6 hours ago
Oil prices choppy as WSJ reports IEA eyes biggest oil release ever
Analysts expect prices to remain highly volatile
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
US oil prices up nearly US$3 as Middle East crisis constrains supply
Reflecting higher demand, US crude, petrol and distillate stocks fell last week
7 hours ago
US oil prices up nearly $3 as Middle East crisis constrains supply
TOKYO, March 11 : U.S. West Texas Intermediate crude oil prices rose by $2.90 per barrel, or 3.5 per cent, to $86.33 in early trade on Wednesday as supplies from the Gulf remain constrained amid the U.S. and Israeli war on Iran.Brent futures start trading at 0100 GMT. WTI rebounded after both contra ...
7 hours ago
Meta to acquire Moltbook, viral social network for AI agents
Since debuting in late January, the startup has alternately captivated and unnerved industry watchers
7 hours ago
Amazon targeting US$37 billion in bond sale amid AI push
Investor appetite for high-grade corporate debt has been strong
8 hours ago
ChatGPT, other AI chatbots approved for official use in US Senate, NYT reports
March 10 : ChatGPT and two other artificial intelligence chatbots have been approved for official use in the U.S. Senate, the New York Times reported on Tuesday, citing a memo.Aides could use Google's Gemini chat, OpenAI's ChatGPT or Microsoft Copilot, all of which are already integrated i ...
8 hours ago
British Airways, Lufthansa add Asia flights amid high demand
Europe’s smaller airlines are also taking note
8 hours ago
Oracle posts strong cloud sales growth following AI bookings
The company is working to deliver on massive cloud infrastructure contracts with customers
8 hours ago
Microsoft backs Anthropic in amicus brief to halt US DOD's 'supply-chain risk' designation
March 10 : Microsoft filed on Tuesday a brief in support of Anthropic's lawsuit asking the court to temporarily block the U.S. Department of Defense's designation of the AI startup as a supply-chain risk.In an amicus brief filing in a federal court in San Francisco, Microsoft backed Anthro ...
8 hours ago
Oil dives, settles down 11% after Trump predicts Middle East de-escalation
[NEW YORK] Oil prices plunged by more than 11 per cent on Tuesday, the steepest percentage drop of any session since 2022, a day...
8 hours ago
Sembcorp, Keppel could face challenges in wake of Iran attack
Kenneth Lim - Heightened short-term uncertainties could be a time to stick with higher-confidence long-term structural trends
8 hours ago
Commentary: What TikTok and Huawei can teach Anthropic
Anthropic has been labelled a supply chain risk by Washington but that's not exactly a death knell, says Catherine Thorbecke for Bloomberg Opinion.
8 hours ago
European stocks mark biggest daily jump in months on Gulf de-escalation hopes
EUROPEAN shares marked their biggest one-day jump since April last year on Tuesday as global markets bet that US President Donald Trump...
8 hours ago
US stocks: Wall Street closes mixed on ramped-up Middle East tensions
[NEW YORK] US stocks lost steam on Tuesday, with the S&P 500 giving up early gains to skid into negative territory as investors weighed...
9 hours ago
Canadian retailer Loblaw investigates data breach
March 10 : Canadian retailer Loblaw said on Tuesday it was investigating a data breach after identifying suspicious activity on a contained, non-critical part of its IT network.The retailer said a criminal third party accessed some basic customer information such as names, phone numbers and email ad ...
10 hours ago
Oracle sees AI boom through at least 2027, sending shares up 8%
March 10 : Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8 per cent in extended trading. The results help to allay investor concerns that Oracle's costly multi-billion dollar push into AI computi ...
10 hours ago
Oracle beats quarterly revenue estimates on AI-driven demand, shares rise
March 10 : Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8 per cent in extended trading. The results help to allay investor concerns that Oracle's costly multi-billion dollar push into AI computi ...
10 hours ago
Applied Materials forges partnerships with Micron and SK Hynix for AI memory chips
March 10 : Applied Materials said on Tuesday it has partnered with memory chip companies Micron Technology and SK Hynix to develop next-generation chips that are crucial for artificial intelligence and high-performance computing.Micron and SK Hynix will serve as founding partners at Applied Material ...
10 hours ago
Applied Materials and SK Hynix partner for next-gen AI memory development
March 10 : Applied Materials said on Tuesday it has partnered with SK Hynix to accelerate the development of advanced DRAM and high-bandwidth memory crucial for artificial intelligence and high-performance computing.
11 hours ago
LNG Canada ramps up output as Iran war threatens global gas supplies
HOUSTON, March 10 : LNG Canada, a Shell-led venture, has ramped up production and exports to Asia this month, LSEG data show, as the Iran war threatens Asian natural gas supplies which are particularly vulnerable to global disruptions.The LNG project in Kitimat, British Columbia, exported five cargo ...
12 hours ago
Oil prices tumble by 15% after Trump predicts Middle East de-escalation
NEW YORK, March 10 : Oil prices plunged by about 15 per cent on Tuesday, a day after soaring to their highest levels since 2022, pressured after U.S. President Donald Trump predicted the war with Iran could end soon, which should minimize oil supply disruptions.Brent futures fell $14.23, or 14.5 per ...
12 hours ago
Meta to charge advertisers a fee to offset Europe's digital taxes
March 10 : Meta Platforms will charge advertisers a location fee ranging from 2 per cent to 5 per cent to cover digital service taxes imposed by some countries, the U.S. tech giant said in a post on its website, following in the footsteps of Alphabet's Google and Amazon.The fee, for image or vi ...
13 hours ago
Amazon launches healthcare AI assistant on its website, app
NEW YORK, March 10 : Amazon.com will expand access to its healthcare AI assistant for customers using its website and app, aiming to streamline care for over 30 conditions, it said on Tuesday.The artificial intelligence assistant can explain results, connect patients with providers and answer questi ...
13 hours ago
Delays with SpaceX's Starship risk NASA moon landing timeline, watchdog says
WASHINGTON, March 10 : SpaceX's Starship has accumulated at least two years of development delays since NASA picked the rocket as an astronaut moon lander in 2021, and is expected to require more time to clear remaining development hurdles before it can put humans on the moon, NASA's inspe ...
14 hours ago
Brent to trade above $95 for next two months on Iran war, EIA says
HOUSTON, March 10 : Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies, before falling to around $70 by the end of the year, the Energy Information Administration said on Tuesday in a monthly report.Oil shipments have been largely blocked ...
14 hours ago
Brent oil prices to remain above $95/bbl over next 2 months on Mideast conflict, EIA says
HOUSTON, March 10 : Brent oil prices are set to remain above $95 a barrel over the next two months as conflict in the Middle East rages on, the Energy Information Administration said on Tuesday in its monthly short term energy outlook report. Brent crude futures will then fall below $80 a barrel in ...
14 hours ago
Rhoda AI raises $450 million at $1.7 billion valuation, unveils robot intelligence platform
March 10 : Rhoda AI on Tuesday said it has raised $450 million in a Series A funding round that values the company at $1.7 billion and unveiled a robot intelligence system it says can handle the unpredictability of industrial environments.Breakthroughs in artificial intelligence models that help rob ...
15 hours ago
Mapletree Logistics Trust books provision of RM28.1 million amid ongoing tax dispute in Malaysia
Janice Lim - MLT’s manager says the trust is not expected to be materially impacted by the case, which is before a High Court
15 hours ago
G7 energy ministers stop short of strategic reserve decision, ask IEA to study options
IEA to assess oil reserve release options
15 hours ago
Sony fighting $2.7 billion UK lawsuit over PlayStation Store prices
LONDON, March 10 : Sony is fighting a London lawsuit worth almost 2 billion pounds ($2.7 billion) that alleges the PlayStation maker's "monopoly position" inflated prices for digital games, in the latest mass consumer case to go to trial in Britain.The Japanese conglomerate is accused ...
15 hours ago
Elon Musk says X Money to enter early public access next month
March 10 : Elon Musk on Tuesday said X Money, the social media platform's digital payment system, will enter early public access next month, as the billionaire pushes to transform X into an "everything app."The move comes as the Tesla chief looks to take advantage of the platform' ...
15 hours ago
BYD explores F1 entry in first auto racing push
The potential costs of entering F1 could be a significant obstacle
15 hours ago
Yangzijiang Shipbuilding buys 10% stake in maritime company from Canada’s Fairfax for US$825.7 million
Janice Lim - The sale price is above valuation, but the shipbuilder sees strategic and commercial gains from the acquisition
16 hours ago
Meta acquires AI agent social network Moltbook
March 10 : Facebook parent Meta Platforms said on Tuesday it had acquired Moltbook, a social networking platform built for artificial intelligence agents, bringing the company's founders into its AI research division.The development signals an intense race among tech giants to snap up AI talent ...