10 minutes ago
Investors look beyond US hedge funds for the first time since 2023: Barclays
[LONDON] Investor interest in US hedge funds is waning for the first time since 2023, with talk of a “Sell America” trade...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
51 minutes ago
South Korean crypto firm accidentally sends US$44 billion in bitcoins to users
[SEOUL] South Korean cryptocurrency exchange Bithumb said on Saturday (Feb 7) it had accidentally given away more than US$40 billion worth of...
1 hour ago
When skills beat degrees in an AI economy
Lindsay Wong - Hiring in Singapore has long revolved around paper qualifications despite efforts to make them less relevant. While nearly 80 per cent of the country’s job postings...
1 hour ago
Crypto firm accidentally sends $44 billion in bitcoins to users
SEOUL, Feb 7 : South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange.Bithumb apologised for the mistake, which took place on Friday, and said ...
3 hours ago
Anthropic’s more than $20 billion funding to close as soon as next week, Bloomberg News reports
Feb 6 : AI startup Anthropic is ironing out the final details on a funding round likely to raise more than $20 billion and slated to close as soon as next week, Bloomberg News reported on Friday, citing sources.Reuters could not immediately verify the report. The company did not immediately respond ...
3 hours ago
My views on laws such as detention without trial have evolved: K Shanmugam at his book launch
[SINGAPORE] As a young backbencher Member of Parliament, K Shanmugam had raised concerns about Singapore’s laws on detention without trial.
3 hours ago
Oil prices climb on worries of possible Iran-US conflict
[HOUSTON] Oil prices settled higher on Friday (Feb 6), reversing earlier losses as traders worried that this week’s talks between the US...
4 hours ago
Europe: Stoxx 600 rebounds in broad based gains; Stellantis plunge drags auto stocks
[BENGALURU] Europe’s benchmark share index rose on Friday (Feb 6) in a largely broad-based rebound from the prior session’s losses, as investors...
4 hours ago
US: Dow closes above 50,000, Nvidia soars as traders focus on AI spending
[SAN FRANCISCO] The Dow Jones Industrial Average blew past the historic 50,000 mark on Friday (Feb 6) and the S&P 500 ended...
6 hours ago
Palmer Luckey-backed Erebor receives US national banking charter, WSJ reports
Feb 6 : Crypto-focused Erebor Bank became the first bank to receive a national bank charter during the second term of the Trump administration, the Wall Street Journal reported on Friday.The approval allows the Palmer Luckey-backed entity to operate as a bank nationwide, and occurred less than eight ...
6 hours ago
NFL to talk with partners outside of core media for live games, CNBC reports
Feb 6 : The National Football League plans to hold discussions with non-traditional media outlets about the possible sale of rights to a live game, its media chief Hans Schroeder told CNBC Sport on Friday."We have other people that are both partners in a smaller sense — maybe not a full packa ...
6 hours ago
Bitcoin rallies, tops $70,000 as risk assets stabilize
NEW YORK/LONDON, Feb 6 : Bitcoin climbed back above $70,000 on Friday, after sinking to a 16‑month low earlier, lifted by a sharp rebound in technology shares and precious metals following a global rout that had hammered a broad swathe of risk assets.The world's largest cryptocurrency was las ...
7 hours ago
Commentary: There are good reasons to be cheerful about global trade
US President Donald Trump’s tariff campaign hasn’t yet derailed the global trade system, which has shown enough flexibility to adapt, says the Financial Times’ Alan Beattie.
7 hours ago
Dollar heads for weekly rise, yen slumps ahead of Japan's election
NEW YORK, Feb 6 : The dollar slipped from two-week highs on Friday, returning some safe-haven gains as risk assets rebounded from a deep rout driven by concerns over a surge in AI-related spending this year.Even so, the buck remained on track for a weekly rise and trimmed earlier losses against th ...
7 hours ago
Vista Equity Partners and Intel to lead investment in AI chip startup SambaNova, sources say
(Refile with company name in the headline in one word without the space)By Milana Vinn and Krystal HuFeb 6 : Private equity firm Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its trad ...
7 hours ago
Exclusive-Vista Equity Partners and Intel to lead investment in AI chip startup Samba Nova, sources say
Feb 6 : Private equity firm Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its traditional focus on enterprise software, according to people familiar with the matter. Vista, through a ...
8 hours ago
Apple plans to allow external voice-controlled AI chatbots in CarPlay, Bloomberg News reports
Feb 6 : Apple is preparing to allow voice-controlled artificial intelligence apps from other companies in CarPlay, Bloomberg News reported on Friday, citing people familiar with the matter.The change represents a strategic shift for Apple, which, until now, has only allowed its own Siri assistant as ...
9 hours ago
US Justice Department casts wide net on Netflix's business practices in merger probe, WSJ reports
Feb 6 : The U.S. Department of Justice is investigating whether Netflix has engaged in anti-competitive tactics as part of the streaming giant's proposed acquisition of Warner Discovery's studios and streaming service, the Wall Street Journal reported on Friday.In a civil subpoena viewed b ...
10 hours ago
Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
Feb 6 : Goldman Sachs is working with technology startup Anthropic to develop AI-powered agents aimed at automating a widening range of internal functions, CNBC reported on Friday, citing the bank’s chief information officer.Goldman Sachs confirmed the accuracy of the report.The Wall Street bank h ...
11 hours ago
Amazon shares plunge as AI costs climb
Strong sales fail to calm market fears over soaring AI and infrastructure spending.
11 hours ago
Stocks, bitcoin regain some ground along with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge was advancing solidly on Friday after falling in five of the last six sessions, while bitcoin also attempted a comeback from its sharp selloff and spot gold and silver attempted to regain some lost ground.Oil prices were choppy on Friday as ...
11 hours ago
Stocks, bitcoin rally, regaining some lost ground with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge rallied 1.5 per cent on Friday for its strongest advance in months, after falling in five of the prior six sessions, while bitcoin also bounced from a sharp selloff and spot gold and silver prices regained some lost ground.Oil prices settle ...
11 hours ago
Big Tech's quarter in four charts: AI splurge and cloud growth
Feb 6 : U.S. tech giants have predicted their spending would surge this year as they double down on artificial intelligence, sharpening investor scrutiny over whether these costly bets would generate enough returns to justify the sector's high valuations.The group - including Alphabet, Microsof ...
13 hours ago
Amazon shares slide as US$200 billion outlay fans fears over AI returns
Big tech’s massive AI spending hike surprises analysts, raising doubts over whether returns can keep pace
13 hours ago
China flexes its muscle at Singapore Airshow as US isolated
Beijing sharpening its bid for influence in South-east Asia
14 hours ago
TikTok accused of breaching EU online content rules
EU tech regulators say the app may have to change its ‘addictive design’ featuring infinite scroll and autoplay
14 hours ago
AI trade splinters as investors get more selective
LONDON, Feb 6 : The global AI trade is starting to fracture as soaring capex, rising debt loads and doubts over who will profit from the technology force investors to draw sharper lines. Markets are now splitting across stocks, sectors and even regions.When ChatGPT launched in November 2022, anythin ...
14 hours ago
Creative CEO to also be its chairman; cousin Chew Kian Giap added to board
Sharanya Pillai - Late founder Sim Wong Hoo’s brother will relinquish his director role from Feb 17
14 hours ago
Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
FRANKFURT, Feb 6 : Salzgitter on Friday said it planned to buy out the co-owners of steel joint venture HKM to become the company's sole owner from mid-2026, potentially ending a spat with Thyssenkrupp over the future of the business.A solution around HKM, owned by Salzgitter, Thyssenkrupp Stee ...
14 hours ago
Wall Street rebounds after week-long tech rout, Amazon down on AI capex jump
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Feb 6) following a bruising sell-off in technology shares through the week,...
14 hours ago
Goldman, JPMorgan and Bank of America boost banker, trader bonus pools by at least 10%
The payouts reflect a strong year for the US largest banks
14 hours ago
Societe Generale launches 1.5 billion euro buyback after profit beat estimates
The reacquisition follows two extraordinary share repurchase programmes launched in 2025, worth one billion euros each
15 hours ago
Bank of England cautious about risks from expected dip in inflation
[LONDON] Bank of England chief economist Huw Pill said on Friday (Feb 6) that there was a risk that the central bank...
15 hours ago
Singapore assets remain a safe haven as volatility engulfs bitcoin and gold
Goola Warden - Market focus globally has been on a very sharp decline — some say crash — of bitcoin. Technically, bitcoin’s 21-day RSI hit the oversold line on Feb 5, falling to as low of 21 before rebounding to 27 on Feb 6. Directional movement indicators were also at extremes with -DI at 40, the highest le ...