3 days ago
Battery-maker CATL considers Hong Kong listing to raise US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion, making...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Sinopec forecasts China’s petroleum consumption will peak by 2027
CHINA’S petroleum consumption is expected to peak by 2027 at no more than 800 million metric tons, the state energy group said...
3 days ago
AI plays peacemaker for the soul of hybrid work
Vivek Satpathi - 2025 is shaping up to be a year of delicate economic recovery, as businesses continue to walk a tightrope, balancing balance growth ambitions whilst streamlining operational efficiency. Core to the latter is a driven, talented workforce that is kept happy and performing to peak productivity. After a ...
3 days ago
US Fed’s ‘new phase’ suggests the party is over for Wall Street
Before the December meeting, US financial markets have been drunk on rate-cut euphoria over the last three months
3 days ago
US central bank’s ‘new phase’ suggests the party is over for Wall Street
Before the December meeting, US financial markets had been drunk on rate-cut euphoria over the last three months
3 days ago
Instant view: Investors react to BOJ's decision to keep rates steady
The Bank of Japan kept interest rates steady on Thursday, as policymakers preferred to tread cautiously in pushing up borrowing costs amid uncertainty over U.S. president-elect Donald Trump's economic plans.As widely expected, the nine-member BOJ board decided to keep its short-term policy rate ...
3 days ago
Going beyond healthcare and into the realms of crypto
Khairani Afifi Noordin - Beyond his dedication to growing the businesses he is involved in, Kiat Lim is equally passionate about creating a ripple effect of positive change. Recognising his fortunate position of wealth, Lim believes it is his responsibility – and his family’s — to use it to bridge gaps and create op ...
3 days ago
South Korea potential growth rate estimated around 2%, central bank says
SEOUL: South Korea's potential economic growth rate is estimated to have fallen to around 2 per cent and is projected to fall further below 1 per cent by the late 2040s due to a lack of innovation and inefficient resource allocation, the central bank said on Thursday. The Bank of Korea (BOK) es ...
3 days ago
BOJ keeps rates steady by 8-1 vote, board member Tamura dissents
TOKYO : The Bank of Japan kept interest rates steady on Thursday, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2 per cent target.As widely expected, the board decided to keep the BOJ's short-term ...
3 days ago
PBOC offers strongest yuan support since July after US dollar gains
CHINA ramped up support for the currency via its daily reference rate after US Federal Reserve’s caution over future interest rate cuts...
3 days ago
Growing Thomson Medical’s potential
Khairani Afifi Noordin - Kiat Lim, son of ‘Remisier King’ Peter Lim, has been tasked with running Thomson Medical Group A50 . He has identified Vietnam as the place to be after the acquisition of a hospital for US$353 million. What plans does he have to ride Asia’s growing healthcare needs? At the tender age of 28, Ki ...
3 days ago
Travel and tourism sector deal activity down by 5.9% in 2024
Samantha Chiew - A total of 649 deals [mergers and acquisitions (M&A), private equity and venture financing] were announced in the travel and tourism sector during January to November 2024, which represents a y-o-y decline of 5.9% compared to the 690 deals announced during the same period in 2023, reveals Global ...
3 days ago
Japan brokerages boost pay, perks for retirement-age staff
JAPAN’S biggest securities firms are raising pay and benefits for workers who reach retirement age, highlighting the urgency to retain talent in...
3 days ago
South Korea regulator asks banks to adjust FX loans to help stabilise market
SEOUL : South Korea's financial regulator on Thursday asked local banks to consider flexibly adjusting the maturity of foreign exchange transactions and loans for companies amid heightened volatility in the currency market. That would help ease demand for dollars and stabilise the dollar-won ra ...
3 days ago
Indonesian gov't unlikely to back down on B40 mandate, RHB keeps ‘overweight’ on plantation sector
Khairani Afifi Noordin - RHB Bank Singapore analyst Hoe Lee Leng is maintaining her “overweight” call on the plantation sector with Bumitama Agri P8Z as one of her top picks following a meeting with the Indonesian Palm Oil Association (GAPKI). In her Dec 19 note, Hoe says the B40 biodiesel mandate is likely to stick. ...
3 days ago
Gold at one-month low after Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace...
3 days ago
Gold at one-month low after US Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace...
3 days ago
‘Buy’ Keppel Infrastructure Trust for dividend certainty and inorganic growth push: DBS
Khairani Afifi Noordin - DBS Group Research analyst Suvro Sarkar is keeping “buy” on Keppel Infrastructure Trust A7RU (KIT) with a target price of 57 cent citing dividend certainty and inorganic growth push. After a brief hiatus in 2023, KIT is back on the M&A bandwagon, says Sarkar. In early 2024, KIT acquired Ve ...
3 days ago
Yeo Hiap Seng to receive compensation of $32 million after Oatly terminates production deal
The Edge Singapore - Yeo Hiap Seng will receive a $32 million "exit compensation" after Oatly terminates a 2019 "co-packing" agreement to produce products under the Swedish brand. As a result, YHS will stop production of oat milk and will lay off 25 employees. However, YHS will continue to distribute ...
3 days ago
CNA Explains: Honda-Nissan merger talks – why Japan’s automakers are scrambling to catch Chinese rivals
CNA's Roland Lim takes a closer look at the rise of China's EV market and the potential challenges for Nissan and Honda.
3 days ago
South Korean won hits weakest since March 2009 on hawkish Fed
SEOUL : The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment sparked by the U.S. Federal Reserve's cautious stance on more interest rate cuts, on top of domestic political uncertainty. The won was quoted at 1,450.0 per dollar in onshor ...
3 days ago
South Korean won hits 15-year low as hawkish Fed, domestic politics weigh
SEOUL: The South Korean won dropped to its weakest level in 15 years on Thursday (Dec 19), weighed down by risk-averse sentiment after the US Federal Reserve's cautious stance on more interest rate cuts, as well as domestic political uncertainty. The won was quoted at 1,449.9 per dollar in onsh ...
3 days ago
Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious...
3 days ago
Addvalue Technologies wins new US$1.5 mil order from repeat customer
The Edge Singapore - Addvalue Technologies has won a US$1.5 million order from a repeat customer, which will have a "material positive impact". With this order, Addvalue Technologies A31 has a total order book of US$16.1 million. The order, to be delivered over the coming year, is to supply its own software ...
3 days ago
China’s LGFVs raise record dim sum debt as domestic curbs bite
CHINESE local government financing vehicles (LGFVs) are selling an unprecedented amount of offshore yuan bonds, skirting attempts made by Beijing to reduce...
3 days ago
Oil falls on demand concerns after Fed signals slower easing ahead
BEIJING : Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signalled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand.Brent futures fell 33 cents, or 0.45 per cent, to $73.06 a barrel by 0107 GMT. U.S. West Texas Intermediate cru ...
3 days ago
Singapore shares open lower on Thursday; STI down 0.9%
SINGAPORE shares opened in the red on Thursday (Dec 19), tracking broader losses in Asia after the US Federal Reserve signalled fewer...
3 days ago
STI continues losing streak, falls 0.4 per cent after US Fed signals fewer rate cuts
Benjamin Cher - Across the broader market, losers outnumber gainers 340 to 176, as 1.2 billion securities worth S$1.3 billion change hands
3 days ago
STI retreats 0.5% after US Fed signals fewer rate cuts; bank shares, Reits fall
SINGAPORE shares traded in negative territory on Thursday (Dec 19) afternoon, tracking broader losses in Asia after the US Federal Reserve signalled...
3 days ago
ANZ’s outgoing CEO to forfeit 2024 long-term variable remuneration
THE CEO of Australian No. 4 bank ANZ Shayne Elliott gave up a long-term performance bonus worth A$3.2 million (S$2.7 million) due...
3 days ago
Wall Street traders rush for the exit after Fed's rate-cut shift
Bloomberg - Almost exactly one year after sparking a furious rally in financial markets, Federal Reserve Chair Jerome Powell did the exact opposite on Wednesday, staking out a cautious view on interest-rate cuts in 2025 that stunned investors. Stocks tumbled 3% and bonds plunged too, sending yields on benchmark ...
3 days ago
Amazon workers to strike at multiple US warehouses during busy holiday season
Thousands of Amazon.com workers will walk off the job on Thursday at 6 a.m. ET (1100 GMT), in the crucial final days before Christmas, after union officials said the retailer failed to come to the bargaining table.The International Brotherhood of Teamsters said unionized workers at facilities in
3 days ago
Yeo Hiap Seng lays off 25 employees as Oatly shuts its Singapore plant
Chong Xin Wei - They will receive severance packages based on their salary and years of service
3 days ago
US backs off effort to recall about 50 million airbag parts
US AUTO safety regulators backed down from forcing a recall of about 50 million airbag inflators they have said could explode in...