1 day ago
Filmgarde Cineplexes exits cinema industry after closing last outlet at Leisure Park Kallang
Filmgarde Cineplexes operated for 18 years.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
BlackRock launches first bitcoin product in Europe
LONDON : BlackRock has launched its first bitcoin exchange-traded product in Europe, in a bid to tap growing demand for cryptocurrency exposure in new markets after attracting more than $50 billion into similar products in the United States.The world's largest asset manager has launched its � ...
1 day ago
Japan's Eneos to halt lubricants production at Yokohama by March 2028
TOKYO : Japan's largest oil refiner, Eneos, said on Tuesday that it will gradually halt production of lubricants and some petroleum products at its Yokohama plant near Tokyo by March 2028, but will consider relocating lubricants output to other facilities.The decision follows a comprehensive re ...
1 day ago
Public Bank’s Teh family scion identified as buyer in record S$94m Tanglin GCB deal
Singaporean Diona Teh Li Shian paid record S$6,197 psf for the bungalow near the Orchard Road shopping belt and various embassies
1 day ago
Rakuten Card aiming for 100 billion yen profit, eyes 1,100 trillion yen B2B market
TOKYO : Japan's largest credit card company, Rakuten Card, is aiming to almost double its annual operating profit to 100 billion yen ($663.7 million) in the medium term and sees opportunity in expanding into the largely untapped business-to-business payments market, its new chief executive offi ...
1 day ago
Exclusive-India eyes tariff cut on $23 billion of US imports, to shield $66 billion in exports, sources say
NEW DELHI : India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs.The South Asian nation wants to mitigate ...
1 day ago
Chocolate Finance takes a S$500 million hit in ‘bank run’; looking to return to business as usual
Benjamin Cher - CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success
1 day ago
Chocolate Finance takes S$500 million hit from 2 weeks’ run of redemptions; looking to return to business as usual
Benjamin Cher - CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success
1 day ago
Chocolate Finance takes S$500 million hit from 2 weeks’ run of redemption; looking to return to business as usual
Benjamin Cher - CEO sees the orderly manner in which platform handled the deluge of withdrawals as a success
1 day ago
Japan's Nikkei snaps losing streak as tariff jitters ease
The index climbed more than 1% and briefly reclaimed the crucial 38,000-point level
1 day ago
Temasek-backed insurance services firm Specialist Risk Group sets up Asia-Pacific hub in Singapore
Ranamita Chakraborty - The region represents the next major growth frontier for the company
1 day ago
UOBAM switches United SSE 50 China ETF's index to track FTSE China A50 index
The Edge Singapore - UOB Asset Management Ltd (UOBAM) has switched the United Shanghai Stock Exchange (SSE) 50 China Exchange-Traded Fund (ETF)’s Index to track the FTSE China A50 Index from today. Consequently, the ETF will be renamed to UOBAM FTSE China A50 Index ETF to reflect the change of index and investment obj ...
1 day ago
AstraZeneca seeks to move past China probe with Beijing R&D hub
Salamat Sanwan - [HONG KONG, LONDON] Ever since AstraZeneca shocked investors in October with news its China chief was under investigation, the British pharmaceutical giant...
1 day ago
Japan's Nomura Real Estate strikes deal with L&G to enter UK housing market
LONDON : One of Japan's largest property developers has struck a deal with Legal & General to build more than 1,000 homes in Britain's rental housing market, where demand for properties far exceeds supply.It's Nomura Real Estate's first foray into the UK rental home market, w ...
1 day ago
Filmgarde Cineplexes shuts down last outlet at Kallang, exits industry
With the cinema bidding farewell, only a few indie cinemas remain in Singapore
1 day ago
Tesla chair Denholm ignores all questions about Musk's focus
Angus Whitley / Bloomberg - Tesla Inc chair Robyn Denholm ignored questions about whether Elon Musk needs to devote more time to the US carmaker as its sales and share price crater. Denholm, who spoke at a financial services conference in Melbourne on Tuesday, said nothing when asked if she was concerned about Musk’s apparen ...
1 day ago
Alibaba’s Tsai warns of 'bubble' in AI data centre buildout
Luz Ding / Bloomberg - Alibaba Group Holding chairman Joe Tsai warned of a potential bubble forming in data centre construction, arguing that the pace of that buildout may outstrip initial demand for AI services. A rush by big tech firms, investment funds and other entities to erect server bases from the US to Asia is st ...
1 day ago
HSBC CEO to double down in Asia, Middle East after exits
Denise Wee and David Ingles / Bloomberg - HSBC Holdings expects to double down on investment banking operations in Asia and the Middle East after exiting key business in Europe and the US, CEO Georges Elhedery said. The bank will focus on debt and other financing activities in Asia as well as mergers and acquisitions and equity capital mark ...
1 day ago
Kingsford to start previews for One Marina Gardens at average price of S$2,850 to S$2,900 psf
Chong Xin Wei - The development has 937 units and a commercial space
1 day ago
Kingsford to start previews for One Marina Gardens at average price of S$2,850 to S$2,900
Chong Xin Wei - The development has 937 units and a commercial space
1 day ago
Vietnam's Vingroup plans renewables and LNG power ventures
HANOI :Vietnam's largest conglomerate Vingroup is seeking to develop renewable energy and liquefied natural gas power plants, the company said on Tuesday, in what would be its first ventures into the energy sector.State-run newspaper VietnamNet had reported that the company was seeking approval ...
1 day ago
Norinchukin becomes latest big Japan bank to quit climate group
[TOKYO] Norinchukin Bank left the banking industry’s largest climate alliance, walking away from a group that’s already been abandoned by US and...
1 day ago
Tesla’s EU sales plunge 49% year-on-year in first two months of 2025: industry body
[PARIS] European sales of Tesla electric cars dropped 49 per cent in January-February compared with the same period a year earlier, the ACEA...
1 day ago
DFI could offer a special dividend after selling Cold Storage, Giant and other units: CGSI
Therese Soh - Analysts forecast a potential special dividend of at least US$0.04 per share
1 day ago
HSBC CEO expects to double down in Asia, Middle East after exits
The bank will incur US$1.8 billion in charges over the next two years because of the global restructuring
1 day ago
India to scrap digital ad tax, easing US concerns
NEW DELHI :India will scrap a tax of 6 per cent on digital advertisements online, the finance minister said on Tuesday, easing costs for U.S. tech giants such as Alphabet's Google, Meta and Amazon as a way of soothing U.S. trade concerns.The move responds to concerns raised by Washington after ...
1 day ago
Citigroup appoints Akira Hoshino as head of markets for Japan
Citigroup appointed Akira Hoshino as the head of markets for Japan on Tuesday, effective immediately.Hoshino, who previously led the foreign exchange and rates sales divisions, will drive business growth and lead the Markets franchise in Japan, the bank said. With over three decades of experience
1 day ago
Malaysia’s Macrovalue is buying Cold Storage and Giant: Who are its owners and what’s the game plan?
Tan Weizhen - Malaysian retail group is equally owned by entrepreneurs Andrew Lim and Gary Yap
1 day ago
Malaysia’s Macrovalue is buying Cold Storage and Giant: Who are the owners and what’s its game plan?
Tan Weizhen - Malaysian retail group is equally owned by entrepreneurs Andrew Lim and Gary Yap
1 day ago
What is Macrovalue – set to purchase Cold Storage and Giant – and who are its owners?
Tan Weizhen - [SINGAPORE] Supermarket and retail operator DFI Retail, which owns Cold Storage and Giant in Singapore, said on Mar 24 that it will...
1 day ago
Cold Storage, Giant customers can expect cheaper products, more variety after takeover, buyer says
The transaction is expected to be completed in the second half of 2025
1 day ago
GKE Corp diversifies into mobile retail venture, mulls eventual spin-off listing
The Edge Singapore - Neo Cheow Hui, CEO of GKE Corporation , jokes that he is becoming more popular among his friends. His logistics and building materials company recently expanded into a new business selling mobile phones, and Neo says he has been receiving calls from friends who want to upgrade their phones. For most ...
1 day ago
India's energy policy stuck between renewables and fossil fuels
The world’s most populous country wants to produce and purchase more oil and gas, while also investing heavily in renewables such as solar and wind power
1 day ago
Indonesia intervenes as rupiah falls to Asian crisis lows
The central bank has intervened in the spot currency, bond markets and in domestic non-deliverable forwards