Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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21 hours ago
Dutch government to launch plan to keep ASML in Netherlands
AMSTERDAM : The Dutch government is expected to lay out initial plans on Thursday to keep the country's largest company ASML, from moving operations outside the Netherlands over concerns ranging from anti-immigration policies to infrastructure problems.Semiconductor equipment maker ASML, Europe ...
21 hours ago
China's ICBC to support stabilisation of property market
SHANGHAI: The Industrial and Commercial Bank of China (ICBC) said on Thursday (Mar 28) it will support moves underway in the world's second-largest economy to stabilise its property market. The comments were made by Wang Jingwu, a vice president at the world's largest lender, at a press co ...
22 hours ago
DBS bank confident of 15-17% ROE in next 3 to 5 years, CEO says
SINGAPORE’S biggest bank DBS Group is confident of achieving a return on equity (ROE) of 15 per cent to 17 per cent in the medium term or over the next three to five years, its chief executive officer Piyush Gupta said on Thursday (Mar 28).
22 hours ago
Daily Debrief: What Happened Today (Mar 28)
Stories you might have missed
22 hours ago
US cryptocurrency ETF inflows pick up as bitcoin price recovers
Inflows into the nine recently launched exchange-traded funds (ETFs) tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency's price bounced back from its dip last week."The resumption in bitcoin's strong performance is sparking renewed interest in the ...
22 hours ago
Sri Lanka's key inflation rate falls to 0.9% in March
COLOMBO : Sri Lanka's key inflation rate fell to 0.9 per cent year-on-year in March from 5.9 per cent in February, the statistics department said on Thursday.The Colombo Consumer Price Index, a leading indicator for broader national prices, tracks inflation in Colombo, Sri Lanka's biggest ...
22 hours ago
Singapore's DBS bank confident of 15%-17% ROE in next 3-5 years, CEO says
SINGAPORE: Singapore's biggest bank DBS Group is confident of achieving a return on equity (ROE) of 15 per cent to 17 per cent in the medium term or over the next three to five years, its chief executive said on Thursday. "Rates have come down from the 5.5 per cent, we think the new normal ...
22 hours ago
Italy's Azimut eyes partner for planned fintech bank
MILAN : Italian asset manager Azimut Holding set out plans on Thursday to spin off part of its network of financial advisers and merge it into a new digital bank, adding it was looking at outside investors taking a stake of up to 50 per cent in the new unit.Azimut said the plan was to list the busin ...
22 hours ago
Italy's Azimut to create fintech bank through spin-off and listing
MILAN : Italian asset manager Azimut Holding plans to increase the value of its business by spinning off part of its network of financial advisers and merging it into a new digital bank to be listed within 6-9 months, it said on Thursday.Azimut Holding, which will remain as an independent and listed ...
22 hours ago
SIA Engineering Company exits Pratt and Whitney risk-revenue sharing programme
Bryan Wu - SIA Engineering Company (SIAEC) has announced that it has entered into an agreement with Pratt and Whitney to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through SIAEC’s wholly-owned subsidiary NexGen Network (2) Holding (NGN2). Upon exiting the RRSP, SIAEC wil ...
22 hours ago
Sam Bankman-Fried's sentencing hearing over FTX fraud begins
NEW YORK : The judge who will sentence Sam Bankman-Fried on Thursday rejected the former billionaire cryptocurrency wunderkind's argument that customers of the now-bankrupt FTX exchange he founded did not actually lose money, a potentially ominous sign for him.Bankman-Fried, 32, faces the prosp ...
22 hours ago
Sam Bankman-Fried to be sentenced for multi-billion dollar FTX fraud
NEW YORK : Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, is set to be sentenced on Thursday over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded.Bankman-Fried, 32, faces the prospect of decades behind bars after a jury found hi ...
22 hours ago
Sam Bankman-Fried lied during trial, judge says at FTX founder's sentencing
NEW YORK: Sam Bankman-Fried lied on the witness stand at his fraud trial last year when he said he did not know that his hedge fund had spent customer deposits taken from the FTX cryptocurr
22 hours ago
Singapore stocks close lower on Thursday ahead of long weekend; STI down 0.9%
Navene Elangovan - SINGAPORE shares ended a shortened trading week with losses on Thursday (Mar 28), ahead of the Good Friday public holiday.
22 hours ago
A million solar eclipse enthusiasts expected at Niagara Falls
NIAGARA FALLS, Ontario : From vintage train rides costing almost $4,000 per person to hotel rooms listed at $1,600 a night, businesses in and around majestic Niagara Falls are preparing to cash in on the April 8 total solar eclipse - with around a million visitors expected.The dramatic waterfall, si ...
22 hours ago
Who is Sam Bankman-Fried, the onetime crypto mogul sentenced to 25 years in prison?
NEW YORK :A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a cryptocurrency hedge fund, setting off a sequence of events that culminated on Thursday ...
22 hours ago
Who is Sam Bankman-Fried, the onetime crypto mogul facing decades in prison?
NEW YORK : A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a cryptocurrency hedge fund, setting off a sequence of events that will culminate on Thu ...
23 hours ago
Market Focus Daily: Thursday, March 28, 2024 (Ep 32)
Australian shares hit record highs; Tokyo stocks drop as investors locked in dividend rights; Two former Seatrium executives charged with corruption for paying more than S$20 million in bribes in Brazil.
23 hours ago
Eurozone bank lending stagnated again in February
BANK lending to eurozone companies and households continued to stagnate last month, with high interest rates likely to have discouraged borrowers as well as lenders, European Central Bank data showed on Thursday (Mar 28).
23 hours ago
ERP 2.0 on-board units to be installed in all new vehicles in Singapore from May 1
Derryn Wong - NEW vehicles registered in Singapore on or after May 1, 2024, will be fitted with on-board units (OBUs) that can support distance-based road pricing, or Electronic Road Pricing 2.0 (ERP 2.0).
23 hours ago
US requiring new AI safeguards for government use, transparency
The White House said Thursday it is requiring federal agencies using artificial intelligence to adopt "concrete safeguards" by Dec. 1 to protect Americans’ rights and ensure safety as the government expands AI use in a wide range of applications.The Office of Management and Budget issued ...
23 hours ago
Thailand offers tax waiver to attract 'world-class events'
BANGKOK: Thailand on Thursday announced a tax waiver for organisers of large international concerts, sporting events, and festivals to try to attract big events and position itself as a regional tourism hub. The Board of Investment will grant organisers of large international events requiring an inv ...
24 hours ago
India sizzles in global equity capital markets amid deals drought in Asia
INDIA’S bulging pipeline of large block trades and listings such as the US$3 billion IPO of Hyundai Motor’s unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said.
24 hours ago
With Cainiao buyback, Alibaba takes aim at rivals’ overseas rise
ALIBABA’S plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-commerce rivals Shein and Temu more seriously in overseas markets, analysts said.
24 hours ago
With Cainiao buyback, Alibaba takes aim at rivals’ overseas advance
ALIBABA’S plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e-commerce rivals Shein and Temu more seriously in overseas markets, analysts said.
1 day ago
Insurers could face losses of up to US$4 billion after Baltimore bridge tragedy: Analyst
LONDON: The collapse of Baltimore's Francis Scott Key Bridge could cost insurers billions of dollars in claims, analysts say, with one giving a total of as much as US$4 billion, which would make the tragedy a record shipping insurance loss.
1 day ago
UBS cuts 2023 bonus pool by 14% after deal, trading slowdown
UBS Group cut its bonus pool for last year by 14 per cent after a tougher year for deal-makers and traders, as the Swiss bank increases its cost-saving targets amid the integration of Credit Suisse.
1 day ago
China’s home-grown C929 widebody passenger jet enters 'crucial' development stage amid Beijing’s aviation push
China’s home-grown C929 widebody passenger jet has entered “a crucial stage” of its development process, according to its manufacturer, amid Beijing’s continuous efforts for a strong presenc
1 day ago
Do you need private AI?
Ruth Faller - It has been a year since generative AI surged into the mainstream, accelerating the growth of enterprise AI. According to the International Data Corp, annual spending on AI — including generative AI — is projected to rise from US$175.9 billion ($235.4 billion) in 2023 to US$509.1 billion in 2027 ...
1 day ago
More than 20% of global oil refining capacity at risk: analysis
MORE than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published on Thursday (Mar 28), as petrol margins weaken and the pressure to reduce carbon emissions mounts.
1 day ago
China lifts tariffs on Australian wine, ends three-year freeze in trade
CHINA will lift anti-dumping and anti-subsidy tariffs on Australian wine from Mar 29, China’s Commerce Ministry said on Thursday (Mar 28), ending three years of punitive levies and offering long-awaited relief to Australian wine producers.
1 day ago
China to end punitive tariffs on Australian wine on Friday
CHINA’S commerce ministry said on Thursday (Mar 28) it was lifting punitive tariffs on Australian wine, as trade ties improve between the two countries after years of tension.
1 day ago
Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion
:Keysight Technologies outbid rival Viavi Solutions to buy Spirent Communications for about 1.16 billion pounds ($1.46 billion) on Thursday, winning a battle over the UK telecoms testing firm's expertise in automation.Shares in London-listed Spirent were up 10.6 per cent to 198.0 pence as of 09 ...
1 day ago
UK's Spirent ditches Viavi for Keysight's 15% higher takeover offer
:Spirent Communications has agreed to Keysight Technologies's offer valuing the firm at 1.16 billion pounds ($1.46 billion), it said on Thursday, withdrawing its support for Viavi Solutions's bid that was 15 per cent lower. U.S.-based Keysight offered to buy the British telecommunications ...






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