Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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2 days ago
Mubadala offers to sell US$950 million of GlobalFoundries shares
A UNIT of Mubadala Investment is seeking to raise US$950 million in a sale of GlobalFoundries shares, two years after the chipmaker went public.
2 days ago
SAC Capital keeps Fu Yu Corp unrated despite 1QFY2024 in the black
Douglas Toh - SAC Capital analysts June Yap and Matthias Chan are encouraged by the 1QFY2024 ended March turnaround of precision plastics manufacturer, Fu Yu Corporation , after the company reported a net profit of $5,200 compared to a net loss of $2.4 million a year ago. For now, Yap and Chan have kept the stock ...
2 days ago
Hong Kong retail traders build big ETF wagers on rally reversal
HONG Kong’s retail investors are ramping up leveraged wagers that a surge in local equities may soon unravel.
2 days ago
Asia: Shares mixed after Fed minutes, while Nvidia provides support
ASIAN markets diverged on Thursday after minutes from the Federal Reserve’s most recent policy meeting indicated officials would keep interest rates elevated for some time as they struggle to bring inflation down to target.
2 days ago
Evergrande’s EV arm chased to repay subsidies in latest blow
THE electric vehicle (EV) unit of embattled real estate developer China Evergrande Group is being pursued by local governments to repay 1.9 billion yuan (S$354.1 million) in subsidies after failing to start mass-production of its long-awaited car.
2 days ago
China’s lacklustre earnings are nearing an inflection point on stimulus bets
OPTIMISM is growing among market watchers that efforts by Beijing to revive China’s economy will translate into a boost for the bottom line of its heavily-battered companies.
2 days ago
Up to 20,000 homes, including public housing, planned for new Turf City estate in prime Bukit Timah
Jessie Lim - ABOUT 15,000 to 20,000 homes are in the pipeline for a new housing estate on the Turf City site, which will include the first public housing in Bukit Timah in 40 years.
2 days ago
Up to 20,000 homes planned for new Turf City estate in Bukit Timah
Jessie Lim - ABOUT 15,000 to 20,000 homes are in the pipeline for a new housing estate on the Turf City site, which will include the first public housing in Bukit Timah in 40 years.
2 days ago
South Korea announces $19 billion support package for chip industry
SEOUL : South Korea announced on Thursday revised plans for a support package for the country's vital semiconductor industry worth 26 trillion won ($19.05 billion), the country's presidential office said on Thursday. Under the package, President Yoon Suk Yeol said the government planned a ...
2 days ago
TSMC expects semiconductor industry growth of over 10% this year
HSINCHU, Taiwan : Taiwanese chipmaker TSMC said on Thursday it expects growth in the semiconductor industry of more than 10 per cent this year, excluding memory chips. Senior vice-president Cliff Hou was speaking at an event in Hsinchu, where the company is headquartered. (Reporting By Fait
2 days ago
Seventh money launderer jailed for 15 months, forfeits S$22 million of assets
Tay Peck Gek - THE seventh accused in the billion-dollar money laundering bust was sentenced to 15 months’ jail after pleading guilty to two money laundering and one forgery charges on Thursday (May 23).
2 days ago
Singapore Airlines shares slip 1.3% after turbulent flight
SINGAPORE Airlines shares fell more than 1 per cent in early trade on Thursday, following a deadly turbulence-hit flight.
2 days ago
Gold retreats from near record-high levels as rate-cut bets ease
GOLD prices were listless on Thursday (May 23) after a recent rally lost steam to dip more than 1 per cent in the previous session, as traders started pulling back their expectations of rate cuts by the US Federal Reserve this year.
2 days ago
Citi considers reducing office space in Singapore tower
CITIGROUP is considering reducing its office space in Singapore as remote working gains traction in the city-state.
2 days ago
Citi considers reducing office space in Asia Square tower
CITIGROUP is considering reducing its office space in Singapore as remote working gains traction in the city-state.
2 days ago
Singapore shares muted at Thursday’s open; STI down 0.02%
Vivienne Tay - SINGAPORE shares entered Thursday’s (May 23) morning session barely moved, amid a sleepy trading session following the Vesak Day public holiday break on Wednesday.
2 days ago
South Korea holds rates, signals tight policy to stay over short term
SOUTH Korea’s central bank held interest rates at a 15-year high on Thursday (May 23), and struck a balanced policy tone while reiterating risks around inflationary pressures in the wake of stronger-than-expected economic growth.
2 days ago
South Korea extends rate pause, raises growth outlook
SOUTH Korea’s central bank kept its benchmark policy rate steady for an 11th straight meeting on Thursday as the economy showed no signs of slowing while inflation has begun abating only gradually.
2 days ago
US Justice Department to seek breakup of Live Nation-Ticketmaster
THE US Justice Department and a group of states will sue Live Nation Entertainment for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people familiar with the case.
2 days ago
US DOJ could seek break up of Live Nation, Bloomberg News reports
:The U.S. Department of Justice and a group of states will sue Live Nation Entertainment, potentially seeking a break up, Bloomberg News reported on Wednesday, outlining the next step in an antitrust campaign against the Ticketmaster owner. The Justice Department has been investigating Ticketmaster& ...
2 days ago
Dollar near one-week high on hawkish Fed minutes; pound unmoved by election news
TOKYO/LONDON :The dollar hovered near a one-week high on Thursday after its biggest daily percentage gain this month against a basket of peers a day before as minutes of the last Fed meeting revealed a willingness to raise interest rates among some officials, The pound was unmoved by the announcemen ...
2 days ago
Dollar hovers near highest in a week after hawkish Fed minutes
TOKYO : The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials.Sterling remained firm after jumping to a one-month peak followi ...
2 days ago
Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm
TOKYO :The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials.The New Zealand dollar continued its climb as an unexpected rise ...
2 days ago
Amazon, AI startup Hugging Face pair to use Amazon chips
Amazon.com's cloud unit on Wednesday said it has partnered with artificial intelligence startup Hugging Face to make it easier to run thousands of AI models on Amazon's custom computing chips.Valued at $4.5 billion, Hugging Face has become a central hub for AI researchers and developers to ...
2 days ago
Cromwell E-Reit sponsor to divest all interest in managers, Reit for 280 million euros
Mia Pei - CROMWELL Property Group, the sponsor of Cromwell European Real Estate Investment Trust (Cromwell E-Reit), entered into a binding agreement to divest all its stake in the Reit and its European fund management platform, including the manager and property manager, for a total consideration of approxima ...
2 days ago
Amazon will invest 15.7 billion euros in Spain in global AWS buildout
AMAZON.COM said it would invest 15.7 billion euros (S$23 billion) in Spain to expand its cloud business in Europe, the biggest outlay Amazon has announced so far on the continent, adding to a string of investment commitments around the world in recent weeks from the company and its rivals in the clo ...
2 days ago
Oil prices fall on worries of higher US interest rates
Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.Brent crude futures fell 27 cents, or 0.3 per cent, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures ...
2 days ago
Oil prices fall for fourth straight day as US rate hike prospects emerge
:Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand.Brent crude futures fell 46 cents, or 0.6 per cent, to $81.44 ...
2 days ago
Oil prices flat after Fed keeps interest rate options open
LONDON :Oil prices were little changed on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand.Brent crude futures were up 10 cents, or 0.1 per cent, at $82.00 a bar ...
2 days ago
Singtel sinks to S$1.3 billion H2 loss on Optus-led impairments; stronger sustained dividends expected
Yong Jun Yuan, Vivienne Tay - SINGTEL sank into the red with a net loss of S$1.3 billion for its second half ended Mar 31, 2024, compared with a net profit of S$1.1 billion in the same period a year earlier.
2 days ago
Singtel sinks into the red with S$1.3 billion loss for H2 on exceptional items
Vivienne Tay - SINGTEL sank into the red with a net loss of S$1.3 billion for its second half ended Mar 31, 2024, compared with a net profit of S$1.1 billion in the same period a year earlier.
2 days ago
Stocks to watch: SIA, Singtel, Sembcorp, Seatrium, Cromwell E-Reit, Sabana Reit
Mia Pei - THE following companies saw new developments that may affect trading of their securities on Thursday (May 23):
2 days ago
Companies put record amount in shareholders’ pockets: report
COMPANIES paid out a record amount of money in dividends to shareholders in the first quarter of 2024 as Alibaba and Meta made the their first-ever payments, a report said Thursday.
2 days ago
Japan's factory activity expands for first time in a year, PMI shows
TOKYO : Japan's factory activity crept into expansion for the first time in a year in May, a business survey showed on Thursday, as manufacturing gathered pace after months of weakness.The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) climbed to 50.5 in May from ...






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