2 days ago
Wall St opens lower after Trump's comments dent Iran resolution hopes
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Apr 2), in the last session of a holiday-truncated week, after President...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Singapore stocks end lower on Thursday amid geopolitical uncertainty; STI down 0.6%
Ranamita Chakraborty - Across the broader market, decliners outnumber advancers 368 to 210, after 1.5 billion securities worth S$1.7 billion change hands
2 days ago
Blackstone’s AirTrunk picks banks for Singapore Reit IPO: sources
Citigroup, DBS and Jefferies will help the Australian company to prepare for the listing
2 days ago
DBS, Citigroup to help Blackstone’s AirTrunk list Singapore Reit: sources
Citigroup, DBS and Jefferies will help the Australian company to prepare for the listing
2 days ago
Netflix searches for franchises after losing out on Harry Potter
LOS ANGELES, April 2 : After losing its bid for Warner Bros Discovery’s rich trove of characters and stories, Netflix is forging ahead with the challenging work of building culture-defining franchises on its own.Chief Creative Officer Bela Bajaria said Netflix would keep investing in original idea ...
2 days ago
Competition watchdog seeks public feedback for Zuellig Pharma-Eli Lilly deal
Shikhar Gupta - Pact includes Zuellig Pharma having exclusive rights to manufacture the prescription erectile dysfunction medication, Cialis, in Singapore
2 days ago
Indonesia publishes list of high-concentration stocks following MSCI transparency push
Elisa Valenta - It reveals the level of ownership concentration among a company’s shareholders
2 days ago
Indonesia names companies with high ownership concentration following MSCI transparency push
Elisa Valenta - List includes Barito Renewables Energy and Dian Swastatika Sentosa
2 days ago
Grab to provide delivery-partners with fuel vouchers amid rising fuel expenses
SINGAPORE: Grab Singapore will provide fuel vouchers to its delivery-partners amid rising fuel costs linked to the Middle East conflict.The move will bring its total financial support for its partners to about S$1.4 million (US$1 million), it said in a media release on Thursday (Apr 2).The company i ...
2 days ago
Western Union completes acquisition of Singtel’s Dash
Nurdianah Md Nur - Western Union has completed its acquisition of Dash, the Singapore-based mobile wallet owned by Singtel. The deal, finalised after regulatory approvals, gives Western Union access to a platform with more than 1.4 million users in Singapore. Launched in 2014, Dash offers payments, remittances, saving ...
2 days ago
Singapore convenes crisis committee to boost energy resilience and support amid Iran war
Elysia Tan - Firms and households can expect enhanced, earlier assistance, with targeted help for more severely affected sectors: PM Wong
2 days ago
Singapore biotech Mirxes misses 2025 results deadline as auditors probe vendor payments
Tessa Oh - Trading in company’s shares is suspended until its results are published
2 days ago
Singapore’s Q1 investment banking fees hit 3-year high of US$187.8 million
Deon Loke - Citi emerges tops with a 12.7% wallet share
2 days ago
BioNTech to close vaccine manufacturing plant in Singapore by 2027
The German biotechnology company currently employs 85 people at its manufacturing plant in Tuas.
2 days ago
Singapore’s SMEs get a structured push to turn AI into results
Nurdianah Md Nur - SGTech has launched a structured yet flexible programme to help small and medium-sized enterprises (SMEs) move from AI curiosity to measurable business impact. Called the AI-Ready Enterprise Initiative, it takes SMEs through three stages: Foundation builds basic awareness, Engage embeds AI into work ...
2 days ago
Private banker Evonne Tan to lead Asia business for Schroders Wealth Management
Lin Daoyi - Evonne Tan, head of Barclays private bank in Singapore, will be joining Schroders Wealth Management as CEO of Asia Wealth Management on Jul 1, 2026. In her new appointment, Tan will be spearheading the business unit’s strategic growth, strengthening client relationships and enhancing a high-perfor ...
2 days ago
Savills appointed to sell iconic GBP450 mil island site at London’s Piccadilly Circus
Jovi Ho - Savills, alongside investment bank Lazard, has been jointly appointed by London-listed REIT Landsec to sell the freehold of its one-acre island site at London’s famous Piccadilly Circus, which includes newly developed offices, prime retail units and the land that underpins the famed Piccadilly Lig ...
2 days ago
China tells private refiners to keep up fuel output at all costs
Any refineries that cut run rates and produce lower volumes will have their oil import quotas cut accordingly for the coming years
2 days ago
Bitcoin tumbles as Trump signals harder Iran strikes
Investors have pulled back from risk assets after the US president dampened hopes of an end to the conflict
2 days ago
Hyatt appoints Vikas Chawla president of India and Southwest Asia
Jovi Ho - New York-listed global hospitality group Hyatt Hotels has appointed Vikas Chawla in the newly created role of president, India and Southwest Asia, to lead the business in the region from April 1. Chawla joins from food and facility management solutions provider Compass Group, where he led India oper ...
2 days ago
BofA raises target price for SGX to $20.50; valuations look full
Kwan Wei Kevin Tan - Bank of America analysts Sukriti Bansal and Aiden Chionh have upgraded the Singapore Exchange (SGX: S68 ) to “neutral” from “underperform” and raised their target price to $20.50, a 39% increase from their initial target price of $14.70. Sukriti and Chionh’s neutral rating is anchored on t ...
2 days ago
CGSI cuts SIA’s earnings projections for FY2027 by nearly 40% as fuel prices surge
Tay Peck Gek - The research house has also trimmed its forecast for the group’s FY2026 core net profit by 4%
2 days ago
No price hike for Mediacorp’s World Cup subscription as fees stay at S$98 and S$118
[SINGAPORE] There will be no price hike for the 2026 World Cup subscription plans in Singapore, after Mediacorp announced that fans here...
2 days ago
France to announce measures to favour data centres in coming weeks, Finance Minister says
PARIS, April 2 : French Finance Minister Roland Lescure said on Thursday his government expects to announce in the coming weeks new measures to encourage setting up data centres in the country.He added investors in Japan are looking at Europe to install data centres.
2 days ago
Barclays’ private banking head Evonne Tan to be CEO of Schroders Asia Wealth Management from Jul 1
Her appointment comes as the private bank aims to ramp up investment in Asia
2 days ago
The real shine behind Singapore’s golden ambitions is not in gold’s meteoric price increase
Jude Chan - Investors are faring well with listed gold counters hitting fresh highs, but the Republic is also aiming to benefit with the region’s...
2 days ago
Indonesia says stock market reform drive completed after Feb's selloffs
JAKARTA, April 2 : Indonesia has completed key stock market reforms ahead of a self-imposed deadline linked to MSCI's May index review, a senior official said on Thursday, following mass equity selloffs triggered by an MSCI warning earlier this year. The proposed reforms were unveiled after ind ...
2 days ago
Indonesia completes stock market reforms requested by index providers, official says
JAKARTA, April 2 : Indonesia has completed the stock market reforms that were requested by index providers, a senior official said on Thursday, part of efforts to restore investor confidence in Southeast Asia's biggest economy.Authorities will publish a list of stocks with high shareholder conc ...
2 days ago
Scarcity and prestige: A market analysis of Singapore’s strata offices
Alice Tan and Jason Chan - Singapore’s office market is among the most tightly held in the region, with the Central Business District’s (CBD) strong grip on quality stock. Around half of our office supply is found within the Downtown Core, encompassing Raffles Place, Marina Bay and Shenton Way. Of this, approximately 70% ...
2 days ago
BOJ may be overlooking real risk from Iran war, says ex-central bank official
TOKYO, April 2 : Japan's economy may face supply shocks and slumping demand from the Iran war, a risk the central bank may be overlooking by focusing on inflationary pressures, former central bank official Nobuyasu Atago said on Thursday.A slew of recent hawkish communication from the Bank of J ...
2 days ago
Fuel spike, Middle East crisis squeeze Malaysia Aviation Group’s bottom line despite 2025 recovery
Fuel makes up 40% of cost; every US$1 rise adds RM50 million in annual cost
2 days ago
Malaysia Airlines parent's earnings rise in 2025, but Middle East conflict clouds outlook
MAG warned that geopolitical uncertainties continue to affect capacity, supply chains and cost structures
2 days ago
Trump's fresh Iran threats give investors a risk-off reality check
April 2 : President Donald Trump's threat to bomb Iran back to the Stone Age has sharply raised stakes in a war now in its fifth week and crushed investors' hopes for a swift end to a conflict that is squeezing oil supplies and fanning inflation.Global markets recoiled on Thursday as war j ...
2 days ago
Light at last for Hong Kong's Central office market after 7-year slump
HONG KONG, April 2 : Hong Kong's Grade-A office market in the city's financial core is finally hitting a floor after nearly seven years of decline, buoyed by a roaring capital market that is boosting demand from both mainland Chinese and multinational firms, realtors said.The turnaround fo ...