Business Headlines & Singapore Stock Market News

1 hour ago

Mercedes, GIC to back autonomous driving firm Momenta’s Hong Kong IPO: sources

The firm is targeting to raise about US$750 million to US$800 million from the offering

1 hour ago

Apple seeks approval to buy chips from blacklisted Chinese company: FT

The iPhone maker lobbies White House for relief to ease financial pressure from rising memory chip prices

3 hours ago

Bosch CEO unexpectedly steps down after leading a massive job cut push

The 60-year-old Stefan Hartung requests to leave to pursue new social commitments and entrepreneurial tasks

3 hours ago

Gold climbs above US$4,000 as inflation print curbs rate-hike bets

Spot gold rose as much as 1.7% on Friday, adding to a gain in the previous session

4 hours ago

US allows Anthropic to release Mythos to ‘trusted partners’

More than 100 companies and institutions will now have access to Mythos 5

5 hours ago

More cash, not less digital – expanded cash access does not signal retreat from Singapore’s payments push

Tan Nai Lun - Observers note that cash still has a role in building consumer confidence amid scams and fraud

5 hours ago

US strikes Iran in response to attack on cargo ship in Strait of Hormuz

Before the renewed outbreak of violence, oil prices dropped by about 3% on Friday, on course for steep weekly losses

5 hours ago

SpaceX set to join Nasdaq 100, paving way for wave of passive buying

June 26 : SpaceX will be added to the tech-heavy Nasdaq 100 index on July 7, exchange operator Nasdaq confirmed on Friday, paving the way for a surge in passive investments in Elon Musk's rocket and AI giant.Inclusion in the index typically boosts the stock price, as exchange-traded funds looki ...

6 hours ago

European shares slip as tech sell-off bites, Zalando slides

The benchmark STOXX 600 marks modest weekly gains

6 hours ago

The future of media in the digital age (Part 6 of 9): Why some media companies survived digital, while others did not

Tong Kooi Ong + Asia Analytica - It has been nine years since we first started writing the series on “The Future of Media in the Digital Age” and the prognosis and predictions we made then. It is time to review what has transpired since, and why. What seems logical and rational can be proven to be wrong. Many predicted then tha ...

6 hours ago

The future of media in the digital age: A recap of Parts 1 to 5

Tong Kooi Ong + Asia Analytica - Part 1: Go digital or die. Is print media really dying? (Nov 27, 2017)Print media is in structural decline due to digital disruption. The internet has replicated and surpassed newspapers: instant, free, personalised and near-zero cost. Advertising — the industry’s lifeblood — has shifted decis ...

6 hours ago

Oil futures market was right, as expected

Tong Kooi Ong + Asia Analytica - Since the start of the US-Israel-Iran war, we have been inundated with near-daily predictions of an imminent energy catastrophe by news commentators, analysts and experts alike — pointing to the loss of critical oil supply passing through the Strait of Hormuz, which carries roughly 20% of global o ...

6 hours ago

S&P 500 ends lower; chips tumble and Moderna rallies

The chip index loses 7.9% for the week, its worst week since early April

7 hours ago

SpaceX, Charter discuss mobile phone partnership in US, Bloomberg News says

June 26 : SpaceX and internet provider Charter Communications have held executive-level talks about partnering on a consumer mobile phone offering in the United States, Bloomberg News reported on Friday, citing sources.• SpaceX already offers direct-to-cell connectivity with T-Mobile in the U.S., ...

7 hours ago

SpaceX, Charter discussed mobile phone partnership in US, Bloomberg News reports

7 hours ago

US seizes nearly 400 websites that were illegally streaming World Cup, DOJ says

WASHINGTON, June 26 : The United States has seized nearly 400 internet domains that were being used to illegally stream the World Cup, officials said on Friday, describing the move as one meant to disrupt international networks profiting from the popularity of the tournament.The U.S. Justice Departm ...

7 hours ago

US allows Anthropic to release Mythos to some US companies

June 26 : The U.S. government on Friday allowed Anthropic to release its powerful Claude Mythos 5 AI model to some "trusted partners", according to a Commerce Department letter seen by Reuters.More than 100 companies and institutions have access to Mythos 5, including many Fortune 500 comp ...

8 hours ago

Commentary: Micron’s huge AI windfall is bad news for most of us

Besides having to pay more for your next iPad or Nintendo Switch, soaring chip prices potentially come with other big downsides, says Chris Bryant for Bloomberg Opinion.

8 hours ago

GameStop pledges to pursue its takeover offer for eBay despite rejection

June 26 : GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.The company also said in a short regulatory filing that this year's earnings will be strong, ...

8 hours ago

Ryan Cohen-led GameStop pledges to pursue its takeover offer for eBay

June 26 : GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.GameStop CEO Ryan Cohen had surprised Wall Street with the offer to buy eBay in May to turn it in ...

8 hours ago

Zuckerberg asks Meta to explore working with Polymarket and Kalshi, NYT reports

June 26 : Meta CEO Mark Zuckerberg has urged his lieutenants to explore partnerships with the popular prediction markets Polymarket and Kalshi as his company builds a similar app, the New York Times said on Friday, citing three employees with knowledge of the matter. Meta and Kalshi did not immediat ...

9 hours ago

US launches new Chinese tech crackdown, will ban some imports

WASHINGTON, June 26 : The U.S. Federal Communications Commission on Friday said it will ban the import of equipment from a group of Chinese manufacturers, the latest move by Washington to crack down on Chinese-made electronic gear.The FCC in 2022 previously barred approvals of new models of telecomm ...

9 hours ago

US bans imports of more Chinese technology goods

WASHINGTON, June 26 : The U.S. Federal Communications Commission on Friday said it will ban the import of more equipment from a group of Chinese manufacturers, the latest move by Washington to crack down on Chinese-made electronic gear.The move expands an FCC ban imposed in 2022 on new models of tel ...

11 hours ago

EU defends digital tax approach, says ready to act if Trump takes measures

BRUSSELS, June 26 : The European Commission said on Friday the EU and its member states have the sovereign right to regulate economic activity, responding to U.S. President Donald Trump's threats over digital taxes."Any taxes are non-discriminatory by design and apply equally to all large ...

13 hours ago

OpenAI defers public rollout of GPT‑5.6 as US seeks early access to frontier AI models

June 26 : OpenAI said on Friday it was delaying a full public launch of GPT‑5.6 at the U.S. government's request, limiting the AI model's initial access to a small group of vetted partners whose details were shared with the authorities.The decision underscores growing concern in Washingt ...

15 hours ago

Prediction market platform Polymarket tops $1 billion in annualized revenue, source says

June 26 : Polymarket's annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets as retail investors flock to trade on everything from elections and sports to financial events. Here are some details: ...

15 hours ago

Falling energy prices won't defuse rising risk of civil unrest in emerging markets

(Refiles story to fix format, no change to text)By Colleen GokoJOHANNESBURG, June 26 : A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to hous ...

16 hours ago

Polestar barred from future US sales under Chinese tech rules

The rules are designed to block connected vehicles with Chinese software, hardware or ownership ties on national security grounds

16 hours ago

XMH Holdings proposes 11 cents total dividends as earnings jump 24.9% y-o-y to $31.9 mil, announces share split

Lin Daoyi - Marine engine distributor XMH Holdings announced $31.9 million in profit after tax for FY2026 ended April 30, in a bourse filing on June 26. This represents a y-o-y increase of almost 25%. Earnings per share stood at 28.79 cents, up from the previous year’s 23.29 cents. Revenue increased by nearly ...

16 hours ago

Wall St opens lower as chip stocks resume slide

[NEW YORK] Wall Street’s main indexes fell on Friday (Jun 26), as chipmakers came under renewed selling pressure after a stellar run...

16 hours ago

Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in

Chloe Lim - With its primary business sold away and stock price flagging, its continued public listing has come into question

17 hours ago

BOE sees weather as new inflation risk while London sizzles

As LONDON bakes in record-breaking sunshine, Bank of England officials are beginning to fret that, as one supply shock dissipates, the weather...

17 hours ago

Diverted freight, bad weather cause congestion in Singapore port

Tay Peck Gek - PSA observes higher vessel arrival volumes, says conditions are expected to be temporary

17 hours ago

Aoxin Q&M Dental applies to move listing from Catalist to Mainboard

Teo Zheng Long - Aoxin Q&M Dental Group (SGX: 1D4 ) announced that it has submitted an application to the Singapore Exchange on June 26 on the proposed transfer of its current listing from Catalist to Mainboard. In the June 26 announcement, Aoxin states that it has achieved a consolidated profit before tax of ar ...

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers