8 hours ago
Grab to buy foodpanda’s Taiwan business for US$600 million
Benjamin Cher - The deal marks Grab’s entry into its first market outside South-east Asia
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
Grab buys foodpanda’s Taiwan business for US$600 million
Benjamin Cher - This deal marks Grab’s entrance into its first market outside of South-east Asia
8 hours ago
Berkshire Hathaway takes $1.8 billion stake in Japan's Tokio Marine, forms partnership
TOKYO, March 23 : Berkshire Hathaway, the conglomerate built by Warren Buffett, is buying a 2.49 per cent stake in Japanese insurer Tokio Marine Holdings for about $1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.Tokio Marine said on Monday it will sel ...
8 hours ago
Tokio Marine to form partnership with Berkshire Hathaway, initially sell 2.49% stake
TOKYO, March 23 : Tokio Marine Holdings Inc said on Monday it would form a strategic partnership with Warren Buffett's Berkshire Hathaway by initially selling a 2.49 per cent stake through a third-party allotment of treasury shares.Berkshire Hathaway in 2019 kicked off a number of investments i ...
8 hours ago
Tokio Marine to form strategic partnership with Berkshire Hathaway, initially sell 2.49% stake
TOKYO, March 23 : Tokio Marine Holdings Inc said on Monday it would form a strategic partnership with Warren Buffett's Berkshire Hathaway by initially selling a 2.49 per cent stake through a third-party allotment of treasury shares.The insurer said it would use the proceeds of up to 287.4 billi ...
9 hours ago
South Korean shares tumble, won hits 17-year low on Mideast conflict
SEOUL, March 23 : South Korean shares dropped more than 6 per cent on Monday to close at their lowest level in two weeks, while the won weakened to a 17-year low, as heightened Middle East tensions dampened appetite for riskier assets.U.S. President Donald Trump and Iran threatened to escalate their ...
9 hours ago
Delivery Hero sells Taiwan food delivery business for $600 million
March 23 : Delivery Hero has agreed to sell its food delivery business in Taiwan to Grab Holdings for $600 million, the German online takeaway food company said on Monday.Delivery Hero will use the proceeds from the deal to repay its debt, it said in a statement.The company has been under pressure f ...
9 hours ago
Grab to buy Delivery Hero's Foodpanda Taiwan business for US$600 million
The deal is expected to close in the second half of 2026.
9 hours ago
Singapore’s QuikBot, EFGH build insurance into physical AI infrastructure to tackle autonomous risk
Nurdianah Md Nur - QuikBot Technologies and Embedded Financial Group Holdings (EFGH) are integrating insurance directly into the infrastructure that governs autonomous machines. The move comes as companies confront growing questions around liability and safety in real-world AI deployments. In a joint press release, th ...
9 hours ago
Toyota tender offer for Toyota Industries closes, results due Tuesday
TOKYO, March 23 : Toyota's tender offer to take supplier Toyota Industries private at a price of 20,600 yen per share was set to close on Monday, with the results expected at or after 3:30 p.m. (0630 GMT) on Tuesday.Earlier this month, Toyota bumped its offer price for the forklift maker from 1 ...
10 hours ago
Russian space craft antenna problem forces manual docking with ISS
MOSCOW, March 23 : An unmanned Russian cargo spacecraft has a problem with an antenna so it will have to be manually docked when it reaches the International Space Station (ISS), Russia's Roscosmos state space corporation said in a statement.A Soyuz-2.1a rocket launched the Progress MS-33 cargo ...
10 hours ago
Ping An investment arm questions US allocation
HONG KONG, March 23 : Insurer Ping An's international arm is questioning further U.S. investments, its CEO said, citing the country's unreliability. "The key question for me to consider is ... how much and whether you continue to deploy capital into the U.S. because ... the U.S. is be ...
10 hours ago
Luxury brands from LVMH to Kering defy slowdown with more new store openings in Europe
Low levels of vacancy on popular shopping streets have put pressure on prime rents, which grew by 3.5% last year
10 hours ago
GrabCab to raise taxi fares temporarily to help drivers amid volatile fuel prices
Koh Kim Xuan - Move will ‘provide direct relief’ for drivers amid volatile fuel prices, says Singapore-based taxi operator
10 hours ago
Some US car buyers envy what they cannot have – affordable Chinese EVs
China has surged past Japan in recent years to become the world’s top vehicle exporter
10 hours ago
Analysis:BOJ's narrative shift signals dogged commitment to rate hikes
TOKYO, March 23 : The Bank of Japan is laying the groundwork for tweaks to its policy language in April, keeping alive the chance of a near-term interest rate hike as the weak yen and Middle East conflict pile inflationary pressures on the economy.While the central bank kept rates steady last week, ...
11 hours ago
Credit Suisse’s AT1 bond crash fuelled leadership crisis at HDFC
For a bank already grappling with balance sheet challenges following its 2023 merger with a mortgage lender, the timing could hardly be...
11 hours ago
Singapore’s core inflation accelerates to 1.4%, headline inflation eases to 1.2% in February
Elysia Tan - MAS and MTI keep official forecasts for both at 1 to 2% for the full year
11 hours ago
Singapore’s core inflation rises to 1.4% in February, highest since December 2024
Authorities say Singapore’s import cost pressures are likely to rise in the near term.
11 hours ago
Singapore import costs to face pressure amid energy price hikes: MAS; Feb core inflation accelerates to 1.4%
Elysia Tan - It will update inflation outlook in April policy statement; MAS, MTI keep 2026 core and headline inflation forecasts at 1-2% but flag...
11 hours ago
Most SGX listcos fail to offer transparency on how executive bonuses are set: NUS study
Ranamita Chakraborty - SGX RegCo CEO Tan Boon Gin says executive pay serves as an important indicator of corporate value creation
11 hours ago
Oil whipsaws as war risks to energy facilities counter prospect of eased Iran sanctions
NEW DELHI, March 23 : Oil prices swung between gains and losses on Monday as investors weighed rising U.S. and Iranian threats over energy facilities against the release of millions of barrels of seaborne Iranian oil after Washington temporarily removed sanctions.Brent crude futures rose 65 cents to ...
11 hours ago
US crude spikes 3% as Iran threatens to hit Gulf power infra over Trump warning
NEW DELHI, March 23 : Oil prices rose on Monday after Iran's Revolutionary Guards said they would target Israel's power plants and those supplying U.S. bases in the Middle East in retaliation against any attack on its electricity sector.Brent crude futures rose $1.57 to $113.76 a barrel by ...
11 hours ago
Valuation dips for financial service M&As in S-E Asia despite more deals and global surge in ‘megadeals’: EY
Deon Loke - The fall in deal value signals a strategic move towards smaller acquisitions and minority investments
11 hours ago
DBS remains JP Morgan's top pick despite Iran War impact, IT outage
The Edge Singapore - While the local market and markets in Apac have taken the Iran War in their stride, with minimal impact thus far, a prolonged energy crisis could have a second-order impact, according to JP Morgan. In an update on Mar 22, JP Morgan says the shifts in the availability and price of energy should lead ...
11 hours ago
‘Trust the founder’? Grab’s super-voting share proposal raises governance questions for investors
Sharanya Pillai - Shareholders would have to be content as passengers in a vehicle ‘with a permanent driver’, says an observer
11 hours ago
IEA discussing further oil stock releases, chief Birol says
The executive director will travel to Japan later this week before a Group of Seven meeting
11 hours ago
Over 40 Middle East energy assets ‘severely damaged,’ IEA says
Asia is at the forefront of this crisis, because of its heavy reliance on crude from the region
12 hours ago
Would a subsidy clawback of 20% or more for top HDB BTO projects be excessive?
Leslie Yee - A Pearl’s Hill BTO flat may not be a slam dunk with tighter restrictions in place for Prime flats
12 hours ago
Would a subsidy clawback of 20 per cent or more for top HDB BTO projects be excessive?
Leslie Yee - A Pearl’s Hill BTO flat may not be a slam dunk with tighter restrictions in place for Prime flats
12 hours ago
Saudi Aramco cuts oil supply to Asia for second month in April
Saudi Arabia has exported 4.355 million barrels per day of crude so far in March
12 hours ago
DBS downgrades Singtel to ‘hold’ with Bharti’s share price easing
Nurdianah Md Nur - DBS Group Research analyst Sachin Mittal has downgraded Singapore Telecommunications (Singtel) to “hold”, citing limited upside after a sharp re-rating. He has lowered his target price to $5.36 from $5.71 previously. Over the past 12 months, Singtel’s share price has risen more than 51%, with ...
12 hours ago
Japan considers cutting inflation-linked bond buybacks as demand rises: sources
Since restarting issuance, the government has sought to nurture the market by guaranteeing principal and continuing with its buybacks
13 hours ago
Sinopec flags chemicals spending cut as profit pressure mounts
China’s massive oil reserves have given the world’s largest oil importer some breathing space to deal with the Middle East war