1 hour ago
Detroit auto industry spared from Trump’s latest tariff programme
[DETROIT] Detroit’s automakers learned Friday (Feb 20) night that they had been spared from tariffs that US President Donald Trump imposed after...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 hours ago
OpenAI expects compute spend of around US$600 billion through 2030: source
[MEXICO CITY] OpenAI is targeting roughly US$600 billion in total compute spend through 2030, a source familiar with the matter told Reuters...
3 hours ago
Wikipedia founder sees no threat from Musk’s Grokipedia
[DELHI] The founder of Wikipedia said he isn’t worried about the threat posed to the free online encyclopedia from artificial intelligence-generated content,...
4 hours ago
China’s Shenzhen cracks down on risky gold trading amid wave of defaults
[SHENZHEN] Financial regulators in Shenzhen moved to curb illegal gold trading activities, targeting speculative schemes that have contributed to a wave of...
4 hours ago
Trump tariff reversal could cut costs for US energy firms but will likely leave broader flows unchanged
[HOUSTON] The US Supreme Court’s Friday (Feb 20) decision to strike down trade tariffs imposed by President Donald Trump last year may...
6 hours ago
How Budget 2026 is leading through change in a time of structural shifts
Lee Tiong Heng and Larry Low - Budget 2026 arrives at a time of structural shifts in the global order. Geopolitical tensions continue to evolve, and the breakneck pace of technological change, particularly in artificial intelligence (AI), is reshaping competitiveness. For an open and highly connected economy like Singapore, such ...
6 hours ago
Oil: Brent rises late, settles higher and with weekly gain on Iran-US jitters
[HOUSTON] Brent crude prices rose in late-day short-covering on Friday (Feb 20) as investors worried about US military action, as President Donald...
6 hours ago
Europe: Stoxx 600 hits record after US Supreme Court strikes down Trump tariffs
[BENGALURU] Europe’s Stoxx 600 closed at a record on Friday (Feb 20) after investors welcomed the US Supreme Court ruling that struck...
7 hours ago
The Experience Economy as Malaysia’s national policy: from factories to footprints
Tong Kooi Ong + Asia Analytica - In a world increasingly fraught with geopolitics and divided by the US-China battle for AI supremacy, countries are under pressure to choose sides; neutrality may no longer suffice. Against this backdrop, heavy dependence on the electrical and electronics (E&E) sector — already accounting for ...
7 hours ago
Court ruling against Trump's use of tariffs offers little respite for global economy, analysts say
A long list of uncertainties remains - including what new tariffs Trump will seek to impose, the possibility of refunds and whether countries that entered bilateral deals with the US will see those pacts reopened for review.
8 hours ago
Wall Street stocks rise after court ruling against US tariffs
Some analysts said they expect the Supreme Court ruling to lead to lower inflation, but others described the situation as fundamentally uncertain.
8 hours ago
OpenAI expects compute spend of around $600 billion through 2030, source says
Feb 20 : OpenAI is targeting roughly $600 billion in total compute spend through 2030, a source familiar with the matter told Reuters on Friday, as the ChatGPT maker lays groundwork for an IPO that could value it at up to $1 trillion.OpenAI's 2025 revenue totaled $13 billion, beating its $10 bi ...
8 hours ago
OpenAI expects compute spend of around $600 billion by 2030, source says
Feb 20 : OpenAI is targeting roughly $600 billion in total compute spend by 2030, a source familiar with the matter told Reuters on Friday, as the ChatGPT maker lays groundwork for an IPO that could value it at up to $1 trillion.OpenAI's 2025 revenue totaled $13 billion, beating its $10 billion ...
8 hours ago
Microsoft Gaming head Phil Spencer retires, insider Asha Sharma takes over
Feb 20 : Microsoft said on Friday gaming head Phil Spencer is retiring after 38 years at the software maker, in a major leadership shake-up amid growing challenges in a competitive industry.The company named insider Asha Sharma as the executive vice president and CEO of the gaming division. She will ...
9 hours ago
NASA eyes launch of astronaut moon mission after passing key test
NASA is targeting Mar 6 for the Artemis II crewed lunar flyby, pending final safety checks and readiness reviews, after a successful launch rehearsal.
11 hours ago
SEC probe involving AppLovin still active, Bloomberg News reports
Feb 20 : The U.S. Securities and Exchange Commission's investigation into marketing platform AppLovin is continuing, Bloomberg News reported on Friday.Bloomberg had in October reported that the SEC was probing allegations that AppLovin violated platform partners' service agreements to push ...
14 hours ago
Explainer: How will companies get refunds now that the US Supreme Court has rejected Trump's tariffs?
WILMINGTON, Delaware: The United States Supreme Court said on Friday (Feb 20) that tariffs imposed by President Donald Trump under an economic emergency law were illegal.The court did not say how the government should refund the illegal tariffs, worth an estimated US$175 billion. When asked about re ...
14 hours ago
NASA eyes March 6 launch of astronaut moon mission after passing key test
WASHINGTON, Feb 20 : NASA officials on Friday said the agency was targeting March 6 for the launch of four astronauts around the moon and back as part of its Artemis II mission after overcoming rocket-fueling snags in a second key launch rehearsal this week, but cautioned that remaining prep work co ...
14 hours ago
US stocks end higher, Treasury yields gain after Supreme Court strikes down Trump tariffs
NEW YORK, Feb 20 : U.S. stocks advanced on Friday and Treasury yields rose as investors absorbed a ruling by the U.S. Supreme Court striking down President Trump's tariffs, while also parsing a weak GDP report and higher-than-expected inflation data.All three major U.S. stock indexes moved high ...
14 hours ago
US, European stocks rise, Treasury yields gain after Supreme Court strikes down Trump tariffs
NEW YORK, Feb 20 : U.S. and European stocks advanced on Friday and Treasury yields rose as investors absorbed a ruling by the U.S. Supreme Court striking down President Trump's tariffs, while also parsing a weak GDP report and higher-than-expected inflation data.All three major U.S. stock index ...
15 hours ago
Stocks and US Treasury yields rise after Supreme Court scraps Trump’s tariffs
Court says the administration had exceeded its authority when it imposed reciprocal tariffs on trading partners
15 hours ago
Wall Street ends higher after Supreme Court rules against Trump tariffs
Thousands of companies around the world have filed lawsuits challenging Trump’s sweeping tariffs
16 hours ago
US Supreme Court rejects Trump's global tariffs
[WASHINGTON] The US Supreme Court struck down on Friday (Feb 20) President Donald Trump’s sweeping tariffs that he pursued under a law...
16 hours ago
UOI H2 net profit surges 51.5% to S$23.7 million
Benicia Tan - Full-year net profit climbs 8.4% to S$32.3 million
16 hours ago
OpenAI developing AI devices including smart speaker, The Information reports
Feb 20 : OpenAI has more than 200 people working on a family of AI-powered devices that will include a smart speaker and possibly smart glasses and a smart lamp, the Information reported on Friday, citing a person with knowledge of the plans.The smart speaker, the first device OpenAI will launch, is ...
16 hours ago
US stocks: Wall Street opens lower after economic data
Ilyas Salim - WALL Street indexes opened lower on Friday (Feb 20) after data showed US economic growth slowed more than expected in the fourth...
16 hours ago
US judge upholds $243 million verdict against Tesla over fatal Autopilot crash
Feb 20 : A federal judge rejected Tesla's request to pay $243 million to victims of a 2019 fatal crash of an Autopilot-equipped Model S.In a decision made public on Friday, U.S. District Judge Beth Bloom in Miami said the evidence at trial "more than supported" the verdict, and Tesla ...
17 hours ago
ComfortDelGro’s subsidiary Vicom reports 45.1% y-o-y growth in earnings for FY2025 of $42.5 mil
Teo Zheng Long - ComfortDelGro’s subsdiary Vicom (SGX: WJP ) has reported net profit attributable to shareholders of $42.5 million in FY2025, ended Dec 31, 2025, after taking into various factors such as interest income, finance costs and taxation. Revenue came in 40.1% y-o-y higher at $167.4 million for FY2025. T ...
17 hours ago
London Stock Exchange to host first transaction under new private share platform
Feb 20 : The London Stock Exchange's new Private Securities Market is set to host its first deal in the coming weeks, its CEO said on Friday, in what will be the first transaction to take place under the UK financial regulator's new PISCES framework.The first transaction will involve the c ...
17 hours ago
London Stock Exchange launches first transaction under new private share platform
Feb 20 : London Stock Exchange on Friday launched its first transaction under the UK financial regulator's new PISCES framework that allows investors to trade shares in private companies.The transaction involved the creation of an exchange-enabled investment structure, or a TPEIC, that will hol ...
18 hours ago
Parkway Life Reit secures 8.8 billion yen social loan from DBS, issues S$70 million green bond
Benicia Tan - The 10-year social loan is the first such facility the bank extends to the healthcare sector
18 hours ago
Concord New Energy forecasts over 80% dip in profit for FY2025
Chloe Lim - This comes on the back of a decline in revenue and gross margin from its power generation business
19 hours ago
DBS provides first social loan of JPY8.8 billion to ParkwayLife REIT
The Edge Singapore - On Feb 20, DBS announced the issuance of its first social loan of JPY8.8 billion ($72 million) for 10 years to ParkwayLife REIT (PLife REIT). Proceeds from the social loan will be used to finance PLife REIT’s elder care facilities in Japan, where a rapidly ageing population is driving demand for q ...
19 hours ago
Ringgit could head to RM2.90 vs SGD as STI plods higher
Goola Warden - The charts suggest that shopping in Johor is likely to get more expensive based on the SGDMYR chart. To offset the higher cost, market players may opt to stick with appreciating SGD assets such as the STI ETF following the Straits Times Index’s move above 5,000. To take a step back, the Malaysian ...