22 hours ago
PM Lawrence Wong to host Malaysian PM Anwar for 12th Malaysia-Singapore Leaders’ Retreat
Elysia Tan - The countries will exchange agreements on health and the fight against drugs
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 hours ago
China's LandSpace fails to complete reusable rocket test
The rocket was not able to complete a controlled landing following an initial launch
23 hours ago
WLF to launch real-world asset products in January, co-founder says
DUBAI, Dec 3 : World Liberty Financial, a crypto venture backed by U.S. President Donald Trump's family, will launch its suite of real-world asset products at the beginning of the first quarter in January, co-founder Zach Witkoff announced on Wednesday during an event in Dubai.USD1, WLF's ...
23 hours ago
Insurance giant successfully sues 2 ex-staff who lured lucrative client to their future employer
Employees must act in good faith and there must be "loyalty, integrity and fair dealing" for the business environment to function, the judge said.
23 hours ago
Singapore’s Fiuu and HitPay switch on Tap to Pay for iPhone-only transactions
Nurdianah Md Nur - Merchants can now accept contactless payments using only an iPhone without additional hardware, as Singapore payment firms Fiuu and HitPay launch support for Apple's Tap to Pay technology. The integration enables businesses to process contactless credit and debit cards, Apple Pay, and digital w ...
23 hours ago
Apac retailers turn to generative AI as shopper satisfaction slumps, Zebra study finds
Nurdianah Md Nur - Retailers across Asia Pacific (Apac) are betting heavily on generative AI and automation to stem rising losses and reverse declining shopper satisfaction, according to Zebra Technologies’ 18th Annual Global Shopper Study. More than eight in 10 retail leaders in the region say generative AI will ha ...
23 hours ago
Euro hits six-week high on economic, Ukraine optimism, dollar dips
NEW YORK, Dec 3 : The euro hit a six-week high against the dollar on Wednesday, boosted by data showing an expansion in euro zone business activity, while weaker than expected U.S. jobs data and expectations of further U.S. rate cuts weighed on the dollar.Business activity in the euro zone expanded ...
23 hours ago
Euro/dollar hits 5-week high, Bitcoin rebounds as Fed outlook dominates
Dec 3 : The dollar headed for its ninth straight decline on Wednesday as traders ramped up bets on Federal Reserve rate cuts following U.S. economic data and growing expectations for a more dovish central bank.Fed Governor Christopher Waller said last week the labour market is weak enough to justify ...
23 hours ago
Dollar heads for ninth straight loss as Fed outlook dominates
Dec 3 : The dollar headed for its ninth straight decline on Wednesday as traders ramped up bets on Federal Reserve rate cuts following U.S. economic data and growing expectations of a more dovish central bank.Fed Governor Christopher Waller said last week the labour market is weak enough to justify ...
23 hours ago
Grab-GoTo merger could be ‘colossal’ for Indonesia’s fintech hopefuls, say analysts
Evan See - Merging the superapp giants could change not only the face of South-east Asia’s ride-hailing market, but also its digital lending space
23 hours ago
Large-car COE premium down almost 5% at S$123,900; most categories dip
Derryn Wong - Mainstream-car category declines 3.3%, and motorcycles by 5%
1 day ago
‘Shockingly expensive’?: Veteran hotelier Arthur Kiong peels the layers on what ails Singapore tourism
Jessie Lim - He brings his philosophy to life with the four hotels Far East Hospitality manages on Sentosa
1 day ago
Singapore tourism industry must create unique experiences to survive: veteran hotelier Arthur Kiong
Jessie Lim - He brings his philosophy to life with the four hotels Far East Hospitality manages on Sentosa
1 day ago
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates
1 day ago
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
Deon Loke - Alternatively, the claimants are seeking a refund of all storage fees paid to date, or an order for the assessment of damages
1 day ago
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter
1 day ago
Binance appoints Yi He as co-CEO
Dec 3 : Cryptocurrency exchange Binance has appointed co-founder Yi He as its co-chief executive, the company said on Wednesday alongside Richard Teng.Yi's new role alongside Teng is intended to expand Binance's global presence while building infrastructure for Web3, which refers to a vers ...
1 day ago
Foxconn subsidiary plans to expand production in Vietnam, document shows
HANOI, Dec 3 : Fushan Technology, a subsidiary of Taiwanese electronics manufacturer Foxconn, is seeking a permit to expand production in Vietnam to make Xbox gaming devices and other electronic parts, according to a company document sent to Bac Ninh province's environmental department.The comp ...
1 day ago
India's January-October iron ore imports at six-year high, JSW Steel top buyer
NEW DELHI, Dec 3 : India's iron ore imports hit a six-year high this year as steel mills stepped up overseas purchases to overcome shortages of high-grade ore and take advantage of lower global prices for the steelmaking raw material, analysts and trade officials said.Iron ore imports more than ...
1 day ago
DBS is said to hire Sarah Tsao from UBS in senior government role
Joyce Koh and Elffie Chew / Bloomberg - DBS Group Holdings Ltd. has hired Sarah Tsao from UBS Group AG in a senior role, according to people with knowledge of the matter. Tsao will join DBS to cover government-linked corporations in Singapore, encompassing state investors Temasek Holdings Pte, GIC Pte and their subsidiaries, the people sa ...
1 day ago
HSBC unexpectedly taps Nelson as chair after Tucker’s reign
Harry Wilson and Ambereen Choudhury / Bloomberg - HSBC Holdings Plc unexpectedly appointed Brendan Nelson as its next chair, replacing hard-charging financier Mark Tucker who has led Europe’s largest lender for much of the last decade. The decision “follows a robust process that considered both internal and external candidates,” the London-he ...
1 day ago
SCCCI proposes five Budget 2026 measures, including help for SMEs with costs and competitiveness
Low Youjin - Rising expenses, manpower shortages and transformation needs top the list of business challenges
1 day ago
Major Chinese banks cut high-yield deposit products to ease margin pressure
The shorter-term deposit products carry interest rates around 1.2% to 1.8%
1 day ago
Indian data center operator Sify Infinit Spaces bets on AI boom but wary of bubble
BENGALURU, Dec 3 : Sify Infinit Spaces, set to become India's first listed data center operator, sees AI driving demand for computing power but is tempering future investments to avoid over-exposure to a potential bubble, its chief executive said.The surge in artificial intelligence technologie ...
1 day ago
India cyber safety app mandate "breach of privacy", main opposition party tells parliament
Dec 3 : India's main opposition Congress party asked the upper house of parliament on Wednesday for permission to discuss issues related to the contentious cyber safety app, saying the order is a "clear breach of privacy of every smartphone/cell phone user".
1 day ago
GXS cuts about 10% of workforce in rightsizing exercise
Benjamin Cher - [SINGAPORE] Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group.
1 day ago
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early stage operations
Benjamin Cher - Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si
1 day ago
ASX outage deepens investors' doubts over tech overhaul
SYDNEY, Dec 3 : The Australian Securities Exchange's technology turnaround plan, touted by the firm's chair as being too important to fail, is facing questions from investors and market participants after it was hit by a fresh outage this week, the latest in a string of failures.About 80 c ...
1 day ago
Chinese smart glasses firms eye overseas conquest
The country is a potentially massive and lucrative market for wearable tech
1 day ago
Netflix, Warner Bros Discovery combo seen lowering costs for consumers: sources
Alphabet’s YouTube remains US’ largest streaming platform by viewership
1 day ago
Thai inflation posts eighth straight negative reading in November
BANGKOK, Dec 3 : Thailand's annual headline inflation rate was negative for an eighth month in November, data showed on Wednesday, and the Commerce Ministry said it was due to falling energy prices and government measures to alleviate the cost of living.The headline consumer price index fell 0. ...
1 day ago
Thai inflation negative again in November, industry sees floods trimming growth
BANGKOK, Dec 3 : Thailand's annual headline inflation rate was negative for an eighth month in November, driven by falling energy prices and government support measures, but the commerce ministry said on Wednesday it expected consumer prices to rise slightly next year.The headline consumer pric ...
1 day ago
Manulife Investment Management launches Singapore all-cap fund strategy under MAS’ EQDP
Chloe Lim - About 40% of its portfolio will be allocated to Singapore small and mid-cap companies
1 day ago
Manulife Investment Management allocates 40% to Singapore small, mid-caps under EQDP
Chloe Lim - It will launch a Singapore All-Cap Equity strategy that is research-driven and ‘benchmark-unconstrained’