1 day ago
Luxury brands from LVMH to Kering defy slowdown with more new store openings in Europe
Low levels of vacancy on popular shopping streets have put pressure on prime rents, which grew by 3.5% last year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
GrabCab to raise taxi fares temporarily to help drivers amid volatile fuel prices
Koh Kim Xuan - Move will ‘provide direct relief’ for drivers amid volatile fuel prices, says Singapore-based taxi operator
1 day ago
Some US car buyers envy what they cannot have – affordable Chinese EVs
China has surged past Japan in recent years to become the world’s top vehicle exporter
1 day ago
Analysis:BOJ's narrative shift signals dogged commitment to rate hikes
TOKYO, March 23 : The Bank of Japan is laying the groundwork for tweaks to its policy language in April, keeping alive the chance of a near-term interest rate hike as the weak yen and Middle East conflict pile inflationary pressures on the economy.While the central bank kept rates steady last week, ...
1 day ago
Credit Suisse’s AT1 bond crash fuelled leadership crisis at HDFC
For a bank already grappling with balance sheet challenges following its 2023 merger with a mortgage lender, the timing could hardly be...
1 day ago
Singapore import costs to face pressure amid energy price hikes: MAS; Feb core inflation accelerates to 1.4%
Elysia Tan - It will update inflation outlook in April policy statement; MAS, MTI keep 2026 core and headline inflation forecasts at 1-2% but flag...
1 day ago
Most SGX listcos fail to offer transparency on how executive bonuses are set: NUS study
Ranamita Chakraborty - SGX RegCo CEO Tan Boon Gin says executive pay serves as an important indicator of corporate value creation
1 day ago
Singapore’s core inflation rises to 1.4% in February, highest since December 2024
Authorities say Singapore’s import cost pressures are likely to rise in the near term.
1 day ago
Singapore’s core inflation accelerates to 1.4%, headline inflation eases to 1.2% in February
Elysia Tan - MAS and MTI keep official forecasts for both at 1 to 2% for the full year
1 day ago
US crude spikes 3% as Iran threatens to hit Gulf power infra over Trump warning
NEW DELHI, March 23 : Oil prices rose on Monday after Iran's Revolutionary Guards said they would target Israel's power plants and those supplying U.S. bases in the Middle East in retaliation against any attack on its electricity sector.Brent crude futures rose $1.57 to $113.76 a barrel by ...
1 day ago
Oil whipsaws as war risks to energy facilities counter prospect of eased Iran sanctions
NEW DELHI, March 23 : Oil prices swung between gains and losses on Monday as investors weighed rising U.S. and Iranian threats over energy facilities against the release of millions of barrels of seaborne Iranian oil after Washington temporarily removed sanctions.Brent crude futures rose 65 cents to ...
1 day ago
Valuation dips for financial service M&As in S-E Asia despite more deals and global surge in ‘megadeals’: EY
Deon Loke - The fall in deal value signals a strategic move towards smaller acquisitions and minority investments
1 day ago
DBS remains JP Morgan's top pick despite Iran War impact, IT outage
The Edge Singapore - While the local market and markets in Apac have taken the Iran War in their stride, with minimal impact thus far, a prolonged energy crisis could have a second-order impact, according to JP Morgan. In an update on Mar 22, JP Morgan says the shifts in the availability and price of energy should lead ...
1 day ago
‘Trust the founder’? Grab’s super-voting share proposal raises governance questions for investors
Sharanya Pillai - Shareholders would have to be content as passengers in a vehicle ‘with a permanent driver’, says an observer
1 day ago
Over 40 Middle East energy assets ‘severely damaged,’ IEA says
Asia is at the forefront of this crisis, because of its heavy reliance on crude from the region
1 day ago
IEA discussing further oil stock releases, chief Birol says
The executive director will travel to Japan later this week before a Group of Seven meeting
1 day ago
Would a subsidy clawback of 20% or more for top HDB BTO projects be excessive?
Leslie Yee - A Pearl’s Hill BTO flat may not be a slam dunk with tighter restrictions in place for Prime flats
1 day ago
Would a subsidy clawback of 20 per cent or more for top HDB BTO projects be excessive?
Leslie Yee - A Pearl’s Hill BTO flat may not be a slam dunk with tighter restrictions in place for Prime flats
1 day ago
Saudi Aramco cuts oil supply to Asia for second month in April
Saudi Arabia has exported 4.355 million barrels per day of crude so far in March
1 day ago
DBS downgrades Singtel to ‘hold’ with Bharti’s share price easing
Nurdianah Md Nur - DBS Group Research analyst Sachin Mittal has downgraded Singapore Telecommunications (Singtel) to “hold”, citing limited upside after a sharp re-rating. He has lowered his target price to $5.36 from $5.71 previously. Over the past 12 months, Singtel’s share price has risen more than 51%, with ...
1 day ago
Japan considers cutting inflation-linked bond buybacks as demand rises: sources
Since restarting issuance, the government has sought to nurture the market by guaranteeing principal and continuing with its buybacks
1 day ago
Sinopec flags chemicals spending cut as profit pressure mounts
China’s massive oil reserves have given the world’s largest oil importer some breathing space to deal with the Middle East war
1 day ago
Exclusive-Japan considers cutting inflation-linked bond buybacks as demand rises, sources say
TOKYO, March 23 : Japan is considering a reduction in buybacks of inflation-linked government bonds as investor demand swells amid rising inflation expectations, two sources familiar with the matter said on Monday.In late January, market-based inflation expectations, measured by the break-even infla ...
1 day ago
Xpeng shares decline as revenue forecast misses estimates
The company expects sales of 12.2 billion yuan to 13.3 billion yuan during the first three months of this year
2 days ago
South Korea's LG Chem shuts down No. 2 ethylene plant at Yeosu complex
SEOUL, March 23 : South Korea's LG Chem has temporarily shut down the No. 2 naphtha cracker at its Yeosu complex due to disruptions in supplies linked to the war in Iran, the company said in a regulatory filing on Monday. LG Chem said the temporary halt was caused by difficulties in securing na ...
2 days ago
LG Chem plans to shut down its no. 2 ethylene plant soon, source says
SEOUL, March 23 : South Korea's LG Chem plans to shut down its no. 2 ethylene plant soon, a person familiar with the matter told Reuters on Monday, due to soaring prices of naphtha amid the Iran war.The plant is located in the Yeosu industrial complex and has an annual capacity of 800,000 metri ...
2 days ago
Kpop agency HYBE shares drop after boyband BTS comeback concert
[SEOUL] Shares of Kpop agency HYBE fell 14.5 per cent to a four-month low on Monday after a weaker-than-expected turnout at its...
2 days ago
VPBank seeks US$1.2 billion in one of Vietnam’s largest ESG deals
The Hanoi-based firm has mandated more than a dozen banks to underwrite the three-year facility, according to sources
2 days ago
Australian shares drop to 10-month low as traders gauge Middle East jitters
AUSTRALIAN shares fell to a more than a 10-month low, with banks and heavyweight miners leading declines, as uncertainty over the Middle...
2 days ago
Lendlease REIT units drop after preferential offering not fully taken up
The Edge Singapore - Lendlease Global Commercial REIT units dropped after its preferential offering of $196.6 million was not fully taken up. As at 9.57 am, Lendlease REIT units dropped 3.48% to 55.5 cents. It is the fourth most heavily traded counter thus far today. According to Lendlease REIT, it received total applic ...
2 days ago
Co-living operator The Assembly Place to convert 11-storey 163 Tras Street into 152-room hotel
Jovi Ho - Catalist-listed co-living operator The Assembly Place has completed its acquisition of 163 Tras Street, an 11-storey freehold commercial building formerly known as Lian Huat Building. The Assembly Place intends to convert the property into a 152-room hotel. According to a March 23 announcement, prov ...
2 days ago
Taiwan's ASE to invest $12 mil in AEM via placement at $3.591 each
The Edge Singapore - Taiwan chip tester ASE Technology Holding is investing $12 million in AEM Holdings via a placement of 3.35 million shares at $3.591 each, as part of a broader collaboration to jointly capture the fast-growing market for AI and high performance computing, or HPC. AEM shares, as at 9.33 am, dropped 5. ...
2 days ago
STI closes 2.2% down as Asia markets drop on Trump, Iran threats; gold wipes out gains this year
Shikhar Gupta - US president says America will ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz
2 days ago
STI down 2.5% as Asia markets drop on Trump, Iran threats; gold wipes out gains this year
Shikhar Gupta - US president says America will ‘obliterate’ Iran’s power plants if it does not fully reopen the Strait of Hormuz