1 hour ago
BofA Tower gets Chicago’s biggest mortgage bond deal since Covid
[NEW YORK] A mortgage loan for Chicago’s Bank of America (BOA) Tower is being refinanced with US$700 million in bonds, a rare...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
‘Electricians will be the next billionaires’ as data centre boom lifts shares of Malaysia’s MEP firms: JP Morgan
Jovi Ho - Electricians will be the next billionaires, say JP Morgan analysts, thanks to a data centre boom in Asean led by Malaysia. Malaysian stocks involved in the mechanical, electrical and plumbing (MEP) business have emerged as one of the hottest themes since the country’s data centre boom, say JP Morg ...
2 hours ago
TPG, Warburg weigh US$500 million stake in India-rooted Sirion
[MUMBAI] TPG Capital and Warburg Pincus are in early talks to buy a stake in Sirion Labs, a Partners Group Holding-backed software...
5 hours ago
Travel ban on Victor Hartono casts spotlight on Indonesia’s richest family: Analysts
Wahyudi Soeriaatmadja - The chief executive of Indonesia’s Djarum and the eldest son of billionaire Robert Budi Hartono is barred from leaving the country
5 hours ago
Judge in Google ad tech case seeks quick fix for web giant's monopolies
[ALEXANDRIA] The US judge considering whether to order a breakup of Google’s advertising technology business asked the Department of Justice (DOJ) on...
6 hours ago
ACE Team Foundation raises $5 mil to support adults with autisum at inaugural fundraiser
The Edge Singapore - ACE Team Foundation has raised $5 million at its inaugural gala fundraiser, which will be used to support St Andrew’s Autism Centre (SAAC). SAAC, which runs the St Andrew's Adult Home (SAAH) and two day activity centres, offers a series of programmes and services to enhance the quality of lif ...
8 hours ago
In search of China’s Nvidia
Tong Kooi Ong + Asia Analytica - At the Nvidia GPU Technology Conference in late October, CEO Jensen Huang appeared to deliver exactly what the markets wanted: proof that the tech giant remains the centre of gravity within the current artificial intelligence (AI) ecosystem. Announcements of fresh partnerships with Uber, Palantir, A ...
8 hours ago
Exxon freezes plans for major hydrogen plant amid weak customer demand
[HOUSTON] Exxon Mobil has paused plans to build what would be one of the world’s largest hydrogen production facilities due to weak...
9 hours ago
Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
[NEW YORK] Oil prices eased about 1 per cent on Friday (Nov 21) to settle at one-month lows as the US pushed...
10 hours ago
European shares log a weekly decline, defence stocks slide
[BENGALURU] European shares slid on Friday (Nov 21) and registered a weekly decline as concerns over stretched tech valuations came to the...
10 hours ago
US stocks jump on Fed rate cut bets but lose ground on the week
[NEW YORK] Wall Street stocks closed sharply higher on Friday (Nov 21) as rising expectations of a December interest rate cut by...
10 hours ago
BOJ close to raising rates, board member Masu says -Nikkei
TOKYO :The Bank of Japan is "nearing" a decision to raise interest rates and will not wait until after next year's spring wage negotiations end, its board member Kazuyuki Masu was quoted in the Nikkei newspaper as saying.The remark follows those by Governor Kazuo Ueda on Friday signal ...
10 hours ago
BOJ nearing decision to raise rates, board member Masu says -Nikkei
TOKYO :The Bank of Japan is "nearing" a decision to raise interest rates and will not wait until after next year's spring wage negotiations end, its board member Kazuyuki Masu was quoted in the Nikkei newspaper as saying."I can't say what month it'll be, but in terms of ...
12 hours ago
White House pauses executive order that would seek to preempt state laws on AI, sources say
The White House has put on hold a draft executive order that would seek to preempt state laws on artificial intelligence through lawsuits and by withholding federal funds, sources said on Friday.The draft order would have likely faced significant pushback from states. But its consideration shows how ...
13 hours ago
Ubisoft, Tencent agree 4 billion euro Vantage Studios tie-up
Ubisoft said on Friday it has completed Tencent's investment in Vantage Studios, a new unit built around its Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six franchises.The deal values Vantage at a pre-money enterprise value of 3.8 billion euros ($4.37 billion) and includes a 1. ...
15 hours ago
Brazil's agricultural research agency gets cannabis research greenlight
(Corrects sixth paragraph to say Embrapa applied in September of 2024 for authorization to carry out cannabis research, not last February)By Ana ManoSAO PAULO :Brazilian agricultural research agency Embrapa has received the greenlight from health agency Anvisa to research the cannabis plant, a landm ...
15 hours ago
Paramount wins UK rights for most Champions League matches from 2027
LONDON :U.S. media company Paramount+ will show the majority of Champions League soccer matches in Britain from 2027 to 2031 after it beat the current main broadcaster TNT Sports in an auction, UC3 said on Friday.Amazon's Prime Video retained the first pick of Tuesday matches in Britain and two ...
16 hours ago
Elon Musk's X down for thousands of US users, Downdetector shows
Elon Musk's X was down for thousands of users in the United States on Friday, Downdetector.com showed.There were more than 13,900 reports of issues with the social media platform, as of 10:54 a.m. ET, according to the website that tracks outages by collating status reports from a number of sour ...
16 hours ago
Musk's X recovers for most US users after brief outage, Downdetector shows
Elon Musk's X recovered for most U.S. users after a brief outage on Friday, according to Downdetector.com, just days after the social media platform was hit by a disruption linked to Cloudflare's network.There were less than 500 reports of issues with the platform as of 11:47 a.m. ET, down ...
16 hours ago
Bubble Trouble: AI rally shows cracks as investors question risks
NEW YORK :The biggest bout of volatility in U.S. stocks in months has revealed cracks in the artificial intelligence-related rally, raising questions about whether the market has been in the grips of a speculative bubble that may be popping.Soaring valuations in AI stocks this year have stoked worri ...
16 hours ago
Nokia plans $4 billion AI investment in the United States
STOCKHOLM :Finland's Nokia said on Friday it plans to invest $4 billion in research, development and production in the United States to accelerate innovation in artificial intelligence network connectivity.
17 hours ago
US: Wall St opens higher as December rate cut bets strengthen
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Nov 21) as traders raised bets on an interest rate cut by...
17 hours ago
‘Job opportunities will come’: Leaders must prepare workers for intelligent economy, says Jokowi
Joko Widodo reflected on Indonesia's infrastructure growth during his decade-long tenure as president and discussed adapting to an era of advanced technology, during an interview with CNA's Roland Lim.
18 hours ago
Infinity Development aims to raise net proceeds of S$11.1 million in Catalist IPO
Navene Elangovan - The adhesive manufacturer will use the bulk of the net proceeds, or S$6.2 million, towards expanding in overseas markets
18 hours ago
Fed's Jefferson: AI-related stock gains unlikely to be dot-com boom replay
Federal Reserve Vice Chair Philip Jefferson on Friday said he feels the current surge in stocks related to artificial intelligence is unlikely to be a replay of the late 1990s dot-com stock boom that ended in a bust, in large part because AI-related firms are well established and have actual earning ...
18 hours ago
IMDA to co-fund deployment of robots by 500 firms over next 3 years
Young Zhan Heng - The authority’s support will focus on improving integration and interoperability
18 hours ago
Trump trade triggers US market sell-off; STI escapes the worst for now
Goola Warden - Rotational selling in global markets is evident. Whether it was triggered by frothy valuations in the wake of 3Q2025 earnings reports or too much froth in AI and Palantir or a sudden sell-off in Bitcoin is debatable. Technically, reasons are not the key. The focus is on volume, momentum, the stance ...
19 hours ago
Ex-Lloyd’s CEO lost US$17 million AIG job after office romance
[WASHINGTON] American International Group’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and...
19 hours ago
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers
19 hours ago
Creative Technology interim CEO and executive chairman Tan Jok Tin to step down in Jan 2026
Shikhar Gupta - Tan has been in the interim role since July, when Freddy Sim stepped down as chief for health reasons
19 hours ago
ECB, RBI agree to start initial phase of interlinking domestic payment systems
The central banks of India and the European Union have agreed to start the initial phase of linking domestic payments systems, the Reserve Bank of India said on Friday. The interlinking will aim to facilitate cross-border remittances between India and the euro zone, the RBI said.The Reserve Bank of ...
19 hours ago
India, Europe central banks agree to start initial phase of linking domestic payment systems
The central banks of India and the European Union have agreed to start the initial phase of linking domestic payments systems, the Reserve Bank of India said on Friday.
19 hours ago
Jardine Matheson’s Q3 performance ‘in line with expectations’
Janice Lim - [SINGAPORE] Hong Kong-based conglomerate Jardine Matheson said in a bourse filing on Friday (Nov 21) that its performance for the third quarter...
20 hours ago
Deutsche Bank’s DWS cuts Asia private credit team in shift: sources
Despite the retreat from Asia private credit, DWS sees alternatives driving growth and plans hires in Singapore