14 minutes ago
Oil settles higher as hopes of peace in the Middle East dwindle
The EIA now expects global oil inventories will fall about 2.6 million bpd this year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
37 minutes ago
Commentary: Why US$70 should be the most worrying number for the LNG market
US$70 is the tipping point where liquefied natural gas (LNG) will get squeezed out by renewable alternatives, says David Fickling for Bloomberg Opinion.
37 minutes ago
S&P 500, Nasdaq end lower as inflation, Iran tensions weigh
As reporting season wraps up, investors are increasingly focused on valuations, macroeconomics and geopolitical developments
55 minutes ago
Stoxx 600 falls as fragile Middle East ceasefire dents risk sentiment
Money markets currently expect three hikes from the ECB before the end of the year
1 hour ago
SpaceX eyes global spaceports as Starship launch ambitions grow ahead of IPO
May 12 : SpaceX is scouting potential U.S. and overseas locations to build "spaceports", CEO Elon Musk said in a post on X on Tuesday, as the company prepares for a future in which its massive Starship rocket could launch thousands of times a year.Unlike traditional expendable rockets, Sta ...
2 hours ago
US social media legislation gains momentum as key Republican senator pledges support
WASHINGTON, May 12 : U.S. legislation that would require social media companies to take more responsibility for how their apps affect children and teens overcame a key hurdle on Tuesday, when a leading Republican senator said he would back the bill.U.S. Senator Ted Cruz said at an event in Washingto ...
3 hours ago
Exclusive-Meta employees protest against mouse tracking tech at US offices
NEW YORK, May 12 : Meta employees distributed flyers at multiple U.S. offices on Tuesday to protest against the company's recent installation of mouse-tracking software on their computers, according to photos of the pamphlets seen by Reuters.The flyers, which appeared in meeting rooms, on vendi ...
3 hours ago
Exclusive-Meta US employees organize protest against mouse tracking tech
NEW YORK, May 12 : Meta employees distributed flyers at multiple U.S. offices on Tuesday to protest the company's recent installation of mouse-tracking software on their computers, according to photos seen by Reuters.The flyers encourage staffers to sign an online petition against the move, say ...
4 hours ago
Meta seeks to avoid EU fine with free WhatsApp access for rival AI chatbots
BRUSSELS, May 12 : Meta Platforms has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses ways to resolve EU antitrust concerns, the U.S. tech giant said on Tuesday, in a move that could stave off a hefty fine.Meta's move came af ...
4 hours ago
Meta offers rival AI chatbots free access to WhatsApp for a month
BRUSSELS, May 12 : Meta Platforms has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses commitments with EU antitrust regulators to address their concerns, the U.S. tech giant said on Tuesday.Meta's move came after the European ...
4 hours ago
Samsung Electronics, S. Korean labor union fail to reach pay deal, strike looms
SEOUL, May 13 : Samsung Electronics and its South Korean labor union failed to reach a pay deal on Wednesday, its union leader said, expecting over 50,000 workers would go ahead with a full strike that threatens to disrupt production of AI and other chips.The impasse followed hours of marathon talks ...
4 hours ago
Samsung Electronics, labor union fail to reach pay deal as strike looms
SEOUL, May 13 : Samsung Electronics and its South Korean labor union failed to reach a pay deal on Wednesday, its union leader said, ahead of a planned lengthy strike that threatens to disrupt production of AI and other chips.The impasse followed hours of marathon talks on Monday and Tuesday under a ...
4 hours ago
Samsung Elec, labour union fail to reach pay deal as strike looms
SEOUL, May 13 : Samsung Electronics and its South Korean labour union failed to reach a pay deal on Wednesday, its union leader said, ahead of a planned lengthy strike that threatens to disrupt production of AI and other chips.The union has said that should its demands not be met, workers will strik ...
5 hours ago
OpenAI faces lawsuit in California court claiming chatbot gave advice that led to fatal overdose
May 12 : The parents of a man who died of an accidental drug overdose last year sued OpenAI and its founder and CEO Sam Altman in a California court on Tuesday, alleging the man was coached to take a dangerous combination of substances by ChatGPT.Leila Turner-Scott and Angus Scott say their son, Sam ...
6 hours ago
Anthropic expands Claude's AI tools for law firms, lawyers
WASHINGTON, May 12 : Artificial intelligence company Anthropic on Tuesday released an expanded suite of features for lawyers using its Claude AI assistant, including tools for specialized legal topics and access within Claude to other legal research and AI products. San Francisco-based Anthropic sai ...
6 hours ago
Explainer-What is in the US Senate's landmark crypto bill?
May 12 : The U.S. Senate Banking Committee late on Monday unveiled the text of a long-awaited, landmark bill that would create a regulatory framework for cryptocurrencies ahead of a scheduled committee vote to advance the bill on Thursday.Dubbed the Clarity Act, the bill aims to clarify financial re ...
6 hours ago
Google in talks with SpaceX for Suncatcher orbital data center project
May 12 : Alphabet's Google on Tuesday said it has been in discussions with Elon Musk's SpaceX and others regarding future launches for its Project Suncatcher, an orbital data center project.Google is pushing the space-based data center idea with Project Suncatcher, a research effort to net ...
6 hours ago
Google, SpaceX in talks to explore data centers in orbit, WSJ reports
May 12 : Alphabet's Google is in talks with Elon Musk's SpaceX for a rocket launch deal as the search giant expands its own efforts to put orbital data centers in space, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions.
6 hours ago
Stocks wilt as oil rallies; Iran ceasefire 'on life support'
“There's been speculation about the Iran conflict flaring back up. That's pushed oil prices higher,” said analyst Emily Roland of Manulife John Hancock Investments.
7 hours ago
Starlink rival Eutelsat's Q3 revenue meets forecasts as LEO growth offsets video decline
May 12 : European satellite operator Eutelsat on Tuesday reported third-quarter revenue broadly in line with market expectations, as growth in its low Earth orbit internet business helped offset continued weakness in video.Investors are watching for the point at which LEO growth outweighs the declin ...
7 hours ago
US prosecutors charge Singapore firm, two other parties over 2024 Baltimore bridge collapse
[WASHINGTON] The US Justice Department said on Tuesday (May 12) that a grand jury has indicted two foreign operators and a shoreside...
7 hours ago
Google-backed Isomorphic raises $2.1 billion to scale AI-driven drug discovery
May 12 : Isomorphic Labs, an artificial intelligence-driven drug discovery company, said on Wednesday it has raised $2.1 billion in its latest funding round led by existing investor Thrive Capital.The funding round, completed at an undisclosed valuation, also included other existing investors, Googl ...
7 hours ago
Anthropic's Mythos sends US banks rushing to plug cyber holes
NEW YORK, May 12 : U.S. banks are rushing to fix scores of IT system weaknesses flagged by Anthropic’s powerful but costly Mythos AI tool, prompting urgent repairs, software upgrades and raising the possibility of disruption for customers.A handful of the country's largest lenders currently h ...
7 hours ago
MAS reappoints DPM Gan as chairman; adds SBF’s Ong Pang Thye to board
Sharanya Pillai - Managing director Chia Der Jiun has also been re-appointed for another two-year term
8 hours ago
Pentagon deploys Anthropic's Mythos to patch cyber gaps while planning to ditch firm
WASHINGTON, May 12 : The Pentagon is deploying Anthropic's Mythos cybersecurity model to find and patch software vulnerabilities across the U.S. government even as it races to complete a transition away from the AI company, the Defense Department's top technology official said on Tuesday.
9 hours ago
US stocks: S&P 500, Nasdaq open lower after April inflation data; Middle East in focus
THE S&P 500 and the Nasdaq opened lower on Tuesday, as investors weighed a hotter-than-expected inflation report and fading hopes for a...
9 hours ago
US stocks: Wall Street falls as hot CPI, Iran tensions weigh on sentiment
WALL Street’s main indexes edged lower on Tuesday, with the S&P 500 and the Nasdaq pulling back from record highs after a...
9 hours ago
eBay rejects GameStop’s US$56 billion bid as ‘neither credible nor attractive’
Analysts doubt that the buyout from the video game retailer for a company four times its market value will close
9 hours ago
Canvas' parent company reaches agreement with hacking group behind recent breach
May 12 : The hacking group that targeted the Canvas educational tool and the parent company that owns the software struck a deal to secure stolen student and school data, the company said in a statement late Monday.In a statement posted to its website May 11, the company said it "reached an agr ...
9 hours ago
Canvas' parent company reaches agreement with hacking group behind breach
May 12 : The hacking group that targeted the Canvas educational tool and the parent company that owns the software struck a deal to secure stolen student and school data, the company said in a statement late Monday.In a statement posted to its website, the company said it "reached an agreement ...
9 hours ago
Under Armour expects another weak year as North America struggles, shares slump
It projects annual adjusted operating income to be in the range of US$140 million to US$160 million
10 hours ago
Kimly's 1HFY2026 earnings up 10.6% y-o-y to $16.4 mil
The Edge Singapore - Coffeeshop chain Kimly's revenue for 1HFY2026 was up 1.3% y-o-y to $161.4 million with contributions from newly acquired coffeeshops and stalls. With better margins, the company was able to report earnings of $16.4 million, an increase of 10.6% for the same half year ended March. The company pl ...
10 hours ago
NTT DC REIT's FY2026 DPU is 2.6% above IPO forecast
The Edge Singapore - NTT DC REIT, which has a March year-end, declared its maiden distribution of 5.56 US cents per Unit, outperforming IPO forecast of 5.42 US cents per Unit. The distribution will be paid on June 29 with the last day of trading on a cum-distribution basis on May 18. NTT DC REIT achieved gross revenue o ...
10 hours ago
Intel’s US$440 billion six-week surge has short sellers circling
This will push their paper losses to more than US$12 billion, says data analytics firm S3 Partners