2 days ago
First Saudi supertankers start crossing Hormuz after deal
More than 100 oil tankers were trapped in the strait due to the war
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Singapore reclaims top spot in IMD world competitiveness ranking as business efficiency improves
Deon Loke - The Republic last held the top spot in 2024
2 days ago
Blackstone’s AirTrunk seeks A$4.3 billion loan for Sydney data centre project
Banks have been approached to underwrite the five-year deal, sources say
2 days ago
South Korea to keep fuel price ceilings as US-Iran deal impact assessed, media reports
SEOUL, June 18 : South Korea will keep its current fuel price ceilings in place until there is more clarity on a U.S.-Iran agreement and its impact on global oil markets, local media reported on Thursday.Yang Gi-wook, a senior industry ministry official, told a briefing that the government would dec ...
2 days ago
Evonik to cut 3,200 jobs worldwide by 2029, as it extends restructuring programme
EVONIK Industries will cut 3,200 jobs worldwide by the end of 2029, including 2,150 positions in Germany, the German chemicals group said...
2 days ago
BeeX, SIT launch test site for AI underwater inspection systems
Nurdianah Md Nur - Singapore’s maritime robotics start-up BeeX has launched a test site with the Singapore Institute of Technology (SIT) to accelerate the development of AI-enabled underwater drones for infrastructure inspection, environmental monitoring, and coastal protection. Called the Autonomous Marine Foundry ...
2 days ago
South Korea’s Kospi index tops 9,000 as chipmakers hit records
Samsung Electronics rises 4.62% and SK Hynix gains 6.51%
2 days ago
CGSI reiterates ‘add’ call with higher target price of $5.20 on SATS
Teo Zheng Long - Both Tay Wee Kuang and Lim Siew Khee from CGS International have reiterated their “add” call on SATS (SGX: S58 ) following the recent non-deal roadshow (NDR) organised by the brokerage house. During the NDR, SATS’ management team attributed the outperformance in cargo tonnage handled against g ...
2 days ago
How India sparred with Telegram days ahead of blocking the app
NEW DELHI, June 18 : India privately rebuked Telegram for not proactively removing accounts offering purported leaked exam papers while the company accused New Delhi of misrepresenting meeting records, an impasse that led to an unprecedented ban of the app, documents show. Telegram has challenged th ...
2 days ago
OCBC launches free ESG tool for more sustainable SMEs and supply chains
Lin Daoyi - Small and medium enterprises (SMEs) from Singapore, Malaysia, Hong Kong and Indonesia may now tap OCBC PULSE, a free environmental, social and governance (ESG) tool by OCBC to assess sustainability readiness. Individual SMEs may independently access the online tool while large firms, including liste ...
2 days ago
European shares subdued on Fed rate-hike bets
Tech stocks gained 0.6 per cent
2 days ago
Indonesia central bank raises policy rates again to support rupiah
It raised the seven-day reverse repurchase rate to 5.75 per cent, the highest level since May 2025
2 days ago
Indonesia central bank raises rates by 25 basis points
It raised the seven-day reverse repurchase rate to 5.75%, the highest level since May 2025
2 days ago
Nikkei gauge crosses 71,000 on US-Iran peace deal
Chip-related shares led the Nikkei’s gain
2 days ago
Japan bank lobby warns of potential service disruptions due to AI-enabled cyberattacks
TOKYO, June 18 : Japanese lenders may be forced to suspend services such as ATMs and online banking if sophisticated AI models end up posing a serious threat to the banking system, said the chair of the country's banking lobby.Frontier AI systems, such as Anthropic's Mythos, can quickly id ...
2 days ago
Top Glove quarterly profit surges 138% on cost control measures
The company benefits from a diversified supplier network across multiple countries
2 days ago
BESI raises long-term revenue, margin targets as demand increases
June 18 : Dutch semiconductor equipment maker BE Semiconductor Industries (BESI) on Thursday raised its long-term revenue and operating margin targets, citing improved order momentum and stronger demand for data centre and photonics applications.BESI stock has risen over 100 per cent since the begin ...
2 days ago
Orchid Hotel in Tanjong Pagar sold for about S$273 million
Kalpana Rashiwala - The buyer is a JV between a local developer and Westmont Hospitality; hotel is expected to be rebranded
2 days ago
JP Morgan says likelihood of CLI-Mapletree merger has diminished
The Edge Singapore - JP Morgan’s analysts were in Australia recently, on a marketing trip. Among the topics that came up for discussion were the CapitaLand Investment (CLI) and Mapletree Investments merger, catalysts for UOL Group and its subsidiary Singapore Land Group, City Developments’ (CDL) strategic review, an ...
2 days ago
Asian currencies likely to stay under pressure as new Fed regime keeps rates steady
Tan Nai Lun - But US-Iran deal over the Middle East likely to keep US dollar appreciation in check
2 days ago
Trump says Apple to partner with Intel on US chip design, production
The partnership helps Apple to diversify its manufacturing base as it seeks additional chip capacity
2 days ago
EQT buys Berlin-based SpaceX satellite launch partner Exolaunch
LONDON, June 18 : Private equity fund EQT is acquiring Berlin-based space company Exolaunch, which helps satellite companies launch into orbit by partnering with rocket operators such as Elon Musk's SpaceX.The deal, announced by the companies Thursday, highlights strong investor interest in the ...
2 days ago
Philippine central bank raises policy rate by 25 basis points
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points for a second time in a row on Thursday and left the door open to additional tightening as inflation pressures remain strong.Governor Eli Remolona said the central bank would consider larger rate increases, ...
2 days ago
Philippine central bank raises policy rate by 25 basis points, as expected
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points to 4.75 per cent on Thursday, it said in a statement.Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its overnight borrowing rate by 25 basis points. Five others p ...
2 days ago
Indonesia's energy minister says government working to secure coal supply for state utility
JAKARTA, June 18 : Indonesia's Energy and Mineral Resources Minister said on Thursday that the government is working to ensure that coal supplies to state power utility Perusahaan Listrik Negara (PLN) remain stable after reports of blackouts.Here are some details:• Energy minister Bahlil Laha ...
2 days ago
F1 sponsorship could give BYD lower-risk route to global recognition
The EV giant could potentially sponsor a midfield or back-of-the-pack team at a lower cost than a top-tier team
2 days ago
China seeks to curb 'unfair' competition in food delivery sector
Under the new rules, platforms may not "indirectly coerce" merchants into participating in subsidy schemes through allocation of user traffic, and must not force merchants and delivery drivers to bear the costs of subsidies.
2 days ago
Inflation, energy, markets: What’s next after US-Iran peace deal
Shikhar Gupta - Despite the MOU, which includes a US$300 billion fund, uncertainty still lies ahead, say analysts
2 days ago
Asian refiners brace for surge in Persian Gulf oil after US-Iran ceasefire agreement
Around 31 supertankers are stuck inside the Persian Gulf, according to a data
2 days ago
Starbucks to add up to 100 India stores a year as coffee booms
The chain has doubled down on the country of more than 1.4 billion people as it searches for new avenues of growth
2 days ago
Drone strikes beyond the battlefield pump up market for technology to repel them
BERLIN, June 18 : Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive craft to defend airports and infrastructure against new aerial threats.Drone technology has caused upheaval at airports f ...
2 days ago
Hormuz oil flows may recover to only 70% after Iran war: Goldman
OIL flows going through the Strait of Hormuz may recover to only about 70 per cent of their prewar level, according to...
2 days ago
Trump says Apple to work with Intel to manufacture chips in US
June 18 : U.S. President Donald Trump said in a Truth Social post on Thursday that Apple had agreed to work with Intel to design and build its chips in the United States.Intel had reached a preliminary deal to make some chips for Apple, following discussions that went on for more than a year, the Wa ...
2 days ago
Exclusive-UK in advanced talks with Nissan over Sunderland plant support, sources say
TOKYO/LONDON, June 18 : The British government is in advanced talks with Japanese carmaker Nissan about providing it financial support in return for a long-term commitment and investment in its Sunderland plant, five sources with knowledge of the discussions said. Any funding for the struggling auto ...