15 hours ago
Macquarie ranks Malaysia’s market as its top pick among 5 Asean countries
Lionel Lim - The Australian bank cites politics, currency strength and corporate capital expenditure
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
15 hours ago
Malaysia's Maybank aims to mobilise $74 billion in sustainable finance by 2030
Jan 21 : Maybank plans to mobilise 300 billion ringgit ($74.00 billion) in sustainable finance over the next five years, Malaysia's largest lender by assets said on Tuesday. The move comes as part of the bank's new five-year strategy, ROAR30, till 2030, which includes achieving a return on ...
15 hours ago
More than one-third of people want fewer foreign firms operating in their home country: report
Chloe Lim - The widest gap in trust between domestic firms and those based abroad seen in Canada, Japan and Germany
16 hours ago
Taiwan's GlobalWafers preparing for phase two expansion at Texas plant
HSINCHU, Taiwan, Jan 21 : Taiwanese silicon wafer manufacturer GlobalWafers is preparing for the phase two expansion of its plant in the U.S. state of Texas, subject to customer commitments, Chairperson Doris Hsu told reporters on Wednesday.In May of last year, GlobalWafers said it would invest an a ...
16 hours ago
GlobalWafers is preparing for phase two expansion at Texas plant, chairperson says
HSINCHU, Taiwan, Jan 21 : Taiwanese silicon wafer manufacturer GlobalWafers is preparing for the phase two expansion of its plant in the U.S. state of Texas, subject to customer commitments, Chairperson Doris Hsu told reporters on Wednesday.In May of last year, GlobalWafers said it would invest an a ...
16 hours ago
Thailand to introduce gold trade cap to curb baht rise, central bank chief says
BANGKOK, Jan 21 : Thailand will introduce a cap on gold trading by January 29 in a bid to stabilise its currency, Bank of Thailand Governor Vitai Ratanakorn told reporters on Wednesday.Trading will be capped at between 50 million to 100 million baht ($1.6 million to $3.2 million), he said.The baht h ...
16 hours ago
France's Atos flags steep revenue decline for 2025
Jan 21 : French IT group Atos said on Wednesday it expected to report a sharp drop in annual revenue, but in line with its own guidance, as contract losses persisted through the quarter that ended on December 31.Group revenue in 2025 is estimated to have fallen to 8 billion euros ($9.4 billion), whi ...
16 hours ago
L'oreal to invest US$383 million in Indian beauty tech hub
[PARIS] French cosmetics giant L’oreal said on Wednesday (Jan 21) it will set up a beauty tech hub in the south Indian...
16 hours ago
Lim & Tan Securities ups CNMC Goldmine’s TP to $1.53; says it’s a ‘great time’ to be a ‘gold digger’
Felicia Tan - Lim & Tan Securities analyst Chan En Jie sees more upside to CNMC Goldmine’s share price as spot gold prices climb to fresh highs. In a Jan 21 report, Chan raised his target price to $1.53, implying a 23.4% upside to CNMC’s last-closed share price of $1.24 on Jan 20. “CNMC Goldmine remains ...
17 hours ago
Analysis:Geopolitical and tariff risk back with a bang for markets
NEW YORK, Jan 21 : As President Donald Trump kicks off the second year of his second term in office, the geopolitical- and tariff-related volatility that characterized his return to power has resurfaced to shake markets. Investors who have been conditioned to asset prices swiftly rebounding are wor ...
17 hours ago
Japan's top labour union group urges government to stabilise forex
TOKYO, Jan 21 : The chief of Japan's largest trade union umbrella group Rengo on Wednesday pressed the government to steer economic policy toward stabilising foreign exchange rates, saying that the weak yen is accelerating inflation through higher import costs.The yen has sank against major cur ...
17 hours ago
Maybank lifts ROE target to 13-14% by 2030 in new five-year strategy ahead of Q4 earnings
Therese Soh - It will invest RM10 billion in its technology, data and AI strategy over the next five years
17 hours ago
Maybank eyes 13-14% ROE by 2030 in new five-year strategy unveiled ahead of Q4 earnings
Therese Soh - It will invest RM10 billion in its technology, data and artificial strategy over the next five years
17 hours ago
OpenAI to start offering chatbot ads to advertisers, The Information reports
OPENAI has started offering its new chatbot ads to dozens of advertisers, The Information reported on Tuesday, citing people familiar with the...
18 hours ago
Gates and OpenAI team up for AI health push in African countries
LONDON, Jan 21 : The Gates Foundation and OpenAI are setting up a $50 million partnership to help African countries use artificial intelligence to improve their health systems.The partnership, called Horizon1000, plans to work with African leaders to work out how best to use the technology, starting ...
18 hours ago
OCBC sets up securities financing unit for institutional investors
Tan Nai Lun - It will create opportunities for these customers to earn fee income by lending out their idle securities, says lender
18 hours ago
L'oreal to invest $383 million in Indian beauty tech hub
Jan 21 : French cosmetics giant L'oreal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.4 million).The hub aims to be a global base for AI‑driven beauty innovation, create 2,000 tech jobs throu ...
18 hours ago
L'oreal to invest $383 million in Indian tech hub
Jan 21 : French cosmetics giant L'oreal said on Wednesday it will set up a tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.41 million). ($1 = 91.2860 Indian rupees)
19 hours ago
Trump’s plane lands safely after ‘minor electrical issue’, Davos trip to continue
[ABOARD AIR FORCE ONE] President Donald Trump’s Air Force One landed safely at Joint Base Andrews near Washington to change aircraft on...
19 hours ago
South Korea's Lee sees won strengthening to 1,400 level, stocks still undervalued
SEOUL, Jan 21 : South Korean authorities expect the won to strengthen to around the 1,400-per-dollar level in a month or two, although domestic policies alone will not be able to stabilise foreign exchange markets, President Lee Jae Myung said on Wednesday. Lee also said the domestic stock market, w ...
19 hours ago
OpenAI to unveil chatbot ads to its advertisers, The Information reports
Jan 20 : OpenAI plans to unveil its chatbot ads in February to dozens of its advertisers, The Information reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report.
19 hours ago
Thai industrial sentiment retreats in December after 7-month high in November
BANGKOK, Jan 21 : Thailand's industrial sentiment index fell in December after hitting a seven-month high in November over concerns about the border conflict with Cambodia and uncertainties about government policies, the Federation of Thai Industries said on Wednesday.The strong baht and slow m ...
19 hours ago
Singapore a ‘safe harbour’ amid global volatility with Singdollar set to gain: Julius Baer
Benicia Tan - The wealth manager urges investors to look to growth areas for portfolio diversification
19 hours ago
South Korea’s Lee sees won strengthening to 1,400 level in a month or two
[SEOUL] South Korean authorities expect the won to strengthen to around the 1,400 per dollar level in a month or two, although...
20 hours ago
Loh of UOB Kay Hian wishes CDL a 'more pleasant Chinese New Year', raises target price to $11.50
The Edge Singapore - Adrian Loh of UOB Kay Hian has joined several other analysts in raising his target price for City Developments, with a common view that the developer is benefiting from the "capital recycling plus lower funding cost" theme. In his Jan 21 note, Loh raised his target price from $8.50 to $11. ...
20 hours ago
OpenAI unveils plan to keep data-center energy costs in check
Jan 20 : OpenAI unveiled a Stargate Community plan on Tuesday, aimed at "paying its way on energy" and ensuring that its operations do not raise electricity costs for local communities. Stargate is a $500 billion, multi-year initiative to build AI data centers for training and inference, b ...
20 hours ago
Gold and platinum hit records as crisis over Greenland worsens
GOLD and platinum rose to fresh records - while silver was near an all-time peak - as the worsening crisis over Greenland and...
20 hours ago
Bitcoin dips back below US$90,000 as global selloff deepens
BITCOIN slid to its lowest level in more than a week, tracking a sharp selloff across global financial markets as investors continued...
20 hours ago
Japan’s Nikkei extends losses; bonds rise as global trade frictions weigh
[TOKYO] Japan’s Nikkei share average fell for a fifth straight session on Wednesday as global trade frictions weighed on risk sentiment, while...
20 hours ago
Indonesia pledges central bank independence as rupiah hits record low
This comes after lingering fears about government interference in monetary policy as President Prabowo Subianto nominated his nephew as deputy governor of the central bank.
21 hours ago
South Korea's Lee sees won strengthening to 1,400 level in a month or two
SEOUL, Jan 21 : South Korean authorities expect the won to strengthen to around the 1,400 per dollar level in a month or two, although domestic policies alone will not be able to stabilise foreign exchange markets, President Lee Jae Myung said on Wednesday. "According to relevant authorities in ...
21 hours ago
South Korea's Lee says authorities expect won to strengthen to around 1,400 level soon
SEOUL, Jan 21 : South Korean authorities expect the won to strengthen to around the 1,400 per dollar level in a month or two, although domestic policies alone will not be able to stabilise foreign exchange markets, President Lee Jae Myung said on Wednesday. "According to relevant authorities in ...
21 hours ago
STI, Asia markets retreat after Dow dives nearly 900 points on Trump tariff threats
Therese Soh - Potential US tariff action against Europe over Greenland sparks sell-offs; Bitcoin falls over 3%
21 hours ago
Gold hits second record high in three days as US, EU lob fresh salvos over Greenland
Gold crossed US$4,800 per ounce on Wednesday (Jan 21) as fears of a trade war between US and Europe caused a surge in safe-haven demand.