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The Business Times - Find latest business & financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific & global market news and more at The Business Times. Find latest business & financial news including analysis and opinion on top business stories, stock markets in
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News
Oil jumps as Saudi pipeline shutdown worsens global supply crunch
2+ hour, 46+ min ago (455+ words) Traders assessing the regional consequences of a rapid military advance by Houthi militants along Yemen’s Red Sea coast OIL rose at market open in Asia on Monday (Sep 14) after Saudi Arabia shut a major crude pipeline following attacks, disrupting a…...
BlackRock private credit fund redemption requests ease in Q3
16+ hour, 29+ min ago (411+ words) This could be an early sign of easing redemption pressures across the industry [NEW YORK] Asset manager BlackRock’s flagship private credit fund received fewer withdrawal requests in the third quarter than in the previous period, offering an early sign that…...
Speculators turn bullish on yen for first time since February on BOJ rate-hike bets
16+ hour, 42+ min ago (195+ words) Yen has surged in September on expectations for an accelerated schedule of rate hikes by the BOJ [TOKYO] Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday (Sep…...
Is Scott Bessent winning the wrong battle in markets?
17+ hour, 52+ min ago (136+ words) Despite the Treasury secretary’s intervention in the yen, US bond yields are climbing higher and higher THE good news for Scott Bessent, the prickly US Treasury secretary, is that he has established control over one of the world’s most challenging…...
Hormuz shipping traffic falls to single digits, data shows
2+ day, 20+ hour ago (308+ words) This is well below the 10-day average of 15 [SINGAPORE] Vessel transits at the Strait of Hormuz fell to seven on Thursday (Sep 10) from 11 the previous day, preliminary shiptracking data showed on Friday, well below the 10-day average of 15. Of the…...
Lagarde calls ECB hike ‘no brainer’ as markets bet on more ahead
3+ day, 10+ hour ago (603+ words) The decision was guided by fresh projections showing inflation averaging 3% this year [BERLIN] The European Central Bank lifted interest rates for the second time since the Iran war broke out, with a renewed advance in oil prices prompting investors to…...
US weekly jobless claims edge down as layoffs remain low
3+ day, 11+ hour ago (167+ words) [WASHINGTON] The number of Americans filing claims for unemployment benefits fell last week, suggesting that layoffs remained low and continued to anchor the labour market. Initial claims for state unemployment benefits dipped 1,000 to a seasonally adjusted 206,000 for the week ended…...
Wall St opens lower after hotter-than-expected producer inflation data
3+ day, 11+ hour ago (138+ words) [NEW YORK] The major US stock indexes opened lower on Thursday (Sep 10) after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East pushed oil prices above US…...
Samsung, SK Hynix payouts test South Korea’s reform drive as investors seek more
3+ day, 23+ hour ago (894+ words) Unlike other indices, the Kospi trades at just 4.3 times of expected 2027 earnings [SINGAPORE/SEOUL] Eye-popping shareholder-return plans from Samsung Electronics and SK Hynix have become an early test of South Korea’s corporate reform drive, with investors welcoming the windfall but…...
Barclays lifts S&P 500 index's year-end target to 7,950 on strong earnings
4+ day, 10+ hour ago (290+ words) The revised target is about 3.6% higher than the index’s last close [LONDON] Barclays raised its year-end target for the benchmark S&P 500 index to 7,950 from 7,800 on Wednesday (Sep 9), following a standout earnings season led by technology companies. The revised target…...