10 hours ago
US weighs ban Hong Kong tycoon Richard Li’s phone firm as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
10 hours ago
Hong Kong tycoon Richard Li’s phone company faces US ban
HKT currently has permission to interconnect with America networks, allowing calls and data to be exchanged directly
10 hours ago
Capital Group offers DBS/POSB customers access to world’s largest multi-asset strategy from $1,000
Jovi Ho - Capital Group is offering a share class of its Capital Group American Balanced Fund (LUX) (AMBAL) exclusively to DBS and POSB customers with 0% upfront sales charge. The fund, incepted in July 2021, is part of the Capital Group American Balanced strategy. Launched in 1975, Capital Group American Bal ...
11 hours ago
Industrial property developer Soon Hock Enterprise opens 8.6% above IPO price in mainboard debut
Therese Soh - It started trading five cents up from S$0.58 offer price on volume of over 18 million shares
11 hours ago
Industrial property developer Soon Hock Enterprise closes 0.9% below IPO price in mainboard debut
Therese Soh - It closed the day at S$0.575, with around 27.7 million shares transacted
11 hours ago
Hyundai pivots to hybrids as it unveils US$5 billion India plan
The move comes as the automotive industry has moved away from ambitious targets for EV sales outside of China, following a hybrid-oriented...
11 hours ago
Gold hits record high as investors turn to safe haven
Investors anticipate a near-certain 25-basis-point rate cut at this month’s US Federal Reserve meeting, followed by another in December
11 hours ago
Bank of Japan's Tamura calls for further rate hikes
Bank of Japan board member Naoki Tamura said on Thursday the central bank should push up interest rates closer to levels deemed neutral to the economy."My view is that there is a strong possibility that the slowdown in overseas economies will not be as significant as initially expected," T ...
11 hours ago
Hawkish Bank of Japan policymaker calls for more rate hikes
The Bank of Japan should lift interest rates closer to levels deemed neutral to the economy given mounting inflationary pressures, hawkish board member Naoki Tamura said on Thursday (Oct 16).While uncertainty remains over the global economic outlook, there is a strong possibility that the slowdown i ...
11 hours ago
US blasts China’s rare earths curbs, urges Beijing not to implement them
The two sides have maintained low tariffs, China’s rare earth flows under a delicate, repeatedly extended truce
11 hours ago
Trump says Modi has assured him India will not buy Russian oil
[WASHINGTON] US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump...
11 hours ago
Billionaire Ken Griffin says GenAI fails to help hedge funds beat markets
Hema Parmar / Bloomberg - Generative artificial intelligence isn’t helping hedge funds produce market-beating returns and isn’t meaningfully impacting the industry so far, according to billionaire Ken Griffin. “With GenAI there are clearly ways it enhances productivity, but for uncovering alpha it just falls short,” ...
11 hours ago
Bessent floats longer-term China truce after rare earths gambit
Daniel Flatley and Jennifer A. Dlouhy / Bloomberg - US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare earth elements. The US and China have agreed to a series of 90-day truces since earlier this ...
12 hours ago
Food Innovators is back in the black, posts a ‘modest’ H1 profit of S$200,000
Therese Soh - The Japanese restaurant operator sank into the red for its latest financial year ended Feb 28, 2025, after its Catalist debut in...
12 hours ago
Food Innovators posts profit of S$200,000; turns profitable a year after Catalist debut
Therese Soh - Company attributes the improvement to growth in its core business
12 hours ago
Food Innovators turns profitable one year after Catalist debut
Therese Soh - The company attributes the improvement to growth in its core business
12 hours ago
UK’s Reeves should go big on tax increases in November, think tank says
[LONDON] British finance minister Rachel Reeves should raise taxes by a lot in next month’s budget to exit the “Groundhog Day scenario”...
12 hours ago
Trust Bank adds US stock, ETF trading to TrustInvest suite with fractional shares from US$10
Jovi Ho - Trust Bank, the 60-40 joint venture between Standard Chartered Bank and FairPrice Group, will launch stockbroking services for US stocks and exchange-traded funds (ETFs) “in the coming weeks”. This marks the first expansion to its TrustInvest suite since launching in February with five funds by ...
12 hours ago
Stocks to watch: SIA Group, Jardine C&C, Aztech Global, Q&M Dental, Food Innovators
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Oct 16):
12 hours ago
Samsung Electronics shares hit record high
SEOUL :Shares of South Korean chipmaker Samsung Electronics rose as much as 2 per cent on Thursday to an all-time high on investor optimism surrounding the semiconductor industry. Shares of the world's leading memory chip maker were up 0.95 per cent at 95,900 won ($67.52) per share as of 0022 G ...
12 hours ago
YouTube resolves issue that briefly impacted video streaming globally
Alphabet-owned YouTube said on Wednesday (Oct 15) that it has resolved an issue impacting video streaming services for several thousand users globally.YouTube said in a post on X that users should now be able to play videos on YouTube Music, YouTube TV and its main platform - without specifying what ...
12 hours ago
YouTube down for thousands of users globally, Downdetector says
Alphabet-owned YouTube was down for thousands of users across the United States, Canada, Australia and the UK, according to Downdetector. YouTube said in a statement published on its status page on Wednesday that it is aware of users experiencing issues watching videos, and added that it is investig ...
12 hours ago
YouTube down for thousands of users in the US, Downdetector shows
Alphabet-owned YouTube was down for over 320,000 users in the United States on Wednesday evening, according to Downdetector.As of 7:47 p.m. ET, 321,990 users reported issues with YouTube, per Downdetector, which tracks outages by collating status reports from a number of sources. Downdetector's ...
12 hours ago
Paxos mistakenly issues US$300 trillion of PayPal stablecoin
Plenty of so-called fat-finger errors have happened in crypto before
13 hours ago
Tekscend Photomask's shares jump nearly 13% in Tokyo debut on tech optimism
TOKYO :Shares of Tekscend Photomask climbed nearly 13 per cent in their Tokyo debut on Thursday, riding the wave of gains in Japan's tech sector.The photomask manufacturer, which produces masks used to transfer patterns onto semiconductor wafers, raised 138.9 billion yen ($920 million) by prici ...
13 hours ago
Tekscend Photomask shares jump 11% in Tokyo debut
TOKYO :Tekscend Photomask shares jumped 11 per cent in their Tokyo debut on Thursday, joining in a run of gains for tech stocks in the country.The manufacturer of photomasks, which are used to transfer patterns onto semiconductor wafers, raised 138.9 billion yen ($920 million) after pricing its init ...
13 hours ago
Japan August machinery orders fall 0.9% on-month, worse than forecast
TOKYO :Japan's core machinery orders fell 0.9 per cent in August from the previous month, government data showed on Thursday.That compared with a 0.4 per cent gain estimated by economists in a Reuters poll.On a year-on-year basis, core orders, a highly volatile data series regarded as a leading ...
13 hours ago
J&J faces first UK lawsuits alleging its baby powder caused cancer
[LONDON] Johnson & Johnson is facing the first lawsuits in Britain over allegations that its talc products cause cancer, as it fights...
13 hours ago
G7 set to discuss joint response to China curbs on rare earths
The latest spat between the world’s two largest economies has rattled markets in recent days
13 hours ago
17Live independent director Chen resigns after inclusion in US sanction list
Karen Chen Xiuling, one of the three Singaporeans added to the US Specially Designated Nationals and Blocked Persons list, has resigned from her role as an independent director of 17Live Group. Inclusion into this list by the Treasury Department's Office of Foreign Assets Control (OFAC) means U ...
13 hours ago
SGX launches Indonesia depository receipts featuring blue-chip listcos
Ranamita Chakraborty - The bourse, which currently has 26 depository receipts listed, plans to expand its offerings to include Vietnam companies next year
13 hours ago
SGX launches three new depository receipts for renowned Indonesian blue chips
Teo Zheng Long - The Singapore Exchange has launched the Singapore Depository Receipt (SDR) Linkage mirroring renowned Indonesian listed blue chips. This will bring the total number of SDR listed on SGX to 26 securities. The launch of the Indonesian SDR follows the signing of a Memorandum of Understanding (MOU) betw ...
13 hours ago
Another Apple exec leaves for Meta as AI talent war heats up, Bloomberg News reports
Apple's Ke Yang, the newly tapped executive leading an effort to develop a ChatGPT-like AI-driven web search, is stepping down to join Meta, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.Just weeks ago, Yang was appointed head of a team called Answers, Knowled ...
13 hours ago
Apple's newly tapped head of ChatGPT-like AI web search to leave for Meta, Bloomberg News reports
Apple's Ke Yang, the newly tapped executive leading an effort to develop a ChatGPT-like AI-driven web search, is stepping down to join Meta, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.Reuters could not immediately verify the report. Apple, Meta and Yang did ...