12 minutes ago
Tesla’s vanishing order hastens fall of an US$800 million fortune
Analysts say L&F’s core business remains intact
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 minutes ago
South Korea Dec headline inflation at 2.3%, as expected
SEOUL, Dec 31 : South Korea's consumer prices rose 2.3 per cent in December from a year earlier, in line with median forecasts of 2.30 per cent, Statistics Korea data showed on Wednesday.The consumer price index increased 0.3 per cent on a monthly basis, compared with a 0.2 ...
30 minutes ago
Fee income, recovery in loan growth are key drivers for Singapore banks in 2026
Tan Nai Lun - But analysts expect overall results to be flattish or lower, weighed down by net interest income
30 minutes ago
More contract hiring, higher foreign labour costs: The trends shaping Singapore’s manpower landscape in 2026
Sharon See - Gloomier hiring sentiment persists despite economy ending year on better-than-expected note
1 hour ago
Musk's xAI buys third building to expand AI compute power
Dec 30 : Elon Musk said on Tuesday his artificial intelligence startup xAI has bought a third building to expand its infrastructure, aiming to boost training capacity to nearly 2 gigawatts of compute power.The latest expansion underscores xAI's ambitious push to compete more effectively with ...
1 hour ago
US Fed officials showed deep divisions at December meeting: minutes
THE US Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing...
2 hours ago
Commentary: The quantum era crept up while you were watching AI
The sheer pace of quantum activity from tech firms in 2025 would have been unthinkable even five years ago, says Catherine Thorbecke for Bloomberg Opinion.
2 hours ago
Oil flat as Russia-Ukraine peace hopes fade, Yemen tensions rise
[HOUSTON] Oil was steady after a choppy session on Tuesday as investors weighed dented hopes of a Russia-Ukraine peace deal and rising geopolitical...
2 hours ago
European stocks hit another record close as banks, miners lead
EUROPEAN stocks logged a second consecutive record close on Tuesday, lifted by banks and commodity-linked shares, although gains were capped by thin, year-end...
2 hours ago
US stocks: S&P 500, Nasdaq end flat in holiday-thin trade, Meta gains on deal
[NEW YORK] The S&P 500 and the Nasdaq closed little changed in choppy trading on Tuesday, as gains in communication services stocks were offset...
2 hours ago
Meta is sued by US Virgin Islands over ads for scams, dangers to children
Dec 30 : The attorney general of the U.S. Virgin Islands has sued Meta Platforms, accusing the Facebook and Instagram owner of deliberately profiting from advertisements for scams and failing to keep its social media platforms safe for children.“Meta knowingly and intentionally exposes its user ...
5 hours ago
Two US cyber experts plead guilty to cooperating with notorious ransomware gang
WASHINGTON, Dec 30 : Two U.S. cybersecurity professionals have pleaded guilty after they were accused of working with a notorious ransomware gang to shake down American targets, the Justice Department said in a statement on Tuesday.Justice Department officials said that Ryan Goldberg, 40, of Geor ...
6 hours ago
Nvidia in advanced talks to buy Israel's AI21 Labs for up to $3 billion, report says
JERUSALEM, Dec 30 : Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday.Nvidia declined to comment, while AI21 was not immediately available to comment.A 2023 funding round valued AI21 at $1.4 billion. N ...
7 hours ago
Wall Street closes slightly lower near the end of a banner year; gold rebounds
NEW YORK, Dec 30 : U.S. stocks slumped on Tuesday, while gold bounced back on the penultimate trading day of 2025.All three indexes dipped into negative territory in a light-volume pre-holiday session in a subdued ending to a volatile year.Having weathered a year of tariff wars, the longest gover ...
7 hours ago
Wall Street muted near the end of a banner year; gold rebounds
NEW YORK, Dec 30 : U.S. stocks edged lower on Tuesday, while gold bounced back and benchmark Treasury yields turned higher on the penultimate trading day of a turbulent year.All three indexes dipped into negative territory shortly after the opening bell of what is likely to be a light-volume sess ...
8 hours ago
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and...
9 hours ago
Warner Bros likely to reject Paramount's latest hostile bid, source says
Dec 30 : Warner Bros Discovery will likely reject Paramount Skydance's amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant's offer, according to a person familiar with the matter.The boar ...
9 hours ago
Warner Bros expected to reject Paramount's latest hostile bid, CNBC reports
Dec 30 : Warner Bros Discovery is expected to reject Paramount Skydance's amended $108.4 billion hostile bid, CNBC reported on Tuesday.The rebuff could brush aside Paramount's effort to shore up deal financing through a $40.4 billion personal guarantee from Oracle co-founder Larry ...
9 hours ago
Wall Street opens subdued after tech-led drop halts rally
[NEW YORK] Wall Street’s main indexes opened muted on Tuesday (Dec 30), a day after logging their steepest one-day decline in nearly...
9 hours ago
SoftBank has completed its $40 billion investment in OpenAI, source says
Dec 30 : SoftBank Group has completed its $40 billion investment in OpenAI, a source familiar with the matter said on Tuesday, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son's bet on AI.SoftBank has been building one of the largest private technolo ...
9 hours ago
SoftBank has completed its $40 billion investment in OpenAI, CNBC reports
Dec 30 : SoftBank Group has completed its $40 billion investment in OpenAI, CNBC reported on Tuesday, citing people familiar with the matter, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son's bet on AI.SoftBank has been building one of the largest p ...
10 hours ago
Incredible Holdings announces possible reverse takeover by Hong Kong AI company
Derryn Wong - Cambridge Artificial Intelligence and Incredible Holdings have entered a non-binding MOU to explore the transaction
10 hours ago
Don Agro to shift from farming to cancer treatment with $43.7 million deal; proposes new name UpHealth Group
The Edge Singapore - Don Agro International is set to transform from what was previously a Russian farming company to a healthcare business focusing on cancer treatment. In a Dec 30 filing, Don Agro announced details for its planned acquisition of a group of healthcare entities for just over 3 billion rubles, equivalent ...
10 hours ago
CapitaLand Ascendas REIT completes acquisition of three industrial and logistics properties for $565.8 million
Kwan Wei Kevin Tan - CapitaLand Ascendas REIT (CLAR) says it has completed the acquisition of three properties in Singapore from a Warburg Pincus-Lendlease Global joint venture for approximately $565.8 million. In a Dec 30 bourse filing, CLAR says it completed the acquisition of: 2 Pioneer Sector 1, a ramp-up logistics ...
10 hours ago
Alibaba, Abu Dhabi set to invest in AI startup MiniMax’s US$600 million IPO
It is set to start taking investor orders as early as Dec 31
10 hours ago
China mandates 50% domestic equipment rule for chipmakers
They must prove through procurement tenders that at least half their equipment will be Chinese-made
11 hours ago
Co-living provider The Assembly Place files preliminary prospectus for Catalist IPO
Shikhar Gupta - Proceeds will be used to grow the company’s portfolio, including its expected expansion into Malaysia
11 hours ago
China allocates initial US$8.9 billion for consumer goods trade-in scheme in 2026
CHINA is allocating 62.5 billion yuan (S$11.5 billion) from ultra-long special treasury bond funds initially this year for its scheme that offers...
12 hours ago
The manager of Suntec REIT has announced changes to the composition of its board and board committees
Nicole Lim - ESR Trust Management, the manager of Suntec REIT, has announced changes to the composition of its board and board committees with effect from Dec 31. Notably, Chan Pee Teck Peter and Foo Yee Shoon will retire as independent non-executive directors, having reached their nine-year tenure limit. Shen J ...
12 hours ago
LV applies for summary judgement against ValueMax in alleged trademark infringement lawsuit
Tay Peck Gek - Summary judgement from the High Court will be heard on Jan 6
12 hours ago
The Assembly Place lodges preliminary prospectus with MAS for IPO on Catalist Board
Nicole Lim - The Assembly Place (TAP) has lodged its preliminary prospectus with the Monetary Authority of Singapore for the proposed IPO of the company on the Catalist board of the Singapore Exchange. TAP is a community living operator which operates an asset-light model using its digital infrastructure to mana ...
13 hours ago
What is Manus, the Singapore-based AI startup acquired for US$2 billion by Meta?
Shikhar Gupta - The platform built by the startup can complete tasks like resume-screening, financial document analysis and stock analysis
13 hours ago
What is Manus, the Singapore-based AI startup being acquired for US$2 billion by Meta?
Shikhar Gupta - The platform built by the startup can complete tasks like resume-screening, financial document analysis and stock analysis
13 hours ago
What is Manus, the AI startup being acquired for US$2 billion by Meta?
Shikhar Gupta - The platform built by the startup can complete tasks like resume-screening, financial document analysis and stock analysis