8 minutes ago
Kuwait shoots down 3 US F-15s in friendly-fire incident, US says
All six crew members ejected from the aircraft safely, were recovered and are in stable condition, Central Command said
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 minutes ago
Compliance, risk and private markets roles top banking hiring demand for 2026: Morgan McKinley
Koh Kim Xuan - The heightened demand is due to ongoing regulatory demands and a stricter governance landscape within the financial services sector
29 minutes ago
Amazon to invest additional $21 billion in Spain for data centres, AI
MADRID, March 2 : Amazon said on Monday it would invest an additional 18 billion euros ($21 billion) in Spain to expand its data centres and boost AI innovation, bringing its total investment in the country to 33.7 billion euros. ($1 = 0.8519 euros)
29 minutes ago
Top Glove founder’s son named as joint managing director, to take over the reins on Apr 1
Tay Peck Gek - Lim Jin Feng – son of Lim Wee Chai – will assume the role along with Ng Yong Lin
54 minutes ago
Exclusive-ASML plots future of chipmaking tools for AI beyond EUV
SAN JOSE, California, March 2 : ASML Holding has ambitious plans to expand its line of chipmaking equipment into several new products to capture more of the rapidly growing market for artificial intelligence chips, a senior executive told Reuters. More than a decade in development, ASML is the only ...
58 minutes ago
Fed races to adapt to AI promises and pitfalls for jobs, inflation
WASHINGTON, March 2 : U.S. Federal Reserve officials who have largely accepted that artificial intelligence will lead to dramatic shifts in the economy are now struggling to understand the pace and extent of what's to come, with a divide emerging over its potential to impact the labor market an ...
1 hour ago
Iran strikes disrupt thousands of flights; Dubai Airport hit
More than 90% of departures from Dubai International Airport have been scrapped
2 hours ago
EMA, South Korean energy company to collaborate on nuclear energy
Janice Lim - The parties will conduct joint studies of small modular reactors for potential applications in the city-state
2 hours ago
Freehold conservation terrace in Cairnhill launched for sale at $16 mil
Gerine Tang - A conserved freehold corner terrace at 124 Cairnhill Road has been launched for sale at an indicative price of $16 million. The District 9 property sits on a 2,495 sq ft site with an approved gross floor area of 5,603 sq ft. Its layout includes four en-suite bedrooms, a guest room, an en-suite maid ...
2 hours ago
Tesla gains market in France, Norway in February
March 2 : Elon Musk's Tesla gained market share in France and Norway in February, official data showed, signalling stabilisation in Europe after two straight years of declining sales.In France, the automaker's registrations, a proxy for sales, rose 55 per cent even as most rivals sold fewe ...
2 hours ago
Olam to guarantee US$100 million loan for Olam Agri until unit is sold
Tay Peck Gek - The group is selling its 44.58% stake in Olam Agri to Saudi Agricultural and Livestock Investment Company
2 hours ago
Budget 2026: Singapore mandates stricter security for home routers, raises bar for critical infrastructure
Young Zhan Heng - The measures aim to better protect consumers from cyberthreats and raise baseline national cybersecurity standards
2 hours ago
Sats, SIA lead Singapore stock market tumble on Iran war fears; STI down 2.1%
Jude Chan - Of the 30 counters on the blue-chip index, 25 end the day down
2 hours ago
Orange adds AST SpaceMobile to growing roster of satellite-to-mobile partners
March 2 : French telecommunications leader Orange on Monday announced a partnership with AST SpaceMobile and Satellite Connect Europe, a joint venture between AST and Vodafone, to boost direct-to-cell connectivity.Direct-to-device satellite services allow standard smartphones to connect to satellite ...
2 hours ago
Iran crisis jolts Japan bond yields, muddies BOJ rate outlook
TOKYO, March 2 : Market expectations for Japanese bond yields and the central bank's next rate increase have been thrown into disarray as investors fear an extended conflict in the Middle East will have knock-on effects on the yen and domestic inflation.The initial reaction by Japanese governme ...
3 hours ago
Nokia expands partnerships with TIM Brasil, Deutsche Telekom in AI technology push
March 2 : Nokia said on Monday it was expanding partnerships with TIM Brasil and Deutsche Telekom, as the Finnish 5G gear maker seeks to capitalise on adoption of AI-based technologies worldwide.These deals, which follow last week's announcement of a multi-year contract with Telefonica to provi ...
3 hours ago
Analysts remain positive on CSE Global following recent FY2025 results
Teo Zheng Long - Analysts from CGS International, RHB Bank Singapore and Maybank Securities are keeping their respective “add” and “buy” calls on CSE Global (SGX: 544 ) following the recent FY2025 results. In their Feb 27 report, CGS International analysts, Tan Jie Hui and Lim Siew Khee, are maintaining a ...
3 hours ago
Budget 2026: Singapore to train 100,000 workers to apply AI
Young Zhan Heng - The government also aims to support 10,000 enterprises in adopting artificial intelligence over the next three years
4 hours ago
Singapore steps up AI investments with planned AI park at One-North
Kwan Wei Kevin Tan - Singapore will be building a new AI park at LaunchPad @ One-North, says Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong. Gan was speaking at the Ministry of Trade and Industry’s (MTI) Committee of Supply debate on Mar 2 when he announced the new initiative. The new AI park will ...
4 hours ago
Amazon's AWS reports outage after UAE data center struck by 'objects'
March 2 : Amazon cloud-computing unit's facilities in the Middle East were facing power and connectivity issues on Monday, the company said after its United Arab Emirates data center was struck by "objects," triggering a fire.Amazon Web Services' UAE and Bahrain regions were affe ...
4 hours ago
Amazon's AWS reports power, connectivity issues in Bahrain, UAE amid Iran strikes
March 2 : Amazon cloud unit's data centers in Bahrain and the UAE were facing power and connectivity issues on Monday, the company said, as Iranian retaliatory strikes hit airports, ports, and residential areas across the wider Gulf.Two of Amazon cloud unit's zones, which are clusters of d ...
5 hours ago
Vodafone teams up with Amazon's satellites to connect masts in Europe and Africa
LONDON, March 2 : Mobile company Vodafone said on Monday it had signed a deal with Amazon Leo, the U.S. company's low Earth orbit satellite network, to connect 4G and 5G mobile masts in remote areas in Europe and Africa. Amazon Leo will offer connections of up to 1 Gbps for download and 400 Mbp ...
6 hours ago
Ship insurers cancel war risk cover due to Iran conflict
Several tanker owners, oil majors and trading houses have since suspended shipments through the narrow waterway
6 hours ago
Toku reports higher FY2025 losses driven by IPO costs; highlights commercial momentum going forward
Benjamin Cher - Leading indicators point to its engine being ‘strong’, says CEO
6 hours ago
Toku reports higher FY2025 losses driven by IPO costs, sees commercial momentum ahead
Benjamin Cher - Leading indicators point to its engine being ‘strong’, says CEO
7 hours ago
Jack Dorsey’s 4,000 job cuts at block arouse suspicions of AI-washing
The company’s recent history suggests that AI adoption is not the only factor influencing its staffing decisions
7 hours ago
Toyota plans to hike offer price for group firm TICO, extend deadline again
TOKYO, March 2 : Toyota plans to raise its tender offer price for group firm Toyota Industries, or TICO, to 20,600 yen ($132) per share under certain conditions and extend the deadline again for the offer to March 16, a filing showed on Monday.The Japanese automaker had previously offered 18,800 yen ...
7 hours ago
Toyota bumps offer for supplier to $30 billion, in a victory for activist fund Elliott
TOKYO, March 2 : Toyota bumped its offer price for supplier Toyota Industries on Monday, valuing the bid at $30 billion and ending a months-long battle with activist fund Elliott Investment Management, which had pushed for a higher price.Elliott said it had agreed to tender its shares in the forklif ...
7 hours ago
Elliott agrees to Toyota's increased $30 billion tender offer for Toyota Industries
TOKYO, March 2 : Elliott Investment Management has agreed to tender its shares in forklift maker Toyota Industries after Toyota bumped its take-private bid to 20,600 yen ($132), valuing the offer at $30 billion and ending a months-long tug-of-war over the price.In a statement on Monday, Elliott said ...
7 hours ago
Asian airline shares fall as US-Iran conflict disrupts travel
SYDNEY: Airline shares plunged on Monday (Mar 2), with Hong Kong's Cathay Pacific, Australia's Qantas Airways, Singapore Airlines and Japan Airlines down more than 5 per cent after the US and Isr
7 hours ago
Geely extends lead over BYD with biggest sales gap since 2022
Carmakers are rolling out ultra-long-term financing programmes
8 hours ago
Blackstone’s CEO took home a near-record US$1.24 billion in 2025
The payday underscores how the biggest alternative asset managers have insulated themselves from a rough spell in private equity
8 hours ago
Travel chaos worsens as Iran conflict shuts key Middle East airports
The extensive suspension of all air services will severely disrupt the finely-tuned choreography of global aircraft movements
8 hours ago
DBS cuts AvePoint TP to $20 on SaaS de-rating
Nurdianah Md Nur - DBS Group Research has maintained its “buy” call on AvePoint with a lower target price (TP) of $20, down from $28, to reflect the broader de-rating of software-as-a-service (SaaS) peers. Analyst Sachin Mittal says the reduced target price is based on seven times 12-month forward EV/Sales. Despit ...