15 hours ago
British banks to join European rivals in hiking profit targets, sources say
Barclays and HSBC report their earnings on Feb 10 and Feb 25, respectively
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
Morning Bid: Yen's wild ride has markets nervous
A look at the day ahead in European and global markets from Ankur BanerjeeThe Japanese yen is set to hog the limelight again as the spectre of the first joint U.S.-Japan currency intervention in 15 years looms large, although investors are none the wiser on when and how authorities may step in. The ...
16 hours ago
India to slash tariffs on cars to 40% in trade deal with EU: sources
New Delhi currently levies tariffs of 70% and 110% on imported cars
16 hours ago
SGX-listed pawnbrokers, stocks ride gold rally as precious metal breaks US$5,000 level
Therese Soh - [SINGAPORE] Pawnbrokers have emerged as beneficiaries of gold’s historic rally, as the yellow metal crossed the psychological US$5,000 mark and set yet another...
16 hours ago
Japan says in close coordination with US on forex as yen intervention risks mount
US participation in currency intervention is extremely rare
17 hours ago
Dollar sinks on yen intervention talk
The Singapore dollar hit an 11-year high against the US dollar.
17 hours ago
IPO window cracks open as more general partners prepping portfolio companies: Coller Capital
Benjamin Cher - In Asia-Pacific, 87% of institutional investors say that their GPs are doing so
17 hours ago
IPO window cracked open as more general partners prepping portfolio companies: Coller Capital
Benjamin Cher - About 77% of Institutional investors say that their general partners (GPs) are prepping portfolio companies for public markets
17 hours ago
Morgan Stanley looks to expand in Asia as markets deregulate
In Hong Kong, the firm ranked first in arranging share sales
18 hours ago
DBS initiates coverage on Coliwoo with 'buy' and 88 cents target price
Samantha Chiew - DBS Group Research is initiating a "buy" call on recently listed Coliwoo Holdings with a target price of 88 cents. Aside from DBS, several other brokerages have also initated their coverage on Coliwoo on the back of a healthy pipeline of co-living property launches. See more: Coliwoo’s p ...
18 hours ago
Yen surges as intervention risks lurk
The yen was broadly firmer against other currencies on Monday
18 hours ago
Singapore dollar hits 11-year high against greenback
Deon Loke - Singdollar breaches 1.27 level to strongest since 2014, driven by intervention rumors
18 hours ago
Timely to consider introducing a prime Executive Condo model
Leslie Yee - Build new ECs in choice locations and sell such homes with tighter restrictions
19 hours ago
Analysts generally remain positive on Suntec REIT’s outlook following strong set of FY2025 results
Teo Zheng Long - While OCBC Group Research is reiterating a “hold” call on Suntec REIT, analysts from RHB Bank Singapore, DBS Group Research and PhillipCapital are keeping their respective “buy” and “accumulate” calls on Suntec REIT following the recent FY2025 results. In his Jan 23 report, OCBC Group Re ...
19 hours ago
What the TikTok deal means for the app’s future in the US
The social media platform is used by about 200 million Americans
19 hours ago
Indonesian lawmakers to approve new central bank board member
JAKARTA, Jan 26 : Indonesia's parliament is set to give its initial approval for a new member of the central bank's board late on Monday, once it has completed competency tests for President Prabowo Subianto's nephew Thomas Djiwandono and two other nominees.The parliament's finan ...
19 hours ago
Oil little changed as supply concerns temper US winter output disruptions
Harsh weather has affected crude production in the US
19 hours ago
Oil holds onto gains as Iran keeps investors on edge
Trump warned an US “armada” was sailing towards Iran
19 hours ago
Malaysian ringgit hits highest since 2018 on AI, growth optimism
Malaysia’s growth momentum is expected to continue this year
19 hours ago
UOB shares end 2.5% lower following JPMorgan’s downgrade
Chloe Lim - The counter was the largest decliner on the STI at Monday’s open
19 hours ago
UOB shares retreat 3.3% after reaching record high
Chloe Lim - The decline appears to be a correction from new highs it reached last week
19 hours ago
Shares of UOB fall 3.3% after reaching new high last week
Chloe Lim - The decline appears to be a correction from new highs it reached last week
20 hours ago
Samsung to start production of HBM4 chips next month for Nvidia supply: source
Both Samsung and SK Hynix will announce their fourth-quarter earnings on Thursday
20 hours ago
Tepco targets $20 billion in cost cuts over 10 years
TOKYO, Jan 26 : Japanese utility Tokyo Electric Power (Tepco) said on Monday it aims to cut about 3.1 trillion yen ($20 billion) in costs over 10 years to fiscal 2034 through restructuring measures under a revised business plan.The government has approved the plan, which calls for raising about 200 ...
20 hours ago
Tepco targets $20 billion in cost cuts between fiscal 2025-2034
TOKYO, Jan 26 : Japanese utility Tokyo Electric Power (Tepco) said on Monday it aims to cut about 3.1 trillion yen ($20 billion) in costs between fiscal 2025 and 2034 through restructuring measures under its revised business plan.The government has approved the revised plan, which also calls for rai ...
20 hours ago
China’s Eastroc Beverage launches Hong Kong listing, seeking to raise HK$10.14 billion
The proceeds will be used to expand production capacity and upgrade supply chain
20 hours ago
China’s Eastroc beverage seeks up to HK$10 billion from Hong Kong listing
The company is set to list its shares on Feb 3
20 hours ago
MoneyMax receives go-ahead from SGX to transfer listing from Catalist to Mainboard
The Edge Singapore - MoneyMax Financial Services had on Jan 23 received approval-in-principle from the exchange to move its listing from the Catalist to the Mainboard. The company, listed on SGX since 2013, had on Jan 14 filed its application for the transfer. The transfer "is expected to enhance the group’s corp ...
20 hours ago
China’s low birthrate isn’t doomsday for formula milk suppliers
Falling birthrates, a phenomenon across richer countries, are obviously a drag on firms that make products for children
20 hours ago
DBS, calling Ultragreen.ai a 'colossus', initiates with a 'buy' call and US$2.05 target price
The Edge Singapore - Amanda Tan and Mark Kong of DBS Group Research have initiated coverage on newly-listed Ultragreen.ai with a "buy" call and US$2.05 target price, calling the company a global "colossus" in its niche that is defined by "healthy fundamentals" and "strong growth runway ...
21 hours ago
Ho Bee Land subsidiary acquires 181ha development site in Queensland for A$318.5 mil
Jovi Ho - A wholly-owned subsidiary of Mainboard-listed real estate company Ho Bee Land is acquiring a 181.36ha development site in Queensland, Australia for a total consideration of A$318.5 million ($279.73 million). According to a Jan 26 bourse filing, the site is located within the City of Moreton Bay, a l ...
21 hours ago
South Korea's S-Oil profit surges, says first-quarter refining margins to remain robust
SEOUL, Jan 26 : South Korea's S-Oil said on Monday it had logged a 91 per cent surge in fourth-quarter operating profit and expects first-quarter refining margins to remain robust due to steady demand, supply disruptions and the planned closure of a U.S. refinery.The refiner, which is 63 per ce ...
21 hours ago
Japan to closely coordinate with US on foreign exchange, top currency diplomat says
TOKYO, Jan 26 : Japan's top currency diplomat Atsushi Mimura said on Monday the government will maintain close coordination with the United States on foreign exchange and act appropriately, while declining to confirm news reports of rate checks.The yen spiked on Friday as the New York Federal R ...
21 hours ago
Japan, US to closely act together on foreign exchange, currency diplomat Mimura says
TOKYO, Jan 26 : Japan's top currency diplomat Atsushi Mimura said on Monday the government and U.S. counterparts will closely act together, while declining to confirm news reports of foreign exchange rate checks by the New York Federal Reserve on Friday."We will continue to take appropriat ...