1 day 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
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day 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
1 day 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
1 day 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 ...
1 day 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...
1 day 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 ...
1 day 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 ...
1 day ago
JPMorgan Chase cuts off Anthropic access for its Hong Kong staff, FT reports
June 18 : JPMorgan Chase has stopped its staff in Hong Kong from accessing Anthropic’s AI models, in a sign of intense scrutiny on the technology’s use outside the U.S., the Financial Times reported on Thursday, citing three people familiar with the matter. Reuters could not immediately verify t ...
1 day ago
Indonesia, Philippines set to hike rates as caution prevails: Bloomberg survey
Both economies have been hit by the steep increase in global oil prices
1 day ago
Indonesia, Philippines set to hike rates as caution prevails
Both economies have been hit hard by the steep increase in global oil prices
1 day ago
Japan intervention risk mounts as yen drops to lowest since 2024
The latest move in the currency also comes despite a record 11.7 trillion yen intervention by authorities from Apr 28 to May...
1 day ago
Electricity tariff to rise significantly from July despite Iran deal: EMA
Singapore is highly dependent on imports for its energy needs, and imported natural gas accounts for 95% of electricity production
1 day ago
Vodafone Australia network outage hits thousands, services being restored
June 18 : Vodafone Australia said on Thursday that many customers experienced intermittent network issues after an outage at one of its network hubs, adding that the problem had been resolved and services were being progressively restored.More than 8,000 customers reported facing network issues earl ...
1 day ago
Lululemon apologises after Great Wall drum sparks China backlash
Social media users object to the use of a Japanese drum at a site widely viewed as a symbol of Chinese national...
1 day ago
South Korea market watchdog issues warning on leveraged stock investments
SEOUL, June 18 : South Korea's financial market regulator issued on Thursday an investor warning on single-stock leveraged investment products recently introduced amid a world-beating, chipmaker-led rally in the domestic market. "With stock market volatility increasing recently, there have ...
1 day ago
Apple to raise prices due to memory chip shortage: CEO Cook
Memory and storage costs are both concerns for the company, with particular emphasis on the DRAM market
1 day ago
Japan vows to act 'any time' on yen as markets brace for intervention
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves at any time, the government's top spokesperson said on Thursday as the yen's renewed slide tests Tokyo's resolve to prop up the sagging currency."We are ready to respond appropriately to currency move ...
1 day ago
Japan ready to respond 'appropriately' to yen moves, government spokesperson says
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves, the government's top spokesperson said on Thursday as the yen's renewed slide tests Tokyo's readiness to intervene in the market to prop up the sagging currency."We are ready to respond appropriately ...
1 day ago
KKR bets US$1.4 billion on aircraft leasing as Boeing and Airbus supply shortages boost demand
Since 2018, the private equity firm and Altavair have acquired 188 aircraft and engine assets
1 day ago
KKR bets US$1.4 billion on aircraft leasing, eyes airlines, Boeing and Airbus
Since 2018, the private equity firm and Altavair have acquired 188 aircraft and engine assets
1 day ago
Onitsuka Tiger pivots from Asics stripes to tap luxury market
By Eru Ishikawa, Yui Hasebe and Shery Ahn / Bloomberg - Onitsuka Tiger is looking at life beyond its famous stripes as the footwear brand prepares to transform into a luxury lifestyle label distinct from Asics Corp. The 77-year-old sneaker maker is set to be spun off from parent Asics on Jan 1 to capitalise on a resurgence in interest for retro aesthetic ...
1 day ago
Hillhouse seeks US$600 million loan to fund data centre operator DayOne investment: sources
The move highlights the massive funding financial institutions must provide for DayOne’s global expansion
1 day ago
Singapore’s Carro enters Australia market with acquisition of used-car platform CarPlace
Chloe Lim - Deal marks Singapore unicorn’s eighth market in the Asia-Pacific
1 day ago
Carro enters Australia market with acquisition of used-car platform CarPlace
Chloe Lim - Deal marks Singapore unicorn’s eighth market in the Asia-Pacific
1 day ago
Australia probes private credit lenders, warns on valuations
The real estate sector is a major borrower in the roughly A$200 billion industry in the country
1 day ago
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Shikhar Gupta - Brokerages, including UOBKH and RHB, are moving to upgrade battered plantation stocks across the board
1 day ago
Palm oil stocks set to surge as Indonesia said to be scaling back latest export overhaul: analysts
Shikhar Gupta - Brokerages, including UOBKH and RHB, are moving to upgrade battered plantation stocks across the board
1 day ago
Palm oil stocks set to surge as Indonesia reportedly to scale back export grip: analysts
Shikhar Gupta - Brokerages, including UOBKH and RHB, are moving to upgrade battered plantation stocks across the board
1 day ago
Stocks slip as Fed rate outlook offsets optimism over Iran deal
LONDON, June 18 : Global stocks were torn on Thursday between concern about the rising chances of a U.S. rate hike this year after the Federal Reserve's meeting and optimism over the reopening of the Strait of Hormuz.The United States and Iran on Wednesday released the text of their agreement, ...
1 day ago
Asian stocks steady, oil lower as US and Iran sign peace deal
TOKYO, June 18 : Asian stocks were steady and oil prices dipped on Thursday as investors assessed progress toward ending the war in the Middle East after the presidents of the U.S. and Iran signed an interim peace deal, though uncertainties still hovered. Both countries released the text of the agre ...
1 day ago
HSBC’s Australia unit to pay A$35 million fine over scam protection failures, court rules
The proposed settlement remains subject to approval by the Federal Court
1 day ago
HSBC’s Australia unit faces A$35 million penalty over scam protection failures
The proposed settlement remains subject to approval by the Federal Court
1 day ago
Dollar hits one-year high on Fed hike bets; Japan warns on yen
HONG KONG, June 18 : The U.S. dollar rose to its highest in more than a year on Thursday after a hawkish hold from the Federal Reserve triggered bets on rate hikes, while yen weakness drew verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent to 3.75 per ...
1 day ago
Dollar hovers near two-month high on Fed hike bets; Japan warns on yen
HONG KONG, June 18 : The U.S. dollar hovered close to a two-month high on Thursday after a hawkish hold from the Federal Reserve triggered bets on rate hikes, while yen weakness drew verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent to 3.75 per cent r ...