2 days ago
SGX’s November securities turnover value up 18%, driven by index stocks and Reits
Derryn Wong - Volume is 4% higher year on year, at 29.3 billion shares
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Daily Debrief: What Happened Today (Dec 10)
Stories you might have missed
2 days ago
Air India admits compliance culture needs overhaul after flying Airbus without permit
The report is a stark admission from the airline whose Boeing Dreamliner crash in June killed 260 people
2 days ago
Rex International reports 10,417 boepd in Nov from Norway, Oman and Germany
Nicole Lim - Rex International has reported a production of 10,417 barrels of oil equivalent per day (boepd) in November from Norway, Oman and Germany. The group’s indirect subsidiary Lime Petroleum reported 9,408 boepd for the month. Similarly, the group’s other indirect subsidiary Masirah Oil announced a g ...
2 days ago
Airbus wins €50 million contract to deploy French military AI
Dec 10 - Airbus has agreed a 50 million euros ($58 million) contract to incorporate artificial intelligence developed by the French Ministerial Agency for Defence AI (AMIAD) into weapons and information systems used by the French armed forces.The contract's initial phase will focus on upgrading ...
2 days ago
SGX Group’s bellwether STI gain 2.2% m-o-m in Nov; y-t-d calendar gains at 19%
Nicole Lim - The Singapore Exchange Group (SGX) saw the bellwether Straits Times Index (STI) gaining 2.2% m-o-m, taking y-t-d calendar gains to 19% and total returns to 25% for November. In the month, turnover surged 18% y-o-y to $35.5 billion, the best traded value since April, according to the group. The excha ...
2 days ago
Coupang CEO resigns over historic South Korean data breach
The company faces a potential fine of up to one trillion won
2 days ago
Singapore stocks close flat ahead of Fed interest rate decision
Benjamin Cher - The STI ends the day flat; the iEdge Singapore Next 50 Index is 0.1% lower
2 days ago
Singapore stocks inch down ahead of Fed policy decision
Benjamin Cher - The STI ends the day flat; the iEdge Singapore Next 50 Index is 0.1% lower
2 days ago
ComfortDelGro obtains M1 AV licences for Punggol trial
Felicia Tan - ComfortDelGro has obtained the Milestone testing regime level 1 (M1) license for autonomous vehicles (AVs) on public roads, says the company on Dec 10. The license will enable CDG’s AVs to be able to conduct trials for its Punggol route. CDG, on Sept 20, said its autonomous shuttle service, Zig Dr ...
2 days ago
Another Chinese rare earth producer obtains streamlined licence for magnet exports
BEIJING, Dec 10 : Ningbo Jintian said on Wednesday it had obtained a streamlined licence to export rare earth magnet products.The new general licences are designed to allow more exports under year-long permits for individual customers, Reuters reported in early November.Reuters reported last week th ...
2 days ago
12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC
Lee U-Wen - The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable
2 days ago
HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill
2 days ago
Wingtech invites Nexperia custodians to Beijing for talks on control of the company - source
AMSTERDAM, Dec 10 : Wingtech, the Chinese parent company of Netherlands-based chipmaker Nexperia, has invited the court-appointed custodians of its Dutch unit to Beijing for talks on control of the company, a source familiar with the dispute said on Wednesday.A spokesperson for Nexperia BV confirme ...
2 days ago
Wingtech invites Nexperia custodians to talks on control of the company
AMSTERDAM: Wingtech, the Chinese parent company of Netherlands-based chipmaker Nexperia, said on Wednesday (Dec 10) it has invited the court-appointed custodians of the Dutch firm for talks on control of the company, a possible first step toward easing relations.Nexperia's European arm has
2 days ago
Nintendo sheds US$14 billion value after chip squeeze fears grow
The gaming pioneer faces rising memory costs, which threaten to impair margins for its Switch 2 console
2 days ago
US dollar retreats amid overall caution ahead of Fed decision
MILAN/NEW YORK, Dec 10 : The U.S. dollar weakened on Wednesday, erasing two days of gains, as investors trimmed positions in anticipation of an expected third consecutive interest rate cut of a quarter of a percentage point by the Federal Reserve.Investors expect the policy-setting Federal Open Mark ...
2 days ago
US dollar edges down vs euro and yen before Fed policy meeting
Dec 10 : The U.S. dollar edged down versus the euro and the yen on Wednesday as investors awaited the Federal Reserve policy meeting later in the day which is expected to deliver a so-called hawkish rate cut.Investors expect Chair Jerome Powell to provide some sort of restrictive guidance after anno ...
2 days ago
Yen edges up after three-day losing streak, Fed meeting in focus
Dec 10 : The yen was set to snap a three-day losing streak on Wednesday after being pressured by wide interest rate differentials between Japan and the rest of the world even as its central bank is widely expected to tighten policy next week.The dollar dropped slightly ahead of a Federal Reserve de ...
2 days ago
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside
Shikhar Gupta - They name a few buy-rated stocks, and expect core CBD rents to rise
2 days ago
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely positioned’ to tap rental upside
Shikhar Gupta - They name a few buy-rated stocks, expecting core CBD rents to rise
2 days ago
Hopes are for impact investing to fill funding gaps in Asia – but less attractive returns are an obstacle
Vivien Ang - Barriers to growth in the region’s sector include fragmented deal flow and the perception of high risks
2 days ago
US plans to mandate social media checks for visa-free visitors
The plan is the latest in a series of measures from the Trump administration aimed at restricting entry
2 days ago
US plans to mandate social media checks for visa-free visitors, including those from Singapore
The plan is the latest in a series of measures from the Trump administration aimed at restricting entry
2 days ago
Intel loses challenge against EU antitrust ruling but wins reduced fine
BRUSSELS, Dec 10 : U.S. chipmaker Intel lost its challenge against a 376 million euros ($438 million) EU antitrust fine imposed two years ago for thwarting rivals but gained some solace as Europe's second-highest court slashed the penalty by a third on Wednesday.The European Commission, which a ...
2 days ago
EU court cuts Intel's EU antitrust fine
BRUSSELS, Dec 10 : Europe's second-highest court on Wednesday rejected U.S. chipmaker Intel's challenge against a 376 million euros ($438 million) EU antitrust fine imposed two years ago for thwarting rivals, but cut the fine by 140 million euros."An amount of 237,105,540 euros is a m ...
2 days ago
Indonesia pushes back on Bali’s plan to ban Airbnb rentals
Regulators will instead encourage owners of villas and guest houses to get proper licences
2 days ago
South Korea to require advertisers to label AI-generated ads
SEOUL: South Korea will require advertisers to label their ads made with artificial intelligence technologies from next year as it seeks to curb a surge of deceptive promotions featuring fabricated experts or deep-faked celebrities endorsing food or pharmaceutical products on social media.Following ...
2 days ago
Asian utilities slow to confront climate risk
Kenneth Lim - ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report...
2 days ago
Nvidia builds location verification tech that could help fight chip smuggling
The feature will first be made available on the latest ‘Blackwell’ chips
2 days ago
Elliott heaps pressure on Toyota with 5% stake in group firm slated for buyout
TOKYO, Dec 10 : Elliott Investment Management has lifted its stake in Toyota Industries to 5.01 per cent, further increasing pressure on automotive giant Toyota Motor, which plans to buy out the forklift manufacturer, a key group firm.The U.S. activist investor, which spent 268 billion yen ($1.7 bil ...
2 days ago
Activist investor Elliott takes 5% stake in Toyota Industries, filing shows
TOKYO, Dec 10 : Activist investor Elliott Investment Management has taken a 5.01 per cent stake for 268 billion yen ($1.71 billion) in Toyota Industries, a group firm that Toyota Motor is hoping to buy out, a regulatory filing showed on Wednesday.Elliott said last month that the automaker's pro ...
2 days ago
Bank of Korea board member says 'can't sit and do nothing' about a weaker won
SEOUL, Dec 10 : A board member of South Korea's central bank said on Wednesday foreign exchange authorities need to take action to curb the won's decline against the dollar, as it may reignite inflationary pressure and weaken retail purchasing power."As forex authorities, we can' ...
2 days ago
Former Law Society leaders call for EGM to protest election of new president
The society has about 6,400 members