2 days ago
JD.com-backed group picks banks for IPO of Singapore Reit: sources
The listing, which could raise about S$1 billion, may take place as soon as this year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
India’s IndiGo names Iata head Willie Walsh as new CEO
Walsh is expected to join IndiGo no later than Aug 3
2 days ago
Global equities rebound on de-escalation hopes, ending a weak month
NEW YORK/PARIS, March 31 : Global equity and bond markets jumped on Tuesday on speculation of a potential de-escalation in the Middle East conflict that has driven the biggest one-month increase in global oil prices in history.Despite the rally, financial assets have suffered through a gloomy month ...
2 days ago
Global equities rebound to end a weak month, oil set for record monthly rise
NEW YORK/PARIS, March 31 : Global equity and bond markets jumped on Tuesday on speculation of a potential de-escalation in the Middle East conflict that has driven the biggest one-month increase in global oil prices in history.Despite the rally, financial assets suffered through a gloomy month on fe ...
2 days ago
Global equities rise; oil on track for record monthly gain
NEW YORK/PARIS, March 31 : Global shares rose on Tuesday and Brent crude oil prices were poised for a record monthly increase, as traders came to the end of a tumultuous March dominated by the Iran war.Iran attacked a fully-loaded oil tanker off Dubai early on Tuesday after President Donald Trump wa ...
2 days ago
Stocks rise, bonds steady, oil on track for record monthly gains
PARIS, March 31 : European shares rose on Tuesday but were still on track for their worst month since 2022, while oil prices were set for a record monthly increase, as traders came to the end of a tumultuous March dominated by the Iran war.Iran attacked a fully-loaded oil tanker off Dubai early on T ...
2 days ago
European stocks gain on hopes for Iran de-escalation, oil set for record monthly rise
PARIS, March 31 : European shares eked out small gains in morning trading on Tuesday but were still on track for their worst month since 2022, while oil prices were set for a record monthly rise, as traders came to the end of a tumultuous March dominated by the Iran war.Iran attacked a fully-loaded ...
2 days ago
Analysis:US tech stocks struggle for safe haven appeal in Iran market fallout
NEW YORK, March 31 : Technology shares are struggling to act as safe havens in the turbulence wrought by the Iran conflict - and that could be a big problem for the broader U.S. stock market.Tech and other megacap tech-related stocks have led U.S. equity indexes higher during much of a bull run that ...
2 days ago
World Gold Council, London Bullion Market Association work together to classify gold as HQLA
The Edge Singapore - The World Gold Council (WGC) and the London Bullion Market Association (LBMA) are working together to for the advancement of gold as a high-quality liquid asset (HQLA). HQLAs are are unencumbered assets that banks hold to ensure they can be easily and immediately converted into cash at little or no ...
2 days ago
FX payments startup OpenFX raises $94 million amid cross-border stablecoin push
NEW YORK, March 31 : OpenFX, a startup that focuses on foreign-exchange market making and remittances, on Tuesday raised $94 million in a funding round led by several venture capital firms, as the company looks to use stablecoins to speed up cross-border payments.The capital raise, which was led by ...
2 days ago
Water filter firm AOX rapped for misusing consumer watchdog’s logo
AOX had claimed that the Competition and Consumer Commission of Singapore verified its product-related findings.
2 days ago
Yangzijiang Shipbuilding bags US$980 million in vessel contracts in Q1
Paige Lim - The group’s outstanding order book stands at about US$22.8 billion
2 days ago
Ping An bets on AI to add US$174 billion to underperforming stock
A gateway linking 500 banking, insurance, and healthcare services sits at the core of the plan
2 days ago
DBS’ Tan Su Shan flags second-order risks from Middle East conflict despite limited exposure
Renald Yeo - Automotives, shipping and small businesses in focus as the lender tracks knock-on effects from prolonged tensions
2 days ago
Malaysia’s Petronas Chemicals tops Asia stocks with 102% rally
Malaysian stocks stand out this month amid the Iran war, helped by the country’s status as a net energy exporter
2 days ago
SIA extends Dubai flight suspensions to end-May on geopolitical woes
Shikhar Gupta - The flag carrier warns that other flights could also be affected
2 days ago
SIA extends Dubai flight suspensions to end-May
Shikhar Gupta - The flag carrier warns that other flights could also be affected
2 days ago
Indonesia's Pertamina will not increase fuel prices on April 1
The decision was taken after considering the interests of the people
2 days ago
South Korea hit by steepest stocks sell-off since 2008, currency tumbles
Foreigners sell a net 35.9 trillion won in Kospi shares this month
2 days ago
Some Singtel customers to get S$5 or S$10 'goodwill rebate' over recent network disruption
This comes after four incidents in the last month where Singtel users experienced network disruptions.
2 days ago
BlackRock to launch quant fund trading Singapore stocks
The actively managed fund, with at least S$500 million in assets, will allocate 50% or more to Singapore at the start
2 days ago
Exclusive-Eutelsat in talks with India's space agency to boost satellite launch options
PARIS, March 31 : Eutelsat, Europe's main rival to Elon Musk's satellite internet provider Starlink, is in talks with India's space agency about future satellite launches as it seeks to diversify beyond SpaceX and Europe's Ariane rockets.Jean-François Fallacher, CEO of France-ba ...
2 days ago
With Iran war’s cost impact just beginning, Singapore must take energy saving seriously
Janice Heng - Energy authority’s warning should prompt behavioural change, not merely calls for support
2 days ago
Hegseth says coming days will be decisive for Iran, Teheran threatens US businesses in region
Revolutionary Guards warns of strikes on 18 US firms, including Microsoft, Google and Apple, starting Wednesday
2 days ago
Indonesia to limit fuel sales to counter Iran war impact
2 days ago
Large 5.74ha Bayshore Drive mixed-use GLS site could draw $2 bil top bid: analysts
Jovi Ho - The large, 5.74ha Government Land Sales (GLS) plot at Bayshore Drive could draw up to six bids from developer consortiums, with the top bid expected to set a potential record of around $2 billion, according to analysts. The Urban Redevelopment Authority (URA) launched the tender for the Bayshore Dri ...
2 days ago
Helium stocks of South Korea's chipmakers to last until June, sources say
SEOUL, March 31 : South Korea has sufficient helium stocks until at least June, two sources said, while the industry minister ruled out any first-half supply disruptions, allaying worries over the Iran war's impact on supplies of the gas crucial for chipmaking. Prices of helium, a by-product of ...
2 days ago
Oil could spike to US$200 if Hormuz remains shut: energy consultancy
Every week, 100 million barrels of oil is not going through, and every month, 400 million barrels are not going through
2 days ago
Oil could spike to US$200 if Hormuz remains shut, Fesharaki warns
Every week, 100 million barrels of oil is not going through, and every month, 400 million barrels are not going through
2 days ago
Samsung Electronics to cancel $9.55 billion worth of treasury shares
SEOUL, March 31 : Samsung Electronics plans to cancel treasury shares on Thursday to boost shareholder value, a regulatory filing on showed Tuesday, in a deal worth about 14.6 trillion won ($9.55 billion) based on the shares' Monday closing price.Based on the shares' book value, the planne ...
2 days ago
Pricier fuel hits Tokyo cherry blossom river cruises
TOKYO, March 31 : A few dozen tourists hopped onto a small cruise boat in Tokyo to admire the cherry blossoms lining the Meguro River - a seasonal attraction that could soon become costlier for passengers and operators alike.The pink and white flowers that blossom in spring on cherry trees across Ja ...
2 days ago
Nebius furthers European expansion with $10 billion AI data centre in Finland
HELSINKI, March 31 : AI infrastructure firm Nebius Group on Tuesday said it was continuing its rapid European expansion with a 310-megawatt data centre in Finland, which would be one of the continent's largest with an estimated value of more than $10 billion as demand for AI computing grows.The ...
2 days ago
Logistics giant Katoen Natie to invest S$60 million in new Jurong Island facility
Sharanya Pillai - The company is investing an additional S$3.1 million in a fully automated storage and retrieval system
2 days ago
Exclusive-Vingroup proposes scrapping LNG-powered plant plan for renewables amid Iran war, document shows
HANOI, March 31 : Vingroup has told Vietnam's government it wants to ditch a plan to build the country's largest LNG-fired power plant and embark on a renewable energy project instead, as the Iran war has boosted the risk of the fuel becoming too expensive, a document showed.The March 25 d ...