2 days ago
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Europe: Stoxx 600 clocks worst day in more than a month after Fed’s hawkish signal
EUROPEAN stocks fell on Thursday (Dec 19), with the benchmark Stoxx recording its biggest single-day drop since early November as investors fled...
2 days ago
US: Stocks end flat as rebound effort losses steam
WALL Street stocks finished little changed on Thursday (Dec 19) as Treasury bond yields climbed further in the wake of a Federal...
2 days ago
Thailand faces uphill battle to revive growth momentum
It must address challenges such as an over-reliance on traditional industries, high household debt and a rapidly ageing population
2 days ago
Amazon agrees to worker safety measures to settle US probe
Amazon.com will implement new safety measures at all of its U.S. facilities to settle a federal agency's claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday.Amazon settled a series of complaints by the Occupational Saf ...
2 days ago
Lumen Technologies launches sale of consumer fiber unit, sources say
:Lumen Technologies has kicked off a process to sell its consumer fiber operations, as the telecommunications company looks to phase out its legacy mass markets business and reduce its sizable debt pile, according to people familiar with the matter. The move to offload the fiber business, which pro ...
2 days ago
Worldcoin must delete all iris scan data, watchdog says
MADRID : Sam Altman's company Worldcoin must delete all iris scanning data collected since the start of the project that has sparked privacy concerns in several countries, Spanish data protection watchdog AEPD said on Thursday.AEPD cited a decision earlier on Thursday by its Bavarian counterpar ...
2 days ago
India's Tech Mahindra aiming for bigger bite of bank tech spends, CEO says
BENGALURU : India's Tech Mahindra is stepping up focus on its banking, financial services and insurance (BFSI) business in a bid to bridge the gap with larger peers which have historically made more revenue from the lucrative segment, its CEO said in an interview.Mohit Joshi, who took the helm ...
2 days ago
Italy probes CK Hutchison unit on tax in 3.4 billion euro asset sale, Bloomberg News reports
CK Hutchison Holdings's Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4-billion-euro ($3.52 billion) asset sale to Cellnex Telecom SA, Bloomberg News reported on Thursday.($1 = 0.9647 euros)
2 days ago
Franklin Templeton sees opportunities in Asia following US elections
Samantha Chiew - In 2024, a record number of global elections took place, including Donald Trump’s return to the US presidency. New political leaders across the US and other economies will shape markets in 2025 and beyond with their perspectives and policies. As the geopolitical landscape evolves, Franklin Templet ...
2 days ago
Wall Street rebounds, Treasury yields rise as markets digest Fed's slowdown signal
NEW YORK :Wall Street rebounded on Thursday and benchmark U.S. Treasury yields hit their highest level since May as stocks recovered in the wake of the Federal Reserve's hawkish outlook.Crude prices dipped and gold rallied as investors grew accustomed to the reality that the central bank will t ...
2 days ago
Wall St rebounds, dollar stalls as markets digest Fed's slowdown signal
NEW YORK :Wall Street rebounded and U.S. Treasury yields resumed their climb on Thursday as stocks recovered from their steep dive in the wake of the Federal Reserve's hawkish outlook.The dollar gave back some of Wednesday's gains and gold rallied as investors grew accustomed to the realit ...
2 days ago
CDL Hospitality Trusts ventures into student accommodation with £37.3 million UK deal
Janice Lim - The purchase also includes vacant land that is adjacent to the student accommodation asset
2 days ago
US: Wall St jumps at open after selloff on Fed rate cut caution
WALL Street’s main indexes broadly rose at the open on Thursday (Dec 19), a day after the Federal Reserve’s projections of fewer-than-expected...
2 days ago
US growth revised to 3.1% on stronger consumer spending, exports
Bloomberg - The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to stronger consumer spending and exports. Gross domestic product increased at a 3.1% annualized rate in the third quarter, the third estimate of the figures from the Bureau of Economic Analysis sh ...
2 days ago
IReit Global inks lease agreement with second hospitality company in less than a month
Janice Lim - New deal with Stayery places Reit well on track on its plans to reposition office property in Berlin into multi-let and mixed-use...
2 days ago
Fed’s hawkish tilt has emerging markets scurrying to save currencies
CENTRAL banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday (Dec 19), hours after the Federal Reserve jolted...
2 days ago
CDLHT to acquire first PBSA asset in the UK for GBP37.3 mil
Ashley Lo - CDL Hospitality Trusts (CDLHT) says its wholly-owned subsidiaries, CDL HREIT Investments (IV) Property Limited and CDL HBT Investments (IV) Property Limited, have entered into an asset purchase agreement and completed the acquisition of freehold land comprising an operational purpose-built student a ...
2 days ago
OUE Healthcare subsidiary acquires 60% stake in Rehab Matters
Ashley Lo - OUE Healthcare says its subsidiary, O2 Healthcare Group, has acquired a 60% stake in Rehab Matters Private Limited, according to a Dec 19 release. Rehab Matters, a physiotherapy provider, specialises in medical-directed fitness and cardiopulmonary rehabilitation. The group comprises one specialist ...
2 days ago
Losses from crypto hacks jump to $2.2 billion in 2024, report says
Funds stolen by hacking cryptocurrency platforms surged 21 per cent from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday.The hacking amount exceeded $1 billion for the fourth straight year and the number of incidents rose to 303 from 282 in 2 ...
2 days ago
South Korea offers Equinor floating wind power contract
OSLO : Norwegian energy company Equinor has received an offer from the South Korean government for a fixed-price power purchase agreement for a 750-megawatt (MW) floating offshore wind project, the company said on Thursday."We have received an offer for an offtake contract for our Bandibuli pro ...
2 days ago
Big year of central bank easing wraps up with dovish BoE, Fed caution
LONDON : The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday, a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025. Seven of the world's 10 major, developed-market central banks cut rates this year, with ...
2 days ago
IREIT Global secures second hospitality lease at Berlin Campus
Ashley Lo - IREIT Global (IREIT) has signed a lease agreement with long-stay hospitality operator, BD Apartment GmbH (Stayery), to operate approximately 255 guest rooms at Berlin Campus. Under the agreement, the REIT will operate across 10,600 sqm of gross floor area (GFA) or 12% of net lettable space at Berl ...
2 days ago
Putin says Google is a tool used by the United States
MOSCOW :Russian President Vladimir Putin on Thursday accused Alphabet's Google of being a tool used by the U.S. government to score political points and blamed YouTube for slowing speeds on the video hosting platform in Russia. Google, along with other foreign tech firms, has been under pressur ...
2 days ago
Putin blames YouTube for slowing speeds in Russia
MOSCOW : Russian President Vladimir Putin on Thursday blamed Alphabet's YouTube for slowing speeds on the video hosting platform in Russia and said Google must comply with Russian law if it wants to continue operating in Russia. Critics believe YouTube is being deliberately disrupted by the aut ...
2 days ago
Arm, Qualcomm to make closing cases in chip license dispute trial
Lawyers for Arm Holdings and Qualcomm are set to make closing arguments on Friday in a case that could upend Qualcomm's push into the PC market with a chip meant to rival Apple and Intel on speed. An eight-person jury in a U.S. federal court in Delaware will determine whether Qualcomm or Nuvia, ...
2 days ago
The asset light model is not a panacea
Goola Warden - Skift, an intelligence platform for the travel and hospitality sectors, and Minor Hotels released on Dec 12 a report titled Asset Right: Rethinking the Balance Between Asset Light and Heavy Strategies, exploring the asset-light versus asset-heavy business models for the hospitality segment. The ho ...
2 days ago
Accenture forecasts annual revenue below estimates
Accenture forecast annual revenue growth below Wall Street estimates on Thursday, hurt by weak enterprise spending on IT services.The company expects annual revenue to grow between 4 per cent and 7 per cent, compared with analysts' expectations of 5.63 per cent according to data compiled by LSE ...
2 days ago
Accenture beats quarterly revenue estimates
:IT service provider Accenture beat Wall Street estimates for first-quarter revenue on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools.Shares of the company rose 5 per cent in premarket trading.Businesses are investing heavily to scale their AI project ...
2 days ago
NRIC numbers alone cannot be used to effect payment and fund transfers: ABS
Ashley Lo - Consumer banking cannot use NRIC numbers alone to effect payment and fund transfers, according to the Association of Banks in Singapore (ABS). This comes on the back of banks applying multi factor authentication at login for online financial services, which includes an additional layer of control to ...
2 days ago
Banks conducting 'thorough review' of practices on use of NRIC numbers: ABS
Some existing practices may be changed as a result, said the Association of Banks in Singapore.
2 days ago
Do developers need to be like CapitaLand?
Goola Warden - CapitaLand Investment (CLI) has lost 11.7% over one year as of Dec 16, and is down 15% this year. Keppel, an alternative asset manager, has lost 3.1% this year, and 1% over one year. ESR Group’s share price is up 11% this year, and 19% over a one-year period. ESR Group is not a strict comparison t ...
2 days ago
Micron slumps as bleak quarterly forecast clouds AI-related boost
Micron Technology shares plummeted 15 per cent in premarket trading on Thursday following a dismal forecast that signaled a squeeze from weak demand for personal computers and smartphones, overshadowing a solid lift from sales of AI-related chips. The market for dynamic random-access memory (DRAM) c ...
2 days ago
Scoot apologises after KL-bound flight took off 1½ hours earlier than scheduled on Nov 1
See Toh Kok Siong - BUDGET carrier Scoot has apologised after one of its flights took off from Changi Airport about 1½ hours earlier than scheduled on...