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

Singapore Stock Market News Singapore Business News Singapore Market Updates



3 days ago
South Korean manufacturers' business sentiment drops to weakest in over 2 years
SEOUL: South Korean manufacturers' business sentiment for February weakened to the worst level in over two years, a central bank survey showed on Friday (Jan 27), hurt by heightened uncertainty over the economic outlook. An index that measures the business outlook for the manufacturing sector d ...
3 days ago
Spotify back up after second outage in two weeks
:Spotify Technology SA's music streaming platform suffered a brief outage on Thursday, leaving tens of thousands of users unable to access the platform before services appeared to come back online."Everything's looking much better now," Spotify Status, an account that provides up ...
3 days ago
Spotify down for thousands of users: Downdetector
Spotify Technology SA's music streaming platform was down for thousands of users on Thursday (Jan 26), according to outage-tracking website Downdetector.com. In the second such outage within two weeks, nearly 35,000 Spotify users reported on Downdetector.com they were having issues with the str ...
3 days ago
BuzzFeed soars on reports of plans to use ChatGPT's OpenAI, Meta deal
Shares of BuzzFeed extended gains to more than double in value on Thursday (Jan 26) on reports the digital media firm was planning to use artificial intelligence to personalize and enhance its online quizzes and content. "In 2023, you'll see AI inspired content move from an R&D stage t ...
3 days ago
Nigeria launches domestic card scheme in cashless bid
ABUJA: Nigeria's central bank on Thursday (Jan 26) launched a domestic card scheme to rival foreign cards like Mastercard and Visa, hoping to enhance its drive to make Africa's biggest economy a cashless society and save the country foreign transaction fees. The announcement by Central Ban ...
3 days ago
US watchdog should step up oversight of crypto auditors, say Democratic senators
US Democratic Senators Elizabeth Warren and Ron Wyden are calling on the country's accounting watchdog to increase oversight of firms that audit cryptocurrency companies in the wake of the collapse of crypto exchange FTX. In a letter to the US Public Company Accounting Oversight Board (PCAOB) m ...
3 days ago
For automakers, the EV surge is everything everywhere all at once
DETROIT : The surprise leadership shuffle on Thursday at Toyota Motor Corp, renewed urgency at Renault and Nissan Motor Co to restructure their alliance and Elon Musk's declaration that Tesla Inc will be the world's No. 1 automaker by a wide margin have one thing in common: What once defin ...
3 days ago
Sony's gaming chief met EU's Vestager on Microsoft's Activision deal -source
BRUSSELS : Sony's gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft's $69 billion bid for "Call of Duty" maker Activision Blizzard, a person familiar with the matter said on Thursday.The meeting came as the EU competition watchdog p ...
3 days ago
Sony's gaming chief met EU's Vestager on Microsoft's Activision deal: Report
BRUSSELS: Sony's gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday (Jan 26) to discuss Microsoft's US$69 billion bid for Call of Duty maker Activision Blizzard, a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog pr ...
3 days ago
New museum in Mexico spotlights endangered axolotl salamander
MEXICO CITY: A new museum and conservation centre dedicated to Mexico's critically endangered axolotl salamander is highlighting the amphibian's remarkable story that has captured the attention of scientists and the public alike. With an impressive ability to heal itself, the axolotl (pron ...
3 days ago
Luxury giant LVMH sales rise 9% in fourth quarter
PARIS :Luxury goods group LVMH posted a 9 per cent rise in sales in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to partly offset COVID disruptions in China.Sales at the world's biggest luxury group came to 22.7 billion euros ( ...
3 days ago
Luxury group LVMH's sales defy downturn as shoppers splurge
PARIS: Luxury goods group LVMH's sales rose 9 per cent in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping partly to offset COVID-19 disruptions in China. Sales at the world's biggest luxury group reached €22.7 billion (US$2 ...
3 days ago
US lawsuit against Google could benefit Apple and others
A landmark lawsuit by the US Justice Department against Alphabet's Google over its dominance of advertising technology could help rivals and websites that sell ad space, but leaves an uncertain future for the advertisers themselves, experts told Reuters. The Justice Department's complaint ...
3 days ago
NYSE mayhem traced to staffer who left a backup system running
MORE than 1,100 km from Wall Street, the backup data centre of the New York Stock Exchange (NYSE) in Chicago is supposed to safeguard US markets, standing by at all hours in case disaster ever strikes the world’s largest venue for trading shares.
3 days ago
Yellen lauds Ford's 100-year history in South Africa, flags more investments
SILVERTON, South Africa: US Treasury Secretary Janet Yellen on Thursday (Jan 26) lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it "can count on", including South Afr ...
3 days ago
Mongolia calls on Rio Tinto to keep budget for giant copper mine in check
LONDON: Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase its estimated US$7.06 billion budget for the project's expansion, its mining minister told Reuters. The two partners have only just ended a long-running tuss ...
3 days ago
Royal mail resumes more services after cyber incident
BRITISH postal firm Royal Mail is restarting some of its international export services, the company said on Thursday (Jan 26), two weeks after its operations were disrupted by what it called a “cyber incident.”
3 days ago
Toyota boss bows out on news outlet he trusts - his own
TOKYO: When the head of Toyota announced on Thursday (Jan 26) he would step down as CEO, Akio Toyoda opted for the news outlet he sees as the fairest source of information on the automaker's environmental record: his own. For the last three years, the 66-year-old has built up the "Toyota T ...
3 days ago
IMF mission to visit Pakistan this month to discuss stalled bailout programme
KARACHI, Pakistan :An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday, with the cash-strapped nation's economy in turmoil.Paki ...
3 days ago
IMF says its mission will visit Pakistan this month to discuss stalled funding programme
ISLAMABAD : An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday."At the request of the authorities, an in-person Fund mission i ...
3 days ago
Pakistan's cenbank foreign reserves fall $923 million to $3.68 billion -statement
ISLAMABAD : Pakistan central bank's foreign exchange reserves as of Thursday were down $923 million to $3.68 billion from the week ended Jan. 20, the bank said in a statement.Total foreign reserves held by the state bank and commercial banks stood at $9.4 billion, the statement said.The central ...
3 days ago
Pakistan's cenbank foreign reserves fall US$923 million to US$3.68 billion: Statement
ISLAMABAD: Pakistan central bank's foreign exchange reserves as of Thursday were down US$923 million to US$3.68 billion from the week ended Jan 20, the bank said in a statement. Total foreign reserves held by the state bank and commercial banks stood at US$9.4 billion, the statement said. The c ...
3 days ago
US says it 'hacked the hackers' to bring down ransomware gang, helping 300 victims
WASHINGTON :The FBI revealed on Thursday it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands from more than 300 victims. At a news conference, U.S. Attorney Ge ...
3 days ago
US says it 'hacked the hackers' to bring down ransomware gang
WASHINGTON :The Federal Bureau of Investigation hacked a prolific ransomware gang called Hive to disrupt its operations and rescue its victims, senior U.S. officials said on Thursday.In a joint announcement by U.S. Attorney General Merrick Garland, FBI Director Christopher Wray, and Deputy U.S. Atto ...
3 days ago
Hive ransomware group disrupted by international law enforcement: Source
WASHINGTON: The Hive ransomware gang has been disrupted by international law enforcement action, according to a person familiar with the matter and an announcement posted to the group's website. A flashing message posted to Hive's page said: "The Federal Bureau of Investigation seized ...
3 days ago
US: Wall St opens higher on soft landing hopes, Tesla boost
WALL Street’s main indexes opened higher on Thursday (Jan 26) after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla’s bullish outlook added to the cheer.
3 days ago
US Treasury, financial watchdogs, companies among FTX creditors, filing shows
3 days ago
Mapletree Industrial Trust announces rare 0.9% decline in DPU for nine months to Dec 31, 2022
Goola Warden - Mapletree Industrial Trust announced DPU for the three months to Dec 31, 2022, its 3QFY2023, of 3.39 cents, up 0.9% q-o-q but down 2.9% y-o-y. For 9MFY2023, DPU fell a marginal 0.7% y-o-y to 10.24 cents.Tham Kuo Wei, CEO of MIT’s manager said “While MIT’s operating metrics remained strong, we ...
3 days ago
Industry body clarifies what happens when crypto derivatives crash
LONDON: An industry body set out a global framework on Thursday (Jan 26) for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownership. The International Swaps and Derivatives Association (ISDA) published guidance for trading digital asset derivatives to ...
3 days ago
US dollar just off eight-month low ahead of US GDP data
THE US dollar edged up on Thursday (Jan 26) after sinking to an eight-month low against peers ahead of US economic data, with investors expecting a recession to encourage the Federal Reserve to slow down its monetary-tightening push.
3 days ago
With eyes on FTX bankruptcy, US regulator seeks more due diligence authority
NEW YORK: A top official with the US Commodity Futures Trading Commission (CFTC) is pressing lawmakers to give regulators authority to dig into the books of any firm seeking to acquire significant interest in any registered market player. In remarks expected to be published on Thursday, Democratic C ...
3 days ago
ChatGPT bot passes US law school exam
PARIS: A chatbot powered by reams of data from the internet has passed exams at a United States law school after writing essays on topics ranging from constitutional law to taxation and torts. ChatGPT from OpenAI, a US company that this week got a
3 days ago
Japan sets carbon capture roadmap with 6-12 million tonne/year target by 2030
TOKYO : Japan's industry ministry on Thursday set a target of annual carbon dioxide (CO2) storage capacity of 6-12 million tonnes by 2030 under a long-term roadmap for carbon capture and storage (CCS).Japan sees CCS technology - which removes CO2 emissions from the atmosphere and stores them un ...
3 days ago
Snap’s stock investors risk more pain on advertising woes
SNAP Inc’s shares are trading near their cheapest valuation on record, but a myriad of headwinds has investors doubtful over the prospect of a sustainable recovery ahead.
3 days ago
Why has Sabana REIT delayed its FY2022 results and DPU announcement?
Goola Warden - On Jan 26, the day that Sabana REIT had planned to anounce its FY2022 results including distributable income and distributions per unit, and have a results briefing, none of this took place. Instead Sabana REIT’s manager announced that according to paragraph 3.1 of the offer announcement of a part ...
3 days ago
Blackstone misses target to manage US$1t by end-2022
A YEAR after Blackstone Inc chief executive officer Steve Schwarzman told investors the firm would reach US$1 trillion in assets under management in 2022, it is shy of that mark.






Advertisement