3 hours ago
F&B scams in Singapore: More fake restaurant websites take bookings, online orders
[SINGAPORE] More scams have hit the F&B industry this festive season, putting several affected business operators on high alert to minimise damage.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
4 hours ago
Tesla executives say company is hiring to support Musk’s expanded solar strategy
[LOS ANGELES] Tesla is hiring to support founder Elon Musk’s recently announced plan to become the biggest US manufacturer of solar energy...
5 hours ago
China central bank keeps buying gold as bull run hits brakes
[BEIJING] China’s central bank extended its gold-buying streak to 15 months, underscoring resilient official demand as bullion’s record-breaking rally was hit by...
6 hours ago
China's central bank buys gold for 15th consecutive month
Gold, long seen as a safe-haven asset to hedge against political and economic risks, saw a wild run in a speculative buying spree in January that took it to a record near US$5,600 per ounce.
6 hours ago
Investors look beyond US hedge funds for the first time since 2023: Barclays
[LONDON] Investor interest in US hedge funds is waning for the first time since 2023, with talk of a “Sell America” trade...
7 hours ago
When skills beat degrees in an AI economy
Lindsay Wong - Hiring in Singapore has long revolved around paper qualifications despite efforts to make them less relevant. While nearly 80 per cent of the country’s job postings...
8 hours ago
Crypto firm accidentally sends $44 billion in bitcoins to users
SEOUL, Feb 7 : South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange.Bithumb apologised for the mistake, which took place on Friday, and said ...
8 hours ago
South Korean crypto firm accidentally sends US$44 billion in bitcoins to users
Bithumb had planned to distribute small cash rewards of 2,000 Korean won (US$1.37) to each user as part of a promotional event, but winners received at least 2,000 bitcoins each instead.
9 hours ago
Anthropic’s more than $20 billion funding to close as soon as next week, Bloomberg News reports
Feb 6 : AI startup Anthropic is ironing out the final details on a funding round likely to raise more than $20 billion and slated to close as soon as next week, Bloomberg News reported on Friday, citing sources.Reuters could not immediately verify the report. The company did not immediately respond ...
9 hours ago
My views on laws such as detention without trial have evolved: K Shanmugam at his book launch
[SINGAPORE] As a young backbencher Member of Parliament, K Shanmugam had raised concerns about Singapore’s laws on detention without trial.
9 hours ago
Oil prices climb on worries of possible Iran-US conflict
[HOUSTON] Oil prices settled higher on Friday (Feb 6), reversing earlier losses as traders worried that this week’s talks between the US...
10 hours ago
Europe: Stoxx 600 rebounds in broad based gains; Stellantis plunge drags auto stocks
[BENGALURU] Europe’s benchmark share index rose on Friday (Feb 6) in a largely broad-based rebound from the prior session’s losses, as investors...
10 hours ago
US: Dow closes above 50,000, Nvidia soars as traders focus on AI spending
[SAN FRANCISCO] The Dow Jones Industrial Average blew past the historic 50,000 mark on Friday (Feb 6) and the S&P 500 ended...
11 hours ago
Markets rise when merit is recognised
Tong Kooi Ong + Asia Analytica - The Securities Commission Malaysia is slated to unveil the Capital Market Masterplan 4 this year. The CMP4 will set out the road map for the Malaysian capital market over the next 20 years, with the initial five-year action plan covering 2026 to 2030. It is expected that initiatives and rule changes ...
11 hours ago
Base MHIT plan by Bank Negara Malaysia — a step in the right direction
Tong Kooi Ong + Asia Analytica - Last month, Bank Negara Malaysia released a White Paper on the proposed Base MHIT (Medical and Health Insurance/Takaful) Plan as part of the RESET strategy. RESET is a private healthcare reform framework led by the Ministry of Finance (MoF), Ministry of Health (MoH) and Bank Negara to tackle rising ...
11 hours ago
The best investment in your 20s isn’t your portfolio
Why early retirement advice misses what actually compounds
12 hours ago
Palmer Luckey-backed Erebor receives US national banking charter, WSJ reports
Feb 6 : Crypto-focused Erebor Bank became the first bank to receive a national bank charter during the second term of the Trump administration, the Wall Street Journal reported on Friday.The approval allows the Palmer Luckey-backed entity to operate as a bank nationwide, and occurred less than eight ...
12 hours ago
NFL to talk with partners outside of core media for live games, CNBC reports
Feb 6 : The National Football League plans to hold discussions with non-traditional media outlets about the possible sale of rights to a live game, its media chief Hans Schroeder told CNBC Sport on Friday."We have other people that are both partners in a smaller sense — maybe not a full packa ...
12 hours ago
Bitcoin rallies, tops $70,000 as risk assets stabilize
NEW YORK/LONDON, Feb 6 : Bitcoin climbed back above $70,000 on Friday, after sinking to a 16‑month low earlier, lifted by a sharp rebound in technology shares and precious metals following a global rout that had hammered a broad swathe of risk assets.The world's largest cryptocurrency was las ...
13 hours ago
Commentary: There are good reasons to be cheerful about global trade
US President Donald Trump’s tariff campaign hasn’t yet derailed the global trade system, which has shown enough flexibility to adapt, says the Financial Times’ Alan Beattie.
13 hours ago
Dollar heads for weekly rise, yen slumps ahead of Japan's election
NEW YORK, Feb 6 : The dollar slipped from two-week highs on Friday, returning some safe-haven gains as risk assets rebounded from a deep rout driven by concerns over a surge in AI-related spending this year.Even so, the buck remained on track for a weekly rise and trimmed earlier losses against th ...
14 hours ago
Vista Equity Partners and Intel to lead investment in AI chip startup SambaNova, sources say
(Refile with company name in the headline in one word without the space)By Milana Vinn and Krystal HuFeb 6 : Private equity firm Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its trad ...
14 hours ago
Exclusive-Vista Equity Partners and Intel to lead investment in AI chip startup Samba Nova, sources say
Feb 6 : Private equity firm Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its traditional focus on enterprise software, according to people familiar with the matter. Vista, through a ...
14 hours ago
Apple plans to allow external voice-controlled AI chatbots in CarPlay, Bloomberg News reports
Feb 6 : Apple is preparing to allow voice-controlled artificial intelligence apps from other companies in CarPlay, Bloomberg News reported on Friday, citing people familiar with the matter.The change represents a strategic shift for Apple, which, until now, has only allowed its own Siri assistant as ...
15 hours ago
US Justice Department casts wide net on Netflix's business practices in merger probe, WSJ reports
Feb 6 : The U.S. Department of Justice is investigating whether Netflix has engaged in anti-competitive tactics as part of the streaming giant's proposed acquisition of Warner Discovery's studios and streaming service, the Wall Street Journal reported on Friday.In a civil subpoena viewed b ...
16 hours ago
Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
Feb 6 : Goldman Sachs is working with technology startup Anthropic to develop AI-powered agents aimed at automating a widening range of internal functions, CNBC reported on Friday, citing the bank’s chief information officer.Goldman Sachs confirmed the accuracy of the report.The Wall Street bank h ...
17 hours ago
Amazon shares plunge as AI costs climb
Strong sales fail to calm market fears over soaring AI and infrastructure spending.
17 hours ago
Stocks, bitcoin rally, regaining some lost ground with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge rallied 1.5 per cent on Friday for its strongest advance in months, after falling in five of the prior six sessions, while bitcoin also bounced from a sharp selloff and spot gold and silver prices regained some lost ground.Oil prices settle ...
17 hours ago
Stocks, bitcoin regain some ground along with precious metals
NEW YORK/ LONDON, Feb 6 : MSCI's global equities gauge was advancing solidly on Friday after falling in five of the last six sessions, while bitcoin also attempted a comeback from its sharp selloff and spot gold and silver attempted to regain some lost ground.Oil prices were choppy on Friday as ...
17 hours ago
Big Tech's quarter in four charts: AI splurge and cloud growth
Feb 6 : U.S. tech giants have predicted their spending would surge this year as they double down on artificial intelligence, sharpening investor scrutiny over whether these costly bets would generate enough returns to justify the sector's high valuations.The group - including Alphabet, Microsof ...
19 hours ago
Amazon shares slide as US$200 billion outlay fans fears over AI returns
Big tech’s massive AI spending hike surprises analysts, raising doubts over whether returns can keep pace
19 hours ago
China flexes its muscle at Singapore Airshow as US isolated
Beijing sharpening its bid for influence in South-east Asia
20 hours ago
TikTok accused of breaching EU online content rules
EU tech regulators say the app may have to change its ‘addictive design’ featuring infinite scroll and autoplay
20 hours ago
AI trade splinters as investors get more selective
LONDON, Feb 6 : The global AI trade is starting to fracture as soaring capex, rising debt loads and doubts over who will profit from the technology force investors to draw sharper lines. Markets are now splitting across stocks, sectors and even regions.When ChatGPT launched in November 2022, anythin ...