the country's securities regulator said on Friday.($1 = 1.4491 Austr ...
1 day ago
As market shifts, remisiers rally to ‘regroup, reskill and rebound’
The Edge Singapore - The Society of Remisiers (Singapore) marked its 40th anniversary on March 20 with a renewed push by the profession to adapt and maintain its relevance amid a much-anticipated recovery of the local stock market. Remisiers, as a community, have for decades grown with Singapore’s market and economy, ...
1 day ago
Tanoto family’s Pacific Eagle Real Estate seeks S$118 million for Bukit Timah mixed-use property
Chong Xin Wei - Pacific Eagle had earlier acquired the site in a 2021 collective sale for S$53.9 million
1 day ago
Vietnam acts fast to shield firms, households from fuel price surge
Jamille Tran - The government has eliminated more fuel taxes, cutting retail petrol price by close to 19%
1 day ago
Pop Mart launches largest ever buyback after record stock plunge
The buyback helped stabilise sentiment on Friday, with shares rising as much as 4.1 per cent
1 day ago
Freehold mixed-use development site at Bukit Timah for sale at $118 mil
Gerine Tang Yi Qian - A freehold mixed-use development that spans Bukit Timah Road and Duke’s Road in District 10 has been launched for sale at an indicative price of $118 million. Following the acquisition of adjacent remnant state land, the vendor has expanded the total site area to approximately 18,512 sq ft, which ...
1 day ago
Why the market needs loving critics like Mak Yuen Teen
Kwan Wei Kevin Tan - Before meeting Mak Yuen Teen, accounting professor at the National University of Singapore (NUS) and outspoken corporate governance advocate, one might be forgiven for thinking his online persona is as incisive in person. After all, Mak is widely known for his sharp criticisms of corporate governanc ...
1 day ago
Satellite observations offer insight into a tsunami's early stages
March 27 : Observations made by a satellite operated by the U.S. and French space agencies shortly after a strong earthquake struck off Russia's Kamchatka Peninsula last year are giving scientists a better understanding of how tsunamis originate and propagate.The researchers said the findings m ...
1 day ago
This time it’s different: LaunchPad @ one-north’s next act signals a maturing startup ecosystem
Benjamin Cher - The next iteration of it may be more structured and more technologically advanced
1 day ago
We need to go nuclear, now
Kwan Wei Kevin Tan - Politicians should not be surprised when their best-laid plans collide with the law of unintended consequences. History is rife with examples of well-intentioned decisions gone wrong. The US and Israeli military strike on Iran will likely be remembered as another such example. What was initially see ...
1 day ago
Yangzijiang Financial clears the decks after China’s credit boom
Frankie Ho - At the height of China’s credit boom, Yangzijiang Shipbuilding poured billions into loans through an investment arm closely tied to the country’s property sector. That business went on to list on the Singapore Exchange (SGX) in 2022 as Yangzijiang Financial, just as Beijing’s crackdown on cred ...
1 day ago
BOJ likely to warn of inflation whiplash from Iran war, ex-central bank executive says
TOKYO, March 27 : The Bank of Japan is likely to warn of possible huge swings to underlying inflation in next month's quarterly report, as the Middle East conflict injects unprecedented challenges into rate-setting, its former executive Kazuo Momma said on Friday.Before the February 28 U.S.-Isr ...
1 day ago
Vietnamese airlines to cut flights due to fuel supply constraints