1 day ago
Gold rises as dollar falls on US Supreme Court tariff verdict
Markets currently expect three 25-basis-point rate cuts from the Federal Reserve this year, according to CME’s FedWatch Tool
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Asian stocks rally after Trump's Supreme Court tariffs blow
HONG KONG: Asian stocks rose while the dollar fell Monday (Feb 23) after the US Supreme Court struck down a large part of President Donald Trump's tariff policy that had sent shockwaves through the global economy last year.The rally was led by tech firms, which have been at the forefront of reg ...
1 day ago
DBS, Granite Asia team up to back Asia's next-gen companies; close US$110 mil AI IPO fund
Felicia Tan - DBS Bank has entered into a three-year partnership with multi-asset investment platform, Granite Asia, to provide support for Asia’s next-generation companies. The partnership, said to be the first of its kind in the region, will combine investment and financing solutions, widen access to capital ...
1 day ago
DBS partners Granite Asia to provide capital, financing for high-growth companies in Asia
Genevieve Cua - Collaboration opens up investment opportunities for DBS wealth clients
1 day ago
Dollar falls as traders sell US assets on trade policy risks
Trump’s latest tariff threat is clouding the outlook for both the US economy and global trade
1 day ago
DBS sees potential in Genting SG unlocking value from its cash reserves
Samantha Chiew - DBS Group Research is upgrading its call on Genting Singapore (GENS) to "buy" from "hold" previously, while increasing its target price to 90 cents from 80 cents. Analyst Chee Zheng Feng notes that GENS is one of the most profitable and diversified gaming operators in a duopoly m ...
1 day ago
Blue Owl anxiety rattles the US$1.8 trillion private credit market
The firm’s shares have now plunged almost 60% in the past 13 months
1 day ago
Seatrium up 4.2% on S$50 million savings target ahead of full-year earnings
Therese Soh - Expected savings come amid the group’s divestment of non-core assets
1 day ago
Seatrium ends 2.3% higher on S$50 million savings target ahead of full-year earnings
Therese Soh - Expected savings come amid the group’s divestment of non-core assets
1 day ago
Oil slides on Iran nuclear talks, fresh US tariff uncertainty
The two countries will hold a third round of nuclear talks on Thursday in Geneva, Oman’s Foreign Minister Badr Albusaidi says
1 day ago
Choppier waters ahead: Singapore SMEs brace for tougher US trade landscape as tariffs rise to 15%
Chong Xin Wei - Sustained investment in R&D would enable companies to ‘create foundational values rather than just value-add’, says Asme president
1 day ago
Singapore SMEs brace for choppy trade waters as US tariffs rise to 15%
Chong Xin Wei - Sustained investment in R&D would enable companies to ‘create foundational values rather than just value-add’, says Asme president
1 day ago
Singapore’s STI up, Hong Kong stocks surge as Asia rises after Trump’s new tariffs
Shikhar Gupta - The new tariffs can extend over 150 days without congressional approval
1 day ago
Singapore’s STI up, Apac stocks largely gain after Trump raises new global tariffs to 15%
Shikhar Gupta - The new tariffs can be as high as 15 per cent and can last 150 days without congressional approval
1 day ago
Singapore’s STI up, Apac stocks struggle for direction after Trump raises new global tariffs to 15%
Shikhar Gupta - The new tariffs can be as high as 15 per cent and can last 150 days without congressional approval
1 day ago
Elite UK REIT included back in FTSE Global Micro-Cap Index and FTSE Global Total Cap Index
Teo Zheng Long - In a press release dated Feb 23, Elite UK REIT (SGX: MXNU ) announces that it has been included back in the FTSE Global Micro-Cap Index and FTSE Global Total Cap Index. The manager explains that the REIT was previously excluded from the above FTSE indices back in Aug 23, 2024, as it did not meet the ...
1 day ago
CapitaLand Ascott Trust expands Japan portfolio with 4.6 billion yen acquisition
Deon Loke - It acquired three freehold rental housing properties in Southern Kanagawa, Greater Tokyo
1 day ago
Quantum tech investor QAI Ventures eyes fresh bets in Singapore, India
Sharanya Pillai - The Switzerland-based venture firm, which expanded to the city-state last year, is now raising a US$150 million fund
1 day ago
Seatrium divests $155.4 mil of non-core assets, expects $50 mil in annualised cost savings
The Edge Singapore - Seatrium has made a series of divestments of non-core assets totalling $155.4 million which it says will help achieve some $50 million in annualised cost savings with better streamlined operations. The company expects to make further divestments down the road. According to Seatrium on Feb 23, the co ...
1 day ago
CapitaLand Ascott Trust acquires three rental housing properties in Japan for JPY4.6 bil
Jovi Ho - CapitaLand Ascott Trust (CLAS) has acquired three freehold rental housing properties in Southern Kanagawa, Greater Tokyo, Japan for a total consideration of JPY4.6 billion ($38.3 million) from Patience Capital Group, an unrelated third party. The properties have an average occupancy of over 95% and ...
1 day ago
Raffles Medical posts 13.4% growth in FY2025 earnings to $70.6 mil
Samantha Chiew - Raffles Medical Group posted a 13.4% increase in its FY2025 ended December earnings to $70.6 million from $62.2 million a year ago. For FY2025, Patmi increased 13.4% to $70.6 million, driven by improved performance from the Hospital Services and Insurance businesses, as well as fair value gains on i ...
1 day ago
Stocks to watch: UOI, Seatrium, Parkway Life Reit, Clas, Raffles Medical, Vicom, Concord New Energy
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Feb 23):
1 day ago
Seatrium targets over S$50 million in savings through asset divestments
Deon Loke - This follows a series of transactions involving shipyards, tugboats and equipment across Singapore and Indonesia
1 day ago
Jardine C&C's offers investors two Asean growth engines: DBS
The Edge Singapore - DBS Group Research has initiated coverage on Jardine Cycle & Carriage with a "buy" call and $38.50 target price, given its two key growth engines driving the industrial development of Indonesia and Vietnam. JC&C is a "compelling vehicle" for investors keen for some exposu ...
1 day ago
Rolls-Royce to return as much as £1.5 billion to shareholders in buyback: report
[BENGALURU] Rolls-Royce Holdings is expected to announce alongside its annual results this week that it will launch a fresh share buyback worth...
1 day ago
Asia shares hesitant, dollar slips amid tariff confusion
SYDNEY, Feb 23 : Share markets were hesitant and the dollar slid in Asia on Monday as investors waited for some much-needed clarity on U.S. tariffs, while confidence in the entire AI trade was set to be tested by results from tech-diva Nvidia this week. Oil prices eased ahead of another round of ta ...
1 day ago
Wall St futures, dollar drop amid US tariff tumult
SYDNEY, Feb 23 : Wall Street futures and the dollar slid in Asia on Monday as confusion over U.S. tariffs revived the "sell America" trade, while confidence in the entire AI sector was set to be tested by results from tech-diva Nvidia this week.Gold gained and oil prices eased ahead of ano ...
1 day ago
Stocks fall, gold rallies as Trump's tariff spreads uncertainty
NEW YORK/LONDON, Feb 23 : Global stocks were lower on Monday dragged down by losses on Wall Street and in European equities as fresh uncertainty over U.S. trade policy erupted following President Donald Trump's new global tariff in the wake of a Supreme Court ruling.The U.S. Supreme Court struc ...
1 day ago
Raffles Medical H2 profit rises 21.7% to S$38.5 million; shares hit one-year high of S$1.08
Deon Loke - This is mainly due to improved performance from its hospital services and insurance businesses
1 day ago
Raffles Medical H2 profit rises 21.7% to S$38.5 million; shares surge 5.9% to one-year high
Deon Loke - This is mainly due to improved performance from its hospital services and insurance businesses
1 day ago
Raffles Medical H2 profit rises 21.7% to S$38.5 million
Deon Loke - This is mainly due to improved performance from its hospital services and insurance businesses
1 day ago
DBS, OCBC, UOB may grab attention as Fed shifts stance, copes with new tariff uncertainty
Ben Paul - Even if interest rates are bottoming, the normalisation of net interest margins at the three banks may continue through 2026
1 day ago
No more cheap kopi: the price of Johor’s investment boom
Tan Ai Leng - As Malaysia’s southern state transforms into an investment powerhouse, rising rents, traffic and costs test residents’ resilience
1 day ago
Digital Core Reit pivots to ‘offensive’ strategy, targets doubling asset base in 3 years
Young Zhan Heng - Its manager looks to capital recycling and sponsor-backed deals to scale