3 days ago
Sembcorp unit signs 10-year LNG supply deal with Chevron
Ry-Anne Lim - A SEMBCORP Industries wholly-owned subsidiary, Sembcorp Fuels, has signed a 10-year sale-and-purchase agreement with oil major Chevron Corp for about 0.6 million...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Sembcorp enters LNG sale and purchase agreement with Chevron
Ashley Lo - Sembcorp Industries (Sembcorp) says its wholly-owned subsidiary, Sembcorp Fuels (Singapore), has signed a sale and purchase agreement with Chevron U.S.A (Singapore Branch), according to a Dec 5 release. Under the agreement, Sembcorp is set to import up to 0.6 million tonnes of liquefied natural ga ...
3 days ago
European Space Agency's sun-studying Proba-3 mission lifts off on ISRO rocket
BENGALURU :The European Space Agency on Thursday launched Proba-3, a cutting-edge Sun-observing mission, aboard the Indian Space Research Organisation's flagship rocket.The launch from Satish Dhawan Space Centre, originally scheduled for Wednesday, had been delayed because of a technical snag. ...
3 days ago
European Space Agency's sun-studying Proba-3 mission launches on ISRO rocket
BENGALURU : The European Space Agency launched Proba-3, a cutting-edge Sun-observing mission, aboard the Indian Space Research Organisation's flagship rocket on Thursday, advancing global efforts to understand the economic and technological risks of space weather.The launch, originally schedule ...
3 days ago
Mitsui CEO says final push underway with TotalEnergies to revive Mozambique LNG project
TOKYO : Japan's Mitsui & Co is collaborating with TotalEnergies and the Mozambique government to finalise plans for restarting construction of the $20 billion Mozambique liquefied natural gas (LNG) project, CEO Kenichi Hori said on Thursday. The project, led by TotalEnergies, has faced dela ...
3 days ago
Honda to recall over 205,000 US SUVs over fuel leak concern, NHTSA says
The National Highway Traffic Safety Administration said on Thursday that Honda would recall about 205,760 SUVs in the United States over a fuel leak issue. The recall includes some Passport and Pilot vehicles from model years 2023-2025. The filler neck tube and pipe may separate, allowing fuel to l
3 days ago
S&P Global Ratings places SingPost on CreditWatch negative due to uncertainties over strategy reset
Ashley Lo - S&P Global Ratings primary credit analyst Ong Hwee Yee has kept her “BBB” rating on Singapore Post S08 (SingPost) due to uncertainties over the group’s future strategy. Ong has also kept her “BB+” issue rating on the $250 million senior perpetual securities that the group guarantees. ...
3 days ago
Deal or no deal? ‘Game-changer’ JS-SEZ delayed yet again
Jovi Ho - The Johor-Singapore Special Economic Zone (JS-SEZ) deal — originally slated for September and then December — has been postponed yet again to the new year, as Prime Minister Lawrence Wong is down with Covid-19. Putting pen to paper has proven elusive for leaders from both sides of the Causeway; ...
3 days ago
Cognac and champagne makers seek to boost US exports to avoid tariff risks
PRODUCERS of Cognac and Champagne are seeking to ship more bottles to the US as they brace for potential extra tariffs under...
3 days ago
Apple plans $1 billion manufacturing plant investment in Indonesia, minister says
JAKARTA :Tech giant Apple plans to invest $1 billion in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia's investment minister said on Thursday.In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to r ...
3 days ago
Apple plans manufacturing plant investment in Indonesia, minister says
JAKARTA : Tech giant Apple plans to invest in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia's investment minister said on Thursday.Rosan Roeslani told reporters that Apple and Indonesia are still ironing out details of the planned inve ...
3 days ago
Market Focus Daily: Thursday, December 5, 2024
STI jumped more than 1% this morning, nearing a record high; OKH Global surges 38.9% after proposed acquisition of Chip Eng Seng...
3 days ago
Bitcoin tops $100,000, stocks party at record highs
LONDON :Bitcoin broke $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks touched fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome Powell. France's government lost a confidence vote late on ...
3 days ago
Euphoria all around as Bitcoin vaults above $100,000, stocks hit record highs
LONDON :Bitcoin broke $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks touched fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome Powell. France's government lost a confidence vote late on ...
3 days ago
Bitcoin tops $100,000, stocks stay near record highs
BOSTON/LONDON : Bitcoin broke above $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks touched fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome Powell. France's government lost a confidenc ...
3 days ago
Bitcoin tops US$100,000, stocks stay near record highs
Bitcoin catapulted above US$100,000 for the first time on Thursday (Dec 5), a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly US administration to cement the place of cryptocurrencies in financial markets. Once it broke US$100,000 in Thursday� ...
3 days ago
Praemia REIM is said to consider Singapore healthcare Reit IPO
FRANCE’S Praemia REIM is considering listing a healthcare real estate investment trust (Reit) in Singapore, according to people familiar with the matter,...
3 days ago
STI advances further to reach new 17-year high, 83 points below all-time high
Jovi Ho - The Straits Times Index (STI) closed 22.74 points higher, or 0.6% up, at 3,822.68 points on Dec 5. Among its 30 components, Hongkong Land gained the most throughout the trading day, at 3.99%. Sembcorp Industries U96 gained 2.73%, while Yangzijiang Shipbuilding rose 2.33%. The STI had closed at 3 ...
3 days ago
South Korea plans to boost overnight won liquidity post spread blowout
Bloomberg - South Korea is planning measures to boost after-hours liquidity in the won, after this week’s political crisis triggered a surge in volatility in the currency. When South Korean President Yoon Suk Yeol late Tuesday night shocked the country by briefly imposing martial law, the gap between bid ...
3 days ago
CGSI sets 2025 MSCI Singapore target of 409.3 points
Douglas Toh - CGS International (CGSI) has raised its MSCI Singapore target to 409.3 points for end-2025, pegged to the analysts’ 12-month target price for its component stocks. This translates to 15 times 2025 P/E. The Singapore market is currently trading at 13.6 times 2025 P/E and offers a 4.1% dividend yi ...
3 days ago
Foxconn posts muted monthly sales growth while AI demand slows
APPLE’S major manufacturing partner Hon Hai Precision Industry reported a second consecutive month of single-digit sales growth, raising concerns that demand for...
3 days ago
Equinor, Shell to form UK oil and gas joint venture
Norway’s Equinor and Shell will combine their British offshore oil and gas assets to create a new company owned 50 per cent...
3 days ago
Turkish antitrust authority ends Meta probe over Threads data-sharing
ISTANBUL : Turkey's competition board said on Thursday that it has decided to terminate an investigation of Meta Platforms regarding data-sharing between social media platforms Threads and Instagram.Commitments presented by the company to address competition concerns are sufficient and hence th ...
3 days ago
Investors with US$9.5 tril seek mandatory Scope 3 emissions disclosures
Bloomberg - An influential coalition of pension funds and insurance companies holding a combined US$9.5 trillion ($12.76 trillion) of assets called on regulators to mandate corporate disclosures of so-called Scope 3 emissions. The Net-Zero Asset Owner Alliance said in a report published on Wednesday that requir ...
3 days ago
Prudential Financial promotes Andy Sullivan to CEO, succeeding Lowrey
PRUDENTIAL Financial promoted Andy Sullivan to succeed Charlie Lowrey as chief executive officer amid a broader shakeup of the insurer’s top management...
3 days ago
As geopolitics infects healthcare, private equity can help shape better outcomes: Pictet
The Edge Singapore - The trade war has reshaped global semiconductor supply chains, forcing key players such as Taiwan Semiconductor Manufacturing Co, Intel, ASML and their massive network suppliers to either face curbs in selling or confine their operations to specific locations. While fewer headlines have been spun, t ...
3 days ago
Johor’s transport and security worries being addressed, says Sunway’s Soosay
Goola Warden - It was an opportune time for Gerard Soosay, CEO of Sunway Iskandar, to face local investors. With the Malaysian and Singapore prime ministers’ anticipated retreat on Dec 9 and businesses and people of the two nations looking forward to concrete announcements on the Johor-Singapore Special Economic ...
3 days ago
Demand 'excessive' for Huawei's Mate 70 smartphones, exec tells state media
BEIJING : Huawei's supply chain team is working overtime to meet demand for its new Mate 70 smartphones as supplies they had initially prepared were insufficient, an executive told the state-owned Securities Times newspaper on Thursday. He Gang, Huawei's consumer business group CEO, said r ...
3 days ago
Hyundai Motor India to hike prices across models amid higher costs
Hyundai Motor India said on Thursday it would hike prices across all its models by up to 25,000 rupees ($295.07), as the newly-listed automaker seeks to mitigate the impact of rising costs. The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share s ...
3 days ago
Economists cautious on Hong Kong, Singapore growth next year
Growth in Hong Kong and Singapore for next year may come under pressure as Donald Trump returns to the White House armed...
3 days ago
Bitcoin to outperform as investment opportunities abound despite caveats
Goola Warden - It was a full house at The Edge Singapore’s Year-End Investment Forum on Nov 30 at SGX Auditorium, which saw a lively discussion by panellists Isaac Lim, chief market strategist, Moomoo Singapore; Gerard Soosay, CEO, Sunway Iskandar; Geoff Howie, market strategist, Singapore Exchange S68 (SGX); an ...
3 days ago
Airbus measures to cost about 2,000 jobs, most in space division
Bloomberg - Airbus said the job cuts it announced in mid October will result in 2,043 reductions, more than half of which will occur at its ailing space systems division. The measures will be spread between different country divisions, with Germany taking the biggest hit at 689 positions, followed by 540 in F ...
3 days ago
Hot stock: OKH Global surges 38.9% after proposed acquisition of Chip Eng Seng
Chong Xin Wei - SHARES of OKH Global surged on Thursday (Dec 5) after the group announced that it plans to acquire construction company Chip Eng...
3 days ago
Hot stock: OKH Global surges 38.9% after proposed acquisition of Chip Eng Seng Construction
Chong Xin Wei - SHARES of OKH Global surged on Thursday (Dec 5) after the group announced that it plans to acquire Chip Eng Seng Construction...