Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

Singapore Stock Market News Singapore Business News Singapore Market Updates



10 hours ago
Amazon adds US$230 million in cloud credits to AI startups
AMAZON said it is investing US$230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages.
10 hours ago
European dairy, pork producers wary of Chinese retaliation for EV tariffs
SHANGHAI: Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China after the European Union's decision on Wednesday (Jun 12) to
10 hours ago
Analysis:EU's new AI rules ignite battle over data transparency
LONDON : A new set of laws governing the use of artificial intelligence (AI) in the European Union will force companies to be more transparent about the data used to train their systems, prying open one of the industry's most closely guarded secrets.In the 18 months since Microsoft-backed OpenA ...
10 hours ago
EU’s move to hit Chinese EV makers with higher tariffs will not affect pricing much: Experts
The European Union is set to impose additional tariffs of up to 38.1 per cent on Chinese electric vehicle imports in July, but these levies could be adjusted.
10 hours ago
St James’s Place hires former Credit Suisse banker as CFO
ST James’s Place has named Caroline Waddington, an ex-Credit Suisse banker, as its new chief financial officer.
10 hours ago
🤔 Pursue your dream job, they said
Chloe Lim - Find out more and sign up for thrive at bt.sg/thrive 🙊 Reality check?Gen Zs today are bravely charting new career paths for themselves, with many choosing to pursue their passions full-time in areas such as content creation or F&B.
10 hours ago
Singapore shares rise on lower US inflation, rate-cut possibility; STI up 0.5%
Yong Jun Yuan - SINGAPORE shares ended higher on Thursday (Jun 13), as markets were encouraged by easing US Consumer Price Index (CPI) figures and the possibility of more interest-rate cuts by the US Federal Reserve.
10 hours ago
Market Focus Daily: Thursday, June 13, 2024 (Ep 81)
Asian markets rally after Fed delays rate cuts; Congestion in the port of Singapore drives shipping costs up 26%; Goh family proposes privatisation offer for Ossia International.
10 hours ago
Navigating China's markets
Daryl Guppy - “What are your plans for expanding your business in China?” This recent inquiry from a client prompts strategic considerations, where the best course of action is not always clear-cut. The unspoken assumption is that the vastness of the Chinese market ensures space for any product or service. Ev ...
10 hours ago
Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm
SAMSUNG Electronics said on Thursday (Jun 13) its chairman met with the heads of Meta, Qualcomm and Amazon this week to discuss cooperation and that topics included artificial intelligence, cloud services and chips.
10 hours ago
Apple Intelligence and AI for the rest of us
Assif Shameen - Just 19 months ago, global markets bottomed out, with the US benchmark S&P 500 index grazing the 3,577 mark on Oct 12, 2022. The market is up over 50% since. The main driver of the bull run has been the advent of generative artificial intelligence (Gen AI). Six weeks after the markets bottomed o ...
11 hours ago
Emirates to begin using sustainable aviation fuel on flights leaving Changi Airport
Douglas Toh - United Arab Emirates (UAE) flag carrier Emirates has begun using sustainable aviation fuel (SAF) as part of its fuel agreement with Finnish energy company, Neste, on flights departing from Singapore Changi Airport, with the airport integrating around 3.3 million litres of blended SAF into its fuell ...
11 hours ago
Geely’s Proton unveils Malaysia’s first local electric car
PROTON Holdings, the Malaysian carmaker backed by China’s Geely Automobile Holdings, has unveiled the South-east Asian country’s first homemade electric vehicle brand.
11 hours ago
ISEC Healthcare seeks regional growth in eyecare space
Samantha Chiew - The global eyecare industry is growing rapidly due to an ageing population and rising eye disease rates. The Vision Atlas report by the International Agency for the Prevention of Blindness (IAPB) predicts a 55% increase in vision loss over the next 30 years, affecting 600 million more people. The IA ...
11 hours ago
Transforming Singapore's tourism sector with AI
Samantha Chiew - A cornerstone of the local economy, the tourism industry stands at the cusp of a technological revolution. Embracing the global shift towards digital transformation, the Singapore Tourism Board (STB) is harnessing the power of artificial intelligence (AI) to elevate its service standards and propel ...
12 hours ago
It only takes a spark: 3% of what GIC manages
Chew Sutat - There has been much chatter by different parties recently about the need for a revival in our local stock market across various media. Usual suspects Sias, Society of Remisiers, SG Listcos (which I chair) and even the local venture capital association have aligned our collective interest in seeking ...
12 hours ago
Fred Perry holds the key to SGX's woes
Nirgunan Tiruchelvam - Fred Perry, a tennis player who retired in 1939, may have much to teach the Singapore Exchange (SGX). Fred Perry was from an English working-class family. His father was a textile factory worker. Perry overcame the class prejudices of his era. He was blessed with height and iron wrists. He towered o ...
12 hours ago
Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says
LONDON : Fast-fashion group Shein committed to engage on issues including sustainability and ethical labour policies when it was allowed to join the British Retail Consortium (BRC), the head of the industry body told Reuters.Shein is stepping up preparations for a London listing but faces growing op ...
12 hours ago
Shein committed to engage on sustainability, labour when it joined British Retail Consortium
LONDON: Fast-fashion group Shein committed to engage on issues including sustainability and ethical labour policies when it was allowed to join the British Retail Consortium (BRC), the head of the industry body told Reuters. Shein is stepping up preparations for a London listing but faces growing op ...
12 hours ago
Musk says Tesla shareholders voting for his pay package by ‘wide margins’
TESLA CEO Elon Musk said late on Wednesday (Jun 12) that the electric vehicle company’s shareholders were voting to approve his multibillion-dollar pay package by “wide margins” before the ballot had been concluded.
12 hours ago
How to jump-start the stock market
The Edge Singapore - With IPO markets at a standstill, venture capitalists have joined the call for something significant to be done for the Singapore stock market. Different players in the market ecosystem weigh in For years, the Singapore market has endured descriptions ranging from “listless” to “boring” to ...
12 hours ago
Swatch shakes up executive committee as luxury slowdown persists
SWATCH Group is shaking up its executive management committee just months after the watch and jewellery maker faced investor calls for improved corporate governance.
12 hours ago
‘Door open’ for multiple cuts this year despite Fed’s move to hold rates steady
Navene Elangovan - DESPITE the US Federal Reserve dialling back on its forecast for cuts following its latest policy meeting, analysts say that the “door is open” for two cuts this year, with most expecting the first to come as early as September.
12 hours ago
ETFs, new investment products and a Big Bang IPO
The Edge Singapore - MSCI Global Investable Market Indexes (GIMI) are indexes weighted by market capitalisation. According to MSCI, the weight of index constituents is determined as a ratio of its free float-adjusted market cap relative to the total free float-adjusted market cap of all index constituents of the index. ...
12 hours ago
ECB’s Vasle says more 2024 cuts probable in baseline scenario
Bloomberg - More euro-area interest-rate reductions are likely if the European Central Bank’s expectations for a further slowdown in inflation materialise, according to Governing Council member Bostjan Vasle. “If the baseline scenario is realised and the data are favourable, then we can probably expect furt ...
12 hours ago
The market needs an extraordinary push to get out of the orbit
The Edge Singapore - One of the proposals bandied about is for funds managed by the state or government-linked entities to play a more active role. One company that would never say it has not benefitted from such support is chip-tester AEM Holdings . Local private equity (PE) firm Novo Tellus, led by co-founder and mana ...
12 hours ago
Musk says Tesla shareholders voting for his pay package by 'wide margins'
NEW YORK: Tesla CEO Elon Musk said late on Wednesday (Jun 12) that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded. The firm has campaigned to
12 hours ago
As some pull the IPO plug, others await window to reopen
The Edge Singapore - When market observers lament about low IPO numbers and post-listing trading interest, they often overlook the fact that many companies do want to list and do need the capital. They also want to be priced fairly by the market. What professional services firm Forvis Mazars has observed is telling. It ...
12 hours ago
Watch for balance sheet liquidity, not just P/NAV
Goola Warden - Developers have been sold down — in particular two seemingly blue-chip names, City Developments (CDL) and UOL Group. They aren’t the only ones. Hong Fok is testing two-year lows. Ho Bee Land appears poised to break below the confluence of its 100- and 200-day moving averages at $1.81. Its last d ...
12 hours ago
Reliance's Jio Platforms clears hurdle in bid to launch satellite internet in India
BENGALURU : A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said.The three approvals issued to Orbit Connect India - which a ...
12 hours ago
Views from the trenches: Listcos given unfair valuations
The Edge Singapore - Veterans like Lim & Tan remisier S Nallakaruppan recall the palpable excitement in 1993 when citizens were offered discounted IPO shares of Singapore Telecommunications (Singtel) using their CPF money. That move sparked an epic period of market excitement, making Singtel the most widely held sto ...
12 hours ago
South Korea to extend stock short selling ban through next Mar 30
SOUTH Korea is extending a ban on stock short selling through the end of March next year as financial authorities seek to buy enough time to ready a system to detect illegal trading activities.
12 hours ago
Thai PM says setting new inflation target range should increase rate cut chance
BANGKOK : An upcoming review of Thailand's inflation target range by the central bank and finance ministry should increase the chance of a rate cut, Thai Prime Minister Srettha Thavisin said on Thursday.The central bank left its key interest rate unchanged for a fourth straight meeting on Wedne ...
12 hours ago
SGX calls attention to rubber derivatives amid supply shortage
Jovi Ho - The Singapore Exchange (SGX) Group, itself listed on the bourse, has reported revenue across four segments since the release of its results for 1HFY2024 ended Dec 31, 2023. They are fixed income, currencies and commodities (FICC); cash equities; equity derivatives; and platform and others. Up until ...






Advertisement