5 hours ago
OCBC Q1 profit falls 5% to S$1.88 billion; beats expectations
Renald Yeo - This beats the S$1.86 billion consensus forecast in a Bloomberg survey
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
Paramount beats estimates as streaming results pick up
The company is embroiled in a lawsuit brought by US President Donald Trump and is awaiting regulatory approval for its merger with...
6 hours ago
ST Engineering reports 8% higher 1QFY2025 revenue of $2.9 bil; declares dividend of 4 cents per share
Felicia Tan - Singapore Technologies Engineering (ST Engineering) has reported a total revenue of $2.9 billion for the 1QFY2025 ended March 31, 8% higher y-o-y. Defence and public security revenue surged by 18% y-o-y to $1.32 billion as it saw growth across all sub-segments, supported by project timing. Commercia ...
6 hours ago
Oil prices rise 3% on support from US-China trade hopes
[NEW YORK] Oil prices rose around 3 per cent on Thursday (May 8), buoyed by hopes of a breakthrough in looming trade...
6 hours ago
Europe: Stocks rise after Trump strikes tariff deal with UK
[BENGALURU] European shares ended higher on Thursday (May 8) after US President Donald Trump announced a trade deal with Britain to lower...
6 hours ago
US: Stocks rise after Trump announces UK trade deal
[NEW YORK] US stocks finished firmly in the green on Thursday (May 8) after US President Donald Trump unveiled a “breakthrough” trade...
6 hours ago
Commentary: Why Trump’s plans for tariffs on foreign films probably won’t have a happy ending
America imports more films and TV shows than it exports, yet the US-based entertainment industry has never been so dominant globally, says this academic.
7 hours ago
How advisers can augment the board
The growth of advisory panels has risen over 20% since 2021, aiding succession planning and providing fresh perspectives
8 hours ago
Celsius founder Alex Mashinsky gets 12 years prison for crypto fraud
NEW YORK : Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud.Mashinsky's sentence was imposed by U.S. District Ju ...
8 hours ago
Ransomware group Lockbit appears to have been hacked, analysts say
WASHINGTON :The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.On Wednesday one of Lockbit's darkweb sites was replaced with a ...
8 hours ago
Coinbase quarterly profit falls as expenses bites, shares down
Crypto exchange Coinbase reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units, sending its shares down 2.3 per cent in extended trading. Total operating expenses soared 51 per cent to $1.3 billion in th ...
8 hours ago
Coinbase quarterly profit falls as expenses climb, shares down
Crypto exchange Coinbase reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units, sending its shares down 3 per cent in extended trading. Total operating expenses soared 51 per cent to $1.3 billion in the ...
8 hours ago
Coinbase quarterly profit falls as expenses jump
Crypto exchange Coinbase reported a drop in first-quarter profit on Thursday as a steep rise in costs more than offset revenue growth in its transaction and subscription units. Total operating expenses soared 51 per cent to $1.3 billion in the quarter, driven by increased marketing expenses as well ...
8 hours ago
Pinterest's revenue forecast gets boost from AI ad tools, growing marketing spend
Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16 per cent in extended trading.Despite uncertainty over marketing budgets, the company's emph ...
8 hours ago
Pinterest's strong revenue forecast signals growing ad spend, shares surge
Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, a sign of growing advertising spend on the social media platform despite uncertainty over marketing budgets.Shares of the company were up 11 per cent in extended trading.The company's emphasis on direct response ...
9 hours ago
Stablecoin bill fails to clear key hurdle in US Senate
Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate. The setback is a blow to the crypto industry, which has long pushed for lawmakers to pass le ...
10 hours ago
Consumer watchdog halts Biden-era Google Payment supervision, Google spokesperson says
The U.S. Consumer Financial Protection Bureau has withdrawn its efforts to supervise Alphabet's Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform.The watchdog announced in December that it was or ...
11 hours ago
Apple is developing specialized chips for smart glasses and AI servers, Bloomberg News reports
Apple is developing specialized chips that will power future devices including its first smart glasses, artificial intelligence servers and new MacBooks, Bloomberg News reported on Thursday. The iPhone-maker has made progress on the chip that it's developing for smart glasses, the report said, ...
12 hours ago
Bitcoin tops $100,000 on trade deal optimism
NEW YORK :Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trump's trade war with the rest of the world is easing. By midday, bitcoin was tr ...
13 hours ago
US FDA centers to deploy AI internally immediately
The U.S. Food and Drug Administration said on Thursday all its centers will have to be deploy artificial intelligence internally immediately, with full integration on June 30.
13 hours ago
US FDA centers to deploy AI internally, following experimental run
The U.S. Food and Drug Administration said on Thursday all its centers will deploy artificial intelligence internally immediately, with full integration on June 30, following the completion of a new generative AI pilot for scientific reviewers.WHY IT'S IMPORTANT Once the FDA receives an applica ...
13 hours ago
Britain's digital tax on 'Big Tech' not impacted by trade deal
LONDON :Britain's digital services tax, imposed on U.S. companies like Amazon, Google and Meta, will not be changed under the terms of the trade deal agreed between the two countries on Thursday, the British government said. U.S. President Donald Trump has been strongly critical of digital serv ...
13 hours ago
Trump announces framework with UK, lowering trade barriers
Josh Wingrove, Hadriana Lowenkron, Alex Morales and Jennifer A. Dlouhy / Bloomberg - US President Donald Trump announced a trade framework with the UK, hailing it as a “breakthrough” that will bring down barriers and expand market access for American imports. “I’m thrilled to announce that we’ve reached a breakthrough trade deal with the United Kingdom,” Trump said Thurs ...
14 hours ago
Talen Energy mulls options to supply data centers after Amazon setback
NEW YORK :Talen Energy is considering alternative arrangements to supply electricity to data centers after regulators pushed back on a plan to fuel an Amazon data center directly from Talen's Pennsylvania nuclear power plant, executives with the U.S. power company said on Thursday.Independent U ...
14 hours ago
Asia rises as US exceptionalism fades
Samantha Chiew - Vis Nayar, CIO of Eastspring Investments, says the era of US market dominance is drawing to a close. He says global investors must now rethink their strategies to navigate an increasingly fragmented and uncertain investment landscape. “The time for US exceptionalism is over,” he adds, citing the ...
14 hours ago
UOBAM FTSE China A50 Index ETF: Access China’s top A-Share stocks
UOB Asset Management - The FTSE China A50 Index (the Index) is one of the most recognised China A-share indices. Launched over 20 years ago, it comprises China’s 50 largest A-share companies listed on the Shanghai or Shenzhen stock exchanges. These 50 stocks represent about one-third of the entire A share market by weig ...
14 hours ago
UK climate envoy advises government on clean energy investments in Southeast Asia
Jovi Ho - We are in a disconcerting, confused world where some of the systems that we have relied upon for the last decades seem to be in question, says Rachel Kyte, the UK’s special representative for climate. That flux also extends to the energy transition. “We stand in a moment where, while there is mo ...
14 hours ago
Trump heralds ‘breakthrough’ trade deal with UK
The agreement marks the first since he triggered a global trade war
15 hours ago
Final arguments heard: Apex court's verdict looms for John Soh and Quah Su-Ling
Frankie Ho - The second and final tranche of the appeal hearing for convicted market manipulators John Soh Chee Wen and Quah Su-Ling concluded on May 8, Thursday, after three days of submissions from the defence and prosecution, with the apex court reserving judgement till a later date. Soh and Quah were found g ...
15 hours ago
US: Wall St opens higher ahead of potential US-UK deal announcement
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (May 8) on news that the United States was on the verge...
15 hours ago
Software provider EPAM raises annual forecasts, announces CEO change
EPAM Systems raised its annual revenue and profit forecasts on Thursday, helped by steady enterprise demand for its IT consulting services, sending its shares up around 10 per cent in premarket trading. The company also said its founder and CEO Arkadiy Dobkin will transition to executive chairman on ...
15 hours ago
Lack of standards around cross-border renewable energy certificates trade prevents offtake agreements: EMA senior exec
Janice Lim - The certificates are tradeable assets that are issued when 1 megawatt-hour of electricity is generated and delivered to the electricity grid from...
15 hours ago
Common standards needed to boost trade of renewable energy certificates
Janice Lim - Such certs help companies sign offtake deals with green power producers in Asean: EMA official
15 hours ago
Coinbase to acquire Deribit in $2.9 billion deal, WSJ reports
Coinbase, the largest publicly traded cryptocurrency exchange, will acquire Deribit for $2.9 billion in cash and stock, the Wall Street Journal reported on Thursday, citing company executives.For Coinbase, the deal is a push into the highly profitable crypto derivatives market, according to the repo ...