13 hours ago
China Eastern pulls Madrid service amid subsidy crackdown
CHINA Eastern Airlines is pulling its twice-weekly flight from Wenzhou to Madrid at the end of this month as the country’s aviation...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Maybank and UOBKH keep ‘buy’ on Frencken, semiconductor recovery to arrive within 2HFY2025
Douglas Toh - Analysts at Maybank Securities and UOB Kay Hian (UOBKH) have both kept their “buy” calls on Frencken Group E28 as they expect to see a gradual recovery across most of the group’s segments moving forward. While UOBKH analyst John Cheong has maintained his target price of $1.74, Maybank’s Jari ...
14 hours ago
Ex-Income CEO 'welcomes’ government's Allianz-Income deal block; Allianz to consider revisions to proposed transaction
Nicole Lim - After the Singapore government announced its decision to reject the proposed acquisition of Income by German insurer Allianz in parliament on Oct 14, key stakeholders and individuals who have been outspoken about the deal have weighed in. “I welcome the government’s decision to change the law ...
14 hours ago
A trader’s guide to navigating Malaysia’s 2025 budget plan
MALAYSIA’S consumer and construction stocks are set to benefit as the government seeks to boost wages and sustain economic growth with its...
14 hours ago
Gold prices flat as traders await fresh catalysts
GOLD was flat on Tuesday (Oct 15) as investors await fresh insights into the Federal Reserve’s stance on US interest rate reductions...
14 hours ago
Singapore SMEs extend expansionary momentum in Q3, buoyed by broad-based growth: OCBC
Renald Yeo - SINGAPORE’S small and medium-sized enterprises (SMEs) extended their growth momentum for a second consecutive quarter in Q3, according to the latest OCBC...
14 hours ago
Singapore SMEs extend expansionary momentum in Q3: OCBC
Renald Yeo - SINGAPORE’S small and medium-sized enterprises (SMEs) extended their growth momentum for a second consecutive quarter in Q3, according to the latest OCBC...
15 hours ago
Citi’s Australia chief says real estate tops investor interest
REAL estate is emerging as Australia’s most in-demand sector as investors seek out the biggest beneficiaries of what they expect to be...
15 hours ago
Singapore shares open higher on Tuesday; STI up 0.6%
Therese Soh - SINGAPORE stocks began Tuesday (Oct 15) trading in positive territory, mirroring overnight gains in overseas markets.
15 hours ago
Allianz to consider revisions to proposed Income deal; says it respects Singapore government’s position
Chong Xin Wei - GERMAN insurer Allianz will consider revising the proposed transaction structure to purchase a majority stake in Singapore’s Income Insurance.
15 hours ago
VW, BMW and Mercedes are getting left in the dust by China’s EVs
RYAN Xu was a dream customer for Germany’s automakers. The Guangdong-based entrepreneur and her husband own a Porsche 911 and a Mercedes-Benz...
16 hours ago
Stocks to watch: Dyna-Mac, ST Engineering
Therese Soh - THE following company saw new developments that may affect trading of its security on Tuesday (Oct 15):
16 hours ago
Central bankers make rare comments in favour of bigger gold stash
GOLD purchases from central banks have been a key driver in bullion’s record-smashing rally this year. But officials rarely signal ahead of...
16 hours ago
Chinese developer Sino-Ocean expects to generate $2.8 billion cash to repay offshore debt
Chinese property developer Sino-Ocean Group said on Tuesday its restructuring plan was being implemented in an orderly manner and it expects to generate $2.8 billion in cash over the next decade to repay its new financing instruments.In July, the state-backed firm had reached an agreement with some ...
16 hours ago
Adobe starts roll-out of AI video tools, challenging OpenAI and Meta
ADOBE on Monday (Oct 14) said it has started publicly distributing an artificial intelligence (AI) model that can generate video from...
16 hours ago
Adobe starts rollout of AI video tools, challenging OpenAI and Meta
ADOBE on Monday (Oct 14) said it has started publicly distributing an artificial intelligence (AI) model that can generate video from...
17 hours ago
Nvidia’s record close could unseat Apple as most valuable company
SHARES of Nvidia closed at their highest ever on Monday (Oct 14), putting the heavyweight artificial intelligence (AI) chipmaker on the brink...
17 hours ago
Nvidia notches record close, could unseat Apple as most valuable company
SHARES of Nvidia closed at their highest ever on Monday (Oct 14), putting the heavyweight artificial intelligence (AI) chipmaker on the brink...
17 hours ago
Lee Hsien Yang moves to tear down 38 Oxley Road
Michelle Zhu - LEE Hsien Yang is applying to demolish his family home at 38 Oxley Road where his sister, Dr Lee Wei Ling, lived...
17 hours ago
Tokyo Metro set to raise $2.3 billion in Japan's biggest IPO in 6 years, sources say
TOKYO : Tokyo Metro is expected to raise 348.6 billion yen ($2.3 billion) after pricing its initial public offering at the top end of its range, according to two sources familiar with the matter, in the largest IPO in Japan for six years. The company has priced the shares at 1,200 yen apiece, compar ...
17 hours ago
Tokyo Metro prices IPO at 1,200 yen a piece, sources say
TOKYO : Tokyo Metro has priced its initial public offering at 1,200 yen a share, at the top end of 1,100 to 1,200 yen range, according to two sources familiar with the matter. That would raise 348.6 billion yen ($2.33 billion), making it the largest IPO in Japan for six years. The sources declined t ...
17 hours ago
Tokyo Metro set to raise US$2.3 billion in Japan's biggest IPO in 6 years, sources say
TOKYO: Tokyo Metro is expected to raise ¥348.6 billion (US$2.3 billion) after pricing its initial public offering at the top end of its range, according to two sources familiar with the matter, in the largest IPO in Japan for six years. The company has priced the shares at 1,200 yen apiece, compare ...
17 hours ago
China is not a competitive threat to US: Federal Reserve’s Kashkari
MINNEAPOLIS Federal Reserve Bank President Neel Kashkari said on Monday he does not consider China to be an economic threat to the...
17 hours ago
Tesla Optimus bots were remotely operated at Cybercab event
TESLA used humans to remotely control some capabilities of its Optimus robot prototypes at a recent event designed to generate investor enthusiasm...
18 hours ago
Japan Inc's shareholders increasingly challenge management
TOKYO : Shareholders of Japan's largest companies are increasingly voting against management resolutions, data showed on Tuesday, spurred on by guidance on effective corporate governance and capital allocation set out by Japanese regulators.Shareholder resistance is now routinely a feature of J ...
18 hours ago
US Federal Reserve ‘should proceed with more caution’ on rate cuts: official
THE US Federal Reserve should be more careful with its pace of rate cuts than it was in September, a senior bank...
18 hours ago
EU, China face hurdles in clinching EV deal before tariffs start
TRADE negotiations between the European Union and China have been plagued by major disagreements, with planned tariffs on Chinese-made electric vehicles (EVs)...
18 hours ago
Oil falls 2% as Opec cuts oil demand growth view, China concerns
OIL prices fell 2 per cent on Monday as Opec lowered its 2024 and 2025 global oil demand growth view again while China’s oil imports fell for...
18 hours ago
Bitcoin climbs with Harris pledging regulatory framework support
BITCOIN climbed to the highest level in two weeks with Vice-President Kamala Harris pledging to support a regulatory framework for cryptocurrencies.
18 hours ago
Exclusive-Verizon bid for Frontier faces investor skepticism, sources say
NEW YORK : Some of Frontier Communications' largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications, with its second-largest investor planning to vote against the deal, three sources sources familiar with the firm's plans said. Glendon Capital M ...
20 hours ago
Middle East supply disruption potential could send oil above $100/bbl, Citi says
Citi Research on Monday raised its bull case scenario for oil prices for this quarter and the next one, citing heightened potential of the market to fear or realize supply losses during these months due to growing Middle East conflict.The bank upgraded its bull case for the fourth quarter of 2024 an ...
20 hours ago
Microsoft's VP of GenAI research to join OpenAI
Microsoft on Monday said that its vice president of GenAI research, Sebastien Bubeck, is leaving the company to join ChatGPT-maker OpenAI.It was unclear what role Bubeck would assume at the Microsoft-backed AI startup."Sebastian has decided to leave Microsoft to further his work toward developi ...
22 hours ago
Google to buy power for AI needs from small modular nuclear reactor company Kairos
WASHINGTON :Alphabet's Google said on Monday it signed the world's first corporate agreement to buy power from multiple small modular reactors to meet electricity demand for artificial intelligence. The technology company's agreement with Kairos Power aims to bring Kairos' first ...
22 hours ago
Meta's Facebook, Instagram back up for most users in US after outage, Downdetector shows
:Meta Platforms' Facebook and Instagram were largely restored for most users after an outage that impacted thousands in the U.S. on Monday, according to outage tracking website Downdetector.com.At its peak around 1:35 p.m. ET, there were more than 12,000 incidents of people reporting issues wit ...