1 hour ago
AI is running on borrowed money
Risk is rising as big tech firms need to turn to the bond market for staggering sums to finance data centres
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
Boeing focusing on production, not new orders, at Farnborough Airshow
‘Demand is not our issue,’ says the CEO of its commercial airlines unit
2 hours ago
Pension funds try to come to grips with the scariest global warming scenario
The impact of any single climate tipping point being breached would be ‘highly consequential’, says JPMorgan
4 hours ago
Malaysia probes state pension’s loss linked to eFishery collapse
A team has been formed to ‘study and examine the issue thoroughly’, says the country’s anti-corruption chief
4 hours ago
DBS’ S$200 billion milestone: What will it take to create more high-performing big-cap stocks?
Ben Paul - Singapore-listed companies should be pushed to become globally relevant in the same manner that the banks were encouraged to merge
5 hours ago
Jet engine maker CFM to invest US$2 billion to speed up repairs
The GE Aerospace-Safran venture says it is putting money towards tackling bottlenecks
5 hours ago
Lentor Gardens Residences sells 54% of 499 units over launch weekend
Tessa Oh - Resilient demand reflects tight supply, sustained appetite for mass-market homes in Lentor estate
6 hours ago
India’s private lenders bet on corporate loan revival for growth
The pickup comes as high bond yields make market funding less attractive
7 hours ago
Can softer delisting rules save Manila’s bourse from hollowing out?
The Philippine Stock Exchange may ease delisting rules for non-compliant firms as corporate exits mount
9 hours ago
LC Capital extends PC Partner position; Rich Capital raises S$1.28 million in placement agreement
Substantial shareholders record 14 acquisitions and 5 disposals in the five sessions from Jul 10 to 16
11 hours ago
South Korea to ease forex rules for foreigners to trade won in push to liberalise market
The reforms underscore the government’s desire for currency internationalisation
11 hours ago
South Korea to ease FX rules for foreigners to trade won in push to liberalise forex market
Reforms underscore the government’s desire to internationalise the currency
12 hours ago
Sats’ next lap will lean on AI, F1-style telemetry – and hot wings
Derryn Wong - Its strategy includes a central, data-enabled platform and expanding its aviation and food businesses
13 hours ago
‘We are all Korean investors now’: Why South Korea’s AI-heavy market is setting the tone for global stocks
SK Hynix and Samsung Electronics play a pivotal role in memory chip supply
15 hours ago
US renews strikes on Iran after two military personnel killed
The attacks are ‘designed to further degrade’ Teheran’s ability to threaten shipping in the Strait of Hormuz
15 hours ago
US and Iran trade more strikes after 2 US troops killed by attack in Jordan
A third US service member was missing in action
15 hours ago
US launches new strikes after 2 US troops killed by Iranian attack in Jordan
A third US service member was missing in action
15 hours ago
2 US troops killed after Iranian attack in Jordan; US launches new strikes
A third US service member was missing in action
18 hours ago
Exclusive-Samsung cuts US jobs, offers relocations ahead of HQ move
SEOUL, July 19 : Samsung Electronics has cut jobs at its U.S. display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.The South Korean tech giant said on Sunday in a statement to Reu ...
18 hours ago
Samsung Electronics America to reduce workforce by 739 in New Jersey, WARN notice says
SEOUL, July 19 : Samsung Electronics America is reducing its workforce by 739 jobs in Englewood Cliffs, New Jersey, according to a Worker Adjustment and Retraining Notification (WARN) reviewed by Reuters. SEA handles sales and marketing of Samsung Electronics' displays, phones, TVs and home app ...
1 day ago
Data center opponents stage 142 protests across 42 US states
July 18 : Opponents of the rapid buildout of data centers held 142 protests across 42 states on Saturday in the first nationwide effort to channel anger at the AI infrastructure expansion that has ramped up over the past year and roiled local politics.The protests were coordinated by HumansFirst, co ...
1 day ago
US data center protests go national as backlash grows
July 18 : Opponents of the rapid buildout of data centers plan to hold protests on Saturday in at least 125 locations across the United States, the first coordinated national effort to channel anger at the AI infrastructure expansion that has ramped up over the past year and roiled local politics.Th ...
1 day ago
Colombia's Ecopetrol says cyberattack stole data tied to 3,300 accounts
July 17 : Colombian state-controlled energy company Ecopetrol said on Friday a cyberattack resulted in the theft of data tied to about 3,300 user accounts and that it could not "guarantee" the breach would not have a "material adverse" financial impact.The company, however, said ...
2 days ago
US judge won’t block Meta from laying off workers who filed AI discrimination lawsuit
The workers were notified of the layoffs in May
2 days ago
Cartier owner Richemont reports ‘stratospheric’ sales growth as jewellery demand surges
The Swiss luxury group’s quarterly sales rose 20 per cent, driven by strong jewellery demand and spending in Japan and the Americas.
2 days ago
Meta, Anthropic in talks for potential US$10 billion compute lease deal: source
The deal would help Meta diversify its income streams
2 days ago
Boeing keeps 20-year forecast for jet demand steady, shrugs off Iran war impact
Boeing expects air passenger traffic growth of about 2.3% this year
2 days ago
Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure
Both Brent crude futures and US WTI futures were at their highest since mid-June
2 days ago
Tech selloff weighs on European shares ahead of ECB meeting next week
The Stoxx 600 index was largely unchanged for the week
2 days ago
The last monopoly: Trusted judgement in an age of infinite intelligence (Part 9 of 9)
Tong Kooi Ong + Asia Analytica - The age of AI: When values move from attention to decisionThe printing press industrialised ideas. The internet collapsed the cost of distributing them. Artificial intelligence (AI) is now collapsing the cost of producing them. Each technological revolution expanded access to information. But more i ...
2 days ago
Not all exuberance is irrational
Tong Kooi Ong + Asia Analytica - A lesson from historyTransformative technologies do not always produce transformative investment returns. Railways changed the world. Airlines transformed travel. Telecommunications connected the planet. Fibre-optic networks enabled the modern internet. Yet many of the companies that built these sys ...
2 days ago
US stocks: Wall Street ends lower for the day and week as chip selloff broadens
All three major indices closed lower on Friday.
2 days ago
Federal employees can download TikTok on government devices, DOJ says
WASHINGTON, July 17 : The U.S. Justice Department said on Friday that federal employees can now download the short-video app TikTok on government devices.A 2022 law banned federal employees from using the app on government devices, citing national security concerns, but a department opinion released ...
2 days ago
GameStop owns nearly 10% of eBay, SEC filing shows
July 17 : Videogame retailer GameStop owns nearly 10 per cent of e-commerce company eBay, the company said in a regulatory filing late on Friday, nearly three months after making an unsolicited offer to buy eBay for roughly $56 billion.GameStop said it owns 43.4 million outstanding shares of eBay, o ...