1 day ago
Singapore stocks rise as US Fed probe revives ‘Sell America’ trade; STI up 0.5%
Jude Chan - The STI adds 22.12 points or 0.5% to close at 4,766.78 points
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Indian rocket launch loses control after liftoff in fresh blow to ISRO
BENGALURU, Jan 12 : An Indian rocket carrying 16 loads of equipment and experiments including an earth surveillance satellite went off track after liftoff on Monday in a fresh setback to the workhorse launch vehicle of the Indian Space Research Organisation.It was a second disappointment for t ...
1 day ago
Sunway to acquire IJM Corp in RM11 bil cash-and-share deal
The Edge Malaysia - Sunway Bhd plans to acquire rival company IJM Corporation Bhd in a cash-and-share deal worth over RM11 billion ($3.48 billion). Under the terms of the proposed deal, each 1,000 shares of IJM Corp entitles its holder to RM315 in cash and 501 Sunway shares. If successful, the combined entity would riv ...
1 day ago
Deloitte proposes tax framework adjustments, AI support in Budget 2026 wish list
Elysia Tan - It also suggests measures to support workers
1 day ago
Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 billion
JAKARTA, Jan 12 : Indonesia's President Prabowo Subianto on Monday inaugurated the $7.4 billion upgrade of Pertamina's Balikpapan refinery, which brought the facility's refining capacity from 260,000 to 360,000 barrels per day, the largest in the country.Indonesia's ...
1 day ago
Reliance halts cell-making plans after failed bid for China tech
Its struggles show that companies asked to make India carbon-zero by 2070 cannot progress without better bilateral ties with Beijing
1 day ago
Oil prices hold near five-week high as investors assess impact of events in Iran and Venezuelan
NEW YORK, Jan 12 : Oil prices held near a five-week high on Monday as concerns Iran may reduce exports during a crackdown on the biggest anti-government demonstrations in years offset expectations supplies could rise from Venezuela, another OPEC member under sanctions.Brent futures rose 8 cents, or ...
1 day ago
Oil dips as investors assess Iran supply, Venezuelan export resumption
LONDON, Jan 12 : Oil prices dipped on Monday, after Iran said it had "total control" following weekend violence, easing some concerns over supply from the OPEC producer, while investors also weighed efforts to resume oil exports from Venezuela.Brent crude futures lost 22 cents, or 0.4 p ...
1 day ago
Beijing looms large over Singapore-based Manus’ deal with Meta
The swift scrutiny shows fears Manus’ sale could spur more tech stars to follow the same path
1 day ago
Sunway bids $2.71 billion for IJM to form Malaysian building 'champion'
Jan 12 : Malaysian conglomerate Sunway launched a takeover bid for IJM Corp on Monday in an attempt to acquire the construction firm for about 11 billion ringgit ($2.71 billion).A deal would combine two sizeable Malaysian builders and property players at a time when contractors are competing for sca ...
1 day ago
Starlink rival Eutelsat orders 340 OneWeb satellites from Airbus
Jan 12 : Eutelsat, the satellite operator backed by the French and the British governments, has placed an order with Airbus for 340 satellites to refresh and extend its OneWeb low-Earth-orbit network, the two companies said on Monday.The additional satellites are intended to keep the service run ...
1 day ago
Britain's JD Sports launches AI commerce in key US market
LONDON, Jan 12 : British sportswear retailer JD Sports Fashion said on Monday customers in the United States, its largest market, will be able to use AI platforms to search for and purchase its products.In the U.S., the group trades from over 2,500 stores across the JD, DTLR, Shoe Palace and H ...
1 day ago
Heineken’s Van den Brink to step down as CEO
He will remain available to Heineken as an advisor for eight months
1 day ago
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model
1 day ago
Dollar drops as US Justice Department subpoenas Fed's Powell
NEW YORK, Jan 12 : The dollar fell on Monday after the U.S. Department of Justice threatened to indict Federal Reserve Chair Jerome Powell over comments to Congress about a building renovation project, raising concerns about the independence of the U.S. central bank and the long-term outlook for the ...
1 day ago
Euro, Swiss franc rally with Fed independence back in spotlight
Jan 12 : The safe-haven Swiss franc and the euro rallied against the dollar after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment, a move that could endanger the greenback's safe-haven status.Powell said the Department of Justice had served th ...
1 day ago
Dollar falls sharply vs euro and Swiss franc following Powell indictment threat
Jan 12 : The dollar on Monday fell sharply against the euro and the Swiss franc while edging lower versus the Japanese yen after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment, a move that could endanger the greenback's safe-haven status. The ...
1 day ago
GIC’s decision to de-risk pre-emptively was a ‘matter of judgment’: Jeffrey Siow
The Senior Minister of State for Finance said that the state investor’s prudent decision at the time led to foregone returns, but it performed within expectations.
1 day ago
China battery shares drop on plan to cut export tax rebates
From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027
1 day ago
South Korea makes checks on increasing US dollar deposits as won falls
[SEOUL] South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank sources...
1 day ago
Indonesia plans to sell first Asian sovereign dollar bond of 2026
The sale comes as Prabowo looks to fund a Budget deficit that risks exceeding 3% of GDP in 2026
2 days ago
UK's IQE forecasts 2025 earnings boost from defence, AI demand
Jan 12 : Britain's IQE expects revenue and adjusted core profit for fiscal 2025 at the upper end of its forecasts, the semiconductor wafer maker said on Monday, with demand driven by the military and defence, AI, data centres, and handset sectors.The company's epiwafers, which are ...
2 days ago
Besi tops market view for preliminary Q4 orders, shares jump
Jan 12 : BE Semiconductor Industries (Besi), one of Europe's largest suppliers of chip assembly equipment, preliminarily reported a 43 per cent sequential rise in fourth-quarter orders on Monday, sending its shares 7 per cent higher in early trading.The Dutch company said orders should reach 25 ...
2 days ago
BESI reports preliminary orders worth 250 million euros for Q4
Jan 12 : BE Semiconductor Industries, one of Europe largest suppliers of chip assembly equipment, preliminarily reported a sequential rise in fourt-quarter orders on Monday.The Dutch company said orders should reach 250 million euros ($292 million) in the final quarter of 2025, up from 174. ...
2 days ago
Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026
2 days ago
KGI projects 76% upside for PC Partner, initiates coverage on the back of gaming and AI hardware catalysts
Lin Daoyi - On Jan 8, KGI Securities analyst Chong Ting Shuo initiated coverage on Mainboard-listed PC Partner with an “outperform” recommendation and target price of $1.73. With the counter closing at $1.02 on Jan 7, Chong projects an upside of 76% including dividends. Headquartered in Singapore since Nove ...
2 days ago
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East
2 days ago
Apple leads global smartphone market with 20% share in 2025, says Counterpoint
Jan 12 : Global smartphone shipments rose 2 per cent year-on-year in 2025, lifted by stronger demand and economic (?) momentum in emerging markets, Counterpoint Research said on Monday.Apple led the market with a 20 per cent share, the largest among the top five brands, supported by solid d ...
2 days ago
Government took action on IP riders after spotting potential ‘serious market failure’: Ong Ye Kung
Benjamin Cher - Private hospital IP rider premiums have grown at an average of 17% annually for the past three years, double that of IP...
2 days ago
Disputes and insolvency lawyer Danny Ong appointed sole Senior Counsel for 2026
Tessa Oh - He is the founder and managing director of Setia Law, a boutique Singapore law firm
2 days ago
Demand for AI, tech experts pushes UK financial sector vacancies up 12%, recruiter says
LONDON, Jan 12 : Demand for workers in AI, regulation, data reporting and other specialist skills drove vacancies in Britain's financial sector up 12 per cent in 2025, recruiting firm Morgan McKinley said on Monday, as companies sought to keep up in a technology arms race.The year-on-y ...
2 days ago
Europe and China’s feud over chips is reaching a breaking point
Nexperia’s operations are set up for an era of seamless global commerce
2 days ago
Oil edges up as Iran supply risk counters Venezuela export resumption
Investors are also watching potential supply disruptions from Russia
2 days ago
Oil edge up as Iran supply risk counters Venezuela export resumption
Investors are also watching potential supply disruptions from Russia