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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20 hours ago
Asia: Markets mixed after Fed official floats rate cut delay
ASIAN investors trod carefully on Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before.
20 hours ago
Bank of Korea warns of economic hit if property slump lasts
THE Bank of Korea (BOK) warned on Thursday (Mar 28) that a further slump in the real estate sector would undermine broader economic activity, as it pointed to worsening delinquencies among developers in the latest signal of continuing woes in the credit market.
20 hours ago
Seatrium to pay $76.5 mil to Singapore authorities under deferred prosecution agreement
Felicia Tan - The Attorney-General’s Chambers (AGC) has agreed to enter into a deferred prosecution agreement (DPA) with Seatrium following the alleged corruption offences that occurred in Brazil. Under the DPA, Seatrium is required to pay a financial penalty of US$110 million. Of the total sum, the AGC has agr ...
21 hours ago
Apple’s iPhone maker sets record high as AI mania persists
SHARES of Hon Hai Precision Industry soared as artificial intelligence (AI) mania outweighs concerns over a sluggish recovery in the smartphone sector.
21 hours ago
Briefs: Baltimore bridge collapse reverberates from cars to coal; Singdollar’s stellar run seen ending
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21 hours ago
Japan's leading stocks could face near-term selling pressure, Wall Street banks say
HONG KONG : Japan's top-performing stocks are at risk of a sell-off because of overcrowded long positions in liquid and large companies, strategists from U.S. banks Morgan Stanley and JP Morgan say.Quantitative strategists at these banks, who go by statistical models for their analyses, say lon ...
21 hours ago
SGX RegCo requires large issuers to take lead to reduce AGM crunch
Anita Gabriel, Tan Boon Gin - AN ISSUER’S annual general meeting (AGM) is an event keenly anticipated by many shareholders in each calendar year.
21 hours ago
Australia to invest A$1 billion on domestic solar panel push to cut reliance on China
AUSTRALIA will invest A$1 billion (S$881 million) to ensure more solar panels are made domestically, as the nation looks to reduce its dependence on imports from China.
21 hours ago
Tokyo: Shares sink 1.1% on ex-dividend day
TOKYO stocks dropped in early trade on Thursday after investors locked in dividend rights during the previous session.
21 hours ago
Japan repeats verbal warning to yen bears, BOJ keeps dovish tone
TOKYO :Japan continued its jawboning on Thursday to stave off further yen declines, with the government's top spokesperson renewing a warning that Tokyo would not rule out any options to counter excessive currency moves.Chief Cabinet Secretary Yoshimasa Hayashi did not specify whether the optio ...
21 hours ago
Japan repeats verbal warning against yen bears, BOJ keeps dovish tone
TOKYO :Japan continued its jawboning on Thursday to stave off further yen declines with the government's top spokesperson renewing a warning that Tokyo would not rule out any options to counter excessive currency moves.Chief Cabinet Secretary Yoshimasa Hayashi did not specify whether the option ...
21 hours ago
Japan won't rule out any options on currency moves, says government spokesman
TOKYO : Japan's top government spokesman said on Thursday the administration would not rule out any options to counter against excessive currency moves.The government is watching currency moves with a high sense of urgency, Chief Cabinet Secretary Yoshimasa Hayashi told reporters, after the yen ...
21 hours ago
Crypto fraudster Bankman-Fried faces sentencing
NEW YORK: Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced on Thursday (Mar 28) following his conviction in one of the biggest financial fraud cases in history.
21 hours ago
Keys to fortifying data resilience (Part 1)
Nurdianah Md Nur - In today’s data-driven landscape and with the increasing risk of cyber attacks, robust data backup is essential for organisations to safeguard their operations. A February report by cybersecurity firm Group-IB shows that ransomware attacks in Asia Pacific (Apac) increased 39% y-o-y. Robust data ba ...
22 hours ago
Gold slips as US dollar, bond yields firm after Fed official comment
GOLD prices eased on Thursday (Mar 28) as the US dollar and bond yields ticked higher after comments from a Federal Reserve official on interest rate cuts, while investors looked forward to more economic data for policy clues.
22 hours ago
Automakers face ‘daunting’ task to meet 2032 EV rules, industry says
AUTOMAKERS face “daunting” government regulations to sell half of new vehicles by 2030 as electric or plug-in hybrids despite a United States decision to soften the final rules over its initial, tougher proposal, a top industry official said on Wednesday (Mar 27).
22 hours ago
Former Sembcorp Marine CEO charged for bribery in Brazil
Felicia Tan - Two former Sembcorp Marine employees were charged on Thursday for bribing officials in Brazil with the alleged offences taking place between 2009 and 2014, with a total of US$44 million paid. According to the Attorney-General's Chambers (AGC) and Corrupt Practices Investigation Bureau (CPIB), t ...
22 hours ago
Singapore shares muted at Thursday’s open; STI up 0.03%
Vivienne Tay - SINGAPORE shares entered Thursday’s (Mar 28) morning session barely moved, as gains from travel and hospitality-related index counters clashed with a weaker showing from banks.
22 hours ago
Two individuals related to Seatrium charged with corruption offences involving bribes in Brazil
Tan Nai Lun - TWO individuals related to Seatrium, formerly Sembcorp Marine, have been charged with corruption offences involving the payment of bribes for the benefit of persons in Brazil.
22 hours ago
Seatrium’s two former executives, including CEO, charged with bribery involving more than S$20 million in Brazil
Uma Devi, Tan Nai Lun - TWO former executives, including a top executive of offshore and marine (O&M) giant Seatrium (previously known as Sembcorp Marine), were charged with corruption offences on Thursday (Mar 28) for paying bribes of more than S$20 million to further the company’s business interests in Brazil.
22 hours ago
Xiaomi stakes growth on debut in China's cut-throat EV market
Bloomberg -   Xiaomi Corp’s US$8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market. It will start selling its SU7 series in China, the result of a US$10 billion foray ...
22 hours ago
The rich, the richer and the super-rich of South-east Asia
Goh Ruoxue - OVER the past two months, The Business Times’ regional team produced a weekly series of stories that placed the spotlight on the wealthiest people in South-east Asia.
23 hours ago
Bank of Japan board divided on economy’s strength upon stimulus exit, March summary shows
BANK of Japan policymakers were divided on whether the economy was strong enough to weather an exit from ultra-loose monetary policy, a summary of opinions at the bank’s March meeting showed, suggesting the next interest rate hike may take time.
23 hours ago
ESR-Logos Reit secures S$200 million sustainability-linked credit facility
Benicia Tan - ESR-Logos Real Estate Investment Trust (Reit) has obtained its first sustainability-linked loan worth S$200 million.
23 hours ago
ESR-Logos Reit secures S$200m sustainability-linked credit facility
Benicia Tan - ESR-Logos Real Estate Investment Trust (Reit) has obtained its first sustainability-linked loan worth S$200 million.
23 hours ago
Dollar firm after Fed comments; yen under close watch
TOKYO : The U.S. dollar received a boost against major currency peers on Thursday, as a Federal Reserve official said he wasn't in a hurry to cut rates amid sticky inflation, and as traders braced for key economic data.Meanwhile, although still not far from the 152 mark, the yen was holding its ...
23 hours ago
Oil prices advance as investors reassess US inventories data
TOKYO : Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34 per cent, at $86.38 a barrel while t ...
23 hours ago
Local unicorn Patsnap says it is 'self-sustainable' without having to touch the US$300 mil raised
Nicole Lim -
23 hours ago
BOJ board divided on economy's strength upon stimulus exit, March summary shows
TOKYO : Bank of Japan policymakers were divided on whether the economy was strong enough to weather an exit from ultra-loose monetary policy, a summary of opinions at the bank's March meeting showed, suggesting the next interest rate hike may take time.The BOJ ended eight years of negative inte ...
23 hours ago
S Korea market watchdog vows to further develop corporate reform plan
SEOUL : South Korea's financial market watchdog chief pledged on Thursday authorities would come up with more corporate reforms, adding to a plan unveiled last month designed to lure more foreign investment into the country's companies."As we work to contribute to the economy by foste ...
23 hours ago
Xiaomi stakes growth on debut in China’s cut-throat EV market
XIAOMI’S US$8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle on Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market.
24 hours ago
Stocks to watch: Second Chance Properties, ESR-Logos Reit, Banyan Tree
Michelle Zhu - THE following companies saw new developments that may affect trading of their securities on Thursday (Mar 28):
1 day ago
Automakers face 'daunting' task to meet 2032 EV rules, industry says
NEW YORK : Automakers face "daunting" government regulations to sell half of new vehicles by 2030 as electric or plug-in hybrids despite a U.S. decision to soften the final rules over its initial, tougher proposal, a top industry official said on Wednesday.Under all compliance scenarios, a ...
1 day ago
Chanel flap bag now costs more than 10,000 euros in Paris
A CLASSIC medium-sized Chanel flap bag has broken through the 10,000 euros (S$14,581) barrier for the first time in Paris.






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