10 hours ago
Singaporeans should upgrade themselves in the midst of an uncertain world: SM Lee
[SINGAPORE] Although Singapore did well in 2025, the world is still in flux, and Singaporeans should continue to upgrade themselves to stay...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
12 hours ago
Musk seeks up to $134 billion from OpenAI, Microsoft in 'wrongful gains'
Jan 17 : Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing he deserves the "wrongful gains" that they received from his early support of the artificial-intelligence startup, according to a court filing on Friday.OpenAI gained between $65.5 billion and $109.4 billio ...
12 hours ago
Musk seeks up to $134 billion from OpenAI and Microsoft
Jan 17 : Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, saying he deserves the "wrongful gains" that they received from his early support, according to a court filing on Friday.OpenAI gained between $65.5 billion and $109.4 billion from the billionaire entrepreneur' ...
13 hours ago
Musk seeks up to US$134 billion damages from OpenAI, Microsoft
ELON Musk wants OpenAI and Microsoft to pay him damages in the range of US$79 billion to US$134 billion over his claims...
14 hours ago
EU to bar Chinese suppliers from critical infrastructure, FT reports
Jan 17 : The European Union is moving to phase out Chinese‑made equipment from the zone's critical infrastructure, barring companies such as Huawei and ZTE from telecom networks, solar systems and security scanners, the Financial Times reported on Saturday.Reuters could not immediately verify ...
14 hours ago
China’s electricity use hits record in 2025, surpasses 10 trillion kWh
[SHANGHAI] China’s electricity consumption climbed 5 per cent to a record high last year, surpassing 10 trillion kilowatt-hours for the first time,...
16 hours ago
First MOM-owned migrant worker dormitory opens in Jurong; new grant for operators to upgrade facilities
NESST Tukang is one of the first migrant worker dormitories to be developed based on higher standards set during the COVID-19 pandemic.
16 hours ago
Nvidia H200 chip parts suppliers halt output after China blocks shipments, FT reports
Sources said Chinese authorities had not provided any reasons why
16 hours ago
FAA warns airlines on Central, South American flights of potential military actions
THE US Federal Aviation Administration warned airlines on Friday to exercise caution when flying over Mexico, Central America and parts of South...
18 hours ago
White House weighs executive action to cap credit card rates
THE White House is weighing an executive action to enact President Donald Trump’s call for a cap on credit card interest rates, in addition...
19 hours ago
Google asks US judge to defer order forcing it to share data with rivals while it appeals
ALPHABET’S Google asked a judge on Friday to postpone making the company share data with rivals while it challenges a ruling that...
19 hours ago
Apac businesses feel the squeeze as AI turns customer service into a profit lever: Zendesk
Nurdianah Md Nur - Economic strain is forcing companies across Asia Pacific (Apac) to run leaner customer service operations just as artificial intelligence (AI) raises the bar for what “good” looks like, according to Zendesk’s 2026 Customer Experience Trends Report for Asia-Pacific. The majority (84%) of custom ...
19 hours ago
Venezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in...
19 hours ago
Federal Reserve’s Jefferson says he considers Powell to be ‘of the highest integrity’
[BOCA RATON] US Federal Reserve Vice Chair Philip Jefferson, responding to the Department of Justice subpoena of Fed Chair Jerome Powell, said...
19 hours ago
Apac firms expect nearly 3x returns from AI as spending rises in 2026, says Lenovo
Nurdianah Md Nur - Companies across Asia Pacific (Apac) expect artificial intelligence (AI) to deliver strong financial returns in 2026, reinforcing a shift from experimentation toward broader deployment, according to a survey commissioned by Lenovo. About 88% of organisations in the region expect AI initiatives to ge ...
19 hours ago
Global sports face challenges from 'AI slop' misinformation
Jan 16 : A study by AI risk management platform Alethea into the surge in artificial intelligence-generated fake content, dubbed "AI slop," has warned sports teams, leagues and fans of the risks posed by increasingly sophisticated digital misinformation.Retired NFL player Jason Kelce never ...
20 hours ago
Are earnings of IPO companies inflated to gain excessive valuations on Bursa?
Tong Kooi Ong + Asia Analytica - Bursa Malaysia made headlines in 2025 for a surge in initial public offerings (an IPO boom), recording the highest number of new listings in two decades. Yet, if you subscribed to many of these IPOs, chances are you are now sitting on losses. Why this apparent disconnect? To briefly recap, there wer ...
20 hours ago
Oil prices settle up as US begins holiday weekend
[HOUSTON] Oil prices settled higher on Friday as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in...
20 hours ago
European shares subdued as luxury stocks, miners weigh
EUROPEAN shares were subdued on Friday, limited by weakness in luxury and mining stocks in a dour end to a week dominated by...
20 hours ago
US stocks: Wall Street ends little changed before long weekend
[NEW YORK] US stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, and all three major indexes posted...
21 hours ago
Ice baths: Chilling proposition makes for hot business
Ice baths are fast-evolving into a multi-million dollar global industry as a result of growing demand
22 hours ago
California AG sends cease and desist letter to xAI on deepfake images
Jan 16 : California's attorney general, Rob Bonta, on Friday sent a cease and desist letter to Elon Musk's xAI, demanding that it stop the generation and distribution of non-consensual sexual images."I fully expect xAI to immediately comply," Bonta said in a news statement on Fri ...
23 hours ago
Google asks US judge to defer order forcing it to share data while it appeals
Jan 16 : Alphabet's Google asked a judge on Friday to postpone making the company share data with rivals while it challenges a ruling that the company holds an illegal monopoly in online search, according to court papers.U.S. District Judge Amit Mehta in Washington ruled in 2024 that the compan ...
23 hours ago
California AG sends letter demanding xAI stop producing deekfake content
Jan 16 : California Attorney General Robert Bonta on Friday sent a cease and desist letter to xAI demanding the company stop the creation and distribution of AI-generated non-consensual sexualized imagery by its Grok AI chatbot.The letter demands "immediate action to stop the creation and distr ...
23 hours ago
California demands Elon Musk's xAI stop producing sexual deepfake content
Jan 16 : California Attorney General Robert Bonta on Friday sent a cease-and-desist letter to xAI demanding the company stop the creation and distribution of artificial intelligence-generated nonconsensual sexualized imagery by its Grok chatbot."The avalanche of reports detailing this material ...
23 hours ago
US FTC to scrutinize Big Tech's talent acquisition deals, Bloomberg News reports
Jan 16 : The U.S. Federal Trade Commission is scrutinizing big tech firms that hire employees of a startup instead of buying the companies outright, Bloomberg News reported on Friday, citing the agency's Chairman Andrew Ferguson.The growing practice, in which big tech firms pay for startups ...
1 day ago
OpenAI introducing ads to ChatGPT
The advertisements will begin in the United States for unsubscribed users in the coming weeks.
1 day ago
Exclusive-Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say
HOUSTON/NEW YORK/LONDON, Jan 16 : Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told Reuters.The moves come as owners of the massive lique ...
1 day ago
Musk and Ryanair CEO clash over cost of Starlink Wi-Fi on planes
Jan 16 : Elon Musk on Friday called Ryanair CEO Michael O'Leary an "utter idiot" who should be fired, escalating a public spat that began after the airline boss ruled out installing Musk's Starlink internet service on Ryanair aircraft.O'Leary on Wednesday dismissed the idea ...
1 day ago
OpenAI to begin testing ads in ChatGPT's free and Go tiers in US
Jan 16 : OpenAI said on Friday it plans to start testing ads in its chatbot ChatGPT's free and Go tiers, for users in the U.S. in the coming weeks.Microsoft-backed OpenAI plans to test ads at the bottom of the answers in ChatGPT when there is a relevant sponsored product or service based on the ...
1 day ago
Black Sea CPC crude offers drop amid drone strikes
LONDON/MOSCOW, Jan 16 () - Offer prices for Caspian CPC Blend crude oil dropped sharply this week, according to trade sources, as exports of the grade continue to be impacted by drone strikes in the Black Sea and weather-related delays. ExxonMobil, which is a shareholder in the Caspian Pipeline Con ...
1 day ago
ClickHouse valued at $15 billion as database analytics firm rides AI wave
Jan 16 : Database management company ClickHouse was valued at $15 billion in its latest funding round, CEO Aaron Katz said on Friday, as investor enthusiasm for companies related to the artificial intelligence boom spills over into the new year.The firm raised $400 million in a series D round led by ...
1 day ago
Database management firm ClickHouse valued at $15 billion amid AI boom
Jan 16 : Database management company ClickHouse was valued at $15 billion in its latest funding round , Chief Executive Aaron Katz said on Friday, as investors placed a fresh bet on companies riding the AI boom.The company raised $400 million in a series D round led by Dragoneer Investment Group wit ...
1 day ago
Maybank applies to place Dasin Retail Trust’s manager under judicial management
Benicia Tan - This comes after four subsidiaries received court summonses over Companies Act breaches