8 hours ago
Boeing expects to start delivering improved 787 Dreamliners in first half
[SINGAPORE] Boeing expects to begin delivering improved 787-9 and 787-10 Dreamliners to airlines in the first half of this year, enabling longer...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
Anthropic's AI plug-ins shake India's staffing-intensive IT sector; stocks dive 6%
Feb 4 : Shares of Indian IT exporters slumped 6.3 per cent on Wednesday, tracking losses in global software stocks, after Anthropic launched new tools that heightened concerns over AI-driven disruption in the data and professional services industry.U.S.-based Anthropic on Friday launched plug-ins ...
8 hours ago
Indian tech stocks slump as Anthropic's AI tool raises global staffing concerns
Feb 4 : Shares of Indian IT exporters slumped 6 per cent on Wednesday, tracking losses in global software stocks, after AI developer Anthropic launched new tools that heightened concerns over AI-driven disruption in the data and professional services industry.Anthropic launched plug-ins for its Clau ...
8 hours ago
Global investors shun Thailand as election overhang hits assets
The nation’s assets have fallen out of favour amid a sluggish economy, weak tourism and recurring political unrest
8 hours ago
Nintendo shares slide 10% as momentum fears grow
[TOKYO] Nintendo shares slid 10 per cent on Wednesday (Feb 4) as investors fretted about momentum for its flagship Switch 2 gaming...
8 hours ago
As condo prices rise, upgraders push landed home sales to highest in years
Jovi Ho - Despite the year-end holidays, Singapore’s landed housing market notched the most number of transactions in years, according to property agencies. Based on the Urban Redevelopment Authority’s (URA) Realis caveat data, the number of landed transactions (excluding strata-landed) rose for a third s ...
8 hours ago
Philippine garment makers find they can’t quit the US just yet
Long-standing relationships built over decades with American clients have helped to soften the blow
9 hours ago
Thales steps up Singapore investments across advanced manufacturing and digital tech
Nurdianah Md Nur - Thales will boost the manufacturing capabilities of its Singapore Cybersecurity & Digital Identity Manufacturing Competence Centre through increased automation. The 21,000-square-meter Singapore facility produces over 200 million banking cards, 12 million identity cards, and nearly 10 million pa ...
9 hours ago
Exclusive-South Korea eyes dollar bond issuance for pension fund this year
SEOUL, Feb 4 : South Korea's vice welfare minister said she hopes the National Pension Service (NPS) will start issuing foreign-currency bonds by the end of the year, a move that will strengthen efforts to diversify financing amid rising exchange-rate volatility."The sooner, the better. It ...
9 hours ago
Hong Kong property bets grow as private credit fund plans to double investment
The commercial real estate sector remains under pressure, offering opportunities for lenders willing to take more risk
9 hours ago
GIC, Temasek revamp how they deal with hedge funds
Temasek said last year it invested in about 10 hedge funds
9 hours ago
DBS maintains $5.71 target price for Singtel following acquisition of STT GDC with KKR
The Edge Singapore - DBS Group Research is keeping its bullish target price of $5.71 on Singapore Telecommunications following confirmation on Feb 4 that it is joining KKR to take full control of STT Global Data Centres for $6.6 billion, which implies an enterprise value of $13.8 billion, including leverage and planned ...
10 hours ago
Local digital asset exchange DigiFT offers tokenised access to Hines’ US$6 bil real estate portfolio
Douglas Toh - Singapore-headquartered digital asset exchange platform for institutional-grade real-world assets (RWA), DigiFT has partnered with US-based real estate investment manager, Hines to offer investors tokenised access to a fund which invests in an over US$6 billion ($7.62 billion) real estate portfolio ...
10 hours ago
Nintendo shares slide 11% as Switch 2 momentum fears grow
TOKYO, Feb 4 : Nintendo shares slid 11 per cent on Wednesday as investors fretted about momentum for its flagship Switch 2 gaming device. The Kyoto-based gaming company on Tuesday reported robust sales for the Switch 2 during the year-end shopping season, though the system is viewed as lacking high- ...
10 hours ago
Japan's Marubeni lifts full-year profit forecast by 5.9% to $3.5 billion
TOKYO, Feb 4 : Japanese trading house Marubeni on Wednesday raised its net profit forecast for the fiscal year ending March 30 to 540 billion yen ($3.46 billion) from 510 billion yen.The guidance represents a 7.4 per cent increase from the 503 billion yen earned a year earlier.Profit for the nine mo ...
10 hours ago
Gold extends rally, jumps over 2% after best day since 2008
A weaker US dollar makes greenback-priced bullion more affordable for holders of other currencies
10 hours ago
Singdollar bond issues may match recent highs due to geopolitical uncertainty: OCBC
Renald Yeo - Refinancing activity on perpetual securities issued during the Covid-19 pandemic years might also help
10 hours ago
Oil steady as bullish Middle East tensions counter broader selloff
LONDON, Feb 4 : Oil prices were steady on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran.Erasing earlier gains, Brent crude oil futures w ...
10 hours ago
Oil prices extend gains on fears of escalating tensions in Mideast
TOKYO, Feb 4 : Oil prices rose on Wednesday, extending the previous day's gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension between Washington and Tehran.Brent crude fut ...
11 hours ago
Nordic Group may see upside from Micron's expansion, says OCBC
The Edge Singapore - Bryan Goh of OCBC Group Research has reiterated his "buy" call on Nordic Group along with a fair value of 59 cents, noting a favourable environment for industrial and engineering companies. The company is benefiting from broader trends. "Moderating inflation and interest rate cuts sin ...
11 hours ago
LG Energy Solution signs contract with Hanwha QCells to supply 5GWh ESS battery
SEOUL, Feb 4 : South Korea's LG Energy Solution said on Wednesday it has signed a contract with Hanwha QCells USA to supply 5 gigawatt-hours energy storage system batteries between 2028 and 2030. The company said in a press release that the batteries will be lithium iron phosphate (LFP) cells m ...
11 hours ago
Hongkong Land closes 0.6% lower after hitting 10-year intraday high on Singapore private fund launch
Therese Soh - New fund includes company’s stakes in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay
11 hours ago
Hongkong Land jumps 5% briefly to 10-year high on Singapore private fund launch
Therese Soh - Counter gives up some gains later in the morning; new fund includes company’s stakes in Marina Bay Financial Centre Towers 1 and...
11 hours ago
Hongkong Land up 5.2% in early trade; briefly hits 10-year high on Singapore private fund launch
Therese Soh - It has injected its stakes in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay...
11 hours ago
Hongkong Land up 5.2% on launch of S$8.2 billion Singapore real estate private fund
Therese Soh - It has injected its stakes in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay...
11 hours ago
Malaysia’s Petronas set to sign LNG supply deal with QatarEnergy: sources
Petroliam Nasional is up against dwindling domestic gas reserves while local demand for the fuel rises
11 hours ago
IATA says US air travel to lag global growth in 2026 and beyond
Global airlines stand to earn a record US$41 billion this year
12 hours ago
Rise of AI may still be at ‘infancy’: Indosuez Wealth Management
Lin Daoyi - Indosuez Wealth Management suggests that investment in artificial intelligence in the US may still be in its “infancy” despite data from various sources estimating that Uncle Sam has spent a cumulative US$335.3 billion for the three years from 2023 to 2025. Chief investment officer Alexandre Dra ...
12 hours ago
CK Hutchison unit launches arbitration against Panama over port ruling
Hong Kong's CK Hutchison said on Wednesday (Feb 4) its Panama Ports Company unit has started international arbitration proceedings against Panama after a court there annulled its licences to operate two Panama Canal ports.Panama's Supreme Court last week
12 hours ago
Singtel and KKR consortium to buy remaining stake in ST Telemedia Global Data Centres for S$6.6 billion
SINGAPORE: Singtel said on Wednesday (Feb 4) that a consortium it is part of with private equity firm KKR will acquire an 81.7 per cent stake in Temasek Holdings' data centre business for S$6.6 billion (US$5.2 billion).Singtel will invest about S$740 million in the transaction and will hold a 2 ...
12 hours ago
Nvidia nears deal to invest US$20 billion in OpenAI round
The startup is looking to raise up to US$100 billion in funding for a new round
12 hours ago
Stocks to watch: Singtel, Hongkong Land, Keppel Reit, FLCT, GuocoLand, ESR Reit
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Feb 4):
12 hours ago
More risk-taking and entrepreneurship now, but Singapore mindsets must change further
Benjamin Cher - Academics and market watchers call for bolder policy design, and for moves to encourage an entrepreneurial spirit to start earlier
12 hours ago
DBS stays 'buy' on GuocoLand following privatisation bid of Malaysia-listed subsidiary
The Edge Singapore - GuocoLand's privatisation bid of its KL-listed subsidiary GuocoLand (Malaysia) may raise questions over the rationale, given that this move is "inconsistent" with its earlier divestment of properties in Malaysia. However, DBS Group Research suggests that this latest development is par ...