5 hours ago
Coca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust their...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
5 hours ago
Stocks rise, yields and dollar fall after Fed cuts interest rates
NEW YORK: Major stock indexes jumped while US Treasury yields declined on Wednesday (Dec 11) after the Federal Reserve cut interest rates as expected and investors remained hopeful about further cuts ahead, even as the central bank signalled it will likely pause reductions for now.The US dollar was ...
6 hours ago
Intel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships
6 hours ago
Operating autonomous vehicles in Singapore has ‘symbolic value’ despite small market size: Pony.ai CEO
Lionel Lim - It is partnering ComfortDelGro to launch commercial autonomous vehicle services in the city-state
6 hours ago
Connecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific
Benjamin Cher - Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers
6 hours ago
Malaysia to break ground on Southern Agropolis in January, unlocking ‘plug-and-play’ food hub for JS-SEZ
Tan Ai Leng - Farmers from the region are expected to move into the site by Q3 2026, with commercial production slated to begin in 2027
6 hours ago
Singapore’s 2026 visitor arrivals may fall short of pre-Covid levels, but tourist spending should keep rising: observers
Paige Lim - Growth in tourism receipts will be fuelled by Mice visitors, alongside rising demand for wellness, medical services and experiential offerings
6 hours ago
Property agents bought up to 20% of some new condo launches: did ‘first dibs’ buying heighten Fomo?
Ry-Anne Lim - Such activity does not breach regulations, but some in the industry are concerned that it crowds out the public
6 hours ago
US seizes oil tanker off coast of Venezuela, Trump says
[WASHINGTON] The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas...
6 hours ago
Oracle posts weak cloud sales, raising fear of delayed payoff
The company has taken out significant sums of debt and committed to leasing multiple data centre sites
6 hours ago
Bank of America CEO expects markets revenue to jump in fourth quarter
[NEW YORK] Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between...
7 hours ago
Intel, AMD accused of allowing chips in Russian missiles
In the past, the chipmakers have said they fully comply with sanctions requirements
7 hours ago
Oil settles higher after US seizes tanker off Venezuela’s coast
[NEW YORK] Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns...
7 hours ago
Temu’s Europe HQ raided as part of EU foreign-subsidy probe
The bloc has wielded the Foreign Subsidy Regulation largely against Chinese involvement in European markets
7 hours ago
European shares flat ahead of Fed decision; investors assess mixed corporate updates
EUROPEAN shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the US Federal Reserve’s interest rate decision, while also...
7 hours ago
Why Tangs and Takashimaya remain profitable as rivals close stores
CNA reviewed financial results for five major department stores and found that owning or controlling retail space makes the critical difference between profit and loss.
7 hours ago
Google names Amin Vahdat as new chief of AI infrastructure buildout, Semafor reports
Dec 10 : Alphabet's Google has appointed longtime executive Amin Vahdat as chief technologist for AI infrastructure, Semafor reported on Wednesday, citing an internal memo, as tech giants pour billions into the computing backbone needed to power artificial intelligence.The move comes as the com ...
7 hours ago
Winklevoss twins' Gemini bags US license for prediction markets
Dec 10 : Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, said on Wednesday it had received a license from the Commodity Futures Trading Commission to offer prediction markets to U.S. customers.Shares of the New York-based company jumped 23.6 per cent in extende ...
7 hours ago
US stocks close higher after Fed cuts interest rates
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it...
7 hours ago
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
The pace of price increases has risen steadily from 2.3 per cent in April, above the Fed’s 2 per cent inflation target
8 hours ago
Oracle forecasts miss Wall Street targets while spending rises, shares slide 10%
Dec 10 : Oracle forecast sales and profit that missed analyst estimates on Wednesday, while saying that spending would rise by $15 billion compared with earlier estimates - a sign that big capital outlays to chase AI cloud-computing customers is not turning into profit as fast as Wall Street had exp ...
8 hours ago
Oracle misses AI cloud contract estimates, shares slide
Dec 10 : Oracle missed a slew of Wall Street estimates for sales, operating profit and future cloud-computing contract growth, a sign that corporate spending on its cloud services may be cooling amid broader concerns of a bubble in the artificial intelligence market.Shares of the Austin, Texas-based ...
8 hours ago
Oracle reports higher quarterly remaining performance obligations
Dec 10 : Oracle on Wednesday reported higher remaining performance obligations for the second quarter, driven by robust demand for its cloud infrastructure services as businesses race to adopt artificial intelligence.The company reported remaining performance obligations of $523 billion, up 15 per c ...
8 hours ago
Adobe sees upbeat annual results on AI, design software strength
Dec 10 : Adobe forecast fiscal 2026 revenue and profit above Wall Street expectations on Wednesday, signaling strong demand for the Photoshop maker's design tools and increasing monetization for its artificial intelligence offerings. Since the launch of ChatGPT in 2022, Adobe has made heavy be ...
8 hours ago
Adobe forecasts annual revenue above estimates
Dec 10 : Adobe forecast fiscal 2026 revenue above Wall Street expectations on Wednesday, signaling strong demand for the Photoshop maker's design tools and increasing monetization for its artificial intelligence offerings. The company expects annual revenue between $25.90 billion and $26.10 b ...
8 hours ago
OpenAI warns new models pose 'high' cybersecurity risk
Dec 10 : OpenAI on Wednesday warned that its upcoming artificial intelligence models could pose a "high" cybersecurity risk, as their capabilities advance rapidly.The AI models might either develop working zero-day remote exploits against well-defended systems or assist with complex enterp ...
8 hours ago
Intel pursued deals that boosted CEO Lip-Bu Tan's fortune, sources say
SAN FRANCISCO, Dec 10 : When the chairman of AI chip startup Rivos wanted Intel to bid for the company, he had no need to phone the chip giant. That’s because the chairman of Rivos was also Intel’s CEO: Lip-Bu Tan.Tan had pitched Intel’s board on buying Rivos in the summer of 2025, but he had ...
9 hours ago
Dollar loses ground against peers after Fed cuts rates
Interest rates have been cut by a quarter of a percentage point by the US Federal Reserve.
9 hours ago
Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
Interest rates have been cut by a quarter of a percentage point by the US Federal Reserve.
9 hours ago
Blackstone's Gray says data centers still an attractive investment
NEW YORK, Dec 10 : Blackstone, the world's largest alternative asset manager, still sees good opportunities to invest in data centers despite a rush of investment into the hardware supporting the development of artificial intelligence, its president said on Wednesday.Technology companies need v ...
9 hours ago
Big Tech warned over AI 'delusional' outputs by US attorneys general
WASHINGTON, Dec 10 : Microsoft, Meta, Google and Apple were among the 13 companies that received a warning from a bipartisan group of state attorneys general, according to a letter from the state leaders, who said their chatbots' "delusional outputs" could be violating state laws.The ...
9 hours ago
Microsoft, Meta, Google and Apple warned over AI outputs by US attorneys general
WASHINGTON, Dec 10 : Microsoft, Meta, Google and Apple were among the 13 companies that received a warning from a bipartisan group of state attorneys general, according to a letter from the state leaders, who said their chatbots' "delusional outputs" could be violating state laws.The ...
10 hours ago
Reddit begins testing verified profiles to boost transparency
Dec 10 : Reddit said on Wednesday it had started testing verified profiles, a new feature aimed at increasing transparency on the social media platform.The company said that the introduction of a grey checkmark next to usernames is designed to help users identify individuals and businesses in scenar ...
11 hours ago
YouTube TV to roll out genre-based plans, deepens sports streaming bet
Dec 10 : YouTube said on Wednesday it will roll out new genre-based subscription plans for YouTube TV in the U.S. early next year, underscoring the platform's growing clout in the American pay-TV market and its push to lock in sports fans.The new "YouTube TV Plans" will offer more tha ...