1 day 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
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Heavy rain in Vietnam’s top coffee-growing region threatens crop
Robusta beans are typically used in instant drinks
1 day 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 ...
1 day 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 ...
1 day ago
Chinese copper demand sags in busy season after prices surge
A slump in government spending, meanwhile, has kicked away another prop to demand
1 day 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
1 day 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...
1 day ago
CDL’s 3QFY2025 update scores upgrade and 73% higher target price from RHB
Jovi Ho - Analysts have mostly raised their target price on City Developments (CDL) following the release of its business update for 3QFY2025 ended Sept 30. Citi Research’s Brandon Lee has the highest target price among a handful of houses here, with a “buy” call and $9.01 estimate as at Nov 18. Still, ...
1 day ago
BOJ board member Koeda calls for policy normalisation
Sharon Lee - [NIIGATA] The Bank of Japan must continue to normalise monetary policy by raising real interest rates to “a state of equilibrium” to...
1 day ago
Nvidia’s Huang says company has plenty of new chips to sell
The China market remains a weak spot due to US export restrictions
1 day ago
Tipping point or bubble? Nvidia CEO sees AI transformation while skeptics count the risks
SAN FRANCISCO :Nvidia CEO Jensen Huang says he does not see an AI bubble, but rather a tipping point.In his view, the kind of computing his company specializes in will come to suffuse everything from writing code to running legions of robots in the everyday world.But a growing band of market skeptic ...
1 day ago
Gold gains with traders awaiting US data for fresh Fed cues
Traders now see nearly a 33% chance for a rate cut at the Fed’s Dec 9 to 10 meeting
2 days ago
Ringgit, baht set to benefit from rate cuts ahead as Asian currencies stabilise: report
Sudeshna Dhar - Countries have also bypassed US to trade with one another in view of tariff risks
2 days ago
Ringgit, Thai baht set to benefit from rate cuts ahead as Asian currencies stabilise: report
Sudeshna Dhar - Countries have also bypassed US to trade with one another in view of tariff risks
2 days ago
Asian currencies to regain ‘much-needed’ stability in 2026: DBS report
Sudeshna Dhar - Countries have also bypassed US to trade with one another in view of tariff risks
2 days ago
Billionaire family turns India’s gold obsession into a fortune
The steady growth has led to three straight years of stock gains for the company, including a 73% rally this year
2 days ago
BOJ policymaker calls for raising interest rates
NIIGATA, Japan :The Bank of Japan must continue to normalise monetary policy by raising real interest rates to "a state of equilibrium" to avoid creating unintended distortions in the future, board member Junko Koeda said on Thursday.The remarks suggest Koeda, an academic who joined the ce ...
2 days ago
BOJ policymaker leans towards rate hike despite government pushback
NIIGATA, Japan: The Bank of Japan must keep raising real interest rates to "a state of equilibrium", board member Junko Koeda said on Thursday in the wake of renewed yen slides, driven by market expectations that political pressure will keep any rate increases slow.The remarks suggest Koed ...
2 days ago
Oil rebounds as deadline on US sanctions waiver looms
TOKYO :Oil prices edged higher on Thursday, recovering from losses in the previous session, as markets assessed the latest U.S. proposals to end the war in Ukraine and prepared for a U.S. deadline to cease operations with two major Russian oil firms. Brent crude futures climbed 21 cents, or 0.33 per ...
2 days ago
China leaves benchmark lending rates unchanged for the sixth straight month
October economic data, including a contraction in exports and a further slowdown in retail sales, point to a tougher fourth quarter, analysts...
2 days ago
US approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain
The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the Commerce Department says
2 days ago
Wilmar China unit found guilty of contract fraud; will appeal against court decision
Deon Loke - It has been found to be jointly liable for 1.88 billion yuan in losses
2 days ago
Wilmar China unit found guilty of contract fraud, jointly liable for 1.88 billion yuan in losses; will appeal against court decision
Deon Loke - It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades
2 days ago
Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
Deon Loke - It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades
2 days ago
Major music labels strike licensing deals with AI streaming startup Klay, Bloomberg News reports
Universal Music Group, Sony Music and Warner Music Group have licensed their catalogs to Klay, an AI-powered music streaming startup that will let users remake songs using artificial intelligence, Bloomberg News reported on Wednesday, citing people familiar with the deals.Reuters could not immediate ...
2 days ago
CDL divests US$143.5 million residential asset in Silicon Valley area
Therese Soh - Part of the group’s capital recycling and portfolio management, the sale allows it to lower gearing and redeploy capital
2 days ago
China investment bank CICC to acquire two smaller rivals
Beijing is trying to cultivate first-class domestic investment banks capable of standing up to global heavyweights
2 days ago
China’s top investment bank CICC plans three-way merger
The three entities will have a combined capital of 11.3 billion yuan
2 days ago
Japan's Nikkei up 4% after bumper Nvidia results
TOKYO: Japan's Nikkei index jumped 4 per cent on Thursday (Nov 20) after Nvidia reported bumper results and "off the charts" demand for AI chips.The earnings from the bellweather firm will likely
2 days ago
Stocks rally as bumper Nvidia report offsets Fed rate concern
HONG KONG: Asian markets rallied Thursday (Nov 20) after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut.Global equities have struggled of late owing to warnings that v ...
2 days ago
Australia banking regulator warns on elevated risks from abroad
APRA and other regulatory agencies are attempting to strengthen the system with further work dedicated to geopolitical risk
2 days ago
Stocks to watch: SGX, CSE Global, Manulife US Reit, Keppel Reit, Wilmar, CDL
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Nov 20):
2 days ago
Trump considering executive order to preempt state AI laws
US PRESIDENT Donald Trump is considering an executive order that would seek to preempt state laws on artificial intelligence through lawsuits and...
2 days ago
Asia’s currency-defence war chest has swelled to US$8 trillion
The major central banks in the region have added more than US$400 billion to their reserves this year