13 hours ago
AirTrunk said to be near confidential filing for biggest Singapore IPO in years
Company may submit a draft registration to the Monetary Authority of Singapore and local stock exchange as soon as this week
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Cheaper AI is better: Soaring bills are reshaping how businesses choose models
Usage-based pricing makes artificial intelligence spending unpredictable, even as token prices drop
13 hours ago
Humans and great apes show similar rhythmic pattern in laughter
WASHINGTON, June 29 : There are many kinds of laughter. People may guffaw at a joke. They may giggle nervously in an uncomfortable situation. They may chuckle with mild amusement. They may snicker to express contempt — especially movie villains. But while laughing seems uniquely human, it is not. ...
13 hours ago
Rocket Lab buys Iridium in $8 billion deal to take on SpaceX
June 29 : Rocket Lab struck an $8 billion deal to acquire satellite communications provider Iridium Communications on Monday, betting on a SpaceX-style advantage that combines a constellation of satellites with the in-house rockets that will launch them.The transaction adds to growing momentum in th ...
13 hours ago
Rocket Lab to buy satellite communications firm Iridium in $8 billion deal
June 29 : Rocket Lab said on Monday it would acquire satellite communications provider Iridium Communications in a cash-and-stock deal valued at about $8 billion, marking one of the biggest consolidation moves in the commercial space industry.Iridium shareholders will receive $27 in cash and Rocket ...
13 hours ago
Rocket Lab buys Iridium in $8 billion deal, to expand beyond launches
June 29 : Rocket Lab said on Monday it would acquire satellite communications provider Iridium Communications in a cash-and-stock deal valued at about $8 billion, marking one of the biggest consolidation moves in the commercial space industry.Iridium shareholders will receive $27 in cash as well as ...
14 hours ago
Simba’s 5G spectrum hurdle may accelerate Singapore’s telco market reset
Young Zhan Heng - Regional experience such as in Thailand suggests that consolidation often leads to more disciplined pricing
14 hours ago
Seraya Partners launches Faraday Energy with US$500 million investment and Schneider Electric as partner
Lin Daoyi - Asia-focused infrastructure investor Seraya Partners has partnered Schneider Electric to launch Faraday Energy, a new energy infrastructure platform. Seraya will invest up to US$500 ($647) million of equity capital to support Faraday’s growth across Asia Pacific and Gulf Cooperation Council countr ...
14 hours ago
Seraya Partners launches Faraday Energy with US$500 mil investment and Schneider Electric as partner
Lin Daoyi - Asia-focused infrastructure investor Seraya Partners has partnered Schneider Electric to launch Faraday Energy, a new energy infrastructure platform. Seraya will invest up to US$500 ($647) million of equity capital to support Faraday’s growth across Asia Pacific and Gulf Cooperation Council countr ...
14 hours ago
Comcast to split cable business from media through NBCUniversal, Sky spinoff
June 29 : Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation.Shares of the company rose more than 20 per ...
14 hours ago
NBCUniversal to be split from Comcast in latest media shakeup
June 29 : Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation.Shares of the company rose nearly 8 per cent ...
15 hours ago
Singapore stocks close higher amid mixed regional showing; STI up 0.3%
DFI Retail Group leads the gainers on the Republic’s blue-chip index
15 hours ago
Singapore Airlines and Air China sign MOU; agreement covers potential expansion of codeshare partnership
15 hours ago
Singapore Airlines and Air China sign MOU to deepen cooperation, expand codeshare services
Under the agreement, the airlines could expand their codeshare partnership to additional routes between Singapore and mainland China, within China and to destinations beyond the two countries.
15 hours ago
RHB's Natarajan raises target price for CICT to $2.75
The Edge Singapore - Vijay Natarajan of RHB Bank Singapore has kept his "buy" call and CapitaLand Integrated Commercial Trust, given how valuation is deemed "attractive" at just 1.x P/BV, along with a slightly raised target price of $2.75, up from $2.73, after unitholders gave their go-ahead for the ...
15 hours ago
British American Tobacco to cut 5,500 jobs globally in restructuring push
The layoffs is expected to add £600 million (S$1.03 billion) of annualised incremental savings by 2028
16 hours ago
Banks get creative and look further afield as AI-fueled debt soars
NEW YORK, June 29 : As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to sell ever larger volumes of debt.The surge in spending on chips, cloud infrastructure and data centers has led large technology companies, known as hyperscalers ...
16 hours ago
Three in four S-Reits surveyed are preparing for sustainability assurance readiness: PwC Singapore
Chloe Lim - This signals how the need to strengthen data quality, processes and controls is increasingly recognised in the sector
16 hours ago
HSBC deepens Asia startup push three years after Silicon Valley Bank deal
Benjamin Cher - Its Innovation Banking unit has styled itself as a one-stop shop for businesses just starting up or expanding
16 hours ago
Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS
Ry-Anne Lim - It is driven by ‘distinct buyer profiles with differing capacities and capital outlays’
16 hours ago
Malaysia extends search for missing flight MH370 by one year
A remaining area of 7,428.54 sq km will be searched
16 hours ago
SIA inks joint venture pact with Air China to enhance route coordination, revenue sharing
Shikhar Gupta - The carriers will also ‘deepen cooperation’ between their KrisFlyer and PhoenixMiles frequent flyer programmes
16 hours ago
Oil rises on US-Iran strikes; gains capped by shipping hopes
LONDON, June 29 : Oil rose almost 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal while expectations of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iran and the U.S. agreed to renew talks over the st ...
16 hours ago
Oil steadies as US and Iran agree to halt attacks
LONDON, June 29 : Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks. The two countries also agreed to renew talks over the Strait of Ho ...
16 hours ago
Oil rises on US-Iran strikes; cautious hopes for shipping cap gains
HOUSTON, June 29 : Oil prices gained more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams wo ...
16 hours ago
Amity opens AI hub in Singapore; targets US$200 mil in annualised revenue
Nurdianah Md Nur - Amity has opened a Singapore office and AI Research & Application Centre (ARAC) after raising US$100 million ($129 million) in a Series D funding round. The round was led by EDBI, alongside Asia Partners and SMDV, with participation from existing and new investors, including CMLIM Capital. The T ...
17 hours ago
JPMorgan adds Singapore dollar to blockchain network for 24/7 corporate payments
Shikhar Gupta - Kinexys will allow on-chain foreign exchange with six other major currencies
17 hours ago
Nikkei reverses course to end Monday higher as chip-related shares cut losses
The broader Topix rose 0.47 per cent to 3,982 points
17 hours ago
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
Lee Su Shyan - The tech and investment veteran says humans must bring soft skills to the table and let AI handle the facts
17 hours ago
Hormuz traffic drops off as vessel attacks raise fresh concerns
The strait presents a litmus test of whether disrupted supply chains can start normalising
17 hours ago
Lindt heads for worst quarter in 17 years on price-hike fallout
The Swiss company raised prices last year by nearly 20 per cent on the back of surging cocoa prices
17 hours ago
OCBC's Lim downgrades Sats to 'hold' following recent gains
S - Ada Lim of OCBC Group Research has maintained her fair value for Sats at $4.20 but has downgraded her call from "buy" to what she calls a "non-consensus hold" as the company's current share price has exceeded what she deems is worth based on current estimates. From a recent ...
18 hours ago
SGX to see continued SDAV upside from EQDP cycle: DBS, RHB
Felicia Tan - Analysts from DBS Group Research and RHB Bank Singapore have raised their target prices on Singapore Exchange (SGX) as they see the Equity Market Development Programme (EQDP) continuing to anchor the exchange’s securities daily average value (SDAV). SGX, on June 10, reported an SDAV of $2.4 billio ...
18 hours ago
BT, Verizon join forces to create US$4 billion international joint venture
A chief executive officer-designate has been appointed for the new company