7 hours ago
Paramount to combine HBO Max and Paramount+ to challenge Netflix
The company expects the transaction to close in the third quarter
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
7 hours ago
From ST Engineering, SIA to shipping: What stands to gain or lose from the Iran conflict?
Shikhar Gupta - Investors are differentiating between sectors facing immediate operational headwinds and those finding structural support in the flight to safety
7 hours ago
Yen, euro under pressure as Middle East conflict stokes energy concerns
TOKYO, March 3 : The yen and euro were broadly lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks may respond to inflation pressures.The dollar benefited from safe-haven demand as the U.S. and Israeli air war against ...
7 hours ago
Stocks to watch: Olam, Top Glove, UMS Integration
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Mar 3):
7 hours ago
Japan extremely vigilant about financial markets, finance minister says
TOKYO, March 3 : Japanese authorities are closely monitoring financial markets with heightened vigilance as Middle East tensions fuel volatility, Finance Minister Satsuki Katayama said on Tuesday, adding that Tokyo has been in close contact with overseas counterparts."We are closely watching th ...
7 hours ago
Japan watching markets with 'extremely strong' sense of urgency, finance minister says
TOKYO, March 3 : Japanese authorities have been in close contact with overseas financial officials and are closely monitoring financial markets with an "extremely strong sense of urgency" amid market volatility caused by the Middle East conflict, Finance Minister Satsuki Katayama said on T ...
7 hours ago
NCS, Autonomous A2Z to jointly advance driverless mobility in Singapore
Nurdianah Md Nur - NCS is collaborating with South Korea’s Autonomous A2Z to accelerate the development and rollout of trusted autonomous mobility solutions in Singapore. The partnership pairs A2Z’s full-stack autonomous driving platforms and engineering capabilities with NCS’s systems integration, cybersecurity ...
7 hours ago
Iran vows to attack any ship trying to pass through Strait of Hormuz
About 20 per cent of the world’s daily oil consumption passes through the strait
7 hours ago
OCBC's Lim raises fair value for Info-Tech Systems to $1.30
The Edge Singapore - Ada Lim of OCBC Group Research has raised her fair value for Info-Tech Systems after the business software provider reported better-than-expected first post-listing full-year results. From an initial fair value of $1, Lim, who has kept her "buy" call, now figures that this stock is worth $ ...
7 hours ago
Trump vows ‘whatever it takes’ on Iran, as he warns strikes could ‘go far longer’
Teheran is looking to name a new supreme leader after Khamenei was killed during the opening salvo of strikes
8 hours ago
Israel’s main airport to reopen on Monday in ‘extremely limited format’
Only Israeli carriers are expected to resume flights
8 hours ago
US mulls capping Nvidia H200 sales at 75,000 per Chinese customer
The H200 is the most powerful chip from Nvidia’s previous generation of products
8 hours ago
Amazon data center unit acquires George Washington University Virginia campus
WASHINGTON, March 2 : Amazon unit Amazon Data Services is acquiring George Washington University's Virginia Science and Technology campus for $427 million, the university said on Monday.The campus student newspaper said the deed authorizes Amazon to build a data or information technology center ...
9 hours ago
Dow at 50,000, STI at 5,000, Singtel at S$5 – what’s next?
Bullish investors beware: record highs and the breaching of psychological barriers tend to lead to an underpricing of risk
9 hours ago
About 10% of global container fleet caught in Hormuz backup, shipping CEO says
[LONG BEACH, California] Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following US...
9 hours ago
Reserve Bank of Australia governor says March rate hike possible
Analysts now see the economy growing at a rapid 1% in Q4
9 hours ago
RBA’s Michele Bullock is ‘very alert’ to inflation risk from Middle East war
Financial markets are pricing in a strong possibility of another rate increase in May that would take the cash rate to 4.1%
9 hours ago
US will take action to mitigate oil price spike for Americans, Rubio says
Average US retail petrol prices crossed US$3 a gallon for the first time since November on Monday
9 hours ago
Oil supertanker rates soar to record on Middle East conflict
The cost for booking a tanker from the US Gulf Coast to China also hit a record
9 hours ago
Oil and gas prices surge as Iran war disrupts Middle Eastern output
A three- to four-week disruption on Strait of Hormuz traffic could force Gulf producers to shut output and push Brent above US$100,...
9 hours ago
European stocks suffer biggest drop in months as Middle East tensions hit banks, travel
EUROPEAN stocks clocked their biggest one-day decline in three months on Monday, swept up in a global sell-off in risk assets as the...
9 hours ago
US stocks: Wall Street ends narrowly mixed, trading volatile after air strikes on Iran
US STOCKS ended close to flat on Monday after a volatile session that saw shares drop early following weekend US and Israeli air...
10 hours ago
SoftBank-backed PayPay targets up to $13.4 billion valuation in US IPO
March 2 : SoftBank's PayPay is targeting a valuation of up to $13.4 billion in its U.S. initial public offering, pressing ahead despite volatile markets in what could be among the largest U.S. listings by a Japanese firm.The U.S. IPO market has started the year on shaky footing, with market swi ...
10 hours ago
PayPay, backer aim to raise roughly $1.1 billion in US IPO
March 2 : PayPay and a selling shareholder are aiming to raise as much as $1.1 billion in an initial public offering in the United States, the SoftBank-backed Japanese payments app said on Monday.The Tokyo-based company and a selling shareholder plan to sell nearly 55 million American depositary sha ...
12 hours ago
Elon Musk's X, xAI plan to repay $17.5 billion in debt in full, Bloomberg News reports
March 2 : Elon Musk's social media platform X and artificial intelligence startup xAI plan to repay in full about $17.5 billion in debt tied to the companies, Bloomberg News reported on Monday, citing people familiar with the matter.Morgan Stanley, which is managing the debt for both companies, ...
12 hours ago
Elon Musk's xAI to repay $3 billion debt early, Bloomberg News reports
March 2 : Elon Musk's xAI plans to repay $3 billion of high-yield bonds early, Bloomberg News reported on Monday, citing people with knowledge of the matter.When a company pays back a loan ahead of schedule, it usually has to pay a penalty to investors, plus the interest the lenders were counti ...
13 hours ago
Exclusive-SoftBank’s PayPay delays IPO roadshow launch, sources say, as Iran attack rattles markets
March 2 : SoftBank's PayPay has delayed its highly anticipated IPO roadshow that was scheduled to launch Monday as markets were rattled by this weekend's attack on Iran, according to two people familiar with the matter.The postponement, which has not been previously reported, comes after t ...
13 hours ago
From OpenAI to Nvidia, firms channel billions into AI infrastructure as demand booms
(Corrects company name to Lumentum from Lumentun in subhead)March 2 : Nvidia will invest $2 billion each in photonic product makers Lumentum and Coherent to support the companies' research and development and manufacturing operations in the United States.Here is a list of multi-billion-dollar A ...
15 hours ago
Euro, yen slide as Middle East conflict escalates
March 2 : The euro and yen fell on Monday as concerns about higher oil prices dented the currencies of countries most exposed to energy shortages, while the dollar also benefited from a safe-haven bid on concerns about conflict in the Middle East widening.The U.S. and Israeli air war against Iran wi ...
15 hours ago
Euro and yen slide as Middle East conflict escalates
March 2 : The euro and yen fell on Monday as concerns about higher oil prices dented the currencies of countries most exposed to energy shortages, while the dollar also benefited from a safe-haven bid on concerns about conflict in the Middle East widening.The U.S.-Israeli air war against Iran expand ...
15 hours ago
State Department switches to OpenAI as US agencies start phasing out Anthropic
WASHINGTON, March 2 : Three more U.S. cabinet-level agencies, the departments of State, Treasury and Health and Human Services, moved to cease use of Anthropic's AI products on Monday, joining the Pentagon in switching to rivals such as OpenAI under a new White House directive.The federal gover ...
15 hours ago
State Department switches to OpenAI chatbot as US agencies start phasing out Anthropic
WASHINGTON, March 2 : The U.S. Treasury Department, State Department and the federal housing agency are terminating all use of Anthropic products, with the State Department saying it will switch to rival OpenAI, after President Donald Trump ordered government agencies to dump Anthropic's techno ...
15 hours ago
US Treasury, federal housing agency ending use of Anthropic products
March 2 : The U.S. Treasury Department and the federal housing agency are terminating all use of Anthropic products, including its Claude platform, in response to President Donald Trump's order to stop using the AI startup's technology.Trump on Friday directed the government to stop work w ...
15 hours ago
Manulife Investments introduces EQDP fund eyeing both income and growth with emphasis on local small and mid caps
The Edge Singapore - Manulife Investments, one of the nine managers allocated by the government to boost the local stock market, has announced the launch of the Manulife Singapore Opportunities Income Strategy. This fund, a Singapore-focused equity income and growth strategy, is introduced under the Monetary Authority o ...