Singapore Financial News

Olympic medalist and ace Indian shuttler PV Sindhu suffered a first-round defeat in the Indonesia Open 2024 in Jakarta on Wednesday.

Hindalco Industries: Novelis Inc., a subsidiary of Hindalco Industries, has delayed its IPO due to market conditions. The company, which had planned to raise $810 million to $945 million, will reassess the offering’s timing.

BJP has erased almost all the gains made by the Nifty this year in just one day. The Nifty fell by 1,379 points or 5.93% on Tuesday, but it still trades at an expensive valuation compared to global markets, with 21.27 times its one-year forward earnings, second only to Japan. Both India and Japan have experienced sharp rallies, driven by rapid economic growth in India and corporate reforms in Japan. Currently, the Chinese market is trading at 11 times its one-year forward earnings, while Singapore, Korea, Hong

SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment.

Singapore – H2O DAO, a decentralized autonomous organization dedicated to empowering the Web3 community, is thrilled to unveil its ambitious resurgence. This comprehensive transformation includes a bold new brand identity , a meticulously revised white paper , and a detailed roadmap that charts the DAO’s visionary path forward.

India doesn’t address concern over taxation, the chief of IATA warned on Tuesday.

Lloyd Austin visited Cambodia on Tuesday in an effort to reset ties with the staunch China ally.

Named after the famous bridge in Venice which connects two sides of the Grand Canal, Project Rialto is a collaboration of the BIS Innovation Hub Eurosystem and Singapore Centres in partnership with several central banks. It explores a new automatic FX settlement layer using wCBDC as a safe settlement asset that could be deployed for interlinked instant payment systems or digital asset systems.Improving cross-border payments is an explicit international policy goal and a priority of the G20.

Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a «Clean Economy» investor forum to boost infrastructure and climate investments across the region.

Continuum Green Energy, a renewable energy generator, is seeking to raise about $650 million in bonds for seven years to refinance its existing debt, said people with knowledge of the matter. The company is likely to appoint Deutsche Bank, HSBC, JPMorgan, and Standard Chartered Bank as arrangers. The fundraise is likely to refinance $561 million in bonds raised by its subsidiary, Continuum Energy Levanter Pte Ltd, which were raised at 4.5% and due in February 2027. However, the all-in cost of the bond is almost double the 4.5%,prompting the company to refinance the earlier tranche, a person cited above said.

Star Trek: Prodigy" season 2 is all set to be released on Netflix. The first season was premiered on Christmas Day and now the second season will premier on July 1 this year, as per a report on WhatsOnNetflix.

Alphabet's Google said on Monday the completion of its data centre and cloud facilities expansion in Singapore meant it had invested $5 billion in its technical infrastructure in the Southeast Asian nation. The company said its data centres in Singapore employ over 500 people and are used to power services such as Google Search and Maps.

Mint on the sidelines of the annual general meeting of the International Air Transport Association, a global airline body. On receiving the nod from NCLT, the airline hopes to take another 4-5 months to merge the air operator certificate of AIX Connect with Air India Express. The Tatas acquired both Air India and its subsidiary Air India Express in January 2022.

Singapore government’s sovereign fund Temasek and US financials service major Fidelity have together invested $200 million in Lenskart through a secondary share sale, according to a statement.

turbulence on flights: eyes squeezed shut, hands clamped to the armrests for dear life, bracing for the roller coaster to come.

SINGAPORE—China’s defense minister sought to assuage fears of confrontation between the Chinese and American militaries a day after the U.S. defense chief did the same, part of an effort to manage tensions between the two global powers in a turbulent environment. He also warned Washington against testing Beijing’s limits on its core interests, in a sign of how delicate and tentative the rapprochement remains.

Asia-Pacific version of NATO through its Indo-Pacific strategy to maintain its hegemony in the region, a Chinese defence official has said, stressing that Washington's attempt to serve its «selfish» geopolitical interest is «doomed to fail». The remarks by Lieutenant General Jing Jianfeng, deputy chief of staff of the Joint Staff Department of the Central Military Commission, came in response to US Secretary of Defence Lloyd Austin's speech during the Shangri La Dialogue on Saturday in which he spoke about strengthening alliances and partnerships across the region.

Zelenskiy met heads of state and legislators in Singapore late on Saturday and early on Sunday, seeking security assistance and support for a peace summit after arriving for a surprise visit to the Shangri-La Dialogue.

North Korea sent some 600 balloons carrying trash into South Korea overnight, Seoul said on Sunday, in Pyongyang's latest move to rile its rival neighbour.

Dong Jun warned Sunday his military is ready to «forcefully» stop Taiwan independence but called for greater exchanges with the United States.

trips go as planned. We were the last flight to touch down before the airport closed for an indefinite period. But driving down to Noumea, capital of New Caledonia, a French territory comprising dozens of islands in the South Pacific, we were still blissfully unaware of this. For nearly two weeks, we would sleep with the sonorous drone of choppers circling over our Hotel Le Paris, and we had no way of leaving the island. A state of emergency had been declared, a strict curfew imposed, and no restaurants or shops were open for business. Had we greedily ignored the warning signs? From East Timor we had planned to travel to Vanuatu via Sydney. But then Air Vanuatu announced its bankruptcy and cancelled all fights. Since we intended to travel onward to New Caledonia before returning to Singapore, we figured we might as well spend some extra time on Grand-Terre, the largest island in the Melanesian archipelago.