29 minutes ago
European shares eke out slim gains on luxury rebound even as war risks persist
The Stoxx 600 has gained just 0.27% so far this week
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
50 minutes ago
Thousands of entry-level PMET jobs are available, but the job hunt remains challenging for some fresh grads
There were 32,800 entry-level vacancies for professionals, managers, executives and technicians in March, according to official manpower data.
55 minutes ago
US stocks: Wall Street ends higher on cool inflation data, strong earnings
Data suggests that US inflation took a step in the right direction last month
4 hours ago
Uber nears €12.5bn deal to acquire Delivery Hero, FT reports
July 15 : Uber is set to take over Delivery Hero in a deal valuing the German food delivery company at about €12.5 billion ($14.34 billion), the Financial Times reported on Wednesday.Delivery Hero confirmed it was in advanced negotiations with Uber regarding a potential takeover offer on Tuesday.H ...
5 hours ago
Musk's xAI sues Grok user over sexualized 'deepfakes'
July 15 : Elon Musk's artificial-intelligence startup xAI has sued a South Carolina man arrested earlier this year on charges of sexually exploiting minors, alleging he misused the company's AI system Grok to create child sexual abuse material.xAI alleged in the lawsuit, filed in federal c ...
5 hours ago
Amazon AWS executive and CEO advisor Dave Brown to leave after 19 years
SAN FRANCISCO, July 15 : Amazon veteran Dave Brown, a senior vice president in Amazon Web Services and member of the elite internal group advising CEO Andy Jassy, is leaving the company after 19 years.He is leaving for another job, according to a memo from AWS CEO Matt Garman, who did not provide sp ...
6 hours ago
Amazon Leo to bring satellite internet to South Africa in 2027
JOHANNESBURG, July 15 : Amazon's low-earth orbit satellite internet venture Amazon Leo has signed an agreement with South Africa's Herotel to launch a new broadband service aimed at connecting underserved rural communities, it said on Wednesday.Under the agreement, Herotel, South Africa� ...
6 hours ago
SpaceX shares slide below IPO price for the first time as blistering rally unravels
July 15 : SpaceX shares dropped below their initial public offering price for the first time on Wednesday, just over a month after the rockets-to-AI firm completed the biggest IPO ever and made Elon Musk the world's first trillionaire.The shares slid 1.5 per cent to $134, falling below the $135 ...
6 hours ago
EU accepts action plan by Elon Musk's X to become more transparent
BRUSSELS, July 15 : The European Union, which fined Elon Musk's social media network X €120 million ($137.2 million) last year, said on Wednesday it had accepted an action plan by X to comply with transparency rules under the EU's Digital Services Act."The European Commission has ac ...
7 hours ago
Stocks rise after soft US inflation reading with Middle East in focus
NEW YORK/ MILAN, July 15 : MSCI's global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong earnings reports while oil futures turned lower even as U.S.-Iran hostilities showed no signs of abating. U.S. producer prices were softer tha ...
7 hours ago
Apple chasing AI chip company deals, The Information reports
July 15 : Apple is looking to buy chip companies to bolster its efforts to make server processors for running AI, The Information reported on Wednesday, citing people familiar with the matter.Here are some details:• The iPhone maker has approached chip startups to gauge their interest in a buyout ...
8 hours ago
Apple gets approval for iPhone AI in China with Alibaba, Baidu
The approval gives it a boost in the world’s most competitive smartphone market
8 hours ago
Addvalue commences share buybacks
The Edge Singapore - Addvalue Technologies, the key local listed company riding on the growing space economy, has commenced buying back shares, amid growing order book and improving financials. The company, on July 15, paid $211,917.13, or 13.719 cents per share, for 1.541 million shares. Addvalue is trying to spin off ...
9 hours ago
Five cloud business groups urge EU interim measures against Broadcom
BRUSSELS, July 14 : The Cloud Infrastructure Services Providers in Europe (CISPE) has joined forces with four other trade groups to urge EU antitrust regulators to suspend some business practices of U.S. chipmaker Broadcom, according to a joint letter seen by Reuters.CISPE , which has nearly 50 memb ...
9 hours ago
Wall St opens higher as investors weigh earnings
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Jul 15), as investors weighed softer-than-expected producer inflation data and a flurry...
9 hours ago
BT senior correspondent Ben Paul wins Singapore Press Club finance journalism award
Meera Pathmanathan - The veteran journalist is ‘one of Singapore’s best-known financial commentators’
10 hours ago
Greenback steadies as Middle East escalation counters soft US inflation
[LONDON] The greenback was steady on Wednesday (Jul 15) as investors balanced renewed US strikes on Iran against softer-than-expected inflation data that...
10 hours ago
Morgan Stanley profit rises on dealmaking boost
Performance was driven by strong mergers and acquisitions activity
10 hours ago
CapitaLand Ascendas Reit to divest Kim Chuan Telecommunications Complex for more than twice its acquisition price
Ranamita Chakraborty - The sale to an unrelated third party is for a consideration of about S$200.4 million
11 hours ago
Lum Chang Creations wins $32.9 mil contract for North-South Corridor works at Teck Ghee Station
Teo Zheng Long - Lum Chang Creations (SGX: LCC ) announced that its wholly owned subsidiary, Lum Chang Interior Pte Ltd, has secured a new $32.9 million contract for North-South Corridor works at Teck Ghee Station. According to Lum Chang Creations, the contract comprises the supply, fabrication, installation, constr ...
11 hours ago
Ahead of the July 17 warrant expiry deadline, iX Biopharma allots 11.7 mil new shares following latest warrant exercise
Teo Zheng Long - iX Biopharma 42C announced on July 15 that it has allotted and issued 11,734,627 new ordinary shares, following the exercise of warrants, at an exercise price of 6 cents per share. Out of the 11,734,627 new ordinary shares, 9,565,650 new shares are allotted to Eddy Lee Yip Hang, who is the executive ...
11 hours ago
SIA Group's June passenger traffic rises 4.1% on robust travel demand
Ranamita Chakraborty - Overall cargo loads increase 5.1% year on year despite a 2.3% decline in cargo capacity
12 hours ago
Chile’s Rubin Observatory begins decade-long mission to film the universe
CERRO PACHON, CHILE, July 15 : Perched atop a mountain in Chile’s Coquimbo region, where some of the world’s darkest skies stretch over the Andes, a giant observatory has begun filming the infinite to create the first movie of the universe.The Vera C. Rubin Observatory, a joint program of the U. ...
12 hours ago
ComfortDelGro appoints Yap Chee Khean to newly created group COO role
Chloe Lim - Establishing the position is part of the transport company’s global strategy
12 hours ago
Singapore shares rise as STI hits record close above 5,500
The blue-chip index is up 1.2%, with Hongkong Land leading the gainers
12 hours ago
CapitaLand Ascendas REIT divesting data centre at 38 Kim Chuan Road for $200.4 mil, double the purchase price in 2005
Jovi Ho - CapitaLand Ascendas REIT (CLAR) is divesting Kim Chuan Telecommunications Complex at 38 Kim Chuan Road in Singapore after more than 20 years at double the original purchase price. According to a July 15 bourse filing, the sale consideration of approximately $200.4 million from CLAR to an unrelated t ...
12 hours ago
Frasers Property-led consortium outbids two others with S$2.13 billion offer for Bayshore Drive mixed-use site
Kalpana Rashiwala - The top offer for the 99-year leasehold site works out to S$1,323 psf ppr
12 hours ago
Google urges EU top court to back ruling scrapping $1.7 billion antitrust fine
LUXEMBOURG, July 15 : Alphabet unit Google on Wednesday urged Europe's top court to dismiss EU antitrust regulators' appeal against a lower court ruling that scrapped a €1.49 billion ($1.7 billion) fine, saying the regulators' arguments were flawed.The dispute reached the Court of J ...
13 hours ago
AI-driven growth may run out of steam as energy grids struggle to keep up with innovation
Tessa Oh - Data centre pushback in the US signals early limits to the AI capex boom, says StanChart research head
13 hours ago
Changi Airport Group awards contract for new office development at Terminal 3
Chloe Lim - The standalone block will provide 9,600 sq m of workspace to meet growing demand for such facilities
13 hours ago
Netflix's next growth chapter hinges on keeping viewers hooked
July 15 : Netflix is under pressure to reassure investors about its growth strategy when it reports second-quarter results on Thursday, as its user engagement has faltered amid growing competition from traditional media players, YouTube and mobile viewing.The streaming giant has shed over a fifth of ...
13 hours ago
Japan to receive first Mexican crude cargo since start of Iran war
TOKYO, July 15 : A tanker carrying Mexican crude oil for Japan's Cosmo Oil, a unit of Cosmo Energy, is expected to arrive in the country as early as Friday, Japan's industry ministry said on Wednesday, providing an alternative to Middle Eastern supplies.This would mark the first arrival of ...
13 hours ago
Trump pledges to escalate attacks until Iran relents on Hormuz
The US president seems increasingly frustrated with Teheran and its persistent maritime strikes
14 hours ago
Japan refiners to diversify crude sources, explore support for Hormuz bypass routes
TOKYO, July 15 : Japanese oil refiners will diversify supply sources while exploring ways to support Middle Eastern producers, including pipeline expansion projects that bypass the Strait of Hormuz, the head of an industry group said on Wednesday.Here are details:• "It is of the utmost import ...