6 hours ago
TPG taps Maybank, UBS to explore Asia OneHealthcare sale or IPO: sources
TPG may decide to keep the Kuala Lumpur-based medical services provider
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Banks keep Australia shares at five-week high, US-Iran truce concerns linger
[SYDNEY] Australian shares edged higher on Thursday (Apr 9) to finish at a five-week peak, led by financials, as caution persisted over...
6 hours ago
Hanwha Aerospace drops plan to acquire Poongsan's defence unit
SEOUL, April 9 : South Korea's Hanwha Aerospace said in a regulatory filing on Thursday it has discontinued a review of whether to acquire Poongsan's defence business unit.Hanwha, which has emerged as South Korea's leading defence firm, was reported to have been considering the acquis ...
7 hours ago
Digital Realty to invest nearly $7 bil in Singapore to support Apac’s AI inference growth
Nurdianah Md Nur - Cloud- and carrier-neutral data centre platform Digital Realty is targeting nearly $7 billion in total investment in Singapore to support the city-state as a hub for artificial intelligence (AI) inference in Asia Pacific. More than $4.3 billion will be allocated to new data centre development, build ...
7 hours ago
China considers financial aid for airlines hit by oil shock: sources
Subsidies, tax breaks, mergers, and state-backed low-interest loans are options being explored
7 hours ago
Seven & i delays listing of North America business
8 hours ago
ESR clinches US$850 million in equity for logistics real estate, data centre growth
Therese Soh - This comes amid the company’s long-term strategic transformation into a more focused business
8 hours ago
Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit
TOKYO, April 9 : The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 29.4 per cent just before the Middle East crisis roiled global markets and supply chains, and raised its full-year forecast. Fast Retailing said its operating profit was 189.8 billion yen ($1.19 ...
9 hours ago
Foreign investors pour 3 trillion yen into Japanese stocks on return after three weeks
JAPANESE stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of...
9 hours ago
Japan's consumer mood worsens as Iran war clouds chance for April rate hike
TOKYO, April 9 : Japan's consumer confidence worsened in March at a pace unseen since the COVID-19 pandemic in 2020, a government survey showed, swelling the toll on a fragile economy from soaring fuel costs caused by the Middle East conflict.The findings underline recent data fleshing out the ...
9 hours ago
Japan's consumer mood worsens in March as Iran war bites
TOKYO, April 9 : Japan's consumer confidence worsened in March for the first time in three months, a government survey showed on Thursday, adding to growing signs that soaring fuel costs from the Middle East conflict were taking a toll on the fragile economic recovery.An index measuring consume ...
9 hours ago
Kia delays launch of software-focused cars, unveils big hike to investment plans
SEOUL, April 9 : South Korea's Kia Corp said on Thursday it had pushed back plans to build "software-defined vehicles" by one year to 2028, and announced a hefty hike in investment plans, underscoring its struggles to catch up with the likes of Tesla.Shares in the automaker tumbled on ...
9 hours ago
Kia boosts investment plan by 30% over the next four years; shares fall
SEOUL, April 9 : South Korean automaker Kia Corp plans to boost its investment plan over the next four years by 30 per cent to boost vehicle electrification, software and other new businesses, according to an investor presentation on Thursday. The company plans to raise its investments to 41.4 trill ...
9 hours ago
South Korea's Kia slashes long-term EV target by a fifth
SEOUL, April 9 : South Korea's Kia Corp on Thursday cut its 2030 target for electric vehicle sales by about 20 per cent to 1 million, reflecting weaker demand and the scrapping of EV subsidies in the U.S. last year.Shares in the automaker slid, trading down 4.2 per cent after earlier having ris ...
9 hours ago
South Korea's Kia cuts 2030 EV target over 20%, plans humanoid robots at US factory
SEOUL, April 9 : South Korea's Kia Corp said on Thursday that it aims to sell 1 million electric vehicles (EVs) by 2030, lowering its earlier target by about 20 per cent from 1.26 million announced last year, reflecting weaker EV demand and the impact of the U.S. scrapping EV subsidies last yea ...
9 hours ago
Arm CEO Haas in line to lead much of parent SoftBank's international business, FT reports
April 9 : Chip designer Arm's CEO Rene Haas is in line to lead much of parent SoftBank Group's international business while keeping his current role at Arm, the Financial Times reported on Thursday, citing multiple people familiar with the matter. SoftBank and Arm, which is majority-owned ...
9 hours ago
OVHcloud launches new unit to meet demand from European militaries
April 9 : France's OVHcloud is creating a dedicated defence vertical after several European defence ministries approached it to support their military digital transformation, the datacentre operator said on Thursday.Their needs include AI-augmented command, drone orchestration and communication ...
9 hours ago
Sheng Siong, DBS among winners from Singapore’s S$1 billion energy support package: RHB
Deon Loke - Most direct equity beneficiaries are in consumer staples and heartland retail, it says
9 hours ago
Samsung family member is said to sell up to 3.1 trillion won in shares
The seller is also conducting a sale of 206,633 preferred shares, according to the terms
9 hours ago
Hilton inks agreement with Regenta Hotels to sign, open 125 Hampton by Hilton hotels in India
Jovi Ho - New York-listed hospitality chain Hilton has signed an agreement with Regenta Hotels to sign and open 125 Hampton by Hilton hotels in India. According to an April 8 announcement, the partnership accelerates Hilton’s upper-mid-scale expansion in India, where rising domestic travel and growing deman ...
10 hours ago
BOJ chief says Japan's financial conditions remain accommodative
TOKYO, April 9 : Bank of Japan Governor Kazuo Ueda said on Thursday real interest rates are clearly negative and keeping the country's financial conditions accommodative."There is a possibility increased fiscal spending could crowd out private investment by pushing up market interest rates ...
10 hours ago
Australian pensions suffer worst month since 2022 on Iran War
While shares have rebounded in April, markets were back on edge by Apr 9
10 hours ago
Foreign investors pour $18.65 billion into Japanese stocks on return after three weeks
April 9 : Japanese stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of selling, with investor sentiment stabilizing ahead of a ceasefire in the Iran war.Foreigners invested a net 2.96 trillion yen ($18.65 billion) into Japanese sto ...
10 hours ago
ESR secures US$850 million from existing shareholders to fund Asia growth
The company says that it serves more than 1,500 logistics customers
10 hours ago
China tankers join line to test Hormuz exit and US-Iran ceasefire
A successful crossing is not yet guaranteed, as several vessels have turned back at the last moment
11 hours ago
Goldman Sachs lowers second-quarter 2026 oil price forecasts
April 9 : Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-week ceasefire.Previously, the bank forecast Brent and West Texas Intermediate (WTI) oil prices to average $9 ...
11 hours ago
Time to buy US AI, tech names if Middle East de-escalation holds, say analysts
Chloe Lim - Singapore will also be the first to see clear benefits as AI comes to fore in Asia
11 hours ago
URA puts up two prime condo sites at Newton, River Valley for sale
Ry-Anne Lim - They are expected to yield 785 new private homes in total
11 hours ago
Japan Finance Minister flags impact of cross-market volatility on interest rates
TOKYO, April 9 : Japanese Finance Minister Satsuki Katayama said on Thursday recent market turmoil has underscored how sharply interest rates can be driven by volatility spilling over from other markets, a dynamic she said had become too significant to overlook."Financial markets have seen an e ...
11 hours ago
Malaysian tycoon Syed Mokhtar said to mull property company IPO
WM Senibong develops property including luxury homes in Malaysia’s Johor state
12 hours ago
SBF refreshes TAC Alliance; new capability framework, corporate governance badge unveiled
Low Youjin - This will help trade associations and chambers better navigate a more volatile operating environment, says SBF
12 hours ago
SBF refreshes TAC Alliance with new capability framework, corporate governance badge
Low Youjin - This will help trade associations and chambers better navigate a more volatile operating environment, says SBF
12 hours ago
US court expedites Anthropic's legal battle with Department of Defense
The ruling stems from the Pentagon designating Anthropic, creator of the Claude AI model, as a national security supply chain risk - a label typically reserved for organisations from unfriendly foreign countries.
12 hours ago
Disney plans to cut 1,000 jobs, WSJ reports
WALT Disney is planning to cut as many as 1,000 positions in the coming weeks, many of which will be made in...