34 minutes ago
European shares muted as markets weigh US-Iran deadlock
The war has shuttered the Strait of Hormuz with soaring oil prices adding to concerns over the conflict’s impact on inflation and...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 hours ago
Former OpenAI executive Sutskever discloses nearly $7 billion stake in AI firm
May 11 : Former OpenAI Chief Scientist Ilya Sutskever said on Monday his ownership stake in the artificial intelligence startup is worth about $7 billion, as he testified in a legal fight between Elon Musk and OpenAI.• The trial could determine the future of OpenAI, which spearheaded widespread us ...
3 hours ago
Ex-OpenAI exec Sutskever says he spent a year gathering proof of alleged Altman dishonesty
May 11 : Former OpenAI chief scientist Ilya Sutskever testified on Monday that he spent about a year gathering evidence for the ChatGPT maker's board that CEO Sam Altman had displayed a "consistent pattern of lying."During his testimony in a legal fight between OpenAI and Elon Musk, t ...
3 hours ago
Microsoft, Google, xAI security test details deleted from US government website
WASHINGTON, May 11 : The U.S. Commerce Department removed details from its website about its agreement with Google, xAI and Microsoft to test their artificial intelligence models for security vulnerabilities, according to a Reuters review of the agency's site.The link that previously led to the ...
4 hours ago
Freeport says Grasberg recovery not delayed until 2028, stands by 2027 forecast
May 11 : Freeport-McMoRan said on Monday that it still expects Indonesia's Grasberg copper and gold mine to resume full production by the end of 2027, confirming a plan outlined last month and pushing back on reports that the restart could drag into 2028."PT Freeport Indonesia's ramp- ...
6 hours ago
Family of Florida mass shooting victim sues OpenAI in US court
“OpenAI knew this would happen. It’s happened before and it was only a matter of time before it happened again,” said the widow of a Florida State University shooting victim, as OpenAI denied any involvement of ChatGPT.
6 hours ago
Netflix sued by Texas for allegedly spying on children, addicting users
May 11 : Netflix was sued on Monday by Texas Attorney General Ken Paxton, who accused the streaming company of spying on children and other consumers by collecting their data without consent, and designing its platform to be addictive.Texas said Netflix has for years falsely represented to consumers ...
6 hours ago
Britain's bank regulator expects 'quite significant disruption' from latest AI models
LONDON, May 11 : The head of the Bank of England’s regulatory arm on Wednesday said it was “reasonable to expect quite significant disruption” to financial services from the latest AI models such as Anthropic’s Mythos and ChatGPT 5.5 Instant.Sam Woods, chief executive of the Prudential Regul ...
7 hours ago
US stocks: Wall Street pauses after record run as US-Iran talks stall
WALL Street’s main indexes paused on Monday (May 11), after last week’s record-setting rally, as renewed worries over stalled US-Iran talks weighed...
7 hours ago
California county sues Meta over scam ads
May 11 : California's Santa Clara County has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California's false advertising and unfair business practices laws.The lawsuit – filed Monday in Santa Clara County Superior Court on ...
7 hours ago
Litigation against OUE Reit independent director discontinued
Sharanya Pillai - The unitholder of Dasin Retail Trust who filed an originating claim against Tan Huay Lim in 2023 has withdrawn it
8 hours ago
UK fintech Wise makes US trading debut with dual listing
Billionaire Peter Thiel, Silicon Valley’s Andreessen Horowitz and UK-based Baillie Gifford were among its early investors
9 hours ago
SIA Engineering raises dividend as ‘robust’ demand drives H2 earnings up 20.9%
Sharanya Pillai - The Middle East conflict has, however, introduced supply chain disruptions and inflationary pressures
9 hours ago
Fox Corp beats third-quarter revenue estimates on strong ad sales from news, sports
It reports revenue of US$3.99 billion, against analysts’ average estimate of US$3.82 billion
9 hours ago
Stock market concentration - a feature, not a bug: McGeever
ORLANDO, Florida, May 11 : As the artificial intelligence boom accelerates, stock market concentration is reaching historic proportions – and not just in the U.S. where tech megacaps like Nvidia and Alphabet dominate. Increasingly, top-heavy indices are a feature of global equity markets, not a bu ...
9 hours ago
SIA Engineering's FY2026 earnings up 21% to $168.9 mil
The Edge Singapore - SIA Engineering has reported earnings of $85.6 million for its 2HFY2026 ended March, up 20.9% y-o-y. This brings its full year earnings to $168.9 million, up 21%. Revenue in the same FY ended March was up 14.2% to $1.42 billion, thanks to "robust" demand for maintenance, repair and overhau ...
9 hours ago
OpenAI creates new unit with $4 billion investment to aid corporate AI push
May 11 : OpenAI said on Monday it is setting up a new company with more than $4 billion in initial investment to help organizations build and deploy artificial intelligence systems, and will acquire an AI consulting firm, Tomoro, to quickly scale up the unit.After its early models saw strong resonan ...
10 hours ago
SoftBank's Son considers up to $100 billion investment in France, Bloomberg News reports
May 11 : SoftBank Group Corp founder Masayoshi Son is considering an investment of up to $100 billion in France, including a multibillion-dollar project to build AI infrastructure in the European nation, Bloomberg News reported on Monday.Companies have been channeling billions into data centres to p ...
10 hours ago
Softbank's Son weighs up to $100 billion investment in France, Bloomberg News reports
May 11 : SoftBank Group Corp founder Masayoshi Son has held talks about unveiling a French AI data centre project and is weighing an investment of up to $100 billion in France, Bloomberg News reported on Monday, citing people familiar with the matter.
10 hours ago
Mapletree acquires 96.8-acre site in New Jersey to build warehouses
The Edge Singapore - Mapletree Investments has acquired a 96.8-acre site in the US to build what it calls a best-in-class logistics facility. The cost was not disclosed. The development, at 370 Smithburg Road in Manalapan, New Jersey, will feature two warehouse buildings with individual footprints of 300,220 sq ft and 6 ...
10 hours ago
Bessent’s unprecedented grasp on Japan policy tests Takaichi
His knowledge of Japan is “unprecedented” for a Treasury chief, according to Ken Weinstein
10 hours ago
Isca panel urges firms to ditch boilerplate guidance, bridge trust gap
Meera Pathmanathan - Acknowledging uncertainties with the right assumptions can build credibility with investors
10 hours ago
Shein accuses Temu of 'industrial scale' copyright breaches in UK legal battle
LONDON, May 11 : Online fast-fashion platform Shein accused Temu of copyright infringement "on an industrial scale", while Temu countered that Shein is using litigation to stifle competition, as a trial opened at London's High Court on Monday.The case is part of a global legal battle ...
10 hours ago
Mapletree buys 39-ha site in New Jersey for logistics facility, in sixth US development project
Chong Xin Wei - The new development will be near key air cargo hubs and seaports, and comprise two warehouse buildings
11 hours ago
Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push
TOKYO, May 11 : Big tech's borrowing spree to fund AI intensified on Monday as Alphabet disclosed plans for its first yen-denominated bond sale and Amazon prepared its debut Swiss franc offering.The overseas bond sales underscore how surging spending on artificial intelligence is leading Americ ...
11 hours ago
Alphabet considers first yen bond sale to fund AI goals
TOKYO, May 11 : Alphabet plans to sell Japanese yen-denominated bonds for the first time, it disclosed in a filing on Monday, as technology giants tap debt markets to fund artificial intelligence infrastructure deployments.The Google parent did not disclose the size of the offering. The issuance is ...
12 hours ago
EU says OpenAI offers to open access to cybersecurity model, Anthropic not there yet
BRUSSELS, May 11 : The European Commission on Monday welcomed an offer by U.S. artificial intelligence giant OpenAI to provide open access to its cybersecurity features, but said its rival Anthropic has not yet gone so far.While the Commission has received the offer from OpenAI, it has had four or f ...
12 hours ago
EU Commission in talks with OpenAI and Anthropic over AI models
BRUSSELS, May 11 : The European Commission is in ongoing discussions with U.S. artificial intelligence giants OpenAI and Anthropic, a spokesperson said on Monday.Spokesperson Thomas Regnier said the Commission welcomed OpenAI's proactive engagement, including its intent to grant access to its n ...
12 hours ago
Oil rises after Trump rejects Iran’s response to US peace proposal
[LONDON] Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a US peace proposal was “unacceptable”, raising...
12 hours ago
Saudi crude exports to China set for record low in June amid high prices, sources say
Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month
12 hours ago
Circle sees revenue boost as stablecoin demand rises amid volatility; shares up
May 11 : Circle on Monday reported higher quarterly revenue and reserve income driven by increased adoption and circulation of its stablecoin, sending its shares rising nearly 5 per cent in trading before the bell. Market volatility and the Middle East conflict pushed investors to rotate out of cryp ...
12 hours ago
Circle revenue boosted as stablecoin demand rises amid volatility; shares up
May 11 : Circle reported higher quarterly revenue and reserve income on Monday, driven by increased adoption and circulation of its stablecoin, pushing its shares 2 per cent higher in early trading.Market volatility and the Middle East conflict pushed investors to rotate out of risky cryptocurrencie ...
12 hours ago
OCBC, UOB, DBS lead Singapore stocks higher on Monday; STI up 0.4%
Jude Chan - Across the broader market, losers outpace gainers 340 to 279, as 2.1 billion securities worth S$2.6 billion change hands
12 hours ago
AI labs should pass safety review to get US government contracts, group says
May 11 : The Trump administration should screen cutting-edge artificial intelligence models for security threats before they are publicly released and withhold lucrative government contracts from those that fail review, an advocacy group told U.S. officials on Monday.The White House is grappling wit ...