3 days ago
Aramco will keep borrowing, CEO says, as oil slump cuts cashflow
Riyadh has led a push by the biggest Opec+ producers to unwind supply cuts at a faster-than-scheduled pace, at a time when...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Bank of Korea sees auto, steel, chip exports falling when tariffs hit
SEOUL :South Korea's exports of automobiles, steel and semiconductors are expected to fall as the impact of U.S. President Donald Trump's tariffs take effect later this year, the central bank said on Thursday.Weaker car exports will drag down South Korea's exports by 0.6 per cent, and ...
3 days ago
Sleeper issues in China's trade
Daryl Guppy - As surprising as it may seem, amidst all the noise and furore stirred up by US President Donald Trump over tariffs and China, quieter sleeper issues warrant closer scrutiny. These concerns often slip beneath the radar, even of well-informed China analysts. Recently, I attended a forum on China marke ...
3 days ago
K-pop giant Hybe opens office in Beijing to tap Chinese market
Sohee Kim / Bloomberg - Hybe, the company behind K-pop sensation BTS, has opened its first office in China in the wake of rising expectations that Beijing will soon lift a near-decade-long ban on Korean pop performances in the mainland. K-pop’s largest company opened an outpost in Beijing last month, according to a Hybe ...
3 days ago
Parkson Retail Asia breaks dividend drought. But is it jumping the gun?
Frankie Ho - There’s no doubt e-commerce has dealt a blow to brick-and-mortar retail worldwide. With online shopping a fixture of modern living, many department store chains have had to reduce their retail footprint. Quite a few have even packed up entirely in some places. In business for nearly four decades n ...
3 days ago
Asia: Equities boosted by US court’s tariff ruling, Nvidia results
[HONG KONG] Asian stocks rallied with US futures on Thursday after a US court blocked Donald Trump’s sweeping global tariff blitz, dealing...
3 days ago
Saudi Arabia: From a regional power to a global player
Derwin Pereira - On a visit to the Kingdom of Saudi Arabia (KSA) earlier this month, I was struck by how traditional modernity can be. That sounds like a contradiction in terms, but the contradiction is only apparent. After all, what is traditional today was modern once, and what is modern today will become traditio ...
3 days ago
Vietnam’s AI ambitions hinge on one US$6.8 billion tech company
Salamat Sanwan - FPT is now Vietnam’s biggest listed tech firm
3 days ago
South Korea delivers dovish cut ahead of snap election
SEOUL :South Korea's central bank cut interest rates for a fourth time in its current easing cycle on Thursday to support an economic recovery clouded by U.S. tariffs, just days ahead of a presidential election in Asia's fourth-largest economy.The Bank of Korea lowered its benchmark intere ...
3 days ago
M1 rolls out 5G RedCap network to boost enterprise IoT adoption
Nurdianah Md Nur - M1 has launched its commercial 5G RedCap network services for enterprise customers. The solution leverages Nokia’s 5G Reduced Capability (RedCap) technology to deliver a 5G-Advanced network that bridges legacy Internet of Things (IoT) systems with full 5G deployments. It offers higher reliability, ...
3 days ago
Inside China’s quiet reboot in Cambodia, Laos and Myanmar
Evan See - A slowing economy, local crises and global trade tensions complicate Beijing’s approach to Asean’s most aid-dependent states, turning once bold bets into...
3 days ago
Relight my fire: F&B players feel the withering heat
Samantha Chiew and Jovi Ho - Listed F&B operators are heading for the door, while retail REITs are hungry for more. Do investors still have an appetite for the sector? Breaking from the usual swirl of pastel-coloured cakes, one post on Flor Patisserie’s Instagram page stands out. “Sorry... it’s not a cake post” — ...
3 days ago
French president Emmanuel Macron to visit Singapore from May 29 to 30
Elysia Tan - He will call on President Tharman, meet PM Wong and speak at the Shangri-La Dialogue
3 days ago
Shopee unit partners Frasers Property Vietnam to build its biggest automated sorting centre in S-E Asia
Isabelle Chong - Facility includes advanced two-storey automated sorting machines that can sort up to 7 million parcels a day, the highest for SPX Express...
3 days ago
SPX Express partners Frasers Property Vietnam to build its biggest automated sorting centre in S-E Asia
Isabelle Chong - Facility includes advanced two-storey automated sorting machines that can sort up to 7 million parcels a day, the highest for SPX Express...
3 days ago
Musk departs US government with his business empire in turmoil
Gregory Korte, Jennifer A. Dlouhy and Dana Hull / Bloomberg - Billionaire Elon Musk said Wednesday that his time as formal adviser to US President Donald Trump is coming to a close, raising questions about the future of the Department of Government Efficiency effort he spearheaded. “As my scheduled time as a Special Government Employee comes to an end, I wou ...
3 days ago
Top Thai wind power firm to fund 65 billion baht of spending with IPO
The wind generator’s expansion plan dovetails with the government’s goal of adding around 16,000 megawatts of renewable power capacity, including atomic energy,...
3 days ago
Foxconn to soon announce another Japanese auto partner, chairman says
TAIPEI :Taiwan's Foxconn will soon announce another Japanese auto partner, Chairman Young Liu said on Thursday.Foxconn subsidiary Foxtron Vehicle Technologies and Japanese automaker Mitsubishi Motors this month signed a memorandum of understanding for the supply of an electric vehicle model.
3 days ago
Meta AI bot used a billion times monthly: Mark Zuckerberg
[SAN FRANCISCO] Meta chief Mark Zuckerberg touted the tech firm’s generative artificial intelligence (Gen AI) assistant on Wednesday, telling shareholders it is...
3 days ago
NIE partners AWS to drive innovation in educational technology
Nurdianah Md Nur - The National Institute of Education, Nanyang Technological University, Singapore (NIE NTU, Singapore) and Amazon Web Services (AWS) have signed a three-year Memorandum of Understanding (MOU) to boost research and innovation in educational technology. The partnership aims to prepare future-ready educ ...
3 days ago
‘Homecoming’ for US-listed China ADRs, HK$160 bil from ‘jumbo’ IPOs to keep HKEX valuation ‘elevated’: CGSI
Jovi Ho - A “homecoming” for US-listed China American Depositary Receipts (ADRs) is a “key share price driver” for Hong Kong Exchanges and Clearing (HKEX), and a continued strong IPO pipeline will keep valuation “elevated”, say CGS International Research’s Hong Kong analysts Laura Li and Michael ...
3 days ago
Daiichi Sankyo’s latest release contains ‘misleading statements’ on Fortis deal: IHH subsidiary
Felicia Tan - IHH Healthcare’s indirect subsidiary, Singapore-headquartered Northern TK Venture (NTK), says Daiichi Sankyo’s latest release dated May 22 contains “misleading statements” that continue to damage NTK’s interests. In the release, the Japanese drugmaker said NTK’s claims that it interfered ...
3 days ago
Australia aims to avoid Panama repeat in China port showdown
Albanese potentially faces a similar backlash from the Chinese government if Beijing perceives it’s being treated unfairly at the Port of Darwin
3 days ago
Hong Kong, Saudi bourses seek deeper ties to spur trading volume
Filipe Pacheco / Bloomberg - Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange traded funds wane and cross-listings fail to materialise. Hong Kong Exchanges & Clearing CEO Bonnie Chan and Mohammed Al-Rumaih, her counterpart at the Tadawul stock exchange, are poised to a ...
3 days ago
Agile partnerships can help Asia face global challenges: Gan Kim Yong
Elysia Tan - Also important are regional integration and reform of global institutions, especially the WTO
3 days ago
Agile partnerships can help Asia face global challenges: DPM Gan
Elysia Tan - Also important are regional integration and reform of global institutions, especially the WTO
3 days ago
South Korea central bank cuts rate, slashes 2025 growth forecast
[SEOUL] South Korea’s central bank cut interest rates on Thursday in a bid to cushion the export-dependent economy from US President Donald...
3 days ago
Japan expands military push against China with US stand in doubt
Alastair Gale and Mari Kiyohara / Bloomberg - Japan is stepping up efforts to deter China’s military ambitions in the Asia-Pacific as Tokyo and other US partners seek clarity from the Trump administration about its plans to counter Beijing’s power in the region. For the first time, Japan sent destroyers through the Taiwan Strait on two occa ...
3 days ago
Nvidia CEO warns that Chinese AI rivals are now ‘formidable’
Ian King and Ed Ludlow / Bloomberg - Nvidia CEO Jensen Huang said that Chinese AI rivals are filling the void left by the departure of US companies from that market, and their technology is becoming more powerful. “The Chinese competitors have evolved,” he said Wednesday in an interview with Bloomberg Television. Huawei Technologie ...
3 days ago
Sembcorp unit wins solar energy project to supply power in India
Therese Soh - The project brings the group’s gross renewables capacity in India to 6.3 GW
3 days ago
Sembcorp wins solar energy project to supply power in India
Therese Soh - The project brings its gross renewables capacity in India to 6.3 gigawatts
3 days ago
Sembcorp unit wins solar energy project to supply 150 MW of power in India
Therese Soh - The project brings the group’s gross renewables capacity in India to 6.3 GW
3 days ago
AI personal shoppers hunt down bargain buys
[NEW YORK] Internet giants are diving deeper into e-commerce with digital aides that know shoppers’ likes, let them virtually try clothes on,...
3 days ago
ABR Holdings powers growth through F&B and property
Samantha Chiew - ABR Holdings, known for bringing Swensen’s to Singapore over four decades ago, has posted strong results for FY2024, driven by steady growth in its F&B operations and rising contributions from its property segment. While originally rooted in the restaurant business, ABR has evolved over the ye ...