59 minutes ago
Trump says Iran ceasefire over but talks on deal to continue
The comments are likely to ease fears of a return to all-out war
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
Oil eases as US, Iran continue talks after renewed fighting
West Texas Intermediate falls 0.9% to settle near US$71 a barrel, but still notches a weekly gain of roughly 4%
2 hours ago
European shares snap four-week winning streak on tech selloff, US-Iran war
The Stoxx 600 lost 1.8% as investors dialled back hopes for the energy supply shock easing soon
2 hours ago
S&P 500 rises before earnings as SK Hynix debuts
In the final stretch of a week of gains for equities, the S&P 500 approaches record highs
3 hours ago
Apple sues OpenAI for stealing trade secrets
The lawsuit paints a picture of an aggressive effort by OpenAI to poach Apple employees and extract confidential information to build its own device.
3 hours ago
Meta scraps AI image feature days after launch following privacy backlash
July 10 : Meta said on Friday it is discontinuing an AI feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over privacy concerns, including from a Hollywood union."Our intent was to provide a useful creative tool ...
3 hours ago
Meta discontinues AI image feature days after launch
July 10 : Meta said on Friday it is discontinuing an AI feature that allowed users to generate images using public Instagram accounts, days after rolling out the feature."Our intent was to provide a useful creative tool and to give people control over whether their public content could be refer ...
5 hours ago
SK hynix: From near collapse to AI chip powerhouse behind record US listing
Once on the edge of financial ruin, the South Korean chip giant has rebounded to debut on Wall Street in what is the largest US listing by a foreign company.
6 hours ago
South Korean chip giant SK hynix surges on first day of trading on Wall Street
SK hynix’s NASDAQ listing raised US$26.5 billion, making it one of the largest stock sales in history.
6 hours ago
Apple sues OpenAI, two former employees for trade secrets theft
July 10 : Apple on Friday sued OpenAI and two former employees, alleging misappropriation of its trade secrets to benefit the ChatGPT-owner's foray into consumer hardware, in a dramatic escalation of already simmering tension between the two companies.The complaint, filed in the U.S. District C ...
8 hours ago
SK Hynix CEO sees worst memory shortage in 2027, demand to outstrip supply beyond 2030
SEOUL/NEW YORK, July 10 : SK Hynix Chief Executive Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company's ability to produce it well into the next decade despite aggressive cap ...
8 hours ago
SK Hynix CEO sees worst-ever memory supply shortage in 2027, says demand to outstrip supply beyond 2030
SEOUL/NEW YORK, July 10 : SK Hynix Chief Executive Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company's ability to produce it well into the next decade despite aggressive cap ...
11 hours ago
Meta AI image detector fails to identify some of its own cropped AI images, Reuters analysis finds
July 10 : A new AI detection tool from Meta, which the tech company previewed this week alongside the launch of its image-generation model, Muse Image, failed to identify some of its own AI-generated images once they were cropped, according to a Reuters analysis.The finding highlights the challenges ...
11 hours ago
SK Hynix shares jump 14% in Nasdaq debut
July 10 : SK Hynix's U.S.-listed shares opened 14 per cent above the offering price in their Nasdaq debut, signaling continued strength in investor appetite for companies benefiting from the AI boom.
12 hours ago
Wall Street climbs, oil slides as investors bet on AI growth over Middle East tensions
WASHINGTON, July 10 : Stocks climbed and oil prices slipped somewhat as investors retained AI-related enthusiasm and shrugged off the ongoing dispute between the U.S. and Iran.All three major U.S. indices ended the day higher Friday, with the Dow Jones Industrial Average rising 0.29 per cent, the S& ...
12 hours ago
Wall Street and oil prices tread water as investors eye SK Hynix, Middle East tensions
LONDON/WASHINGTON, July 10 : Global stocks rose on Friday but Wall Street opened in mixed territory, as AI-related enthusiasm over the market debut of South Korean chip bellwether SK Hynix led investors to brush off tit-for-tat attacks between the U.S. and Iran. The Dow Jones Industrial Average was ...
12 hours ago
Yen strengthens as Japan considers nudging pension funds into domestic assets
NEW YORK, July 10 : The yen climbed on Friday and was on track for its biggest daily percentage gain in more than a week after Japan said it plans to encourage pension funds to increase their holdings of domestic financial assets.Japanese Finance Minister Satsuki Katayama said the government was pur ...
12 hours ago
Yen climbs as Japan considers nudging pension funds into domestic assets
NEW YORK, July 10 : The yen strengthened on Friday and was poised for its biggest daily percentage gain in more than a week after Japan said it plans to encourage pension funds to increase their holdings of domestic financial assets.Japanese Finance Minister Satsuki Katayama said the government was ...
12 hours ago
Delta signals fare hikes will stay as resilient demand cushions fuel-cost hit
The carrier recovered about 60% of the fuel cost increase in the second quarter
13 hours ago
Banks’ fierce red-hot rally could cool but what has changed?
Goola Warden - Inevitably, the red-hot rally in local banks is likely to cool during the week of July 13-17. As a counterpoint, the Singapore market’s rally has started to broaden, with Keppel starting the next stage of its uptrend. But what could have changed at the banks that caused this rally? All three banks ...
13 hours ago
Wall St opens steady ahead of SK Hynix listing; Middle East in focus
[NEW YORK] Wall Street indexes steadied at open on Friday (Jul 10), as investors awaited the highly anticipated Nasdaq debut of South...
13 hours ago
RHB expects ‘decent’ 2QFY2026 from OCBC, lifts target price to $29.80
Felicia Tan - The Singapore research team at RHB Bank Singapore is expecting Oversea-Chinese Banking Corporation (OCBC) to report a “decent” set of results for the 2QFY2026 ended June, after meeting with the bank’s management for an update. As such, the team has kept its “buy” call with a higher target ...
13 hours ago
Shein could aim for September or October IPO in Hong Kong, source says
July 10 : Fast-fashion retailer Shein is likely to aim for its Hong Kong initial public offering in September or October, said a source familiar with the situation, after the company won approval from the Chinese securities regulator on Friday. Shein has indicated it could sell up to 8 per cent of i ...
13 hours ago
SpaceX's near-term AI payoff seen tethered to Earth, not outer space
July 10 : Elon Musk may have pitched a future where space powers AI, but Wall Street analysts say SpaceX's near-term value remains firmly tethered to Earth, where it is building out the infrastructure underpinning the AI boom.Infrastructure providers, particularly data centers, are poised to be ...
14 hours ago
Yen climbs as Japan lures pension funds into domestic assets
[LONDON/SINGAPORE] The yen bounced on Friday (Jul 10) on news that Japan plans to encourage pension funds to increase their holdings of...
14 hours ago
Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility
TAIPEI, July 10 : Taiwanese chip-testing company King Yuan Electronics (KYEC) plans to invest up to $1.4 billion to establish a facility in the United States, the supplier to chipmaker Nvidia said on Friday.King Yuan Electronics said the investment is intended to support operational growth and stren ...
14 hours ago
Philippine Air to order 15 Boeing 787-10 and nine Airbus A350-1000
PARIS/MANILA, July 10 : Philippine Airlines (PAL) is poised to order 15 Boeing 787-10 aircraft and nine Airbus A350-1000 jets, marking its first Boeing purchase in almost 20 years, industry sources said on Friday.The orders are expected to be announced at the Farnborough Airshow this month. The deci ...
14 hours ago
Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says
July 10 : Derivatives exchange Cboe Global Markets expects to list options on SK Hynix's U.S.-listed shares two business days after the stock's trading debut, a source familiar with the matter told Reuters on Friday.The South Korean chipmaker, which raised $26.5 billion in share sale, is s ...
14 hours ago
SK Hynix options to trade two business days after Nasdaq debut, sources say
July 10 : U.S. exchange operators including Cboe Global Markets and Nasdaq expect to list options on SK Hynix's U.S.-listed shares two business days after the stock's trading debut, two sources familiar with the matter told Reuters on Friday.The South Korean chipmaker , which raised $26.5 ...
15 hours ago
Suntec Reit appoints Celine Tang as board chairman, non-executive director
Tan Nai Lun - She will also be appointed to the board’s nominating and remuneration committee
15 hours ago
Indonesia’s Amman Mineral said to consider Hong Kong listing
Amman Mineral is seeking to hire banks to work on the Hong Kong offering
16 hours ago
South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York
SEOUL, July 10 : When South Korean billionaire Chey Tae-won attends a bell-ringing ceremony on Friday for SK Hynix's $26.5 billion Nasdaq listing, it will mark the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse.SK Group ...
16 hours ago
Circle wins final regulatory approval to establish US trust bank, shares rise
July 10 : Circle said on Friday it has received a final regulatory approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, sending the stablecoin giant's shares surging 10 per cent in premarket trading.Here are some details: • The charter allows Ci ...
16 hours ago
Preventive health offers new opportunities in private healthcare as patient needs develop: IHH
Evan See - The private healthcare provider launches programme focusing on personalised preventive health, longevity