3 days ago
India's Wipro names AI chief, head of 'Americas 2' unit quits
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
India's Wipro names Nagendra Bandaru as CEO of AI segment
(Corrects typographical error in media packaging code)April 1 : Indian IT services firm Wipro on Wednesday named insider Nagendra Bandaru as the CEO of its AI segment.
3 days ago
SpaceX seen as make-or-break test for mega IPOs
April 1 : The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough. The last company to make a market debut at over a trillion dollar valuation was Saudi Aramco in 2019.An over "trillion-dollar" valuation, a CEO with a cult-like retail followin ...
3 days ago
Trump says US may exit Iran war soon, threatens to quit Nato
IEA’s head says the main issue so far from Teheran’s closure of the Strait of Hormuz is the lack of jet fuel...
3 days ago
Trump says US may exit Iran war soon and threatens to quit Nato, as oil crisis escalates
Hit to global oil supply will double this month, IEA says
3 days ago
Swiss finance minister sues for defamation over Grok-created post
ZURICH, April 1 : Swiss Finance Minister Karin Keller-Sutter has filed a criminal complaint for defamation and insult after an X user published an obscene post about her created by Elon Musk's chatbot Grok, a spokesperson for her ministry said on Wednesday.On March 10, an X user urged Grok in G ...
3 days ago
PetroChina plugs Singapore plant’s shortfall with crude from China storage, trackers say
The tanker New Merit hauls 1.8 million barrels of crude from Dalian to Jurong Island
3 days ago
India's Maruti Suzuki warns of price hikes as Gulf war raises costs
NEW DELHI/BENGALURU, April 1 : India's top carmaker, Maruti Suzuki, said on Wednesday that it will likely raise prices as the Middle East war has pushed up commodity prices, wiping out gains from last year's consumption tax cuts.The Iran war has driven up the prices of everything from oil ...
3 days ago
Nio deliveries rise 136% in March; Q1 volume nearly doubles
Shikhar Gupta - Cumulative deliveries reach 1,081,057 as at Mar 31
3 days ago
Unilever and McCormick investors find US$65 billion food deal hard to swallow
Analysts and investors cite concerns over deal structure, integration challenges, and regulatory risks
3 days ago
Microsoft to invest US$5.5 billion in Singapore to deepen AI push
Young Zhan Heng - The investment, which runs till 2029, will go towards expanding cloud and artificial intelligence infrastructure, as well as talent development
3 days ago
Shell in advanced talks with Venezuela for more gas areas
It could make a decision on the flagship project by the end of this year
3 days ago
Singapore stocks rebound on optimism over Iran war resolution; STI up 1.8%
Ranamita Chakraborty - Across the broader market, gainers outnumber decliners 468 to 176 after 1.7 billion securities change hands
3 days ago
Tesla Q1 deliveries seen rebounding nearly 10% from year-ago slump
3 days ago
PetroChina plugs Singapore plant's shortfall with crude from China storage, trackers say
SINGAPORE: PetroChina has supplied a rare cargo of close to 2 million barrels of crude oil from storage in China to its half-owned refinery in Singapore, as the firm moves to plug shortfalls triggered by the Iran war, accordi
3 days ago
High-profile Singaporean auto exec Soh Wei Ming’s EV brand BeyonCa ceases operations
Derryn Wong - China-based luxury EV maker has reportedly ceased operations and left employees unpaid
3 days ago
Singapore plays neutrality card to vault central bank gold, elevate bullion hub status
Benicia Tan - Emphasising sovereign-grade vaulting, internationally aligned standards can set the Republic apart: analysts
3 days ago
BYD's vehicle sales slide extends in March
BEIJING, April 1 : BYD was stuck in a sales decline for the seventh straight month, Reuters calculations show, as the Chinese electric vehicle maker struggled with elevated competition in the world's largest auto market. Vehicle sales dropped 20.5 per cent last month from a year earlier to 300, ...
3 days ago
Pakistan's consumer price inflation hastens to 7.3% on-year in March
ISLAMABAD, April 1 : Pakistan's CPI inflation quickened to 7.3 per cent year-on-year in March, compared to a 7 per cent on-year rise in February, data from the statistics bureau showed on Wednesday.
3 days ago
South Korea to tighten public-sector driving curbs as energy alert raised
SEOUL, April 1 : South Korea said on Wednesday it would further tighten driving restrictions for public sector workers, as Asia's fourth-largest economy raised its resource security crisis alert in the face of the Middle East crisis. South Korea is raising its energy security alert to a "w ...
3 days ago
Hong Kong Feb retail sales jump 19.3%, seen support from visitor growth
April 1 - Hong Kong's retail sales by value jumped 19.3 per cent in February from a year earlier, the 10th month of gains, with sales by most broad types of retail outlet registering growth, government data showed on Wednesday.* It was the biggest percentage rise since June 2023, when retail sa ...
3 days ago
New BOJ board member warns of stagflation risk from Iran war
TOKYO, April 1 : Japan may face stagflation risks from the Iran war that would be challenging to deal with using monetary policy, new Bank of Japan board member Toichiro Asada said on Wednesday.With Japan having emerged from deflation and now facing inflation, the BOJ can no longer focus solely on k ...
3 days ago
India hikes jet fuel, commercial LPG cost
NEW DELHI: India's oil ministry said Wednesday (Apr 1) that domestic jet fuel prices would rise as the Middle East war pushed up energy costs, but that it had cushioned airlines from an expected 100 per cent jump.Aviation t
3 days ago
AI and gender inequality: DBS’ Tan Su Shan and former Singapore president Halimah Yacob look at rising risks
Jermaine Fok - Their discussion at DBS International Women’s Day event also covers issues such as female representation in leadership roles
3 days ago
Some IP insurers hike premiums of base plans for private hospital and A-class wards
Genevieve Cua - This comes after launch of new, cheaper riders which do not cover deductibles, the latest effort to curb ‘buffet syndrome’
3 days ago
Asia LNG imports drop most since 2022 as Iran war upends supply
[BEIJING] Asian liquefied natural gas imports fell the most in more than three years last month as the conflict in the Middle...
3 days ago
Hyundai Motor reports March South Korea EV sales up 38% from a year ago
SEOUL, April 1 : Hyundai Motor sold 7,809 electric vehicles (EVs) in South Korea in March, up 38 per cent from a year earlier, the South Korean automaker said in a regulatory filing on Wednesday.The jump in EV sales in South Korea contrasted with Hyundai's overall performance. The South Korean ...
3 days ago
Australia spending holds up as war drives oil spike, CBA says
The figures show Australia’s economy was on a strong footing before the central bank began raising interest rates
3 days ago
Geo Energy diversifies into high-value coking coal with new Indonesia mine stake
Shikhar Gupta - The deal is for a 50.6% stake in Mutiara Hitam Sukses, which owns mine operator Harfa Taruna Mandiri
3 days ago
VinFast delaying break-even target to after 2027 due to growth push, sources say
HANOI, April 1 : Vietnamese electric vehicle maker VinFast now expects that it will only break even after 2027 as it pushes ahead with plans to expand rapidly while also dealing with rising costs, two people with direct knowledge of the matter said.The Nasdaq-listed startup has made forays into Indo ...
3 days ago
National standard for EV charging upgraded to include new tech such as wireless systems
[SINGAPORE] The standard for electric vehicle (EV) charging will be upgraded from Wednesday (April 1) to pave the way for the safe operation...
3 days ago
Interactive: Singapore rolls out driverless vehicles, one route at a time
Hyrie Rahmat - Autonomous shuttles have hit the streets at a measured pace, as the Republic navigates how they fit into its wider transport system
3 days ago
Singapore rolls out driverless vehicles, one route at a time
Hyrie Rahmat - Autonomous shuttles have hit the streets at a measured pace, as the Republic navigates how they fit into its wider transport system.
3 days ago
OCBC breaches S$100 billion market cap as shares hit record high
Shikhar Gupta - DBS is the only other Singapore stock in the exclusive club