34 minutes ago
Higher-for-longer US rates could boost Singapore banks’ earnings beyond 2026: analysts
Renald Yeo - A hawkish Fed could be good news for DBS, OCBC and UOB, even as benefits may not be equal across the sector
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
51 minutes ago
Anthropic accuses Alibaba of ‘illicitly’ accessing AI models
The AI startup’s calls for additional government support in countering what it sees as unfair practices by Chinese rivals
1 hour ago
Employers want AI-fluent employees. Hiring them is the challenge
Benjamin Cher - Sounding like an expert user is easier than ever; hirers must seek more rigorous ways of testing proficiency
1 hour ago
Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
June 24 : Shares of chipmakers surged late on Wednesday, adding over $400 billion in market value after strong forecasts from Micron Technology and Qualcomm breathed fresh life into Wall Street's recently waning AI stock rally.Micron surged 12 per cent in extended trade after forecasting quarte ...
1 hour ago
Asian consumers face higher food prices as war disruptions trigger plastics shortages
A gauge of global food prices is already near a three-year high
3 hours ago
Oil erases wartime gains as more tankers transit Hormuz
Washington and Teheran have both flagged early progress in talks to end the war
3 hours ago
Nasdaq, S&P end lower as tech stocks fall
The stock has surged more than 200% in 2026 but closed on Wednesday down 0.3%
3 hours ago
European shares tread water as Iran uncertainty weighs, Rheinmetall slumps
Brent crude has hit its lowest levels since the US-Israeli war on Iran started
4 hours ago
Trading Day: Tech jitters smother inflation relief
ORLANDO, Florida, June 24 : U.S. bond yields tumbled on Wednesday as oil's slide to a four-month low eased inflation fears, although the relief wasn't felt as much in equity markets and persistent worries over tech valuations pushed the S&P 500 and Nasdaq lower.In my column today, I lo ...
4 hours ago
Anthropic says Alibaba illicitly extracted Claude AI model capabilities
June 24 : Anthropic accused Alibaba, the Chinese technology and e-commerce giant, of illicitly extracting its Claude AI model capabilities, calling it the largest known distillation attack on the company to date, according to a letter seen by Reuters.
4 hours ago
Micron forecasts quarterly revenue above estimates
June 24 : Micron Technology forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that insatiable demand for AI-related infrastructure will continue to drive strong demand for its memory chips. Shares of the company rose around 4 per cent in extended trading. The company exp ...
4 hours ago
Micron forecasts strong quarterly results on soaring memory chip demand
Micron said demand for AI memory chips is higher than supply and is likely to stay that way for years.
5 hours ago
Scientists seek clues to longevity from three Brazilian sisters over 100
RIO DE JANEIRO, June 24 : What is the secret to a long life? Three Brazilian sisters with a combined age of 316, who were named by Guinness this month as the oldest living trio of siblings in the world, may help researchers find out. The DNA Longevo Project, a study led by scientist Mayana Zatz fr
6 hours ago
Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar
June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed "hyperscalers."The San Diego-based company, which is the industry leader in smartphone chips, held an investor presentation to showcase ...
6 hours ago
Qualcomm says Microsoft, Meta will use its new AI chips
June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed "hyperscalers."The San Diego-based company, which is the industry leader in smartphone chips, held an investor presentation to showcase ...
6 hours ago
Qualcomm bets on AI chips to break smartphone reliance, but faces crowded race
June 24 : Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips.Analysts expect the San Diego-based company to name new customers for its AI chips as it tries to g ...
7 hours ago
US NTSB to investigate fatal Texas Tesla crash
June 24 : The National Transportation Safety Board said Wednesday it will investigate last week's crash of a Tesla Model 3 that struck a home at high speed in Katy, Texas, fatally injuring a 76-year-old resident.The NTSB has investigated numerous Tesla crashes where its driver assistance system ...
7 hours ago
Tesla sued over fatal Texas crash linked to Autopilot
June 24 : Tesla has been sued by the family of a 76-year-old Texas grandmother killed last week when a driver using his Model 3's automated driving assistance system crashed into her suburban Houston home, the family's lawyers said.According to a complaint filed on Tuesday, Elon Musk' ...
8 hours ago
Argentina to return two rare maned wolves to the wild
BUENOS AIRES, June 24 : Conservationists will return two maned wolves, rescued after the death of their mother, to the wild next month in Argentina, where the long-legged wild canine is endangered.The conservation nonprofit Temaiken Foundation said it received the male-female siblings named Sun and ...
9 hours ago
OpenAI, Broadcom unveil chip to run models faster, cheaper
The finalised chips will be integrated into large data centres later this year.
10 hours ago
Microsoft's quantum computing technology called into question, again
SAN FRANCISCO, June 24 : A new critique in the scientific journal Nature is raising fresh questions about Microsoft's claimed quantum computing breakthrough last year, which underpinned the company's announcement this month that it will have a working quantum system by 2029.Quantum compute ...
10 hours ago
Analysis:Apple-Intel chip deal makes strategic sense but production is years away
June 24 : Apple turning to Intel for chips, as Washington announced last week, has the neat logic of necessity meeting ambition. But it is not that simple, as analysts say any advanced Intel chip will take two to three years to make and even longer to translate into gains due to the long and exactin ...
11 hours ago
US online spending hits US$8.3 billion as Amazon Prime Day kicks off, Adobe says
ONLINE shopping among shoppers on the first day of Amazon’s Prime Day rose 5.3 per cent from a year earlier to US$8.3...
11 hours ago
Wall St subdued as tech steadies, Micron earnings in focus
[NEW YORK] Wall Street’s main indexes were muted on Wednesday (Jun 24), after two straight sessions of declines, as technology shares steadied...
11 hours ago
US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
June 24 : Online spending among shoppers on the first day of Amazon's Prime Day rose 5.3 per cent from a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday. The four-day shopping event, which started on Tuesday and is being held earlier than usual this year, w ...
11 hours ago
Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz
Ships have already sailed through the strait under a newly launched evacuation scheme by the UN’s shipping agency
11 hours ago
Binance vows to stay in Europe despite licence setback
The company has one week to secure a licence before its current permission to operate in Europe expires
11 hours ago
The quest for global capital: Vietnam eyes MSCI upgrade as Indonesia fights downgrade risk
Elisa Valenta - Latest review shows Asean markets are judged on how easily global capital can get in and out
12 hours ago
RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India's central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved ...
12 hours ago
Meta, Microsoft lead US$850 billion boom in data centre leases
Mark Zuckerberg has said his company will spend hundreds of billions of dollars on AI infrastructure by the end of the decade
12 hours ago
Qualcomm to buy startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
12 hours ago
Qualcomm to buy AI startup Modular
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular for an undisclosed sum, as the chipmaker looks to diversify beyond its core smartphone business.The company was in advanced discussions to acquire Modular in a deal valuing it at about $4 billion, Bloomberg News reported on Monday. ...
12 hours ago
Qualcomm to buy AI startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
13 hours ago
Nissan to offer early retirement to some Japan admin staff, Nikkei says
(Corrects paragraph 2 to say not known, instead of now known)TOKYO, June 24 : Nissan Motor has decided to offer early retirement packages to some administrative staff in Japan, mainly at five locations including Oppama and Tochigi plants, as part of its global workforce reduction plan, Nikkei report ...