3 days ago
Standard Chartered profit jumps 17%, books US$190 million charge on Iran war
The upbeat results highlight how European banks have so far been able to shrug off the direct impact of the war on...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Philippine central bank sees inflation rising to three-year high
The Philippines imports nearly all its oil needs from the Middle East
3 days ago
Wilmar shares fall 5.7% as hedging losses from Iran war weigh on results
Shikhar Gupta - Q1 profit down 22.8% at US$265 million; company cites temporary unrealised mark-to-market losses from hedging
3 days ago
Wilmar shares tumble up to 10.4% as hedging losses from Iran war weigh on results
Shikhar Gupta - Q1 profit down 22.8% to US$265 million; company cites temporary unrealised mark-to-market losses from hedging
3 days ago
Wilmar shares hammered by poor results, drop as much as 10.4% as Iran war hits company’s hedges
Shikhar Gupta - Q1 profit down 22.8% to US$265 million; company cites ‘temporary unrealised mark-to-market losses from hedging
3 days ago
Wilmar shares hammered by poor results; counter drops up to 10.4% as Iran war hits company’s hedging
Shikhar Gupta - Q1 profit down 22.8% to US$265 million; company cites ‘temporary unrealised mark-to-market losses from hedging activities caused by the Iran war’
3 days ago
Wilmar shares slide as much as 10.4% on Q1 net profit drop
Shikhar Gupta - The company posts a 22.8% drop in net profit for the first quarter
3 days ago
Wilmar shares slide as much as 8.9% on Q1 net profit drop
Shikhar Gupta - The company posts a 22.8% drop in net profit for the first quarter
3 days ago
Chinese firms struggle to catch up with South Korea, Taiwan leaders in AI chips, say analysts
Chloe Lim - Less-robust internal supply chains and US restrictions on China seen as holding down progress
3 days ago
Citigroup’s Japan banking head seeks expansion despite talent crunch
Besides investment banking, the firm’s other main businesses there include trading, corporate and commercial banking as well as transaction services
3 days ago
CDL AGM this year is more peaceful, as investors await more clarity on strategic review
Kwan Wei Kevin Tan - If an award were given for the most exciting annual general meeting (AGM) last year, real estate giant City Developments (CDL) (SGX: C09 ) would likely win it. Last year’s AGM was held in the wake of a boardroom dispute between Kwek Leng Beng, CDL’s executive chairman, and his son, CDL group CEO ...
3 days ago
AGM season: Are you a shareholder or a customer?
The Edge Singapore - Shareholders of a company are considered owners. They are entitled to a share of the company’s earnings, which may include dividends. In theory, this relationship is based on a shared interest in the long-term health of the business. Coming after results reporting, one of the most keenly watched p ...
3 days ago
Thai economy expands in Q1 but set to slow due to Middle East war, central bank says
BANGKOK, April 30 : Thailand’s economy expanded in the first quarter from the previous three months, supported by domestic demand and exports before the Middle East conflict escalated, but activity is expected to slow, the central bank said on Thursday.Economic activity in March was broadly unchan ...
3 days ago
Thai March factory output rises 0.75% y/y, above forecast
BANGKOK, April 30 : Thailand's manufacturing production index rose 0.75 per cent in March from a year earlier, the industry ministry said on Thursday, stronger than analysts' forecasts.The March reading compared with a year-on-year drop of 1.0 per cent forecast in a Reuters poll, and follo ...
3 days ago
BNP Paribas reports 9% rise in Q1 profit, investment bank stutters
The bank has reported a more modest 2.5% rise in trading revenues, with fixed income, currencies and commodities broadly stable
3 days ago
The rise and rise of the counterfeit economy
Kwan Wei Kevin Tan and Felicia Tan - The luxury boom sparked by the pandemic has slowed. Now, counterfeit superfakes are adding a new layer of trouble. Industry experts weigh in on how brands can fight back. A luxury handbag is more than an accessory; it is a status symbol. Beyond its craftsmanship, it can give an instant boost of conf ...
3 days ago
Octopus’ alcohol distribution business set for expansion with partners East and West
Teo Zheng Long - Numerous Singapore-listed companies, for one reason or another, have undergone major changes to their businesses after coming under new shareholders and management. One of the most famous examples is Berkshire Hathaway, which Warren Buffett transformed from a textile manufacturing company into the d ...
3 days ago
Changi Airport inks deal to be first overseas hub for China logistics giant SF Group
Deon Loke - Partnership expected to augment the airport’s express cargo capacity and network
3 days ago
Pop Mart’s US sales fall 45% as it struggles to find next Labubu
Still, the cooldown matters because America has become the toymaker’s most important overseas market
3 days ago
Lum Chang Creations to hold EGM on May 25 to seek approval for transfer to Mainboard
Felicia Tan - Lum Chang Creations will be holding an extraordinary general meeting (EGM) to be held on May 25 to seek shareholders’ approval for its proposed transfer to the Mainboard. Shareholders will also be voting on the proposed bonus issue where they will receive one bonus share for every one existing Lum ...
3 days ago
ComfortDelGro: From Singapore taxis to global multimodal transport
Julian Wong - Most investors still view ComfortDelGro primarily as Singapore’s iconic taxi operator. Group CFO Christopher White explains why the group’s successful international expansion, improving UK margins, disciplined capital allocation and attractive dividend yield present a more compelling investment ...
3 days ago
AI exposure: what investors are really paying for
Frankie Ho - Gradually but unmistakably, the way investors talk about Singapore stocks has changed. Companies long understood as semiconductor plays, industrial suppliers or infrastructure providers are now being framed, by analysts and investors alike, as AI beneficiaries. A precision toolmaker becomes an AI su ...
3 days ago
Airbus extends China winning streak with US$21.4 billion order
The European manufacturer is the biggest supplier to the Asian nation
3 days ago
Strengthening Singapore’s capital markets: A practitioner’s vision for a global equity hub
James Leong - Over the past few years, Singapore has signalled a renewed and vigorous commitment to revitalising its equity market. Initiatives such as the Equity Market Development Programme (EQDP) and the creation of dual-listing “bridges” with major overseas exchanges are timely catalysts. They have alread ...
3 days ago
After ESG fatigue, the real climate battleground is who bears the risk
Ben Chester Cheong - ESG remains a central reference point in corporate sustainability, but its practical application is entering a more complex phase. In the US, it is increasingly shaped by political and legal developments, while in Europe, regulators are recalibrating disclosure frameworks in response to concerns ove ...
3 days ago
Australia’s AirTrunk to invest US$3 billion in two new Malaysian data centres
The company has also said that it plans to spend US$5 billion in India
3 days ago
Samsung Electronics expects to win more customers for advanced logic chips
SEOUL: Samsung Electronics said on Thursday (Apr 30) it expects to win more deals to manufacture logic chips using its advanced 2-nanometer process in the near future, adding it has been in talks with big tech customers regarding the foundry contracts.Samsung, which competes with TSMC and Intel in t ...
3 days ago
Samsung’s chip profit soars 48-times due to AI spending frenzy
he results reflect massive spending by hyperscalers, with both Meta Platforms and Alphabet planning to plough even bigger sums into AI infrastructure
3 days ago
Dire Straits hasn’t stopped the flow of Money for Nothing
Chew Sutat - De-frosted from my sojourns in Bhutan earlier in April, we end the month with many markets swimmingly making new highs, ignoring the double blockade in the Strait of Hormuz by both the Iranians and the Americans. Why Worry, it seems, the markets hum, as the ripples of the energy crisis start to comp ...
3 days ago
AIA’s new business value climbs in first quarter on strong Hong Kong, China demand
The firm’s 18 markets in Asia include Thailand, Singapore and South Korea
3 days ago
The world needs an oil buyers’ club
Isabella M Weber and Gregor Semieniuk - The US blockade of maritime traffic entering and leaving Iranian ports in the Strait of Hormuz — a critical waterway through which Iran had previously prevented most ships from passing — is intensifying the global energy crisis. If Iran’s seaborne exports are interdicted, along with the energy ...
3 days ago
China's factory activity remains in expansion in April, PMI shows
BEIJING: China's factory activity expanded for a second straight month in April on firmer output and stockpiling activity, an official survey showed on Thursday (Apr 29), suggesting that growth momentum held despite external shocks stemming from the Middle East war.The official manufacturing pu ...
3 days ago
China's factory activity extends expansion, PMI shows, as Iran war risks mount
BEIJING: China's factory activity expanded for a second straight month in April, as manufacturers cranked up production to ship goods early to buyers worried the Iran war will further inflate costs, sending new export orders to their strongest level in two years.But the escalating Middle East c ...
3 days ago
The deeper forces shaping global trade
Tiago Devesa, Jeongmin Seong and Olivia White - With conflict disrupting shipping in the Middle East and the future of US tariffs still uncertain, global trade is firmly in the spotlight. But while it certainly matters how these political developments unfold, one must not lose sight of the deeper forces at work in the global economy. The past yea ...