1 day ago
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
BlackRock turns bearish on long-term Treasuries as AI funding wave looms
NEW YORK, Dec 2 : The BlackRock Investment Institute said on Tuesday it is turning bearish on long-term U.S. Treasuries, warning a coming wave of AI-related financing could put upward pressure on U.S. borrowing costs and exacerbate worries over U.S. government indebtedness. In recent weeks, investo ...
1 day ago
Infinity Development Holdings raises gross proceeds of $13.7 mil from all-placement IPO
Nicole Lim - Infinity Development Holdings has completed the placement of 35,100,000 new shares on the Catalist board of the SGX-ST, raising gross proceeds of $13.7 million. The placement was priced at 39 cents per share, and attracted subscriptions from a range of institutional investors including ICH Ascend Op ...
1 day ago
Buying the S&P 500 is an active bet on AI: BlackRock Investment Institute
Benjamin Cher - The unprecedented artificial intelligence boom is catalysing a mega structural change that impacts investing, it says
1 day ago
Prada completes Versace takeover after long courtship
Prada heir Lorenzo Bertelli will become executive chairman of Versace once the integration is complete
1 day ago
Fintech firm Wealthfront seeks up to $2.05 billion valuation in US IPO
Dec 2 : Automated digital wealth management firm Wealthfront is targeting a valuation of up to $2.05 billion in its U.S. initial public offering, it said on Tuesday, becoming the latest to test a trend of strong investor appetite for fintech listings.The Palo Alto, California-based company plans to ...
1 day ago
Fintech platform Wealthfront aims to raise up to $485 million in US IPO
Dec 2 : Automated digital wealth management firm Wealthfront said on Tuesday it was aiming to raise as much as $485 million in its initial public offering in the United States.Wealthfront, founded in 2008 by Andy Rachleff and Dan Carroll, provides automated tools such as cash accounts, ETF and bond ...
1 day ago
German antitrust authority tests Apple's revised app tracking rules for competition compliance
BERLIN, Dec 2 : Germany's antitrust authority said on Tuesday it is assessing solutions proposed by Apple to address competition concerns over its App Tracking Transparency Framework (ATTF) and has launched a market test to gather feedback from app publishers, media associations, content provid ...
1 day ago
German antitrust watchdog tests Apple's revised app tracking rules
BERLIN, Dec 2 : Germany's antitrust authority said on Tuesday it is testing Apple's proposed changes to its app tracking rules, seeking feedback from publishers, media groups and regulators to assess whether the new measures address competition concerns.Apple said it had agreed to make cha ...
1 day ago
Temasek-backed autonomous driving firm Momenta files for Hong Kong IPO: sources
The firm is joining a growing list of Chinese companies aiming to debut in the Asian financial hub
1 day ago
European banks led by BNP, ING push ahead on euro stablecoin plan
PARIS/MADRID, Dec 2 : A group of 10 European banks, including ING, UniCredit and BNP Paribas, have formed a company to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments.The CEO of the Amsterdam-based company, named Qivalis ...
1 day ago
Group of European banks announce euro stablecoin company called qivalis
PARIS/MADRID, Dec 2 : A group of 10 European banks, including heavyweights ING, UniCredit and BNP Paribas, have formed a consortium to launch a euro-pegged stablecoin, in a move they hope will counter U.S. dominance in digital payments.The CEO of the Amsterdam-based company, named qivalis, will be J ...
1 day ago
Daily Debrief: What Happened Today (Dec 2)
Stories you might have missed
1 day ago
Genting’s privatisation push falters just as New York delivers a splashy win
Tan Ai Leng - The offer for Genting Malaysia closes shy of the delisting mark while its US arm scores with a full casino licence
1 day ago
Prada announces that it has officially purchased fashion rival Versace
MILAN: Prada said on Tuesday (Dec 2) it had completed the acquisition of smaller Italian rival Versace, a brand the luxury group said it had long coveted.Prada signed a definitive agreement in A
1 day ago
Bayshore, Berlayar and Newton plots among 10 new housing sites up for sale; two EC parcels also available
Jessie Lim - On the reserve list is a Town Hall Link lot, carved out of the Jurong Lake District master-developer site
1 day ago
STI up 0.3% on Tuesday amid mixed showing by Singapore shares
Tay Peck Gek - Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted
1 day ago
STI up 0.3%, amid mixed showing by Singapore shares
Tay Peck Gek - Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted
1 day ago
Analysts value Marco Polo Marine’s shares at 14 cents after net profit jump
Lin Daoyi - Analysts from CGS International and RHB have reiterated their “buy” call for Marco Polo Marine after the offshore and marine player announced a positive set of results for FY2025 ended Sept 30. In their report issued on Dec 1, the CGSI pair of Meghana Kande and Lim Siew Khee maintained their TP ...
1 day ago
Taiwan charges Tokyo Electron unit in TSMC trade secrets case
TAIPEI, Dec 2 : Taiwan prosecutors said on Tuesday they had charged Tokyo Electron's Taiwan unit with violating the National Security Act and the Trade Secrets Act after a former employee was indicted for stealing trade secrets from chipmaker TSMC.The unit could face fines of up to T$120 millio ...
1 day ago
Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case
TAIPEI: Taiwan prosecutors said on Tuesday (Dec 2) they had charged Tokyo Electron's Taiwan unit with violating the National Security Act and the Trade Secrets Act after a former employee was indicted in August for alleged theft of trade secrets from chipmaker TSMC.The prosecutors said in a sta ...
1 day ago
Analysts raise CIMB target price on ‘surprise’ capital return initiative
Deon Loke - The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027
1 day ago
Ex-director and founder of Agritrade International charged with cheating investment platform
Chloe Lim - Ng Say Pek was arrested on Dec 1 after being on the run for over five years
1 day ago
Trump administration backs Bayer’s bid to curb Roundup lawsuits
The company is facing more than 67,000 such lawsuits in US state and federal courts
1 day ago
Saudi National Bank’s US$1 billion loan adds to Middle East spree
It’s part of a plan to finance a US$2 trillion economic overhaul
1 day ago
South Korean President Lee calls for harsher penalties after Coupang data breach
The company’s CEO endures hours-long grilling for shocking data loss
1 day ago
Apac PE executives are the least fazed by geopolitical uncertainty in dealmaking: report
Chloe Lim - Only 30% view it as a top threat, compared with 60% in Emea and 49% globally
1 day ago
Three-storey industrial facility at 5 Tampines Industrial Drive for sale at $13 mil
Jovi Ho - A modern three-storey single-user general industrial building located at 5 Tampines Industrial Drive is up for sale at approximately $13 million via a private treaty, according to exclusive marketing agent CBRE. Situated on a plot of land measuring approximately 50,619 sq ft with a remaining lease t ...
1 day ago
Raffles Education sells corporate building for S$121.8 million
Chong Xin Wei - The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player
1 day ago
Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain
Chong Xin Wei - Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value
1 day ago
Elevate Capital-LaSalle JV buys Raffles Education Square for S$121.8 million
Chong Xin Wei - The property at 51 Merchant Road is being sold by Raffles Education at about 78% over book value
1 day ago
AirAsia founder urges Airbus to re-look software tests
The budget carrier is a major customer of Airbus, which is facing fallout from a weekend software glitch
1 day ago
Apple can be sued in a Dutch court for antitrust damages, EU's top court says
BRUSSELS, Dec 2 : Apple can be sued in a Dutch court for antitrust damages, Europe's highest court said on Tuesday, backing two foundations seeking compensation for users affected by the iPhone maker's alleged anti-competitive conduct related to its App Store.The case came before the Luxem ...
1 day ago
EU Court rules Dutch courts can handle a anti-trust case against Apple's App store
BRUSSELS, Dec 2 : The Court of Justice of the European Union on Tuesday ruled the Dutch tribunals have jurisdiction over a case brought against Apple's App Store by two local foundations over alleged anticompetitive conduct.Apple had contended a Dutch court did not have jurisdiction as the alle ...