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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2 days ago
Amazon loses court fight to suspend EU tech rules' ad clause
BRUSSELS :Amazon on Wednesday lost its fight to suspend a requirement regarding its online advertising under EU tech rules after Europe's top court backed EU regulators, saying EU interests outweigh the U.S. online retailer's material interests.Under the Digital Services Act (DSA) which ki ...
2 days ago
EU's top court rejects Amazon's request to suspend EU tech rules' ad clause
BRUSSELS : The European Union's top court on Wednesday said it had rejected a request by Amazon to suspend its obligation to make an advertisement repository publicly available.
2 days ago
Second Chance Properties H1 profit falls 52.8% to S$4.3 million
Tan Nai Lun - SECOND Chance Properties posted a 52.8 per cent fall in its net profit to S$4.3 million for its first half ended Feb 29, 2024, from S$9.2 million a year earlier.
2 days ago
Chinese EV maker Nio cuts Q1 deliveries forecast amid tepid demand
CHINESE electric-vehicle maker Nio lowered its forecast for first-quarter deliveries on Wednesday (Mar 27), as it grapples with slowing demand and a price war in China.
2 days ago
Nissan will invest in Renault EV unit even though IPO scrapped, CEO says
ORAGADAM, India : Japan's Nissan Motor will invest in the electric vehicle unit of alliance partner Renault even though the French carmaker has decided not to list the unit, Nissan's CEO said on Wednesday."We want to further our growth in Europe, we want to further have the leverage f ...
2 days ago
Second Chance Properties records net profit of $4.35 mil for 1HFY2024
Bryan Wu - Second Chance Properties has reported net profit of $4.35 million for 1HFY2024 ended Feb 29, 52.77% lower compared to its net profit of $9.21 million for the previous corresponding period. In 1HFY2023, the company made a gain of $4.33 million from the  disposal of seven investment properties. Earni ...
2 days ago
Daily Debrief: What Happened Today (Mar 27)
Stories you might have missed
2 days ago
Addvalue Tech secures new IDRS order worth US$2.1 mil
Bryan Wu - Addvalue Technologies has secured a new order worth US2.1 million ($2.8 million) for its space connectivity business on March 27. The order for inter-satellite data relay system (IDRS) terminals is a repeat order from an existing IDRS customer.  The latest order has brought the company‘s order bo ...
2 days ago
Amazon fined $7.8 million by Polish consumer watchdog
WARSAW : Amazon has been fined 31 million zlotys ($7.8 million) in Poland for misleading customers about product availability and delivery dates, consumer watchdog UOKiK said on Wednesday.The regulator said it had received complaints from customers who did not receive their orders."The average ...
2 days ago
Xi says US CEOs should invest in China, economy hasn’t peaked
Bloomberg - President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.’s Stephen Schwarzman and Qualcomm Inc.’s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations with the US on a stable footing. The Chinese leader on Wedne ...
2 days ago
China's President Xi meets US executives in Beijing as investment wanes
BEIJING: China's President Xi Jinping met with American business leaders at the Great Hall of the People in Beijing on Wednesday (Mar 27), as the government tries to woo foreign investors back into the country and international firms seek reassurance over new regulations. Beijing wants to boost ...
2 days ago
Singapore stocks close higher on Wednesday; STI up 0.6%
Navene Elangovan - SINGAPORE stocks inched higher for the second consecutive day on Wednesday (Mar 27), as regional bourses ended mixed.
2 days ago
Market Focus Daily: Wednesday, March 27, 2024 (Ep 31)
Japan warns of intervention as yen falls to 34-year-low; Thailand’s stock exchange continues decline on corporate setback; Singapore stocks rally on high factory output in February.
2 days ago
ANZ aims to open operation at India’s Gift special economic zone
ANZ Group Holdings is seeking to open an operation in India’s Gift International Financial Services Centre, according to people familiar with the matter.
2 days ago
Law firm to launch investment treaty claims against Swiss government for Credit Suisse AT1 write-downs
Tan Nai Lun - GLOBAL law firm Clyde & Co is planning to launch a series of investment arbitration claims against the Swiss government, in yet another attempt to sue its regulator for the write-down of Credit Suisse Additional Tier 1 (AT1) bonds.
2 days ago
Chinese EV maker Nio cuts Q1 deliveries forecast
Chinese electric-vehicle maker Nio on Wednesday cut its first-quarter deliveries forecast to around 30,000 vehicles, from its earlier forecast of 31,000 to 33,000 vehicles.
2 days ago
EY selects 18 female entrepreneurs for the EY Entrepreneurial Winning Women Asia Pacific class of 2024
Ashley Lo - Ernst & Young (EY) has named 18 female entrepreneurs to become members of the EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024. The bespoke executive programme, which was launched in 2008, identifies and champions a select group of entrepreneurs with high potential and who have bui ...
2 days ago
Renault to sell Nissan stake of about 2.5%
RENAULT plans to sell a stake of about 2.5 per cent in Nissan shares to the Japanese car maker in a deal that could result generate up to 362 million euros (S$528.5 million), the French firm said on Wednesday (Mar 27).
2 days ago
As yuan skids, markets bet more depreciation is in store
SINGAPORE: China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports. Several signals have stirred that speculation. While the yuan has decli ...
2 days ago
Citi lays off 10 research staff in Asia-Pacific as part of global revamp: sources
CITIGROUP has laid off at least 10 people in its equities research department in Asia-Pacific this week, two sources with knowledge of the matter said, as the bank pushes through the last phase of a sweeping global overhaul.
2 days ago
Banyan Tree obtains S$70 million sustainability-linked loan
Benicia Tan - RESORT-OPERATOR Banyan Tree has secured its first sustainability-linked loan, worth S$70 million.
2 days ago
Banyan Tree obtains maiden S$70 million sustainability-linked loan
Benicia Tan - RESORT-OPERATOR Banyan Tree has secured its first sustainability-linked loan, worth S$70 million.
2 days ago
RHB maintains ‘overweight’ on retail names; keeps top picks, Sheng Siong and DFI
Ashley Lo -
2 days ago
Baltimore bridge collapse: Compensation may run into billions, say industry watchers
Tay Peck Gek - THE collapse of a major bridge in the US city of Baltimore on Tuesday (Mar 26) that left six workers to be presumed dead could involve “sizeable” compensation, given the extent of the damage to the infrastructure, its surrounding area and any loss of life, said experts.
2 days ago
Baltimore bridge disaster: compensation may run into billions, say industry watchers
Tay Peck Gek - THE collapse of a major bridge in the US city of Baltimore on Tuesday (Mar 26) that left six workers to be presumed dead could involve “sizeable” compensation, given the extent of the damage to the infrastructure, its surrounding area and any loss of life, said experts.
2 days ago
Japan’s Mitsui, Rohto said near deal for Eu Yan Sang: source
A GROUP including Japan’s Mitsui and Rohto Pharmaceutical is nearing a deal to acquire a majority stake in medicine and healthcare company Eu Yan Sang International, people familiar with the matter said.
2 days ago
Citi lays off 10 research staff in Asia Pacific as part of global revamp, sources say
HONG KONG :Citigroup Inc has laid off at least 10 people in its equities research department in Asia Pacific this week, two sources with knowledge of the matter said, as the bank pushes through the last phase of a sweeping global overhaul. The bank, which has hundreds of employees in its equities re ...
2 days ago
Renault to sell about 2.5% of Nissan shares for up to 362 million euros
PARIS : French car maker Renault said in a statement it plans to sell about 2.5 per cent of Nissan's shares to the Japanese care maker in a deal that could result in a cash inflow of up to 362 million euros ($391.76 million).The shares to be sold are part of the 24.63 per cent of Nissan's ...
2 days ago
Malaysia considers extending US$10 billion rail to Thailand border
MALAYSIA is considering extending its ongoing US$10.6 billion rail project closer to its border with Thailand, as it seeks to reduce economic competition with its South-east Asian neighbour.
2 days ago
H&M beats earnings expectations as new CEO plots turnaround
H&M, the world’s second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday (Mar 27) helped by a smaller-than-expected fall in sales.
2 days ago
Account abstraction a catalyst for wider Web3 adoption
Arina Musthafa - Account abstraction is poised to accelerate Web3 adoption by addressing a critical barrier: complexity. It simplifies managing diverse assets through a single account and promises to streamline processes and mitigate complexity. Lixin Liu, CEO of Account Labs, tells DigitalEdge Malaysia that account ...
2 days ago
UBS to sell US$8 billion loans to Apollo in revised SPG deal
UBS Group finalised a deal with Apollo Global Management for the carve-out of Credit Suisse’s securitised products group after renegotiating key parts of the accord.
2 days ago
Spacs and Trump's crazy US$6 bil meme stock ride
Assif Shameen -
2 days ago
India central bank keen to build up record high FX reserves
INDIA’S central bank will keep building its forex reserves as it seeks to build larger buffers, and strong inflows into the country’s equity and debt markets give it an opportunity to do so, two sources familiar with the bank’s thinking said.






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