Stocks slide as oil price fears, US jobs data rattle markets
LONDON, March 6 : U.S. futures and European stocks slid on Friday as the U.S.-Iran war drove oil prices to their highest level in almost two years, prompting traders to wind in their bets on interest rate cuts and fret about the impact on economic growth.Much weaker than expected U.S. jobs data, whi ...
Stocks slide as Gulf oil supply fears rattle markets
LONDON, March 6 : European stocks and U.S. futures tumbled on Friday as the U.S.-Iran war drove fresh concerns about oil supplies, prompting traders to wind in their bets on interest rate cuts and fret about the impact on the global economy.Benchmark global and U.S. oil prices hit their highest leve ...
Stocks fall as Gulf oil supply fears rattle markets
LONDON, March 6 : European stocks slipped along with U.S. futures on Friday as the U.S.-Iran war drove fresh concerns about oil supplies, prompting traders to rethink their expectations for central bank rate cuts.Benchmark global and U.S. oil prices hit their highest levels since mid-2024. U.S. Trea ...
Japan may use part of national oil stockpile amid Iran war supply crisis, Kyodo reports
TOKYO, March 6 : The Japanese government is considering using part of its national oil reserves amid the ongoing Iran crisis that has disrupted global energy supplies, Kyodo news agency reported on Friday citing sources, and may do so in coordination with other countries or even on its own. Japan re ...
Japan considers releasing national oil stockpile, Kyodo reports
TOKYO, March 6 : Japan is considering releasing its national oil reserves amid the ongoing Iran crisis that has disrupted global energy supplies, Kyodo news agency reported on Friday.Japan relies on the Middle East for around 95 per cent of its oil supplies with around 70 per cent coming via the Str ...
Asia has limited options to diversify from Middle East energy reliance
Distance, refinery logistics, contracts and cost are factors
SIA and Scoot extend cancellation of Middle East flights amid geopolitical tensions
Both airlines attribute the cancellations to ‘the geopolitical situation in the Middle East’
Marvell Tech shares soar on bullish multi-year AI chip outlook
March 6 : Marvell Technology rose nearly 11 per cent in early trading on Friday, as its upbeat multi-year forecast underscored booming demand for custom AI chips from large technology companies.The jump could add more than $10 billion to the company's market value if gains hold.Marvell's s ...
Marvell Tech shares rally on forecast for AI-chip growth
March 6 : Marvell Technology's shares surged nearly 12 per cent before the opening bell on Friday as investors bet on demand for its AI-focused custom chips and interconnect technologies following an upbeat long-term forecast.AI‑chip spending has accelerated industry-wide. Broadcom, a key sup ...
Singapore stocks close flat on Friday amid cautious calm in Asian markets
Jude Chan - Straits Times Index is down 2.9% for the week
Michael Kum raises stake in Marco Polo Marine to 5.77% after buying shares from Penguin International at 13 cents each
The Edge Singapore - Investor Michael Kum has further raised his stake in Marco Polo Marine after buying 60 million shares at 13 cents each from Penguin International. Kum, who is holding his investment in Marco Polo Marine via Halom Investments, now owns a total of 225 million shares, or 5.77% of the company. He first ...
MTQ resumes Middle East operations; Vallianz not ‘significantly’ affected
Tay Peck Gek - This comes after the US and Israel launched their biggest attacks on Iran in decades on Feb 28
OxPay announces partnership with Liquid Group on expanding QR wallet acceptance for merchants
Teo Zheng Long - OxPay Financial (SGX: TVV ) announces that it has entered into a strategic partnership with Liquid Group to integrate its flagship RoamQR payment framework into OxPay’s payment solutions platform, with the goal of expanding QR wallet acceptance for merchants. Liquid Group is a Singapore-headquarte ...
Singapore issues guidelines for lawyers on ethical generative AI use
Tessa Oh - The framework addresses ‘hallucinations’ and the risk of bias in outputs
Lufthansa profit tops forecast but Middle East war clouds outlook
German group says it will stick with strategy of expanding long-haul services
Lufthansa’s 2025 profit beats expectations, but Middle East tension clouds outlook
The airline’s operating profit margin of 4.9% is up from 4.4% a year earlier
Most Asian equities drop as Mideast crisis rages, though oil dips
HONG KONG: Asian markets were mostly down on Friday (Mar 6) as the war in the Middle East showed no sign of ending, though there was some reprieve from the surge in oil prices after the United States looked
Johor leads as Malaysia’s approved investments hit record RM426.7 billion in 2025
Tan Ai Leng - Singapore and China are the top foreign investors, combining to reach RM116.3 billion in approved investments
Singapore’s new AI-upskilling push seen as shield against job displacement amid global layoffs
Young Zhan Heng - The National AI Impact Programme seeks to train 100,000 workers to be ‘fluent’ in applying artificial intelligence skills in their jobs
Some wealthy Asians look to move Dubai assets closer to home on Iran war fears
Singapore wealth sector sees increased client interest in asset transfers
Ceconomy to propose CFO Remko Rijnders to replace outgoing CEO
BERLIN, March 6 : Ceconomy said on Friday that it would propose Chief Financial Officer Remko Rijnders to replace Kai-Ulrich Deissner as the company's chief executive.The German electronics retailer said earlier on Friday that Deissner, who only took over as CEO last year, was stepping down for ...
Ceconomy supervisory board to meet March 12 to discuss next steps, departing CEO says
BERLIN, March 6 : The departing chief executive of Ceconomy told Reuters on Friday that the German electronics retailer's supervisory board is set to meet on Thursday to discuss the next steps.The company, which is about to be taken over by Chinese tech group JD.com, had said earlier in the day ...
Maersk suspends two shipping services due to Middle East crisis
It would halt its FM1 service connecting the Far East to the Middle East and its ME11 service linking the Middle East...
Sats says no ‘material interruption’ to Middle East cargo operations amid Iran conflict
Therese Soh - The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman
Sats says no ‘material interruption’ to Middle East cargo operations amid Iran war
Therese Soh - The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman
Aster declares force majeure on disruption in supply of raw materials
[SINGAPORE] Singapore refiner and petrochemical major Aster Chemicals and Energy has declared force majeure regarding supplies, citing a disruption in raw materials...
Singapore's Aster declares force majeure on disruption in supply of raw materials
[SINGAPORE] Singapore refiner and petrochemical major Aster Chemicals and Energy has declared force majeure regarding supplies, citing a disruption in raw materials...
Pfizer secures China nod for obesity drug as generics loom
Pfizer now enters a field dominated by multinational rivals
Foreign outflows from Indian IT stocks at 7-month high in February on AI shockwaves
March 6 : Foreign outflows from India's information technology stocks hit a seven-month high in February, on worries that artificial intelligence-led disruption could squeeze earnings.Foreign portfolio investors sold IT stocks worth 169.49 billion rupees ($1.85 billion) for the month. That trig ...
Atos hits yearly revenue target after restructuring slashed 19% of workforce
Women are gold’s secret powerhouse: Julius Baer
Samantha Chiew - According to Julius Baer, the latest gold rally is creating an unusual set of winners: women, led by Indian households where gold ownership is deeply cultural and often sits with female family members. Gold rose 44% last year, a move that has rewarded traditional buyers just as much as institutional ...
India's tech state Karnataka bans social media for children under 16
NEW DELHI, March 6 : The southern Indian state of Karnataka, home to the tech hub of Bengaluru, has banned the use of social media by those under the age of 16, state Chief Minister Siddaramaiah said on Friday, becoming the first in India to do so."With the objective of preventing adverse effec ...
BOJ will be vigilant to yen moves, impact on inflation, deputy governor says
TOKYO, March 6 : Bank of Japan Deputy Governor Ryozo Himino said on Friday the central bank will be vigilant to yen moves as they could affect underlying inflation and public perceptions of future price moves."We need to be mindful that exchange-rate fluctuation has a bigger impact on price mov ...
Sats yet to see 'material disruption' from Middle East situation
The Edge Singapore - Sats, which has operations in Saudi Arabia and Oman, has not experienced any "material disruption" to its operations in the region. Sats says it is "deeply concerned" with the unprecedented airspace closures in some Gulf States that are affecting the global air cargo supply chain ...
