7 hours ago
Porsche pivots to cost-cutting as sales come under pressure
It plans to expand into higher-margin segments to counter the challenges
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
7 hours ago
Thai Air to raise fares as fuel costs soar and demand surges
The carrier will raise ticket prices by 10% to 15%, as its Europe flights in March reach 90% of seat capacity
7 hours ago
CapitaLand Development debuts strata-titled ‘waterfront food hub’ Gourmet Xchange
Jovi Ho - CapitaLand Development (CLD) has unveiled Gourmet Xchange, Singapore's largest strata-titled food facility and the first integrated waterfront food hub in Kallang. The 33-year leasehold development comprises two clusters, with 264 units in a nine-storey block and eight terraced units in a three ...
8 hours ago
Warburg-backed PDG to raise US$5 billion in debt for data centres
The planned financing will support facilities in India, Indonesia, Malaysia and Japan
8 hours ago
Warburg-backed Princeton to raise US$5 billion in debt for data centres
The planned financing will support facilities in India, Indonesia, Malaysia and Japan
8 hours ago
Founders of Sea, Haidilao among 55 Singapore billionaires in Forbes’ latest list
Koh Kim Xuan - This is up from 49 in the 2025 edition
8 hours ago
Founders of Sea, Haidilao among 54 Singapore billionaires in Forbes’ latest list
Koh Kim Xuan - This is up from 49 in the 2025 edition
8 hours ago
After selling five self-storage assets here to StorHub, Heitman eyes Hong Kong market
Jovi Ho - The Chicago-based fund manager that sold its five-asset self-storage joint venture portfolio in Singapore to Warburg Pincus-backed StorHub in 2022 is going all in on Hong Kong. “The living conditions [there] have the lowest per capita living space globally and — not dissimilar to Singapore — t ...
8 hours ago
PBOC employs volatile renminbi fixing to manage Iran war fallout
The move signals that China is encouraging two-way fluctuations rather than backing a single direction
8 hours ago
JPMorgan marks down loan portfolios of private credit groups: FT
This applies to borrowings by software firms, which the bank views as vulnerable to disruption from AI
8 hours ago
Morgan Stanley hires contract staff in Hong Kong as deals surge: sources
Volatile markets hinder permanent hires despite listing surge
8 hours ago
Zara owner Inditex reports 9% sales growth at start of first quarter
[PARIS] Zara owner Inditex, the world’s biggest fast fashion company, said currency-adjusted sales grew 9 per cent between February 1 and March...
9 hours ago
How ‘Pokemon’ and ‘Resident Evil’ rewrote gaming history
In the space of just 23 days three decades ago, two initially unassuming releases changed videogames forever.
9 hours ago
With Trump’s mixed messaging on Iran war end, calm in oil markets may be fleeting
More than three-fourths of the crude oil exports from the Middle East to China, Japan, South Korea and Taiwan pass through the...
9 hours ago
Indonesia panel backs interim financial chiefs to deliver reforms
JAKARTA, March 11 : An Indonesian parliamentary panel on Wednesday voted to retain both the interim head of the Financial Services Authority and its acting chief capital market supervisor in a permanent capacity, to enable them to deliver on promised market reforms. The panel selected Friderica Widy ...
9 hours ago
Indonesia lawmakers grill candidates for top regulatory jobs after market turmoil
JAKARTA, March 11 : Indonesia's parliamentary financial commission will on Wednesday assess candidates for top jobs at the Financial Services Authority after an equity market rout in January triggered a spate of resignations. Four officials, including the agency's chair and chief superviso ...
9 hours ago
Allgreen Properties, Kuok Singapore complete purchase of 78 Shenton Way
Kalpana Rashiwala - The new owners are not expected to redevelop the asset in the near term; they will hold it as landbank
9 hours ago
Toyota recalls 550,000 vehicles in US over seat-back defect, NHTSA says
March 11 : Toyota Motor Corp is recalling 550,007 vehicles in the U.S. as a faulty seat-back mechanism may fail to lock, increasing the risk of injury, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday.The recall includes certain 2021-2024 Highlander and Highlander Hy ...
9 hours ago
Toyota to recall about 550,000 vehicles in US over seat lock issue, NHTSA says
March 11 : Toyota Motor is recalling 550,007 vehicles in the U.S. as a faulty seat back mechanism may fail to lock, increasing the risk of injury, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
10 hours ago
Canal+ taps Google and OpenAI for AI-driven video production, content recommendation
March 11 - French media group Canal+ on Wednesday unveiled multi-year agreements with Alphabet's Google Cloud and OpenAI to integrate generative artificial intelligence into its production workflows and streaming service. The company is seeking to rival Netflix's recommendation algorithms ...
10 hours ago
Carlyle to sell Colombian oil firm SierraCol to Philippine's Prime Infrastructure
LONDON, March 11 : Private equity group Carlyle has agreed to sell its Colombian oil producer SierraCol to Prime Infrastructure Capital, the infrastructure unit of Filipino businessman Enrique K. Razon Jr., for an undisclosed sum, the U.S. company said on Wednesday.Carlyle, which set up SierraCol in ...
11 hours ago
Indonesia lawmakers grill candidates for top regulator jobs after market turmoil
Parliament is considering 10 candidates for a total of five vacancies at the agency, known by its Indonesian abbreviation OJK
11 hours ago
China’s Cosco halts Panama port operations as tensions rise
The Balboa port is one of two terminals along the strategic Panama Canal
11 hours ago
Credit-friendly climate could spur debt-funded growth for S-Reits: NUS
Chong Xin Wei - Several S-Reits have already offloaded properties in line with their capital recycling strategy
11 hours ago
China’s energy security push pays off as war roils Asia refiners
Beijing has moved swiftly to curb diesel and petrol exports to conserve domestic supply
12 hours ago
Cathay Pacific posts 9.5% rise in annual profit on strong passenger and cargo demand
It was the carrier’s third consecutive annual profit
12 hours ago
OpenAI plans to launch its Sora video tool in ChatGPT, The Information reports
March 10 : OpenAI plans to soon launch its AI video generator Sora in ChatGPT, The Information reported on Tuesday, citing people familiar with the matter.Sora, which expanded OpenAI's foray into multimodal AI technologies, competes with text-to-video tools from Meta and Alphabet's Google. ...
12 hours ago
Japan's weak spot on energy in focus as Middle East crisis worsens -REI chair
TOKYO, March 11 : Japan should do more to reduce its reliance on imported fossil fuels, the chair of the Renewable Energy Institute said, after the escalating Middle East conflict halted tanker traffic through the Strait of Hormuz, underlining Japan's vulnerability to geopolitical risks.Japan r ...
12 hours ago
DayOne tests brain-inspired computing as BDx raises temperatures at its data centre in Singapore
Nurdianah Md Nur - Singapore's push to make data centres more sustainable is prompting experiments that range from growing living neurons to power computers to running facilities at warmer temperatures. DayOne, a Singapore-headquartered data centre developer, is partnering with Melbourne-based biological computin ...
12 hours ago
Asian stocks extend gains, oil stabilises after crude release report
HONG KONG: Asian equities extended gains on Wednesday (Mar 11) while oil stabilised after a report said the International Energy Agency was considering the release of a record amount of its reserves to counter soaring prices.The crude market has been hit by wild volatility since the United States an ...
12 hours ago
China moves to curb OpenClaw AI use at banks, state agencies
CHINESE authorities moved to restrict state-run enterprises and government agencies from running OpenClaw AI apps on office computers, acting swiftly to defuse...
13 hours ago
Anduril to acquire space surveillance firm ExoAnalytic eyeing more Golden Dome capabilities
WASHINGTON, March 11 : Anduril Industries on Wednesday said it has signed a definitive agreement to acquire ExoAnalytic Solutions, a national security company specializing in space sensing and awareness and missile defense.The purchase comes as defense technology firm positions itself for a role in ...
13 hours ago
How Trump and his advisers miscalculated Iran’s response to war
Iran has responded far more aggressively than it did during last June’s 12-day war
13 hours ago
Ares plans its first local currency private credit fund in Asia
The firm is also raising a regional special situations fund