2 days ago
Australian, NZ dollars hit two-month trough as global outlook darkens
[SYDNEY] The Australian and New Zealand dollars were pinned near two-month lows on Friday as fears of a lengthy energy shock from...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
China, Japan and India drive long-term gold prices, says WGC's Tait
Ravinyaa Ravimalar and Kuek Ser Kwang Zhe - David Tait shut down Credit Suisse’s gold trading business when he was its global head of macro products group in 2014. Never did he think he would take the helm of the World Gold Council (WGC) as CEO five years later and become a proponent of gold as a strategic investment asset on the back of in ...
2 days ago
Cyclone triggers outages at major Australian LNG plants
The two affected gas plants collectively supply more than five per cent of the world's liquefied natural gas, according to Chevron figures.
2 days ago
Chocolate shrinkflation: Upstream, midstream or downstream, who can better pass on costs to their customers?
Lin Daoyi - From 2023 onwards, if consumers think that their favourite chocolate treat has shrunk and become more costly, they may not be wrong. The International Cacao Organisation (ICCO) noted in its August 2023 report the possibility of “chocolate shrinkflation”. Shrinkflation is the phenomenon in which ...
2 days ago
US judge blocks Pentagon's Anthropic blacklisting for now
March 26 : A U.S. judge on Thursday temporarily blocked the Pentagon's blacklisting of Anthropic, the latest turn in the Claude maker's high-stakes fight with the military over AI safety on the battlefield. Anthropic's lawsuit in California federal court alleges that Defense Secretary ...
2 days ago
Dollar rides haven demand as Middle East talks ring hollow
HONG KONG, March 27 : The dollar pushed higher toward multi-month peaks on Friday as investors sought safety in the shadow of an intensifying Middle East war and mounting doubts over any path to de-escalation. Markets were on edge following another rollercoaster week as U.S. President Donald Trump a ...
2 days ago
Dollar cashes in on safe-haven demand, set for best month since July
LONDON, March 27 : The dollar headed for its strongest monthly gain in almost a year on Friday, driven by investors seeking safety as the Middle East war intensifies and hopes of de-escalation fade.Markets were on edge after another volatile week as U.S. President Donald Trump again extended a deadl ...
2 days ago
Keppel shares fall as much as 4.6% on M1-Simba deal delay
Shikhar Gupta - The counter falls as low as S$11.70 in early trading
2 days ago
China’s top chipmaker has supplied chipmaking tech to Iran military, US officials say
The Chinese government maintains that it carries out normal commercial trade with Teheran
2 days ago
Grab’s long-term story intact amid ongoing merger deal, AI push and robotaxi rollout
Khairani Afifi Noordin - Following its first full-year profitability since its 2021 stock market debut, analysts remain positive on Grab, citing sustainable revenue growth. This is amid the company’s acquisition of Delivery Hero’s foodpanda operations in Taiwan, its focus on AI utilisation, the acquisition of the invest ...
2 days ago
Oil prices fall as Trump pauses attacks on Iranian energy plants
PERTH, March 27 : Oil prices fell in early trade on Friday and were down over a volatile week after U.S. President Donald Trump said talks with Iran to end the war were going "very well" and announced he would pause attacks on the country's energy plants for 10 days. Brent futures fel ...
2 days ago
Oil rises but heads for first weekly decline since Iran war began
LONDON, March 27 : Oil prices rose on Friday but were on track for their first weekly decline since February 9 as U.S. President Donald Trump extended a pause in attacks on Iran's energy plants, though investors remain cagey about prospects for ceasefire in the month-old war.Brent crude futures ...
2 days ago
Oil up 2.5% but set for first weekly decline since start of Iran war
LONDON, March 27 : Oil prices rose on Friday but were set for their first weekly decline since February 9 as U.S. President Donald Trump extended a pause in attacks on Iran's energy plants, though investors remain cagey about prospects for ceasefire in the month-old war.Brent crude futures rose ...
2 days ago
Oil up nearly 3% but set for first weekly decline since start of Iran war
LONDON, March 27 : Oil prices rose on Friday but were set for their first weekly decline since February 9 as U.S. President Donald Trump extended a pause in attacks on Iran's energy plants, though investors remain cagey about prospects for ceasefire in the month-old war.Brent crude futures rose ...
2 days ago
Trade war reveals HPH Trust’s resilience; Shenzhen port terminals to help drive growth
The Edge Singapore - Hutchison Port Holdings Trust (HPH Trust), which owns container terminals in Shenzhen and Hong Kong, has maintained a resilient profile even as the US-initiated trade war has changed shipping patterns. At present, with the growing importance of Shenzhen as one of China’s key ports, Gilbert Lopez a ...
2 days ago
Aoxin Q&M proposes 150 million yuan acquisition to expand into central China
Deon Loke - It has signed a non-binding memorandum of understanding to acquire a dental group there
2 days ago
Japan finance minister warns of oil-driven FX speculation, vows decisive action
TOKYO, March 27 : Japanese Finance Minister Satsuki Katayama said on Friday that the government was ready to take decisive steps on foreign exchange, warning against speculative trading linked to oil markets."We are seeing speculative moves (in the currency market), particularly those being dri ...
2 days ago
Broker's Digest: LHN, Addvalue, Manulife US REIT, Frencken, Nam Cheong, TeleChoice, CLCT, Singtel
The Edge Singapore - LHNPrice target: UOB Kay Hian ‘buy’ 71 cents
2 days ago
Trump signature to appear on US currency, the first for a sitting US president
The first US$100 bills with Trump’s signature and that of US Treasury Secretary Scott Bessent will be printed in June
2 days ago
Trump signature to appear on US currency, ending 165-year tradition
The first US$100 bills with Trump’s signature and that of US Treasury Secretary Scott Bessent will be printed in June
2 days ago
Stocks to watch: Keppel, Shangri-La Asia, GuocoLand, Aoxin Q&M Dental Group
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 27):
2 days ago
Stocks to watch: Keppel, Shangri-La Asia, GuocoLand
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 27):
2 days ago
US Fed’s Jefferson: sustained higher energy prices could worsen inflation, spending outlook
FEDERAL Reserve Vice Chair Philip Jefferson on Thursday said he is keeping a watchful eye on higher energy prices, which, if sustained,...
2 days ago
From beer to cosmetics, Asia feels full force of war-fuelled energy crisis
Asia relies more heavily on crude oil, gas, fuel and fertiliser from the Middle East than other parts of the world
2 days ago
Nasdaq confirms correction, bond prices fall as Iran crisis pushes oil to $108
NEW YORK/LONDON, March 26 : Stock indexes fell sharply on Thursday, with the Nasdaq dropping more than 2 per cent to confirm a correction, and Brent oil jumped to more than $105 a barrel as hopes diminished for a quick resolution to the nearly one-month-old Middle East war.U.S. President Donald T ...
2 days ago
Apple gives iPhone designers rare bonuses to fight AI firm poaching
Employees see the pay bumps as a direct response to a recent uptick in recruiting from startups
2 days ago
Union Square Residences promises prestige and practicality in prime District 1 address
City & Country - In a few years, a world-class enclave in the prime District 1 will welcome residents and professionals to an exciting mixed-use development — one that promises a new way to live, work and play in one of Singapore’s most-coveted districts. Located in the heart of the charming Singapore River prec ...
2 days ago
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Evan See - As airlines shun the Gulf region, key airports in South-east Asia could also capture more transit traffic, say analysts
2 days ago
Aoxin Q&M Dental Group to acquire dental group in China for RMB150 mil
The Edge Singapore - Aoxin Q&M Dental Group plans to acquire a China-based dental group for RMB150 million, as part of its parent company Q&M Dental Group's expansion spree via acquisitions. The target, which is not named, operates around 30 clinics in central region, manned by 80 dentists. Aoxin is current ...
2 days ago
US Fed’s Miran lays out path to shrink central bank balance sheet further
A smaller balance sheet would also allow for interest rates to be lower, he argued
2 days ago
Bessent says Hormuz ships insurance programme to start soon
The Trump administration has already taken action to blunt prices and address some concerns about oil supply
2 days ago
Meta shares drop on fears US verdicts open door to deluge of lawsuits
Its shares were trading near 10-month lows
2 days ago
OpenAI's US ad pilot exceeds $100 million in annualized revenue in six weeks
March 26 : OpenAI's ChatGPT ads pilot in the United States has crossed the $100 million annualized revenue mark within six weeks of launch, a company spokesperson said on Thursday, pointing to robust early demand for the AI startup's nascent advertising business.Sam Altman-led OpenAI had s ...
2 days ago
US stocks: Wall Street slumps as Middle East uncertainty spooks investors
WALL Street’s main indexes fell sharply on Thursday and the Nasdaq confirmed a correction as investors worried about escalation in the US-Israeli...