6 hours ago
Climate risks in volatile times
Climate competency is increasingly tied to revenue, investor confidence and long-term shareholder value
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
Fed's Daly says AI is not for now driving inflation up or down
June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a 12-month horizon. Daly, at a Bloomberg Tech even ...
10 hours ago
FIFA unveils Netflix World Cup game timed for 2026 tournament kickoff
June 4 : FIFA will release a new football video game, FIFA World Cup: Launch Edition, on Netflix Games on June 11, timed to coincide with the start of the 2026 World Cup, the soccer governing body said on Thursday.The title will be available exclusively to Netflix subscribers at no additional cost, ...
11 hours ago
US House lawmakers release draft bill to regulate AI
WASHINGTON, June 4 : U.S. Representatives Lori Trahan, a Democrat, and Jay Obernolte, a Republican, released draft legislation to regulate AI, according to a spokesperson for Trahan.
11 hours ago
US House lawmakers release draft bill to prohibit state AI rules
WASHINGTON, June 4 : A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from regulating the development of artificial intelligence models, a move praised by tech firms but criticized by consumer rights advocacy groups. The draft legislation, r ...
12 hours ago
Canada says AI strategy will help create 250,000 jobs, boost GDP by 3%
TORONTO, June 4 : Canada unveiled a new artificial intelligence strategy on Thursday that it says will help create 250,000 jobs by 2031 and includes a new C$500 million ($360.05 million) tech fund to help homegrown AI firms.The strategy, called "AI for all", was announced by Prime Minister ...
12 hours ago
Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports
June 4 : Goldman Sachs expects revenue from SpaceX's AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank's forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX� ...
13 hours ago
US Supreme Court backs FCC in clash with wireless carriers over fines
WASHINGTON, June 4 : The U.S. Supreme Court backed the Federal Communications Commission's system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win to President Donald Trump's administration.The ruling wa ...
13 hours ago
US Supreme Court sides with FCC in clash with wireless carriers over fines
WASHINGTON, June 4 : The U.S. Supreme Court backed the Federal Communications Commission's system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win to President Donald Trump's administration.The ruling wa ...
13 hours ago
S&P 500, Nasdaq slide at open as Broadcom revenue miss dents chip stocks
[NEW YORK] The S&P 500 and the Nasdaq dropped at the open on Thursday (Jun 4), as Broadcom’s revenue miss pressured chip...
14 hours ago
Bitcoin has longest losing streak since August in bruising week
The cryptocurrency has lost about half its value since hitting an all-time high above US$126,000 last October
14 hours ago
The perfect pitch is the goal for World Cup grass growers
WINNIPEG, Manitoba, June 4 : When billions of fans tune in to the 2026 World Cup, they will be witnessing the culmination of a global grass-growing mission that has scientists, farmers and turf specialists sweating as much as the players.From Mexico to Canada, across 16 stadiums in wildly different ...
14 hours ago
Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week
June 4 : Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of the year despite a "painful" week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand. The bigge ...
14 hours ago
Pinterest deepens Amazon partnership with $4 billion cloud deal
June 4 : Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its largest-ever deal.Shares of Pinterest were up nearly 5 per cent, while those of Amazon rose 1.7 per cent.Amazon.co ...
14 hours ago
Pinterest signs $4 billion Amazon deal for cloud services
June 4 : Pinterest said on Thursday it would pay Amazon Web Services $4 billion for using its cloud services through 2031.
15 hours ago
Proposed 12.5% tariff could affect one-third of Singapore exports; MTI rejects US claim of forced labour links
Renald Yeo - Exemptions include energy products, pharmaceuticals, certain electronics, aerospace products and semiconductors
15 hours ago
Singapore Airlines in talks for major new jet order: sources
The carrier is seeking offers for the 400-seat Boeing 777X or the slightly smaller Airbus A350-1000
15 hours ago
Potential Trump tariffs of 12.5% could hit one-third of Singapore exports to the US: MTI
Singapore’s Ministry of Trade and Industry says it is assessing the potential impact of the proposed measures and will continue to engage the Office of the United States Trade Representative (USTR).
15 hours ago
US dollar slips from two-month high amid Iran talks, yen trades near 160
The US dollar index falls 0.2% to 99.23, from 99.56 in the previous session
15 hours ago
CEO Jamie Dimon to pitch JPMorgan’s ultra-rich clients on SpaceX IPO
The scope of the bank’s push underscores the massive demand for what is likely to be the biggest market debut
15 hours ago
Futu to suspend Chinese mainland investors from adding new positions
The service halts are in line with regulators’ requirements for overseas institutions to wind down prohibited activities
16 hours ago
HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs
The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts
16 hours ago
HSBC, AIA shares slide after report of Hong Kong bank account curbs
The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts
16 hours ago
STI constituents unchanged in June review; First Resources, Olam join reserve list
Renald Yeo - DBS remains the index’s largest stock by market capitalisation, at S$182 billion
16 hours ago
CNA Explains: What the US forced labour probe means for global trading partners
Dozens of economies, including Singapore, could face a new 12.5 per cent levy if the proposed tariffs are implemented.
16 hours ago
Fitch comment on TLAC prompted by MAS consultation paper
The Edge Singapore - On May 13, the Monetary Authority of Singapore said in a consultation paper that the Financial Stability Board total loss-absorbing capacity (TLAC) term sheet requires a global systemically important bank (GSIB) to maintain TLAC equal to at least 18% of its risk-weighted assets (RWA) at all times. â ...
16 hours ago
Honeywell's Quantinuum set to open higher in Nasdaq debut after upsized IPO
June 4 : Shares of Honeywell-backed Quantinuum were indicated to open 1.67 per cent above their initial public offering price in their Nasdaq debut on Thursday, giving the quantum computing company a potential valuation of about $15.82 billion.The stock was last indicated to trade at $61, compared w ...
16 hours ago
Honeywell's Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
June 4 : Shares of Quantinuum rose 13.3 per cent in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell's quantum computing company became the latest to benefit from robust investor demand.The stock opened at $68, compared with its IPO price of $60. Breakthroughs in the fast ...
16 hours ago
Honeywell's Quantinuum heads for Nasdaq debut as quantum computing gains momentum
June 4 : Honeywell's Quantinuum is set to make its U.S. market debut later on Thursday, after strong investor interest helped the quantum computing company raise $1.68 billion in an upsized initial public offering. Breakthroughs in the fast-growing technology have spurred bets that quantum mach ...
17 hours ago
Commercial vehicle COE likely to breach S$100,000; mainstream car premiums to remain elevated
Derryn Wong - EV demand, high diesel prices and short supply will continue driving upward pressure: observers
17 hours ago
T-Mobile opens India tech centre, to hire nearly 1,000 by 2027
BENGALURU, June 4 : U.S. telecom operator T-Mobile opened its global capability center (GCC) in India on Thursday and plans to employ nearly 1,000 people by 2027, according to a statement from an Indian state government. Here are some details: • The tech centre was inaugurated in Hyderabad — ca
17 hours ago
Singapore stocks retreat as bank sell-off snaps STI’s two-day winning streak
The index falls 1.4% to close at 5,067.53
17 hours ago
First Resources and Olam to replace Netlink and SIA Engineering in STI reserve list
The Edge Singapore - First Resources and Olam Group have replaced NetLink NBN Trust and SIA Engineering on the reserve list of the Straits Times Index. SIA Engineering was only included in the reserve list in the most recent quarterly review in March, displacing CapitaLand Ascott Trust. The other three members of the re ...
17 hours ago
AI needs to ‘work in support of humans’: Josephine Teo
Ranamita Chakraborty - The minister says Singapore’s approach places people at the centre of adopting the technology