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

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15 hours ago
Basel watchdog urges banks to get on with implementing rules
LOBBYING by banks to water down agreed capital rules simply diverts them and their regulators from dealing with the day-to-day and emerging risks they face, a global banking watchdog said on Friday (Feb 23).
15 hours ago
Paying $16 more for a flight ticket 'not exorbitant'; experts praise Singapore's push for sustainable aviation fuel
Jovi Ho - Singapore's decision to introduce a sustainable aviation fuel (SAF) levy for outbound flights in 2026 may be unpopular among travellers, but experts say it is a forward-looking and innovative approach that will spur progress in sustainability. Frederick Teo, CEO of Temasek subsidiary GenZero, s ...
15 hours ago
Tesla to fix software in 8,700 vehicles in China product recall, regulator says
BEIJING : China's market regulator said on Friday that Tesla Inc would fix software in 8,700 vehicles to reduce the chance of accidents. The action involving 1,071 imported Model S and Model X and 7,629 China-produced Model 3 is described as a product recall under Chinese regulations, the regul ...
15 hours ago
Singapore core inflation unexpectedly slows despite GST hike
Bloomberg - Singapore’s core inflation slowed in January defying all estimates, amid smaller gains in costs of healthcare to household goods despite an increase in the goods and services tax. The core gauge, which excludes costs of accommodation and private road transport and is the measure tracked by the Mon ...
15 hours ago
Supply chain strains set to weigh on aviation industry bounce-back
SINGAPORE : Parts shortages and delivery delays plaguing the global aviation industry are easing, but could take up to two years to resolve, firms at the Singapore Airshow said, adding to the pressures clouding a post-pandemic recovery in travel demand.European planemaker Airbus said it was sending ...
15 hours ago
Boeing, Airbus struggle to deliver planes as supply chain woes persist
BOEING and Airbus struck deals to sell billions of dollars’ worth of planes at this week’s airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said.
15 hours ago
China's BYD unveils new Dolphin EV with lower starting price
BEIJING : Chinese electric vehicle giant BYD on Friday unveiled a version of its Dolphin hatchback with a lower starting price.The new Dolphin EV goes for a starting price of 99,800 yuan ($13,865.35), a 14.6 per cent fall from the previous version.The EV rollout came on the heels of BYD's intro ...
16 hours ago
China deflation spurs spending
Daryl Guppy -
16 hours ago
India's stance on data transfers at WTO spooks chip giants
BENGALURU : A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and data transfers at an upcoming global trade meeting, warning that India's stance will stifle its own chip design industry.Ministers fr ...
16 hours ago
Is the ringgit bottoming?
Sharon See - THE Malaysian ringgit has slumped against the US dollar to a level not seen since the Asian financial crisis - a quarter of a century ago. Against the Sing dollar, it has also hit fresh lows repeatedly over the past year.
16 hours ago
Shell's LNG trading makes US$2.4 billion in final 2023 quarter, sources say
NEARLY a third of Shell’s profit in the fourth quarter of 2023 came from the US$2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources close to the company told Reuters.
16 hours ago
Singapore’s core inflation falls to 3.1% in January on smaller food and services price hikes
Core inflation is, however, expected to pick up in February, reflecting the effects of Chinese New Year spending. 
16 hours ago
Shipping insurance rates soar on Red Sea missile attacks
ATTACKS by Yemen’s Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.
17 hours ago
Toyota extends shutdown of two production lines after emission test irregularities
TOKYO: Toyota Motor has extended until Mar 1 the shutdown of two production lines at two manufacturing plants run by a group of companies in Japan, it said on Friday (Feb 23). The production lines have been suspended since Jan 29 after the discovery of irregularities in certification tests for diese ...
17 hours ago
Malaysia PM says ringgit’s fall concerning but economic fundamentals strong
MALAYSIA’S Prime Minister Anwar Ibrahim on Friday (Feb 23) said the ringgit currency’s fall to a 26-year-low this week was concerning but emphasised that strong fundamentals underpinned a promising outlook for the economy.
17 hours ago
Malaysia PM says ringgit’s fall to 26-year low ‘concerning’
MALAYSIAN Prime Minister Anwar Ibrahim said the ringgit’s slide this week to its lowest level since the Asian financial crisis is “concerning” and that the authorities are watching the currency’s fluctuations.
17 hours ago
In a first, Chinese developer's creditors plan to sue state-owned shareholder for dues
HONG KONG: A group of offshore creditors of China South City are set to file a lawsuit against the debt-laden developer's biggest state-owned shareholder for dues, four sources said, in what would be the first such case in the crisis-hit property sector. China South City earlier this month miss ...
17 hours ago
Local remittance firm surrenders licence, to shut down amid investigations for suspected fraud
Michelle Zhu - A REMITTANCE business is planning to wind up amid investigations into the firm and its employees for suspected fraudulent trading, along with suspected failure to comply with the firm’s obligations as a licensed payment services provider.
17 hours ago
Brunei's GallopAir, buyer of COMAC planes, eyes year-end launch
SINGAPORE: Brunei-based airline startup GallopAir hopes to start operations by the end of 2024 should Brunei's aviation regulator approve the regional jet made by Chinese state-owned planemaker
17 hours ago
Sabana REIT's manager to hold EGM requisitioned by Quarz on Mar 8
The Edge Singapore - An EGM requisitioned by Quarz Capital Asia which holds 13.89% of Sabana Industrial REIT, and nine other unitholders which together hold 0.04% of Sabana Industrial REIT will be held on Mar 8, at 10.30 am.  As at Feb 22, Quarz Capital Asia is proposing 10 ordinary resolutions, down from 12 resolution ...
17 hours ago
Sabana REIT's manager to hold EGM requested by Quarz on Mar 8
The Edge Singapore - An EGM requisitioned by Quarz Capital Asia which holds 13.89% of Sabana Industrial REIT, and nine other unitholders which together hold 0.04% of Sabana Industrial REIT will be held on Mar 8, at 10.30 am.  As at Feb 22, Quarz Capital Asia is proposing 10 ordinary resolutions, down from 12 resolution ...
17 hours ago
Analysis:Beer time? Investors tempted by brewers as spirits sales falter
LONDON : Investors are warming to beer stocks as a relatively cheap way to benefit from growth in alcohol brands, particularly in emerging markets, as easing cost pressures help brewers close the gap on the spirits giants that have outshone them for years.While spirits companies enjoyed record growt ...
18 hours ago
Standard Chartered announces US$1 billion buyback as profit beats
Bloomberg - Standard Chartered pledged to hand back more money to shareholders as it outlined efforts to improve returns and reduce complexity at the emerging markets-focused lender. Reporting fourth-quarter profits that beat analyst estimates, the London-headquartered bank said it would kick off a fresh US$1 b ...
18 hours ago
StanChart announces US$1 billion share buyback, dividend hike as 2023 profit rises 18%
STANDARD Chartered on Friday (Feb 23) reported 2023 pre-tax profit rose 18 per cent, in line with forecasts, and rewarded shareholders with a US$1 billion share buyback and a jump in dividend.
19 hours ago
Singapore’s inflation eases in January despite GST hike; core at 3.1%, headline at 2.9%
Tessa Oh - SINGAPORE’S headline and core inflation both eased more than expected in January, even after the hike in the goods and service tax to 9 per cent, data from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) showed on Friday (Feb 23).
19 hours ago
Singapore’s inflation eases in January, with core at 3.1%, headline at 2.9%
Tessa Oh - SINGAPORE’S headline and core inflation both eased in January, data from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) showed on Friday (Feb 23).
19 hours ago
America returns spaceship to the Moon, a private sector first
FOR the first time since the Apollo era, an American spaceship has landed on the Moon: an uncrewed commercial robot, funded by Nasa to pave the way for US astronauts to return to Earth’s cosmic neighbour later this decade.
19 hours ago
Digital media upstart Vice laying off ‘several hundred’ staff: CEO
VICE, the dynamic, fast-growing digital media company that gained a wide following with young readers, said on Thursday it will no longer publish on its flagship website and is eliminating hundreds of jobs.
19 hours ago
StanChart lowers income target as China weighs, launches $1 billion buyback
HONG KONG/LONDON :Standard Chartered PLC on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18 per cent, but set out modest growth forecasts that will concern investors amid worries about global banks' exposure to China.The bank reported 2023 statutory ...
19 hours ago
StanChart announces $1 billion share buyback, dividend hike as 2023 profit rises 18%
HONG KONG/LONDON :Standard Chartered PLC on Friday reported 2023 pre-tax profit rose 18 per cent, in line with forecasts, and rewarded shareholders with a $1 billion share buyback and a jump in dividend.StanChart , which earns most of its revenue in Asia, said statutory pretax profit for 2023 reache
19 hours ago
StanChart announces $1 billion share buyback as full year profit rises 18%
HONG KONG/LONDON : Standard Chartered PLC on Friday reported 2023 pre-tax profit rose 18 per cent, in line with forecasts, and rewarded shareholders with a $1 billion share buyback.StanChart, which earns most of its revenue in Asia, said statutory pretax profit for 2023 reached $5.09 billion, in lin ...
19 hours ago
StanChart unveils big buyback, shares jump as CEO bemoans 'crap' share price
HONG KONG/LONDON :Standard Chartered PLC Chief Executive Bill Winters on Friday bluntly acknowledged the bank's underwhelming share price and vowed to fix it as the lender announced increased dividends, a fresh $1 billion buyback and an 18 per cent increase in annual profit."The share pric ...
19 hours ago
StanChart unveils big buyback, profit jump as CEO bemoans 'crap' share price
HONG KONG: Standard Chartered PLC Chief Executive Bill Winters on Friday (Feb 23) acknowledged the bank's underwhelming share price and vowed to fix it as the lender announced increased dividends, a fresh US$1 billion buyback and an 18 per cent increase in annual profit. "The share price i ...
19 hours ago
Nvidia H100: This is the chip behind AI's supersonic stock rally
Bloomberg - Computer components are not usually expected to transform entire businesses and industries, but a graphics processing unit Nvidia Corp. released in 2023 has done just that. The H100 data centre chip has added more than US$1 trillion to Nvidia’s value and turned the company into an AI kingmaker ove ...






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