12 hours ago
China’s ICBC launches 80 billion yuan technology innovation fund
[BEIJING] Industrial and Commercial Bank of China, the world’s biggest commercial lender by assets, announced on Wednesday (Mar 12) the launch of...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
12 hours ago
Porsche’s net profit slashed by a third in 2024, keeps dividend stable
The luxury carmaker is in the midst of a cost-cutting drive, shrinking its workforce by just under 4,000 jobs and planning further...
13 hours ago
Chocolate Finance slaps limits on card transactions; says ‘no set timeline’ for instant withdrawal resumption
Isabelle Chong - The company has paused all card transactions and instant withdrawals
13 hours ago
Trump nominates entrepreneur Anji Sinha as Singapore envoy; appointment pending Senate confirmation
Therese Soh - Little appears to be known about Dr Sinha, who does not have a presence on websites or social media
13 hours ago
Trump nominates entrepreneur Anji Sinha as Singapore ambassador; appointment pending Senate confirmation
Therese Soh - Little appears to be known about Dr Sinha, who does not have a presence on websites or social media
13 hours ago
US tech firm Salesforce to invest US$1 billion in Singapore
US cloud software giant Salesforce said Wednesday (Mar 12) it planned to invest US$1 billion in Singapore over the next five years to boost the use of artificial intelligence agents (AI) in the workforce. The island state has been increasingly turning to technology to solve its workforce problem as ...
14 hours ago
Analysis: Pakistan pauses rate cuts, but likely not for long
KARACHI: With inflation cooling, Pakistan's central bank hit pause on its multiple rounds of monetary easing that might have risked destabilising its currency or worsening the trade deficit. Economists said the government should shift its focus to implementing economic reforms as interest rate ...
14 hours ago
Analysis:Pakistan pauses rate cuts, but likely not for long
KARACHI :With inflation cooling, Pakistan's central bank hit pause on its multiple rounds of monetary easing that might have risked destabilising its currency or worsening the trade deficit.Economists said the government should shift its focus to implementing economic reforms as interest rate c ...
14 hours ago
Seven & i's management reshuffle continues as two independent directors resign
TOKYO :Two independent directors of Japan's Seven & i Holdings have resigned, the convenience store operator said on Wednesday, as it rejigs its management in the face of a $47 billion takeover bid from Canada's Alimentation Couche-Tard.Jenifer Rogers and Elizabeth Meyerdirk resigned e ...
14 hours ago
Two Seven & i outside directors resign
TOKYO : Two outside directors of Japan's Seven & i Holdings have resigned, the convenience store operator said on Wednesday.Jennifer Rogers and Elizabath Meyerdirk resigned effective Tuesday, the company said in a statement.The company has been fending off a $47 billion takeover bid from Ca ...
14 hours ago
South Korean steelmakers eye US production, higher-value products as Trump tariffs kick in
SEOUL/SYDNEY : Two major South Korean steelmakers are considering their investment options in new facilities as major producers worldwide brace for increased tariffs on U.S. steel and aluminium imports that came into force on Wednesday.The options include investment in operations in the U.S., they s ...
14 hours ago
Musk’s Starlink and India’s Reliance sign surprise satellite Internet deal
The deal follows a similar partnership announcement between Starlink and India’s No 2 telecom player Bharti Airtel a day before
15 hours ago
Cathay Pacific’s 2024 profit rises marginally
[HONG KONG] Cathay Pacific Airways reported a marginal rise in its full-year profit on Wednesday, following a stronger second half due to...
15 hours ago
Spotify says it paid $10 billion in royalties in 2024
Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year.Nearly 1,500 artists earned over $1 million in royalties from Spotify last year, the Swedish streaming giant said.Spotify said its yearly payout to the music industry had r
15 hours ago
Temasek takes bite of India’s Haldiram’s snacks at valuation of US$1 billion: sources
[NEW DELHI] Singapore’s state investment company Temasek has signed a deal to pick up close to a 10 per cent stake in the snacks...
15 hours ago
Where in Asia to stretch your Singapore dollar furthest
Mario Monreal - [SINGAPORE] The Business Times examines the regional currencies that have undergone significant movements, analysing their historical trajectories to gauge their direction for...
15 hours ago
Where in Asia to stretch your Singdollar furthest
Mario Monreal - [SINGAPORE] Using as a baseline the Singapore dollar/Japanese yen value from a year ago, The Business Times examines the regional currencies that...
15 hours ago
Chip-design firm SkyeChip said to consider Malaysia IPO this year
The company is targeting a price that would value it at more than RM1 billion: sources
15 hours ago
Asean’s Digital Economy Framework Agreement will ensure no SMEs, MSMEs left behind, says Malaysian minister
Tan Ai Leng - DEFA may be finalised by this September or October; implementation aimed for 2026
16 hours ago
China’s 10-year bond yield nears key 2% level as pressure mounts
The next crucial test for the world’s second-biggest debt market will come on Friday
16 hours ago
China’s 10-year bond yield eyes key 2% level as pressure mounts
The next crucial test for the world’s second-biggest debt market will come on Friday
16 hours ago
MAS engaging Chocolate Finance to ensure orderly customer withdrawals
Crystal Heng - The company says that all customers’ investment funds are securely held in ‘segregated, ringfenced accounts’
16 hours ago
Singapore, Vietnam upgrade ties to Comprehensive Strategic Partnership
Elysia Tan - They are expected to deepen cooperation in new and emerging areas, including the digital economy, renewable energy and carbon credits
16 hours ago
Cathay Pacific's annual profit rises 1% on higher passenger volumes
Hong Kong's Cathay Pacific Airways reported a marginal 1 per cent rise in its full-year profit on Wednesday, driven by higher passenger volumes and lower fuel prices, partly offset by a continued normalisation of passenger yields in the second half.Hong Kong's flagship airline posted a net ...
16 hours ago
Bank of Japan’s Ueda signals little concern over highest yields since 2008
The governor’s remarks come as the nation’s government bond yields continue to rise
16 hours ago
Australia to consider allowing dual-class share listings, exchange executive says
[SYDNEY] The Australian Securities Exchange (ASX) is considering allowing dual-class shares to be listed for the first time as the exchange operator...
16 hours ago
Puma cites tariffs, geopolitical tensions in 2025 forecast
The company expects that measure of earnings to be in the range of 445 million to 525 million euros – well below...
17 hours ago
NASA SPHEREx telescope is launched to study universe's origins
A NASA telescope was launched into space from California on Tuesday for a mission to explore the origins of the universe and to scour the Milky Way galaxy for hidden reservoirs of water, a key ingredient for life.The U.S. space agency's megaphone-shaped SPHEREx - short for Spectro-Photometer fo ...
17 hours ago
Asia: Most stocks drop as Trump trade policy sows uncertainty
[HONG KONG] Asian equities mostly fell on Wednesday as investors fret over Donald Trump’s ever-changing trade policies amid increasing concern that his...
17 hours ago
World Bank forecasts Vietnam's 2025 GDP growth at 6.8%
HANOI : Vietnam's gross domestic product is projected to grow 6.8 per cent in 2025, the World Bank said on Wednesday, while noting that the export-driven economy continues to face global uncertainties.
17 hours ago
CPF Special, MediSave and Retirement Accounts’ interest rate remains at 4% for Q2 2025
Crystal Heng - Rates for the Ordinary Account and HDB housing loans are also unchanged
17 hours ago
China leads increased EV purchases as EU tariffs start to hit
[BEIJING] China in February again led purchases of electric vehicles (EVs), which increased worldwide versus a year ago, even as European Union...
17 hours ago
Reliance Jio ties up with Musk's Starlink for satellite internet in India
India's Reliance Jio said on Wednesday it signed a deal with Elon Musk's SpaceX to bring Starlink's internet services to India, a day after rival Bharti Airtel inked a similar pact.Both deals are conditional upon Starlink obtaining government approval to begin operations in the countr ...
17 hours ago
Musk, Ambani join hands in surprise Starlink India internet deal
NEW DELHI :Mukesh Ambani's Reliance Jio signed a deal with Elon Musk's SpaceX to bring Starlink satellite internet services to India, a surprise move from the billionaires after being at odds for months over how the country should grant them spectrum.India's largest telecom operator w ...