4 hours ago
Bank of Singapore takes action against employees for misusing medical benefits
THE Bank of Singapore (BOS) has uncovered cases of misuse of medical benefits by its staff, and up to 40 employees left the bank last week.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
US sets up board to advise on safe, secure use of AI
THE chief executives of OpenAI, Microsoft and Google are among the high-profile members of a new federal board created to advise the US government on the “safe and secure” development of artificial intelligence (AI).
8 hours ago
Thaksin-linked TV broadcaster to shut down after 15 years
VOICE TV, a Thai media company owned by former prime minister Thaksin Shinawatra’s family, said it will cease operations next month and lay off about 200 employees including journalists.
9 hours ago
Apple intensifies talks with OpenAI for iPhone generative AI features
APPLE has renewed discussions with OpenAI about using the startup’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.
9 hours ago
UBS weighs synthetic risk transfer amid capital boost proposals
UBS Group is considering bringing a synthetic credit risk transfer to the market, according to people with knowledge of the matter, amid Swiss reform proposals that could see the bank face higher capital requirements.
10 hours ago
Apple renews talks with OpenAI for iPhone generative AI features, Bloomberg News reports
Apple Inc has renewed discussions with OpenAI about using the startup's generative AI technology to power some new features being introduced in the iPhone later this year, Bloomberg News reported on Friday, citing people familiar with the matter.
10 hours ago
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
OIL prices settled higher on Friday (Apr 26), garnering support from tensions in the Middle East, but a strong US dollar and inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling.
11 hours ago
Europe: Stoxx 600 logs best day in three months as banks shine
EUROPE’S benchmark stock index had its biggest one-day gain in more than three months on Friday (Apr 26), propelled by banking and industrial stocks, while the technology sector got a boost from upbeat results from US megacaps.
11 hours ago
Commentary: Banning TikTok won’t solve social media’s foreign influence, teen harm and data privacy problems
TikTok is hardly a model social media platform, but it’s also far from an outlier when it comes to threats to Americans, says Arizona State University's Sarah Florini.
11 hours ago
US: Stocks rally after strong tech results
WALL Street stocks finished solidly higher on Friday (Apr 26), concluding a roller-coaster week on a positive note following strong results from Google and Microsoft.
11 hours ago
Google plans $3 billion data center investment in Indiana, Virginia
Alphabet unit Google said on Friday it would invest $3 billion to set up a data center campus in Indiana and expand sites in Virginia.A boom in artificial intelligence applications has increased the demand for cloud computing, prompting Big Tech firms to expand their data center capacity.On Thursda
11 hours ago
L3Harris cuts 5% workforce in cost-saving measure
U.S. defense contractor L3Harris cut 5 per cent of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on Friday. The announcement confirms a Reuters report from Tuesday which said the company would cut 5 per ...
12 hours ago
What to do when you’ve been de-banked
Abdul Malik and Asli Arslan Tedeschi - BEING de-banked – that is, having your account abruptly closed by your bank – is often a logistical nightmare. It has very real consequences for both individuals and organisations on a practical level, and it can stop growth and opportunity in its tracks.
13 hours ago
X tells Brazil court 'operational faults' allowed blocked users to remain active
BRASILIA : Lawyers representing X in Brazil told the Supreme Court on Friday that "operational faults" have allowed users who were ordered blocked to stay active on the social media platform.Supreme Court Justice Alexandre de Moraes last week had asked the social media giant to explain why ...
13 hours ago
TikTok general counsel to step down, will focus on fighting US law
WASHINGTON : Erich Andersen, general counsel for TikTok and Chinese parent company ByteDance, said on Friday he will step down from the role in June, according to a company statement.Andersen will become special counsel to the company to focus on helping lead TikTok's effort to overturn legisla ...
14 hours ago
Google asks court to throw out US advertising case
WASHINGTON :Alphabet Inc's Google on Friday asked a federal court in Virginia to reject a U.S. government lawsuit accusing the advertising and search giant of anticompetitive practices in the online advertising marketplace.The Justice Department, which filed the advertising lawsuit in January 2 ...
14 hours ago
Google files motion for summary judgment in US ad tech case
WASHINGTON :Alphabet Inc's Google on Friday asked a federal court in Virginia to reject a U.S. government lawsuit accusing the advertising and search company of anticompetitive practices in the online advertising marketplace.The government, which filed the ad tech lawsuit in January 2023 along ...
14 hours ago
Apollo, KKR and Stonepeak may fund Intel's Ireland facility, Bloomberg reports
:Apollo Global Management, KKR & Co and Stonepeak may invest billions in a joint venture to help fund Intel's semiconductor fabrication facility in Ireland, Bloomberg News reported on Friday. The chipmaker, Apollo, KKR and Stonepeak did not immediately respond to Reuters requests for commen ...
16 hours ago
Porsche posts Q1 profit drop on ramp-up costs
PORSCHE on Friday (Apr 26) reported a 30 per cent drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history.
17 hours ago
Televisa to merge Sky, cable 'as soon as possible'
MEXICO CITY : Mexican broadcaster Televisa plans to merge its satellite TV unit Sky with its cable TV and internet service Izzi as soon as possible, the head of the new unit, Francisco Valim, said on Friday.Televisa is aiming to trim its financial expenses, and Izzi has had trouble staying competiti ...
17 hours ago
Televisa to merge its satellite TV, cable units 'as soon as possible'
MEXICO CITY :Mexican broadcaster Televisa plans to merge its satellite TV unit Sky with its cable TV and internet service Izzi as soon as possible, the head of the new unit said on Friday.Televisa is aiming to trim its financial expenses, and Izzi has had trouble staying competitive in recent quarte ...
17 hours ago
Vietnam tycoon appeals against US$27 billion fraud death sentence
A TOP Vietnamese property tycoon sentenced to death in a US$27 billion fraud case has launched an appeal against her conviction, state media said on Friday (Apr 26).
18 hours ago
CGS International expects steady NIMs and higher wealth and treasury fees for UOB
Felicia Tan - CGS International analysts Andrea Choong and Lim Siew Khee have kept their “add” call and target price of $33.30 on United Overseas Bank (UOB) ahead of its results for the 1QFY2024 ended March 31. UOB will be announcing its results for the first quarter of the year on May 8. For the quarter, Cho ...
18 hours ago
IBM plots US$730 million expansion of Canadian semiconductor site
INTERNATIONAL Business Machines will expand its Canadian semiconductor packaging and testing plant with more than C$1 billion (S$995 million) in investments over the next five years.
18 hours ago
EU's Vestager meets French tech firm Mistral AI amid competition concerns
BRUSSELS : European Union antitrust chief Margrethe Vestager, who has been looking into Big Tech's partnerships with AI start-ups, met on Friday fast-growing French start-up company Mistral AI and said the sector needs more competition.In February, Microsoft invested $16 million in Mistral AI a ...
18 hours ago
Driving innovation and sustainability in Asean
Chris Humphrey - Two powerful forces are converging to reshape societies today: the digital revolution, and the pressing need for sustainability and addressing climate change. From the halls of policymakers to the boardrooms of corporations and the conversations in our homes, these interconnected themes are taking c ...
18 hours ago
Brokers’ Digest: Nanofilm, CDG, CICT, DBS, Singtel, Hong Leong Asia, Centurion, Keppel DC REIT, Marco Polo Marine
null - Nanofilm Technologies International Price targets: DBS Group Research ‘hold’ 63 cents CGS International ‘hold’ 70 cents UOB Kay Hian ‘sell’ 56 cents Revenue growth has resumed but less so for margins DBS Group Research has upgraded Nanofilm Technologies International from “fully valued ...
18 hours ago
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Megan Cheah - SEATRIUM on Friday (Apr 26) said its subsidiary, Seatrium Offshore & Marine, has given notice to bondholders of its S$500 million floating-rate bonds that it aims to fully redeem these bonds prior to the scheduled maturity date at its principal amount, together with accrued and unpaid interest.
19 hours ago
Former PAP MP, minister of state retire as company directors
Janice Lim - YEO Guat Kwang – a former member of parliament (MP) from the People’s Action Party (PAP) – will retire as the lead independent non-executive director of water purification company SIIC Environment.
19 hours ago
Yeo Guat Kwang, John Chen retiring from corporate boards
Janice Lim - YEO Guat Kwang – a former member of parliament (MP) from the People’s Action Party (PAP) – will retire as the lead independent non-executive director of water purification company SIIC Environment.
19 hours ago
US: Wall St opens higher
US STOCKS opened higher on Friday (Apr 26) on megacaps’ boost after robust quarterly results from Alphabet pushed its market value over US$2 trillion, while an in-line reading for a key inflation print calmed jitters around elevated interest rates.
19 hours ago
Google parent Alphabet reclaims spot in $2 trillion valuation club
Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback.The stock was last trading up 11.7 per cent at $173.55, after hitting a record high moments ...
20 hours ago
CQ @ Clarke Quay reopens to 93% committed occupancy, could add to NPI in 2H2024
Goola Warden - CapitaLand Integrated Commercial Trust (CICT) has had a spate of better news in March and April. CQ @ Clarke Quay reopened on April 26 with a committed occupancy of 93% compared to 85% as at end-December 2023. The refreshed tenant mix comprises more than 50% new concepts from international and ho ...
20 hours ago
Air China to buy 100 locally made C919 jets in US$11 billion deal
AIR China will buy 100 Comac C919 jets in a deal valued at US$10.8 billion based on list prices, giving a boost to the home-grown challenger to Airbus and Boeing.