1 day ago
Jardine Matheson targets 5% annual dividend growth, launches US$500 million share buyback
Chloe Lim - It is also eyeing annualised total shareholder return of at least 9% over the next five years
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Hong Kong market faces pressure as HK$255 billion in locked shares expire in July
The potential wave of selling poses an additional headwind for the city’s struggling equity market
1 day ago
Asian markets temper US-Iran deal optimism as oil prices plunge
Oil prices, which finished at a three-month low overnight, reflected the cautious stance, with Brent crude futures sliding 0.3 per cent to US$82.90 a barrel.
1 day ago
Asia markets temper US-Iran deal optimism as oil prices plunge
Oil prices settled at a three-month low overnight with Brent crude futures up 51 cents, or 0.6 per cent, at US$83.74 a barrel.
1 day ago
Elite UK REIT to acquire five government leased properties for £31.9 mil; launch £19.0 mil conversion of Lindsay House
Teo Zheng Long - Elite UK REIT announced that its wholly-owned subsidiary, Elite Kist Limited, has entered into conditional share purchase and asset purchase agreements with Elite Voyager Limited and Elite Crest Limited, which are wholly-owned subsidiaries of Elite UK Commercial Fund III, to acquire five freehold or ...
1 day ago
Elite UK Reit to buy five government-leased UK properties for £31.9 million
Shikhar Gupta - It is also expanding into student housing with the conversion of its Lindsay House property
1 day ago
Xiaohongshu targets end of June for confidential Hong Kong IPO: sources
The potential listing that could rank among the city’s largest in recent years
1 day ago
Citing higher costs, RHB's Yeo lowers target price for Delfi to $1.21
The Edge Singapore - Alfie Yeo of RHB Bank Singapore remains positive on chocolate maker Delfi for its growth prospects, strong market share and extensive network in its key market Indonesia. "While we are now more cautious on margins, we continue to anticipate a strong FY2025 to FY2028 earnings CAGR of 10%, driven ...
1 day ago
Fintech titans GCash and Maya test IPO goals as Philippine market thins
Anita Gabriel - The profitable rivals backed by PLDT and Globe Telecom are taking different routes to market
1 day ago
Stocks to watch: SIA, Jardine Matheson Holdings, Elite UK Reit
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 16):
1 day ago
Stocks to watch: SIA, Elite UK Reit
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 16):
1 day ago
Gold holds gain as Trump touts reopening of Hormuz this week
Precious metals traders are awaiting a series of central bank decisions this week
1 day ago
BlackRock sheds another 200 jobs, adopting regular cycle of cuts
The company is eliminating just under 1% of its workforce
1 day ago
SpaceX surges 20% in first full day of trading to add US$412 billion in value
The move boosts the company’s market value to more than US$2.5 trillion
1 day ago
SpaceX surges 20% in second day of trading to add US$412 billion in value
SPACEX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the...
1 day ago
The biggest AI skill may not be technical
Claressa Monteiro - Employers look for problem-solving skills, and curiosity, adaptability and a willingness to learn
1 day ago
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
Renald Yeo - The push comes as drinking habits evolve, particularly among younger consumers
1 day ago
Singapore startups double down on AI usage, running multiple platforms: Aspire report
Benjamin Cher - Such companies are also building a distributed workforce, with hiring from outside of the Republic growing
1 day ago
iRhythm discloses cyber incident, says no impact on device systems, patient safety
June 15 : iRhythm Holdings on Monday reported unauthorized activity involving data maintained on some third-party applications last week, but said it has not identified any impact on products, patient safety or medical device systems from the cyber attack.Here are some details from the company' ...
1 day ago
US-Iran deal promises end to war but how it will work remains unclear
Shipowners would not sail through Hormuz until they were confident the US-Iran deal was ‘material’, says CEO of Mitsui OSK
1 day ago
Trump may release US-Iran deal before Friday: Vance
Trump may decide to release the agreement with Teheran before Friday, says V-P Vance
1 day ago
Trump says US-Iran deal is ‘all signed’, but details remain unclear
US Vice-President Vance would attend a formal signing ceremony in Geneva on Jun 19
1 day ago
US closes probe into 2024 Delta Air Lines meltdown sparked by CrowdStrike outage
June 15 : The Trump administration said on Monday it had closed an investigation, without seeking any penalties, into a July 2024 meltdown at Delta Air Lines sparked by a global outage from CrowdStrike that disrupted the travel plans of 1.3 million customers.The Biden administration opened a probe i ...
1 day ago
EU extends emergency cyber security support to Ukraine
BRUSSELS, June 15 : The EU has made its emergency cyber security support available to Ukraine, the European Commission said on Monday.Ukraine can now activate incident response services from trusted private providers to help address significant or large-scale incidents, the Commission said.Moldova h ...
1 day ago
Oil falls as markets weigh return of supply, US-Iran peace deal
With full details yet to emerge and a permanent truce still to be reached, overall price weakness is limited
1 day ago
Oil rebounds on concerns about US-Iran peace deal, restoration of supply
Prices are now more than 30% lower than their peak at the height of the war
1 day ago
Oil sinks as US-Iran deal boosts outlook for reopening of Hormuz
Prices are now more than 30% lower than their peak at the height of the war
1 day ago
Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide
The three main indexes marked their third consecutive session of gains
1 day ago
Commentary: Why the US government shut down Anthropic’s latest Claude AI model
After realising the power of frontier AI models, the US administration has shifted away from an initial hands-off posture, says this academic.
2 days ago
Europe’s Stoxx 600 ends at record high as US-Iran deal lifts sentiment
Analysts expect energy costs to remain elevated until flows gradually return to pre-war levels
2 days ago
SpaceX to release results on website, X only, bypassing wire services
June 15 : SpaceX will release quarterly and annual financial results, besides other material news, only through its website and social media account on X and not through wire distribution services, it said in a filing on Monday.The move marks a departure from standard corporate communication practic ...
2 days ago
SpaceX to release financial results through website and X platform
June 15 : SpaceX will release quarterly or annual financial results or other material news only through its website and social media account on X and not through wire distribution services, it said in a filing on Monday.
2 days ago
Trading Day: US-Iran war halted - now what?
NEW YORK, June 15 : U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets worldwide and sparked fears of systemic inflation.I will go into more detail ...
2 days ago
Bank of Japan raises interest rates to 31-year high
TOKYO, June 16 : The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.The hike was the first since December and aligns the BOJ with other ...