19 minutes ago
Broadcom signs long-term deal to develop Google’s custom AI chips
Demand for custom chips has surged in recent years
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 minutes ago
OpenAI, Anthropic, Google unite to combat model copying in China
Trump administration officials have signalled their openness to fostering information sharing among AI companies to rein in adversarial distillation
31 minutes ago
Japan February household spending falls 1.8% year-on-year
TOKYO, April 7 : Japanese household spending in February fell 1.8 per cent from a year earlier, internal affairs ministry data showed on Tuesday, versus the median market forecast for a 0.7 per cent fall.On a seasonally adjusted, month-on-month basis, spending increased 1.5 per cent, less than an es ...
40 minutes ago
Samsung flags eight-fold jump in Q1 profit as AI chip demand drives up prices
[SEOUL] Samsung Electronics on Tuesday projected a record-high first-quarter operating profit from a year earlier, beating expectations as booming demand for artificial...
47 minutes ago
Air India CEO Campbell Wilson resigns: report
The airline has lost money since being bought by Tata in 2022
1 hour ago
Air New Zealand hikes fares, cuts flights as fuel costs more than double on Iran war
AIR New Zealand said on Tuesday it would slash flights across May and June as well as hike fares, as the Iran...
1 hour ago
Analysts split on Singapore’s banking sector outlook even as safe-haven status remains ‘intact’
Chloe Lim - The Middle East conflict and closure of the Strait of Hormuz continue to cloud the road ahead
1 hour ago
Tikehau Capital doubles fundraising from Asia as demand for European private credit grows
Benjamin Cher - The French firm is also stepping up deployment in Asia and aims to deepen its presence here
1 hour ago
Record low vacancy pushes Singapore office rents up in Q1, tilts market in landlords’ favour
Chong Xin Wei - Global uncertainty and rising business costs may temper near-term demand, but scarce supply keeps rents stable and Reits resilient
1 hour ago
US crude oil futures rise over $1 as Trump sharpens rhetoric on Iran
BENGALURU, April 7 : U.S. crude futures rose more than $1 on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the critical Strait of Hormuz.U.S. West Texas Intermediate crude futures gained $1.12, or 1.1 per cent, ...
1 hour ago
Trump’s shipping waiver does not boost oil flows within US; fuel exports soar
Ship owners earn more sending vessels on longer journeys from the US to Asia
1 hour ago
Samsung flags eightfold jump in Q1 profit as AI chip demand drives up prices
SEOUL: Samsung Electronics on Tuesday (Apr 7) projected a record-high first-quarter profit, up more than eightfold from a year earlier and well above expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices higher.The world's larg ...
2 hours ago
Helium shortage yet to hit Singapore's semicon, healthcare sectors, but prolonged disruption may push costs up
Helium is used in advanced chip production and in MRI machines in hospitals.
2 hours ago
OpenAI urges California, Delaware to investigate Musk's 'anti-competitive behavior’
April 6 : OpenAI urged the California and Delaware attorneys general to consider investigating Elon Musk and his associates' "improper and anti-competitive behavior", ahead of a trial between the two sides set to begin this month. Musk sued OpenAI, its CEO Sam Altman and others in 202 ...
2 hours ago
Oil rises in choppy trade; US, Iran rhetoric heats up
[HOUSTON] Oil prices climbed in choppy trade on Monday, as the US and Iran ratcheted up their rhetoric even as the two countries are...
2 hours ago
US stocks: Wall Street ends higher as investors parse US-Iran negotiations, threats
US STOCKS advanced on Monday as investors looked for signs of progress toward a US-Iran ceasefire deal and evaluated President Donald Trump’s progressively...
3 hours ago
Wall St ends higher as investors parse US-Iran negotiations, threats
US stocks rose on hopes for a US‑Iran ceasefire as Iran rejected a temporary truce and US President Donald Trump ramped up threats
5 hours ago
Nvidia acquisition of SchedMD sparks worry among AI specialists about software access
TORONTO/SAN FRANCISCO, April 6 : A niche acquisition by Nvidia has raised concerns among artificial-intelligence and supercomputer specialists who see the move as a test of the biggest AI chip company's commitment to maintaining a fair playing field for chip rivals and AI data center builders.N ...
5 hours ago
Amazon strikes deal with USPS that maintains 80% of package volume
WASHINGTON, April 6 : Amazon.com on Monday announced it reached a new agreement with the U.S. Postal Service on package deliveries, and sources said the cash-strapped mail system would retain about 80 per cent of its existing deliveries from its biggest customer.That 20 per cent cut is a dramaticall ...
5 hours ago
Exclusive-Amazon says it has reached deal with US Postal Service on package deliveries
WASHINGTON, April 6 : Amazon.com said Monday it has reached a new agreement with the U.S. Postal Service on package deliveries.Sources told Reuters the deal will result in Amazon, which is USPS's largest single customer, retaining around 80 per cent of its existing deliveries with USPS, or more ...
6 hours ago
Netflix debuts new 'Playground' gaming app for kids
April 6 : Netflix doubled down on its gaming efforts on Monday, launching a new app called "Netflix Playground" that would feature games built around popular children's characters such as Peppa Pig and Sesame Street. Analysts say the streaming giant's gaming efforts have yet to e ...
9 hours ago
Trump says Iran could be ‘taken out’ on Tuesday, Hegseth says major strikes to come
Critics have said that the US president would be committing war crimes if the US attacks civilian power plants
10 hours ago
Sunway’s IJM takeover bid lapses after falling short of acceptance threshold
Tan Ai Leng - Collapsed deal halts bid to create largest construction giant with market value nearing RM50 billion
10 hours ago
Saudis raise Asia oil to record premium as war upends market
The conflict is forcing a shift in oil flows as the vital Strait of Hormuz remains largely shut
10 hours ago
UltraGreen.ai's ID Nicky Tan raises stake after buying shares at below IPO price
The Edge Singapore - Tan Ng Kuang, an independent director of UltraGreen.ai, has added to his stake in medical company over recent two market days. Better known as Nicky Tan, he is known for leading a boutique corporate advisory firm nTan Corporate Advisory. On March 31, he paid an average of US$1.445 each for 20,000 sh ...
11 hours ago
S&P 500, Nasdaq open higher as investors weigh Mideast resolution hopes
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Monday (Apr 6) after the indexes marked their biggest weekly jump...
11 hours ago
New Jersey cannot regulate Kalshi's prediction market, US appeals court rules
April 6 : A federal appeals court on Monday ruled that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to place financial bets on the outcome of sporting events.A three-judge panel of the Philadelphia-based 3rd U.S. Circuit Court of A ...
11 hours ago
Nam Cheong wins charter contracts worth RM102.5 mil
The Edge Singapore - Nam Cheong has won charter contracts worth RM102.5 million for two of its support vessels for two-year terms, with an option to extend by another year. One of Nam Cheong's anchor handling tug supply vessel has been chartered to Offshore Oil Engineering Co, a subsidiary of CNOOC. A maintenance w ...
12 hours ago
Investors press Amazon, Microsoft and Google on water, power use in US data centers
(Corrects paragraph 10 to show that Amazon provides data on water usage per unit of power not total water usage)By Simon Jessop, Valerie Volcovici and Supantha MukherjeeLONDON, April 6 : Amazon, Microsoft and Alphabet's Google have each recently abandoned construction of multibillion-dollar dat ...
12 hours ago
Analysis:Investors press Amazon, Microsoft and Google on water, power use in US data centers
LONDON, April 6 : Amazon, Microsoft and Alphabet's Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder pressure over the environmental impact of their projects.More than a dozen investo ...
12 hours ago
Oracle appoints Hilary Maxson as CFO
April 6 : Oracle said on Monday it had appointed Hilary Maxson as chief financial officer, effective immediately.Maxson joins when demand for AI computing, cloud databases is outpacing available capacity, pushing the company to accelerate investments in data centers and infrastructure.Before joining ...
12 hours ago
Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending
April 6 : Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping an executive with experience in infrastructure and energy to steer its efforts to meet surging demand for artificial intelligence and cloud services.The appointment comes as the technology company has been taking ...
12 hours ago
Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom
April 6 : Oracle on Monday named Hilary Maxson as its chief financial officer, tapping an executive with deep experience in infrastructure and energy as it ramps up investments to meet surging demand for artificial intelligence and cloud services.The appointment, which reinstates a crucial position ...
12 hours ago
BlackRock plans challenger to Invesco’s US$374 billion crown jewel
The iShares Nasdaq 100 ETF would follow the technology-heavy index and trade under the ticker IQQ