2 days ago
Hong Kong regulator ramps up warnings over poor IPO filings
Securities and Futures Commission flags that teams are unfamiliar with regulatory requirements and lack the experience to handle applications
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
US dollar gains as Warsh named next Fed Chair
NEW YORK, Jan 30 : The U.S. dollar gained on Friday after former Federal Reserve Governor Kevin Warsh was selected to be the next Fed Chair, and as the U.S. currency recovered from a sharp selloff earlier in the week that analysts say was overdone in the short-term.President Donald Trump on Friday c ...
2 days ago
Fintech lender SoFi profit jumps on strong growth in fee‑based businesses
Jan 30 : SoFi Technologies reported a rise in fourth-quarter profit on Friday, lifted by strong loan demand and rapid growth in its fee‑based businesses.Fintech lenders have become popular among young customers, who favor faster, app-based platforms over traditional banks that rely heavily on bran ...
2 days ago
Trump nominates former Fed official Kevin Warsh to succeed Jerome Powell as Fed chair
Move signals a potential pivot towards lower rates as US president puts his stamp on American economy
2 days ago
Hong Kong watchdog flags IPO application failings, steps up scrutiny
HONG KONG, Jan 30 : Hong Kong's securities regulator said on Friday it had identified "serious deficiencies" in IPO listing applications and was stepping up scrutiny, calling a halt to the vetting of some and telling banks to review their procedures.The Securities and Futures Commissi ...
2 days ago
ExxonMobil beats Wall Street targets for Q4 profit with help from lower-cost oil production
Full-year 2025 adjusted profit declines by a narrower margin of 10%
2 days ago
SGX to launch three new SDRs on Feb 2, including Chinese gold producer Zijin Gold
Shikhar Gupta - Singapore Depository Receipts’ daily turnover grows 10 times year on year to S$12 million
2 days ago
Verizon forecasts upbeat annual profit as wireless subscriber growth hits six-year high
Jan 30 : Verizon forecast annual profit and free cash flow above market expectations on Friday, as aggressive promotions during peak holiday period helped the U.S. carrier post its highest quarterly wireless subscriber additions in six years.Shares of the company rose 4 per cent in premarket trading ...
2 days ago
Swatch flags positive sales momentum, lifting shares
The sales decline in China, Hong Kong, and Macau is lower in the second half
2 days ago
Baby long-necked dinosaurs were a 'perfect snack' for predators
WASHINGTON, Jan 30 : It may have been suicidal for a predator to go after a healthy adult Brachiosaurus, a behemoth weighing perhaps 60 tons that was a member of the long-necked group of dinosaurs called sauropods that included the largest land animals ever on Earth.But, as new research shows, Brach ...
2 days ago
Meta faces New Mexico trial over child-exploitation claims
Jan 30 : Meta Platforms is set to face trial next week in a lawsuit brought by the state of New Mexico accusing it of exposing children and teens to sexual exploitation on its platforms and profiting from it, the first case of its kind against the social media giant to reach a jury.The lawsuit, brou ...
2 days ago
Lim Kok Thay appointed as new RWS chairman, director
Young Zhan Heng - The 74-year-old billionaire is acting CEO of Genting Singapore, and son of Genting founder Lim Goh Tong
2 days ago
Oil edges lower after Trump signals dialogue with Iran over nuclear programme
LONDON, Jan 30 : Oil prices slipped on Friday on signs that the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concern over potential supply disruptions from a U.S. attack.Brent crude futures were down 21 cents, or 0.3 per cent, at $70.50 a barrel by 1219 GMT. The March c ...
2 days ago
Oil slides as Trump signals dialogue with Iran over nuclear programme
LONDON, Jan 30 : Oil prices fell nearly 1 per cent on Friday on signs the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concern over potential supply disruptions from a U.S. attack.Brent crude futures fell 68 cents, or nearly 1 per cent, to $70.03 a barrel by 0958 GMT. T ...
2 days ago
Oil holds near six-month high as investors track US-Iran tensions
LONDON, Jan 30 : Oil prices consolidated their recent gains and held near six- month highs on Friday, supported by concerns over the tensions between Iran and the U.S.Brent crude futures were down 7 cents to $70.64 a barrel by 10:30 a.m. ET (1531 GMT). The March contract expires later on Friday. The ...
2 days ago
Gold tumbles below US$5,000, dragging other metals lower
Other precious metals drop sharply as profit-taking kicked in
2 days ago
SGX launches three new Hong Kong SDRs including Zijing Gold
The Edge Singapore - SGX is introducing Singapore Depository Receipts of three Hong Kong stocks starting from Feb 2. With these additions, SGX Stock Exchange now offers 32 SDRs across China, Hong Kong, Thailand, and Indonesia. The three new Hong Kong SDRs are Zijin Gold (HZGD) – China’s largest gold producer, offeri ...
2 days ago
CapitaLand Investment provides advisory services for The Clementi Mall, holds minority stake in asset
Chong Xin Wei - The tie-up aligns with CLI’s long-term strategy to grow fee income through a capital-efficient, partnership-led approach
2 days ago
Autobahn Rent A Car directors Roy Tan and Sanjay Kumar Rai charged with forgery
Derryn Wong - The two are alleged to have falsified a receipt from a car distributor to show that payment had been made
2 days ago
STI tracks overnight Wall Street declines as it slides 0.5%
Tay Peck Gek - Across the broader market, decliners beat gainers 365 to 228, with 1.6 billion securities worth about S$2.1 billion changing hands
2 days ago
Silchester trims stake in Venture Corp
The Edge Singapore - Silchester International Investor has taken advantage of a recent gain in Venture Corp's share price to trim its stake. Silchester has on Jan 29 sold 98,000 shares for $3,240,285.76, or $16.3651 each. With the sale, the fund manager is left with 22,835,500 Venture Corp shares, equivalent to 7.9 ...
2 days ago
AXS rolls out bill-payment rewards as payment apps vie for user loyalty
Nurdianah Md Nur - Singapore payments platform AXS has introduced a rewards programme that incentivises everyday bill payments. The new AXS Rewards programme allows users to earn AXS Coins for bill payments completed on the AXS mobile app across all billing organisations on the platform. The coins can be redeemed as b ...
2 days ago
Clas stays upbeat on US student housing despite 15% drop in segment’s H2 gross profit
Ry-Anne Lim - Chief executive of Clas’ managers Serena Teo says they will take ‘drastic measures’ to boost occupancy and leasing rates in the next...
2 days ago
UOL sells hotel in Tianjin for RMB238 mil
The Edge Singapore - UOL Group has sold its hotel in Tianjin for RMB238 million, or around $43.4 million. The sale, via its unit, Tianjin UOL Xiwang Real Estate Development, was made to one Jiang Yang. The hotel, with 319 rooms, is at No. 1 Zhang Zi Zhong Road in the northern Chinese city. UOL opened this property back ...
2 days ago
Hong Kong Q4 GDP expands 3.8% y/y, 2025 GDP up 3.5%
HONG KONG, Jan 30 : Hong Kong's economy expanded 3.8 per cent from a year earlier in the fourth quarter, official advance estimates showed on Friday, the 12th consecutive quarter of growth thanks to buoyant regional trade flows, growth in inbound tourism and financial service activities.Hong Ko ...
2 days ago
CLI takes minority stake in Elegant Group's Clementi Mall and to provide advisory services
The Edge Singapore - Elegant Group, which is building up a portfolio of malls here, has announced that CapitaLand Investment will take a minority interest in Clementi Mall, and also provide real estate advisory services that includes having the mall as part of CapitaLand's CapitaStar rewards programme. Besides Clem ...
2 days ago
Dutch regulator to probe Roblox over risks to minors
AMSTERDAM, Jan 30 : The Netherlands' consumer protection regulator ACM has launched an investigation into U.S. gaming platform Roblox over potential risks to underage users in the European Union, it said on Friday. The regulator said it will assess whether Roblox is taking adequate measures to ...
2 days ago
China plans 200 billion yuan capital injection into biggest insurers: sources
It would be the first time Beijing has used special bonds to inject capital into insurers
2 days ago
Micron teams up with AI Singapore to advance AI literacy and talent development
Nurdianah Md Nur - Micron Technology has partnered with AI Singapore (AISG) to expand artificial intelligence (AI) literacy and talent development in Singapore. The US memory-chip maker and Singapore's national AI programme aim to reach more than 5,000 learners through education and workforce initiatives designed ...
2 days ago
Taiwan Q4 economic growth beats forecasts on solid AI demand
TAIPEI: Taiwan's tech-focused economy grew much more than expected in the fourth quarter, the government statistics agency said on Friday, thanks to strong demand for the chips and related technologies that power artificial intelligence.For all of 2025, the economy expanded 8.63 per cent, its f ...
2 days ago
Standard Chartered backs NUS AIDF’s AI programme for senior leaders
Nurdianah Md Nur - Standard Chartered will be supporting a new executive master’s programme designed to help senior leaders translate artificial intelligence (AI) investments into measurable business outcomes. The bank will serve as a knowledge partner for the Executive Master in AI and Digital Transformation progra ...
2 days ago
China logs first fiscal revenue drop since 2020 on property slump, weak consumption
BEIJING: China's fiscal revenue fell 1.7 per cent in 2025 from a year earlier, the finance ministry said on Friday (Jan 30), the first contraction since 2020 as a protracted property slump and weak domestic demand saddled the economy.Fiscal revenues in 2025 totalled 21.6 trillion yua
2 days ago
Chinese yuan’s longest weekly rally in more than a decade is set to extend into Chinese New Year
[BEIJING] The Chinese yuan, riding its longest weekly rally in more than a decade, is expected to strengthen further as exporters boost...
2 days ago
What’s new about the Economic Strategy Review update? A spirit of risk-taking
Janice Heng - If the government accepts the recommendations and takes on a greater appetite for risk, Singapore must also become more accepting of failure