16 minutes ago
Asian stocks decline at open, tech leads drop
The market’s recent swings highlight investors’ growing unease over whether the technology giants
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
30 minutes ago
SpaceX, Unitree, Anthropic, OpenAI: Is the ultra-hyped tech listing wave backed by sound fundamentals?
Deon Loke - BT looks at what analysts are saying about the current and upcoming tech IPO headliners
42 minutes ago
Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
BEIJING, June 26 : Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell 19 cents, or 0.25 per cent, to $75.07 a ...
1 hour ago
Stocks to watch: MoneyMax, Del Monte Pacific, JustCo
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect the trading of their securities on Friday (Jun 26):
1 hour ago
Gold steadies near US$4,000 as inflation data eases rate-hike bets
A stronger US dollar makes commodities priced in the US currency more expensive for most buyers
2 hours ago
South Korea to lower fuel price caps, finance minister says
SEOUL, June 26 : South Korea will lower its cap on fuel prices as part of efforts to curb inflation pressure, the finance minister said on Friday. "We kept the sixth fuel cap price unchanged this week due to uncertainty of the Middle East situation, but the seventh cap will be lower than the cu ...
2 hours ago
Always-on won: dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won's dramatic tailspin after South Korea's 2024 martial law decree.Now his job will be stretched aro ...
2 hours ago
JPMorgan sets a new succession plan but Jamie Dimon plans to stay on
The question of Jamie Dimon’s eventual successor has for years been one of the most discussed transition sagas in corporate America
2 hours ago
China’s capital crackdown: Why Hong Kong will still keep its edge over Singapore, others
Shikhar Gupta - Analysts say China’s move will have limited impact on Hong Kong, and even boost it
2 hours ago
HSBC powers Asean’s energy transition in an AI era
Every year, Ecosperity Week brings together global leaders from the private and public sectors, academia and civil society to exchange views, share best practices and advance sustainable development with a strong focus on the Asia-Pacific region (Apac). At this year’s event, the energy transition ...
2 hours ago
Core inflation in Tokyo accelerates as energy-driven price pressures begin to broaden
TOKYO, June 26 : Annual core inflation in Japan's capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle East conflict that keeps the central bank on track to consider further raise interest rates."The impact of the Middle East situation is ...
2 hours ago
Core inflation in Tokyo stays below BOJ target for fifth month
TOKYO, June 26 : Annual core inflation in Japan's capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle East conflict.The data will be among the factors the Bank of Japan will scrutinise at next month's policy meeting, when the board will ...
2 hours ago
Tokyo June core CPI rises 1.6% yr/yr
TOKYO, June 26 : Core consumer prices in Tokyo rose 1.6 per cent in June from a year earlier, government data showed on Friday.The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.6 per ...
3 hours ago
Airfares are staying high even as the jet fuel crisis fades
Consumer demand for air travel remaining high, airlines are unlikely to lower their fares
3 hours ago
Samsung to announce $648 billion investments in South Korea, media report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday. The announcement will be made at a ...
3 hours ago
Samsung to invest 1,000 trillion won in South Korea, media report says
SEOUL, June 26 : Samsung Group will announce its plan to invest 1,000 trillion won ($647.53 billion) for 10 years in South Korea on June 29, which might include a 300 trillion won spend in building chip factories in the southwest of the country, a media report said on Friday. ($1 = 1,544.3200 won)
3 hours ago
Samsung Group to unveil $648 billion South Korea investments, including for chip plants, report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday.The investment, which would include ...
4 hours ago
Oil gains as ship attack raises concern about Hormuz reopening
The US and Iran have both signalled progress though thorny issues remain
4 hours ago
BHP-backed I-Pulse wins $250 million US CHIPS award for silicon-carbide semiconductors
June 25 : Mining giant BHP-backed I-Pulse said on Thursday it had signed an agreement with the U.S. Department of Commerce for a $250 million award to advance its semiconductor and pulsed-power technology.The award from the department's CHIPS Research and Development Office is aimed at supporti ...
4 hours ago
Commentary: Singapore should not focus only on productivity gains from AI
AI is critical, but what is more important for long-term gains is how it is learned and adopted, says Manu Kapur of the Singapore-ETH Centre.
4 hours ago
Wall Street ends mixed as tech megacap declines outweigh upbeat chip outlook
Technology shares reversed early gains to move lower
4 hours ago
European shares hit record close with healthcare stocks leading broader rally
Strong forecasts from Micron and Qualcomm calmed investor concerns that a rally in global AI-linked stocks had run too far
5 hours ago
Trading Day: Tech outlook is cloudy
ORLANDO, Florida, June 25 : It was a day of modest reversals across currencies and commodities on Thursday, to varying degrees, as the dollar rally and oil slump paused for breath. Meanwhile, stocks in Europe and Asia rose, but megacap tech weakness weighed on Wall Street. In my column today, I look ...
5 hours ago
OpenAI leans toward waiting until next year for IPO, NYT reports
June 25 : OpenAI is considering holding off on its public debut until next year, the New York Times reported on Thursday, citing three people involved in the company's deliberations.The AI startup, which has confidentially filed for a U.S. initial public offering, is targeting a valuation of up ...
5 hours ago
Onsemi to buy Synaptics in $7 billion all-stock deal
June 25 : Onsemi said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion, potentially broadening the chipmaker's presence in the fast-growing market for AI-enabled devicesShares of Onsemi fell about 7.4 per cent in extended trading, while those of Syn ...
8 hours ago
Stellantis, Nissan eye Marelli assets in rescue talks, Bloomberg reports
June 25 : Automakers Stellantis and Nissan Motor are in talks to take over some assets of Japanese auto parts supplier Marelli Holdings, Bloomberg News reported on Thursday, citing sources.Stellantis is in discussions to acquire Marelli's suspensions business in Italy and some other countries, ...
8 hours ago
Xbox to raise console prices worldwide from August
June 25 : Microsoft's Xbox is raising prices of its gaming consoles by up to $150 worldwide, citing a deepening global components crisis that has sent storage and memory costs soaring across the consumer electronics industry.Groups representing automakers, retailers, electronics firms and other ...
9 hours ago
Exclusive-Bumble dating app explores sale, sources say
NEW YORK, June 25 : Dating app Bumble is exploring a sale amid slowing growth in the online dating sector, according to three people familiar with the matter.The company, which gained recognition as one of the first major platforms to require women to initiate contact, is working with investment ban ...
9 hours ago
Italy's Domyn to launch open source frontier AI model within a year, CEO says
June 25 : Italy's Domyn will release a fully open-source AI model within a year, aiming to build one of the most advanced so-called "frontier" systems available, CEO Uljan Sharka said on Thursday.The move comes as Europe seeks alternatives to reduce reliance on foreign-hosted AI syste ...
10 hours ago
World stocks climb on chip rally; dollar steadies near one-year high
NEW YORK, June 25 : Global stocks rose on Thursday as strong earnings from chipmakers lifted sentiment, while the dollar hovered near a one-year high, with investors remaining wary about stretched valuations.The benchmark S&P 500 and the Nasdaq were advancing on Wall Street, led by industrials, ...
10 hours ago
US FCC toughens submarine communication cable rules
WASHINGTON, June 25 : The Federal Communications Commission on Thursday voted to toughen oversight of submarine communications cables that handle 99 per cent of international internet traffic, proposing rules that will make it harder for Chinese companies to provide equipment and fast-track ap ...
10 hours ago
Micron joins rivals pitching AI deals as cure for memory's boom-bust cycle
SAN FRANCISCO, June 25 : Memory chipmakers have for decades been trapped in boom-bust cycles, with capacity buildouts hitting the market just as demand craters. Micron, Samsung and SK Hynix are now trying to convince investors this time is different, arguing long-term deals will keep cash flowing ev ...
11 hours ago
Dollar retreats as US inflation data eases rate hike expectations
NEW YORK, June 25 : The dollar was set to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation softened expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expendi ...
11 hours ago
Dollar eases from 13-month high after data burst
NEW YORK, June 25 : The dollar was on track to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation slightly dented expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consump ...