3 days ago
UOBKH rates top pick DBS a ‘buy’ on 5.6% yield
Shikhar Gupta - It also upgrades the overall banking sector to ‘overweight’ and keeps its ‘buy’ call for OCBC
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
UOBKH upgrades top pick DBS to ‘buy’ on 5.6% yield
Shikhar Gupta - It also upgrades the overall banking sector to ‘overweight’ and has a continued ‘buy’ call for OCBC
3 days ago
AI’s power problem is being overthought, says Microsoft’s VP for energy
Nurdianah Md Nur - Concerns over artificial intelligence’s energy appetite are pushing some ideas to extremes. Some engineers, including those at Google, are planning for or testing solar-powered computing infrastructure in orbit. While the idea draws attention, it sidesteps more immediate constraints. For Bobby Hol ...
3 days ago
The China choice
Daryl Guppy - America’s New Year’s gift to the world is unprecedented instability, with the potential collapse of the global rules-based order. The impact on trade security cannot be underestimated or ignored. How China chooses to respond will shape global supply chains, business with and within China and the ...
3 days ago
Cathay Pacific seeks savings, cuts some jobs in efficiency push
The airline has said that it plans to hire 3,000 people this year, pushing headcount beyond the 34,000 at the end of...
3 days ago
JP Morgan downgrades OCBC to 'neutral' with positives priced in
The Edge Singapore - Oversea-Chinese Banking Corporation (OCBC) (SGX: O39 ) shares dipped slightly this morning after JP Morgan downgraded its call from "overweight" to "neutral", as the various positives driving the gain of nearly 20% in the past 6 months have been priced in. As at 9.39 am, OCBC sha ...
3 days ago
Investing in Singapore’s energy transition
Lin Daoyi - Energy is “fundamental” to powering the nation’s economy, the Energy Market Authority (EMA), Singapore’s energy regulator, says. It keeps households running day to day and underpins business and industrial activity. In a 2023 report, the International Energy Agency (IEA) found that total ene ...
3 days ago
Goldilocks economy is the right diet for banks
The Edge Singapore - A so-called “Goldilocks economy”, where steady growth is accompanied by low inflation, will help generate “sustainable” and sustained economic expansion in the US. Two rate cuts are expected by the end of June, with none in the second half of the year. In addition, the much-feared disruption ...
3 days ago
Keppel REIT’s acquisition of MBFC stake ‘strategic’ but target prices cut on near-term dilution
Kwan Wei Kevin Tan - Keppel REIT’s acquisition of an additional one-third stake in Marina Bay Financial Centre (MBFC) Tower 3 will help it strengthen its asset base with a quality property in Singapore and deliver gains over time. However, several analysts, concerned about near-term dilution to both its distribution p ...
3 days ago
STI top performer CDL wins more bullish calls as asset monetisation gains pace
The Edge Singapore - City Developments’ (CDL) share price has gained around two-thirds in the past 12 months, making it one of the top-performing large caps in 2025. If analysts are right, the property and hospitality giant has more room to go. Citing the faster pace of asset monetisation, which reached approximately ...
3 days ago
CK Hutchison taps Goldman Sachs, UBS for AS Watson IPO, Bloomberg News reports
Jan 9 : Hong Kong-based CK Hutchison has picked Goldman Sachs and UBS Group AG to work on the planned initial public offering of its unit A.S. Watson Group, Bloomberg News reported on Friday, citing people familiar with the matter.The ports-to-telecoms conglomerate is working with the banks ...
3 days ago
Broker's Digest: Raffles Medical Group, iFast, Lendlease REIT
The Edge Singapore - Raffles Medical Group Price target: CGS International ‘add’ $1.23 Sentiment to improve CGS International is reiterating its “add” recommendation on Raffles Medical Group (RMG) with a higher target price of $1.23 from $1.20 previously, on the back of stronger y-o-y earnings in 2HFY2025, conti ...
3 days ago
CK Hutchison is said to pick Goldman Sachs, UBS for Hong Kong-London IPO of Watson Group
Temasek Holdings owns about 25% of the company
3 days ago
Musk's xAI posts net quarterly loss of $1.46 billion, Bloomberg News reports
Jan 8 : Elon Musk’s artificial intelligence startup xAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, Bloomberg News reported on Thursday, citing internal documents. Reuters could not immediately verify th ...
3 days ago
Musk's xAI quarterly net loss widens to $1.46 billion, Bloomberg News reports
Jan 8 : Elon Musk's artificial intelligence startup xAI reported a net loss of $1.46 billion for the September quarter, compared with a loss of $1 billion in the previous three months, Bloomberg News reported on Thursday, citing internal documents.Revenue nearly doubled sequentially to ...
3 days ago
Stocks to watch: China Aviation Oil, Geo Energy
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jan 9):
3 days ago
Mapletree Investments’ Silver Jubilee: Growing with each cycle
Jovi Ho - Mapletree Investments’ structure has allowed the real estate group to make long-term decisions in the best interests of investors, says veteran CEO Hiew Yoon Khong Market chatter often begins as an investor’s wish, emboldened by an analyst’s calculations. One such dream — a merger of Singapo ...
3 days ago
Trump lays out a vision of power restrained only by ‘my own morality’
The president’s insistence that Greenland must become part of the US was a prime example of his worldview
3 days ago
Japan household spending unexpectedly picks up, signals steady consumption recovery
TOKYO, Jan 9 : Japanese annual household spending unexpectedly grew in November, government data showed on Friday, rebounding from a sharp decline in October and aligning with a gradual recovery in private consumption. Consumer spending rose 2.9 per cent year-on-year, internal affairs ministry data ...
3 days ago
Japan November household spending unexpectedly rises, up 2.9% year/year
TOKYO, Jan 9 : Japanese household spending unexpectedly grew in November from the year-earlier month, government data showed on Friday, rebounding from a sharp decline in October. Consumer spending rose 2.9 per cent, internal affairs ministry data showed, far better than the median market ...
3 days ago
Chinese firms dominated global humanoid robot shipments in 2025
The industry’s global sales more than quintupled from 2024, according to Omdia’s figures
3 days ago
GM to take US$6 billion writedown on EV pullback
GM’s EV sales dropped 43 per cent in the fourth quarter after the loss of the consumer tax credit
3 days ago
London player Colt targets data centre migration to expand Singapore market share
Young Zhan Heng - It views global connectivity as its competitive advantage, and identifies opportunities in SGX data centre migration
3 days ago
Mapletree Investments shoots for high sustainable returns, eyes more acquisitions and development activity
Jessie Lim - The property giant achieved an average 10.9% return on invested equity in the last decade, and aims for between 9% and 12%...
3 days ago
Teachers, AI roles among Singapore’s fastest-growing jobs in 2026: LinkedIn
Therese Soh - Technical and strategic roles alongside those requiring human judgement and connection are on the rise
3 days ago
Blackstone eyes US$2.6 billion of debt to finance power merger
Electricity demand is soaring globally as the data centres needed for Big Tech’s artificial intelligence objectives put pressure on power grids
3 days ago
Panama says it cancelled flag of US-seized oil tanker a year ago
[PANAMA CITY] Panama’s maritime authority on Thursday said it had cancelled in January of last year the flag of the M Sophia,...
3 days ago
Big Tech spared strict rules in EU digital regulations overhaul, sources say
The tech giants will be subject only to a voluntary framework rather than binding rules
3 days ago
China’s Anta Sports has offered to buy Pinault family’s 29% Puma stake: sources
The Hong Kong-listed company has a track record of acquiring and revamping Western sports and lifestyle brands
3 days ago
Oil settles up 3% on Venezuela news, supply worries in Russia, Iraq and Iran
[NEW YORK] Oil prices climbed over 3 per cent on Thursday after two straight days of declines, settling at a two-week high as...
3 days ago
Trading Day: Defense over tech, payrolls next
3 days ago
Glencore and Rio Tinto in talks to form world’s biggest miner
Both companies own some of the best copper mines in the world
3 days ago
Glencore and Rio in talks to form world’s biggest miner
Both companies own some of the best copper mines in the world
3 days ago
Hiring, but cautiously: Targeted recruitment, more contract roles expected in 2026
Jobseekers are advised not to be discouraged by "unrealistic" job ads and to focus on soft skills alongside in-demand digital competencies.