Business Headlines & Singapore Stock Market News

30 minutes ago

Marco Polo Marine inks pact with Siemens Gamesa for offshore wind vessels

Shikhar Gupta - The Singapore-listed company will supply two commissioning service operation vessels for an Apac wind project

41 minutes ago

Japan's wholesale prices spike in July on higher energy costs, weak yen

TOKYO, July 10 : Japan's wholesale prices in June surged 7.1 per cent from a year earlier, accelerating from the previous month in a sign of mounting inflationary pressure from the energy shock caused by the Middle East conflict.The rise in the producer price index was faster than the median ma ...

50 minutes ago

Australia's NEXTDC signs $1.6 billion senior debt facilities to fund expansion

July 10 : Australian data center operator NEXTDC said on Friday it had signed new senior debt facilities of A$2.3 billion ($1.60 billion) to support capital expenditure required for recent customer contract wins and ongoing data center developments.• The new facilities mark an A$500 million increa ...

1 hour ago

OpenAI's AGI deployment chief Fidji Simo to step down

(Corrects Fidji Simo's designation in headline and paragraph 1)July 9 : OpenAI's CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and transition to a part-time advisory position at the ChatGPT maker after an extended medical leave."Three mon ...

2 hours ago

‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong

Jude Chan - To pan its returns is to miss the basic point of sovereign wealth, which is to aim to survive market winters

2 hours ago

SK Hynix raises US$26.5 billion in US offering after pricing ADRs at US$149

The proceeds will finance new factories and equipment to meet surging AI chip demand

3 hours ago

Oil prices settle 2% lower as economic worries outweigh supply risks

Both Brent futures and US West Texas Intermediate crude closed lower

3 hours ago

Tech rebound lifts European shares after three-day slide

Technology stocks and basic resources were the top gainers

3 hours ago

US stocks: Nasdaq ends sharply higher; chip surge offsets Iran worries

AI-related stocks continue their volatility

3 hours ago

Exclusive-Software firm CCC exploring sale, sources say

NEW YORK, July 9 : CCC Intelligent Solutions, a provider of software and AI-powered workflow tools, is exploring a sale of the company, according to three people familiar with the matter.The Chicago-based company has hired Morgan Stanley to advise on a sale process and has reached out to prospective ...

3 hours ago

Exclusive-Software firm CCC explores sale, sources say

NEW YORK, July 9 : CCC Intelligent Solutions is exploring a sale of the company, according to three people familiar with the matter.The Chicago-based company, which provides software and AI-powered workflow tools, has hired Morgan Stanley to advise on a sale process and has reached out to prospectiv ...

3 hours ago

FuboTV names Disney's Bowen CEO, removes veteran Gandler

July 9 : Streaming firm FuboTV on Thursday named Disney executive Alisa Bowen as CEO effective July 10, while removing company veteran David Gandler as top boss.Bowen, 53, joins FuboTV from Walt Disney, where she served as president of the media giant's streaming platform Disney+ since Septembe ...

4 hours ago

The microscope moment for cyber resilience

AI models are being placed inside controlled security harnesses

4 hours ago

Coinbase's top attorney who has led crypto's Washington fight to step down

WASHINGTON, July 9 : Coinbase's Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant where he fought off a landmark suit brought by the U.S. securities regulator and played an instrumental role in the crypto industry's Washington campaign to secure indu ...

8 hours ago

OpenAI launches ChatGPT Work

July 9 : OpenAI on Thursday unveiled ChatGPT Work, an agent in its popular chatbot designed to execute tasks across different applications and files, marking the startup's latest push into workplace automation.

8 hours ago

OpenAI launches ChatGPT Work, adding to competition for professional AI tools

8 hours ago

OpenAI launches ChatGPT Work, deepening race for workplace AI tools

8 hours ago

OpenAI unveils long-awaited "super app" as rivalry with Anthropic intensifies

July 9 : OpenAI showcased a new AI agent on Thursday meant to help white-collar workers access the power of coding tools without the sticker shock. The agent, called ChatGPT Work, combines OpenAI's popular chatbot with its AI coding tool, Codex, to create documents, presentations and websites, ...

9 hours ago

India clears Dixon-Vivo JV for domestic smartphone manufacturing

July 9 : Dixon Technologies said on Thursday the Indian government had approved its joint venture with Chinese smartphone maker Vivo Mobile, clearing the way for the companies to set up a smartphone manufacturing company in India.• The joint venture will be owned 51 per cent by Dixon and 49 per ce

10 hours ago

New York Times-led group asks court to sanction OpenAI in US copyright dispute

July 9 : A group of newspapers including the New York Times and New York Daily News asked a federal court in Manhattan on Thursday to sanction OpenAI in their high-stakes copyright dispute for allegedly lying to the court about its ability to search its systems for proof that it misused millions of ...

11 hours ago

Meta debuts Muse Spark 1.1 with preview open to developers

July 9 : Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI model alongside an upgraded version, pitting it directly against the business models of Anthropic and OpenAI in charging for use of its AI.The social media giant touted Muse Spark 1.1 as its most capable ...

11 hours ago

Meta debuts Muse Spark 1.1 model with preview open to developers

July 9 : Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI alongside an upgraded version, pitting it directly against the business models of Anthropic and OpenAI in charging for use of its AI model.The social media giant touted Muse Spark 1.1 as its most capable ...

11 hours ago

AI selloff drives quant funds' worst performance since August

LONDON, July 9 : Some hedge fund managers have in recent weeks posted their worst trading results in almost a year, as many got caught in crowded trades amid highly volatile markets, according to Goldman Sachs.Goldman said in a note dated Wednesday that systematic managers — sometimes called quant ...

11 hours ago

S&P 500, Nasdaq open higher as chip stocks gain

[NEW YORK] The S&P 500 and the Nasdaq edged higher at the open on Thursday (Jul 9), as gains in chip stocks...

11 hours ago

Italy privacy watchdog fines Character.AI owner over age-check failures

ROME, July 9 : Italy's data protection authority fined Character Technologies, the U.S.-based owner of generative AI platform Character.AI, €158,000 ($180,500) for breaches of data protection rules, it said on Thursday in a statement. The service allows users, including minors, to chat with A ...

11 hours ago

UN digital tech agency launches initiative to improve trust in AI agents

GENEVA, July 9 : The United Nation’s agency for digital technologies on Thursday announced a new initiative to improve the trust of artificial intelligence agents, as increasingly autonomous AI systems raise concerns about accountability and human oversight.AI agents are a new generation of artifi ...

11 hours ago

Saudi Arabia's Humain, Canada's Cohere to work together on AI compute, sovereign AI models

DUBAI, July 9 : Saudi Arabia-backed artificial intelligence company Humain and Canada's Cohere will collaborate on areas including AI compute, the two firms said on Thursday, as the Gulf firms expands ties with international partners amid rising demand for AI compute capacity. Under the deal, H ...

12 hours ago

EU lawmakers back reinstating interim rules to allow Big Tech to tackle child pornography

BRUSSELS, July 9 : EU lawmakers backed a proposal on Thursday to reinstate temporary rules to allow Google, Meta Platforms and other online platforms to detect and remove online child sexual abuse materials.However, they also voted to exempt end-to-end encrypted communications such as WhatsApp, Tele ...

12 hours ago

Coinbase restores prediction markets trading after technical issue

July 9 : Coinbase has restored prediction markets trading on its platform after users were unable to place trades, the company said in a status message on Thursday.The firm told Reuters that service has now resumed, without elaborating on what caused the issue.An earlier status message on the websit ...

12 hours ago

US dollar drifts with oil; Gulf tensions, Fed minutes in focus

Currency volatility also picked up this week across the board

12 hours ago

Micron boosts US investment plan again, commits $250 billion through 2035

July 9 : Micron Technology said on Thursday it plans to invest more than $250 billion in the U.S. through 2035, driven by surging demand for memory chips in the AI era and President Donald Trump's push to bolster domestic chip production.The new investment plan represents a jump from the $200 b ...

12 hours ago

Swift starts blockchain ledger with initial set of 16 banks

LONDON, July 9 : Global financial messaging network Swift launched a blockchain-based shared ledger on Thursday with an initial set of 16 banks including Citi and HSBC, as part of a push to enable round-the-clock payments and compete with the emerging stablecoin industry. Belgium-based Swift, which ...

12 hours ago

Swift starts blockchain ledger with initial set of 17 banks

LONDON, July 9 : Global financial messaging network Swift launched a blockchain-based shared ledger on Thursday with an initial set of 17 banks including Citi and HSBC, as part of a push to enable round-the-clock payments and compete with the emerging stablecoin industry. Belgium-based Swift, which ...

13 hours ago

Canada's Horizon Aircraft taps BETA for flight control system

July 9 : Horizon Aircraft said on Thursday it had selected electric aircraft maker BETA Technologies to supply flight-control computers for its Cavorite X7 aircraft, as it looks to advance certification efforts.The Canadian hybrid-electric aircraft maker said it will integrate BETA's fly-by-wir ...

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers