2 days ago
US regulator grants crypto firms initial approval to launch trust banks
The regulator still has to sign off with a final stamp of approval before each of the trust banks can begin to...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Bitcoin hoarding company Strategy remains in Nasdaq 100
Concerns have grown over the sustainability of crypto treasury companies
2 days ago
Musk’s X posts higher sales amid costly turnaround
The company has historically made the bulk of its revenue from advertising
2 days ago
Intel nears US$1.6 billion deal for AI chip startup SambaNova
Intel CEO Tan Lip-Bu is chairman of the startup
2 days ago
Ghost oil ships dock in Venezuela, showing challenge for US
The International Energy Agency estimates the current oversupply at a record 3.8 million barrels a day
2 days ago
UltraGreen.ai ID Hsieh buys more shares; stabilising action completed
The Edge Singapore - Hsieh Fu Hua, an independent director of newly-listed UltraGreen.ai, has again bought more shares of the company. On Dec 12, Hsieh, a former CEO of SGX, paid US$1.44 each for 120,000 shares. This brings his total holdings to 300,000 shares. He first bought the company's shares on Dec 9, paying ...
2 days ago
Oracle denies report on OpenAI data centre delays
Investors have sold off the company’s stock and bonds
2 days ago
Google faces 110 million euros French asset freeze after Russian ruling, documents show
The company has faced multiple fines from Moscow
2 days ago
Fed officials split over risks to US economy going into 2026
The Fed cut its benchmark rate by a quarter percentage point for a third consecutive meeting in response to rising unemployment
2 days ago
‘Deep respect’: Abu Dhabi seeks deeper ties, stronger investment flows with Singapore
Renald Yeo - Trade between the UAE and Singapore exceeds US$18 billion in 2024
2 days ago
Singapore MBAs draw stronger interest amid global visa tightening and career shifts
Low Youjin - HR firms say such degrees are most valuable for those in senior leadership roles, even as more mid-career professionals explore them to...
2 days ago
Oil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year
2 days ago
Wall Street ends lower; fears of AI bubble and inflation send investors away
Other companies that have benefited from AI bets but went into reverse on Friday included SanDisk
2 days ago
AI jitters knock Stoxx 600 lower, wiping out early-week gains
Investors also favour a likelihood of White House economic adviser Kevin Hassett becoming the next Fed chair, a scenario that could lead...
2 days ago
Juventus 'not for sale' say Agnellis, rejecting crypto giant Tether's bid
MILAN, Dec 13 : Italy's Agnelli family has no intention of selling Juventus to crypto group Tether or anyone else, the CEO of their holding company said on Saturday, rejecting Tether's shock offer for Italy's most successful soccer club."Juventus, our history and our values are n ...
2 days ago
Crypto giant Tether tests Agnelli family resolve with all cash bid for Juventus
MILAN, Dec 12 : The Agnelli family has no intention of selling Juventus to crypto group Tether or anyone else, sources close to the family's holding company Exor said, after Tether bid for Italy's most historically successful soccer club.Tether said on Friday it had submitted an all-cash p ...
2 days ago
Juventus is not for sale, sources close to Exor say, after Tether bid
Milan, Dec 12 : The Agnelli family has no intention of selling Juventus to crypto group Tether or anyone else, sources close to the family's holding company Exor said, after Tether bid for Italy's most historically successful soccer club.Tether said on Friday it had submitted an all-cash p ...
2 days ago
Crypto group Tether submits offer to buy Italian soccer club Juventus
Milan, Dec 12 : Crypto group Tether said on Friday it has submitted an all-cash proposal to the holding company of the Agnelli family to buy its entire stake in Italy's most historically successful soccer club Juventus.Tether, the issuer of a U.S. dollar-referenced stablecoin dubbed USDT, has a ...
2 days ago
Stocks drop as AI exuberance worries linger; US yields jump
NEW YORK, Dec 12 : Major stock indexes were down sharply on Friday, with technology-related shares falling again as investors were wary of artificial intelligence bets, while the dollar and U.S. Treasury yields edged higher after recent losses.Cloud computing company Oracle earlier this week flagged ...
2 days ago
Stocks fall as tech fears stay; dollar up, but on track for third weekly drop
NEW YORK, Dec 12 : Major stock indexes were down sharply on Friday, with technology-related shares falling again as investors were wary of artificial intelligence bets, while the dollar and U.S. Treasury yields edged higher after recent losses.Cloud computing company Oracle earlier this week flagged ...
2 days ago
Google faces $129 million French asset freeze after Russian ruling, documents show
PARIS/MOSCOW, Dec 12 - The administrator of Google's defunct Russian business has obtained a temporary freeze on some 110 million euros ($129 million) of the Alphabet-owned company's assets in France, official orders seen by Reuters show.The move represents a rare attempt by Russian author ...
2 days ago
Oracle denies report on OpenAI data center delays
Dec 12 : Oracle denied on Friday a media report that it was delaying OpenAI-related data centers, following investor worries over its debt-fueled AI infrastructure buildout.Bloomberg News had earlier in the day reported that Oracle had pushed back the completion dates for some data centers it is dev ...
2 days ago
Oracle pushes back several data centers for OpenAI to 2028, Bloomberg News reports
Dec 12 : Oracle has pushed back the completion dates for some of the data centers it is developing for OpenAI to 2028 from 2027, Bloomberg News reported on Friday citing people familiar with the work.The company's shares were down nearly 5 per cent. Shares of Nvidia, AMD, Micron and Arm were do ...
2 days ago
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
NEW YORK, Dec 12 : Netflix says it must acquire Warner Bros Discovery to compete with YouTube, but antitrust experts doubt regulators will buy that argument.The streaming giant’s $72 billion takeover of Warner Bros Discovery’s studios and HBO Max will face scrutiny from U.S. and global regulator ...
2 days ago
Data center REIT Fermi drops 34% after potential customer backs out of funding deal
Dec 12 : Shares of Fermi plunged 34 per cent on Friday after the data center real estate investment company said a prospective tenant had terminated a deal to help fund construction at its Texas site, dealing a setback to the newly listed firm. Under the terms of the agreement, the undisclosed custo ...
2 days ago
White House will work with Congress on single framework for AI, adviser says
WASHINGTON, Dec 12 : The Trump administration will work with Congress in coming weeks and months to craft a single national framework to regulate developments in the field of artificial intelligence (AI), White House adviser Sriram Krishnan told CNBC on Friday.Krishnan told CNBC's "First o ...
2 days ago
In Depth: China bad-debt managers’ bet on bank stocks could backfire
A new player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to...
3 days ago
Shenzhen government acquires portion of Hutchison Port Holdings’ land for 15.6 million yuan
Derryn Wong - The 7,775 sq m acquisition is for a land-sea corridor and rail link development
3 days ago
EU to impose 3 euro duty on small e-commerce parcels from July 2026
BRUSSELS, Dec 12 : European Union finance ministers agreed on Friday to set a 3 euro ($3.52) custom duty on low-value parcels arriving in the bloc, part of an attempt to crack down on cheap Chinese e-commerce imports such as from online retailers Shein and Temu.The duty will apply from July 1, 2026, ...
3 days ago
Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
KARACHI, Dec 12 : Pakistan has signed a memorandum of understanding with crypto exchange Binance to explore the "tokenisation" of up to $2 billion in sovereign bonds, T-bills and commodity reserves to boost liquidity and attract investors, the finance ministry said on Friday.Separately, Pa ...
3 days ago
Pakistan allows Binance, HTX to start process of applying for crypto exchange licences
KARACHI, Dec 12 : Pakistan has given initial clearance for Binance, one of the world's largest crypto exchanges, and HTX, a digital-asset platform, to register with regulators, set up local subsidiaries and begin preparing full exchange licence applications, the virtual assets authority said on ...
3 days ago
Analysis:Oracle-Broadcom one-two punch hits AI trade, but investor optimism persists
NEW YORK, Dec 12 : The red-hot trade backing artificial intelligence-related stocks has taken a bruising from back-to-back troubling updates from Oracle and Broadcom, reigniting concerns about frothy valuations and an AI bubble.Still, investors say reasons for optimism about AI remain intact, and ma ...
3 days ago
Analysis:Oracle's stumble hits AI trade, but many remain bullish
NEW YORK, Dec 12 : The red-hot trade backing artificial intelligence-related stocks has taken a bruising from a disappointing report from Oracle, reigniting concerns about frothy valuations and an AI bubble.Still, investors say reasons for optimism about AI remain intact, and many are wary about cal ...
3 days ago
Analysis:Musk's Mars mission adds risk to red-hot SpaceX IPO
WASHINGTON, Dec 12 : Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns. SpaceX, which tr ...