1 day ago
Philippines mulls rate cut to spur demand after scandal hit
The policymaking Monetary Board is scheduled to meet on Dec 11
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region
1 day ago
Starbucks Malaysia operator sees business rebound after boycotts
The brand overhang from geopolitical tensions may continue suppressing demand in the near term, delaying a return to pre-boycott performance levels
1 day ago
CDL to divest Bespoke Hotel Osaka Shinsaibashi for $117 mil
Felicia Tan - City Developments Limited, through its indirect wholly-owned subsidiary, M&C Sakura TMK, has entered into a purchase and sale agreement with Real Estate funds managed by Blackstone, to divest the Bespoke Hotel Osaka Shinsaibashi in Japan for JPY14 billion ($117 million). CDL had acquired the hot ...
1 day ago
Asia: Markets advance as odds for another Fed rate cut grow
Tech firms have enjoyed a revival after suffering a period of selling in recent weeks
1 day ago
The new Bitcoin and Ethereum perpetual futures on SGX: How do they work?
Shikhar Gupta - They aim to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems
1 day ago
The new Bitcoin and Ethereum futures on SGX: How do they work?
Shikhar Gupta - They aim to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems
1 day ago
What are Bitcoin, Ethereum futures that just launched on SGX, and how do they work?
Shikhar Gupta - They aim to meet rising institutional crypto demand by linking traditional finance and crypto-native ecosystems
1 day ago
Moscow, Beijing discuss Russian oil exports boost
Russia has been discussing with Chinese partners the possibilities of expanding oil exports to China
1 day ago
Major Indonesia nickel plant cuts output as waste piles up
HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid
1 day ago
Syngenta is said to mull Hong Kong IPO after Shanghai pulled
A big chunk of the offerings come from Chinese companies pursuing a second listing in the city to help support their overseas...
1 day ago
BMW mulls adding range-extending engines to EV models in China
The company may become the first German automaker to offer the technology that’s not yet widely available in Europe
1 day ago
Tng of CGS International keeps 'add' call on Sanli Environmental but trims target price following $10 mil placement
The Edge Singapore - William Tng of CGS International has trimmed his target price for Sanli Environmental from 51 cents to 47 cents, to take into account a larger share base following a $10 million placement. On Nov 24, the engineering firm announced its plans to issue 38.5 million new shares at 26 cents each, a price ...
1 day ago
Gold holds steady as rising US rate-cut bets offset dollar strength
Investors are now pricing in an 81% chance of a Fed rate cut in December
1 day ago
Grab-backed digital lender Superbank targets up to 3.1 trillion rupiah in December IPO
Elisa Valenta - The bank lends to underserved consumers and SMEs through digital channels, leveraging Grab’s data
1 day ago
Analysts stay bullish on CSE Global following 3QFY2025 business update and potential DC projects win ahead in 4QFY2025
Teo Zheng Long - Analysts from UOB KayHian, RHB Bank Singapore and CGS International are keeping their respective “buy” calls for CSE Global following the recent 3QFY2025 business update. In their report dated Nov 24, both John Cheong and Heidi Mo from UOB KayHian have maintained their “Buy” call on CSE Glob ...
1 day ago
Citigroup India nears US$1 billion book of asset backed securities
Rising interest cycle makes existing securities less attractive
1 day ago
China’s AI promise lures top Asia fund away from South Korea, Taiwan
Investments by leading Chinese cloud services providers are expected to rise 20% next year
1 day ago
New owners to revive fish farms vacated by troubled Apollo, Barramundi groups
The building at Neo Tiew Crescent in Lim Chu Kang will be used to grow vannamei prawn and food fish
1 day ago
Bank of Korea to hold rates at 2.50% on November 27, cut pushed to next quarter: Reuters poll
BENGALURU :The Bank of Korea will keep its key interest rate unchanged at 2.50 per cent on Thursday as policymakers grapple with a volatile currency and an overheated housing market, according to a majority of economists in a Reuters poll who have pushed the next predicted rate cut to early next yea ...
1 day ago
Singapore banks’ capital can take 3% loss rate on data centre loans in worst-case scenario, says Bloomberg Intelligence
Felicia Tan - Singapore banks will be able to “easily absorb” a 3% loss rate on data centre loans should the worst happen, says Rena Kwok of Bloomberg Intelligence. “Singapore banks have solid capital cushions that could, if necessary, absorb significantly higher default rates to lending to data centres, ou ...
1 day ago
Google, Accel partner to back Indian AI startups
BENGALURU :Alphabet's Google and venture capital firm Accel will partner to fund at least 10 early-stage Indian AI startups, marking the U.S. technology giant's first such funding partnership, top executives at the companies said on Thursday.The move comes as several U.S. tech firms like M ...
1 day ago
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as...
1 day ago
Stocks to watch: Keppel, CapitaLand Investment, CDL Hospitality Trusts, UOB, Wee Hur
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 25):
1 day ago
Amazon pushes in-house AI coding tool Kiro over competitors', memo shows
SAN FRANCISCO :Amazon suggested its engineers eschew AI code generation tools from third-party companies in favor of its own, a move to bolster its proprietary Kiro service, which it released in July, according to an internal memo viewed by Reuters.In the memo, posted to Amazon's internal news ...
1 day ago
UOB prices 850 million euro bonds due 2030 at 2.718%
Shikhar Gupta - They are expected to be listed on the Singapore Exchange on Dec 1
1 day ago
Asia tycoon backs US$1.5 billion AI bet with private credit fund
Koo Sr is a fourth-generation member of the Koo dynasty and controls a stake worth more than US$400 million in Chailease
1 day ago
UOB prices EUR850 mil worth of fixed rate covered bonds due 2030
Felicia Tan - United Overseas Bank (UOB) has priced EUR850 million ($1.28 billion) worth of fixed rate covered bonds. The bonds carry a coupon of 2.718% per annum and are payable annually in arrears. The bonds will be issued as the 13th series under the bank’s US$15 billion ($19.58 billion) global covered bond ...
1 day ago
Bolt partners with Pony.ai for driverless cars in Europe
STOCKHOLM :Estonian ride-hailing company Bolt said on Tuesday it has partnered with Chinese autonomous driving firm Pony.ai as it seeks to add driverless cars to its taxi services in Europe.The companies will first test and validate safety for the fully autonomous, driverless capability before deplo ...
1 day ago
Huawei maps out blueprint for building AI banks
Nurdianah Md Nur - Nearly four in five banks (78%) are exploring agentic AI, or autonomous systems capable of executing complex tasks with minimal human input, according to the International Data Corp. One of the main drivers is the push for hyper-personalisation at scale, a goal that challenges banking's long-st ...
1 day ago
Trump signs ‘Genesis Mission’ order to boost innovation with AI
The president is preparing an executive order that would allow the Department of Justice to sue states over AI regulations it deems...
1 day ago
Spotify to raise US prices in first quarter of next year, FT reports
Spotify will raise its U.S. subscription prices in the first quarter of next year, the Financial Times reported on Monday, citing three people familiar with the matter.The Swedish streaming giant said in August it would raise prices to 11.99 euros ($13.82) per month from 10.99 euros in markets inclu ...
1 day ago
Trump weighing advanced Nvidia chip sales to China, Lutnick says
The company remains shut out of the Chinese market for AI chips
1 day ago
Thinking big: E50 winners pursue growth amid economic storms
Tessa Oh - This year’s winners demonstrate how Singapore’s small to mid-sized companies are staying competitive by seeking new markets, customers and strategic capital to...