The Business Times
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Companies & Markets

International

Australia rules out fuel restrictions after fire at its largest refinery

The fire was brought under control after about 12 hours

The MSCI China Index has fallen about more than 1% during the period, while a Hang Seng gauge of Chinese stocks is little changed.
Capital Markets & Currencies

China fund beating 98% of peers bets on AI chain, healthcare

Chinese AI firms’ worldwide recognition has extended far beyond the big tech names

Honda will shut a plant jointly operated with Guangzhou Automobile Group in June and another one owned with Dongfeng Motor Group next year, the magazine said.
Transport & Logistics

Honda to shut two plants in China jointly owned with GAC, Dongfeng, magazine says

[TOKYO] Honda Motor will shut two internal combustion engine car plants in China and slash annual production capacity in the country to 720,000 vehicles, Japanese magazine Toyo Keizai reported on Frid...

Gold has still lost about 9% since the start of the conflict in late February.
Energy & Commodities

Gold heads for fourth weekly gain on optimism for US-Iran truce

Disruption to energy supplies is also likely to last beyond the war

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Japan is facing rising inflation from a “negative supply shock”, which is more difficult to rein in with monetary policy than inflation driven by strong demand, BOJ Governor Kazuo Ueda said.
Banking & Finance

BOJ must take into account Japan’s low real rates in setting policy, governor Ueda says

Uncertainty stemming from the Middle East conflict remain high

Barry Callebaut recently opened new innovation centre in Singapore, focused in part on vegetable-fat based cocoa coatings.
Energy & Commodities

Cocoa demand recovery bumpy as Europe grinds drop to 17-year low

The most-active New York cocoa contract has slumped more than 70% from a record high in 2024

CGS International Securities and DBS are the joint bookrunners of the proposed placement by MoneyMax.
Companies & Markets

Stocks to watch: FLCT, Yangzijiang Maritime, MoneyMax, Keppel Pacific Oak US Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 17): 

Prices of fertiliser have doubled in parts of Australia since the outbreak of the war.
Energy & Commodities

Australia secures fertiliser from Indonesia to meet crop needs

About 60% of the nation’s supplies of urea normally travel through the now largely shut Strait of Hormuz

Netflix's revenue rose to US$12.25 billion, an increase of 16 per cent from the year-ago period, modestly exceeding analyst forecasts of US$12.18 billion.
Telcos, Media & Tech

Netflix co-founder Hastings exits as streaming pioneer hunts for growth

[LOS ANGELES] Netflix Chairman Reed Hastings is quitting the streaming service he co-founded 29 years ago.

Revenue for the quarter climbed 5.1% on the year to US$38.7 million from US$36.9 million.
Companies & Markets

Kore US Reit Q1 distributable income rises 4.3% on higher adjusted NPI

The improvement is mainly due to higher one-off other operating income and cash rental income

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