40 minutes ago
Chinese banks move to rein in retail gold trading on volatility
They cite risk management for the closures, which covers trading in both spot and deferred delivery contracts
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
44 minutes ago
US to create genomic and cellular 'BioVault' for endangered species
WASHINGTON, June 25 : A biotech company and a U.S. government agency announced on Thursday a plan to create an archive of living cells and genomic material for every species protected under the U.S. Endangered Species Act in a project to safeguard roughly 2,300 types of animals and plants deemed thr ...
1 hour ago
Apple raises prices of MacBooks, iPads as memory costs skyrocket
SAN FRANCISCO, June 25 : Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's datacenter buildout.The move does not affect Apple's main cash cow, the iPhone. But it would take sta ...
1 hour ago
MAS to consult on introducing protected cell company structure to scale alternative risk-transfer solutions
The Edge Singapore - The Monetary Authority of Singapore (MAS) will consult on introducing a new corporate structure, the protected cell company (PCC), to scale alternative risk-transfer solutions, says Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry. Gan, who is also MAS's chairman, made th ...
1 hour ago
Serial Achieva wins co-location service agreement contract worth RM17.8 mil
Teo Zheng Long - Tech distributor Serial Achieva (SGX: XHV ) announced that its indirect wholly-owned subsidiary, Achieva Cloud Services Sdn Bhd (ACSSB), entered into a co-location services agreement with a regional cloud services provider to provide data centre capacity and related facilities in Malaysia. The contr ...
1 hour ago
Singapore to upgrade PayNow, launch new finance institute to drive innovation
Tan Nai Lun - Move includes AI training for 100,000 professionals, new measures to prepare sector for emerging technologies
1 hour ago
Singapore to introduce new corporate structure for insurance; speed up approval of new fund types: DPM Gan
Tan Nai Lun - Initiatives are part of Republic’s push to build ‘trusted market infrastructure for Asia’s next phase’
1 hour ago
Del Monte Pacific’s Q4 net profit sinks 76.9%
Ry-Anne Lim - The decline follows a US$703.5 million write-down from US unit collapse in FY2025
1 hour ago
NTUC and IBF to upskill 100,000 finance professionals on AI
The Edge Singapore - The National Trades Union Congress (NTUC) and the Institute of Banking and Finance (IBF) are targeting to upskill up to 100,000 finance professionals in Singapore with artificial intelligence (AI) skills over the next three years. This will be done through IBF-accredited programmes by NTUC LearningH ...
2 hours ago
DBS, OCBC, UOB, Nets to expand ATM, cash access network after years of rationalisation
Tan Nai Lun - Banks to also improve legacy planning, dementia support in new ageing playbook
2 hours ago
Singapore’s key retail banks to help seniors plan well, age well and ease burden on loved ones: ABS
The Edge Singapore - Singapore’s key retail banks are coming together to help seniors plan well, age well and ease the burden on their loved ones, announced The Association of Banks in Singapore (ABS) on June 25. The initiatives come as Singapore crosses the threshold of being “super-aged” this year, with one in f ...
2 hours ago
Complete text of carbonised Herculaneum scroll unlocked for first time
ROME, June 25 : Researchers using artificial intelligence and advanced imaging said on Thursday they had achieved the first complete reading of a closed Herculaneum scroll burnt by the eruption of Mount Vesuvius nearly 2,000 years ago.The breakthrough marks a major step toward deciphering hundreds o ...
2 hours ago
IREIT Global’s fourth-largest tenant to terminate lease early, pays termination fee of €2.87 mil
Teo Zheng Long - IREIT Global (SGX: UD1U ) announced that Allianz, its fourth-largest tenant by revenue, is terminating its lease in advance. According to the manager, Allianz’s existing lease was supposed to run till May 31, 2029, but now is being terminated by Dec 31, 2027. As such, the REIT has entered into an ...
2 hours ago
Kremlin demands explanation from Apple after Russian apps removed from App Store
MOSCOW, June 25 : The Kremlin demanded an explanation from Apple on Thursday after several Russian mobile apps related to the Russian internet company VK were deleted from the U.S. tech giant's App Store.VK, a state-controlled technology company, said in a statement that its applications were r ...
2 hours ago
Anthropic hires Orange's AI chief amid Europe push
June 25 : The artificial intelligence head of French telecoms group Orange has left the company to join U.S. AI startup Anthropic, he said on Thursday.• Steve Jarrett, Orange's Chief AI officer, said he has accepted a job at Anthropic, without disclosing his new title• Jarrett had been with ...
2 hours ago
Airwallex raises US$320 million Series H round, aims to be IPO-ready this year
Benjamin Cher - It previously raised a US$330 million Series G funding round in December 2025 at a US$8 billion valuation
2 hours ago
STI up 0.1% amid AI-stock rally, easing oil prices
Ry-Anne Lim - Sats leads the gainers on Singapore’s blue-chip index
2 hours ago
JustCo’s the boring office to open first CBD co-working space
Chloe Lim - The brand is aimed at entrepreneurs, startups and SMEs seeking an affordable central location
3 hours ago
EU joins US-led 'Pax Silica' on securing AI, chip supply chains
BRUSSELS, June 25 : The European Commission has joined the U.S. initiative "Pax Silica", a group of U.S.-allied countries cooperating to secure supply chains needed for artificial intelligence, European Commission spokesperson Paula Pinho said on Thursday.Pax Silica is an effort by the U.S ...
3 hours ago
Ghosn says calls for his Nissan return show investor anger over results
BEIRUT, June 25 : Former Nissan Chairman Carlos Ghosn said calls by some shareholders for his return reflected deep anger over years of failed turnaround plans, accusing the automaker's leadership of squandering value and losing direction since his 2018 ouster.In an interview with Reuters, Ghos ...
3 hours ago
BlackBerry lifts annual revenue forecast as QNX unit powers growth
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its U.S.-listed shares up around 8 per cent in premarket trading.Once a powerhouse in the smartphone industry, BlackBerr ...
3 hours ago
MoneyMax prices RM200 million 3-year fixed-rate notes at 5.7%
Ry-Anne Lim - Separately, the company announces that its shares have been included in the CPF Investment Scheme
3 hours ago
IBM unveils tech for chip smaller than 1 nanometer in AI computing push
Chipmakers are searching for ways to cram more computing power into smaller spaces
3 hours ago
Singapore investors are reshaping portfolios with a focus on capital preservation: survey
Ranamita Chakraborty - They are also emphasising active management and cross-asset investing across public and private markets
4 hours ago
Data centre developers expected to increase fuel cell investment tenfold to US$30 billion by 2030
Lin Daoyi - A report by Rystad Energy projects US data centre developers to spend up to US$30 ($39) billion by 2030 on fuel cells, driven by demand for AI computing power. This represents a tenfold increase from US$2.8 billion in 2025. Rystad believes that major operators are gaining confidence in fuels cells a ...
4 hours ago
Canadian workers have few protections against workplace surveillance as TD starts monitoring
TORONTO, June 25 : Canadian employees have few legal protections against workplace monitoring, experts said, after TD Bank told some staff it would use software to track their work activity, raising concerns about consent and privacy.There are limits, however, to the reasons employers monitor their ...
4 hours ago
EU targets Amazon, Microsoft cloud units for Big Tech “gatekeeper” rules
BRUSSELS, June 25 : EU antitrust regulators said Amazon and Microsoft's cloud computing services should be designated as “gatekeepers” under landmark tech rules, a step that would subject them to strict obligations aimed at curbing market power.The designation under the Digital Markets Act ...
4 hours ago
Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
BRUSSELS, June 25 : Amazon and Microsoft's cloud computing services should be designated gatekeepers under EU rules aimed at reining in the power of Big Tech, EU antitrust regulators said on Thursday.Amazon Web Services and Microsoft Azure, the two largest cloud providers globally, should be de ...
4 hours ago
JP Morgan reiterates overweight for CLI as it ramps up listed and unlisted FUM
The Edge Singapore - CapitaLand Investment (CLI) began trading on Sept 20, 2021. As its fifth anniversary approaches, where does it stand? For much of the time since 2021, China was beset with problems from a property bust and growth slowdown, and currently intense competition from overcapacity from electric vehicles to ...
4 hours ago
SingHealth taps on iPhones and iPads to cut time spent recording patient recovery
Nurdianah Md Nur - SingHealth is using iPhones and iPads to standardise wound documentation and assess patient mobility. The move aims to reduce paperwork and give clinicians a clearer record of recovery across hospitals and community care settings. Wound care and post-surgery recovery have often been recorded in writ ...
4 hours ago
URA releases two smaller housing sites in Sin Ming, Kallang for sale
Ry-Anne Lim - Market watchers expect firm demand for the Sin Ming site; Kallang parcel may remain on the reserve list
5 hours ago
As Europe roasts in a heatwave, Asia’s air-con makers grab some cool cash
Samsung, Midea, and Mitsubishi Electric have benefited from a recent sales boom
5 hours ago
Oil prices fall to prewar levels on rising Middle East supply
Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.
5 hours ago
WhatsApp's pick of Indian fintech founder signals scale of payment ambitions
MUMBAI, June 25 : Kunal Shah, an Indian fintech founder with no engineering degree or Silicon Valley pedigree, has spent two decades building businesses around digital payments and consumer behaviour in India.He now takes charge of Meta's WhatsApp as the company looks to leverage the reach of t ...