52 minutes ago
BlackRock eyes more than US$12 billion debt for Texas data centre
[WASHINGTON] BlackRock is looking to sell more than US$12 billion of bonds to help finance a data centre campus in El Paso,...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
Indian central bank's capital flow measures draw over US$20 billion in first month
The move is to strengthen the country’s balance of payments and boost capital inflows
2 hours ago
India markets regulator penalises depository over 2022 malware attack
MUMBAI, July 20 : India's markets regulator on Monday imposed a fine of 10 million rupees on Central Depository Services (India) Ltd (CDSL) for multiple cybersecurity and compliance failures linked to a malware attack that disrupted depository operations in November 2022. Here are the key detai ...
2 hours ago
ASML to offer employees €20,000 retention bonus for staying in 2027-2030
AMSTERDAM, July 20 : ASML, the largest maker of equipment used to manufacture computer chips, intends to offer employees a bonus worth €20,000 ($22,838.00) if they remain with the company between 2027 and 2030.The company confirmed the plan, first reported in Eindhovens Dagblad, on Monday in an em ...
2 hours ago
Google plans new chip to run Gemini models more efficiently, the Information reports
July 20 : Google is developing a new server chip that would incorporate elements of its Gemini model directly into the hardware, in a bid to serve its AI models more efficiently to users, the Information reported on Monday, citing people familiar with the matter.The Alphabet-owned company expects th ...
3 hours ago
Wall St opens higher as chips recover, megacap earnings loom
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Jul 20), as chip stocks recovered from last week’s pullback and investors...
3 hours ago
Boeing wins first Philippine Airlines order in two decades
The aircraft will be delivered from 2031
3 hours ago
US average gas price returns to US$4 a gallon as Iran crisis escalates
Brent crude rose above US$90 a barrel Monday, the highest in over a month
3 hours ago
Philippine Airlines signs for 15 Boeing 787s, with rights for five more
FARNBOROUGH, England, July 20 : Philippine Airlines confirmed 15 firm orders for Boeing 787-10s on Monday, with purchase rights for another five of the widebody jetliners. If the airline buys all 20, the deal is worth about $3.4 billion, based on estimated prices after discounts, according to IBA Gr ...
4 hours ago
UOB Private Bank hires Judy Chan as managing director for Hong Kong
Lin Daoyi - UOB Private Bank has appointed Judy Chan as managing director for its Hong Kong business. Chan will be based in Hong Kong and report to UOB Bank Head Chew Mun Yew, effective from July. In her role, she will oversee client coverage, team leadership and the delivery of tailored wealth solutions for hi ...
4 hours ago
Malaysia's IJM Corp mulls listing of core construction business
July 20 : Malaysia's IJM Corp said on Monday it was exploring listing its construction division, months after a failed bid from larger rival Sunway to take over the conglomerate.Here are some more details: • IJM, one of Malaysia's leading conglomerates, said that as part of the process, ...
4 hours ago
GDS Global secures $6 mil contracts involving supply and installation of insulated fire supply systems
Teo Zheng Long - GDS Global (SGX: 5VP ) announced that it has secured various new contracts with an aggregate value of around $6 million across different sectors such as public infrastructure, healthcare facilities, education institutions and industrial sectors. The company states that the new contracts primarily in ...
4 hours ago
Metro Holdings to reposition retail business, roll out new multi-concept stores
Teo Zheng Long - Following the strategic review of its retail business amidst operating challenges faced by Singapore’s retail sector, Metro Holdings Limited (Metro) (SGX: M01 ) announced that it will progressively transit from operating traditional large-format department stores towards a more flexible retail app ...
4 hours ago
US dollar drifts as US-Iran conflict intensifies; sterling inches higher
[LONDON] The US dollar was broadly steady on Monday (Jul 20) as cautious investors watched out for signals on the direction of...
4 hours ago
Dollar drifts as US-Iran conflict intensifies; sterling inches higher
[LONDON] The dollar was broadly steady on Monday (Jul 20) as cautious investors watched out for signals on the direction of the...
5 hours ago
New Batam-Singapore subsea cable to boost Asean digital ties ahead of regional framework pact
Tessa Oh - Nongsa-Changi Cable adds high-speed capacity between Batam and Singapore, bolstering the digital corridor
5 hours ago
Singapore stocks fall amid tech rout; STI down 0.2%
Mapletree PanAsia Commercial Trust leads the gainers on the blue-chip index
5 hours ago
Yeo’s CEO Ong Yuh Hwang to step down; Nestle’s Adrian Ho named successor
Low Youjin - Ho will take over his new role on Sep 1
5 hours ago
UK government, Bezos back CuspAI's $450 million round as startup seeks to discover new materials
July 20 : Britain's CuspAI said on Monday it has raised $450 million from investors including the UK government and Amazon founder Jeff Bezos' investment fund, as the startup looks to discover brand-new materials that could advance important industries, including chips. CuspAI also launche ...
5 hours ago
Bristol Myers buys Nvidia's latest AI computing system for drug research
NEW YORK, July 20 : Bristol Myers Squibb said on Monday it is buying the latest-generation computing system from chip company Nvidia to support its use of artificial intelligence across its drug discovery and development operations.The drugmaker said it will be the first life sciences company to buy ...
6 hours ago
Hut 8 signs $9.8 billion AI data center lease, fully commercializes Texas campus
July 20 : Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully commercializing its 1-gigawatt Beacon Point campus in Texas.Shares of the company, which have nearly doubled this y ...
6 hours ago
CICT to reconfigure parts of Paragon, including Metro space
Chong Xin Wei - The department store has expressed interest to remain in the Orchard Road mall under new retail concept stores
6 hours ago
Meta faces Tennessee trial over allegations Instagram was designed to be addictive
July 20 : Meta Platforms faces trial in Tennessee on Monday over the state's claims that Instagram's design is to blame for a youth mental-health crisis, one of several trials in the coming weeks testing allegations that the company's social media platforms were intentionally built to ...
6 hours ago
AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products
BRUSSELS, July 20 : Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued by the European Commission under the EU' ...
6 hours ago
How PayPal went from Wall Street favorite to unwilling merger target
July 20 : Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like. What happens next?The company synonymous with digital payments this pa ...
6 hours ago
DeepSeek founder’s fund slumps 16% as AI rout hits China quants
Liang Wenfeng’s Zhejiang High-Flyer Asset Management loses 15.7% in the week ended Jul 17
6 hours ago
CICT says Paragon reviewing opportunities for AEIs
The Edge Singapore - Since the completion of the acquisition by CapitaLand Integrated Commercial Trust (CICT) on July 1, Paragon has been actively reviewing short- and medium-term enhancement initiatives aimed at future-proofing the mall’s positioning, says the REIT manager on July 20. "As part of these ongoing i ...
7 hours ago
Hong Kong stock listing boom rumbles towards six-year high
High-tech firms debuting in the city form a new ecosystem of stocks on top of the old guard of internet firms, says...
7 hours ago
Malaysia data centre boom enters ‘reset mode’ as resource, funding realities bite: S&P
Shikhar Gupta - Data centres are projected to use nearly 31% of Malaysia’s available energy capacity by 2035
8 hours ago
Oil reverses as Iranian comments interpreted as chance for fresh negotiations
July 20 : Oil prices reversed early gains on Monday after Iran's foreign ministry said negotiations with the U.S. could be pursued based on national interests.Benchmark prices had earlier touched more than one-month highs on concern over disruption to shipments through the Strait of Hormuz.Bren ...
8 hours ago
Oil prices extend gains on escalating Middle East hostilities
July 20 : Oil prices rose on Monday to their highest in more than a month, with Brent crude climbing above $90 a barrel as escalating hostilities between the U.S. and Iran restricted oil shipments through the Strait of Hormuz.Brent crude futures were up $1.03, or 1.17 per cent, at $89.13 a barrel by ...
8 hours ago
Oil reverses as Iran raises hopes of fresh negotiations
July 20 : Oil prices reversed early gains on Monday after Iran's foreign ministry said negotiations with the U.S. could be pursued based on national interests.Benchmark prices had earlier touched more than one-month highs on concern over disruption to shipments through the Strait of Hormuz.Bren ...
8 hours ago
Oil steadies as hopes of renewed US-Iran negotiations offset Houthi threat
July 20 : Oil prices were steady on Monday, pulling back from earlier highs as price pressure from hopes of renewed U.S.-Iran negotiations was countered by Yemen's Houthis declaring a naval blockade against Saudi Arabia.Benchmark prices had earlier touched more than one-month highs on concern o ...
8 hours ago
HKEX reviews trading hours to boost market access
July 20 : Hong Kong Exchanges and Clearing (HKEX) is reviewing opportunities to enhance market accessibility, including the trading hours of its markets, a spokesperson said on Monday."HKEX is committed to continuously enhancing Hong Kong's competitiveness as an international financial cen ...