9 hours ago
Asia tech stocks tumble on AI bubble fears
The downturn comes a day after a region-wide rally fuelled by an earnings report from AI bellwether Nvidia.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
An AI bubble? The bond market is not seeing one
Shuli Ren - As a debt-fuelled AI investment boom takes off, especially in cloud and data centres, many are worried that a tech bubble is forming in the global economy. Big Tech has been rushing to sell corporate bonds lately. Five companies — Amazon.com, Alphabet, Meta Platforms, Microsoft and Oracle — have ...
9 hours ago
Private education operators could potentially see renewed investor appetite
Teo Zheng Long - Private education operators listed on the Singapore Exchange (SGX) play a significant role in the region’s education and skills development ecosystem. As Singapore is a tightly regulated, globally connected education hub, these companies deliver a broad spectrum of academic programmes, vocational ...
9 hours ago
‘Undervalued gem’ Nam Cheong to shine from more charter contracts
Daoyi Lin - Similar to the Straits Times Index (STI), the winds are propelling the sails of Mainboard-listed Nam Cheong’s share price. From between 15 cents and 20 cents in the middle of last year, its share price has surged threefold to close at 77 cents on Nov 18. The share price gain was backed by bottom-l ...
9 hours ago
Samsung Elec names mobile chief co-CEO in return to traditional structure
SEOUL :Samsung Electronics said on Friday it has named its mobile chief TM Roh as a new co-CEO and head of its device experience division, which oversees the company's mobile phone, TV and home appliance businesses. The appointment returns Samsung to its traditional co-CEO structure, which divi ...
9 hours ago
Bank of Japan drops fresh hints of near-term rate hike as yen slides
TOKYO :The Bank of Japan will discuss at upcoming policy meetings the feasibility and timing of a rate hike with a focus on next year's wage-growth impulse, governor Kazuo Ueda said, signalling the chance of a near-term rise in still-low borrowing costs.The remarks, which came after data showed ...
10 hours ago
Higher targets for Yangzijiang Shipbuilding on order wins resumption
Teo Zheng Long - Adrian Loh of UOB KayHian has turned more bullish on Yangzijiang Shipbuilding, with a new target price of $4.10 from $3.90 previously, following the company’s 3QFY2025 business update, where, besides operational improvements, additional contracts are likely to be in the bag by the end of the year. ...
10 hours ago
Frencken guides for softer FY2026, but stays upbeat on longer-term prospects
Teo Zheng Long - Numerous analysts remain bullish on Frencken Group and are maintaining their “buy” calls following the recent business update for 3QFY2025 ended Sept 30, despite the company's softer guidance. Frencken’s 3QFY2025 revenue rose 6.5% y-o-y to $211.5 million, while net profit grew 7.5% y-o-y ...
10 hours ago
Salesforce says customer data possibly exposed following incident
(Corrects name of cybersecurity expert cited in paragraph 7)By Raphael SatterWASHINGTON :Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer data.In a brief statement published to its status portal, Salesf
10 hours ago
Singapore Paincare settles dispute over claims worth S$350,000 to S$450,000
Therese Soh - It did not disclose the amount of the settlement
10 hours ago
Stocks crumble as US jobs fail to clear Fed outlook, tech hammered
The downturn comes a day after a region-wide rally fuelled by an earnings report from AI bellwether Nvidia.
10 hours ago
Stocks crumble as US jobs fail to provide clarity on Fed outlook; tech hammered
The downturn comes a day after a region-wide rally fuelled by an earnings report from AI bellwether Nvidia.
10 hours ago
Coliwoo enters joint venture to acquire 1 King George’s Avenue property for S$40 million
Deon Loke - Rehau Building will be turned into a co-living space in this JV with Macritchie Developments
10 hours ago
Singapore's key exports fall by 3.3% in Q3 after four straight quarters of growth
Enterprise Singapore also narrowed the 2025 forecast to around 2.5 per cent from an earlier projection of between 1 to 3 per cent.
10 hours ago
Japan factory activity down for fifth month in November, PMI shows
TOKYO :Japan's manufacturing activity contracted for a fifth month in November, albeit at a slower pace than in the previous month due to a softer decline in output, a private-sector survey showed on Thursday.The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) ros ...
10 hours ago
Paramount, Comcast and Netflix submit bids for Warner Bros Discovery: source
The bids represent the first step in the possible sale of all or part of the century-old Hollywood studio
10 hours ago
Japan signals chance of currency intervention, yen rises
TOKYO :Japan sees currency intervention as a possibility in dealing with excessively volatile and speculative moves in the yen, Finance Minister Satsuki Katayama said on Friday, in the strongest warning to date against recent falls in the currency. "We are alarmed by recent one-sided, sharp mov ...
10 hours ago
Japan ramps up warning of yen intervention, chance of near-term rate hike
TOKYO :Japan on Friday escalated its warning of currency intervention and the central bank governor signalled the chance of a near-term interest rate hike, as authorities sought to combat unwelcome yen falls blamed for pushing up the cost of living.The yen is down around 6 per cent since Prime Minis ...
10 hours ago
Singapore upgrades 2025 GDP growth forecast to ‘around’ 4% after better-than-expected 3Q2025
Felicia Tan - The Ministry of Trade and Industry (MTI) has upgraded its GDP growth forecast for 2025 to “around” 4%, from 1.5% to 2.5% previously, after Singapore’s economy did better than expected in the 3Q2025. During the quarter, Singapore’s GDP expanded by 4.2% y-o-y, up from the 2.9% advance estimate ...
10 hours ago
Stocks to watch: Hongkong Land, ComfortDelGro, IReit Global, Coliwoo
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Nov 21):
11 hours ago
Singapore raises 2025 growth forecast to ‘around 4%’, expects 1-3% growth in 2026
Low Youjin - The upgrade is due to better-than-expected Q3 performance, driven by AI chips
11 hours ago
Singapore upgrades 2025 GDP growth forecast to around 4% after third quarter beats estimates
Singapore's economy grew 4.2 per cent in the third quarter, higher than the 2.9 per cent advance estimate.
11 hours ago
Singapore narrows 2025 NODX forecast to ‘around 2.5%’, expects ‘moderated growth’ in 2026
Paige Lim - Enterprise SG expects NODX to grow by 0 to 2% in 2026, in line with the global trade outlook
11 hours ago
Deutsche Bank warns of Japan capital flight in echo of UK crisis
Concerns over Takaichi’s spending plans have sent government bond yields to multi-decade highs and the yen has weakened to its lowest level...
11 hours ago
Japan's core inflation accelerates in October, stays above BOJ target
TOKYO :Japan's core consumer prices rose 3.0 per cent in October from a year earlier, data showed on Friday, staying above the central bank's 2 per cent target and keeping alive expectations of a near-term interest rate hike.The increase in the core consumer price index (CPI), which exclud ...
11 hours ago
US lawmakers target Chinese chipmaking equipment imports by Chips Act grant recipients
The bill targets a range of chipmaking tools from complex lithography equipment to machines that slice and dice the silicon wafers on...
11 hours ago
Japan Oct core CPI rises 3.0% yr/yr
TOKYO, Nov 21 : Japan's core consumer prices rose 3.0 per cent in October from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 3.0 per cent annual gai ...
12 hours ago
Verizon cutting more than 13,000 jobs as it restructures
Most of the cuts are to its US workforce
12 hours ago
Foxconn, OpenAI partner on AI hardware manufacturing
Foxconn will collaborate with U.S.-based OpenAI to design and engineer data center racks, components, and other artificial intelligence hardware, the Taiwanese company said on Thursday, as both firms seek to capitalize on booming demand for AI infrastructure.While the initial agreement does not incl ...
12 hours ago
US Fed fractures deepen as Barr signals inflation concern
Investors now see about a 40% probability of a rate cut at the December meeting, according to pricing in futures contracts
13 hours ago
Oil slides as US pushes for Russia-Ukraine peace deal
[HOUSTON] Oil prices fell on Thursday (Nov 20) as the administration of US President Donald Trump pushed for Ukraine’s acceptance of a...
13 hours ago
US: Wall Street indexes end lower after sharp reversal, tech leads decline
Investors have worried about lofty technology valuations amid concerns over steep AI spending, with the Nasdaq now sharply off its October high
13 hours ago
US SEC dismisses case against SolarWinds, top security officer
The U.S. Securities and Exchange Commission on Thursday said it has dropped its closely watched litigation against SolarWinds Corp and its top security officer that was tied to a Russia-linked cyberattack involving the software firm. The landmark case, which SEC brought in late 2023, rattled the cyb ...
13 hours ago
Europe: Shares advance on Nvidia results lift; investors assess US jobs data
AI equipment makers that have benefited from the technology boom gained 2.9%