17 minutes ago
S$8m director pay, Iran war risks among issues raised by Sheng Siong investors ahead of AGM
Therese Soh - Asked about declaring special dividend, group says maintaining balance sheet strength is ‘prudent’
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 minutes ago
Singapore leads global per capita use of Anthropic’s Claude AI as businesses ramp up adoption: GIC
Jean Low - SINGAPORE ranks as the largest user of Anthropic’s artificial intelligence (AI) model Claude on a per capita basis, highlighting the Republic’s rapid...
36 minutes ago
Nasdaq quarterly profit rises on trading boom amid volatility
The company’s market services revenue from trading grew 13% to US$317 million
38 minutes ago
Tencent unveils AI model in high-stakes test for OpenAI hire
The Hy3 represents a big advance in areas from complex reasoning to coding
52 minutes ago
Amex tops estimates as premium card spending stays strong
Billed business increased 10% to US$428 billion
53 minutes ago
Netflix buying back US$25 billion in stock after share decline
The announcement comes days after the company reported disappointing financial results
55 minutes ago
Norway’s 20 trillion kroner wealth fund loses 1.9% due to tech stocks slide
The bulk of it is in equities, which has lost 2.6%
1 hour ago
France swaps Microsoft for Iliad's Scaleway to repatriate health data hub
April 23 : France has chosen domestic cloud provider Scaleway, a subsidiary of Iliad, to host the country's Health Data Hub, replacing Microsoft Azure in a long-contested arrangement, Scaleway said on Thursday.The decision fits into a broader shift as Europe seeks cloud sovereignty independent ...
1 hour ago
Lululemon names former Nike executive O’Neill its next CEO
The new CEO must now drive growth as the company loses its grip on the athleisure market
1 hour ago
Tesla's $25 billion spending plan tests investor faith in unproven AI bets
April 23 : Tesla CEO Elon Musk is asking investors to take a leap of faith on his costly bets in self-driving technology and humanoid robots that have yet to generate meaningful revenue.It raises a key question for investors: whether Tesla's rising spending can be justified without the kind of ...
1 hour ago
American Airlines cuts 2026 forecast as high fuel costs hurt margins
Jet fuel prices have nearly doubled since the conflict erupted
2 hours ago
Indian food delivery giant Zomato drops pricing clause after pushback, source says
NEW DELHI, April 23 : India's biggest food delivery app Zomato has agreed to drop a contract term that penalized restaurants for offering cheaper meals to walk-in diners, a company source said, after opposition from eateries who said the policy undermined their pricing decisions.Eternal's ...
2 hours ago
CapitaLand Investment to manage Income Insurance’s S$2.4 billion real estate investment portfolio
Navene Elangovan - Including the new mandate, CLI has completed ‘over S$12.1 billion’ in Singapore deals in the past 16 months
2 hours ago
Huawei to invest $2.63 billion on R&D in smart driving technologies
BEIJING, April 23 : Huawei Technologies will invest 18 billion yuan ($2.63 billion) on research and development into smart driving technologies globally including 10 billion yuan on computing power for training, a senior executive said on Thursday. In the next five years, Huawei will invest 70-80 bi ...
2 hours ago
India's Infosys pegs fiscal year 2027 revenue growth at 1.5%-3.5%
BENGALURU, April 23 : Infosys, India's second-largest IT services firm, on Thursday forecast 1.5 per cent-3.5 per cent revenue growth for fiscal 2027, slightly below expectations, with the management saying the demand environment remained steady.U.S.-listed shares fell 4.7 per cent in premarket ...
2 hours ago
Mobileye raises annual revenue forecast as auto industry demand recovers
April 23 : Mobileye Global raised its annual revenue forecast on Thursday, buoyed by robust demand for its advanced driver-assistance systems as automakers placed more orders after working through an inventory glut last year. Shares of the self-driving tech company jumped 19 per cent in premarket tr ...
2 hours ago
Mobileye raises annual revenue forecast on strong demand
April 23 : Mobileye Global raised its annual revenue forecast on Thursday, buoyed by steady demand for its advanced driver-assistance systems, sending the company's shares up more than 13 per cent in premarket trading.The company has benefited from car manufacturers restocking their supplies af ...
2 hours ago
ST Engineering shrugs off Middle East shocks, stays upbeat on satcom outlook
Young Zhan Heng - The impact of the conflict is ‘assessed to be not material at the group level’, says CEO Vincent Chong
2 hours ago
Exclusive-Nippon Life's India asset manager to settle Yes Bank investment case, document shows
MUMBAI, April 23 : Japanese insurer Nippon Life's Indian asset management unit will pay a fine to settle allegations by Indian regulators that the fund fraudulently invested in bonds from lender Yes Bank, according to a document reviewed by Reuters.Nippon Life India Asset Management will pay 96 ...
2 hours ago
DBS, OCBC, UOB shed nearly 3,000 jobs in 2025 amid restructuring, productivity push
Renald Yeo - Combined, the three lenders employed 104,266 people at end-2025, down 2.6% from the year before
2 hours ago
Comcast beats estimates on sports boost, easing broadband losses
April 23 : Comcast topped Wall Street expectations for the first quarter on Thursday, as a blockbuster sports lineup boosted subscriber growth and engagement, while its core broadband business lost fewer customers than anticipated.A packed live sports calendar, capped by the Winter Olympics, Super B ...
2 hours ago
Lawsuit against PropNex unit over alleged breach of duty of care and negligent misrepresentation dropped
Derryn Wong - The claimants had sought nearly S$600,000 in damages
3 hours ago
US software stocks slide as IBM, ServiceNow results reignite AI disruption fears
April 23 : U.S. software stocks fell in premarket trading on Thursday, following quarterly results from IBM and ServiceNow that reignited fears about AI-driven disruption across the sector. International Business Machines said its revenue growth slowed in the first quarter, pressured by weakness in ...
3 hours ago
Digital Core Reit’s Q1 distributable income flat at US$11.7 million
Derryn Wong - Net property income is down 4.9% at US$21.3 million
3 hours ago
Fitch flags risks from Indonesia’s reliance on state banks to fund government programmes
Elisa Valenta - This could have an impact on such lenders’ asset quality and the country’s policy framework over the long term, says analyst
3 hours ago
Oil shock still painful for construction, but not as disruptive as Covid-19
Kwan Wei Kevin Tan - The war in Iran might have started as a geopolitical crisis but is being rapidly recognised for what it truly is: an energy crisis. While the state of peace negotiations swings between calm and violence, oil prices are oscillating just as wildly. On April 2, the price of dated Brent went above US$14 ...
3 hours ago
Construction renaissance in the Lion City
Felicia Tan - Missiles may rain in the Middle East, but that has not stopped Singapore’s construction boom from grinding forward, with even wrecking crews getting in some of the action. Tucked away in a corner of Owen Road is an unassuming bak kut teh shop known for its mild yet savoury, peppery broth topped wi ...
3 hours ago
Hanoi reviews petrol motorbike ban opposed by Honda ahead of Japan PM visit
HANOI, April 23 : Hanoi is reconsidering a ban on petrol-fuelled motorbikes from its centre, which Honda had long criticised, as Japan's Prime Minister Sanae Takaichi is set to visit the city.The ban, announced last year, was aimed at improving air quality in the Vietnamese capital, which at ti ...
3 hours ago
Honeywell forecasts Q2 revenue below estimates as Middle East disruptions weigh
April 23 : Honeywell on Thursday forecast second-quarter revenue below Wall Street estimates as disruptions caused by the U.S.-Israel war on Iran weighed on the industrial giant's business.Shares of the Charlotte, North Carolina-based industrial conglomerate fell 7.6 per cent in premarket tradi ...
3 hours ago
Honeywell quarterly sales rise on higher pricing and demand
April 23 : Honeywell on Thursday posted higher first-quarter sales, helped by higher pricing, new product launches and strong demand in its Building and Industrial Automation segments.The industrial giant said higher pricing, along with the earlier-than-anticipated removal of stranded costs related ...
3 hours ago
Netflix boosts share buyback plan by $25 billion after failed Warner Bros bid
April 23 : Netflix said on Thursday its board has authorized an additional $25 billion share repurchase program, resuming capital returns after the streaming giant walked away from a $72 billion deal to buy Warner Bros Discovery's assets.Its shares rose 1.5 per cent in premarket trading.The new ...
3 hours ago
Netflix announces $25 billion share buyback
April 23 : Netflix on Thursday said its board authorized an additional $25 billion share repurchase program, on top of a buyback approved in December 2024, with no expiration date.Shares of the streaming giant rose 1.5 per cent in premarket trading.Netflix had previously said it planned to resume sh ...
3 hours ago
STI slides 1.2% as Brent price rises above US$100
Tay Peck Gek - Across the broader market, losers beat gainers 389 to 226, with 1.8 billion securities worth S$2.3 billion changing hands
3 hours ago
Exclusive-SpaceX IPO filing shows Elon Musk can retain board control
SAN FRANCISCO / BOSTON, April 23 : SpaceX is telling prospective investors its board will not need a majority of directors who are independent of the company, according to an excerpt of its IPO filing reviewed by Reuters, underscoring how founder Elon Musk is retaining control of the rocket and arti ...