26 minutes ago
Bank of America profit rises as trading shines
Sales and trading revenue rose 13% to US$6.4 billion in the first quarter
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
38 minutes ago
Robots, drones could slash global food delivery costs to $1 per order, Barclays says
April 15 : Autonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions of dollars in profits for the global food delivery industry, Barclays said on Wednesday. Global platforms such as DoorDash are partnering with autono ...
38 minutes ago
Indonesia’s eFishery founder faces 10 years in jail
The trial marks a spectacular fall for the former crown jewel of Indonesia’s agritech sector
1 hour ago
Leidos, Analogic to form security tech joint venture
April 15 : Defense contractor Leidos Holdings will spin off its security and industrial automation businesses and combine them with security imaging and detection company Analogic Corporation to form a new joint venture, the companies said on Wednesday.Analogic, owned by investment firm Altaris, dev ...
1 hour ago
Unitree launches cheapest humanoid robot on AliExpress to rival Tesla
The robotics specialist eyes 4.2 billion yuan IPO as it taps Alibaba to boost global humanoid robot sales
1 hour ago
Singapore stocks rise amid mixed regional showing; STI up 0.3%
Benicia Tan - Across the broader market, gainers outnumber losers 372 to 235 after 2.2 billion securities change hands
1 hour ago
SIA Group flies record 42.4 million passengers in FY2025/26; March traffic up 14.7%
Deon Loke - The annual passenger total is a 7.7% increase from the previous record of 39.4 million
2 hours ago
Geo Energy Resources raises $18.4 mil from investors including Centurion's Han, Asdew
The Edge Singapore - Geo Energy Resources has raised gross proceeds of $18.4 million by placing out new shares to a group of investors. Based on today's closing price of 61.5 cents, which lifts the company's market cap above $1 billion, these investors are already in the money as they subscribed for the new sh ...
2 hours ago
Sanli Environmental secures $14 million in new contracts, prioritising timely execution of record order book
Lin Daoyi - In a bourse filing on April 15, environmental engineering solutions and services provider Sanli Environmental updated that it has won $14 million worth of new contracts in 1Q2026, with $13.7 million from a major customer for maintenance-related services over a three-year period. “We believe that t ...
2 hours ago
Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency
April 15 : Snap said on Wednesday it would lay off about 1,000 employees, including 16 per cent of its full-time staff, as the social media firm looks to lower costs and leverage AI to boost productivity with smaller teams.The move, which also includes the closure of more than 300 open roles, comes ...
2 hours ago
Snap to lay off about 1,000 employees after activist investor pressure
April 15 : Snap said on Wednesday it would lay off about 1,000 employees, including 16 per cent of its full-time staff, weeks after activist investor Irenic Capital Management pushed the Snapchat parent to optimize its portfolio and improve performance.The company would also close more than 300 open ...
2 hours ago
Snap to lay off about 16% of staff
April 15 : Snap said on Wednesday it would lay off around 16 per cent of its workforce, weeks after activist investor Irenic Capital Management pushed the Snapchat parent to optimize its portfolio and improve performance.Smaller social media platforms like Snap and Pinterest are more at risk of budg ...
2 hours ago
Suntec Reit eyes injection of 9 Penang Road from sponsor into portfolio
Chong Xin Wei - New sponsor Tang Organization had said it will undertake a review to strengthen Reit’s portfolio performance, enhance capital efficiency
2 hours ago
Analysis:Dollar sheds bulk of Iran war premium, but few expect a sharper drop
NEW YORK, April 15 : The U.S. dollar has given back most of the gains sparked by the Iran war, as a tentative ceasefire revived appetite for riskier currencies, but investors said robust demand for U.S. assets and waning prospects for U.S. interest-rate cuts should buttress it against sharper declin ...
2 hours ago
US Senator Warren voices concern over Nvidia's acquisition of Slurm
SAN FRANCISCO, April 15 : U.S. Democratic Senator Elizabeth Warren sent a letter to the U.S. secretaries of the Department of Energy and Department of Defense on Tuesday, questioning them about Nvidia's acquisition of SchedMD, which makes Slurm software.Warren's letter to Energy Department ...
2 hours ago
Never mind the ozone layer, mind your dividends
Jude Chan - If a company emits a lot of smoke to make its products, its costs are about to shoot up
2 hours ago
Netflix to refocus on ads, content after failed Warner Bros bid
2 hours ago
AI ruling prompts warnings from US lawyers: Your chats could be used against you
April 15 : As people increasingly turn to artificial intelligence for advice, some U.S. lawyers are telling their clients not to treat AI chatbots like trusted confidants when their freedom or legal liability is on the line. These warnings became more urgent after a federal judge in New York ruled t ...
3 hours ago
Scoot tops Cirium’s global airline emissions efficiency rankings for 2025
High seat density of 242 seats per aircraft and longer average flight sectors of 2,157 km have driven its performance
3 hours ago
Singapore responds to US probe, says it does not condone forced labour in supply chains
Responding to two US trade investigations, Singapore also says the United States has had a consistent trade surplus with Singapore for more than 20 years.
3 hours ago
EU age verification app ready as Europe moves to curb children's social media access
BRUSSELS, April 15 : The EU's age verification app for online platforms is technically ready and will soon be available to use, European Commission President Ursula von der Leyen said on Wednesday, as member states move ahead with their plans to curb social media access for children."We ar ...
3 hours ago
AI agents gain traction in Singapore, but data gaps hold back adoption
Nurdianah Md Nur - Singapore companies are showing growing interest in AI agents, or artificial intelligence (AI) systems that can operate with minimal human input, but gaps in data and systems are slowing broader adoption. HubSpot’s survey of more than 700 business leaders in the city-state reveals that 43% expect ...
3 hours ago
DBS deepens Hong Kong bet with US$334 million purchase of six floors at The Center
[HONG KONG] Singapore’s DBS deepened its bet on the Hong Kong wealth market on Wednesday (Apr 15), with its local unit purchasing...
3 hours ago
More older millennials and Gen X in Singapore investing in cryptocurrency: report
Benjamin Cher - A third of them own or have owned the virtual currency in 2026, compared with 29% last year
4 hours ago
STT GDC and SuperX open AI innovation centre in Singapore as firms struggle to scale AI projects
Nurdianah Md Nur - ST Telemedia Global Data Centres (STT GDC) and Nasdaq-listed SuperX AI Technology have opened an artificial intelligence (AI) innovation centre in Singapore to help companies move AI projects beyond the pilot stage into production. Located at STT GDC's Singapore 5 data centre in Tai Seng, the f ...
4 hours ago
Freehold hilltop cluster houses at Chancery Hill for sale at $35 mil
Jovi Ho - A hilltop cluster housing development at 7, 7A, 7B and 7C Chancery Hill Walk is up for sale at a guide price of $35 million. With a gross floor area of about 12,594 sq ft, the guide price translates to about $2,779 psf. The freehold development currently comprises four cluster terrace houses, comple ...
4 hours ago
China’s data centres are plugging into Reit-style financing wave
The niche funding tool – known as holding-type real asset-backed securities – has seen rapid uptake since it was introduced less than...
4 hours ago
Japan refiners run at two-thirds capacity, awaiting crude from outside the Gulf
TOKYO, April 15 : Japanese refineries ran at two-thirds of their capacity last week, little changed from the previous week, highlighting the short-term challenges of replacing their Middle Eastern crude supply, cut by the Iran war.Refinery runs stood at 67.8 per cent of the designed capacity for the ...
4 hours ago
Dollar nears six-week lows as hopes of Iran talks erase war premium
LONDON, April 15 : The U.S. dollar skimmed six-week lows on Wednesday, having surrendered almost all the gains made since the Iran war erupted, as signs of another round of talks between Washington and Tehran lifted risk appetite.Tehran has effectively shut the Strait of Hormuz, a crucial waterway f ...
4 hours ago
Pakistan cenbank opens formal banking to licensed virtual asset service providers
ISLAMABAD, April 15 : Pakistan's central bank has allowed banks to open accounts for licensed virtual asset service providers, overriding a 2018 ban, a circular from the central bank and statement by the virtual asset regulator said, as the country moves to integrate digital assets into the reg ...
4 hours ago
Share price of iX Biopharma briefly hits IPO price of 46 cents after listing on Catalist board for 11 years
Teo Zheng Long - After 11 years of listing, iX Biopharma’s share price finally recovered back to its IPO price during today’s trading session and currently has a market cap of around $438 million. Back in July 2015, iX Biopharma was listed on the Catalist board with an IPO price of 46 cents. The IPO allowed the ...
4 hours ago
Chip systems supplier Aixtron lifts 2026 sales outlook, shares jump
April 15 : German chip systems manufacturer Aixtron raised its revenue guidance for 2026 on Tuesday, propelled by strong demand for optoelectronics equipment, which sent its shares to an over two-year high on Wednesday.Aixtron expects annual revenue of around 560 million euros ($660 million), plus o ...
4 hours ago
Temasek-backed STT GDC, SuperX launch AI Innovation Centre in Singapore
Chloe Lim - The facility aims to ‘fast-track’ AI initiatives from experimentation to production-ready scale
5 hours ago
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
The record loss comes at a critical juncture for Air India