Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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2 days ago
Asia: Markets build on rally on hopes US will avoid recession
ASIAN markets rose again on Friday as fears about a possible recession in the US economy were soothed by data showing it grew more than expected in 2022, adding to the broadly upbeat tone across trading floors this year.
2 days ago
Thai finance ministry maintains 2023 GDP growth outlook, sees more tourists
BANGKOK : Thailand's finance ministry on Friday maintained its economic growth outlook for 2023 at 3.8 per cent, helped by a rebound in tourism and domestic demand, but an official said exports would slow down this year.For 2022, Southeast Asia's second-largest economy is expected to have ...
2 days ago
Stripe hires Goldman, JP Morgan to explore listing and private share sale - sources
:Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters.The move, communicated to Stripe employees in an internal ...
2 days ago
The worst is over for Frencken, Maybank upgrades to 'buy' with a higher TP of $1.21
Khairani Afifi Noordin - Maybank Securities analyst Jarick Seet has upgraded Frencken Group to “buy” from “sell” previously on bullish customer outlook.In his Jan 25 report, Seet explains that Frencken’s largest semiconductor customer ASML Holding reported a strong 4QFY2022, with revenue rising 29% y-o-y to EUR6.4 ...
2 days ago
Huawei and NUS to challenge students' business analytics skills
Nurdianah Md Nur - Students from universities and polytechnics in Singapore can test their business analytics skills in the Huawei-NUS Innovation Challenge, which will kick off on February 9, 2023.The challenge will see participants working in teams of four to six to build a stock trading model based on historical tra ...
2 days ago
LG says it's in talks with Tesla to supply batteries from Arizona factory
SAN FRANCISCO/SEOUL : LG Energy Solution said on Friday it is in "active discussions" with Tesla and electric vehicle startups to supply batteries from the supplier's proposed Arizona factory in the United States, without elaborating further. LG Energy Solution, which currently suppli ...
2 days ago
Adani Group carnage drives Indian shares to over 3-mnth lows
BENGALURU :Indian shares ended more than 1 per cent lower to hit a three-month low on Friday as a short-seller attack on Adani Group companies triggered a selloff in its shares and of the banks, wiping off a combined $48 billion in the conglomerate's market value over two days.The Nifty 50 inde ...
2 days ago
Indian shares sink; Adani Group stocks plunge to lower circuit
BENGALURU :Indian shares fell more than 1 per cent to an over three-month low on Friday as some Adani Group companies plunged 20 per cent and hit their lower circuits in the wake of a short-seller attack on the conglomerate, which also dragged down financials.The Nifty 50 index was down 1.68 per cen ...
2 days ago
Indian shares fall as financials slide; Adani stocks tumble
BENGALURU :Indian shares opened lower on Friday as financials sustained the slide on risk aversion due to Hindenburg's report on the books of Adani group companies, which offset easing concerns of recession in the U.S.The Nifty 50 index was down 1.14 per cent at 17,683.40 as of 10:15 a.m. IST, ...
2 days ago
Indian shares set to open higher as US recession fear ease
BENGALURU : Indian shares are set to open higher on Friday benefiting from a broader risk-on sentiment after stronger-than-expected U.S. economic growth data eased concerns of a recession, while investors remained watchful ahead of release of the federal budget and central bank meetings due next wee ...
2 days ago
Japan, Netherlands to join US in restricting chip equipment exports to China-Bloomberg
TOKYO : Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported.Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV from selling ma ...
2 days ago
Japan, Netherlands to join US in China chip controls -Bloomberg
TOKYO : Japan and the Netherlands will join the United States in implementing export controls on semiconductor manufacturing equipment to China soon, Bloomberg News reported on Friday.The trilateral talks are set to conclude as early as Friday U.S. time, the report said, citing people familiar with ...
2 days ago
Audi’s new concept car turns from electric SUV into truck
SUV or truck? Why choose, says Audi. The German brand has a new model that turns from SUV into truck.
2 days ago
Australia regulator to probe social media influencers for false endorsements
SYDNEY : Australia's competition regulator said on Friday it would check whether influencers on social media platforms had failed to disclose their affiliation with the brands they were promoting.The Australian Competition and Consumer Commission (ACCC) said it would look at more than 100 influ ...
2 days ago
HDB resale price growth slows to 10.4% for 2022 as prices flatten, sales fall in Q4
Ry-Anne Lim - FEWER Housing and Development Board (HDB) resale flats changed hands in the fourth quarter of last year, with prices inching up for the 11th straight quarter.
2 days ago
Asian equities hit 9-month high as recession fears wane
SINGAPORE : Asian stocks rose on Friday and were poised for their fifth straight week of gains after data highlighted a resilient U.S. economy, boosting investor sentiment ahead of next week's slate of central bank policy meetings. MSCI's broadest index of Asia-Pacific shares outside Japan ...
2 days ago
Asian equities hit 9-month high as recession fears ebb
SINGAPORE : Asian stocks rose on Friday and were poised for their fifth straight week of gains after data highlighted a resilient U.S. economy, boosting investor sentiment ahead of next week's slate of central bank policy meetings. MSCI's broadest index of Asia-Pacific shares outside Japan ...
2 days ago
Asian shares at 9-month high after resilient U.S economic data
SINGAPORE : Asian stocks rose on Friday and were poised for their fifth straight week of gains after a set of data highlighted a resilient U.S. economy, lifting investor sentiment ahead of next week's slate of central bank monetary policy meetings. MSCI's broadest index of Asia-Pacific sha ...
2 days ago
Analysts expect Singapore's industrial production to remain soft in 1Q2023
Felicia Tan - Singapore’s industrial production fell by 3.1% on a y-o-y basis in December 2022, making this the third consecutive month of decline.The decline, which was less than the 6.9% y-o-y drop estimated by the Bloomberg consensus, was due to the drag by the biomedical cluster.The cluster declined by 20.3 ...
2 days ago
S Korea fines Citadel Securities for stock algorithm trading breaches
SEOUL : South Korea's financial regulator has imposed a fine of 11.88 billion won ($9.66 million) on U.S.-based Citadel Securities, saying it disturbed the local stock market with high-frequency algorithm trading.The Financial Services Commission (FSC) said in a statement released on Thursday t ...
2 days ago
Oil prices advance on US growth, Chinese recovery hope
:Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month's peak levels. Brent futures gained 30 cents, or 0.34 per cent, to $87.77 a barrel b ...
2 days ago
Oil prices edge up on strong US economic data, Chinese demand hope
Oil prices edged marginally higher on Friday, extending for a second session on strong U.S. economic data and strengthening hope that the reopening of the Chinese economy would boost demand. Brent futures gained 30 cents, or 0.3 per cent, to $87.66 a barrel by 0113 GMT, while U.S. crude rose 21 cent ...
2 days ago
Dollar drops vs yen, near 9-month low to euro on central bank bets
TOKYO : The U.S. dollar dropped against the yen on Friday as traders bet a hawkish pivot from the Bank of Japan (BOJ) was still in the offing.The dollar also sagged close to a nine-month low versus the euro, amid market expectations the European Central Bank next week will implement a rate hike twic ...
2 days ago
Indonesia wants palm oil exporters to trade on local exchanges
INDONESIA, the biggest palm oil supplier, is studying rules that would require exporters to trade at least some of their oil on local exchanges before shipping it overseas in order to improve control and data transparency.
2 days ago
Analysis:India's EV dawn fans expectations fuel demand may peak early
NEW DELHI : The rapid take-up of electric vehicles in India's fledgling market has prompted a major rethink about the country's long-term fuel needs as refiners in Asia's third-largest economy hasten their shift away from oil production.India, one of the world's fastest growing o ...
2 days ago
Singapore stocks rise at Friday’s open; STI up 0.1%
Bernadette Toh - SINGAPORE stocks rose in early trade on Friday (Jan 27) following the release of fresh data from the Urban Redevelopment Authority, which indicated a rise in Q4 private home prices while retail rents fell.
2 days ago
Gold little changed as traders focus on US inflation data
GOLD prices were little changed in early Asian hours on Friday (Jan 26), as traders awaited US inflation data due later in the day to gauge the Federal Reserve’s rate-hike stance.
2 days ago
Intel tumbles after forecast suggests comeback is far off
Bloomberg - Intel Corp. gave one of the gloomiest quarterly forecasts in its history after a personal-computer slump ravaged the chipmaker’s business, sending shares tumbling and further setting back turnaround efforts.The company predicted a surprise loss in the current period and a sales range that missed a ...
2 days ago
Wells Fargo CEO Scharf’s 2022 pay unchanged at US$24.5m
WELLS Fargo & Co chief executive officer Charles Scharf’s total compensation for 2022 was unchanged at US$24.5 million, the Wall Street bank said in a regulatory filing on Thursday.
2 days ago
Navigate market uncertainties with more confidence with OCBC Securities
Samantha Chiew - The Covid-19 period was a period of change for many. This included local brokerage OCBC Securities: It led the company to move towards a new era of digitalisation, and at this time, it also welcomed a new man at the helm — Wilson He.He joined OCBC Securities in April 2020, just as Singapore went i ...
2 days ago
US securities regulator probes investment advisers over crypto custody -sources
NEW YORK : The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, three sources with knowledge of the inquiry told Reuters. The SEC has been questioning advisers' efforts to follow the age ...
2 days ago
US economy cools like the Fed wants, still risks a stall in 2023
Bloomberg - The US economy beat expectations in the last quarter of 2022, posting the kind of mild slowdown that the Federal Reserve wants to see as it attempts to tame inflation without choking off growth.Economists who dug into the details, though, saw enough warning signs – especially in weakening demand a ...
2 days ago
Retail sector in better shape than a year ago, say market watchers
Kalpana Rashiwala - OFFICIAL data shows a bigger drop in Singapore retail rents in the fourth quarter of last year than in the preceding quarter, but market observers say that although landlords are collecting less rent, the retail sector is in a much better place than it was a year ago.
2 days ago
Singapore central region retail rents fall 1.1% in Q4, taking full-year drop to 2.4%
Kalpana Rashiwala - RETAIL rents in Singapore’s central region fell 1.1 per cent in the fourth quarter of last year over the previous quarter. This is a bigger drop than the 0.4 per cent quarter-on-quarter (qoq) decrease in Q3 2022.
2 days ago
Private home prices up 0.4% in Q4; 2022 notches up increase of 8.6%: URA
Corinne Kerk - PRIVATE home prices in Singapore inched up by 0.4 per cent in the fourth quarter of 2022, higher than the 0.2 per cent flash estimate by the Urban Redevelopment Authority (URA) earlier this month, and after increasing by 3.8 per cent in the previous quarter. For the whole of 2022, prices of private ...
2 days ago
FLASH: Private home prices up 0.4% in Q4; 2022 notches up increase of 8.6%: URA
Corinne Kerk - PRIVATE home prices in Singapore inched up by 0.4 per cent in the fourth quarter of 2022, after increasing by 3.8 per cent in the previous quarter. For the whole of 2022, prices of private residential properties increased by 8.6 per cent, compared to the 10.6 per cent rise in 2021.






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