2 days ago
Global supply chain shocks to cause lasting impacts: FedEx CEO
The company is shifting its capacity, including redeploying aircraft, in response to the changes
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Singapore stocks rise as market cheers new SGX announcements; STI up 0.2%
Young Zhan Heng - Frasers Logistics & Commercial Trust is top gainer on benchmark index; three local banks also close higher
2 days ago
Exclusive-KKR aims to raise $15 billion in new Asia private equity fund, sources say
Global private equity firm KKR & Co has kicked off fundraising for its fifth Asia private equity fund, seeking to raise $15 billion in what would be one of the region's largest fund raisings to date, three people with knowledge of the matter said.
2 days ago
ComfortDelGro group deputy CEO Derek Koh to retire next March; key leadership changes announced
Nicole Lim - ComfortDelGro’s group deputy CEO Derek Koh is set to retire at the end of March 2026, amid several key leadership changes announced today. Koh, who is also the group chief corporate services officer and group chief financial officer, will step down from his role as group CFO on Jan 1, 2026, prior ...
2 days ago
Asia Pacific aviation on track to meet 5% sustainable fuel target: Industry body
Governments need to enforce policies to accelerate sustainable aviation fuel production and adoption, says the Association of Asia Pacific Airlines' director general Subhas Menon during an interview with CNA’s Yasmin Jonkers.
2 days ago
Spanish court orders Meta to pay $550 million to digital media companies
MADRID :A Spanish court has ordered that the multinational tech company Meta pay 479 million euros ($552 million) to Spanish digital media outlets for unfair competition practices and infringement of EU data protection regulation.Madrid's Commercial Court said on Thursday the compensation, to b ...
2 days ago
ByteDance’s valuation soars to US$480 billion in share auction
The transaction is a sign of the enduring interest in the company that has created several of China’s most popular digital services
2 days ago
UBS appoints Kwa Chong Seng as chairman for Singapore, South-east Asia
Tan Nai Lun - He will take over the new role on Dec 1
2 days ago
Link Reit H1 DPU down 5.9% at HK$1.2688 amid macro headwinds, sectoral challenges
Therese Soh - It was recently reported to be considering a Singapore listing
2 days ago
Link Reit H1 DPU down 5.9% at HK$1.2688 amid macro headwinds, sectorial challenges
Therese Soh - Its distributable income falls 5.6% year on year to HK$3.3 billion for same period
2 days ago
Government reviewing collective sales regime, reforms may be on the cards
Jessie Lim - [SINGAPORE] The path to the en bloc sale of a property may soon get easier, with the government reviewing policy and regulation...
2 days ago
SGX board lot cut: What are the stocks made more accessible to investors?
Shikhar Gupta - [SINGAPORE] The Singapore Exchange (SGX) on Wednesday (Nov 19) unveiled two key changes in hopes to boost investor participation, attract unicorns and...
2 days ago
SGX-Nasdaq dual-listing move removes dilemma of having to choose one exchange over the other
Shikhar Gupta - Blue chips like DBS, UOB, OCBC, Jardine will be more affordable to small investors under additional proposal to reduce board lot sizes
2 days ago
Auterion says Rheinmetall stake to boost drone software group's growth
DUESSELDORF, Germany :Auterion CEO Lorenz Meier said having German defence player Rheinmetall on board as a "significant" shareholder in the U.S.-based drone software firm would help it grow its order book, adding that it would not lead to a full takeover.Auterion already provides software ...
2 days ago
Former SGX chairman Kwa Chong Seng joins UBS as Singapore and Southeast Asia chairman
The Edge Singapore - UBS has appointed former SGX chairman Kwa Chong Seng as announced the appointment of Chong Seng as the bank's chairman Singapore and South-east Asia. Kwa's appointment will start on Dec 1. In this Singapore-based role, Kwa will provide strategic oversight, strengthen partnerships and relat ...
2 days ago
Hybrids are outrunning EVs – but only for now: Hyundai CEO
South Korea’s largest automaker is charging ahead with its ambitious electrification goals, betting big on EVs while maintaining a strong foothold in hybrids.
2 days ago
Seven companies from Singapore, Malaysia and Hong Kong bag top honours at the 2025 Emerging Enterprise Awards
Paige Lim - Over a third of this year’s 600 applications were from Hong Kong, Indonesia, and Malaysia
2 days ago
Halma lifts annual revenue forecast on strong US data centre demand
British health and safety device maker Halma raised its annual revenue growth forecast on Thursday after reporting a surge in half-year profit, fuelled by strong U.S. demand for its photonics products used in data centre construction.Data centers have been at the core of the expansion of artificial ...
2 days ago
Pharmaceutical chain Big Caring weighs Malaysia IPO next year: sources
It could raise as much as RM6 billion, making it one of Malaysia’s biggest listings in years
2 days ago
DBS is RHB’s top pick among S’pore banks
Jovi Ho - DBS Group Holdings is RHB Bank Singapore’s top pick among Singapore’s three banks, standing out with its headline patmi beat for 3QFY2025 ended Sept 30 thanks to its non-interest income (non-II) outperformance. Similarly, Oversea-Chinese Banking Corporation (OCBC) saw non-interest income surge 2 ...
2 days ago
HSBC flags CDL as 'turnaround' story for 2026
The Edge Singapore - City Developments has been listed by HSBC as one of the 12 stocks for this coming year, for its turnaround story. Broadly, Singapore equities are seen to do well with a "structural shift" underway thanks to market rejuvenation measures. "This slew of initiatives is expected to strengt ...
2 days ago
BNP starts buyback, boosts capital goal after share drop
Shares of BNP Paribas have declined about a fifth from a high reached in August
2 days ago
Nvidia’s upbeat forecast soothes fears of AI spending bubble
The company’s results have become a barometer for the health of the AI industry
2 days ago
Vietnamese airline Vietjet to resume use of Chinese-made Comac planes: sources
C909, which seats up to 90 passengers, has been operating commercially since 2016
2 days ago
CNA Explains: What Nvidia's blockbuster results tell us about an AI bubble
Was the talk of an AI bubble overblown? Nvidia CEO Jensen Huang pushed back at sceptics as the tech giant announced solid quarterly earnings.
2 days ago
Google opens new AI engineering centre in Taiwan
[TAIPEI] Alphabet’s Google on Thursday opened in Taiwan its biggest artificial intelligence (AI) infrastructure hardware engineering centre outside of the US, in...
2 days ago
OCBC app adds 8 digital wallets from across South-east Asia
Chloe Lim - In the long term, the bank aims to connect customers with 50 wallets worldwide
2 days ago
China’s Lenovo signs long-term component-supply deal for next year
Global memory chip prices are climbing due to demand from data centre operators for building AI servers
2 days ago
Heavy rain in Vietnam’s top coffee-growing region threatens crop
Robusta beans are typically used in instant drinks
2 days ago
OCBC adds eight Southeast Asian wallets to its app to boost cross-border transfers
Nurdianah Md Nur - OCBC Bank has widened its cross-border payments network, allowing customers in Singapore to transfer money directly from their accounts to eight major digital wallets across Indonesia, Malaysia, the Philippines and Vietnam. The move deepens a partnership with Visa that began last year. The newly add ...
2 days ago
BOJ set to hike interest rates in December, but decision on knife-edge: Reuters poll
TOKYO :The Bank of Japan will raise interest rates at its upcoming December meeting, according to a slim majority of economists in a Reuters poll, pushing through with its aim of normalising monetary policy, backed by the yen's recent decline.Prime Minister Sanae Takaichi, a proponent of expans ...
2 days ago
Chinese copper demand sags in busy season after prices surge
A slump in government spending, meanwhile, has kicked away another prop to demand
2 days ago
Hong Kong stock rally meets HK$193.8 billion lockup test ahead
The hefty total reflects a banner year of listings in the city
2 days ago
Asia: Stocks rally as bumber Nvidia report offsets Fed rate concern
ASIAN markets rallied on Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal...