16 minutes ago
SGX mulls new coking coal and steel contracts, executive says
The development of these contracts are at an early stage
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 minutes ago
Mobileye to launch robotaxi business in US in 2027
June 16 : Mobileye Global said on Tuesday it would launch its own robotaxi service in the United States, putting the self-driving technology supplier in direct competition with some of the very customers it serves.The company is planning to prepare an initial fleet of about 100 vehicles targeted for ...
37 minutes ago
AI in Hungary could unlock productivity gains of €15 billion, McKinsey says
BUDAPEST, June 16 : Increased deployment of AI could unlock €15 billion ($17.42 billion) in productivity gains in Hungary by 2030, McKinsey said on Tuesday.AI could help Hungary close some of its productivity gap with European neighbours, the consultancy said, while warning that Hungary could fall ...
51 minutes ago
Singapore shares rise on Tuesday; STI up 0.8%
Singapore Exchange leads the gainers on the blue-chip index, rising 4%
1 hour ago
AI splitting job market in two: PwC study
In another study, about 49 per cent of CEOs said they expected AI adoption to reduce junior hiring over the next three...
1 hour ago
EU Commission keeps contact with Anthropic over decision to disable models in EU
BRUSSELS, June 16 : The European Commission is still in contact with U.S. artificial intelligence company Anthropic over its decision to disable its most advanced AI models following an order from the government and other issues, a Commission spokesperson said on Tuesday. Anthropic had said on Frida ...
1 hour ago
SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push
June 16 : Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its presence in the enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public ...
1 hour ago
SpaceX to buy Cursor AI coding agent operator Anysphere for $60 billion
June 16 : Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its foothold in the enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public ...
1 hour ago
MAS amends Singapore Code on take-overs and mergers following consultation
The Edge Singapore - The Monetary Authority of Singapore (MAS), on the advice of the Securities Industry Council (SIC or the Council), issued a revised Code on Take-overs and Mergers on June 16. To reduce the anti-competitive effects of deal protection measures commonly used in Singapore, these enhancements include capp ...
2 hours ago
Vodafone CEO says Europe's digital infrastructure needs scale to drive investment
LONDON, June 16 : The chief executive of Vodafone urged European governments to speed up regulatory changes that will enable mobile phone groups to consolidate their market positions and drive the investment needed to keep up with the United States and Asia."I think speed is always the challeng ...
2 hours ago
REUTERS NEXT-Vodafone CEO urges Europe to allow mobile phone groups to scale to drive investment
LONDON, June 16 : The chief executive of Vodafone urged European governments to speed up regulatory changes to allow mobile phone groups to develop the scale to drive the investment needed to keep up with the United States and Asia. "I think speed is always the challenge, and the faster the bet ...
2 hours ago
Stablecoins gain in Nigeria for cross-border transfers, IMF says
LAGOS, June 16 : Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, to move money across borders, as households and small businesses seek cheaper and faster alternatives to traditional channels, the IMF said on Tuesday. The Fund said what began as a niche crypto ...
2 hours ago
SoftBank launches cybersecurity product based on OpenAI models
TOKYO, June 16 : Japan’s SoftBank Group has launched a cybersecurity product designed to counter breaches enabled by artificial intelligence, the company said on Tuesday.The "Patching as a Service" product will be rolled out in Japan through a joint venture established last November betw ...
3 hours ago
Dollar drifts, no respite for yen after BOJ hikes rates as expected
LONDON, June 16 : The dollar held near 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict ...
3 hours ago
Iran deal could expand market gains, with consumer shares, small caps seen benefitting
Since the war began, the S&P 500 tech sector is up 28 per cent against a 10 per cent rise for the...
3 hours ago
Iran deal could expand market gains, with consumer shares, small caps seen benefiting
Since the war began, the S&P 500 tech sector is up 28 per cent against a 10 per cent rise for the...
3 hours ago
Singtel, KKR-owned STT GDC opens its first South Korean data centre to tap AI boom
Shikhar Gupta - 30 MW facility will be jointly operated by STT GDC and Hyosung Heavy Industries
3 hours ago
Germany rejects UniCredit’s 39 billion euro Commerzbank offer
The government backs the bank’s independence and opposes the Italian lender’s ‘aggressive approach’
3 hours ago
South Korea's Hanwha to raise KAI stake above 12% by end-2026, cites global space race
SEOUL, June 16 : South Korean defence-to-aerospace group Hanwha said on Tuesday it plans to raise its combined stake in Korea Aerospace Industries (KAI) to more than 12 per cent by the end of 2026, citing the need for closer ties as global competition in the space industry intensifies. Hanwha said t ...
3 hours ago
Hanwha to raise stake in Korea Aerospace Industries to 12% by end-2026
(Corrects headline to Hanwha, not Hanwha Aerospace)SEOUL, June 16 : South Korean defence firm Hanwha Aerospace said on Tuesday it will buy 500 billion won ($331.41 million) worth of shares in Korea Aerospace Industries (KAI). This was in addition to Hanwha Aerospace deciding to acquire 499.9 billion ...
3 hours ago
SpaceX set to surpass Amazon's market cap as post-IPO rally continues
June 16 : Shares of Elon Musk's SpaceX rose more than 10 per cent in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world's fifth‑largest company, as it extended a post-IPO rally.The stock was last up 10.4 per cent at $212 ...
3 hours ago
New Fed chief Warsh faces bumpy road as he leads tough first rate meeting
The Fed is unlikely to cut rates this week, but all eyes are on the direction Warsh will take at his post-decision...
4 hours ago
European shares inch up as investors assess US-Iran agreement
The benchmark closed at a record high on Monday
4 hours ago
JPM reiterates overweight call on CDL; GS says market underappreciates ROE uplift for asset-lighter models
The Edge Singapore - JP Morgan issued an update on City Developments (CDL) on June 16, reiterating its overweight call with a 12-month price target of $10.45. The report points out that since Kwek Leng Peck was appointed as vice chairman of CDL, the share price has rallied 10.1% compared to a 1.6% gain in the Straits Ti ...
4 hours ago
Why governance, not adoption speed, will define the winners using AI in wealth management
Kevin Teng - Artificial intelligence (AI) is rapidly becoming a competitive necessity for businesses, accelerated by both market pressure and government-led digitalisation agendas. Organisations are racing to capture gains in productivity, efficiency, and innovation, while AI continues to drive significant workf ...
4 hours ago
PhillipCapital raises target price for Zixin Group to 6 cents
The Edge Singapore - Serena Lim Yi Qi and Paul Chew of PhillipCapital have maintained their upbeat call on sweet potato company Zixin Group after its 2HFY2026 earnings that exceeded expectations. For the six months to March, Zixin reported earnings of RMB45.4 million, up 29.9% y-o-y, with revenue up 44.3% to RMB386.8 mi ...
4 hours ago
SpaceX investors at US retail brokers got at least one IPO share
Demand for the shares exceeds US$100 billion
5 hours ago
South Korean shares log two-week closing high on US-Iran deal
On Monday, it rose 5.2 per cent
5 hours ago
Can ST Engineering aspire to challenge DBS to be king of the local bourse?
Leslie Yee - Growing leading companies outside the banking sector will make the local stock market more vibrant
5 hours ago
France to invest €655 million in AI, set up common chatbot for all state services
PARIS, June 16 : French Prime Minister Sebastien Lecornu said on Tuesday the government will invest €655 million ($758.29 million) in artificial intelligence and will set up a common chatbot for all the state services.• The French government will create a public health chatbot for state-owned he ...
5 hours ago
French domestic spy agency ditches Palantir for local rival, PM says
PARIS, June 16 : The French domestic intelligence agency DGSI has decided to terminate its contract with the U.S. tech firm Palantir in favour of a French rival, ChapsVision, Prime Minister Sebastien Lecornu said on Tuesday.The move reflects growing wariness by European governments about dependency ...
5 hours ago
More central banks signal plans to increase gold holdings, survey shows
WGC says 93% of respondents reported already holding gold, up from 81% a year ago
5 hours ago
Italy's antitrust regulator probes Apple over cloud services under Digital Market rules
MILAN, June 16 : Italy's competition regulator said on Tuesday it had opened a probe into Apple over compliance with interoperability obligations, under the European Digital Markets Act.
5 hours ago
KPMG scandal deepens Big Four accounting firms’ woes in Australia
Latest controversy will likely accelerate sector decline, analysts say