1 day ago
Low mortgage rates help; but be cautious in pursuing condo dreams as economic outlook weakens
Leslie Yee - Don’t raid the CPF account for a private home
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Trump warns of 10% tariff for ‘anti-American’ Brics policies
[WASHINGTON] US President Donald Trump said he would put an additional 10 per cent tariff on any country aligning themselves with “the...
1 day ago
Australia’s Star Entertainment gets last-minute extension on threatened casino deal exit
The casino operator will face financial penalties if the deal collapses
1 day ago
South Korea’s LG Energy Solution says Q2 profit likely up 152% on year
[SEOUL] South Korea’s LG Energy Solution (LGES), an electric car battery supplier for General Motors and Tesla, on Monday (Jul 7) estimated...
1 day ago
Richard Li’s FWD rises in HK debut, reversing earlier declines
The insurer’s stock climbs 1.1% to HK$38.40, rebounding from a drop of as steep as 2.5%
1 day ago
Richard Li’s FWD rises in HK debut, reversing earlier decline
The insurer plans to use the proceeds to reduce debt, support growth and enhance its digital capabilities
1 day ago
Richard Li’s FWD Group falls in Hong Kong debut after HK$3.5 billion IPO
The insurer plans to use the proceeds to reduce debt, support growth and enhance its digital capabilities
1 day ago
JP Morgan continues to like CICT for Singapore-focus, possible acquisition of CapitaSpring
The Edge Singapore - JP Morgan’s best S-REIT idea for July is CapitaLand Integrated Commercial Trust because of its Singapore-focus as Singapore accounts for 95% of CICT’s portfolio by asset value. “Singapore’s suburban retail, which anchors CICT’s portfolio, is expected to remain resilient due to its focus on ...
1 day ago
Singapore’s 240,000 millionaires spur spending on luxury brands
Audrey Wan / Bloomberg - Luxury spending is defying a global slump in wealthy Singapore, a beacon for high-end retailers grappling with sluggish demand in major markets including China and the US. Luxury sales in the Southeast Asian city-state are expected to climb 7% to $13.9 billion this year compared to 2024, outpacing h ...
1 day ago
Data Protection Trustmark elevated to Singapore Standard
Young Zhan Heng - The standard helps certified organisations demonstrate their commitment to effective data protection: IMDA
1 day ago
China releases plan to improve rural workers’ skills, CCTV reports
[HONG KONG] China on Monday released a plan outlining 14 specific tasks to promote retraining of the rural workforce to improve their...
1 day ago
After petrol, China’s oil refiners face a jet fuel glut
Beijing has urged a shift towards making more petrochemical products, including ethylene, a key building block for many plastics, but that has...
1 day ago
Taiwan stock ETFs lead inflows in Asia with US$19 billion haul
Salamat Sanwan - Regulators are implementing measures to supercharge the fast-growing sector
1 day ago
Gold prices drop as Trump signals trade deals, extends tariff reprieve
[BENGALURU] Gold prices dropped on Monday (Jul 7) after US President Donald Trump signalled progress on multiple trade agreements and announced extended...
1 day ago
How Xiaomi succeeded where Apple failed
Linda Lew / Bloomberg - Lei Jun, founder and chairman of Xiaomi Corp, the only tech company to have successfully diversified into carmaking, couldn’t resist. Speaking at a triumphant launch event in Beijing late last month for Xiaomi’s second electric vehicle, a long-anticipated SUV, Lei pointedly mentioned Apple Inc, ...
1 day ago
Ship hit in Red Sea as Israel strikes Houthi-controlled ports
[AMMAN] Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and...
1 day ago
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
Therese Soh - Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment
1 day ago
Xiaomi founder’s bold EV bet is paying off where Apple’s failed
Salamat Sanwan - The Chinese company has set a delivery target of 350,000 units in 2025, up from its previous goal of 300,000, buoyed by...
1 day ago
Asia stocks slip amid US tariff confusion, oil skids
SYDNEY :Stock markets slipped in Asia amid much confusion as U.S. officials flagged a delay on tariffs but failed to provide any detail or paperwork on the change, while oil prices slid as OPEC+ opened the supply spigots more than expected.The United States is close to finalising several trade agree ...
1 day ago
Stocks slip in Asia on US tariff confusion, oil skids
United States officials flagged a delay on tariffs, with higher rates to take effect on Aug 1, but failed to provide much detail on the change.
1 day ago
Stocks to watch: Del Monte, Nanofilm, LHN, mm2 Asia
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jul 7):
1 day ago
South Korea's LG Energy Solution says Q2 profit likely up 152% on year
SEOUL :South Korea's LG Energy Solution (LGES), an electric car battery supplier for General Motors and Tesla, on Monday estimated a 152 per cent rise in its quarterly operating profit. LGES said its operating profit was likely 492 billion won ($360.94 million) for the April-June period. That c ...
1 day ago
South Korea's LG Energy Solution says Q2 profit likely up 152% from year ago
SEOUL :South Korea's LG Energy Solution (LGES), an electric car battery supplier for General Motors and Tesla, on Monday estimated a 152 per cent rise in its quarterly operating profit. LGES said its operating profit was likely 492 billion won ($360.94 million) for the April-June period. That c ...
1 day ago
TikTok building new version of app ahead of expected US sale: report
Trump says the United States will probably have to get a deal approved by China
1 day ago
Japan's May real wages fall the most in nearly two years
TOKYO :Japanese real wages in May fell at the fastest pace in nearly two years as persistent inflation continued to outpace wage growth and hinder consumption-led growth in the world's fourth-largest economy, government data showed on Monday.While a labour group report last week showed unionise ...
1 day ago
Nissan considers Foxconn EV output to save Oppama from closure: report
[TOKYO] Nissan Motor is in discussions with Taiwan’s Foxconn over electric vehicle (EV) collaboration that could save its Oppama plant in Japan...
1 day ago
Oil tumbles as Opec+ hikes August output more than expected
[SINGAPORE] Oil prices slipped more than 1 per cent on Monday after Opec+ surprised markets by hiking output more than expected in August,...
1 day ago
Oil slips 1% after Opec+ accelerates output hikes
[SINGAPORE] Oil prices slipped 1 per cent at the start of trading on Monday after Opec+ accelerated output hikes and raised concerns about...
1 day ago
Thailand to offer US more trade concessions to avert 36% tariff
Patpicha Tanakasempipat / Bloomberg - Thailand is making a last-ditch effort to avert a punitive 36% export levy threatened by the Trump administration with offers of greater market access for US farm and industrial goods, along with increased purchases of energy and Boeing jets. Bangkok’s latest proposal aims to boost bilateral trade ...
1 day ago
Still sharp at 100: Dr Mahathir’s century of power, provocation and vision
Tan Ai Leng - The man who served as Malaysia’s longest-serving prime minister continues to engage and remain relevant in a country he helped shape
1 day ago
Broadening bullishness may support interest in new listings, including those headed to Catalist
Ben Paul - As STI’s rise changes market dynamics, investors should adopt a less defensive posture while corporate boards should prepare for more scrutiny
1 day ago
Reit-owned malls more likely to forgo higher rents for right tenant mix
Navene Elangovan - Private landlords less likely to have such considerations, especially for standalone properties
1 day ago
AIA Singapore steps up wealth management ambitions even as it leverages ageing trend
Ranamita Chakraborty - Insurer aims to meet rising demand for protection and long-term savings among mass affluent and high-net-worth segments
1 day ago
S&P 500 expected to rally further