1 day ago
Silver hits fresh record after trading outage, supply tightness
Markets are also fully pricing in a quarter-point rate cut in the US this month
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
DBS finds Bukit Sembawang to be a ‘potential dividend powerhouse’ in un-rated report
Teo Zheng Long - DBS Group Research (DBS) analysts Tabitha Foo and Derek Tan see one of Singapore’s longest-standing residential developers, Bukit Sembawang Estates, as a “potential dividend powerhouse”. In their Nov 28 un-rated report, the DBS analysts see the company’s core engine lies with the property de ...
1 day ago
Marco Polo Marine H2 profit jumps over 4 times to S$47.9 million on impairment reversals
Deon Loke - This is attributed to a combination of stronger underlying performance and several extraordinary gains
1 day ago
Marco Polo Marine H2 profit quadruples to S$47.9 million on impairment reversals
Deon Loke - This is attributed to a combination of stronger underlying performance and several extraordinary gains
1 day ago
Japanese firms scale back investment as tariff headwinds hit
Monday’s figures will be factored into revisions made to third-quarter GDP data due Dec 8
1 day ago
Low Keng Huat controlling shareholders launch delisting offer at S$0.72 a share
Deon Loke - The cash offer price represents a premium of 17.1 per cent over the last transacted price of S$0.615
1 day ago
Japan's factory activity decline slows in November, PMI shows
TOKYO, Dec 1 : Japan's manufacturing activity shrank for the fifth consecutive month in November, weighed by sluggish demand, though the outlook improved slightly, a private-sector survey released on Monday showed.The S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) slig ...
1 day ago
PhillipCapital's Chong upgrades BRC Asia to 'buy' along with $5.10 target price
The Edge Singapore - Yik Ban Chong of PhillipCapital has upgraded his call on BRC Asia from "neutral" to "buy", along with a higher target price of $5.10, from $4.10 previously. For its FY2025 ended Sept, the steel supplier reported earnings that came in within his expectations. Underpinned by higher ...
1 day ago
ASX outage halted company reports for hours in latest snafu
The delays also come after a 10-hour shutdown on the Chicago Mercantile Exchange on Friday roiled world markets
1 day ago
Australia’s ASX hit by outage affecting corporate announcements, website shows
The outage comes after CME Group on Friday suffered one of its longest outages in years
1 day ago
ASX announcements platform operational issue ‘largely resolved’
The outage affects 80 stocks, not cybersecurity-related
1 day ago
Manulife US Reit proposes strategic pivot to retail, living, industrial sectors
Deon Loke - It seeks mandates for US$350 million in divestments and US$600 million in acquisitions
1 day ago
Wilmar’s Kuok Khoon Hong to cease to be a member of its risk management committee and board sustainability committee
Felicia Tan - Wilmar International’s chairman, Kuok Khoon Hong, will cease to be a member of the group’s risk management committee and board sustainability committee. The cessation will be effective from Dec 1 onwards. Under the recommendation of Wilmar’s nominating committee, the board has approved the app ...
1 day ago
South Korea's factory activity shrinks again on weak demand, PMI shows
SEOUL, Dec 1 : South Korea's factory activity contracted for a second straight month in November, as demand remained subdued, a private-sector survey showed on Monday, though a finalised trade deal with the United States brought some clarity for manufacturers.The Purchasing Managers Index (PMI) ...
1 day ago
Stocks to watch: Low Keng Huat, Centurion, Manulife US Reit, Seatrium, Wilmar, LHN
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 1):
1 day ago
Stocks to watch: Centurion, Manulife US Reit, Seatrium, Wilmar, LHN, Marco Polo Marine
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Dec 1):
1 day ago
Manulife US REIT seeks unitholder vote for divestments, eyeing industrial, living, retail assets in US, Canada
Jovi Ho - Manulife US REIT (MUST), still US$55.6 million ($72.1 million) short of its end-2025 divestment target, is seeking unitholders' approval to sell up to three existing properties and to make acquisitions beyond the US office sector into industrial, living and retail assets in US and Canada. The m ...
1 day ago
MetaOptics seeks to raise $4.9 mil through 6.7 mil share placement at 72.55 cents per share
Felicia Tan - MetaOptics is seeking to raise $4.85 million by placing 6.69 million new ordinary shares in the capital of the company at 72.55 cents per share. The proceeds will be used to strengthen the group’s financial position and expand its capital base to “support the fulfilment of an anticipated growing ...
1 day ago
Japan Q3 capex growth slows to 2.9%, but points to resilient demand
TOKYO, Dec 1 : Japanese corporate spending on factories and equipment rose 2.9 per cent in July-September against the same period the year before, Ministry of Finance data showed on Monday, slowing from the previous quarter but continuing to underpin domestic demand."Growth in capital investmen ...
1 day ago
Japan Q3 capex rises 2.9%, pointing to resilient domestic demand
TOKYO, Dec 1 : Japanese corporate spending on factories and equipment rose 2.9 per cent in July-September versus the same period a year prior, Ministry of Finance data showed on Monday, signalling the world's fourth-largest economy was weathering the impact of U.S. tariffs.The data, which will ...
1 day ago
Databricks in talks to raise capital at US$134 billion valuation: report
The company now expects sales to grow by 55% this year
1 day ago
Centurion Corp acquires 25% stake in 472-bed PBSA development in Perth for $5.1 mil
Felicia Tan - Centurion Corporation has, through its wholly-owned subsidiary, Centurion Overseas Investments (II), acquired a 25% stake in Stirling Highway Development, a purpose-built student accommodation (PBSA) development in Perth, for A$6 million ($5.1 million). A subscription and shareholder agreement was s ...
1 day ago
Centurion buys 25% stake in Perth student accommodation project for A$6 million
Deon Loke - The site has obtained development approval for a 472-bed facility across 440 units
1 day ago
Centurion acquires 25% stake in Perth student accommodation project for A$6 million
Deon Loke - The site has obtained development approval for a 472-bed facility across 440 units
1 day ago
Some prime JB sites double in value as RTS fever lifts Johor property
Observers caution the surge is uneven, and that the state’s property overhang could cast a shadow
1 day ago
RTS fever fuels Johor’s property surge as prime JB sites double in value
Observers caution the surge is uneven, and that the state’s property overhang could cast a shadow
1 day ago
Some prime JB sites double in value as RTS fever grips Johor property
Observers caution the surge is uneven, and that the state’s property overhang could cast a shadow
1 day ago
China earnings miss casts doubt on Xi’s bid to end deflation
Technology shares are facing a reality check with lukewarm third-quarter results
1 day ago
South Korea’s small-cap Kosdaq index surges on report of tax breaks
The Kospi has jumped 64% so far this year, making it one of the world’s best-performing indexes
1 day ago
Oil rises on OPEC+ output plan, Venezuela worries
PERTH, Dec 1 : Oil prices rose as much as 1.5 per cent on Monday after OPEC+ members reaffirmed a plan to pause production increases in the first quarter of next year and the prospect of U.S. action against oil producer Venezuela unsettled the market.Brent crude futures later pared gains to sit up 0 ...
1 day ago
Oil rises after OPEC+ meeting maintains current output
PERTH, Dec 1 : Oil prices rose more than 1.5 per cent on Monday after the OPEC+ meeting on Sunday decided against earlier planned production rises in the first quarter of next year.Brent crude futures climbed 94 cents, or 1.51 per cent, to $63.32 a barrel by 2327 GMT. U.S. West Texas Intermediate cr ...
1 day ago
Oil rises 2% on supply worries
LONDON, Dec 1 : Oil prices rose 2 per cent on Monday as the Caspian Pipeline Consortium halted exports after a major drone attack and U.S.-Venezuela tensions raised concerns about supply, while OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026.Brent crude futures advanc ...
1 day ago
Australia's ASX announcements platform operational issue 'largely resolved'
Dec 1 : Embattled stock exchange operator Australian Securities Exchange is facing fresh pressure to enact its turnaround plan, after its announcements platform suffered an outage on Monday, forcing about 80 stocks to be placed on a trading halt. The platform went down just before 9 a.m. (2200 GMT) ...
1 day ago
Australia's ASX announcement platform still not fully operational as trading session ends
Dec 1 : Embattled stock exchange operator Australian Securities Exchange is facing fresh pressure to enact its turnaround plan, after its announcements platform suffered an outage on Monday, forcing about 80 stocks to be placed on a trading halt. The exchange's announcements platform went down ...