51 minutes ago
European stocks slip as Middle East tensions persist; earnings watched
Global markets have recouped most losses in April following the sharp sell-off after the US and Israel war on Iran
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
60 minutes ago
S&P, Nasdaq close at records on Iran ceasefire extension, earnings
A strong start to earnings season has eased concerns about the health of the US consumer despite rising energy prices from the...
2 hours ago
Trading Day: Nasdaq hits new high
ORLANDO, Florida, April 22 : U.S. stocks surged on Wednesday, with the Nasdaq setting a new high and the S&P 500 a new closing high, as tech and earnings optimism outweighed Brent crude's return above $100 a barrel and concerns that peace in the Middle East is proving elusive. In my column ...
3 hours ago
ServiceNow flags Middle East deal delays, shares crash
April 22 : ServiceNow reported on Wednesday that delays in closing several large deals in the Middle East hurt first-quarter subscription revenue growth, sending its shares down 13 per cent in extended trading.The company said its subscription revenue growth faced about a 75-basis-point headwind fro ...
3 hours ago
ServiceNow's quarterly subscription revenue growth hit by Middle East conflict, shares fall
April 22 : ServiceNow said on Wednesday its first-quarter subscription revenue growth was impacted by the delayed closure of several large deals due to the ongoing conflict in the Middle East region, sending its shares down 14 per cent in extended trading.The company, like its peers, is also facing ...
3 hours ago
IBM tops quarterly estimates on hybrid cloud growth
April 22 : IBM beat first-quarter profit estimates on Wednesday as artificial intelligence adoption boosted demand for its software services used for managing large amounts of data and automating IT processes.However, shares of the company were down about 6 per cent in extended trading.Enterprise de ...
3 hours ago
IBM revenue growth slows amid AI concerns; shares fall
April 22 : IBM's revenue growth slowed in the first quarter on sluggishness in its software business, fanning fears of disruption from artificial intelligence tools and sending its shares down 6 per cent after hours on Wednesday.Concerns that AI tools will eat into the software business have gr ...
3 hours ago
TI projects upbeat quarterly results on strong industrial, data center chip demand
April 22 : Texas Instruments forecast second-quarter revenue and profits above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips amid the data center boom, sending its shares up over 8 per cent in extended trading. Tech firms have been spending aggressively t ...
4 hours ago
Goldman Sachs settles shareholder lawsuit over 1MDB scandal
NEW YORK, April 22 : Goldman Sachs has agreed to settle a lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian fund that became embroiled in a corruption scandal.In a letter filed on Wednesday in Manhattan federal court, Goldman and the lead plaintiff ...
4 hours ago
TSMC shows smaller, faster chips without a pricey new tool from ASML
SANTA CLARA, California, April 22 : Taiwan Semiconductor Manufacturing Co on Wednesday showed its newest generation of chip manufacturing technology, saying it expects to be able to create smaller, faster chips without requiring expensive new machines from ASML.TSMC, the global giant that makes chip ...
4 hours ago
TSMC plans to open chip packaging plant in Arizona by 2029, executive says
SANTA CLARA, California, April 22 : Taiwan Semiconductor Manufacturing Co plans to open a chip packaging plant in Arizona by 2029, an executive told Reuters.Modern artificial intelligence chips, such as those made by Nvidia, are not single chips but several chips glued together with advanced packagi ...
4 hours ago
Exclusive-Ghana directs Newmont, AngloGold, Zijin to shift mining ops to local firms by December, sources say
DAKAR, April 22 : Ghana's mining regulator has given international companies Newmont, AngloGold Ashanti and Chinese-owned Zijin until December 2026 to shift mining operations over to local contractors or face sanctions, according to five sources with direct knowledge of the matter and documents ...
5 hours ago
UK financial sector prepared for Mythos and others, says BoE co-chaired group
LONDON, April 22 : The Bank of England and other financial services representatives on Wednesday said the sector was prepared for developments around Anthropic's Mythos artificial intelligence model and other emerging frontier AI models.Mythos is viewed by cybersecurity experts as posing signif ...
5 hours ago
Exclusive-Thoma Bravo nears agreement to turn software firm Medallia over to creditors, sources say
NEW YORK, April 22 : Private equity firm Thoma Bravo is nearing an agreement to hand over software firm Medallia to its lenders, wrapping up months of restructuring negotiations, according to two people familiar with the matter.The move will wipe out $5.1 billion in equity for Thoma Bravo and its co ...
5 hours ago
LinkedIn names insider Daniel Shapero as new CEO
April 22 : Microsoft's LinkedIn named Chief Operating Officer Daniel Shapero as its new CEO, tapping a veteran of the professional networking site to lead it through an era of AI-driven change.Shapero, who joined LinkedIn in 2008 as a general manager for the LinkedIn Research Network, will repl ...
5 hours ago
Explainer-How Deutsche Telecom and T-Mobile US could pull off the world's biggest M&A deal
LONDON/BERLIN, April 22 : Deutsche Telekom is exploring a possible tie-up with T-Mobile US to create a $300 billion telecoms giant, sources said, in what would overtake Vodafone-Mannesmann's $203 billion merger in 1999 to become the biggest M&A deal ever.The German group already controls 53 ...
6 hours ago
Microsoft to integrate Anthropic's Mythos into its security development program
April 22 - Microsoft said on Wednesday it plans to embed advanced artificial intelligence models, including Anthropic's Claude Mythos Preview, into its secure coding framework, as the company steps up its cybersecurity capabilities.Incorporating the models into Microsoft's Security Develop ...
7 hours ago
EU may let startups claim innovation benefits in M&A if Big Tech not involved
BRUSSELS, April 22 : Startups claiming innovation benefits for their deals will likely secure speedy EU antitrust approval, but not if Big Tech is involved, a draft revamp of merger rules due to be announced in the coming weeks shows.The overhaul, the first in more than two decades, came after telec ...
7 hours ago
Nanofilm’s 1QFY2026 revenue up 24% y-o-y to $55 mil
Teo Zheng Long - For 1QFY2026 ended March 31, Nanofilm’s (SGX: MZH ) revenue saw an increase of 24% y-o-y to $55 million, driven by advanced materials consumer (AMC) under the advanced materials business unit (AMBU). Nanofilm states that AMBU continues to be the largest revenue contribution, which accounts for 89% ...
8 hours ago
Nvidia-backed VAST Data valued at $30 billion in latest funding round
April 22 : VAST Data said on Wednesday it was valued at $30 billion in its latest funding round, growing more than threefold since 2023, helped by strong interest in companies that build the infrastructure needed for artificial intelligence.The New York-based company, which is backed by Nvidia, said ...
8 hours ago
Ping-pong robot Ace makes history by beating top-level human players
April 22 : An autonomous robot ping-pong player dubbed Ace has achieved a milestone for AI and robotics in Tokyo by competing against and sometimes defeating top-level human players at table tennis, a feat that could presage an array of other applications for similarly adept robots.Ace, created by t ...
8 hours ago
Volvo Cars says demand for new EX60 electric SUV exceeds expectation
It expects to build up to 40,000 cars
9 hours ago
Italy is euro zone laggard on AI usage, official data shows
ROME, April 22 : Italy has one of the lowest rates of artificial intelligence use in Europe, data showed on Wednesday, highlighting a broader shortfall in digital skills in the euro zone's third-largest economy.Just 19.9 per cent of Italians aged 16 to 74 used artificial intelligence tools last ...
9 hours ago
Wall Street opens higher on ceasefire extension relief
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 22) after US President Donald Trump extended the ceasefire with Iran,...
9 hours ago
Kin Global’s public offer of 1 million shares 29.5 times subscribed at S$0.23 a share
Derryn Wong - The sports management company’s invitation also includes 23.9 million placement shares
9 hours ago
Honeywell's Quantinuum confidentially files for US IPO
April 22 : Industrial giant Honeywell said on Wednesday its quantum computing company, Quantinuum, has confidentially filed paperwork for a U.S. initial public offering.The firm, majority owned by Honeywell, had submitted papers with the U.S. Securities and Exchange Commission in February.Honeywell ...
9 hours ago
Gaming industry could unlock $22 billion in profits on AI-driven cost cuts, says Morgan Stanley
April 22 : Advanced artificial intelligence tools could help cut down video game developing costs by nearly half, potentially unlocking about $22 billion in annual profits for game makers worldwide, Morgan Stanley analysts said.The adoption of AI tools to automate tasks such as creating gaming envir ...
9 hours ago
Traders place $430 million bet on lower oil price before Trump ceasefire extension
LONDON, April 22 : Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran on Tuesday. It is the third time this month, and the fourth in total, that large, well-timed directional bets ...
10 hours ago
CICT leans on ‘bold acquisitions’ and asset recycling to drive growth
Ry-Anne Lim - Manager says it has not shied away from bold moves to upgrade portfolio amid AGM questions on Paragon’s S$3.9 billion acquisition
10 hours ago
Boeing posts smaller-than-expected quarterly loss as recovery gains traction
The aerospace giant posted a US$7 million net loss for the quarter
10 hours ago
Moody's profit rises on strong analytics growth, lifts annual forecast
Revenue from the analytics segment rose 8% to US$926 million
10 hours ago
Oiltek to ‘actively review’ capital structure after stock-split query
Therese Soh - It responds after shareholder points out current high cost of agritech firm’s shares may ‘dampen market participation and trading momentum’
10 hours ago
From paint to planes, Iran war lifts costs, darkens outlooks
LONDON, April 22 : Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is driving up costs, disrupting supply chains and hurting consumer confidence, clouding financial outlooks.The cautious tone so far in the quarterly earnings season highlight ...
10 hours ago
From paint to flights, Iran war lifts costs, darkens outlooks
LONDON, April 22 : Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is driving up costs, disrupting supply chains and hurting consumer confidence, clouding financial outlooks.The cautious tone in the earnings season highlights the pressure on ...