14 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
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
15 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 ...
15 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
15 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
15 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
15 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
15 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
16 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
16 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
16 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...
17 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 ...
17 hours ago
Butter, milk and cheese prices slide as ‘stunning’ production floods global markets
Global production has accelerated across major exporters
17 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 ...
17 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 ...
17 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.
18 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
18 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
18 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 ...
18 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 ...
18 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
18 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 ...
18 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 ...
18 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 ...
18 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
18 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...
18 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 ...
18 hours ago
RHB's 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 ...
18 hours ago
Malaysia’s long-awaited electric train service linking KL and JB makes its debut in preview run
A normal one-way fare from JB or KL starts from RM82 (S$27)
19 hours ago
Gold rises as a divided Fed cuts rates; silver hits record high
US job and inflation data for November will be released next week
19 hours ago
Oil extends gains after US seizure of tanker off Venezuela
Dec 11 : Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions. Brent crude futures rose 27 cents, or 0.4 per cent, to $62.48 a barrel ...
19 hours ago
Noodle maker Leong Guan’s shares close 4.3% higher on Catalist debut
Shikhar Gupta - The company’s placement of about 20.7 million shares at S$0.23 apiece has brought in S$4.75 million
19 hours ago
Noodle maker Leong Guan’s shares climb 10.7% from IPO price on Catalist debut
Shikhar Gupta - The company’s placement of about 20.7 million shares at S$0.23 apiece has brought in S$4.75 million
19 hours ago
Noodle maker Leong Guan’s shares open 8.7% up from IPO price on Catalist debut
Shikhar Gupta - The company’s placement of about 20.7 million shares at S$0.23 apiece has brought in S$4.75 million
19 hours ago
Stocks to watch: Keppel Reit, CLI, MPACT, Ultragreen.ai, Ossia
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 11):