1 hour ago
Wall Street stocks rise after court ruling against US tariffs
Some analysts said they expect the Supreme Court ruling to lead to lower inflation, but others described the situation as fundamentally uncertain.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
OpenAI expects compute spend of around $600 billion by 2030, source says
Feb 20 : OpenAI is targeting roughly $600 billion in total compute spend by 2030, a source familiar with the matter told Reuters on Friday, as the ChatGPT maker lays groundwork for an IPO that could value it at up to $1 trillion.OpenAI's 2025 revenue totaled $13 billion, beating its $10 billion ...
2 hours ago
Microsoft Gaming head Phil Spencer retires, insider Asha Sharma takes over
Feb 20 : Microsoft said on Friday gaming head Phil Spencer is retiring after 38 years at the software maker, in a major leadership shake-up amid growing challenges in a competitive industry.The company named insider Asha Sharma as the executive vice president and CEO of the gaming division. She will ...
3 hours ago
NASA eyes launch of astronaut moon mission after passing key test
NASA is targeting March 6 for the Artemis II crewed lunar flyby, pending final safety checks and readiness reviews, after a successful launch rehearsal.
4 hours ago
SEC probe involving AppLovin still active, Bloomberg News reports
Feb 20 : The U.S. Securities and Exchange Commission's investigation into marketing platform AppLovin is continuing, Bloomberg News reported on Friday.Bloomberg had in October reported that the SEC was probing allegations that AppLovin violated platform partners' service agreements to push ...
7 hours ago
Explainer-How will companies get refunds now that the US Supreme Court has rejected Trump's tariffs?
WILMINGTON, Delaware, Feb 20 : The U.S. Supreme Court said on Friday that tariffs imposed by President Donald Trump under an economic emergency law were illegal. The court did not say how the government should refund the illegal tariffs, worth an estimated $175 billion.HOW ARE TARIFFS COLLECTED?For ...
7 hours ago
NASA eyes March 6 launch of astronaut moon mission after passing key test
WASHINGTON, Feb 20 : NASA officials on Friday said the agency was targeting March 6 for the launch of four astronauts around the moon and back as part of its Artemis II mission after overcoming rocket-fueling snags in a second key launch rehearsal this week, but cautioned that remaining prep work co ...
8 hours ago
US stocks end higher, Treasury yields gain after Supreme Court strikes down Trump tariffs
NEW YORK, Feb 20 : U.S. stocks advanced on Friday and Treasury yields rose as investors absorbed a ruling by the U.S. Supreme Court striking down President Trump's tariffs, while also parsing a weak GDP report and higher-than-expected inflation data.All three major U.S. stock indexes moved high ...
8 hours ago
US, European stocks rise, Treasury yields gain after Supreme Court strikes down Trump tariffs
NEW YORK, Feb 20 : U.S. and European stocks advanced on Friday and Treasury yields rose as investors absorbed a ruling by the U.S. Supreme Court striking down President Trump's tariffs, while also parsing a weak GDP report and higher-than-expected inflation data.All three major U.S. stock index ...
8 hours ago
Stocks and US Treasury yields rise after Supreme Court scraps Trump’s tariffs
Court says the administration had exceeded its authority when it imposed reciprocal tariffs on trading partners
9 hours ago
US Supreme Court rejects Trump's global tariffs
[WASHINGTON] The US Supreme Court struck down on Friday (Feb 20) President Donald Trump’s sweeping tariffs that he pursued under a law...
9 hours ago
UOI H2 net profit surges 51.5% to S$23.7 million
Benicia Tan - Full-year net profit climbs 8.4% to S$32.3 million
9 hours ago
OpenAI developing AI devices including smart speaker, The Information reports
Feb 20 : OpenAI has more than 200 people working on a family of AI-powered devices that will include a smart speaker and possibly smart glasses and a smart lamp, the Information reported on Friday, citing a person with knowledge of the plans.The smart speaker, the first device OpenAI will launch, is ...
9 hours ago
US stocks: Wall Street opens lower after economic data
Ilyas Salim - WALL Street indexes opened lower on Friday (Feb 20) after data showed US economic growth slowed more than expected in the fourth...
10 hours ago
US judge upholds $243 million verdict against Tesla over fatal Autopilot crash
Feb 20 : A federal judge rejected Tesla's request to pay $243 million to victims of a 2019 fatal crash of an Autopilot-equipped Model S.In a decision made public on Friday, U.S. District Judge Beth Bloom in Miami said the evidence at trial "more than supported" the verdict, and Tesla ...
10 hours ago
ComfortDelGro’s subsidiary Vicom reports 45.1% y-o-y growth in earnings for FY2025 of $42.5 mil
Teo Zheng Long - ComfortDelGro’s subsdiary Vicom (SGX: WJP ) has reported net profit attributable to shareholders of $42.5 million in FY2025, ended Dec 31, 2025, after taking into various factors such as interest income, finance costs and taxation. Revenue came in 40.1% y-o-y higher at $167.4 million for FY2025. T ...
11 hours ago
London Stock Exchange to host first transaction under new private share platform
Feb 20 : The London Stock Exchange's new Private Securities Market is set to host its first deal in the coming weeks, its CEO said on Friday, in what will be the first transaction to take place under the UK financial regulator's new PISCES framework.The first transaction will involve the c ...
11 hours ago
London Stock Exchange launches first transaction under new private share platform
Feb 20 : London Stock Exchange on Friday launched its first transaction under the UK financial regulator's new PISCES framework that allows investors to trade shares in private companies.The transaction involved the creation of an exchange-enabled investment structure, or a TPEIC, that will hol ...
11 hours ago
Parkway Life Reit secures 8.8 billion yen social loan from DBS, issues S$70 million green bond
Benicia Tan - The 10-year social loan is the first such facility the bank extends to the healthcare sector
11 hours ago
Concord New Energy forecasts over 80% dip in profit for FY2025
Chloe Lim - This comes on the back of a decline in revenue and gross margin from its power generation business
12 hours ago
DBS provides first social loan of JPY8.8 billion to ParkwayLife REIT
The Edge Singapore - On Feb 20, DBS announced the issuance of its first social loan of JPY8.8 billion ($72 million) for 10 years to ParkwayLife REIT (PLife REIT). Proceeds from the social loan will be used to finance PLife REIT’s elder care facilities in Japan, where a rapidly ageing population is driving demand for q ...
13 hours ago
Ringgit could head to RM2.90 vs SGD as STI plods higher
Goola Warden - The charts suggest that shopping in Johor is likely to get more expensive based on the SGDMYR chart. To offset the higher cost, market players may opt to stick with appreciating SGD assets such as the STI ETF following the Straits Times Index’s move above 5,000. To take a step back, the Malaysian ...
13 hours ago
Global equity funds attract biggest inflow in five weeks as concerns around AI ease
Feb 20 : Global equity funds received their strongest inflows in five weeks in the seven days to February 18, as easing concerns over artificial intelligence stocks and investor rotation into other sectors supported demand, while renewed hopes for Federal Reserve rate cuts lifted sentiment toward U. ...
13 hours ago
Analysis:New cybersecurity rules for US defense industry create barrier for some small suppliers
Feb 20 : New U.S. cybersecurity rules for the defense sector are leading some small suppliers to rethink military work due to high compliance costs, raising production risks at a time when the Trump administration is pressuring contractors to boost output and diversify the supply base.The Defense De ...
13 hours ago
US imports more from Taiwan than China for first time in decades
Soaring shipments from the island reflect the huge expansion in supplies of chips and servers for AI companies
14 hours ago
Advanced Systems Automation terminates pre-conditional offer for Asti shares
Benicia Tan - This follows Sias’ queries for clarification amid governance and valuation concerns
14 hours ago
Vicom posts 77.6% surge in H2 net profit to S$26.9 million
Chloe Lim - The group proposes a tax-exempt, one-tier final dividend of S$0.053 a share for FY2025, up from S$0.03 in the financial year before
14 hours ago
Singapore stocks rise amid mixed regional showing; STI up 0.3%
Ranamita Chakraborty - Across the broader market, losers beat gainers 304 to 280 after 1.4 billion securities worth S$2 billion change hands
14 hours ago
Thai hotel empire weighs US$1 billion Reit, unit IPO to cut debt
Minor International will sell 14 hotels in Europe and Thailand into the Reit, which will be listed in Singapore in H2
14 hours ago
Lim and Tan Securities see KSH Holdings to benefit from construction upcycle
Douglas Toh - Analysts Linus Choo and Chan En Jie of Lim and Tan Securities are unchanged on KSH Holdings (KSH) with their “accumulate” call and target price of 51 cents. They note that the group’s 1HFY2026 ended September 30, 2025 numbers have delivered a recovery in both top-and-bottom-lines, driven by an ...
14 hours ago
Dollar set for biggest weekly rise since October with US-Iran tensions in focus
LONDON, Feb 20 : The dollar was on track for its largest weekly rise since October as it remained steady on Friday, buoyed by better-than-expected economic data and a more hawkish Federal Reserve outlook, while tensions rose between the United States and Iran.The dollar index, which measures the gre ...
14 hours ago
Dollar falls after Supreme Court rules against Trump's tariffs
NEW YORK, Feb 20 : The dollar dropped on Friday and was on track to snap a four-session streak of gains after the U.S. Supreme Court struck down President Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies.The justices, in a 6-3 ruling authored by ...
14 hours ago
Dollar set for biggest weekly gain since October as Middle East tensions rise
LONDON , Feb 20 : The dollar was on track for its largest weekly gain since October on Friday, buoyed by a run of better-than-expected economic data and a more hawkish Federal Reserve outlook, as tensions rose between the U.S. and Iran.The dollar index, which measures the greenback against a basket ...
14 hours ago
Dollar dips after Supreme Court rules against Trump's tariffs
NEW YORK, Feb 20 : The dollar declined in volatile trading on Friday and was poised to snap a four-session streak of gains after the U.S. Supreme Court struck down President Donald Trump's sweeping tariffs based on a national emergency law.The justices, in a 6-3 ruling authored by conservative ...