60 minutes ago
Tech selloff weighs on European shares ahead of ECB meeting next week
The Stoxx 600 index was largely unchanged for the week
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
US stocks: Wall Street ends lower for the day and week as chip selloff broadens
All three major indices closed lower on Friday.
2 hours ago
Federal employees can download TikTok on government devices, DOJ says
WASHINGTON, July 17 : The U.S. Justice Department said on Friday that federal employees can now download the short-video app TikTok on government devices.A 2022 law banned federal employees from using the app on government devices, citing national security concerns, but a department opinion released ...
2 hours ago
GameStop owns nearly 10% of eBay, SEC filing shows
July 17 : Videogame retailer GameStop owns nearly 10 per cent of e-commerce company eBay, the company said in a regulatory filing late on Friday, nearly three months after making an unsolicited offer to buy eBay for roughly $56 billion.GameStop said it owns 43.4 million outstanding shares of eBay, o ...
2 hours ago
Abbott investigates two separate cyber incidents, says no operations affected
July 17 : Abbott Laboratories is investigating two cyber incidents involving unauthorized access to some internal systems at its cancer diagnostics business and its LabCentral portal, the company said on Friday, adding that its operations were not affected.No other businesses, sites or systems were ...
4 hours ago
Expanded World Cup fuels surge in betting activity, with stakes likely to double from the 2022 edition
Meera Pathmanathan - Some punters in Singapore say it is harder to place bets during the matches as many games are played in the middle...
4 hours ago
Chip stock pullback sparks worries about AI rally strength, leveraged trades
July 17 : A brutal week for chip stocks — the same names that fueled this year's blistering market rally — has left investors from Seoul to Silicon Valley asking whether the AI boom became over-leveraged and got ahead of itself.Investors from Asia to Europe pulled back from AI-exposed stock ...
4 hours ago
Clover Health says employee accounts accessed in cyber incident
July 17 : Clover Health Investments said in a regulatory filing on Friday that it detected unusual login activity on some of its information systems on July 4 and later found a hacker had gained access to three employee accounts through social engineering.• The health insurer said the affected acc ...
6 hours ago
Musk's SpaceX in talks to supply the Pentagon with computing power, WSJ reports
July 17 : Elon Musk's SpaceX is in talks to provide the U.S. Department of Defense with access to data center capacity worth billions of dollars to run AI models, the Wall Street Journal reported on Friday, citing people familiar with the matter.Such an agreement would extend the Pentagon' ...
7 hours ago
SpaceX targets next week for another Starship launch attempt as shares slide on abort
WASHINGTON, July 17 : SpaceX is targeting Monday for another attempt to launch its Starship rocket after a last-second abort during engine ignition on Thursday, a brief setback that nevertheless wiped roughly $100 billion from the newly public company's market value.The company's Starship ...
7 hours ago
US judge won't block Meta from laying off workers who filed AI discrimination lawsuit
July 17 : A U.S. judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were targeted for job cuts by the company's AI-powered tools because they have disabilities or took medical leave. U.S. District Judg ...
8 hours ago
Apple in early settlement talks with US DOJ over antitrust case, Bloomberg News reports
July 17 : Apple and the U.S. Department of Justice are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws, Bloomberg News reported on Friday, citing people with knowledge of the matter.Apple and the DOJ did not immediately respond to Reuters requ ...
8 hours ago
Trump Media pitched $100,000 monthly fee for fast feed of US president's posts, FT reports
July 17 : Donald Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access to the U.S. president's posts on his Truth Social platform, the Financial Times reported on Friday.Trump Media & Technology Group did not immediately ...
8 hours ago
Trump Media pitched $100,000 monthly fee for fastest feed of US president's posts, sources say
NEW YORK, July 17 : Donald Trump's social media company has discussed charging Wall Street traders and investment firms as much as $100,000 a month for faster access to the U.S. president's posts on his Truth Social platform, according to people familiar with the matter.Trump Media & T ...
8 hours ago
Meta, Anthropic in talks for potential $10 billion compute lease deal, NYT reports
July 17 : Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth as much as $10 billion over two years, the New York Times reported on Friday, citing three people with knowledge of the discussions.Shares of the social media giant slightly pared losses on the news ...
8 hours ago
Meta, Anthropic in talks for potential $10 billion compute lease deal, source says
July 17 : Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter. Shares of the social media giant pared losses slightly after the news and closed down more than 2 per cent amid a wid ...
9 hours ago
France blocks access to Polymarket website
PARIS, July 17 : France has blocked access to the Polymarket betting website, the country's gambling regulator said on Friday, citing concerns it could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated."On July 16, 2026, the presi ...
9 hours ago
French internet service providers told to block access to Polymarket
PARIS, July 17 : France's gambling regulator said on Friday it had instructed internet service providers to block access to the Polymarket betting website, citing concerns that it could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated ...
10 hours ago
Dollar holds steady on safe-haven demand, ends down on the week
NEW YORK, July 17 : The dollar was flat on Friday, but ended the week lower as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve. Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled last month ...
10 hours ago
Dollar steadies on safe-haven demand but set for weekly decline
LONDON/NEW YORK, July 17 : The dollar was flat on Friday, on track for a weekly decline as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve. Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled la ...
10 hours ago
BofA names senior executives to drive AI adoption in global markets-memo
NEW YORK, July 17 : Bank of America has announced senior appointments to drive AI adoption and implementation across its global markets group, according to an internal memo seen by Reuters on Friday.The bank named Kevin Milsom as head of platforms AI transformation, according to the memo by Ashok Kr ...
11 hours ago
Musk's X, major labels end dispute over music on social-media platform
July 17 : A group of major music publishers including Universal Music Group and Sony Music have agreed to end a legal dispute with Elon Musk's X Corp over the use of their music on the X social-media platform, according to federal court filings.X Corp and the music labels asked a Tennessee fede ...
11 hours ago
STI takes a breather as banks consolidate; AirTrunk’s data centre REIT could list in Sept with 5.5% yield
Goola Warden - AirTrunk’s data centre REIT IPO is likely to list at a 5.5% yield, with an aggregate leverage of around 36% and with the sponsor holding 48%. The market capitalisation at IPO could be in the vicinity of $3.6 billion, with the REIT raising around $1.9 billion. The largest asset could be an 80% stak ...
12 hours ago
Apple closes in on Nvidia in race for world's most valuable company
July 17 : Apple is within striking distance of overtaking Nvidia as the world's most valuable company, a milestone that would reshuffle the ranks of tech heavyweights as investors reassess the outlook for AI.Apple was last valued at $4.90 trillion as its shares rose marginally in premarket trad ...
12 hours ago
Apple unseats Nvidia to become world's most valuable company as AI bets shift
Some analysts say Apple is sitting on an AI gold mine in the form of the personal data that lives on every iPhone, but such data is locked away in the name of privacy.
12 hours ago
US import prices unexpectedly rise in June
WASHINGTON, July 17 : U.S. import prices unexpectedly rose in June as declines in the costs of food and energy products were more than offset by higher prices for capital and consumer goods, leading to the largest annual increase in imported inflation in nearly four years.Import prices increased 0.3 ...
12 hours ago
Zoox recalls self-driving cars because they may not detect smoke
WASHINGTON, July 17 : Amazon.com self-driving car unit Zoox said Friday it will recall 105 autonomous vehicles because they may not detect heavy smoke and could impede emergency personnel.Last week, the top U.S. auto safety official said self-driving car companies must quickly address a "cle ...
12 hours ago
Dollar steady but set for weekly drop on fading US rate hike bets
The dollar index was less than 0.1% higher at 100.79
13 hours ago
Indian regulator warns of 'boss scam', a cyber fraud targeting top executives
MUMBAI, July 17 : Indian markets regulator on Friday issued a warning against a cyber fraud involving impersonation of CEOs and other senior executives of companies to trick employees into transferring funds. The Securities and Exchange Board of India (SEBI), while referring to this as 'boss sc ...
13 hours ago
Exclusive-Saudi PIF set to win EU nod for Electronic Arts deal under subsidy rules, sources say
BRUSSELS, July 17 : A group of investors including Saudi Arabia's Public Investment Fund is set to secure European Union approval for its $55 billion acquisition of video game developer Electronic Arts under EU subsidy rules, people familiar with the matter said. Saudi Arabia's $1 trillion ...
13 hours ago
‘Tangible progress’: SIA defends Air India investment in response to Sias
Ranamita Chakraborty - The airline group’s replies come ahead of its AGM on Jul 24
14 hours ago
Airbus wins major order from Air China to firm regional hold
The deal adds to a series of successful sales campaigns for the European planemaker
14 hours ago
Telstra CEO points to undocumented software change for outage in Senate testimony
July 17 : Telstra CEO Vicki Brady told a Senate inquiry on Friday that last week's outage at Australia's largest telecoms firm was likely caused by an undocumented design change and a missed software update on a network time-keeping device.Last Wednesday's outage, the latest in a seri ...
14 hours ago
Rising fees are changing the role of South-east Asia’s e-commerce enablers
The economics of e-commerce have changed in recent years amid rising marketplace commissions