1 hour ago
Wall St opens lower as Mideast de-escalation uncertainty weighs
[NEW YORK] Wall Street’s main indexes opened lower open on Thursday (Mar 26) following gains in the previous session, as caution prevailed...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
Defense technology startup Shield AI valued at $12.7 billion in latest funding round
March 26 : Shield AI is raising $2 billion in a new funding round at a $12.7 billion valuation, as the defense technology startup looks to expand its artificial intelligence-powered software amid growing use of autonomous tools during conflicts.The startup said on Thursday the Series G round was led ...
2 hours ago
Guocoland’s Malaysian unit to table proposed privatisation to disinterested shareholders at EGM
Chloe Lim - The RM1.10 offer price is a 17.7% premium to its last-traded share price of RM0.935 on Jan 30
2 hours ago
Russian farmers complain of mobile internet shutdowns amid spring planting
MOSCOW, March 26 : Russian government measures to shut down mobile internet across the country because of Ukrainian drone attacks are affecting fieldwork during the planting season, a major farming lobby said on Thursday.The government requires farmers to log the amount of seed they have for plantin ...
2 hours ago
European Payments Initiative CEO says Trump fears are boosting its appeal
PARIS, March 26 : Fears that President Donald Trump's administration could limit Europe's access to U.S. payments infrastructure are boosting regional adoption of a competing European payment platform, the CEO of the European Payments Initiative (EPI) told Reuters.The Brussels-based compan ...
2 hours ago
Apple adds Bosch, Cirrus Logic, others to US manufacturing program, to invest $400 million
March 26 : Apple said it was adding Bosch, Cirrus Logic, TDK and Qnity Electronics to its American Manufacturing Program, with plans to invest $400 million through 2030 to expand U.S.-based production of key components.The move comes as companies increasingly shift manufacturing and critical supply ...
2 hours ago
Barrick to delay Pakistan copper-gold project amid Middle East conflict, FT reports
March 26 : Barrick Mining is delaying its huge copper and gold project in Pakistan due to the Middle East conflict and deteriorating security situation in the South Asian country, the Financial Times reported on Thursday, citing correspondence seen by the media outlet."Following the preliminary ...
2 hours ago
Barrick delays Reko Diq project in Pakistan amid mounting security concerns
March 26 : Barrick Mining is extending its review of the massive Reko Diq copper-gold project in Pakistan and slowing development activity amid escalating security concerns in the South Asian country and the Middle East. The exercise is likely to affect previously disclosed budgets and timelines, a ...
2 hours ago
Cnooc’s profit drops as low oil prices counter output growth
Net income came in at 122.1 billion yuan, down from 137.9 billion yuan a year earlier
2 hours ago
Crypto for a home? Coinbase brings token-backed down payments to housing market
March 26 : Coinbase is teaming up with Better Home & Finance to let homebuyers pledge their crypto holdings as collateral for down payments, marking one of the most ambitious attempts yet to adapt digital assets for mainstream needs.A prospective homeowner will be able to secure a loan against t ...
3 hours ago
Keppel, Simba Telecom agree to extend long-stop date for proposed M1 deal
Jude Chan - IMDA’s regulatory review remains under way
3 hours ago
Concord New Energy reports 82.6% decline in FY2025 earnings to 139.7 million yuan
Chloe Lim - These are its first results since its secondary listing on the SGX on Jan 6
3 hours ago
Concord New Energy reports 82.7% decline in FY2025 earnings to 139.7 million yuan
Chloe Lim - These are its first results since its secondary listing on the SGX on Jan 6
3 hours ago
National Australia Bank to cut 170 jobs amid offshore expansion
The bank adds it will continue hiring and developing staff locally, particularly in customer-facing roles
3 hours ago
Keppel's close of planned sale of M1 to Simba extended
The Edge Singapore - The closing of Keppel's sale of mobile operator subsidiary M1 to Australia-listed Tuas, the owner of local telco Simba Telecom, has been extended. The deal is subject to the approval of local industry regulator the Infocomm Media Development Authority of Singapore. As part of its review, IMDA h ...
4 hours ago
Pornhub, Stripchat, XNXX, XVideos charged with breaching EU tech rules, risk fines
BRUSSELS, March 26 : Adult content platforms Pornhub, Stripchat, XNXX and XVideos have been charged with breaching EU rules by letting children access pornographic content on their sites, EU regulators said on Thursday, which could lead to hefty fines.The charges follow a 10-month-long investigation ...
4 hours ago
Snapchat hit with EU probe into alleged failure to prevent child grooming, illegal goods sales
BRUSSELS, March 26 : Snap-owned Snapchat was hit with an EU investigation on Thursday as regulators warned that the social platform appears not to be doing enough to prevent child grooming and the sale of illegal goods.The EU probe is under the Digital Services Act, which requires big online platfor ...
4 hours ago
Singapore’s general insurance premiums hit record high of S$6.09 billion
Ranamita Chakraborty - Net incurred claims for the domestic segment are up 8.7% year on year at S$1.8 billion
4 hours ago
Shangri-La Asia posts 30.4% drop in full-year earnings to US$112.3 million
Jude Chan - The board recommends a final dividend of HK$0.10 a share for FY2025
5 hours ago
Driving accountability in the boardroom and beyond
Kwan Wei Kevin Tan and Felicia Tan - NUS professor Mak Yuen Teen shares what it’s like to be the conscience of corporate Singapore. If you follow Singapore’s corporate developments actively on LinkedIn, then it is quite likely that you have come across the writings of Mak Yuen Teen. The corporate governance advocate is an avid user ...
5 hours ago
Asia moves to calm markets as South Korea buys bonds, Manila holds surprise rate review
MANILA, March 26 : Asian central banks moved to shore up market confidence on Thursday, with South Korea announcing a 5 trillion won ($3.3 billion) emergency bond buyback while the Philippines held a surprise policy meeting, signaling its readiness to act if inflation pressures worsen.Both economies ...
5 hours ago
What Singapore needs is not more Reits, but bigger ones: ARA co-founder John Lim
Jude Chan - The local market must move towards consolidation and aggressive global expansion, says the industry veteran
5 hours ago
OpenAI indefinitely pauses plans to release erotic chatbot, FT says
March 26 : OpenAI has shelved plans to release an erotic chatbot indefinitely as it looks to focus on its core products, according to a report by the Financial Times on Thursday.
5 hours ago
South Korea to carry out bond buyback, expand fuel tax breaks to cushion blow from Iran conflict
The bond buyback will be conducted in two tranches, 2.5 trillion won on March 27 and another 2.5 trillion won on April...
5 hours ago
US jury verdicts against Meta, Google tee up fight over tech liability shield
March 26 : Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children have found Meta and Alphabet's Google liable, potentially teeing up an appeals fight that could reshape how U.S. law shields tech companies from lawsuits.In C ...
5 hours ago
Singapore stocks falter on Thursday, STI falls 0.3%
Benjamin Cher - iEdge Singapore Next 50 Index gains 1.3% or 19.3 points to 1,459.69
5 hours ago
Singapore stocks falter amid regional declines; STI down 0.3%
Benjamin Cher - The iEdge Singapore Next 50 Index, meanwhile, is up 1.3%
5 hours ago
Qingjian Realty, joint venture partners top Dover Drive GLS bid with $1,556 psf ppr
Gerine Tang Yi Qian - The 99-year leasehold Government Land Sales (GLS) private housing parcel along Dover Drive attracted six bids at its close on March 26, with the highest offer of $1,556 psf per plot ratio (psf ppr) submitted by Qingjian Realty and joint venture partners Forsea Residence and Jianan Realty Investments ...
5 hours ago
Cathay Pacific to hike fuel surcharge by 34% as jet fuel prices surge
Hong Kong's Cathay Pacific Airways said on Thursday (Mar 26) it will hike fuel surcharges by 34 per cent across routes from Apr 1 and review them every two weeks, citing higher jet fuel
5 hours ago
Cathay Pacific to hike fuel surcharges by 34% as jet fuel prices surge
The airline's fuel surcharges will now be HK$389 (US$50) for short-haul flights, HK$725 for medium-haul flights and HK$1,560 for long-haul flights.
5 hours ago
‘Gold doesn’t always perform in crises’: Sell-off shows liquidity trumps safe-haven appeal
Benicia Tan - Amid the Middle East war, bullion pullback is typical – it does this when uncertainty tips into full-blown crisis
5 hours ago
Gold’s sell-off underscores its role as liquidity avenue in crises
Benicia Tan - Amid the Middle East war, bullion pullback is typical – it does this when uncertainty tips into full-blown crisis
5 hours ago
‘Gold doesn’t perform in crises’: Sell-off shows liquidity trumps safe-haven appeal
Benicia Tan - Amid the Middle East war, bullion pullback is typical – it does this when uncertainty tips into full-blown crisis
6 hours ago
Cybersecurity’s biggest problem is not the threat, but the follow-through
Nurdianah Md Nur - The time between an initial breach and the handoff to a ransomware group has fallen from more than eight hours to just 22 seconds, according to Mandiant, a threat intelligence unit of Google Cloud. That leaves companies with far less time to react and raises questions about whether many incident res ...