33 minutes ago
Dollar loses ground against peers after Fed cuts rates
Interest rates have been cut by a quarter of a percentage point by the US Federal Reserve.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
40 minutes ago
Blackstone's Gray says data centers still an attractive investment
NEW YORK, Dec 10 : Blackstone, the world's largest alternative asset manager, still sees good opportunities to invest in data centers despite a rush of investment into the hardware supporting the development of artificial intelligence, its president said on Wednesday.Technology companies need v ...
1 hour ago
Microsoft, Meta, Google and Apple warned over AI outputs by US attorneys general
WASHINGTON, Dec 10 : Microsoft, Meta, Google and Apple were among the 13 companies that received a warning from a bipartisan group of state attorneys general, according to a letter from the state leaders, who said their chatbots' "delusional outputs" could be violating state laws.The ...
1 hour ago
Reddit begins testing verified profiles to boost transparency
Dec 10 : Reddit said on Wednesday it had started testing verified profiles, a new feature aimed at increasing transparency on the social media platform.The company said that the introduction of a grey checkmark next to usernames is designed to help users identify individuals and businesses in scenar ...
2 hours ago
YouTube TV to roll out genre-based plans, deepens sports streaming bet
Dec 10 : YouTube said on Wednesday it will roll out new genre-based subscription plans for YouTube TV in the U.S. early next year, underscoring the platform's growing clout in the American pay-TV market and its push to lock in sports fans.The new "YouTube TV Plans" will offer more tha ...
3 hours ago
Bezos' Blue Origin working on orbital data center technology, WSJ reports
Dec 10 : Jeff Bezos' aerospace firm Blue Origin has been working for over a year on the necessary technology for artificial intelligence data centers in space, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.Meanwhile, Musk's SpaceX plans to use an u ...
4 hours ago
US tech firm UST partners with Volkswagen's Audi, takes majority stake in Italdesign
Dec 10 : Volkswagen's Audi Group said on Wednesday it had entered a strategic partnership with U.S.-based technology company UST, which will acquire a majority stake in Italy-based design and engineering unit Italdesign.The deal, subject to regulatory approval, will keep Audi as a long-term str ...
4 hours ago
Exclusive-Google faces fines over Google Play if it doesn't make more concessions, sources say
BRUSSELS, Dec 10 : Alphabet's Google is set to be hit with a potentially large EU fine early next year if it does not do more to ensure that its app store complies with EU rules aimed at ensuring fair access and competition, people with direct knowledge of the matter said.A fine could ratchet u ...
4 hours ago
Oldest evidence of human fire-making discovered at site in England
Dec 10 : Scientists have discovered the oldest-known evidence of fire-making by prehistoric humans in the English county of Suffolk - a hearth apparently made by Neanderthals about 415,000 years ago - revealing that this milestone for our evolutionary lineage occurred far earlier than previously kno ...
4 hours ago
Dropbox CFO Timothy Regan to step down
Dec 10 : File hosting service provider Dropbox said on Wednesday its chief financial officer Timothy Regan will step down after five years in the role and will be succeeded by Ross Tennenbaum, a senior executive at tax software company Avalara.The company's shares fell more than 5 per cent in m ...
5 hours ago
Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges
5 hours ago
Amazon to pay more than $580 million to settle tax probe in Italy
MILAN, Dec 10 : Amazon has agreed with Italy's tax collection agency to pay 510 million euros ($582 million) to settle a tax dispute, two sources close to the matter said on Wednesday, in one of a number of cases involving the company in Italy.However, in an unusual development, Milan's pr ...
5 hours ago
Amazon to pay around 500 million euros to settle tax probe in Italy - sources
MILAN, Dec 10 : Amazon has agreed with Italy's tax collection agency to pay 510 million euros ($582 million) to settle a tax dispute in the country, two sources close to the matter said on Wednesday.However, in an unusual development, Milan's prosecutors are in disagreement with the accord ...
5 hours ago
French court annuls cash bid by late sultan's heirs in Malaysia land dispute
KUALA LUMPUR, Dec 10 : A French court has annulled a legal bid by the heirs of a former sultan who sought nearly $15 billion from Malaysia, drawing a line under a lengthy dispute that stems from a colonial-era land deal. The Paris Court of Appeal annulled the heirs' bid in a verdict on Tuesday ...
5 hours ago
Ultragreen.ai’s stabilising manager buys 2.3 million shares in fifth stabilising action since IPO
Derryn Wong - Citigroup Global Markets Singapore has now bought around 17.7 million shares of the medical technology company’s shares
6 hours ago
Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
Derryn Wong - It will use the proceeds to fund R&D, market expansion and to improve its financial position
6 hours ago
Wall Street subdued at open ahead of Fed interest rate verdict
[NEW YORK] Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision...
7 hours ago
Seatrium earns repeat jack-up rig Kingdom 4 order from International Maritime Industries
Lin Daoyi - International Maritime Industries (IMI), the largest shipyard in the MENA (Middle East and North Africa) region, has awarded a repeat contract for a jack-up rig to Seatrium Offshore Technology, a subsidiary of Seatrium Ltd. Similar to the Kingdom 3 contract awarded earlier this year, Seatrium will s ...
7 hours ago
Toku, an AI-powered customer experience platform, lodges preliminary prospectus with MAS for IPO
Nicole Lim - Toku, an AI-powered customer experience platform, has lodged its preliminary prospectus with the Monetary Authority of Singapore for the proposed IPO of the company on the Catalist board of the Singapore Exchange. The company has a 360° CX platform that orchestrates conversations across voice, chat ...
8 hours ago
Indonesia to levy gold export duties from December 23
JAKARTA, Dec 10 : Indonesia will impose duties on exports of gold products from December 23, a regulation on the finance ministry's website showed on Wednesday, a step that could earn revenue of $180 million next year for the southeast Asian nation.Duties ranging from 7.5 per cent to 12.5 per c ...
8 hours ago
Adobe plugs Photoshop, Acrobat tools into ChatGPT
Dec 10 : Adobe said on Wednesday it was integrating its Photoshop, Adobe Express and Acrobat apps into ChatGPT, allowing users to edit images, design graphics and manage PDFs within the OpenAI-owned chatbot.The move reflects a broader push by software makers such as Adobe to tie everyday tools into ...
8 hours ago
Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
Derryn Wong - It will raise around S$1.2 million in net proceeds if the offer is fully subscribed
8 hours ago
Big global investors see gold in AI but don't buy the rush
ABU DHABI, Dec 10 : Big investors attending Abu Dhabi Finance Week voiced concern over the high valuations attached to AI-related companies but said that investment in the infrastructure crucial to the sector's long-term success cannot be dismissed.Technology leviathans such as Alphabet, Meta a ...
8 hours ago
Frank Benjamin founder of F J Benjamin dies
Nicole Lim - Frank Benjamin, the founder of lifestyle retailer and distributor F J Benjamin, died on Dec 10. According to the company’s website, Benjamin founded the company in 1959 and held the position as CEO until 2006. He was the executive chairman of the company since 1999 and redesignated as non-executiv ...
8 hours ago
Frank Benjamin, who helmed retailer FJ Benjamin for 6 decades, dies at 90
[SINGAPORE] Frank Benjamin, who helmed retailer FJ Benjamin for 63 years, died on Wednesday (Dec 10) at the age of 90.
8 hours ago
Fashion tastemaker Frank Benjamin of retailer FJ Benjamin dies
[SINGAPORE ] Frank Benjamin, who helmed retailer FJ Benjamin for 63 years, died on Wednesday (Dec 10).
8 hours ago
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations...
8 hours ago
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand
8 hours ago
Wingtech seeks to restore Nexperia control as chip feud lingers
Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud
8 hours ago
Ever Glory to offer 2 mil new shares at 64 cents to fulfil Mainboard transfer requirement to have 500 shareholders
Nicole Lim - Ever Glory United is undertaking a public offer of up to 2 million new shares at a 64 cents per offer share, in relation to its proposed transfer of listing to the Mainboard of the SGX. The offering price represents a 9.1% discount to the volume weighted average price of 70.4 cents for trades done o ...
8 hours ago
Former Cathay cinema operator mm2 given nod by High Court to apply for four-month reprieve from creditors
The entertainment company owes millions of dollars and has faced repayment demands.
9 hours ago
Mapletree Pan Asia Commercial Trust to divest Festival Walk Tower in Hong Kong for HK$1.96 bil
Nicole Lim - Mapletree Pan Asia Commercial Trust (MPACT) has entered into an asset sale agreement to divest Festival Walk Tower in Hong Kong for HK$1.96 billion ($328.1 million). Through its subsidiary Festival Walk Limited, MPACT will divest the office component of Festival Walk called Festival Walk Tower to an ...
9 hours ago
Vivendi in last ditch effort to avert EU fine for closing Lagardere deal too soon
BRUSSELS, Dec 10 : French media conglomerate Vivendi made a last-ditch effort on Wednesday to stave off a potential EU antitrust fine, following charges it closed its acquisition of publisher Lagardere before receiving regulatory approval.Vivendi, represented by more than a dozen lawyers, made its c ...
9 hours ago
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
Chloe Lim - The divestment proceeds will go towards reducing debt, says MPACT’s manager