Business Headlines & Singapore Stock Market News

2 days ago

HSBC retreats from riskier private credit lending: FT

Some big banks are raising rates for the leverage they provide, and they are also marking down specific loans posted as collateral

2 days ago

Meta says US states are seeking US$1.4 trillion in penalties for violating child safety law

The trial is due to start in August

2 days ago

Beijing bolsters Hong Kong bond, gold trading in global renminbi push

China would further deploy its foreign exchange reserves into Hong Kong’s financial markets

2 days ago

China’s central bank unveils new measures to cement Hong Kong’s renminbi hub status

The new policies are strengthening the city’s position as a gateway for foreign investors looking at the country

2 days ago

SMU launches capital markets initiative; chairman Piyush Gupta says market growth takes sustained reforms

Ranamita Chakraborty - Singapore Capital Markets Initiative will also foster collaboration among ecosystem players

2 days ago

Singapore to speed up cross-listing of foreign ETFs with 3-month approval target

Tan Nai Lun - This will lead to a wider range of exchange-listed products available to investors here: SGX

2 days ago

Chinese firms leave Nvidia for local AI suppliers, survey shows

Tencent, Alibaba and Huawei Technologies are among the players best-positioned to take advantage of the shift

2 days ago

Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial

July 6 : Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety.Meta put forward the figure in its response to t ...

2 days ago

Vietnam’s island megaproject races towards Apec deadline, but demand test looms

Sun Group is betting big on Phu Quoc infrastructure to sustain visitor momentum beyond the summit

2 days ago

CGSI, citing subdued job market, maintains 'hold' call on HRnetGroup

The Edge Singapore - Tan Jie Hui and Lim Siew Khee of CGS International have kept their "hold" call on HRnetGroup, along with the same target price of 78 cents, given how earnings growth should remain subdued for the employment agency amid a soft hiring environment. Singapore's job market has shown signs ...

2 days ago

DBS initiates UOB Kay Hian coverage with ‘buy’, S$4.80 target price

Shikhar Gupta - UOBKH investors can look forward to a dividend yield of about 4%, says the research house

2 days ago

SK Hynix to bring ADR funds to South Korea by around July 15, source says

SEOUL, July 7 : SK Hynix is expected to bring U.S. dollars into the country by around July 15, converting a part of the funds it raises in its offering of American depositary receipts (ADRs) into the won, a source familiar with the matter said on Tuesday.The South Korean chipmaker launched a U.S. sh ...

2 days ago

Hong Kong begins trial operation of New gold clearing system

Spot gold was trading near US$4,140 an ounce at 9.30 am Hong Kong time

2 days ago

Samsung, SK Hynix fall over 8% as Asian stocks decline on tech weakness

The MSCI Asia Pacific Index slips 1.2% as the Kospi index sheds 6.7%

2 days ago

Asian stocks fall on tech weakness; Samsung, SK Hynix over 8% down

The MSCI Asia Pacific Index slips 1.2% as the Kospi index sheds 6.7%

2 days ago

Asian stocks fall on tech weakness; Korean chipmakers Samsung, SK Hynix retreat

The MSCI Asia Pacific Index slips 0.6% as the Kospi index sheds 4.3%

2 days ago

LG Energy profit misses estimates as slow EV demand hits

The company has been accelerating its expansion into the fast-growing energy storage market

2 days ago

Stocks slip; Samsung's record profit revives jitters on AI outlook

LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics forecast a 19-f ...

2 days ago

Stocks stumble as tech slides despite Samsung's record profit; oil rises

2 days ago

Stocks ease despite upbeat Samsung forecast, yen languishes

TOKYO, July 7 : Asian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation.Samsung Electronics, the world's largest ...

2 days ago

DBS, OCBC and UOB shares hit all-time highs as sentiment improves

Shikhar Gupta - DBS climbs 2.7% to a record S$68.72 after Citi lifted its target prices for all three banks

2 days ago

DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

Shikhar Gupta - The counter climbs to a high of S$68.20

2 days ago

DBS shares rise 1.8% to hit all-time intraday high as sentiment improves

Shikhar Gupta - The counter climbs to S$68.14

2 days ago

RHB calls recent drop in Raffles Medical shares an 'attractive' entry point

The Edge Singapore - Raffles Medical's share price, since its recent peak of $1.07 in February, has dropped more than 13% since. From the perspective of Shekhar Jaiswal of RHB Bank Singapore, this recent de-rating is "an attractive entry point" ahead of the company's 1HFY2026 earnings to be reported ...

2 days ago

Carousell turns Ebitda-positive in FY2025 as recommerce powers growth

Benjamin Cher - Revenue for FY2025 grows 18% to US$141 million from US$119.3 million in FY2024

2 days ago

Traders are most positive on the US dollar since 2015 as Fed hike looms

Wagers on a stronger greenback swell to nearly US$40 billion as at Jun 30 – the highest amount in over a decade

2 days ago

UOBKH ‘Alpha Picks’ lag STI on weakness in small and mid-caps in June; UIBREIT added for July

Shikhar Gupta - The Singapore portfolio falls 8.2% on an equal-weighted basis while the STI gains 2.6%

2 days ago

UOBKH ‘Alpha Picks’ lag STI on SMID weakness in June; UIBREIT added for July

Shikhar Gupta - The Singapore portfolio falls 8.2% on an equal-weighted basis while the STI gains 2.6%

2 days ago

Hedge funds turn most negative on the Japanese yen since 2007

Leveraged traders boosted wagers on further losses in the currency to nearly 138,000 contracts as of Jun 30

2 days ago

Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

Meera Pathmanathan - The Republic remains attractive due to its stable political climate, resilient economy and strong currency

2 days ago

Australia's WiseTech co-founder Richard White steps down as executive chair

July 7 : Australia's WiseTech Global said on Tuesday that co-founder Richard White would step down as executive chair, effective immediately, while Raelene Murphy had been appointed independent chair.Murphy, who joined the logistics software provider's board at the start of the year, was n ...

2 days ago

Gold slips for second day as Hormuz tensions fan inflation fears

The metal is trading in a relatively narrow range

2 days ago

Gold steadies as traders look to Fed for interest-rate outlook

Bullion is around a fifth lower than immediately prior to the war in the Middle East

2 days ago

Stocks to watch: DFI Retail Group, Banyan Group

Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 7):

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers