5 days ago
India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 days ago
ServiceNow to buy Armis for $7.75 billion as AI-fueled cyber risks surge
Dec 23 : ServiceNow on Tuesday agreed to buy cybersecurity startup Armis for $7.75 billion, in the enterprise software maker's biggest-ever deal, as it bolsters its services to help counter rising cyberattacks driven by AI adoption.Through the deal, the company aims to integrate Alphabet-backed ...
5 days ago
Orsted sells 55% of Taiwan wind farm to Cathay
COPENHAGEN, Dec 23 : Danish offshore wind developer Orsted has agreed to sell a 55 per cent stake in its Greater Changhua 2 offshore wind farm in Taiwan to life insurance company Cathay in a deal worth around 5 billion Danish crowns ($788.74 million), it said on Tuesday.Orsted, the world
5 days ago
Novo Nordisk shares jump almost 8% after US approves Wegovy pill
The approval gives the drugmaker a first-mover advantage in the race for a potent oral weight-loss medicine
5 days ago
GSH Corp’s joint development pact with Fujian Jinnan on Malaysian land development project expires
Kwan Wei Kevin Tan - GSH Corporation says it will no longer be working with Fujian Jinnan Construction Group to develop a land parcel in Malaysia. On Oct 8, GSH's subsidiary GSH Properties entered into a non-binding framework cooperation agreement with Fujian Jinnan to jointly develop a land parcel located in the C ...
5 days ago
NTT DC REIT added to S-REIT Benchmark Index
Kwan Wei Kevin Tan - The number of constituents in the Singapore REIT (S-REIT) Benchmark Index has gone up to 28 with newcomer NTT DC REIT joining the index. The benchmark index is relevant to the determination of the performance fee that may be paid to the manager under the trust deed constituting the respective REITs. ...
5 days ago
China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing
On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT
5 days ago
AI data centers are forcing dirty ‘peaker’ power plants back into service
Dec 23, CHICAGO - In Chicago’s working-class Pilsen neighborhood, a 60s-era oil-fired power plant rises up from an industrial lot behind Dvorak Park, which in warmer weather is packed with children climbing on its colorful playground and zooming down slides.The rarely-used eight-unit Fisk power ...
5 days ago
AI data centers are forcing obsolete ‘peaker’ power plants back into service
Dec 23, CHICAGO - In Chicago’s working-class Pilsen neighborhood, a 60s-era oil-fired power plant rises up from an industrial lot behind Dvorak Park, which in warmer weather is packed with children climbing on its colorful playground and zooming down slides.The rarely-used eight-unit Fisk power ...
5 days ago
Paramount’s new offer for Warner Bros is not sufficient, major investor says
The investors now have until Jan 21 to accept or reject the so-called tender offer
5 days ago
Paramount's new offer for Warner Bros is not sufficient, major investor says
Dec 23 : Paramount Skydance's latest offer to buy Warner Bros Discovery still is not good enough for prominent shareholder Harris Oakmark, the investor told Reuters on Friday. Warner Bros' fifth largest shareholder, owning 96 million shares or about 4 per cent of shares as of the end of ...
5 days ago
Vietnam puts 1,200-hectare, two-city International Financial Centre into operation
Jamille Tran - Hanoi introduces sweeping guiding frameworks that include Common Law elements, 10-year residency for foreign experts, and 30-year tax incentives
5 days ago
CPF in 2026: Higher CareShield Life payouts, matched MediSave top-ups and more
Shikhar Gupta - Six new changes will be rolled out, starting from Jan 1
5 days ago
A Trump-inspired ‘Big Beautiful’ baby bonus could help birth the next boom for Singapore equities
Jude Chan - It wouldn’t cost much relatively, and it could pave the way for stock investments to be part of our lives – while...
5 days ago
Chip turmoil will worsen on Nexperia spat: Wingtech chair warns
Ruby Yang adds that as the dispute continues, the damage to global industrial chain, investment confidence and shareholders deepens
5 days ago
Accrelist chairman continues share buying spree, raises stake to 29.65%
Kwan Wei Kevin Tan - Terence Tea, executive chairman and managing director of Accrelist, has raised his stake in the investment holding company to 29.65% after buying another 100,000 shares from the open market. Tea purchased the shares on Dec 22 at 4.8 cents apiece. With the purchase, Tea now holds 95,188,556 shares in ...
5 days ago
Singapore office landlords poised to turn more aggressive in rent expectations
Kalpana Rashiwala - Most property consultants project acceleration in CBD Grade A office rent growth in 2026, on the back of tighter supply
5 days ago
Indonesia’s major telco Indosat Ooredoo Hutchison enters JV to build fibre infrastructure
Lionel Lim - Venture with Arsari Group and Northstar Group will allow Indosat to monetise its fibre assets
5 days ago
Singapore stocks inch up on inflation forecast; STI gains 0.6%
Navene Elangovan - The iEdge Singapore Next 50 Index rises 0.2% or 2.38 points to 1,447
5 days ago
Japan to test mine rare-earth mud from deep seabed
TOKYO: Japan will conduct test mining of rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900km southeast of Tokyo, from Jan 11 to Feb 14, the head of the government-backed project said on Tuesday (Dec 23). The operation will mark the world's first attempt to continuou ...
5 days ago
DBS and OCBC hit record highs; will the rally continue in 2026?
Both banks are set to close the year on a strong note, while UOB may need more time to overcome volatility
5 days ago
Autobahn-Shariot group reveals possible S$100 million investment, says it is solvent
Derryn Wong - Shariot could be hived off into a JV with potential investors; group plans to begin repaying debts in January as its liabilities...
5 days ago
Unwrapping 2025: Top 10 Singapore news events
Deon Loke - [SINGAPORE] ‘Tis the season to look back. As the curtain falls on 2025, The Business Times takes stock of a year punctuated...
5 days ago
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
Therese Soh - Agreement is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation
5 days ago
Toyota to recall over 55,000 US vehicles over loose inverter connection, NHTSA says
Dec 23 : Toyota is recalling 55,405 vehicles in the U.S. as bolt inside the inverter may not have been tightened properly, causing incomplete contact at the inverter terminal, the U.S. National Highway Traffic Safety Administration said on Tuesday.The remedy is currentl ...
5 days ago
Amazon's Zoox to recall 332 US vehicles over software error
WASHINGTON, Dec 23 : Amazon's self-driving unit Zoox said on Tuesday it is recalling 332 self-driving robotaxis because vehicles may cross the yellow center line and drive into or stop in front of oncoming traffic near intersections, the National Highway Traffic Safety Administration said.Zo ...
5 days ago
Amazon's Zoox to recall 332 US vehicles over software error, NHTSA says
Dec 23 : Amazon's self-driving unit Zoox is recalling 332 vehicles in the U.S. over an automated driving systems (ADS) software error, the U.S. National Highway Traffic Safety Administration said on Tuesday.Zoox recalled certain ADS equipped with software versions released before Decem ...
5 days ago
Mapletree Investments expands European logistics footprint with 34,852 sqm facility acquisition in Netherlands
Kwan Wei Kevin Tan - Mapletree Investments has acquired a 34,852 sqm modern logistics facility in the Netherlands, the group announced on Dec 23. The facility is located within Roosendaal’s Business Park Borchwerf I, one of the Netherlands’ most established logistics hubs. It is also sited within Roosendaal’s tran ...
5 days ago
Citigroup, Daiwa are latest to expand Japan dealmaking teams
This is due to hostile takeovers no longer being taboo, and private equity and activist investors are more prominent
5 days ago
Earnings, rates and AI spending could drive returns: Klay Group
Samantha Chiew - The investment playbook for 2026 looks set to hinge on two questions: can corporate earnings broaden beyond a narrow set of winners, and can portfolios withstand renewed rate volatility as markets reprice central bank leadership and fiscal risk. Across equities, fixed income, commodities and currenc ...
5 days ago
Seatrium reassures project revenue recognition for nearly-completed Empire Wind 1 and Revolution Wind projects in US
Lin Daoyi - Seatrium says that revenue is being recognised for its nearly-completed US offshore wind projects — Empire Wind 1 and Revolution Wind — even as the sector is hit by a government suspension. "The projects are on progressive milestone payments and revenue would be recognised as per usual prac ...
5 days ago
Mapletree acquires logistics facility in the Netherlands for 32.3 million euros
Deon Loke - Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries
5 days ago
Mapletree acquires logistics facility in the Netherlands
Deon Loke - Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries
5 days ago
Samsung Electronics unit Harman to acquire ZF Group's ADAS business for $1.8 billion
SEOUL, Dec 23 : Samsung Electronics said on Tuesday its unit Harman International has agreed to acquire German automotive supplier ZF Friedrichshafen's advanced driver assistance system (ADAS) business for 1.5 billion euros ($1.77 billion). Samsung said the deal will allow Harman to se ...