1 day ago
Temasek-owned Pavilion Capital, Seviora to establish asset management group in Asia
Chloe Lim - Seviora CEO Gabriel Lim will take charge of the platform while Pavilion Capital CEO Tow Heng Tan will support the integration until...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
[SINGAPORE] Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia.
1 day ago
A fitting swansong for long-serving chief Hiew: help list Mapletree or merge it with CapitaLand
Leslie Yee - Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it
1 day ago
Uber, WeRide launch driverless robotaxis in Abu Dhabi
Uber Technologies rolled out driverless robotaxis in Abu Dhabi in partnership with Chinese autonomous-driving firm WeRide on Wednesday, following the tie-up they announced last year.Uber said Abu Dhabi is the first city outside the U.S. to host fully driverless operations on its platform. Passengers ...
1 day ago
SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet
Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut
1 day ago
Japan's Nikkei surges after Wall Street's gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall...
1 day ago
Italy broadens antitrust probe into Meta over AI tools in WhatsApp
MILAN :Italy's antitrust authority said on Wednesday it had broadened the scope of its investigation into Meta Platforms over allegations the company abused its dominant position through the use of its artificial intelligence tools on messaging service WhatsApp.The authority said the new WhatsA ...
1 day ago
Italy competition watchdog broadens probe into Meta over AI tools in WhatsApp
MILAN :Italy's antitrust authority said on Wednesday it has broadened the scope of its investigation into Meta Platforms over allegations the company abused its dominant position through the use of its artificial intelligence tool on messaging service WhatsApp.The Authority has also opened a pr ...
1 day ago
Italy antitrust watchdog may curb Meta as WhatsApp AI probe widens
MILAN :Italy’s antitrust watchdog said it may impose interim measures on Meta as it widened a probe into whether the U.S. tech giant abused its dominance by blocking rival AI chatbots from its messaging service WhatsApp.The case underscores growing regulatory scrutiny of Big Tech’s push into ge ...
1 day ago
Security tangles raise the stakes for Thailand’s US tariff push
The US has temporarily halted trade talks with the kingdom, after Bangkok suspends Thai-Cambodia peace process
1 day ago
Malaysia’s data centre hub tightens approvals on water worries
Authorities seek to curb heavy water use that’s straining local supplies
1 day ago
Surgical tech firm UltraGreen.ai files for US$377.1 million IPO on SGX mainboard
Benjamin Cher - It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore
1 day ago
Surgical tech firm UltraGreen.ai files for US$400 million IPO on SGX mainboard
Benjamin Cher - It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore
1 day ago
Surgical tech firm UltraGreen.ai files for US$150 million IPO on SGX mainboard
Benjamin Cher - It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore
1 day ago
Nvidia, Johnson & Johnson and LVMH among top future-ready companies: Study
More than 110 companies in the technology, pharmaceutical and fashion industries were ranked on how prepared they are for the future.
1 day ago
Tesla CEO Musk says Austin robotaxi fleet to double next month
Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June."The Tesla Robotaxi fleet in Austin should roughly double next month," Musk said in a post on X, whi ...
1 day ago
Ultragreen.ai launches IPO at US$1.45 each, aims to raise US$400 million in gross proceeds
Teo Zheng Long - Ultragreen.ai has launched its initial public offering (IPO) at US$1.45 per share, aimed to raise gross proceeds of US$400 million. 5.86 million shares will be available in the public tranche and another 106.2 million shares will be available to investors outside the United States, including institu ...
1 day ago
IP rider changes: Yet another stab at dampening claims and improving insurers’ results
Genevieve Cua - For policyholders, this means less coverage of a hospital bill, though rider premiums are expected to be 30% lower
1 day ago
‘Don’t be Fomo’, wait for clarity on revised premiums before renewing IP riders: advisers
Renald Yeo - Under the revised rules, premiums for new riders are expected to fall by about 30%
1 day ago
Powering Asean’s AI ambitions
Paul Churchill - Southeast Asia’s digital transformation is accelerating at unprecedented speed. Governments and businesses are embracing artificial intelligence (AI), cloud computing and digital inclusion to boost competitiveness and create opportunities across the region. AI alone could contribute between 10% an ...
1 day ago
New IP rider rules: what stays, what goes, and how it affects you
Renald Yeo - MOH hopes removing riders that fully cover the deductible will maintain ‘cost discipline’ and reduce unnecessary admissions, tests or overnight stays
1 day ago
MOH scraps full-deductible IP riders to tame rising private healthcare bills
Renald Yeo - The co-payment cap, which applies after the deductible, will also double to S$6,000
1 day ago
China likely to bid on building new Panama Canal ports
The Panama Canal Authority plans to award contracts for the two terminals in late 2026 and begin operations in 2029
1 day ago
Shopee, Vietnam’s iDEA launch initiative to help small businesses go regional
Deon Loke - The two-year initiative aims to accelerate digital transformation for Vietnamese businesses
1 day ago
South Korea finance chief vows FX stability, but offers no near-term measures
SEJONG, South Korea :South Korea's Finance Minister vowed on Wednesday to stabilise a weak won, but stopped short of introducing specific policy measures to address the situation, amid growing worries about the persistent weakness of the currency. Minister Koo Yun-cheol told a rare press confer ...
1 day ago
Singapore’s October factory output records highest jump in 15 years, up 29.1% on pharma surge
Sharon See - This surprised private-sector economists who had expected a 6.7% growth, based on a poll
1 day ago
Singapore factory output jumps 29.1% in October boosted by pharma surge
Sharon See - Excluding the typically volatile biomedical manufacturing, industrial production expanded 15.8% year on year
1 day ago
China buys at least 10 US soybean cargoes in new deals after Trump-Xi call: sources
[BEIJING] China bought at least 10 cargoes of US soybeans worth around US$300 million in contracts signed since Tuesday, two traders with...
1 day ago
URA releases Dairy Farm, Tanjong Rhu, Dover housing sites for sale
Therese Soh - They form part of the 4,725 residential units that will be released via the confirmed list of the H2 GLS programme
1 day ago
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic...
1 day ago
Asian stocks extend global rally as data boost rate cut hopes
HONG KONG: Asia extended a global equities rally on Wednesday (Nov 26) after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.A report t
1 day ago
RHB initiates ‘buy’ on KIT, forecasts FFO CAGR of 1.2% over FY2024 to FY2027
Felicia Tan - RHB Bank Singapore analyst Shekhar Jaiswal has initiated a “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 55 cents, as he deems the trust to be a high-yield essential infrastructure play. KIT offers diversified exposure to essential infrastructure across energy transition ...
1 day ago
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
Shikhar Gupta - The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile
1 day ago
Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds
Danantara has not specified how it will use the additional proceeds