8 hours ago
South Korea fines Coupang record 624.7 billion won for data leak
The e-commerce giant is widely popular in the country and is based in the US
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
BOJ governor Ueda’s absence fuels market nerves over rate meeting
Ueda is expected to miss the BOJ’s meeting and will refrain from casting a vote
8 hours ago
Analysis:Japan governance reforms set to prise open $1.8 trillion cash hoard
TOKYO, June 11 : Proposed revisions to Japan's governance code that stress the need for efficient use of cash have raised expectations among investors that corporate hoarders will start to mobilise their $1.8 trillion money mountain.The revisions, to be finalised in the summer, could see compan ...
8 hours ago
South Korea fines Coupang $409 million in country's largest data breach penalty
SEOUL: South Korea hit e-commerce giant Coupang with a record US$408 million fine on Thursday (Jun 11) over a leak that allegedly exposed more than 30 million customers' data and has provoked the ire of US lawmakers.Coupang, the country's largest online retail platform, signalled in a stat ...
9 hours ago
Indonesia’s Danantara eyes US$1 billion bond sale in test of investor appetite
Investor bids for those bonds exceed US$1.5 billion as of the Asian afternoon
9 hours ago
Indonesia’s Danantara launches global US dollar bond, eyes US$1 billion, sources say
The offering is getting underway after investors pulled billions of US dollars from the nation’s stocks so far this year
9 hours ago
Danantara starts bond sale in test after Indonesian sell-off
The offering is getting underway after investors pulled billions of US dollars from the nation’s stocks so far this year
9 hours ago
Indonesia wealth fund Danantara starts bond sale in test after Indonesian sell-off
The offering is getting underway after investors pulled billions of US dollars from the nation’s stocks so far this year
9 hours ago
DBS to launch tokenised physical gold for retail customers in Singapore
Benicia Tan - It is also exploring plans to list the token on the DBS Digital Exchange
9 hours ago
DBS to offer tokenised physical gold for Singapore customers
Felicia Tan - DBS has expanded its gold offerings to include tokenised physical gold to its customers in Singapore. The move comes amid growing demand as well as a push to strengthen Singapore’s status as a global gold trading hub, says the bank in a June 11 statement. Gold prices reached an all-time high of US ...
9 hours ago
DBS launches tokenised physical gold for retail customers in Singapore
Benicia Tan - It is also exploring plans to list the token on the DBS Digital Exchange
9 hours ago
Stripe moves head of global product to Singapore to drive Asia-Pacific growth
Lionel Lim - Abhinav Tiwari also sees an opportunity to be part of Singapore’s development of stablecoin payments
9 hours ago
Thai long bonds draw funds with steepest curve in emerging Asia
Yields on the nation’s 10-year bonds have retreated from an over one-year high of 2.4% touched last month
9 hours ago
OCBC enables Singpass for Singaporeans to open business account with OCBC Malaysia
The Edge Singapore - OCBC has announced that Singaporeans and Singapore permanent residents (PRs) can use their Singpass to open business accounts with OCBC Malaysia via its website. OCBC Malaysia can remotely authenticate the business owners via their Singpass as part of the account opening requirement. This brings the ...
9 hours ago
Oracle’s AI spending blows past estimates, raising worries over growing debt
Analysts highlight investor concerns over rising debt and negative free cash flow
9 hours ago
Stocks fall as tensions flare up with new US attacks on Iran
Latest US strikes have injected more volatility into global markets and threaten to further crimp oil supplies
9 hours ago
Asian stocks pare losses as US completes Iran attack
STOCKS pared their losses and oil trimmed its gain after the US military said it has completed its latest strikes in Iran.
10 hours ago
OpenAI, Visa team up to let AI agents make purchases online
ChatGPT is the best-known artificial intelligence platform among consumers
10 hours ago
OpenAI considers drastic price cuts, anticipating war for users with Anthropic, WSJ reports
June 10 : OpenAI is considering drastically reducing the prices it charges users as it seeks to win customers from its competitor Anthropic, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.The company might lower prices for tokens, the central unit for gauging A ...
10 hours ago
Bed growth drives visibility: DBS Group Research initiates coverage on Centurion Corp at ‘buy’
Teo Zheng Long - A group of DBS Group Research analysts Derek Tan, Geraldine Wong and Ng Jia Hui have initiated coverage on Centurion Corporation (SGX: OU8 ) , citing how the growth in bed counts will help drive growth visibility at the diversified living-sector accommodation provider. As at end-March, Centurion own ...
10 hours ago
Stocks drop, oil rises as Iran worries traders
HONG KONG: Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday (Jun 11), following a rollercoaster week for markets that has sent shivers through trading floors.Investors took a little heart from closely watched data Wednesday ...
10 hours ago
Stocks drop, oil rises as Iran and rate worries traders
HONG KONG: Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday (Jun 11), following a rollercoaster week for markets that has sent shivers through trading floors.Investors took a little heart from closely watched data Wednesday ...
10 hours ago
Peace hopes steady Europe ahead of expected ECB rate hike
LONDON, June 11 : Europe's markets firmed on Thursday as reports of ongoing peace talks between the U.S. and Iran nudged oil prices down ahead of what is widely expected to be the first European Central Bank interest rate hike in nearly three years. The pan-European STOXX 600 and the euro both ...
10 hours ago
Shares retreat as techs extend losses, US strikes on Iran lift oil
SINGAPORE: Asian stocks fell on Thursday (Jun 11), weighed down by a Wall Street selloff after a hotter-than-expected US inflation reading, while renewed US strikes on Iran fuelled a rise in oil prices.MSCI's broa
10 hours ago
Air India Ahmedabad crash report to miss one-year deadline with engine probe pending
The crash on Jun 12, 2025, killed 260 people in the world’s deadliest air disaster in a decade
10 hours ago
STT GDC expands Jakarta data centre campus, training efforts for Indonesia’s AI buildout
Nurdianah Md Nur - ST Telemedia Global Data Centres (STT GDC) is expanding its Jakarta campus as Indonesia’s demand for cloud and artificial intelligence (AI) infrastructure grows. The Singapore-headquartered data centre operator said STT Jakarta 2 has begun operations with 24 megawatts of IT load, while STT Jakarta ...
10 hours ago
Hong Kong hedge fund managers set for pay bump in tax plan
Private equity fund managers already enjoy zero taxes on carried interest
10 hours ago
Maybank says it is not under investigation in Indonesia after staff questioned
KUALA LUMPUR, June 11 : Malayan Banking Berhad said it was not the subject of any investigation in Indonesia, after Bloomberg had reported that some of its bankers were being questioned by authorities in connection with a probe involving the Salim Group. Bloomberg reported on Wednesday, citing peopl ...
11 hours ago
China’s nascent medical tourism lures foreign patients with cutting-edge, cheap medical care
The country has rapidly emerged as an important player in global medical research and innovation
11 hours ago
SGX securities trading value jumps 70% in May amid ‘robust’ trading activity
Deon Loke - Securities daily average value for the month up 79% year on year at S$2.4 billion, the highest level recorded since October 2007
11 hours ago
SGX securities turnover value jumps 70% in May amid ‘robust’ trading activity
Deon Loke - Securities daily average value for the month up 79% year on year at S$2.4 billion, the highest level recorded since October 2007
11 hours ago
Japan business mood sours in April-June as Middle East war hits
TOKYO, June 11 : Japanese business sentiment soured in April-June for the first time in four quarters, a government survey showed on Thursday, a sign of growing economic pain from the Middle East conflict.An index measuring big companies' sentiment fell to -0.5 per cent point in the second quar ...
11 hours ago
Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes
June 11 : Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran.Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while U.S. West Texas Intermediate (WTI) c ...
11 hours ago
Programme for Income Insurance shareholders to sell shares relaunched
The Liquidity Program for Income Insurance Shares lets eligible Income shareholders sell their shares for cash