17 minutes ago
Nike to replace CEO John Donahoe with longtime company veteran
NIKE ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement to return the struggling athletic brand to its glory days.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
30 minutes ago
Mercedes slashes outlook in latest blow to German industry
MERCEDES-BENZ Group cut its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business in China, marking the latest blow to Germany’s struggling industrial sector.
34 minutes ago
Japan Aug core CPI rises 2.8% yr/yr
TOKYO, Sept 20 : Japan's core consumer prices rose 2.8 per cent in August from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 2.8 per cent annual gai ...
48 minutes ago
Baht’s biggest rally since 1998 threatens Thai tourism, exports
THAILAND’S baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation’s key tourism and export industries.
1 hour ago
US accuses social media giants of ‘vast surveillance’
A YEARS-LONG analysis shows that social media titans engaged in “vast surveillance” to make money from people’s personal information, according to the US Federal Trade Commission (FTC).
1 hour ago
China, EU agree to intensify talks ahead of EV tariff vote
THE European Union and China agreed on Thursday (Sep 19) to intensify discussions as the two sides seek ways to avert looming tariffs on electric cars ahead of a deadline that’s only days away.
1 hour ago
Hiring at Citigroup Singapore to pick up, says global firm’s head of wealth
In a wide-ranging interview with CNA’s Elizabeth Neo, Mr Andy Sieg shared the importance of Asia to his firm’s growth.
1 hour ago
Cathay Airbus engine fire linked to cleaning: EU regulator
A CLEANING process leading to fuel hose degradation during refurbishment may have caused a recent Airbus A350 engine fire that triggered dozens of Cathay Pacific flight cancellations this month, the EU aviation regulator said on Thursday.
2 hours ago
USTR to take comments on tariff hikes for Chinese polysilicon, wafers, tungsten
WASHINGTON : The U.S. Trade Representative's office said on Thursday it will accept public comments starting on Monday on its plans for steep tariff increases on Chinese polysilicon, silicon wafers and tungsten products.The tariff increases were added to the Biden administration's final de ...
2 hours ago
FedEx slumps on quarterly profit miss, narrowed 2025 outlook
FEDEX cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
2 hours ago
Oil prices rise 2% after US rate cut
OIL prices rose by nearly 2 per cent on Thursday after the Federal Reserve’s large cut in US interest rates helped global benchmark Brent crude recover from its lowest in nearly three years hit last week.
2 hours ago
Europe: Shares advance as global markets cheer Fed’s outsized rate cut
EUROPEAN stocks jumped on Thursday after the US Federal Reserve delivered a 50-basis-point rate cut and flagged that further easing would be measured, raising hopes of a soft landing for the American economy.
2 hours ago
US: Dow, S&P 500 end at records as market digests Fed rate cut
WALL Street stocks soared to fresh records on Thursday as markets cheered the Federal Reserve’s move to aggressively cut interest rates to protect the labour market.
2 hours ago
Terraform Labs approved for bankruptcy wind-down after US SEC settlement
TERRAFORM Labs received court approval on Thursday (Sep 19) to wind down its operations in bankruptcy after agreeing to settle a US Securities and Exchange Commission (SEC) lawsuit accusing the company of defrauding cryptocurrency investors who lost an estimated US$40 billion when the TerraUSD and L ...
2 hours ago
Amazon back-to-office policy 'a bummer' for Singapore employees, but more tech firms could follow suit
Hybrid work arrangements could become a differentiating factor for smaller tech firms in attracting talent, industry observers say.
2 hours ago
Commentary: Instagram has announced it will be removing beauty filters - but the damage is done
By removing its already hugely popular beautifying filters, Instagram will find it harder to manage the problems associated with filter use, says a Swinburne University of Technology researcher.
5 hours ago
Stocks shine, Treasury yields rise as rate cut stokes risk appetite
NEW YORK : Wall Street indexes marched past previous record highs after global counterparts booked gains and longer-dated Treasury yields rose on Thursday as the start of the Federal Reserve's first interest rate cutting cycle in more than four years whet investors' risk appetite. With a ...
5 hours ago
New York Times Tech Guild approves strike, CWA union says
The New York Times Tech Guild has authorized a strike with 95 per cent in favor, the Communications Workers of America union said on Thursday.
5 hours ago
Trump Media shares face potential sell-off as insider selling restrictions lift
While former U.S. President Donald Trump has said he will not sell his $1.7 billion stake in Trump Media after restrictions likely expire on Thursday, other insiders could soon cash in their gains.Trump Media & Technology Group is 57 per cent owned by the Republican presidential candidate who to ...
6 hours ago
US Fed rate cut is 'very positive sign' for economy: Yellen
WASHINGTON: The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said
7 hours ago
Airbnb CEO says company focused on boosting long-term stays
7 hours ago
Disney to stop using Salesforce-owned Slack after hack exposed company data, WSJ reports
:Walt Disney plans to transition away from its use of Slack as a companywide workplace collaboration system, after a hacking entity leaked online more than a terabyte of company data, the Wall Street Journal reported on Thursday, citing a memo.Disney's CFO Hugh Johnston said most of the media a ...
7 hours ago
Disney to stop using Salesforce-owned Slack after hack exposed company data, report says
:Walt Disney plans to transition away from its use of Slack as a companywide workplace collaboration system, after a hacking entity leaked online more than a terabyte of company data, according to a report in the Status media newsletter.Disney's CFO Hugh Johnston said most of the media and ente ...
8 hours ago
Germany eyes Uniper IPO after historic energy crisis bailout
GERMANY’S government took a first step towards privatising Uniper, the utility it nationalised at the peak of Europe’s energy crisis in 2022 after Russia curbed gas flows to the region.
8 hours ago
Senator Marco Rubio seeks to bar Chinese firms from evading US tariffs by manufacturing in other countries
WASHINGTON : Republican U.S. Senator Marco Rubio on Thursday proposed to bar Chinese manufactures from benefiting from favorable U.S. trade rules by setting up factories in other countries like Mexico, Vietnam or Malaysia.Rubio, top Republican on the Senate Intelligence Committee, said Chinese manuf ...
8 hours ago
India markets regulator bars Axis Capital from acting as banker for new debt issues
INDIA’S markets regulator on Thursday (Sep 19) barred investment bank Axis Capital from acting as a merchant banker for new debt issues for allegedly violating rules, according to an order on the regulator’s website.
9 hours ago
Swiss August gold exports show no supplies to China, for first time in 3½ years
CHINA, the world’s largest gold consumer, refrained from gold imports from Switzerland in August, for the first time since January 2021, customs data from the world’s biggest bullion refining and transit hub showed on Thursday (Sep 19).
10 hours ago
AI hiring platform Mercor backed by Dorsey, Peter Thiel in $30 million fundraise
Mercor said on Thursday it raised $30 million in a funding round, that included entrepreneur Jack Dorsey and venture capitalist Peter Thiel, putting the AI hiring platform's valuation at $250 million.The Series A funding round was led by venture capital firm Benchmark's Victor Lazarte and ...
10 hours ago
Can gig economy firms pivot to profitability?
Nirmalya Kumar - Grab reported its 2QFY2024 results in August. While it still makes an operating loss, it has projected positive adjusted free cash flow for the current year, unlike in previous years. However, this will continue to be a challenging business model. These gig economy firms, beloved by consumers and ...
10 hours ago
OUE Reit prices S$180 million in green notes due 2031 at 3.9%
Tessa Oh - OUE Real Estate Investment Trust (OUE Reit) has priced S$180 million in fixed-rate green notes due 2031 at 3.9 per cent, the manager said on Thursday (Sep 19).
10 hours ago
EU agency says cleaning process may be linked to Cathay Pacific A350 engine fire
PARIS :Europe's aviation regulator on Thursday linked a recent engine fire on a Cathay Pacific Airbus A350 to a possible problem with the maintenance of its Rolls-Royce engines.The European Union Aviation Safety Agency (EASA) earlier this month ordered airlines to carry out visual inspections o ...
10 hours ago
EU watchdog says cleaning process may be linked to Cathay Pacific A-350 incident
PARIS : The European Union Aviation Safety Agency (EASA) on Thursday gave an update on the inspections it ordered on Rolls-Royce-made engines used in Airbus A-350 aircrafts following a security incident, pointing to issues possibly stemming from a cleaning process. "In-service and in-shop inspe ...
10 hours ago
SpaceX 'forcefully rejects' FAA allegation it violated launch requirements
WASHINGTON : SpaceX said Thursday it "forcefully rejects" the Federal Aviation Administration's contention it failed to follow license requirements and did not get approval for changes before two launches in 2023.The FAA this week proposed to fine SpaceX $633,000 over the alleged viol ...
10 hours ago
SpaceX 'forcefully rejects' FAA conclusion it violated launch requirements
WASHINGTON :SpaceX said on Thursday it "forcefully rejects" the Federal Aviation Administration's conclusion that Elon Musk's company failed to follow U.S. regulations during two rocket launches - alleged violations that led the agency this week to propose $633,000 in fines.The F ...