10 hours ago
DeepSeek prepares for IPO filing as soon as 2027, eyes US$71 billion valuation: FT
The startup begins talks with potential backers for a fresh funding round after closing a US$7 billion round of financing
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
10 hours ago
DeepSeek prepares for IPO filing as soon as 2026, eyes US$71 billion valuation: FT
The startup begins talks with potential backers for a fresh funding round after closing a US$7 billion round of financing
10 hours ago
Citi shares drop as CEO Fraser plans deeper job cuts this year
The bank’s headcount fell by 5,000 in the past three months to 219,000
11 hours ago
Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 - Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.The offer, submitted earlier ...
11 hours ago
China slashes June oil refining volumes to six-year low as crude imports collapse
Processing volumes fall 18% year on year to 51.24 million tonnes – the lowest since March 2020
11 hours ago
Yap of CGSI raises target price for SIA to $7.65
The Edge Singapore - Raymond Yap of CGS International has kept his "hold" call on Singapore Airlines but with a raised target price of $7.65, up from $6.44, on expectations of "very robust" 1QF2027 ended June earnings ahead given how fuel prices have corrected "sharply" while travel demand ...
11 hours ago
Energy is the new water, says climate ambassador Ravi Menon
Janice Lim - Asean needs to come up with policy responses that allow for it to be traded in a way that all parties benefit
11 hours ago
1,800 pest management workers to benefit from sustainable pay rises under Progressive Wage Model
Pest management is the 10th sector to be covered by the model, which implements structured wage increases tied to skills and productivity enhancement.
12 hours ago
Asian stocks rise on drop in US inflation, with South Korea’s Kospi up 7%
The index’s surge comes ahead of the next test for the AI rally, with earnings due at ASML
12 hours ago
Asian stocks rise on drop in US inflation rate, with South Korea’s Kospi up 7%
The index’s surge comes ahead of the next test for the AI rally, with earnings due at ASML
12 hours ago
Asian stocks rise after soft US CPI, Kospi rallies over 6% on SK Hynix wins
MSCI’s Asia Pacific equities gauge climbs 1.2% as shares also rose in Japan and Australia
12 hours ago
Misuse of driver-assistance systems biggest risk to road safety: survey
[MILAN/STOCKHOLM] Motorists’ misuse of driver-assistance technology and drivers being distracted by in-vehicle features, rather than mechanical problems, are the biggest risks for...
12 hours ago
Gold slips as oil rally keeps inflation, rate outlook on investors' radar
Spot gold slips 0.6% to US$4,028.43 per ounce as at 0443 GMT
12 hours ago
Gold holds gain as soft US inflation data reduces rate hike bets
Bullion nears US$4,050 an ounce, after rising 1.3% in the previous session
12 hours ago
DBS's wealth management renews focus on customer journeys, targets $1 trillion in AUM by 2030
Goola Warden - Shee Tse Koon, Group Head of Consumer Banking and Wealth Management at DBS announced a new target of $1 trillion in assets under management by 2030, through deepening AI integration and investment in frontline and technology staff. DBS also plans to open 18 new wealth centres and to upgrade 36 exist ...
12 hours ago
DBS targets S$1 trillion in AUM by 2030 as it steps up AI, hiring push
Tan Nai Lun - The bank plans to hire 600 more front-line advisers and platform engineers by end-2028
12 hours ago
Dollar struggles as softer inflation dims Fed hike bets
HONG KONG, July 15 : The dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns that elevated oil prices could fuel inflation risks. Against the yen, the dollar fetch ...
13 hours ago
Who should own AI? The case against – and for – nationalisation
If AI carries a comparable dual-use risk, the argument goes, perhaps it deserves comparable treatment
13 hours ago
Kuroda’s negative rate surprise shocked his own BOJ board, minutes show
Dissenters were concerned over Kuroda’s proposal to charge 0.1% interest on a portion of financial institutions’ deposits at the BOJ
13 hours ago
Oil prices rise 1% as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains by around 1 per cent on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close "all other export corridors that benefit the U.S. and its allies".Brent fut ...
13 hours ago
Oil prices rise as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains as the U.S. said it had begun a new wave of strikes against Iranian military installations on Wednesday, aiming to limit Tehran's ability to strike commercial shipping in the Strait of Hormuz.Washington had earlier reimposed a naval blockade of Iranian ports ...
13 hours ago
Oil prices rise 2% as hostilities worsen in the Middle East
LONDON, July 15 : Oil extended gains by around 2 per cent on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close "all other export corridors that benefit the U.S. and its allies".Brent fut ...
13 hours ago
Oil rises after US-Iran hostilities flare again with strikes on energy targets
PERTH, July 15 : Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in the region.For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its hi ...
13 hours ago
SK Hynix shares jump nearly 12%, tracking US stock gains
SEOUL, July 15 : Shares in SK Hynix jumped more than 11.8 per cent in morning trade in Seoul on Wednesday, tracking overnight gains in U.S. technology stocks after softer-than-expected U.S. inflation data, while also drawing support from Barclays' initiation of research coverage. Barclays place ...
13 hours ago
SK Hynix shares surge 13% on AI hopes as US tech stocks resume their climb
SEOUL, July 15 : Shares in SK Hynix jumped nearly 13 per cent in Seoul on Wednesday, tracking gains in U.S. tech stocks after softer-than-expected U.S. inflation data, while upbeat analyst views on the outlook for AI memory demand also supported sentiment.The rally lifted other South Korean semicond ...
13 hours ago
UK plans default midnight social media curfew for 16- and 17-year-olds
The new measures are expected to come into force in spring 2027
14 hours ago
Stocks to watch: Addvalue Technologies, Coliwoo, Elite UK Reit, Foundation Healthcare
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 15):
14 hours ago
Wells Fargo beats profit on trading boom, loan growth
The bank is expanding its credit card and auto businesses
14 hours ago
Scientists sail for Greenland to study glacier melt risk
HARWICH, England, July 15 : An international team of around 80 scientists and crew will set sail on polar research ship the RSS David Attenborough for Greenland this week to investigate whether the island's rapidly melting glaciers could disrupt a major Atlantic Ocean current system and with it ...
14 hours ago
Citi shares fall as investor worry over expenses overshadows second-quarter profit beat
Revenue was US$24.8 billion, up 14% from a year earlier
14 hours ago
Kuroda's negative rate surprise shocked his own BOJ board, minutes show
TOKYO, July 15 : The Bank of Japan's shock introduction of negative rates in 2016 drew intense criticism from within the board with some blasting it as half-baked and a risky move that could trigger a currency war with Europe, policy meeting minutes showed on Wednesday.The decision, which was a ...
14 hours ago
Exclusive-AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
SAN FRANCISCO, July 14 : AI cloud computing company CoreWeave is exploring the use of financial derivatives as a potential hedge against a future drop in memory and storage chip prices, according to a person familiar with the matter.The unusual move underscores how deeply the AI boom has entangled c ...
15 hours ago
OpenAI’s first device will be movable, screenless speaker built as AI companion
The device represents a critical next step for OpenAI
15 hours ago
Japan manufacturers stay upbeat on chip demand, services hit by costs
TOKYO, July 15 : Japanese manufacturers' sentiment remained relatively upbeat in July, supported by solid semiconductor demand, while confidence among non-manufacturers fell as the Middle East conflict, a weak yen and rising interest rates pushed up costs, the latest Reuters Tankan survey showe ...