15 hours ago
Daily Debrief: What Happened Today (Nov 25)
Stories you might have missed
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
15 hours ago
Volkswagen to export Chinese-made cars to more overseas markets
It has no plans to export them to Europe due to a difference in electronic architecture and software technology for smart vehicles
15 hours ago
Barclays sees surge in Africa, Asia cross-border deal flows
The Middle East, India and Singapore are doing more transactions in the region, and this will likely increase in 2026
15 hours ago
Residential tower Starpoint in Pasir Panjang sold for S$55.3 million to Stalford International Education
Jessie Lim - The education service provider plans to redevelop the site into a hotel, hostel or serviced apartment
15 hours ago
PhillipCapital's Chew maintains 'buy' call on TeleChoice International
The Edge Singapore - Paul Chew of PhillipCapital has kept his "buy" call and 21.5 cents target price for TeleChoice International following its set of mixed 3QFY2025 numbers. For the three months to Sept, the company's revenue was within expectations, driven by contributions from logistics and distributio ...
16 hours ago
iFly Sentosa parent sues Simba over equipment ‘trespass’
Young Zhan Heng - Skyventure VWT alleges the equipment has resulted in revenue loss
16 hours ago
TSMC files lawsuit against former executive on security concerns
TAIPEI :Taiwan Semiconductor Manufacturing Co said on Tuesday it had filed a lawsuit in the Intellectual Property and Commercial Court against its former Senior Vice President Wei-Jen Lo, who recently joined Intel.In an emailed statement to Reuters, TSMC said the lawsuit is based on the terms of the ...
16 hours ago
Singapore stocks fall, bucking regional gains; STI down 0.2%
Tan Nai Lun - Across the broader market, gainers outnumber losers 310 to 247 after 1.3 billion securities worth S$1.4 billion change hands
16 hours ago
Keppel REIT obtains three loan facilities totalling A$440 mil
Nicole Lim - Keppel REIT has obtained three loan facilities totalling A$440 million ($370.18 million) on Nov 25. The three loan facilities are A$120 million, A$120 million and A$200 million respectively. The usage of these loan facilities have not been specified by Keppel REIT. All three loan facilities contain ...
16 hours ago
Twelve Cupcakes owes over S$1m to creditors; workers may get Oct salary in Q1 2026
Liquidators hope to pay October salaries for 80 staff in early 2026, subject to asset recoveries
16 hours ago
France seeks three-month suspension of Shein over sex dolls
PARIS :The French government will ask a Paris judge on Wednesday to order the suspension of Chinese online platform Shein in the country for three months over sales of childlike sex dolls and banned weapons, a finance ministry official said on Tuesday.Shein has already disabled its marketplace - whe ...
16 hours ago
France seeks 3-month suspension of Shein, ministry official says
PARIS :A French finance ministry source said the government will ask a court on Wednesday to suspend Shein’s website in France for three months.The French government on November 5 started the process to block Shein in France after it found childlike sex dolls and weapons for sale on its site, the ...
16 hours ago
AI overtakes growth plans in Asia’s boardrooms for 2026: report
Nurdianah Md Nur - Artificial intelligence (AI) has overtaken growth, cybersecurity and geopolitical risks as a top priority for nearly half (48%) of governance leaders in Asia heading into 2026. This is according to the APAC Governance Outlook 2026 report by the Diligent Institute, developed with the Singapore Instit ...
17 hours ago
European digital rule-book not up for negotiation, says EU's Ribera
BRUSSELS :The European digital rule-book is not up for negotiation, European Commission Vice President Teresa Ribera said in response to comments made by U.S. Commerce Secretary Howard Lutnick. Lutnick on Monday said that the European Union should make its regulation of the tech sector more "ba ...
17 hours ago
Meta in talks to spend billions on Google's chips, The Information reports
Facebook parent Meta is in discussions with Alphabet's Google to spend billions on using Google's AI chips in its data centers from 2027 and to rent chips from Google Cloud by next year, The Information reported on Monday. Google has pitched tensor processing units, or TPUs, as a cheaper a ...
17 hours ago
Johor, Ditrolic Energy partner World Bank’s IFC to develop US$6 billion solar-and-storage hub to power JS-SEZ
Tan Ai Leng - The project is expected to generate 125,000 jobs and enable renewable-energy transmission to Singapore
17 hours ago
RHB's Natarajan keeps IREIT Global's target price at 35 cents
The Edge Singapore - Vijay Natarajan of RHB Bank Singapore has kept his "buy" call and target price of 35 cents on IREIT Global after its 3QFY2025 operational update, where no major surprises were thrown up. From his perspective, the key catalyst for this REIT, which is trading at a yield of 7%, remains its on ...
17 hours ago
ECB reviews claims Deutsche Bank downplayed financial risks
It underplayed risks in its balance sheet and gave misleading picture of its financial health
17 hours ago
Shell and Ferrari sign long-term green power supply deal
Power purchase agreements are rising in Italy as manufacturers lock in energy costs and secure green power
17 hours ago
uSmart initiates ‘hold’ on Kimly due to stagnant income growth
Samantha Chiew - uSmart is initiating coverage on Kimly with a “hold” and 40 cents target price. Analyst Eng Thiam Choon notes that Kimly is one of Singapore’s largest traditional coffee shop operators, generating majority of its revenue from its food retail division, selling mixed vegetable rice, dim sum, zi ...
17 hours ago
Singapore court clears way for US$2.7 billion suit against Standard Chartered over alleged role in 1MDB fraud
SINGAPORE: A Singapore court has cleared the way for a US$2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds said
17 hours ago
UK financial sector makes slow progress on preparations for new settlement system
40% of respondents in a survey say they will miss an interim deadline of Dec 31, 2026
17 hours ago
uSMART initiates ‘buy’ on Starhill Global REIT with target price of 67 cents
Teo Zheng Long - uSMART’s Eng Thiam Choon has initiated “buy” on Starhill Global REIT with a target price of 67 cents. In his report dated Nov 25, Eng mentioned that Starhill Global REIT continues to demonstrate operational resilience through proactive lease renewals, asset enhancement initiatives, and prudent ...
18 hours ago
UK’s Domino's Pizza CEO steps down as strategy shift takes hold
The move comes as the chain broadens its focus beyond core pizzas to drive growth in a tough market
18 hours ago
More regulatory support is needed to encourage the use of transition credits in Asean’s decarbonisation process
Janice Lim - [SINGAPORE] The energy transition momentum in South-east Asia has reached a milestone, as a coalition of partners convened by the Monetary Authority...
18 hours ago
Xiaomi founder Lei Jun’s HK$100 million share purchase sparks stock rebound
The move lifts Lei’s stake to 23.26%
18 hours ago
Lion Global launches Singapore’s first physical gold fund with min. investment amount of $1
Daoyi Lin - Investors in Singapore may start investing in Singapore’s first physical gold fund launched by Lion Global, with MariBank customers being able to start investing from as low as $1 on the digital bank's app. Gold prices shot through the roof in 2025, reaching an all time high of more than US$4 ...
18 hours ago
Polish antitrust watchdog investigates Apple over privacy policy
WARSAW :Poland's anti-monopoly office UOKiK is investigating whether Apple is restricting competition in the mobile advertising market through its privacy policy, it said on Tuesday.The regulator suspects that the tech giant's App Tracking Transparency (ATT) framework, introduced in iOS 14 ...
18 hours ago
Sri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended
Therese Soh - The dual-listed group says it is working to ensure that operations continue with minimal business impact
18 hours ago
Shell agrees to buy 100,000 barrels of petrol from Indonesia's Pertamina amid shortage
[JAKARTA] Fuel retailer Shell has agreed to buy 100,000 barrels of petrol from Indonesia’s state energy firm Pertamina, the country’s deputy energy...
19 hours ago
European defence stocks slide on Ukraine peace talks, but Morningstar says investors overreacting
Jovi Ho - The White House says US President Donald Trump is “optimistic that a deal can be struck” to end Russia’s war in Ukraine following talks in Geneva, Switzerland. US and Ukraine negotiators have reportedly drawn “an updated and refined peace framework”, removing some of Russia’s demands fro ...
19 hours ago
ABN Amro to cut 5,200 jobs by 2028
It wants to cut costs and optimise capital allocation to boost profitability
19 hours ago
Lincotrade & Associates to raise $2.2 mil via 10 mil share placement
Felicia Tan - Lincotrade & Associates is looking to raise $2.2 million by placing 10 million shares at 22 cents per share. The company entered into a placement agreement with SAC Capital on Nov 24. The proposed placement is not underwritten and will not be undertaken by way of an exempt offering per Section 2 ...
20 hours ago
OCBC’s Lion Global Investors launches Singapore’s first insured physical gold fund
Chloe Lim - It seeks to track the performance of London Bullion Market Association Gold Price AM