Business Headlines & Singapore Stock Market News

2 days ago

Seven & i delays listing of North America business

2 days ago

ESR clinches US$850 million in equity for logistics real estate, data centre growth

Therese Soh - This comes amid the company’s long-term strategic transformation into a more focused business

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Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit

TOKYO, April 9 : The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 29.4 per cent just before the Middle East crisis roiled global markets and supply chains, and raised its full-year forecast. Fast Retailing said its operating profit was 189.8 billion yen ($1.19 ...

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Foreign investors pour 3 trillion yen into Japanese stocks on return after three weeks

JAPANESE stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of...

2 days ago

Japan's consumer mood worsens as Iran war clouds chance for April rate hike

TOKYO, April 9 : Japan's consumer confidence worsened in March at a pace unseen since the COVID-19 pandemic in 2020, a government survey showed, swelling the toll on a fragile economy from soaring fuel costs caused by the Middle East conflict.The findings underline recent data fleshing out the ...

2 days ago

Japan's consumer mood worsens in March as Iran war bites

TOKYO, April 9 : Japan's consumer confidence worsened in March for the first time in three months, a government survey showed on Thursday, adding to growing signs that soaring fuel costs from the Middle East conflict were taking a toll on the fragile economic recovery.An index measuring consume ...

2 days ago

Kia delays launch of software-focused cars, unveils big hike to investment plans

SEOUL, April 9 : South Korea's Kia Corp said on Thursday it had pushed back plans to build "software-defined vehicles" by one year to 2028, and announced a hefty hike in investment plans, underscoring its struggles to catch up with the likes of Tesla.Shares in the automaker tumbled on ...

2 days ago

Kia boosts investment plan by 30% over the next four years; shares fall

SEOUL, April 9 : South Korean automaker Kia Corp plans to boost its investment plan over the next four years by 30 per cent to boost vehicle electrification, software and other new businesses, according to an investor presentation on Thursday. The company plans to raise its investments to 41.4 trill ...

2 days ago

South Korea's Kia slashes long-term EV target by a fifth

SEOUL, April 9 : South Korea's Kia Corp on Thursday cut its 2030 target for electric vehicle sales by about 20 per cent to 1 million, reflecting weaker demand and the scrapping of EV subsidies in the U.S. last year.Shares in the automaker slid, trading down 4.2 per cent after earlier having ris ...

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South Korea's Kia cuts 2030 EV target over 20%, plans humanoid robots at US factory

SEOUL, April 9 : South Korea's Kia Corp said on Thursday that it aims to sell 1 million electric vehicles (EVs) by 2030, lowering its earlier target by about 20 per cent from 1.26 million announced last year, reflecting weaker EV demand and the impact of the U.S. scrapping EV subsidies last yea ...

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Arm CEO Haas in line to lead much of parent SoftBank's international business, FT reports

April 9 : Chip designer Arm's CEO Rene Haas is in line to lead much of parent SoftBank Group's international business while keeping his current role at Arm, the Financial Times reported on Thursday, citing multiple people familiar with the matter. SoftBank and Arm, which is majority-owned ...

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OVHcloud launches new unit to meet demand from European militaries

April 9 : France's OVHcloud is creating a dedicated defence vertical after several European defence ministries approached it to support their military digital transformation, the datacentre operator said on Thursday.Their needs include AI-augmented command, drone orchestration and communication ...

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Sheng Siong, DBS among winners from Singapore’s S$1 billion energy support package: RHB

Deon Loke - Most direct equity beneficiaries are in consumer staples and heartland retail, it says

2 days ago

Samsung family member is said to sell up to 3.1 trillion won in shares

The seller is also conducting a sale of 206,633 preferred shares, according to the terms

2 days ago

Hilton inks agreement with Regenta Hotels to sign, open 125 Hampton by Hilton hotels in India

Jovi Ho - New York-listed hospitality chain Hilton has signed an agreement with Regenta Hotels to sign and open 125 Hampton by Hilton hotels in India. According to an April 8 announcement, the partnership accelerates Hilton’s upper-mid-scale expansion in India, where rising domestic travel and growing deman ...

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BOJ chief says Japan's financial conditions remain accommodative

TOKYO, April 9 : Bank of Japan Governor Kazuo Ueda said on Thursday real interest rates are clearly negative and keeping the country's financial conditions accommodative."There is a possibility increased fiscal spending could crowd out private investment by pushing up market interest rates ...

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Australian pensions suffer worst month since 2022 on Iran War

While shares have rebounded in April, markets were back on edge by Apr 9

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Foreign investors pour $18.65 billion into Japanese stocks on return after three weeks

April 9 : Japanese stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of selling, with investor sentiment stabilizing ahead of a ceasefire in the Iran war.Foreigners invested a net 2.96 trillion yen ($18.65 billion) into Japanese sto ...

2 days ago

ESR secures US$850 million from existing shareholders to fund Asia growth

The company says that it serves more than 1,500 logistics customers

2 days ago

China tankers join line to test Hormuz exit and US-Iran ceasefire

A successful crossing is not yet guaranteed, as several vessels have turned back at the last moment

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Goldman Sachs lowers second-quarter 2026 oil price forecasts

April 9 : Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-week ceasefire.Previously, the bank forecast Brent and West Texas Intermediate (WTI) oil prices to average $9 ...

2 days ago

Time to buy US AI, tech names if Middle East de-escalation holds, say analysts

Chloe Lim - Singapore will also be the first to see clear benefits as AI comes to fore in Asia

2 days ago

URA puts up two prime condo sites at Newton, River Valley for sale

Ry-Anne Lim - They are expected to yield 785 new private homes in total

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Japan Finance Minister flags impact of cross-market volatility on interest rates

TOKYO, April 9 : Japanese Finance Minister Satsuki Katayama said on Thursday recent market turmoil has underscored how sharply interest rates can be driven by volatility spilling over from other markets, a dynamic she said had become too significant to overlook."Financial markets have seen an e ...

2 days ago

Malaysian tycoon Syed Mokhtar said to mull property company IPO

WM Senibong develops property including luxury homes in Malaysia’s Johor state

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SBF refreshes TAC Alliance; new capability framework, corporate governance badge unveiled

Low Youjin - This will help trade associations and chambers better navigate a more volatile operating environment, says SBF

2 days ago

SBF refreshes TAC Alliance with new capability framework, corporate governance badge

Low Youjin - This will help trade associations and chambers better navigate a more volatile operating environment, says SBF

2 days ago

US court expedites Anthropic's legal battle with Department of Defense

The ruling stems from the Pentagon designating Anthropic, creator of the Claude AI model, as a national security supply chain risk - a label typically reserved for organisations from unfriendly foreign countries.