2 days ago
Higher prices, supply chain disruptions: Trump's tariff war could ‘end very badly’, say analysts
Canada, Mexico and China – the US’ top three trade partners – have all vowed to retaliate when the tariffs take effect on Tuesday.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Trump's 'drill baby drill' inspires UOB Kay Hian to maintain 'overweight' view on offshore and marine counters
The Edge Singapore - UOB Kay Hian has kept its "overweight" view on the region's offshore and marine sector, given how the Trump presidency is rehashing the "drill baby drill" mantra. "Increasingly, it appears that ‘fossil fuels’ could become less of a bad phrase in the next four year ...
2 days ago
Lendlease Global Commercial Reit reports 14.3% lower H1 DPU of S$0.018
Tessa Oh - Revenue falls 13.6% to S$103.6 million for the half-year period
2 days ago
Budget 2025 likely to talk about cost of living, investments in AI, finance, green transition and fertility: UOB
Felicia Tan - Singapore’s Budget 2025 is likely to take on an expansionary fiscal stance ahead of this year’s general elections, says UOB’s associate economist Jester Koh. The budget, which will be presented by Prime Minister and finance minister Lawrence Wong on Feb 18, is likely to be the final one under ...
2 days ago
SingPost CEO Singapore steps down, GCOO Neo Su Yin assumes additional responsibility
Samantha Chiew - Singapore Post (SingPost) today announced the resignation of Shahrin Abdol Salam who is leaving the company to pursue opportunities outside the company. In his capacity as CEO Singapore, Shahrin was responsible for the company’s domestic mail and parcel business and reported to Neo Su Yin who took ...
2 days ago
MMC Port hires banks for Malaysian IPO of over RM6 billion
MMC Port Holdings has hired CIMB and Maybank to work on an initial public offering (IPO) in Malaysia that could raise more...
2 days ago
MMC Port hires banks for over RM6 billion Malaysian IPO: sources
MMC Port Holdings has hired CIMB and Maybank to work on a more than RM6 billion (S$1.8 billion) initial public offering in...
2 days ago
MMC Port hires banks for Malaysian IPO of over RM6 billion: sources
MMC Port Holdings has hired CIMB and Maybank to work on an initial public offering (IPO) in Malaysia that could raise more...
2 days ago
Gordon Tang and wife extend closing date of cash offer for Suntec Reit to Feb 7
Megan Cheah - They do not intend to increase the offer price, which was earlier raised to S$1.19 a unit, from S$1.16
2 days ago
Market Focus Daily: Monday, February 3, 2025
Asian markets tumble while US dollar surges and gold prices fall as Trump imposes tariffs; TSMC shares fall amid global tech sell-off...
2 days ago
Lendlease Global Commercial REIT posts 14.3% decline in 1HFY2025 DPU to 1.8 cents
Samantha Chiew - Lendlease Global Commercial REIT (LREIT) announced that its distribution per unit (DPU) for 1HFY2025 ended December 2024 has come in at 1.8 cents, 14.3% lower than 2.1 cents in the previous year. The lower DPU was primarily driven by higher finance costs, lower NPI as well as an enlarged unit base. ...
2 days ago
All eyes on capital management as DBS kicks off banks’ results on Feb 10; Maybank thinks DBS, UOB could ‘surprise’
Jovi Ho - All eyes are on capital management and how much Singapore’s three banks will return to shareholders when DBS Group Holdings kicks off the series of full-year earnings calls on Feb 10. Maybank Securities analyst Thilan Wickramasinghe thinks special dividends are likely from DBS, and likewise from ...
2 days ago
Pakistan Jan consumer inflation eases to 9-year low
KARACHI : Pakistan's consumer inflation rate fell to its lowest in more than nine years, dropping to 2.4 per cent year-on-year in January, the statistics bureau said on Monday.Inflation has cooled significantly, easing from 28.3 per cent in January 2024. Consumer prices in January rose 0.2 per ...
2 days ago
Thai finance ministry wants to see rates cut this year
BANGKOK : Thailand's finance ministry wants to see a cut in interest rates this year to be align with economic fundamentals and will discuss monetary policy easing with the central bank, a deputy finance minister said on Monday.Paopoom Rojanasakul said the ministry would also discuss with the B ...
2 days ago
KKR, Gaw look to sell Tokyo Hyatt Regency for over 100 billion yen
KKR and Gaw Capital Partners are in talks to sell the Hyatt Regency hotel in Tokyo to Japan Hotel Reit Investment for...
2 days ago
Hong Kong Q4 GDP expands 2.4% y/y, slightly faster than forecast
HONG KONG : Hong Kong's economy increased in the fourth quarter by 2.4 per cent from a year earlier, official advance estimates showed on Monday, expanding for an eighth quarter.That was a slightly faster rate than the mean forecast of 2.3 per cent year-on-year growth by eight economists in a R ...
2 days ago
Hong Kong's economic growth slows to 2.5% in 2024
HONG KONG: Hong Kong's economic growth slowed to 2.5 per cent in 2024 as residents increasingly look to spend elsewhere, the city's government said on Monday (Feb 3), warning that the year ahead will bring "heightened uncertainties". The Chinese financial hub saw a post-pandemic ...
2 days ago
Julius Baer announces 400 job cuts, executive board revamp
JULIUS Baer Group’s new chief executive officer Stefan Bollinger announced a radical revamp of the bank’s leadership and a cost-cutting drive that...
2 days ago
SingPost Singapore CEO Shahrin Abdol Salam resigns; COO Neo Su Yin to assume additional responsibility
Chong Xin Wei - Shahrin is reportedly leaving to “pursue opportunities outside the company”
2 days ago
EssilorLuxottica receives FDA clearance for its Nuance audio glasses
ROME : EssilorLuxottica said on Monday it received a green light from the U.S. Food and Drug Administration (FDA) for its over-the-counter Nuance audio glasses. Nuance - which pairs hearing solutions with prescription glasses - will be available in the U.S. and in Italy in the first quarter of the y ...
2 days ago
Julius Baer’s new CEO culls board jobs, signals more job cuts on the way
Bloomberg - Julius Baer Group’s new CEO Stefan Bollinger announced a radical revamp of the bank’s governance in his first moves in charge, and signalled that job cuts are on the way. The Swiss wealth manager’s executive board is being cut to five members from 15, and the bank will seek an additional 110 m ...
2 days ago
SingPost Singapore CEO Shahrin Abdol Salam resigns after less than a year in the role
SINGAPORE: SingPost's CEO for its Singapore business, Mr Shahrin Abdol Salam, has resigned after less than a year in the role. SingPost confirmed this on Monday (Feb 3) in response to CNA's queries, saying Mr Shahrin made the decision "to pursue opportunities outside the company&qu ...
2 days ago
France's LightOn lags 2024 revenue target in first results post IPO
:French generative AI startup LightOn on Monday reported first results since its November IPO, with 2024 revenue missing its own target due to delayed signing of some contracts.The LightOn shares fell 7.4 per cent to 17.39 euros by 0811 GMT, slashing the strong gains they have seen since the start o ...
2 days ago
France's LightOn reports first results post IPO, confirms revenue target
:French generative AI startup LightOn on Monday reported first results since its November IPO and confirmed its annual revenue target for 2025.The company said its annual recurring revenue (ARR) was 1.2 million euros ($1.23 million) in the full year 2024, which it expects to grow to 6 million euros ...
2 days ago
SoftBank, OpenAI team up to develop AI for Japan business
Bloomberg - SoftBank Group and OpenAI will create a joint venture to develop and sell AI services to businesses across Japan, establishing one of the broadest efforts yet to sell the fast-growing startup’s tools to enterprise customers outside of the US. Billionaire SoftBank founder Masayoshi Son and OpenAI ...
2 days ago
Japan's Mizuho posts 28% rise in Q3 profit
Japan’s Mizuho Financial Group, Japan’s third-largest banking group, on Monday (Feb 3) reported a 28% increase in third-quarter net profit.
2 days ago
Musk outlines scope of DOGE cuts, starting with foreign aid agency USAID
Bloomberg - Elon Musk, who now runs the government efficiency initiative he calls DOGE, sketched out plans for aggressive cuts to US spending and regulations that include wiping out the US Agency for International Development — and suggested the bond market should thank him for it. “We’ve just got to do ...
2 days ago
Trump says Americans may feel 'pain' in trade war with Mexico, Canada, China; vows to slap tariffs on EU
Trump’s plan to impose 25% tariffs on its three largest trading partners will slow global growth and drive prices higher for Americans
2 days ago
Trump says Americans may feel 'pain' in trade war with Mexico, Canada, China
Trump’s plan to impose 25% tariffs on its three largest trading partners will slow global growth and drive prices higher for Americans
2 days ago
KKR, Gaw look to sell Hyatt Regency hotel in Tokyo for over JPY100 bil
Bloomberg - KKR & Co. and Gaw Capital Partners are in talks to sell the Hyatt Regency hotel in Tokyo to Japan Hotel REIT Investment Corp for more than JPY100 billion ($879 million), according to people familiar with the matter. The two investment firms bought the hotel in the Shinjuku area for an estimated ...
2 days ago
Challenges abound, but private healthcare players upbeat as China hospitals ease rules on foreign ownership
Megan Cheah - Significant investments are needed for these hospitals to make returns, observers say
2 days ago
Private healthcare players upbeat as China hospitals ease rules on foreign ownership, but challenges abound
Megan Cheah - Significant investments are needed for these hospitals to make returns, observers say
2 days ago
Great Eastern’s Malaysian units terminate proposed acquisition of AmMetLife
Chong Xin Wei - The four parties were initially expected to sign agreements for the distribution of life insurance and family takaful products, a type of...
2 days ago
Japan's underlying inflation approaching 2%, economy minister says
TOKYO : Japan's Economy Minister Ryosei Akazawa said on Monday the country's underlying inflation was approaching 2 per cent, a goal that is included in the government's joint statement with the central bank aimed at coordinating policy to beat economic stagnation.Speaking in parliame ...