27 minutes ago
When an ex-wife fights to control her stroke-stricken ex-hubby’s assets
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Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
41 minutes ago
G20 finance chiefs back central bank independence in first communique since October
[DURBAN, South Africa] Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging to boost...
50 minutes ago
Perplexity in talks with phone makers to pre-install Comet AI mobile browser on devices
Nvidia-backed Perplexity AI, the startup challenging Google with its AI-powered search engine, is in discussions with mobile device makers to pre-install its new Comet browser on smartphones, CEO Aravind Srinivas told Reuters on Friday.The move could significantly boost Perplexity's reach by ca ...
1 hour ago
Oil steadies as mixed US economic and tariff news offset new Russia sanctions
[NEW YORK] Crude oil futures were little changed on Friday on mixed US economic and tariff news and worries about oil supplies following the European Union’s...
1 hour ago
Europe: Shares end flat as markets assess earnings flurry
EUROPEAN shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing...
1 hour ago
US: Stocks mixed as indexes struggle to retain record highs
[NEW YORK] Wall Street stocks closed mixed on Friday, with the S&P 500 and Nasdaq struggling to log significant gains as investors awaited further...
2 hours ago
Cryptocurrency firm Bullish files for US IPO
Cryptocurrency firm Bullish on Friday filed for an initial public offering in the United States.Uncertainty surrounding President Donald Trump's tariff policies slowed down the IPO market amid heightened volatility, but sentiment is shifting as new listings gain traction.Bullish is expected to ...
2 hours ago
Crypto exchange Bullish's US IPO filing reveals quarterly loss
Cryptocurrency exchange Bullish on Friday disclosed a quarterly loss compared to a year-ago profit in its paperwork for a U.S. initial public offering, amid rising investor interest in the sector.Bullish joins crypto exchange Gemini and crypto-focused asset manager Grayscale — both of which have c ...
3 hours ago
Exclusive-Tesla IT exec with no traditional car-sales experience is running sales, sources say
A relatively little-known information technology executive is running Tesla's sales team as the electric carmaker grapples with a sales freefall, according to people familiar with the matter.Raj Jegannathan, a senior executive with a wide purview including several IT and data functions, recentl ...
4 hours ago
Crypto sector breaches $4 trillion in market value during pivotal week
The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.A wave of renewed optimism, regulatory clarity in key markets and rising institutional ...
4 hours ago
Trump signs stablecoin law as crypto industry aims for mainstream adoption
U.S. President Donald Trump on Friday signed a law to create a regulatory regime for U.S.-dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money. The bill, dubbed the GENIUS Act, pass ...
4 hours ago
Microsoft likely to sign EU AI code of practice, Meta rebuffs guidelines
BRUSSELS :Microsoft will likely sign the European Union's code of practice to help companies comply with the bloc's landmark artificial intelligence rules, its president told Reuters on Friday, while Meta Platforms rebuffed the guidelines.Drawn up by 13 independent experts, the voluntary c ...
5 hours ago
OpenAI launches $50 million fund to support nonprofits, community organizations
SAN FRANCISCO :ChatGPT maker OpenAI is launching a $50 million fund to support nonprofit and community organizations, the artificial intelligence company said on Friday.The fund is the first action following a recommendations report from the San Francisco-based company's nonprofit commission, ...
6 hours ago
JPMorgan eyes new research frontier with coverage of private firms, source says
JPMorgan Chase has begun publishing research notes on prominent private companies transforming industries, a person familiar with the matter told Reuters on Friday.With many industry-leading private companies delaying public listings, they are attracting a growing share of investor capital, promptin ...
7 hours ago
Corning staves off antitrust fine as EU regulators accept concessions to mobile phone makers
BRUSSELS :EU antitrust regulators on Friday accepted glass maker Corning's offer to waive exclusive deals with mobile phone makers and glass processing companies and scrap purchasing clauses to end an eight-month long investigation and stave off a possible fine.The U.S. company, which sells a b ...
8 hours ago
Chinese automakers should pursue 'rational competition' in EV industry, official says
BEIJING :Major automakers should push for "rational competition" in the electric vehicle industry, a senior Chinese official said on Thursday (Jul 17), according to a statement from the industry ministry published on Friday. The comments from Che Jun, head of a Communist Party central lead ...
8 hours ago
Japan finance minister aware of market concerns about fiscal health
Japanese Finance Minister Katsunobu Kato said on Friday he was aware of bond market concerns about the country's fiscal policy ahead, in the build-up to an upper house election where the minority government is poised for another setback.Japanese government bonds plunged this week, sending yield ...
9 hours ago
Netflix shares drop as revenue forecast leaves investors unimpressed
Netflix shares declined more than 5 per cent in early trading on Friday, as investors were disappointed by the streaming giant's revenue forecast raise being driven by a weaker dollar instead of strong customer demand.The stock has nearly doubled in value in the last 12 months, pushing Netflix& ...
9 hours ago
Netflix shares fall as weak dollar-driven forecast fails to impress
Netflix shares declined more than 4 per cent on Friday as some investors were disappointed by a revenue forecast that was driven more by a weaker dollar than strong demand for the streamer's content.Expectations were running high for the streaming giant, after its shares nearly doubled in value ...
9 hours ago
Citi lowers target price for City Developments to $9.01
Nicole Lim - Citi Singapore has reduced its target price for City Developments (CDL) to $9.01 from $9.51 previously, following the recently announced divestments of three properties under the group among other factors. Analyst Brandon Lee is keeping his “buy” rating on CDL. CDL recently announced the divestm ...
9 hours ago
UOB Kay Hian initiates ‘buy’ on Lum Chang Creations with target price of 39 cents
Felicia Tan - UOB Kay Hian analyst Heidi Mo has initiated “buy” on Lum Chang Creations, which is about to be listed on the Singapore Exchange (SGX) on July 21. Mo, who has a target price of 39 cents, representing a 56% upside to the company’s initial public offering (IPO) price of 25 cents, sees several pos ...
10 hours ago
Here are a few laggard developers trading at steep discounts to book
Goola Warden - The table of developers shows the top 20 real estate (including CapitaLand India Trust) by market capitalisation. A handful of developers with low price to book ratios have been laggards. The most obvious are Frasers Property (FPL), Wing Tai Holdings, OUE and Hong Fok. The reasons are varied. For FP ...
10 hours ago
US: Wall Street opens higher as investors weigh data, earnings
[NEW YORK] Wall Street opened higher on Friday (Jul 18), with investors weighing a week of mixed economic signals and earnings reports,...
10 hours ago
Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year
12 hours ago
AI models with systemic risks given pointers on how to comply with EU AI rules
BRUSSELS :The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act).The move aims to counter criticism from some compan ...
12 hours ago
As Singapore faces golf course shortage, the irony is more players are picking up the sport
With the number of active golfers now at 140,000 and counting, more public courses and overseas tie-ups are needed
13 hours ago
Lum Chang Creations’ public offer of 1 million shares 47.3 times oversubscribed
Ranamita Chakraborty - IPO raises total gross proceeds of S$12.25 million, including S$8.75 million from new shares and S$3.5 million from vendor shares
13 hours ago
Garuda new 737 plane’s higher rent may strain finances further
It is paying around US$400,000 per month for the 737 Max 8 it has leased from BOC Aviation
13 hours ago
As Trump and Powell saga plays out, it’s the Fed’s independence that gives it credibility
The US president has vowed to name the next central bank chief soon – an unprecedented move that could roil markets and...
13 hours ago
Daily Debrief: What Happened Today (Jul 18)
Stories you might have missed
13 hours ago
Qian Hu reports 87.7% y-o-y decline in 1HFY2025 earnings of $31,000
Nicole Lim - Qian Hu Corporation has reported an 87.7% y-o-y decline in earnings for the 1HFY2025 ended June 30 of $31,000. The integrated fish service provider’s revenue for the reporting period came in marginally lower at $35.1 million, down 0.2% y-o-y from the $35.2 million reported in the same period a yea ...
13 hours ago
China quietly issues 2025 rare earth quotas, sources say
China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public statement, sources with knowledge of the matter said this week, another sign of Beijing tightening its control over the crucial sector. The quotas are closely monitored as a barometer for the glo ...
13 hours ago
UOB awarded S$17.7m in civil suit against Lippo Marina Collection over inflated housing loans
[SINGAPORE] UOB has been awarded S$17.7 million in claims against Indonesian developer Lippo Marina Collection (LMC) and two property agents, Goh Buck...
13 hours ago
ISDN’s subsidiary partners Harmonic Drive Systems Inc to distribute precision control system products in Asia
Nicole Lim - A subsidiary of ISDN Holdings has entered into a joint sales agreement with Tokyo-based company Harmonic Drive Systems Inc (HDSI) for the sale and distribution of HDSI’s products across Asia. HDSI, a technology company specialising in precision control systems, will work with Servo Dynamics to pro ...