Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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1 day ago
Vietnam's FPT to invest $200 million in AI factory using Nvidia chips
HANOI : Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia's graphics chips and software, the two firms said on Tuesday.FPT plans to use Nvidia's support to boost AI research in Vietnam with the aim of developing AI applications ...
1 day ago
Renault Q1 sales rise 1.8%, helped by financing business
FRENCH car maker Renault said on Tuesday (Apr 23) that its first-quarter revenue grew 1.8 per cent, with good performance in its financing business offsetting a drop in turnover in core automotive sales.
1 day ago
Netflix's Nordic rival Viaplay logs much slower Q1 growth, shares slide
:Swedish video streaming company Viaplay said sales growth at its core operations slowed markedly in the first quarter due to price hikes, knocking its shares 7 per cent lower.The group, grappling with waning demand as consumers struggle with the high costs of living, has lost more than half of its ...
1 day ago
Netflix rival Viaplay's organic sales growth slows in Q1
:Swedish video streaming company Viaplay's organic sales grew by 5.6 per cent in its core operations in the first quarter of 2024, down from 27.3 per cent a year ago, as it focuses on improving operations after a recapitalisation drive.After replacing its CEO and laying off 30 per cent of its w ...
1 day ago
OVH's shares head for worst day after it cuts 2024 target
:Shares in French cloud services provider OVH Groupe headed for their biggest daily fall, after it cut its 2024 sales target citing weaker demand in its main European market.The company lowered its organic revenue growth forecast to 9 per cent-10 per cent from a previous forecast of 11 per cent-13 p ...
1 day ago
OVH's shares plunge after it cuts 2024 profit target
:OVH Groupe's shares plunged more than 14 per cent on Tuesday, heading for their biggest daily fall, after the French cloud services company cut its 2024 core profit target citing weaker demand in its key European market.The company slashed its organic revenue growth forecast to 9-10 per cent f ...
1 day ago
OVH Groupe's H1 core profit beats forecasts
:French cloud services provider OVH reported a half-year adjusted core profit on Tuesday that beat market expectations, helped by margin expansion, though it cut its full-year forecast citing a challenging macroeconomic environment.Adjusted earnings before interest, tax, depreciation and amortizatio ...
1 day ago
Pakistan eyes new IMF loan by early July, finance minister says
ISLAMABAD :Pakistan could secure a staff-level agreement on a new long-term larger loan with the International Monetary Fund by early July, its finance minister said on Tuesday.The country's current $3 billion arrangement with the fund - which it secured last summer to avert a sovereign defaul ...
1 day ago
Pakistan hopes to get new IMF loan by early July, says finance minister
:Pakistan is hoping to reach a staff-level agreement with the International Monetary Fund by June or early July, its finance minister said on Tuesday.The country's current $3 billion arrangement with the fund runs out in late-April, which it secured last summer to avert a sovereign default.I ...
1 day ago
Japan's March price trend gauge rises at slowest pace in 11 months
TOKYO : A key measure of Japan's trend inflation slowed to 1.3 per cent in March, marking the smallest year-on-year increase in 11 months, data showed on Tuesday.The rise in the weighted median inflation rate, which is closely watched as an indicator of whether price rises are broadening, follo ...
1 day ago
UBS lifts Chinese stocks to overweight in rare upgrade call
UBS Group raised its recommendation on a key Chinese stock index to overweight in a rare upgrade call this year, underscoring the tentative optimism that the market is finally on the mend.
1 day ago
Thailand's $13.5 billion household stimulus plan gets cabinet approval
BANGKOK :Thailand's 500 billion baht ($13.51 billion) "digital wallet" stimulus policy gained cabinet approval on Tuesday, Prime Minister Srettha Thavisin said, clearing another hurdle for the signature policy of the ruling Pheu Thai party.The handout would give 10,000 baht ($270.20) ...
1 day ago
Thailand's $13.5 billion stimulus project gets cabinet approval
BANGKOK : Thailand's 500 billion baht ($13.51 billion) digital wallet stimulus policy was given cabinet approval on Tuesday, Prime Minister Srettha Thavisin said, clearing another hurdle for the signature policy of the ruling Pheu Thai party.The handout would give 10,000 baht to 50 million Thai ...
1 day ago
Thailand's cabinet approves $13.5 billion digital wallet handout
BANGKOK : Thailand's cabinet approved in principle the government's 500 billion baht ($13.51 billion) digital wallet stimulus policy, Prime Minister Srettha Thavisin said on Tuesday.($1 = 37.0000 baht)
1 day ago
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
Renald Yeo - SINGAPORE’S March headline and core inflation both eased further than economists expected, data from the Department of Statistics showed on Tuesday (Apr 23).
1 day ago
Thailand's US$13.5 billion household stimulus plan gets Cabinet approval
BANGKOK: Thailand's 500 billion baht (US$13.51 billion) "digital wallet" stimulus policy gained Cabinet approval on Tuesday (Apr 23), Prime Minister Srettha Thavisin said, clearing another hurdle for the signature policy of the ruling Pheu Thai party. The handout would give 10,000 bah ...
1 day ago
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
BEIJING: Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence chips through resellers, despite the US widening a ban last year on the sale of such technology to China. A Reuters review of hundreds of tender documents shows 10 Chinese entities acquire ...
1 day ago
World Bank says Vietnam GDP to grow 5.5% in 2024, 6.0% in 2025
HANOI : Vietnam's gross domestic product is seen growing 5.5 per cent this year, the World Bank said on Tuesday, faster than an expansion of 5.05 per cent last year.Growth in 2025 is forecast at 6.0 per cent, the WB said in a report. "The economy is showing mixed signs of recovery in early ...
1 day ago
Citi picks Amit Dhawan to head Singapore commercial bank operations
Vivienne Tay - CITI on Tuesday (Apr 23) appointed Amit Dhawan as head of Citi Commercial Bank (CCB) for the Singapore market, effective Apr 22.
1 day ago
UOB Kay Hian raises ComfortDelGro target price to $1.72
The Edge Singapore - UOB Kay Hian analysts Llelleythan Tan Yi Rong and Heidi Mo have become more bullish ComfortDelGro Corp, as they kept their "buy" call along with a higher target price of $1.72, from $1.66 previously. "We maintain our expectations that CD would post a strong 1Q24 driven by favourable t ...
1 day ago
Fintech startup Qashier gets in-principle approval for major payment institution licence from MAS
Benicia Tan - SINGAPORE-BASED fintech startup Qashier was granted in-principle approval for a major payment institution licence by the Monetary Authority of Singapore (MAS). This means that Qashier’s payment services – domestic and cross-border money transfers and merchant acquisitions – will be regulated u ...
1 day ago
China finance ministry echoes Xi’s call for bond trading at PBOC
CHINA’S Ministry of Finance said it supports allowing the central bank to trade government bonds, reaffirming a sentence from President Xi Jinping that ignited market speculation about a change of monetary strategy.
1 day ago
Asia: Most markets rise with earnings, US data in view
ASIAN markets mostly rose on Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve’s interest rate plans ahead of the release of key US growth and inflation data.
1 day ago
Thai PM asks banks to lower interest rates to help economy
THAILAND’S Prime Minister Srettha Thavisin on Tuesday said he had asked the country’s four largest lenders to lower interest rates to help small businesses and the economy.
1 day ago
DBS upgrades UOB to 'buy' from 'hold', along with higher target price of $34.50
The Edge Singapore - Lim Rui Wen of DBS Group Research has upgraded her call on United Overseas Bank from "hold" to "buy", with growth picking up across Asean. Along with the upgrade, Lim's new target price is $34.50, up from $30.30 previously, as she factors in other positive attributes includi ...
1 day ago
BOJ will hike rates if trend inflation accelerates, says Ueda
THE Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2 per cent target as expected, governor Kazuo Ueda said, keeping alive market expectations of a further withdrawal of monetary support later this year.
1 day ago
Bank of Japan to hold rates with focus on hawkish signals to buoy yen
THE Bank of Japan (BOJ) is widely expected to leave its benchmark interest rate unchanged on Friday (Apr 19), with investors focusing on any hints of a less dovish tilt as the yen trades around a 34-year low.
1 day ago
Analysts remain positive on CICT; Maybank and OCBC lower TPs
Felicia Tan - Analysts are remaining positive on CapitaLand Integrated Commercial Trust ’s (CICT) prospects after the REIT announced a “resilient” operational performance for the 1QFY2024 ended March 31. On April 19, CICT reported a net property income (NPI) of $293.7 million for the quarter, 6.3% higher y- ...
1 day ago
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
CALIFORNIA will conclude a two-year investigation into ExxonMobil and the fossil fuel industry’s role in causing global plastic pollution by summer and decide if it will file a lawsuit against oil giant, its attorney general told Reuters on Monday.
1 day ago
Thai PM asks banks to top lower interest rates to help economy
BANGKOK: Thailand's Prime Minister Srettha Thavisin on Tuesday said he had asked the country's four largest lenders to lower interest rates to help small businesses and the economy.  "Vulnerable groups like SMEs have a problem with a high interest rates ... I asked the four to consid ...
1 day ago
Honda to build major EV plant in Canada
JAPANESE auto giant Honda will open an electric vehicle (EV) plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday (Apr 22).
1 day ago
California to wrap up Exxon plastics probe 'in weeks', AG says
WASHINGTON: California will conclude a two-year investigation into Exxon and the fossil fuel industry's role in causing global plastic pollution by summer and decide if it will file a lawsuit against oil giant, its attorney general told Reuters on Monday (Apr 22). The state launched its investi ...
1 day ago
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
Benjamin Cher - RIDE-HAILING app Gojek and ComfortDelGro Taxi (CDG) will dispatch rides not taken up by drivers to each other’s platform.
1 day ago
Xiaomi secures lock-in orders of more than 70,000 SU7 cars
BEIJING : Xiaomi secured lock-in orders of more than 70,000 SU7 cars as of Saturday, its founder Lei Jun told an investor conference on Tuesday. The Chinese smartphone maker targets deliveries of more than 100,000 SU7 cars in 2024, Xiaomi President Lu Weibing said on his Weibo account, relaying key ...






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