17 minutes ago
CGSI upgrades Singapore banking sector to ‘overweight’ on net interest income upside
Deon Loke - It raises earnings per share estimates for all three local banks
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
35 minutes ago
Oil climbs after fresh US strikes on Iran over helicopter attack
The latest round of hostilities risks prolonging the near-total closure of the critical Strait of Hormuz
45 minutes ago
SpaceX aims to launch orbital AI computing tests by end of next year, sources say
NEW YORK: SpaceX executives say the company is aiming to launch initial demonstrations of space-based artificial intelligence computing infrastructure by late 2027, ahead of the "as early as 2028" timeline for deployment disclosed in its IPO filing, according to two people who attended inv ...
1 hour ago
US launches new strikes on Iran after helicopter downed
Teheran has continued to block most shipping through the Strait of Hormuz
1 hour ago
S&P 500, Nasdaq fall as tech selling resumes, Trump vows to respond to downed US helicopter
Consumer price data for May could offer fresh clues on how the rise in energy prices, driven by the Iran war, is...
2 hours ago
Prediction market Kalshi bets on compliance to address insider trading concerns
June 9 : Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity.The move by Kalshi marks a shift toward building ...
2 hours ago
European shares close lower as investors weigh Middle East risks
European technology stocks have seen bouts of volatility recently
2 hours ago
Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand
June 9 : Super Micro Computer said on Tuesday it would raise $7 billion through a series of equity and equity-linked financing transactions to fund the purchase of components needed to meet the growing demand for its advanced AI servers.The company said it will use the proceeds to fulfill orders wor ...
2 hours ago
US tech shares resume sell-off while oil prices retreat
Global stocks mostly fell Tuesday (Jun 9) as US tech shares faced another round of selling followed recent outsized gains and markets weighed the latest uptick in US-Iran tensions.Oil prices retreated, with
2 hours ago
Musk’s xAI, SpaceX hit with class action over data center ‘nuisance’
WASHINGTON, June 9 : Elon Musk’s xAI and SpaceX have been sued by Mississippi residents who say a power plant fueling nearby data centers is blasting “omnipresent and inescapable” noise that has eroded their health and home values.The lawsuit, made public on Tuesday in federal court in Oxford, ...
6 hours ago
AI is boosting accuracy for clinicians, Philips North America CEO says
NEW YORK, June 9 : Artificial intelligence is helping improve accuracy in patient care and in some cases saving time and money, according to a survey sponsored by Philips, which provides diagnostic, imaging, and cloud technology to the healthcare industry, the CEO of its North American division said ...
6 hours ago
Anthropic rolls out public version of Mythos without cybersecurity capability
June 9 : Anthropic is rolling out a public version of its Mythos AI model, but with guardrails barring its use in risky areas such as cybersecurity, after a preview earlier this year sent shockwaves globally with its ability to find software flaws.The new Claude Fable 5 is the most powerful model An ...
7 hours ago
Paris court convicts Worldpay in €35 million Forex fraud scheme
PARIS, June 9 : The Paris Criminal Court convicted global payments company Worldpay in a trading scam case on Tuesday, fining it €200,000 ($230,920), French media reported.The case centered on fraudulent online foreign exchange investment schemes between 2011 and 2014, in which savers were lured w ...
7 hours ago
NASA taps US, Italian astronauts for Artemis mission with SpaceX, Blue Origin mooncraft
WASHINGTON, June 9 : NASA on Tuesday named three U.S. astronauts and an Italian astronaut to serve as the crew for its next Artemis mission, a spacecraft docking demonstration in Earth's orbit next year that will test landers from Elon Musk's SpaceX and Jeff Bezos' Blue Origin for the ...
7 hours ago
Samsung Electronics invests $175 million in Element Biosciences' Series E funding round
June 9 : Privately held Element Biosciences said on Tuesday it had raised funds in an upsized Series E round, including $175 million from longtime investor Samsung Electronics, to expand commercialization of its genetic testing and research products.The San Diego-based company did not disclose the t ...
7 hours ago
Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up
June 9 : Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker.The initial commitment will expand the Claude Code creator's A ...
8 hours ago
Equities fall while oil slips amid uncertain Middle East outlook
NEW YORK/LONDON, June 9 : MSCI's global equities gauge managed a small gain on Tuesday with little support from Wall Street where heavyweight technology stocks stumbled while investors opted for safer bets, and oil prices settled lower as updates from the Middle East brought little clarity on p ...
8 hours ago
Equities lose steam while oil slips amid uncertain Middle East outlook
NEW YORK/LONDON, June 9 : MSCI's global equities gauge lost ground on Tuesday as heavyweight U.S. technology stocks stumbled and investors opted for safer bets, while oil prices fell as updates from the Middle East brought little clarity on progress towards peace.On Monday, Iran and Israel had ...
8 hours ago
Equities lose some steam while dollar falls and oil slips
NEW YORK/LONDON, June 9 : MSCI's global equities gauge pared earlier gains on Tuesday as it saw little support from Wall Street where investors waited anxiously for inflation data while the dollar dipped with oil prices on hopes for easing Middle East tensions after Iran and Israel halted attac ...
8 hours ago
Meta ordered by EU to allow rival AI chatbots back on WhatsApp for free
BRUSSELS, June 9 : Meta Platforms has been ordered by EU antitrust regulators to give rival AI chatbots such as OpenAI free access to WhatsApp while they continue to investigate whether the company abused its market power by blocking competitors from the messaging app. The European Commission's ...
8 hours ago
EU regulators order Meta to allow rival AI chatbots free access to WhatsApp
BRUSSELS, June 9 : EU antitrust regulators on Tuesday ordered Meta Platforms to give rival AI chatbots free access to WhatsApp while they continue to investigate whether the company abused its market power by blocking competitors from the messaging app. The European Commission's decision to iss ...
8 hours ago
Russian ministry requests lifting of Roblox ban
MOSCOW, June 9 : Russia's digital ministry said on Tuesday it had asked law enforcement to support lifting a ban on the U.S. gaming platform Roblox RBLX.N, based on assurances that the company would provide extra protection for young users and comply with Russian law.The communications watchdog ...
8 hours ago
Analysis:SpaceX's lofty valuation set to put 'Elon premium' to test
June 9 : SpaceX's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors.The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting I ...
9 hours ago
US stocks: Wall Street rises as tech shares gain, Middle East tensions ease
WALL Street’s major indexes advanced on Tuesday (Jun 9), as technology stocks rose for a second day after last week’s rout, and...
10 hours ago
China’s Tencent draws more than US$16 billion in orders for dual-currency bond
[SYDNEY] China’s Tencent Holdings has drawn more than US$16 billion in orders, around four times the amount it is seeking to raise,...
10 hours ago
Singapore benefits from Middle East flight reroutings but only temporarily: IATA
[RIO DE JANEIRO] Changi Airport is a net beneficiary of the closure of Middle East airspace, given that Singapore Airlines (SIA) responded...
11 hours ago
Global offshore wind capacity set to grow to 420 GW by end of 2035, Gwec report says
Annual installations are expected to double this year and triple by 2031, it adds
11 hours ago
Singapore to negotiate FTA with regional bloc of 8 East African countries
President Tharman’s state visit is the first such visit by a Singapore president to Tanzania
11 hours ago
Malaysia’s government-linked funds to invest in firms under MY Value Up programme
Tan Ai Leng - State pension funds and investment managers will back firms prioritising governance and value
11 hours ago
Apple's AI Siri will be held back by aging devices, Morgan Stanley says
June 9 : Apple's newly introduced AI Siri will have limited use across much of the company's install base because older iPhones lack the capabilities to run advanced AI features, Morgan Stanley said in a research note on Tuesday.More than 850 million iPhones are incapable of running basic ...
11 hours ago
Chinese hackers pose biggest espionage threat to tech firms, CrowdStrike says
North Korea’s hacking campaigns also “posed a major threat”
11 hours ago
Indonesia's trade ministry faces barrage of questions from businesses over new export control plan
JAKARTA, June 9 : Indonesian trade ministry officials faced a barrage of questions on Tuesday from exporters of palm oil, coal and ferroalloys worried about the impact of a controversial new export control plan designed to extract more profit from the country's natural resources. In an online f ...
12 hours ago
Geely says its driver assistance system authorized for use in EU
June 9 : A driver assistance system developed by Geely has been certified to operate in the European Union, the first time a Chinese auxiliary driving system meets those standards, the automaker said in a statement.Geely is one of many Chinese automakers moving to set up production in Europe to avoi ...
12 hours ago
OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs
CNA takes a look at the five biggest IPOs in history and how the companies are faring.