6 hours ago
Stocks to watch: Aims Apac Reit, Marco Polo Marine, Geo Energy Resources, Aspial Lifestyle
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Mar 5):
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
Mastercard, DBS and UOB successfully trial autonomous payment by AI agent in Singapore
Nurdianah Md Nur - Mastercard has completed its first live authenticated “agentic” payment transaction in Singapore, a test that shows how artificial intelligence (AI) agents could begin executing everyday purchases on behalf of consumers. Conducted with DBS Bank and United Overseas Bank (UOB), the transaction inv ...
6 hours ago
China sets lowest growth target since 1991 as old model falters
A lower target also reduces the pressure on officials to deploy aggressive stimulus despite a volatile global trade environment
6 hours ago
China softens GDP goal to range of 4.5% to 5% as growth slows
While in line with expectations, it is the first downgrade since authorities cut it to about 5% in 2023
6 hours ago
Geo Energy to raise up to S$14.9 million via proposed share placement
Deon Loke - The placement price has been set at S$0.425 per share
7 hours ago
NASA to tap UAL for critical component of moon rocket, Bloomberg News reports
March 4 : NASA intends to select United Launch Alliance to provide a critical component for future missions of the agency's moon rocket, replacing planned Boeing-built hardware as costs ballooned to $2.8 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.Reute ...
7 hours ago
Oil price up nearly 2% in early Asian trade
TOKYO: Oil prices rose nearly 2 per cent in early Asian trade on Thursday (Mar 5), off the back of persistent worries about supplies because of the
7 hours ago
Singapore Gulf Bank launched amid booming wealth flows from Asia – then came the Iran crisis
Chloe Lim - Bank is set up by Whampoa family office and Bahrain’s sovereign wealth fund
7 hours ago
One Singapore bank launched in the Gulf amid booming wealth flows from Asia – then came the Iran crisis
Chloe Lim - Bank is set up by Whampoa family office and Bahrain’s sovereign wealth fund
7 hours ago
Geo Energy plans to raise $14.875 mil placing out new shares at 42.5 cents each
The Edge Singapore - Geo Energy Resources plans to raise up to $14.875 million by placing out 35 million new shares at 42.5 cents each. The funds raised will be used for working capital purposes. At 42.5 cents each, the placement price is a discount of 4.49% to the last full day weighted average price of 44.5 cents on M ...
7 hours ago
Atlantic Navigation chairman Michael Kum raises stake to 75.1% after married deal with CEO Bill Wong
The Edge Singapore - Michael Kum, non-executive chairman of Atlantic Navigation, has raised his stake in the company by buying over $13 million worth of shares at 10 cents each via a married deal with CEO Bill Wong. With 130 million changing hands, Wong, who founded the company, has cut his direct stake from 31.8% to 7. ...
8 hours ago
Phillip Securities upgrades Sats to ‘buy’; sees no material impact from Iran war
Therese Soh - The brokerage hikes Sats’ target price by 15.6% to S$4.44 and lifts its earnings forecast
8 hours ago
Australia says more flights from Middle East expected, situation still volatile
About 115,000 Australians remain in the Middle East
8 hours ago
Morgan Stanley lays off 2,500 employees across divisions, source says
It reported a banner year in 2025
8 hours ago
Morgan Stanley lays off 2,500 employees across all divisions, WSJ reports
MORGAN Stanley has laid off 2,500 employees across all divisions, the Wall Street Journal reported on Wednesday, citing people familiar with the...
8 hours ago
Amazon cuts more jobs; this time in robotics unit
The company has cuts 30,000 corporate employees so far
8 hours ago
US-to-Asia oil shipment costs hit a record, some deals falter
The global energy industry has been rocked by the widening Middle East fighting
8 hours ago
Broadcom sees over US$100 billion in AI chip sales by 2027 on robust custom chip demand
It announced a new share repurchase programme of up to US$10 billion
8 hours ago
Broadcom sees revenue above estimates as AI fuels custom chip demand
It announced a new share repurchase programme of up to US$10 billion
9 hours ago
Oil settles at highest in over a year for second straight day as Iran crisis escalates, snarls Hormuz flows
[HOUSTON] Oil prices settled unchanged on Wednesday at the end of a volatile trading session, as escalating US and Israeli strikes against Iran...
9 hours ago
Airlines, shippers panic shop for fuel hedges with prices surging
Traders and brokers say consumer hedging has picked up since the conflict began
9 hours ago
European stocks rebound from selloff driven by war fears; Spain shrugs off US threats
EUROPEAN shares rebounded on Wednesday from the previous day’s bruising selloff, as investor fears over the ripple effects of a prolonged Middle East...
9 hours ago
US stocks close higher on Iran diplomacy hopes; tech leads rebound
US STOCKS closed up on Wednesday, after a news report that Iran had signaled openness to talks and a pledge by President Donald...
9 hours ago
Palantir faces challenge to remove Anthropic from Pentagon's AI software
NEW YORK, March 4 : Palantir is the latest company to face the painful task of unwinding from Anthropic in the wake of the AI lab's dispute with the Pentagon over safety guardrails, raising questions about a key military software platform.Palantir's Maven Smart Systems – a software platf ...
9 hours ago
Tech giants sign energy pledge at White House ahead of midterms
March 4 : Google, Microsoft, Meta, Amazon and several artificial intelligence companies signed a pledge at the White House on Wednesday to bear the cost of new electricity generation to power their data centers.The agreement is meant to help mitigate concerns that Big Tech's data centers are dr ...
9 hours ago
Broadcom sees over $100 billion in AI chip sales by 2027 on robust custom chip demand
March 4 : Chip designer Broadcom on Wednesday projected its artificial intelligence chip revenue would exceed $100 billion by next year, signaling surging demand for custom artificial intelligence chips in a market dominated by Nvidia.The company's share price rose more than 4 per cent in exten ...
10 hours ago
Okta forecasts slowest revenue growth since IPO amid economic uncertainty
March 4 : Okta forecast first-quarter revenue below Wall Street expectations on Wednesday, projecting single-digit growth for the first time since its 2017 IPO as economic uncertainty weighs on enterprise technology spending.The identity security company said it expects revenue between $749 million ...
10 hours ago
Founder of clothing tech startup CaaStle pleads guilty in $300 million fraud case
NEW YORK, March 4 : The once-prominent entrepreneur of bankrupt clothing technology startup CaaStle pleaded guilty on Wednesday in connection with her scheme to defraud investors out of more than $300 million, federal prosecutors said.Christine Hunsicker, 48, of Lafayette, New Jersey, pleaded guilty ...
12 hours ago
Nvidia CEO hints at end of investments in OpenAI, Anthropic
March 4 : Nvidia CEO Jensen Huang said the latest investments in OpenAI and Anthropic might be the chipmaker's last in those companies, as the AI companies prepare to go public this year.The opportunity to invest $100 billion in OpenAI is probably not in the cards as the ChatGPT creator is set ...
12 hours ago
Nvidia will not be able to invest $100 billion in OpenAI due to IPO, CEO Huang says
March 4 : Nvidia CEO Jensen Huang said that the opportunity to invest $100 billion in OpenAI is probably not in the cards as the ChatGPT creator is set to go public later this year.Nvidia has finalized a $30 billion investment in OpenAI, which might be the last time it has the opportunity to "i ...
12 hours ago
Global firms, investors in share sale rush as Middle East conflict erupts
LONDON, March 4 : Companies and investors, including from the Gulf, kicked off large share sales raising tens of billions of dollars in recent days as tensions in the Middle East erupted into conflict, according to advisers and new figures. Around $20 billion worth of equity deals were struck global ...
12 hours ago
Big Tech group tells Pentagon's Hegseth they are 'concerned' about Anthropic supply-chain risk designation
March 4 : A Big Tech industry group on Wednesday expressed concern to U.S. Secretary of Defense Pete Hegseth about his declaring AI company Anthropic a supply-chain risk, saying such a designation creates uncertainty for companies that could threaten the military's access to the best products a ...
12 hours ago
Exclusive-Big Tech group tells Pentagon's Hegseth they are 'concerned' about declaring Anthropic a supply-chain risk
March 4 : A Big Tech industry group on Wednesday expressed concern to U.S. Secretary of Defense Pete Hegseth about his declaring AI company Anthropic a supply-chain risk, saying it creates uncertainty for companies that could threaten the military's access to the best products and services.&quo ...
12 hours ago
Tesla's UK sales plummet in February but outpace BYD, New Automotive data shows
March 4 : Tesla's UK sales fell sharply in February, but still outpaced Chinese rival BYD, data from New Automotive showed on Wednesday.Tesla sold 2,208 vehicles in February, down 45.2 per cent from a year earlier. BYD's sales rose 40.9 per cent to 968 units.While Tesla's delivery pat ...