29 minutes ago
JetBlue CEO rules out bankruptcy this year despite surging fuel costs amid Iran war
It recently secured a US$500 million debt financing commitment backed by up to 22 aircraft
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
34 minutes ago
Asia’s clean power boom drives largest fall in 100 years in fossil fuel power generation
Sharanya Pillai - Renewables also overtake coal in the global power mix for the first time in over a century
35 minutes ago
DBS deploys AI-driven ‘Alpha’ squads to blend legal, compliance, risk roles
Renald Yeo - Against a backdrop of global bank layoffs, the lender is focusing on reskilling and multidisciplinary teams
35 minutes ago
Singapore banks rival Wall Street titans in long-term shareholder returns
Renald Yeo - DBS, OCBC and UOB have beaten global benchmarks and some of the biggest US lenders over the past 20 years
48 minutes ago
Snap names Doug Hott as new CFO
April 20 : Snapchat-parent Snap on Monday named Doug Hott as its new CFO, replacing Derek Andersen. • Hott, 53, has served as the company's vice president of finance, strategy, and corporate development.• Andersen, who has been in the role for seven years, is expected to leave on May 8.•
54 minutes ago
MSCI to keep curbs on Indonesian stocks as it reviews market transparency reforms
It will continue to freeze increases to foreign inclusion factors and the number of shares for Indonesian securities
56 minutes ago
Oxley boss behind billion-dollar lawsuit in Australia: Who is ‘shoebox king’ Ching Chiat Kwong?
The Singapore real estate boss is involved in a lawsuit linked to NewSat
1 hour ago
Tesla settles wrongful death lawsuit over crash that killed Florida teenager
[WASHINGTON] Billionaire entrepreneur Elon Musk’s Tesla has settled a wrongful death lawsuit in Florida stemming from a 2018 high-speed crash that killed...
1 hour ago
US crude futures fall as investors reassess US-Iran risks ahead of ceasefire deadline
April 21 : U.S. crude futures fell nearly 2 per cent in early Asian trade on Tuesday as investors reassessed supply risk, with uncertainty over U.S.–Iran peace talks persisting ahead of a key ceasefire deadline.U.S. West Texas Intermediate was at $88.05 a barrel, down $1.56, or 1.74 per cent by 22 ...
1 hour ago
Apple names John Ternus as next CEO; Tim Cook to become chairman
Art Levinson is becoming lead director
1 hour ago
Luxury brands are under pressure as the post-pandemic boom fades
From slowing Chinese demand to war-related disruption and rising resistance to high prices, the luxury industry is being forced to rethink how it grows.
2 hours ago
Oil prices rise 6% on fears of US-Iran ceasefire collapse
[NEW YORK] Oil prices jumped around 6 per cent in Monday trading on uncertainty over peace talks between the US and Iran after...
2 hours ago
Russia sees China buying gas at discount to Europe through 2029
Russia has been ramping up supplies to China for several years via the Power of Siberia gas link
2 hours ago
European shares slide on concerns of US-Iran ceasefire collapse
EUROPEAN shares declined on Monday, following a sharp rebound in the previous session, as investors awaited progress on possible US-Iran talks ahead of...
2 hours ago
US stocks: Wall Street closes slightly down on renewed tensions between US, Iran
[NEW YORK] US stocks closed slightly lower on Monday, with each of the three major indexes coming off a third straight week of gains,...
2 hours ago
Apple CEO Cook is lauded by investors as he prepares for new role
NEW YORK, April 20 : Apple shares declined 1 per cent in after-hours trading on Monday after the communications hardware firm said its chief executive, Tim Cook, would step down after nearly 15 years at the helm of the world's second most-valuable company. The decision by Cook, 65 years old, to ...
2 hours ago
Anthropic to spend over $100 billion over a decade on Amazon's cloud tech
April 20 : Amazon said on Monday that Anthropic will spend more than $100 billion over the next 10 years on its cloud technologies, deepening their relationship as the AI startup rushes to secure capacity to bolster its models.Amazon will also invest $5 billion in Anthropic now, and an additional $2 ...
2 hours ago
Amazon to invest up to $25 billion in Anthropic as part of $100 billion cloud deal
April 20 : Amazon said on Monday that it will invest up to $25 billion in Anthropic, as the AI startup commits to spending more than $100 billion over the next 10 years on Amazon's cloud technologies.The deal deepens the two firms' relationship as Anthropic rushes to secure capacity to bol ...
3 hours ago
Trading Day: Cooling off, but still optimistic
ORLANDO, Florida, April 20 : Oil rose on Monday and the main U.S. equity indices fell as U.S.-Iran tensions re-escalated and the Strait of Hormuz was closed, although the fairly mild market moves suggest investors are hopeful negotiations will resume and yield positive results.In my column today, I ...
3 hours ago
AI company deleted OKCupid user photos, data after FTC scrutiny
April 20 : Artificial intelligence company Clarifai said this month it had deleted 3 million OkCupid user photos and facial-recognition models trained on them after the U.S. Federal Trade Commission settled with the dating site over privacy violations.OkCupid settled with the FTC in late March for p ...
3 hours ago
Apple names insider John Ternus as CEO, Cook to become executive chairman
John Ternus is expected to lead the company through its shift toward artificial intelligence and is seen as someone who “will bring fresh energy.”
3 hours ago
Apple's Tim Cook to step down as CEO in September
Apple veteran John Ternus will succeed Cook as the company's CEO.
3 hours ago
Morningstar considers revamping index construction ahead of SpaceX IPO
PROVIDENCE, Rhode Island, April 20 : Investment research and analysis provider Morningstar Inc. is the latest index provider to consider revising its approach to designing its market indexes in light of SpaceX's outsize pending initial public offering.Elon Musk's space transportation and e ...
4 hours ago
US regulator orders Blue Origin to probe its second-stage rocket failure
WASHINGTON, April 20 : The U.S. Federal Aviation Administration said Monday it is ordering Blue Origin to probe the failure on Sunday of the second stage of its New Glenn 3 rocket.The FAA is requiring Blue Origin, owned by billionaire Amazon.com founder Jeff Bezos, to conduct a mishap investigation, ...
4 hours ago
FAA orders investigation into Blue Origin flight mishap
WASHINGTON, April 20 : The Federal Aviation Administration said Monday it is ordering an investigation into Blue Origin New Glenn 3 second-stage failure on Sunday.The FAA is requiring Blue Origin to conduct a mishap investigation and will approve Blue Origin’s final report and any corrective actio ...
6 hours ago
Japan's Nojima to buy Hitachi's consumer appliances unit for more than $630 million, Nikkei reports
April 21 : Japanese electronics retailer Nojima is planning to buy Hitachi's consumer appliances unit Hitachi Global Life Solutions for more than 100 billion yen ($630.32 million), the Nikkei newspaper reported on Tuesday. Under the agreement, Nojima will buy at least a majority of shares in th ...
7 hours ago
As coal chokes Jo'burg, South Africa scientists launch pollution app
8 hours ago
Hyundai faces challenge replacing lost Middle East sales, CEO says
MILAN, April 20 : Hyundai will not manage to fully make up for lost sales in the Middle East due to the crisis in the region, as manufacturing constraints will not allow the automaker to quickly reallocate sales to other areas, its CEO said on Monday.Unveiling Hyundai's new Ioniq 3 EV model at ...
9 hours ago
Mercedes steps up China comeback with sporty electric C-Class
The company is betting the model will help stem market-share losses in the country
9 hours ago
Adobe launches AI suite for corporate clients as competition heats up
April 20 : Adobe launched a suite of artificial intelligence tools on Monday to help corporate clients automate and personalize digital marketing functions, in a bid to fend off competition from autonomous tools offered by startups such as Anthropic.A selloff in software stocks, sparked by the rise ...
10 hours ago
Aspial Lifestyle prices S$28 million in fixed-rate notes due 2029 at 5.1%
Chong Xin Wei - Net proceeds will be used to refinance existing borrowings and fund investments, among others
10 hours ago
TOTM Technologies' substantial shareholder Khoo Thomas Clive raises stake in the company
Teo Zheng Long - TOTM Technologies Limited’s (SGX: 42F ) (TOTM Tech) substantial shareholder, Khoo Thomas Clive, has increased his stake in the company via market transaction. In the April 20 filing, Khoo acquired 10 million shares at 2.761 cents each. This translates to a total consideration of $276,100. This lat ...
10 hours ago
Seatrium unit prices S$400 million in fixed-rate notes due 2031 at 2.95%
Chong Xin Wei - Net proceeds will be used to refinance existing borrowings and fund potential acquisitions, among others
10 hours ago
Wall St opens muted as US-Iran tensions escalate
[NEW YORK] Wall Street’s main indexes opened muted on Monday (Apr 20) after a record rally last week, as escalating US-Iran tensions...