9 hours ago
Tokenisation key to ‘next frontier’ of trade finance: StanChart’s Sofia Hammoucha
Renald Yeo - The ‘key priority’ is to solve, embrace, invest and deliver on the new technology, she says
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
ByteDance’s AI chatbot Doubao wins China holiday battle with 100 million users
The app is likely helped by its partnership with CCTV’s Spring Festival Gala on Feb 16
9 hours ago
Thai central bank unexpectedly cuts policy rate by 25 bps
This is to further support an economy pressured by US tariff uncertainty and a strengthening baht
10 hours ago
Microsoft Japan raided over suspected violation of anti-monopoly law, Nikkei says
TOKYO, Feb 25 : Japan's Fair Trade Commission raided Microsoft Japan's offices on Wednesday as part of an investigation into whether it improperly restricted customers of its Azure platform from using rival cloud services, the Nikkei business daily reported, citing sources familiar with th ...
10 hours ago
HSBC bonus pool rises to US$3.93 billion, with focus on rewarding top performers
The new compensation structure will allow the bank to attract, to hire and to retain talent, CEO says
10 hours ago
HSBC bonus pool rises to highest in at least a decade
The new compensation structure will allow the bank to attract, to hire and to retain talent, CEO says
10 hours ago
India's TCS urging staff to use AI despite risk to revenue, CEO says
MUMBAI, Feb 25 : Tata Consultancy Services is urging employees to use artificial intelligence tools to deliver work faster and cheaper, even if it eats into the company's revenue, the CEO of India's largest software-services provider said on Wednesday.The comments come as investor concerns ...
10 hours ago
Malaysia’s Zetrix raises funds, plans to list AI unit on Nasdaq
As part of their pact, IFC and Zetrix will develop projects across South-east Asia and beyond
10 hours ago
OCBC bank explores physical gold custody business for institutional, wealthy clients
[SINGAPORE] Singapore’s Oversea-Chinese Banking Corp (OCBC) is exploring setting up a custody business for physical gold geared toward institutional and high-net-worth clients,...
10 hours ago
Thai central bank unexpectedly cuts policy rate amid tariff uncertainty
BANGKOK, Feb 25 : Thailand's central bank unexpectedly cut its policy interest rate at a review on Wednesday, as it seeks to further support an economy pressured by U.S. tariff uncertainty and a strong baht.The Bank of Thailand's monetary policy committee voted 4-2 to cut the one-day repur ...
10 hours ago
Receivers put one-seventh stake in Cheong family’s Oxley Rise mansion on the block
Chong Xin Wei - The prime freehold residential landed plot was put up for sale in 2022 at S$300 million
11 hours ago
Delfi reports US$33.2 mil patmi for FY2025; proposes final dividend of 1.72 US cents per share
Lin Daoyi - For FY2025 ended Dec 31, chocolate confectionery company Delfi Limited has reported patmi of US$33.2 million, a y-o-y decline of 2.1%. Total net sales amounted to US$500.1 million, representing a slight y-o-y decrease of 0.5%. On a constant currency basis, net sales would have increased by 0.3%. Gro ...
11 hours ago
Deliveroo exits Singapore as parent DoorDash shifts focus
Benjamin Cher - DoorDash says decision not an indication of business performance
11 hours ago
Deliveroo’s exit from Singapore not surprising as DoorDash shifts view
Benjamin Cher - Parent company DoorDash says decision not an indication of business performance
11 hours ago
Deliveroo pulls out of Singapore after 10 years
Shikhar Gupta - Parent company DoorDash says decision not an indication of business performance
11 hours ago
Deliveroo to cease operations in Singapore after Mar 4
The platform's parent company DoorDash is also ending its food delivery services in Qatar, Japan and Uzbekistan as part of a broader review of its international portfolio.
12 hours ago
LG Energy selling its 7.5% stake in lithium firm Liontown, term sheet shows
SYDNEY, Feb 25 : South Korea's LG Energy Solution is selling its 7.5 per cent stake, or shares worth at least A$419 million ($297.99 million), in Australian lithium producer Liontown in a block trade, according to a term sheet.The South Korean company is offering 239.5 million Liontown shares a ...
12 hours ago
LG Energy Solution seeks to sell A$419 million worth of Liontown shares, term sheet shows
SYDNEY, Feb 25 : South Korea's LG Energy Solution is selling at least A$419 million ($297.99 million) of shares in Australia's Liontown in a block trade, according to a term sheet seen by Reuters.The South Korean company is offering 239.5 million Liontown shares, about 7.5 per cent of the ...
12 hours ago
DBS maintains 'buy' and 45 cents target price on OUE REIT following Salesforce Tower deal
The Edge Singapore - Tabitha Foo of DBS Group Research has kept her "buy" call and 45 cents target price on OUE REIT after it announced the acquisition of a stake in a Sydney office. On Feb 24, the REIT, whose portfolio has been Singapore-dominant, announced that it is acquiring the Salesforce Tower at an agre ...
12 hours ago
Private credit fund is selling US$477 million of assets at 94% value as industry worries continue
The software sector makes up 22.2% of New Mountain’s overall portfolio
13 hours ago
Indonesia offers offshore yuan bond as fiscal concerns grow
The country is among an expanding list of global issuers capitalising on record low offshore yuan interest rates
13 hours ago
ERA markets receiver’s sale of one-seventh stake in 5 Oxley Rise
Jovi Ho - ERA Realty Network has been appointed as the sole and exclusive marketing agent for the sale of a one-seventh interest in the property located at 5 Oxley Rise in the prime District 9. Previously the residence of the late property tycoon Cheong Eak Chong, who passed in 1984, the property features a t ...
13 hours ago
Top 1% of Singapore households hold 14% of total household wealth; top 5% hold 33%: Jeffrey Siow
Elysia Tan - These are broadly comparable to advanced economies with similar wealth Gini coefficients
13 hours ago
Top 1% of Singapore households hold 14% of total household wealth; top 5% holds 33%: Jeffrey Siow
Elysia Tan - These are broadly comparable to advanced economies with similar wealth Gini coefficients
13 hours ago
Enterprise AI agent boom draws attention of state-sponsored hackers: reports
Nurdianah Md Nur - State-sponsored hackers from the Democratic People's Republic of Korea, Iran, the People's Republic of China, and Russia are experimenting with commercial artificial intelligence (AI) models to sharpen cyberattacks. This creates a new layer of risk as companies embed AI agents deeper into ...
13 hours ago
HSBC profit beats forecasts with strong performance from wealth business
The bank is preparing to move towards a more Wall Street-style compensation model
13 hours ago
HSBC profit beats as wealth division boosted by client income
The bank is preparing to move towards a more Wall Street-style compensation model
13 hours ago
Tariffs, Big Tech and economic ‘golden age’: 10 things Trump said in the State of the Union address
Shikhar Gupta - He says his tariff strategy is directly responsible for bringing a new ‘golden age’ to the US
13 hours ago
Tariffs, Big Tech and economic ‘golden age’: 10 things Trump said in the State of the Union
Shikhar Gupta - Trump says his tariff strategy is directly responsible for bringing a new “golden age” to the US
14 hours ago
Great Eastern a ‘chapter’ behind OCBC, says new CEO Tan Teck Long
Felicia Tan - Oversea-Chinese Banking Corporation (OCBC) has no plans to raise its stake in Great Eastern Holdings, says group CEO Tan Teck Long at the bank’s FY2025 results briefing on Feb 25, his first after succeeding Helen Wong, who stepped down on Dec 31, 2025. “That is a chapter behind us already. We wi ...
14 hours ago
HSBC full-year profit falls 7.4% but beats estimates
HONG KONG, Feb 25 : HSBC Holdings reported a 7.4 per cent decline in full-year pretax profit on Wednesday.After an unusually strong 2024, Europe's largest bank posted a pretax profit of $29.9 billion last year, versus $32.3 billion a year earlier.That compares with the $28.9 billion average of ...
14 hours ago
Serenity Park condo in Yio Chu Kang put on the market at S$505 million
Ry-Anne Lim - The price tag translates to S$1,453 psf ppr
14 hours ago
Tech firms lead Asian markets rally as Seoul, Tokyo hit records
HONG KONG: Stock markets in Seoul and Tokyo surged to record highs as tech firms led an Asia-wide rally on Wednesday (Feb 25) following a rebound in their counterparts on Wall Street.Investors built on a broadly healthy week in the region as they piled onto the artificial intelligence bandwagon amid ...
14 hours ago
SIA’s Q3 financials beat street consensus; analysts see early signs of pricing recovery
Tay Peck Gek - DBS believes group’s better-than-expected passenger yields are ‘a potential early sign of an inflection point’