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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2 days ago
ICAEW economic report: Singapore’s trade-weighted economy will likely remain subdued
Douglas Toh - The electronics sector continues to lead Southeast Asia’s (SEA) exports, extending its lead among other economic sectors in the first quarter. The recovery in global semiconductor sales, which saw a 15.3% y-o-y increase in the quarter, particularly benefited Vietnam, pushing its export numbers to ...
2 days ago
Singapore shares edge up at Friday’s open; STI up 0.2%
Chong Xin Wei - SINGAPORE equities began trading in positive territory on Friday (Jun 21), mirroring overnight gains in Europe.
2 days ago
South Korea expands currency swap with pension fund as won tumbles
SEOUL: South Korea's foreign exchange authorities on Friday (Jun 21) said they agreed with the National Pension Service to expand a currency swap line to US$50 billion from the current US$35 billion to defend the tumbling won against the dollar. "The foreign exchange authorities believe th ...
2 days ago
DBS keeps 'buy' on Paragon REIT following divestment of Rail Mall
The Edge Singapore - DBS Group Research has kept its "buy" call and $1.05 target price on Paragon REIT following its divestment of The Rail Mall, the smallest asset within its portfolio. The sale, understood to be to a "private investor", will be made at $78.5 million, which is 27% above valuation of ...
2 days ago
US finds no currency manipulation in 2023, Japan added to monitoring list
THE US Treasury on Thursday said no major trading partner appeared to manipulate its currency last year, but it added Japan to a foreign exchange “monitoring list”, alongside China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list.
2 days ago
SingPost appoints Merrill Lynch to "formulate options" for Australia business
SingPost has appointed Merrill Lynch to help "formulate optionalities" for its growing business portfolio in Australia. The company, which derives a growing proportion of its revenue from Australia and no longer from domestic mail, is doing this as part of its overall strategic review &quo ...
2 days ago
Brazil judge closes coordination probe into Google, Telegram 
BRASILIA : A judge on Brazil's top court decided on Thursday to close an investigation into Alphabet's Google and Telegram for allegedly coordinating their opposition to a bill aimed at cracking down on fake news.The bill, which is still pending, would require that internet companies' ...
2 days ago
Oil prices slip as rate hike worries come into focus
Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower.Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude was d ...
2 days ago
Oil prices set for second week of gains on signs demand improving
:Crude oil futures were little changed on Friday but were set to rise for a second week amid signs of improving demand and falling oil and fuel inventories in the U.S., the world's biggest oil consumer.Brent futures for August settlement dipped 15 cents to $85.56 a barrel by 0356 GMT after risi ...
2 days ago
Japan's June factory activity eases as costs rise, PMI shows
TOKYO : Japan's factory activity expanded for a second straight month in June but the pace of growth eased as orders weakened and cost pressures intensified, a business survey showed on Friday.The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) stood at 50.1 in Jun ...
2 days ago
American Airlines’ flight attendants prepare to strike
A UNION representing flight attendants for American Airlines Group said on Thursday they are preparing to strike after contract negotiations with the carrier failed to produce an agreement this week.
2 days ago
SingPost appoints financial adviser for strategic review of Australia business
Hykel Quek - SINGAPORE Post (SingPost) announced on Friday (Jun 21) that it appointed Merrill Lynch Markets Australia the day prior as a financial adviser to its board.
2 days ago
SingPost appoints financial advisor for strategic review of Australia businesses
Hykel Quek - SINGAPORE Post (SingPost) announced on Friday (Jun 21) that it appointed Merrill Lynch Markets Australia the day prior as a financial adviser to its board.
2 days ago
Stocks to watch: Keppel Reit, Paragon Reit, SingPost
Chong Xin Wei - THE following companies saw new developments that may affect trading of their securities on Friday (Jun 21):
2 days ago
Yen’s six-day slump highlights risk of Japan intervention
THE yen capped its longest losing streak since March and closed at a 34-year low, ramping up the risk that Japanese officials will once again step in to prop up the currency.
2 days ago
Singtel among key telco players in SEA that can expand revenue streams through data centres: Bloomberg Intelligence
Felicia Tan - Data centres have been experiencing a surge in demand with the rapid rise of artificial intelligence (AI) and enterprises moving to digitalisation, says Bloomberg Intelligence analyst Chris Muckensturm. “Southeast Asia (SEA) presents opportunities for data centre investments… [We] essentially ex ...
2 days ago
Pieces are joined as potential regional data centre giant marks out turf
Samantha Chiew - If data is the new oil as the fancy quip goes, data centres (DCs) are the new goldmines. Pieces have been put in place for the potential creation of a global DC player ultimately backed by Temasek Holdings, as the multiple players race to pan their gold by meeting the surging demand for computing ca ...
2 days ago
US DOJ drops claims that TikTok misled US consumers in lawsuit, Bloomberg News reports
The U.S. Department of Justice will not pursue allegations that TikTok misled U.S. consumers about their data security in a forthcoming suit accusing the company of children's privacy violations, Bloomberg News reported on Thursday. The DOJ is preparing to file a consumer protection lawsuit aga ...
2 days ago
Oil prices rise on US crude draw; jobs data feeds rate cut hopes
OIL futures climbed on Thursday after the US Energy Information Administration (EIA) reported a draw on crude oil and data showing a cooling jobs market that stoked hopes the Federal Reserve could cut interest rates soon.
2 days ago
Europe: Shares rise after Swiss rate cut, Bank of England decision
EUROPEAN shares advanced on Thursday with broad-based gains as markets tracked a global upbeat sentiment, while shares of British, Swiss and Norwegian stocks were in focus after their respective central bank decisions.
2 days ago
US: Nvidia suffers rare retreat as Nasdaq streak ends
THE torrid rally in Nvidia and other artificial intelligence-linked equities took a pause on Thursday, leaving the tech-centered Nasdaq lower following seven straight records.
2 days ago
German battery maker Varta cuts 2024 revenue forecast
German battery maker Varta AG on Thursday said it would cut its full-year revenue forecast for 2024 due to the declining demand in the energy storage market.The German firm now expects revenue in the range of 820 million euros ($877.56 million) and 870 million euros, compared with the previous forec ...
2 days ago
Commentary: Nvidia CEO Jensen Huang's new rockstar status is long overdue
Jensen Huang, the Taiwan-born founder of semiconductor giant Nvidia, brings a quiet determination to a Silicon Valley known for hype and bluster, says IMD Business School’s Howard Yu.
2 days ago
UnitedHealth issues breach notification on Change Healthcare hack
NEW YORK : UnitedHealth Group issued a public notice about the February ransomware hack on its Change Healthcare unit on Thursday as part of its requirements to notify the estimated one-third of the country whose private data may have been exposed in the attack.UnitedHealth said it expects to begin ...
2 days ago
Toyota suspends deliveries of Grand Highlander, Lexus TX SUVs over air bag issue
Toyota Motor said on Thursday it has suspended production and delivery of the Grand Highlander and Lexus TX sport utility vehicles until it can address an air bag issue.The automaker said earlier that it was recalling 145,000 2024 Toyota Grand Highlander and Lexus TX vehicles in the United States be ...
2 days ago
Exclusive-Boyd Gaming makes acquisition approach to Penn Entertainment, sources say
NEW YORK : U.S. casino operator Boyd Gaming has approached Penn Entertainment to express interest in acquiring its peer that has a market value of more than $9 billion, including debt, according to people familiar with the matter.Penn's shares jumped 8 per cent on Thursday afternoon in New York ...
2 days ago
CDK's cyber outage hits US auto dealers for second day in a row
A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said on Thursday. "The CDK outage is impacting automotive dealerships across the U.S. and Canada, including ...
2 days ago
CDK cyber outage hits US auto dealers second day in a row
:A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said. "The CDK outage is impacting automotive dealerships across the U.S. and Canada, including a portion ...
2 days ago
US CFTC probing Jump Trading's involvement in crypto, Fortune reports
The U.S. Commodity Futures Trading Commission (CFTC) is probing Jump Trading's involvement in the cryptocurrency space, Fortune reported on Thursday, citing a person familiar with the matter.The investigation is not evidence of wrongdoing, and it could not be learned if the regulator is conside ...
2 days ago
Oracle to invest over $1 billion on AI, cloud computing in Spain
Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country.The investment will be used to set up a new cloud region that will allow customers to move ...
2 days ago
Coinbase launches $2 million ad campaign targeting Latino voters in US
NEW YORK :Coinbase launched on Thursday a $2 million ad campaign targeted toward Latino voters and consumers, the company told Reuters, as the crypto industry makes moves this U.S. election cycle to put friendly lawmakers into office.The ad campaign comes on top of tens of millions of dollars the cr ...
2 days ago
Coinbase launches $2 million ad targeting Latino voters in US
NEW YORK : Coinbase launched on Thursday a $2 million ad campaign targeted toward Latino voters, the company told Reuters, as the crypto industry makes moves this U.S. election cycle to put friendly lawmakers into office.The ad campaign comes on top of tens of millions of dollars the crypto industry ...
2 days ago
Nestle, Coke take cautious approach to catering to Ozempic users
NESTLE’S new food brand for people taking weight-loss drugs like Wegovy will note that the meals are high in protein, fibre and nutrients, but will not name the blockbuster medications, a company executive told Reuters.
2 days ago
LatAm fintechs quadruple in past 6 years, with more room to grow
SANTIAGO : The number of financial technology startups, known as "fintechs," has more than quadrupled in the past six years in Latin America, a report showed on Thursday, with one expert pointing to more room to grow in the region. The region's fintechs went from 703 in 2017 to 3,069 ...






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