6 hours ago
Hongkong Land shares up 5% on S$1.45 billion sale of MBFC stake
Deon Loke - It is selling its stake to Keppel Reit, which will have two-thirds interest in the property upon completion
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
STMicroelectronics opens new 1-billion-euro credit line with EIB
Dec 11 : Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB).The first 500-million-euro slice will be used to support research and development and high-volume chip manufacturing in Italy and France, the ...
6 hours ago
STMicroelectronics announces 1-billion-euro credit line with the EIB
Dec 11 : Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB).The first 500-million-euro slice will be used to support research and development and high-volume chip manufacturing in Italy and France, the ...
6 hours ago
Oracle shares tumble as gloomy forecasts, higher capex reignite AI bubble concerns
Dec 11 : Oracle shares slumped nearly 11 per cent in premarket trading on Thursday after downbeat forecasts and higher capex fanned worries that its massive AI investments are taking longer than expected to pay off.Executives warned that capital expenditures for fiscal 2026 are now expected to be $1 ...
6 hours ago
Oracle shares drop 12% in Europe after forecasts miss Wall St targets
Dec 11 : Shares in Oracle opened almost 12 per cent lower in Frankfurt, tracking U.S. afterhour losses after the company forecast sales and profit that missed analyst estimates.Oracle said spending would rise by $15 billion compared with earlier estimates - a sign that big capital outlays to chase A ...
7 hours ago
Bitcoin dips below US$90,000 as AI worries dent risk appetite
Fresh concerns about artificial intelligence profits weighed on technology stocks
7 hours ago
Philippine central bank cuts policy rate, signals easing cycle nearing an end
MANILA, Dec 11 : The Philippine central bank cut its benchmark policy rate for the fifth straight meeting on Thursday to bolster growth, signalling its easing cycle is nearing an end, with any further moves to be limited and dependent on data.The Bangko Sentral ng Pilipinas lowered its benchmark rat ...
7 hours ago
Philippine central bank cuts policy rate by 25 bps to 4.50%, as expected
MANILA, Dec 11 : The Philippine central bank cut its key policy rate by 25 basis points to a three-year low of 4.50 per cent on Thursday, as expected by markets, and said the outlook for growth had weakened while inflation was benign. It was the fifth successive cut in the benchmark rate by the Ban ...
7 hours ago
More dissenters could signal increased resistance to future Fed rate cuts
Investors should be positioned for the Fed to continue easing at least once more in 2026, say analysts
8 hours ago
South Korea plans to relax rules on banking and commerce to spur investment
SEOUL, Dec 11 : South Korea plans to relax rules on the separation of banking and commerce in a bid to spur investment, Finance Minister Koo Yun-cheol said on Thursday, even as civic groups raise concerns that the move could only benefit big family-run conglomerates. "We won't interfere wi ...
8 hours ago
China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice Department
8 hours ago
Grab, Charge+ to build EV charging network in Vietnam
Jamille Tran - The attempt is expected to complement the existing dominance of VinFast charging facilities across the country
9 hours ago
Vietnam amends law to ban exports of raw rare earth minerals
Only companies with government approval will be permitted to exploit, process and use rare earths
9 hours ago
Short-term market rally likely after Fed rate cut, but analysts say 2026 will hinge on fundamentals
Tan Nai Lun - Asia markets ended mixed as the STI and KLCI gain, while Hang Seng, Nikkei and Kospi retreat
9 hours ago
Asian markets mixed post Fed cut; fundamentals should matter more with upcoming pause: analysts
Tan Nai Lun - The STI, Hang Seng Index and KLCI gain slightly, while Nikkei and Kospi retreat
9 hours ago
Li Ka-shing’s US$19 billion ports sale slows due to complex talks
CK Hutchison has said that it would not proceed with a transaction that did not have the approval of all relevant authorities
10 hours ago
Robotaxis are coming to Singapore, but the rest of South-east Asia might have to wait
Lionel Lim - Analysts say cost, manpower and infrastructure factors stand in the way of autonomous vehicles operating commercially in the region
10 hours ago
Asian traders cheer US rate cut but gains tempered by outlook
MOST Asian markets rose on Thursday as traders welcomed the Federal Reserve’s third straight interest rate cut, though the euphoria was tempered...
10 hours ago
DBS Group Research sticks with STI 10,000 target for 2040, expects index to hit 4,880 next year
Lin Daoyi - DBS Group Research is not deviating from its projection for the Straits Times Index (STI) to hit nearly 10,000 by 2040 in a report issued Dec 11. In order for the STI to reach this presumably giddy height, analysts Yeo Kee Yan and Foo Fang Boon make the following assumptions — continued improvemen ...
10 hours ago
Butter, milk and cheese prices slide as ‘stunning’ production floods global markets
Global production has accelerated across major exporters
10 hours ago
Vietnam brokerage VPBank's shares slide on trading debut
HANOI, Dec 11 : Shares of VPBank Securities, the brokerage arm of Vietnam Prosperity Bank, fell in their trading debut on Thursday following the company's $482 million initial public offering, Vietnam's largest in at least three years.As of 0650 GMT, the stock had extended its decline, sli ...
10 hours ago
Vietnam's VPBank Securities shares down on first day of trading
(Corrects company name in headline to VPBank Securities not VPBank)HANOI, Dec 11 : Shares of VPBank Securities, the brokerage arm of Vietnam Prosperity Bank, fell in their trading debut on Thursday following the company's $482 million initial public offering, Vietnam's largest in at least ...
11 hours ago
Fewer job vacancies in Q3 due to reduced labour churn and slower hiring: MOM
Resident unemployment fell for younger workers below 30, but inched up among workers in their 40s and 50s.
11 hours ago
Retrenchments rise slightly in Q3 amid restructuring, but hiring remains firm
Low Youjin - The retrenchments are concentrated in growth sectors such as financial services, professional services and information and communications
11 hours ago
AI’s US$400 billion problem: Are chips getting old too fast?
Cloud computing giants assumed that their chips and servers would last about six years
11 hours ago
Oracle knocks stocks as Fed's message drags on dollar
HONG KONG, Dec 11 : Stocks slid on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest rates.Oracle shares tumbled more than 11 per cent after ...
11 hours ago
Oracle knocks stocks as Fed's message weighs on dollar
HONG KONG, Dec 11 : Stocks wobbled around Asia on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest rates.Oracle shares tumbled more than 11 ...
11 hours ago
Hong Kong IPO boom obscures sharp drop in underwriter fee rates
The booming overall pipeline means banks may be less inclined to cut fees to win business
11 hours ago
Keppel REIT buys one-third stake in MBFC3 from Hongkong Land, with ROFR to one-third of ORQ and MBFC1&2
Teo Zheng Long - Keppel REIT is acquiring a one-third stake in Marina Bay Financial Centre Tower 3 for $937.5 million in what appears to be a distribution per unit dilutive (DPU) acquisition. The purchase price is pegged to an agreed property value of $1.453 billion, or $3,268 per square foot. This values the whole ...
11 hours ago
Keppel REIT buys one-third stake in MBFC3 from Hongkong Land in a DPU dilutive acquisition
Teo Zheng Long - Keppel REIT is acquiring a one-third stake in Marina Bay Financial Centre Tower 3 for $937.5 million in what appears to be a distribution per unit dilutive (DPU) acquisition. The purchase price is pegged to an agreed property value of $1.453 billion, or $3,268 per square foot. This values the whole ...
11 hours ago
JD.com's Jingdong Industrials opens down 7.8% in Hong Kong debut
HONG KONG, Dec 11 : Shares of Jingdong Industrials Inc, a unit of Chinese online retailer JD.com, opened down 7.8 per cent in their Hong Kong Stock Exchange debut on Thursday, after the company raised HK$2.98 billion ($383.08 million) in a listing. Shares of the industrial supply chain technology ...
11 hours ago
Keppel Reit to buy HK Land's one-third stake in MBFC Tower 3 at S$1.45 billion; launches S$886.3 million rights issue
Deon Loke - Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU
11 hours ago
Keppel Reit to acquire additional one-third stake in MBFC Tower 3; launches S$886.3 million preferential offering
Deon Loke - Entitled unitholders will be offered 23 new units for every 100 existing units held, at an issue price of S$0.96 per new...
11 hours ago
Analysts' appetite on Delfi remains strong amid lower cocoa prices to drive margins and growth
Samantha Chiew - In a Dec 10 report, RHB Group Research maintains its "buy" call on chocolate maker Defi with a target price of 94 cents, a drop from $1.33 previously. Analyst Alfie Yeo says: "We remain upbeat on Delfi, as cocoa prices are easing – which should strengthen margins. Despite lowering o ...