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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1 day ago
BOJ deputy governor Uchida signals readiness to raise rates further
TOKYO : Bank of Japan Deputy Governor Shinichi Uchida said on Friday the central bank will "adjust the degree of monetary support" if the economy and prices move in line with its forecasts, signalling readiness to raise interest rates further."Japan's economy is recovering modera ...
1 day ago
OK Lim’s Good Class Bungalow in Tanglin Hill goes on sale for S$43 million
Jessie Lim - ANOTHER Good Class Bungalow belonging to Hin Leong founder Lim Oon Kuin, better known as OK Lim, has been put up for sale by tender at a guide price of S$43 million.
1 day ago
UOBKH keeps ‘buy’ and TP unchanged on BRC Asia, sees bullish medium-term outlook
Douglas Toh - UOB Kay Hian (UOBKH) analysts Llelleythan Tan and Heidi Mo are keeping their “buy” call and target price of $2.42 unchanged on steel supplier BRC Asia , after the company reported a robust set of earnings for the 1HFY2024 ended March. For the period, BRC saw a 47.0% y-o-y growth to $38.5 million ...
1 day ago
CGS International keeps ‘add’ call on UOB with unchanged TP following the bank’s recent visit to KL
Ashley Lo - CGS International (CGSI) analysts Andrea Choong and Lim Siew Khee have maintained their “add” call on United Overseas Bank (UOB) with an unchanged target price of $33.30 after CGSI hosted UOB’s management in a non-deal roadshow in Kuala Lumpur (KL) earlier this month. The event took place from ...
1 day ago
Nvidia’s staggering gains leave investors wondering whether to cash in or buy more
THE huge rally in Nvidia Corp’s shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year.
1 day ago
JPMorgan wealth head sees China’s economic outlook improving
JPMORGAN Chase is seeing signs of an improving economy in China that will bolster the bank’s business in the country after a sluggish period, its CEO of asset and wealth management Mary Erdoes said.
1 day ago
JPMorgan asset and wealth head sees China’s economic outlook improving
JPMORGAN Chase is seeing signs of an improving economy in China that will bolster the bank’s business in the country after a sluggish period, its CEO of asset and wealth management Mary Erdoes said.
1 day ago
Sun Singapore to deploy AI-based parking solution powered by AMD
Nurdianah Md Nur - Sun Singapore is leveraging AMD for its new AI-based smart parking system that can recognise vehicle licence plates more accurately. It also offers advanced features like parking spot vacancy detection, lane jam, accident detection, and parking violation enforcement. The new solution aims to enhance ...
1 day ago
Three in five workers in Singapore use generative AI at work: survey
Nurdianah Md Nur - Sixty per cent of employees in Singapore are using generative AI at work to be more productive, with 42% saying that doing so has saved them at least 10 hours on tasks. This allows them to spend more time on creative tasks (53%) and with their family (49%), as well as end their work day earlier (45% ...
1 day ago
Analysis:Nvidia’s staggering gains leave investors wondering whether to cash in or buy more
NEW YORK : The huge rally in Nvidia Corp's shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year.Nvidia this week briefly became the largest U.S. company by market value on the back of a more than 1,000 per cent surge in ...
1 day ago
Gold set for weekly gain on US rate-cut optimism, geopolitical woes
GOLD prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the US Federal Reserve might reduce interest rates later this year.
1 day ago
Japan to extend gasoline subsidies to year-end, NHK reports
TOKYO : Japan's Prime Minister Fumio Kishida is set announce another extension of gasoline subsidies until the end of this year, public broadcaster NHK reported on Friday.The government has implemented the anti-inflation step since January 2022 to subsidise fuel wholesalers and lower retail pri ...
1 day ago
Japan PM extends fuel subsidy, temporary support for household utility bills
TOKYO :Japan will extend a gasoline fuel subsidy until the end of the year, Prime Minister Fumio Kishida said on Friday, and will temporarily reintroduce relief on utility bills over the summer, as the unpopular premier seeks to support households.The gasoline subsidy has been available to fuel whol ...
1 day ago
Thai Finance Minister and central bank to discuss inflation target, PM says
BANGKOK : Thailand's Finance Minister Pichai Chunhavajira will discuss the inflation target with the central bank governor, Prime Minister Srettha Thavisin said on Friday, adding additional stimulus measures would be announced next week. The government has been at loggerheads with the central b ...
1 day ago
HDB, condo rents soften in May as leasing volumes dip: SRX, 99.co
Hykel Quek - RENTS for Housing and Development Board (HDB) flats fell for the first time since January, as renters look towards the condo market where rents continue to soften.
1 day ago
CGS International sees better 2HFY2024 revenue for Venture Corp, keeps target price unchanged
Douglas Toh - CGS International analyst William Tng is keeping his “add” call and target price of $15.93 unchanged on Venture Corporation as the company guided for its 2QFY2024 revenue to improve q-o-q and 2HFY2024 revenue to improve h-o-h. Tng writes in his June 20 report: “Venture also commented in its 1Q ...
1 day ago
SAC Capital initiates ‘buy’ on ISOTeam with TP of 7.3 cents
Khairani Afifi Noordin - SAC Capital analysts Daniel Ng Ming Ci and Matthias Chan have initiated “buy” on ISOTeam with a target price of 7.3 cents.  The company’s growth drivers include the improvement in Singapore’s construction demand — which is set to be between $31 billion and $38 billion from 2025 to 2028 ...
2 days ago
BOJ tankan expected to show big manufactures confident on outlook: Reuters poll
TOKYO : Confidence among big Japanese manufacturers likely improved slightly in the three months to June, while non-manufacturers' mood slipped a bit, the Bank of Japan's (BOJ) closely-watched tankan survey is expected to show, according to a Reuters poll of 18 economists.The tankan manufa ...
2 days ago
Carousell, Facebook Marketplace must verify identity of all sellers if they fail to curb scams: MHA
Carousell and Facebook Marketplace will be allowed to apply user verification requirements on "risky sellers" for a start, says the Ministry of Home Affairs (MHA).
2 days ago
Facebook, WhatsApp, Carousell among platforms required to comply with regulations to curb scams
Yong Jun Yuan - SEVERAL social media apps and e-commerce platforms will be required from next week to put in place measures to proactively disrupt scams and malicious cyber activities affecting people in Singapore.
2 days ago
Facebook, WhatsApp, Carousell among platforms asked to comply with anti-scam rules
Yong Jun Yuan - SEVERAL social media apps and e-commerce platforms will be required from next week to put in place measures to proactively disrupt scams and malicious cyber activities affecting their Singapore-based users.
2 days ago
Asia: Markets retreat after tech losses hobble Wall Street
ASIAN markets mostly fell on Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on profit-taking, while traders are on intervention watch as the yen retreats back towards a three-decade low.
2 days ago
Hot stock: Heavy trading in Yoma Strategic as shares hit 16-month high
Chong Xin Wei - SHARES of Yoma Strategic rose as much as 6.2 per cent in early trading on Friday (Jun 21), extending gains after a turnaround in its earnings last month.
2 days ago
Are we underestimating the impact of climate change? Schroders thinks so
Jovi Ho - Concerns around the growing impact of physical risks associated with global warming call for a more in-depth analysis of their potential economic consequences, writes Irene Lauro, environmental economist at Schroders.  Global average surface temperature rose by 1.45°C above pre-industrial levels i ...
2 days ago
Asian shares end the week with a whimper, yen back to intervention watch
SYDNEY :Asian shares are ending the week with a whimper after a recent rally to 26-month highs drew profit-taking, while the relentless strength in the U.S. dollar pushed the Japanese yen towards the intervention zone. Europe is set for a flat open, having bounced a day earlier as rate cuts there ga ...
2 days ago
Stocks dip as tech rally slows, US dollar climbs
NEW YORK : A gauge of global stocks dipped for a second straight session on Friday and the dollar hit its highest level since early May as a gauge of U.S. business activity edged up to a more than two-year high. S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufact ...
2 days ago
Stock rally pauses as traders puzzle over US economy
LONDON/SYDNEY :Global stocks traded cautiously on Friday as the dollar hit multi-week highs and markets awaited U.S. business surveys for clues about whether the world's largest economy remains strong enough to withstand high interest rates. MSCI's broad index of global stocks was flat on ...
2 days ago
Stocks rally fades as traders puzzle over US economy
LONDON :Global stocks traded cautiously on Friday as the dollar hit multi-week highs and markets awaited U.S. business surveys for clues to determine whether the world's largest economy remains strong enough to withstand high interest rates. MSCI's broad index of global stocks was down aro ...
2 days ago
Asian shares end the week with a whimper, yen struggles
SYDNEY : Asian shares are ending the week with a whimper after a rally to 26-month highs earlier this week drew profit-taking, while the strength in the U.S. dollar as central banks in Europe cut rates kept pressuring the yen towards the intervention zone. Overnight, the Swiss National Bank cut rate ...
2 days ago
SoftBank CEO talks up firm's AI ambitions
TOKYO : SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000."SoftBank Group has done many things until now that have ...
2 days ago
SoftBank CEO talks up artificial super intelligence ambitions
TOKYO :SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000."SoftBank Group has done many things until now that have a ...
2 days ago
Investors prime for Bank of Japan by shorting the short end of bonds
AS GLOBAL fund managers and other investors gird for the Bank of Japan’s stated gradual exit from ultra-easy policy settings, they are short-selling the shortest tenor government bonds and positioning for an even weaker yen.
2 days ago
California rejects AT&T bid to stop offering landline service in some areas
:California rejected AT&T's bid to stop offering landline telephone service and other services as the "carrier of last resort," a state agency said on Thursday.Marin County said AT&T's request made in March 2023 would have ended services to over 580,000 eligible household ...
2 days ago
Antiquities returning to Mexico include Mayan vase sold for $4 in US store
MEXICO CITY : The Mexican government will welcome back 20 cultural artifacts that date to the country's storied ancient past, all found in the United States including a Mayan vase over 1,000 years old and purchased for about $4 at a Washington area thrift shop.Mexico's antiquities institut ...






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