Business Headlines & Singapore Stock Market News

11 minutes ago

Asian stocks rise following chip rally, oil slips

The MSCI Asia Pacific Index climbs 0.5% but is on track for a weekly loss

37 minutes ago

Fast Retailing shares slide in Tokyo after Uniqlo operator's results, yen warning

TOKYO, July 10 : Shares in the Japanese owner of clothing brand Uniqlo slid sharply on Friday after the company raised its profit forecast but warned about the impact of the weak yen.Fast Retailing slid as much as 5.1 per cent in early Tokyo trading. After the bell on Thursday, the company announced ...

1 hour ago

Japan will not convey in advance preference on BOJ policy, minister says

TOKYO, July 10 : Japan's government would never convey in advance its preference on how the central bank should set interest rates, Economy Minister Minoru Kiuchi said on Friday, brushing aside market concern over political interference in monetary policy.Concerns that dovish premier Sanae Taka ...

1 hour ago

Stocks to watch: China Aviation Oil, Marco Polo Marine, Foundation Healthcare

Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 10):

1 hour ago

Stocks to watch: China Aviation Oil, Marco Polo Marine

Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 10):

1 hour ago

Pioneering aviator and astronaut trainee Wally Funk dead at 87

July 9 : Wally Funk, the trailblazing aviator who became the oldest person to fly to space some 60 years after first undergoing astronaut training with 12 other American women at the dawn of the Space Age, has died in Texas at age 87.Her death was announced in a statement posted on Thursday to socia ...

1 hour ago

OpenAI unveils long-awaited “super app” as rivalry with Anthropic intensifies

ChatGPT Work will roll out on Thursday on web and mobile

2 hours ago

Marco Polo Marine inks pact with Siemens Gamesa for offshore wind vessels

Shikhar Gupta - The Singapore-listed company will supply two commissioning service operation vessels for an Apac wind project

2 hours ago

Japan's wholesale prices spike in July on higher energy costs, weak yen

TOKYO, July 10 : Japan's wholesale prices in June surged 7.1 per cent from a year earlier, accelerating from the previous month in a sign of mounting inflationary pressure from the energy shock caused by the Middle East conflict.The rise in the producer price index was faster than the median ma ...

2 hours ago

Japan's wholesale inflation hits 3-year high as fuel costs, weak yen bite

TOKYO, July 10 : Japan's wholesale inflation accelerated in June at the fastest pace in more than three years as firms aggressively passed on rising costs from the Middle East conflict, data showed on Friday, bolstering the case for further interest rate hikes.The data came in the wake of a Ban ...

2 hours ago

Bitcoin has plummeted nearly 30% this year. Why is it falling and will it rebound?

Shikhar Gupta - They expect the cryptocurrency to start reversing its slide by end of the year

2 hours ago

Australia's NEXTDC signs $1.6 billion senior debt facilities to fund expansion

July 10 : Australian data center operator NEXTDC said on Friday it had signed new senior debt facilities of A$2.3 billion ($1.60 billion) to support capital expenditure required for recent customer contract wins and ongoing data center developments.• The new facilities mark an A$500 million increa ...

2 hours ago

OpenAI's AGI deployment chief Fidji Simo to step down after medical leave

July 9 : OpenAI's CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and pivot to a part-time advisory position at the ChatGPT maker, following an extended medical leave for a neuroimmune condition."Three months ago, I had to go on medical leave af ...

2 hours ago

OpenAI's AGI deployment chief Fidji Simo to step down

(Corrects Fidji Simo's designation in headline and paragraph 1)July 9 : OpenAI's CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and transition to a part-time advisory position at the ChatGPT maker after an extended medical leave."Three mon ...

3 hours ago

‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong

Jude Chan - To pan its returns is to miss the basic point of sovereign wealth, which is to aim to survive market winters

3 hours ago

SK Hynix raises US$26.5 billion in US offering after pricing ADRs at US$149

The proceeds will finance new factories and equipment to meet surging AI chip demand

4 hours ago

Oil prices settle 2% lower as economic worries outweigh supply risks

Both Brent futures and US West Texas Intermediate crude closed lower

4 hours ago

Tech rebound lifts European shares after three-day slide

Technology stocks and basic resources were the top gainers

4 hours ago

US stocks: Nasdaq ends sharply higher; chip surge offsets Iran worries

AI-related stocks continue their volatility

4 hours ago

Exclusive-Software firm CCC explores sale, sources say

NEW YORK, July 9 : CCC Intelligent Solutions is exploring a sale of the company, according to three people familiar with the matter.The Chicago-based company, which provides software and AI-powered workflow tools, has hired Morgan Stanley to advise on a sale process and has reached out to prospectiv ...

4 hours ago

Exclusive-Software firm CCC exploring sale, sources say

NEW YORK, July 9 : CCC Intelligent Solutions, a provider of software and AI-powered workflow tools, is exploring a sale of the company, according to three people familiar with the matter.The Chicago-based company has hired Morgan Stanley to advise on a sale process and has reached out to prospective ...

4 hours ago

FuboTV names Disney's Bowen CEO, removes veteran Gandler

July 9 : Streaming firm FuboTV on Thursday named Disney executive Alisa Bowen as CEO effective July 10, while removing company veteran David Gandler as top boss.Bowen, 53, joins FuboTV from Walt Disney, where she served as president of the media giant's streaming platform Disney+ since Septembe ...

5 hours ago

The microscope moment for cyber resilience

AI models are being placed inside controlled security harnesses

5 hours ago

Coinbase's top attorney who has led crypto's Washington fight to step down

WASHINGTON, July 9 : Coinbase's Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant where he fought off a landmark suit brought by the U.S. securities regulator and played an instrumental role in the crypto industry's Washington campaign to secure indu ...

9 hours ago

OpenAI unveils long-awaited "super app" as rivalry with Anthropic intensifies

July 9 : OpenAI showcased a new AI agent on Thursday meant to help white-collar workers access the power of coding tools without the sticker shock. The agent, called ChatGPT Work, combines OpenAI's popular chatbot with its AI coding tool, Codex, to create documents, presentations and websites, ...

9 hours ago

OpenAI launches ChatGPT Work

July 9 : OpenAI on Thursday unveiled ChatGPT Work, an agent in its popular chatbot designed to execute tasks across different applications and files, marking the startup's latest push into workplace automation.

9 hours ago

OpenAI launches ChatGPT Work, adding to competition for professional AI tools

9 hours ago

OpenAI launches ChatGPT Work, deepening race for workplace AI tools

10 hours ago

India clears Dixon-Vivo JV for domestic smartphone manufacturing

July 9 : Dixon Technologies said on Thursday the Indian government had approved its joint venture with Chinese smartphone maker Vivo Mobile, clearing the way for the companies to set up a smartphone manufacturing company in India.• The joint venture will be owned 51 per cent by Dixon and 49 per ce

11 hours ago

New York Times-led group asks court to sanction OpenAI in US copyright dispute

July 9 : A group of newspapers including the New York Times and New York Daily News asked a federal court in Manhattan on Thursday to sanction OpenAI in their high-stakes copyright dispute for allegedly lying to the court about its ability to search its systems for proof that it misused millions of ...

12 hours ago

Meta debuts Muse Spark 1.1 with preview open to developers

July 9 : Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI model alongside an upgraded version, pitting it directly against the business models of Anthropic and OpenAI in charging for use of its AI.The social media giant touted Muse Spark 1.1 as its most capable ...

12 hours ago

Meta debuts Muse Spark 1.1 model with preview open to developers

July 9 : Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI alongside an upgraded version, pitting it directly against the business models of Anthropic and OpenAI in charging for use of its AI model.The social media giant touted Muse Spark 1.1 as its most capable ...

12 hours ago

AI selloff drives quant funds' worst performance since August

LONDON, July 9 : Some hedge fund managers have in recent weeks posted their worst trading results in almost a year, as many got caught in crowded trades amid highly volatile markets, according to Goldman Sachs.Goldman said in a note dated Wednesday that systematic managers — sometimes called quant ...

12 hours ago

S&P 500, Nasdaq open higher as chip stocks gain

[NEW YORK] The S&P 500 and the Nasdaq edged higher at the open on Thursday (Jul 9), as gains in chip stocks...

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers