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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15 hours ago
Banks, consumer firms, telcos, REITs to benefit from Budget, but corporate tax drags on MNCs: Bloomberg Intelligence
Nicole Lim -
15 hours ago
This blended wing plane wants to reshape aviation. But can it deliver the 50% cut in fuel burn it promises?
The “blended wing body” – a curvaceous airframe with no clear dividing line between its wings and body, is touted to be more aerodynamically efficient, potentially saving fuel and boosting range.
16 hours ago
Fighting climate change with passive building design and digital construction technology
Vitaly Berezka - Southeast Asia's commercial construction sector is experiencing rapid growth, with a projected 2.5% increase in 2023, reaching a value of US$450.1 billion. Simultaneously, the demand for infrastructure in Asia is anticipated to surge, reaching a forecasted US$1.7 trillion by 2030. However, desp ...
16 hours ago
Asia: Stocks lower after Wall Street losses
ASIAN markets were mostly down on Wednesday, tracking US losses as investors await a key tech earnings report and Fed policy meeting minutes later in the day.
16 hours ago
RHB expects ST Engineering to post 19% higher patmi for 2HFY2023, ups target price to $4.50
Jovi Ho -
16 hours ago
Healthy outlook for MRO providers in 2024, CGS International lifts TPs for SIA Engineering and ST Engineering
Khairani Afifi Noordin - CGS International is keeping “overweight” on the airport services sector as issues with newer generation aircraft and engines continue to surface into 2024. Analysts Lim Siew Khee and Kenneth Tan explain that this will be driven by the widespread recall of geared turbofan engines (GTF) and incre ...
16 hours ago
Analysts remain positive on Sembcorp Industries amid ‘intact’ green transition theme
Felicia Tan -
16 hours ago
Youth appetite for gold rises as Chinese economy loses lustre
SHUNDE: The sound of gentle tapping filled a jewellery workshop in southern China as a craftsman hammered pine leaf patterns onto a soft slab of gold in the style of old ink paintings. Elaborate traditional pieces created by master goldsmiths have always been popular in China, bought as gifts for sp ...
16 hours ago
SAESL announces US$180 million expansion with EDB and JTC Corporation support
Derryn Wong - SINGAPORE Aero Engine Services Private Limited (SAESL) announced a US$180 million expansion plan at the Singapore Airshow on Wednesday (Feb 21).
16 hours ago
Hot stock: SIA dives 9.4% after Q3 results disappoint, erasing 3-week gain
Vivienne Tay - SHARES of Singapore Airlines (SIA) tumbled as much as 9.4 per cent during early trading on Wednesday (Feb 21) after hitting a six-month high on Tuesday.
17 hours ago
Stocks ease as investors await Nvidia reality check, Fed minutes
LONDON : Global shares eased on Wednesday ahead of earnings from Nvidia, which many are hoping will help justify the hype around 2024's AI-driven rally, and ahead of minutes of the Federal Reserve's January meeting.In commodities, steps by Chinese authorities to prop up economic growth in ...
17 hours ago
China boosts Asian shares as investors brace for Nvidia earnings
SINGAPORE :Chinese markets lifted Asian stocks on Wednesday on optimism over steps taken by policymakers to boost confidence, while looming earnings from Nvidia kept investors on edge following the recent frenzied AI-driven global rally. Financial markets will also look out for the minutes of the Fe ...
17 hours ago
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
SINGAPORE : Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal Reserve sapped risk appetite, with investors looking to the minutes of the U.S. central bank's last meeting for clues on the policy outlook.MSCI's broadest index of Asia-Pac ...
17 hours ago
UOB Kay Hian ups Tiong Woon’s TP to 90 cents as 1HFY2024 results beat expectations
Felicia Tan -
17 hours ago
Singapore to invest up to S$100 million in 10 Gbps fibre network upgrade
Yong Jun Yuan, Michelle Zhu - THE Infocomm Media Development Authority (IMDA) is investing as much as S$100 million to upgrade Singapore’s Nationwide Broadband Network (NBN), such that it will run on higher speeds of up to 10 gigabits per second (Gbps).
17 hours ago
Australia’s Woolworths CEO quits as food price inquiry looms, half-year profit misses
WOOLWORTH Group on Wednesday said CEO Brad Banducci will retire after more than eight years at the helm, just as Australia’s biggest grocer prepares for a public inquiry into suspected price gouging and flags weaker second-half earnings.
17 hours ago
Singapore shares fall on Wednesday; STI down 0.6%
Srinidhi Ragavendran - SINGAPORE stocks fell on Wednesday (Feb 21) morning, tracking overnight losses in global markets.
17 hours ago
SIA shares drop following earnings miss and analysts' downgrades
The Edge Singapore -
17 hours ago
SIA shares drop following earnings miss
The Edge Singapore - Singapore Airlines C6L shares dropped after it reported 3QFY2024 earnings that grew but missed expectations, amid pricing and cost pressures.   Thus far today, SIA's share price dropped as much as 9.36% to change hands at $6.68. It most recently traded at $6.82 as at 9.30 am.   For the three ...
17 hours ago
Meta's Zuckerberg to meet Samsung chief, discuss AI in South Korea: Media
SEOUL: Meta's CEO Mark Zuckerberg is planning to visit South Korea to meet Samsung Electronics chairman Jay Y Lee as early as later this month, South Korean media reported on Wednesday (Feb 21). Zuckerberg is expected to discuss AI chip supply and other generative AI issues, and may also meet S ...
17 hours ago
Japan's Mizuho aims to remain a top 10 global investment bank
TOKYO : Mizuho Financial Group aims to stay in the top 10 of the global investment bank league table, its investment banking chief told Reuters, after it became the first Japanese bank to enter the table's upper echelons in more than a decade.Mizuho ranked 10th in LSEG's investment banking ...
18 hours ago
Dollar tracks global yields lower as Fed minutes awaited
SINGAPORE :The dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while traders awaited minutes of the Federal Reserve's latest policy meeting due later in the day for further clues on the central bank's rate outlook.The greenback slipped below 150 yen in Asia ...
18 hours ago
Dollar tracks global yields lower; sterling heavy
SINGAPORE : The dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while sterling struggled to retain gains following dovish comments from Bank of England (BoE) Governor Andrew Bailey on the central bank's rate outlook.The greenback slipped below 150 yen in early As ...
18 hours ago
Oil rises as investors weigh Red Sea attacks, US rate cut outlook
NEW DELHI :Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures rose 30 cents or 0.36 per cent to $82.64 a barrel by 0324 GMT, whi ...
18 hours ago
Oil rises; markets weigh Red Sea attacks, US rate cuts
BEIJING : Oil prices regained some ground in early Asian trade on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts. Brent crude futures rose 12 cents, or 0.15 per cent, to $82.46 a barrel b ...
18 hours ago
Crypto firm Circle to end support for USDC stablecoin on Tron blockchain
LONDON : Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday "aligned with its efforts to ensure that USDC remained trusted, transparent and safe".Boston-based Circle said in a blog that, effective immed ...
18 hours ago
Proposed EGM and requisitions not beneficial to progress of internalisation for Sabana REIT, says trustee
Felicia Tan - The proposed extraordinary general meeting (EGM) and requisitioned resolutions would not be beneficial to the progress of the internalisation of Sabana REIT, says the REIT’s trustee, HSBC Institutional Trust Services (Singapore). “In fact, the trustee considers that certain requisitioned resolut ...
18 hours ago
Hong Kong bankers earn up to 46% more than Singapore peers
FINANCE and technology professionals are generally better paid in Hong Kong than in Singapore, with investment-banking analysts earning 46 per cent more than in the South-east Asian city-state, according to a report from Bloomberg Intelligence.
18 hours ago
Hong Kong bankers earn up to 46 per cent more than Singapore peers
FINANCE and technology professionals are generally better paid in Hong Kong than in Singapore, with investment-banking analysts earning 46 per cent more than in the South-east Asian city-state, according to a report from Bloomberg Intelligence.
18 hours ago
Sasseur Reit posts 8.7% rise in Q4 DPU to S$0.01415 on outlet sales growth
Mia Pei - SASSEUR Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose 8.7 per cent on the year to S$0.01415 for the fourth quarter ended Dec 31, 2023, from S$0.01302 previously.
18 hours ago
Sasseur REIT reports 4.6% lower FY2023 DPU of 6.249 cents due to stronger SGD and higher finance costs and tax expenses
Felicia Tan - Sasseur REIT has reported a distribution per unit (DPU) of 6.249 cents for the FY2023 ended Dec 31, 2023, 4.6% lower y-o-y. Distributable income for the full year fell by 5.8% y-o-y to $83.4 million due to the stronger Singapore dollar (SGD) relative to the renminbi (RMB) as well as higher finance c ...
18 hours ago
Qantas names John Mullen new chairman to lead board overhaul
QANTAS Airways named boardroom veteran John Mullen as its new chairman to help lead an overhaul of the airline following a string of scandals and missteps.
19 hours ago
Stocks to watch: SIA, First Sponsor, Sasseur Reit, First Reit, TalkMed, UOI
Srinidhi Ragavendran - THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 21):
19 hours ago
Amazon to replace Walgreens in Dow Jones Industrial Average
AMAZON is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective next week, S&P Dow Jones Indices said on Tuesday.






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