3 minutes ago
PDD, owner of Temu, fires dozens of workers after fistfight with China officials
Regulators had requested to see PDD’s transaction data
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
52 minutes ago
KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Chloe Lim - Its asset-light model and careful working-capital management enable disciplined expansion, says analyst
54 minutes ago
Tech jitters dent stocks before central banks take centre stage
SYDNEY, Dec 18 : Asian shares fell on Thursday as the tech sector took a beating on renewed angst about AI spending, while investors braced for a wave of central bank meetings set to underscore policy divergence worldwide.Geopolitical tensions are roiling the commodities markets. Oil prices extended ...
56 minutes ago
Chip shortage lingers as Honda to halt output in Japan, China
Honda shares declined 1.5 per cent in Tokyo
1 hour ago
Apple makes changes to iOS software in face of stricter Japanese rules
Japanese developers will have three options for handling payments
2 hours ago
Fermi denies report that Amazon was prospective tenant in stalled project
Dec 17 : Data center real estate investment company Fermi on Wednesday denied a report that said Amazon was a prospective tenant and that it withdrew funding from the company's project.Business Insider reported earlier in the day that Amazon has been in talks to become the "first tena ...
2 hours ago
Amazon is prospective tenant that withdrew funding from Fermi's project, Insider reports
Dec 17 : Amazon is the prospective tenant that withdrew funding from REIT Fermi's massive data-center project, Business Insider reported on Wednesday, citing the data center's CEO Toby Neugebauer.Fermi and Amazon did not immediately respond to Reuters' requests for comment. Reuters co ...
2 hours ago
Nvidia has not given OpenAI 'a penny yet,' CEO Huang tells Fox Business
Dec 17 : Nvidia Chief Executive Officer Jensen Huang told Fox Business on Wednesday the chipmaker has not given OpenAI "a single penny yet" as part of the company's plan to invest $100 billion in the ChatGPT maker.
2 hours ago
Dinesh Singh Dhillon to step aside as incoming Law Society president at Dec 22 EGM
[SINGAPORE] President-elect of the Law Society of Singapore Dinesh Singh Dhillon has agreed to step aside after a meeting on Dec 17...
2 hours ago
Coinbase announces entry into prediction markets, stocks
The company aims to become “an everyday app”
2 hours ago
Dollar holds gains against sterling, yen as central bank decisions loom
TOKYO, Dec 18 : The dollar held gains against its major counterparts on Thursday as markets positioned for central bank decisions in Britain, Europe and Japan.Sterling remained lower after an unexpected drop in UK inflation backed the case for a rate cut by the Bank of England.The yen trimmed losses ...
2 hours ago
Apple opens iPhone to alternative app stores in Japan
SAN FRANCISCO, Dec 17 : Apple on Wednesday said it has opened iPhones and other devices to alternative app stores in Japan to comply with new laws aimed at stoking competition in that country's smartphone market.Under Apple's new rules, Japanese developers can launch their own app marketp ...
2 hours ago
Stocks to watch: Singtel, Stoneweg Europe Stapled Trust, Acrophyte Hospitality Trust, HG Metal
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 18):
3 hours ago
Stoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement
Therese Soh - This strengthens the Sert’s debt maturity profile and liquidity position
3 hours ago
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores
3 hours ago
Review of Optus emergency calls outage finds process, accountability gaps in Singtel unit
Therese Soh - [SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability and escalation and information protocols.
3 hours ago
Independent review of Optus’ September outage finds process, accountability gaps in Singtel unit
[SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability and escalation and information protocols.
3 hours ago
Optus’ September outage independent review flags urgent process gaps
OPTUS, Australia’s second-largest telecommunications provider, said on Thursday that an independent review into its September outage found gaps in process, accountability, and...
3 hours ago
OpenAI discussed raising tens of billions at about $750 billion valuation, the Information reports
Dec 17 : OpenAI has held preliminary talks with some investors about raising funds at a valuation of around $750 billion, the Information reported on Wednesday.The ChatGPT maker could raise as much as $100 billion, the report said, citing people with knowledge of the discussions.Reuters could not im ...
3 hours ago
OpenAI discussed raising tens of billions at valuation of about $750 billion, the Information reports
Dec 17 : OpenAI has held preliminary talks with some investors about raising at a valuation of around $750 billion, the Information reported on Wednesday.The ChatGPT maker could raise tens of billions of dollars, and as much as $100 billion, the report said, citing people with knowledge of the discu ...
3 hours ago
Shares in South Korea's LGES drop more than 7% after Ford cancels EV battery deal
SEOUL, Dec 18 : Shares of LG Energy Solution dropped as much as 7.6 per cent in morning trade on Thursday after the company announced a day earlier that Ford Motor had cancelled an electric vehicle (EV) battery supply deal. The South Korean battery maker said in a regulatory filing that the terminat ...
3 hours ago
Exclusive-Amazon, Walmart shareholder pushes firms to report impact of Trump's immigration policies
NEW YORK, Dec 18 - A union-aligned investment group sent letters to Amazon, Walmart and Alphabet on Wednesday, asking how U.S. President Donald Trump's immigration policies were impacting their finances and supply chains, according to the documents seen by Reuters. SOC Investment Group ...
3 hours ago
SPDR Straits Times Index ETF offers strategic exposure to Singapore’s economic core
Samantha Chiew - In a world increasingly shaped by macroeconomic uncertainty and geopolitical flux, Singaporean investors are turning to home-ground options that offer clarity, consistency and confidence. The SPDR Straits Times Index ETF (ES3), managed by State Street Investment Management, is one such option. Track ...
4 hours ago
US crude futures jump in Asia trade on Trump's Venezuela blockade
BEIJING, Dec 18 : U.S. crude futures opened a dollar higher in Asian trading on Thursday after President Donald Trump placed a blockade on tankers entering and leaving Venezuela and most exports from the country remained on hold.The West Texas Intermediate contract was up 98 cents, or 1.75 per cent, ...
4 hours ago
FTC probes Instacart's AI pricing tool, source says; shares drop
Dec 17 : The U.S. Federal Trade Commission is probing Instacart, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool.Instacart shares were down about 10 per cent in after-hours trading.The agency has sent the ...
4 hours ago
Exclusive-FTC investigating Instacart's AI pricing tool, source says
Dec 17 : The U.S. Federal Trade Commission is probing Instacart, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool.The agency has sent the company a civil investigative demand, the sources said. The FTC is s ...
4 hours ago
Exclusive-FTC probes Instacart's AI pricing tool, source says; shares drop
Dec 17 : The U.S. Federal Trade Commission is probing Instacart, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool.Instacart shares were down about 10 per cent in after-hours trading.The agency has sent the ...
4 hours ago
ANZ hit with second “strike” as shareholders dissent over pay report
Shareholders may call for another vote on whether to remove the entire board
4 hours ago
Nvidia director Harvey Jones sells $44 million in shares held for over three decades
Dec 17 : Nvidia board member Harvey Jones sold more than $44 million worth of company stock, a regulatory filing showed on Wednesday.Jones, who has served as a director at the chipmaker since 1993, disposed of 250,000 shares on December 15 at an average price of $177.33 per share, the filing showed. ...
4 hours ago
Coinbase pushes into stock trading, event contracts as retail battle heats up
Dec 17 : Coinbase said on Wednesday it will start letting users trade stocks and event contracts tied to real-world outcomes, as the exchange expands beyond its crypto roots to compete more directly with rivals.Investment platforms have been diversifying into different asset classes to encourage cus ...
4 hours ago
From crypto to commerce: Navigating stablecoins in Asia
A calibrated strategy is needed to harness their efficiency while safeguarding monetary sovereignty
4 hours ago
Sembcorp’s purchase of Alinta has green risks
Kenneth Lim - Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition
4 hours ago
When SME owners delay succession planning, their business and family pay the price
In the wake of an SME owner’s death, cashflow risks and legal uncertainty can threaten business viability
4 hours ago
Pop Mart’s 40% stock rout shows growing worry over Labubu crash
Concerns remain whether Labubu is a durable long-term character or a fashion trend