1 hour ago
Huawei posts slower annual revenue growth of 2.2%
The 2025 result marks the company’s second-highest annual revenue
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
Tether cuts two gold traders hired three months ago, source says
LONDON, March 31 : Tether has let go two senior precious metals traders it hired from HSBC only three months ago, a source with direct knowledge of the matter told Reuters on Tuesday.El Salvador-headquartered Tether cut the roles as spot gold prices headed for their steepest monthly drop since the 2 ...
1 hour ago
Reclaims Global reports higher earnings of $6.8 million for FY2026, up 23% y-o-y
Teo Zheng Long - Reclaims Global (SGX: NEX ) has reported a 23% y-o-y increase in net profit to $6.8 million for FY2026, ended Jan 31, 2026. Revenue saw a growth of 4.8% y-o-y to $46.5 million, mainly driven by stronger market demand for the excavation services and logistics and leasing segments. For FY2026, Reclaim ...
2 hours ago
Tech giant Sea to donate S$50m to boost football development in Singapore
Sea, which runs e-commerce platform Shopee, said it will work closely with the government and the football community to deploy the funds effectively.
2 hours ago
Wall St opens higher on Mideast de-escalation hopes; monthly losses loom
[NEW YORK] Wall Street’s main indexes opened higher on Tuesday (Mar 31), as markets welcomed a report signalling potential de-escalation in the...
2 hours ago
Meta to limit PG-13 rating use for teen accounts in Motion Picture Association deal
WASHINGTON, March 31 : Meta agreed to limit references to the PG-13 film rating when describing accounts for teens, the company and the Motion Picture Association said in a statement on Tuesday.
3 hours ago
Meta unveils two $499 Ray-Ban smart glasses for prescription users
March 31 : Meta Platforms launched two new Ray-Ban prescription smart glasses on Tuesday, expanding its offerings in an area that has become one of the few breakthrough successes in the race for artificial intelligence-powered gadgets.The new glasses, which are available for pre-order in the U.S. st ...
3 hours ago
Meta unveils two Ray-Ban smart glasses for prescription wearers starting at $499
March 31 : Meta Platforms launched two new Ray-Ban prescription smart glasses on Tuesday, expanding its offerings in an area that has become one of the few breakthrough successes in the race for artificial intelligence-powered gadgets.The new glasses, which are available for pre-order in the U.S. st ...
3 hours ago
TCL to buy majority stake in Sony’s home entertainment
The Chinese company will pay 75.4 billion yen for a 51% stake in the new joint venture
3 hours ago
OCBC to trim interest rate for flagship 360 Account from May 1
Therese Soh - The first S$100,000 will earn 4.45% per annum, down from the current 5.45%, when the change kicks in
3 hours ago
NTT DC REIT renews master lease for SG1 at 23% increase in rent
The Edge Singapore - NTT DC REIT has successfully renewed the SG1 master services agreement dated March 31 between NTT Global Data Centers SG1 LLP, a wholly-owned subsidiary of NTT DC REIT, and NTT Singapore, an indirect wholly-owned subsidiary of NTT. SG1 is located on 51 Serangoon North Avenue 4. The renewed SG1 Maste ...
3 hours ago
Microsoft plans over US$1 billion cloud, AI investment in Thailand
"Our ambition is for Thailand to grow as a regional driving force in Asia's digital and AI economy," Thai Prime Minister Anutin Charnvirakul said.
4 hours ago
Nvidia bets $2 billion on Marvell as rising AI adoption fuels competition
March 31 : Nvidia has invested $2 billion in Marvell Technology as part of efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia's networking gear and central processors.Shares of Marvell rose more than 9 per cent in ...
4 hours ago
Nvidia invests $2 billion in Marvell, launches AI partnership
March 31 : Nvidia has invested $2 billion in Marvell Technology, and Marvell will join the Nvidia AI ecosystem, the companies said on Tuesday.Shares of Marvell rose nearly 12 per cent, while Nvidia shares were up 1.5 per cent in premarket trading.The tie-up makes it easier for Marvell to design cust ...
4 hours ago
CDL CEO Sherman Kwek’s FY2025 pay jumps 71% to S$5.1 million as group profit triples
Ry-Anne Lim - Executive chairman Kwek Leng Beng’s pay is also up, rising 24% year on year to S$7.4 million
5 hours ago
Singapore shares fall amid Trump’s latest threats; STI down 0.2%
Ranamita Chakraborty - The iEdge Singapore Next 50 Index also retreats 0.2% to 1,453.06 points
5 hours ago
Microsoft faces second major UK investigation over cloud licensing
LONDON, March 31 : Britain's competition regulator said on Tuesday it would again investigate Microsoft’s software‑licensing practices in the cloud market as part of a broader probe, months after declining to act on earlier findings.Last year a Competition and Markets Authority inquiry grou ...
5 hours ago
UK to launch antitrust probe into Microsoft's business software
LONDON, March 31 : Britain's competition regulator said on Tuesday it would launch a new investigation into Microsoft's business software ecosystem in May, including its use of software licensing in the cloud market.A Competition and Markets Authority's inquiry group said last year th ...
5 hours ago
Amazon, Delta team up for in-flight Wi-Fi, challenging Musk's Starlink
CAPE CANAVERAL, March 31 : Amazon's Leo satellite internet unit signed a deal with Delta Air Lines to provide in-flight Wi-Fi on 500 of the airline's planes starting in 2028, inking its second major partnership in the skies as it races to launch more satellites and take on Elon Musk's ...
5 hours ago
French consumer group sues Ubisoft over shutdown of online game 'The Crew'
March 31 : France's leading consumer association, UFC-Que Choisir, said on Tuesday it had filed a lawsuit against Ubisoft before a French tribunal after the video game developer shut down its online racing game "The Crew".The company delisted the title from digital marketplaces in Dec ...
5 hours ago
China's Zhipu posts 132% rise in annual revenue on AI boom
Revenue rose more than 100% to 533.9 million yuan (S$99.8 million) in 2025
5 hours ago
JD.com-backed group picks banks for IPO of Singapore Reit: sources
The listing, which could raise about S$1 billion, may take place as soon as this year
5 hours ago
India’s IndiGo names Iata head Willie Walsh as new CEO
Walsh is expected to join IndiGo no later than Aug 3
6 hours ago
Global equities rise; oil on track for record monthly gain
NEW YORK/PARIS, March 31 : Global shares rose on Tuesday and Brent crude oil prices were poised for a record monthly increase, as traders came to the end of a tumultuous March dominated by the Iran war.Iran attacked a fully-loaded oil tanker off Dubai early on Tuesday after President Donald Trump wa ...
6 hours ago
Stocks rise, bonds steady, oil on track for record monthly gains
PARIS, March 31 : European shares rose on Tuesday but were still on track for their worst month since 2022, while oil prices were set for a record monthly increase, as traders came to the end of a tumultuous March dominated by the Iran war.Iran attacked a fully-loaded oil tanker off Dubai early on T ...
6 hours ago
European stocks gain on hopes for Iran de-escalation, oil set for record monthly rise
PARIS, March 31 : European shares eked out small gains in morning trading on Tuesday but were still on track for their worst month since 2022, while oil prices were set for a record monthly rise, as traders came to the end of a tumultuous March dominated by the Iran war.Iran attacked a fully-loaded ...
6 hours ago
Analysis:US tech stocks struggle for safe haven appeal in Iran market fallout
NEW YORK, March 31 : Technology shares are struggling to act as safe havens in the turbulence wrought by the Iran conflict - and that could be a big problem for the broader U.S. stock market.Tech and other megacap tech-related stocks have led U.S. equity indexes higher during much of a bull run that ...
6 hours ago
World Gold Council, London Bullion Market Association work together to classify gold as HQLA
The Edge Singapore - The World Gold Council (WGC) and the London Bullion Market Association (LBMA) are working together to for the advancement of gold as a high-quality liquid asset (HQLA). HQLAs are are unencumbered assets that banks hold to ensure they can be easily and immediately converted into cash at little or no ...
6 hours ago
FX payments startup OpenFX raises $94 million amid cross-border stablecoin push
NEW YORK, March 31 : OpenFX, a startup that focuses on foreign-exchange market making and remittances, on Tuesday raised $94 million in a funding round led by several venture capital firms, as the company looks to use stablecoins to speed up cross-border payments.The capital raise, which was led by ...
6 hours ago
Water filter firm AOX rapped for misusing consumer watchdog’s logo
AOX had claimed that the Competition and Consumer Commission of Singapore verified its product-related findings.
6 hours ago
Yangzijiang Shipbuilding bags US$980 million in vessel contracts in Q1
Paige Lim - The group’s outstanding order book stands at about US$22.8 billion
6 hours ago
Ping An bets on AI to add US$174 billion to underperforming stock
A gateway linking 500 banking, insurance, and healthcare services sits at the core of the plan
7 hours ago
DBS’ Tan Su Shan flags second-order risks from Middle East conflict despite limited exposure
Renald Yeo - Automotives, shipping and small businesses in focus as the lender tracks knock-on effects from prolonged tensions
7 hours ago
Malaysia’s Petronas Chemicals tops Asia stocks with 102% rally
Malaysian stocks stand out this month amid the Iran war, helped by the country’s status as a net energy exporter