6 hours ago
Tesla vehicle sales jump 25%, far exceeding estimates
Despite the surprisingly positive result, the Elon Musk-led company’s shares tumbled 7.5% on Thursday
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Oil fluctuates as crude flows surge through Persian Gulf
Saudi Aramco has switched to spot pricing to speed up sales in Asia, according to trade sources and shipping data
6 hours ago
Blackstone's QTS terminates Digital Gateway data center project in Virginia
July 2 : Blackstone's QTS said on Thursday it had terminated its planned Digital Gateway data center project in Virginia and withdrawn the associated filings after years of planning and regulatory review.The data center operator has faced years of local opposition and litigation over the projec ...
6 hours ago
Kioxia readies next-gen memory mass production as AI boom fuels dramatic comeback
TOKYO, July 3 : Kioxia will on Friday hold a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, prepares to mass manufacture next-generation memory.The growth of AI has fueled a remarkable turnaround for Kioxia, which was previously seen ...
6 hours ago
Dow jumps to record closing high after soft US jobs data; Nasdaq down with chip shares
Expectations for a rate hike from the Fed decreased after the release of the US jobs report
6 hours ago
Crusoe in talks to raise $3 billion funding, Bloomberg News reports
July 2 : AI data center startup Crusoe is in talks to raise about $3 billion in a funding round that may triple its valuation, Bloomberg News reported on Thursday, citing people familiar with the situation.The startup has contracts to supply AI computing power for the likes of Meta and Oracle, the r ...
7 hours ago
European shares close at record high after softer US jobs data calms rate hike fears
Short-term interest-rate futures reflected about a 60% chance of an interest rate hike from the Fed
7 hours ago
US Department of Homeland Security says it is probing a cyber breach at information-sharing network
WASHINGTON, July 2 : The Department of Homeland Security said on Thursday it was investigating a breach in an unnamed information-sharing network.In a statement, DHS said there had been a "recent cyber incident" involving an "unclassified legacy information sharing environment" b ...
8 hours ago
Exclusive-Zuckerberg says AI agent tech is developing more slowly than expected
NEW YORK, July 2 : Meta Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent development over the last four months had not "accelerated in the way we expected," according to a recording heard by Reuters.Zuckerberg added that a company reorganization that inc ...
8 hours ago
Exclusive-Meta's Zuckerberg says AI agent tech progressing slower than expected
NEW YORK, July 2 : Meta Chief Executive Mark Zuckerberg acknowledged shortcomings in the company's sweeping restructuring at an internal town hall on Thursday, saying the systems known as AI agents had not progressed as quickly as he had expected, according to a recording heard by Reuters. Zuck ...
8 hours ago
Exclusive-Zuckerberg says AI agent development going slower than expected
NEW YORK, July 2 : Meta Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent development over the last four months had not "accelerated in the way we expected," according to a recording heard by Reuters.Zuckerberg added that a company reorganization that inc ...
8 hours ago
ElevenLabs explores employee stock sale at $22 billion valuation, Bloomberg News reports
July 2 : AI voice generation firm ElevenLabs is exploring a secondary share sale that would allow employees to sell stock, Bloomberg News reported on Thursday, citing people familiar with the matter.The proposed transaction could value the company at about $22 billion and is expected to occur by Sep ...
9 hours ago
Amazon to start initial Leo internet service this year as network nears 400 satellites
WASHINGTON, July 2 : Amazon expects to roll out initial internet service with its Leo broadband satellite network later this year after the company's latest launch put the orbiting constellation's satellite count over 390, a company executive said on Thursday.Amazon's latest batch of ...
10 hours ago
Google disrupts NetNut proxy network used in malware operations
July 2 : Alphabet's Google said on Thursday it weakened a large network of internet-connected devices that was being used to hide and route malicious online activity. The tech giant said it took action against the NetNut residential proxy network, also known as Popa, in partnership with the FBI ...
10 hours ago
Here's why the South Pole froze over before the North Pole
July 2 : While it once was temperate and lush, Earth's southernmost continent Antarctica froze over about 34 million years ago, covered by an ice sheet that today is up to around 3 miles (5 km) thick. By contrast, the planet's northernmost realm, the Arctic region, did not freeze over for ...
11 hours ago
Pick n Pay launches AI grocery shopping assistant in South Africa
JOHANNESBURG, July 2 : South African retailer Pick n Pay on Thursday launched an artificial intelligence-powered shopping assistant that helps customers build grocery orders using voice, text or photos instead of searching for products manually. The move is part of a drive by South Africa's sec ...
12 hours ago
Trump administration and Anthropic have not discussed the government taking a stake in it, source says
WASHINGTON, July 2 : The Trump administration and AI giant Anthropic have not discussed the government taking stakes in the firm, a source familiar with the matter said on Thursday. The White House, the Commerce Department and Anthropic did not immediately respond to requests for comment. The commen ...
12 hours ago
Bank of England’s Mann says she is ready to hike if price pressures persist
Mann has long advocated being “activist” by responding quickly and aggressively if circumstances change
12 hours ago
White House’s Hassett criticises Powell for staying on at Fed
WHITE House National Economic Council Director Kevin Hassett criticised former Federal Reserve Chair Jerome Powell for staying on at the US central bank,...
15 hours ago
Wall St opens higher after June jobs report eases rate-hike bets
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Jul 2) after a softer-than-expected employment report for June tempered expectations for...
15 hours ago
Italy's Intesa shifts core IT banking systems to Google's cloud technology
MILAN, July 2 : Italy's biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology. • Replacing existing core IT infrastructure, known as mainframes, with ...
15 hours ago
Singapore’s PMI edges up to 51.3 in June on AI-related tailwinds
Elysia Tan - Regional manufacturing performance is mixed in June
16 hours ago
Unclear if French musketeer d'Artagnan's bones were found, research shows
AMSTERDAM, July 2 : A skeleton found beneath a Maastricht church this year could not be conclusively identified as that of famed French musketeer Charles de Batz de Castelmore d'Artagnan, city authorities said on Thursday, with some findings raising fresh questions about the theory."For no ...
16 hours ago
Integrated Shield insurers post stronger results in 2025, but recovery may be fragile
Genevieve Cua - Industry margins are thin, and part of 2025’s performance likely came from the premium increases in September 2024
17 hours ago
Malaysia says JS-SEZ remains on track despite delay in master plan launch
Tan Ai Leng - Government adds that investments and project implementation continue despite the postponement
17 hours ago
Hong Kong’s assets under management grow to record US$5.38 trillion: survey
It has been considering waiving tax on fund managers’ performance bonuses to woo investment talent
17 hours ago
Hong Kong's assets under management grow to record $5.38 trillion, SFC survey shows
July 2 : Hong Kong's assets under management surged 20 per cent to a record HK$42.2 trillion ($5.38 trillion) in 2025, marking a third consecutive year of growth for the financial hub, according to a Securities and Futures Commission (SFC) survey.The jump was partly driven by a nearly threefold ...
17 hours ago
Airlines resume some Middle East flights but disruption continues
Many carriers are keeping suspensions in place
17 hours ago
Automakers tap America's 250th, World Cup to rev up patriotism
DETROIT, July 2 : U.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington. A promotion from Jeep-maker Stellanti ...
17 hours ago
Cathay Pacific to resume Middle East flights
HONG KONG: Hong Kong's flagship airline Cathay Pacific announced on Thursday (Jul 2) that it will resume flights to the Middle East, as the United States and Iran signal that efforts to end the war remain viable.
17 hours ago
Frasers Property said to be nearing deal for Cuppage Terrace
Kalpana Rashiwala - The price is expected to be between S$175 million and S$180 million
17 hours ago
IHH Healthcare partners some Integrated Shield insurers to rein in private hospital bills
Genevieve Cua - The services of iExchange as a third-party administrator has dampened bill size growth to the low single digits
17 hours ago
Cathay Pacific says to resume Middle East passenger services from September
BEIJING, July 2 : Hong Kong airline Cathay Pacific will resume its Middle East passenger flights starting from September, the carrier said on Thursday in a statement.• It said daily passenger flights to Dubai and four times weekly passenger flights to Riyadh will resume from September 1, and these ...
18 hours ago
Analysis:Britain's Paramount-Warner review may be aimed at commitments, not a veto
LONDON, July 2 : Britain's threat to intervene in the $110 billion Paramount-Warner deal could be less about blocking the transaction than extracting commitments on UK news, children's TV and investment, with the cost of any delay increasing the government's leverage.Culture minister ...