4 hours ago
Struggling Nike will cut around 1,400 jobs in efficiency push
Its shares have lost more than half their value in the last three years
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
4 hours ago
Iran shows off its control over Hormuz strait, Israel warns of further attacks
The US, despite its more powerful military, is struggling to keep control of the strait
5 hours ago
US stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
Markets had rallied in recent weeks on hopes of an Iran war resolution
5 hours ago
Exclusive-SpaceX warns that inquiries into sexually abusive AI imagery may hurt market access
MEMPHIS, Tennessee, April 23 : The multiple investigations into xAI’s creation and dissemination of sexually abusive imagery may lead the company to lose access to certain markets, parent company SpaceX warned in a prospectus reviewed by Reuters.In a section on risk factors, the S-1 regulatory fil ...
5 hours ago
Oil jumps as Iran tensions simmer with Hormuz flows blocked
OIL jumped amid fresh signs of escalation in the Iran war, dimming prospects for an imminent resumption of flows through the Strait of...
5 hours ago
European shares muted as investors assess Middle East developments, corporate earnings
EUROPEAN shares were little changed on Thursday as investor worries over collapsed US-Iran peace talks and weak economic data outweighed upbeat corporate...
6 hours ago
Trading Day: Geopolitical reality check
ORLANDO, Florida, April 23 : Oil prices jumped and Wall Street fell on Thursday, with the Nasdaq having its worst day in a month, as fading hopes of a U.S.-Iran peace deal soured recent optimism around the U.S. earnings season and tech companies in particular. In my column today, I look at the resil ...
6 hours ago
German software maker SAP beats first-quarter profit estimates on cloud demand
April 23 : Europe's largest software maker SAP on Thursday reported a 17 per cent increase in first-quarter profit, beating estimates, due to strong growth in its cloud business.U.S.-listed shares of SAP were up 5.4 per cent after the results.The company also maintained its full-year outlook fo ...
6 hours ago
SAP reports rise in quarterly profit as cloud demand holds up
April 23 : Europe's largest software maker SAP on Thursday reported a 17 per cent increase in first-quarter profit, boosted by strong cloud demand.Cloud revenue rose to 5.96 billion euros ($6.96 billion) in the quarter, up from 4.99 billion euros a year ago, the German company said.SAP continue ...
7 hours ago
UK regulator closes loophole that allowed rogue companies to track phone users' location
April 23 : British authorities say they have closed a loophole that could allow rogue actors to secretly track mobile phone users through the international telecommunications system.In a statement, the U.K. regulator Ofcom said it had banned the leasing of so-called "Global Titles," which ...
7 hours ago
Intel forecasts second-quarter revenue above estimates, shares jump 19%
April 23 : Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company's server processors used for artificial intelligence in data centers.Shares of Intel surged 19 per cent in extended trading, adding $64 billion to its market ...
7 hours ago
Intel forecasts second-quarter revenue above estimates
April 23 : Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the chipmaker's server chips used in artificial-intelligence data centers. Intel shares jumped roughly 12 per cent in extended trading on Thursday.The company expects rev ...
8 hours ago
US sets preliminary antidumping duties on solar imports from India, Indonesia and Laos
April 23 : The U.S. Commerce Department on Thursday announced preliminary antidumping duties on solar cells and panels imported from India, Indonesia and Laos, the latest in a string of tariffs imposed over a decade on cheap solar imports from Asia.According to a fact sheet posted on the Commerce De ...
8 hours ago
Electrolux plans about $1 billion share issue, tie-up with Midea in North America to shake up ops
April 23 : Swedish appliance maker Electrolux said on Thursday it would launch a 9 billion Swedish crown ($976.34 million) rights issue and unveiled a tie-up with rival Chinese Midea Group in North America to form three joint ventures as it restructures its operations.One of the joint ventures will ...
9 hours ago
'Cretaceous Kraken' prowled the seas during the age of dinosaurs
WASHINGTON, April 23 : The Kraken is a huge tentacled sea monster from Norse folklore that drags ships and sailors down into the deep. During the age of dinosaurs, new research shows, there existed a creature as close to a real-life Kraken as you could possibly get - an enormous octopus that prowled ...
9 hours ago
Brazil regulator approves deeper probe into Google's news content use
SAO PAULO, April 23 : Brazil's antitrust watchdog CADE approved on Thursday a recommendation to deepen investigations into the use of journalistic content by Alphabet's Google, which would assess potential abuse of the company's dominant market position.CADE's members backed a pr ...
10 hours ago
Microsoft offers voluntary retirement to about 7% of US workers
Eligible workers include personnel whose years of service plus their age totals 70 or more
11 hours ago
Vin’s Holdings announces probe into irregular payments linked to ex-employee
Derryn Wong - Early findings show that the ex-employee overrode internal controls to move S$44,300 to an entity he controlled
11 hours ago
America Movil's Claro open to further acquisitions in Brazil after Desktop deal
SAO PAULO, April 23 : Telecom operator Claro, owned by Mexico's America Movil, is open to new deals in Brazil following its recently announced purchase of internet provider Desktop."We analyze all the options that come our way," Claro's Brazil CEO Rodrigo Marques told reporters i ...
11 hours ago
Microsoft plans first voluntary employee buyout, CNBC reports
Microsoft is planning its first voluntary employee buyout in the Windows maker's 51-year history, CNBC reported on Thursday (Apr 23), citing a memo.Like other United States tech giants, Microsoft has been spending aggressively on artificial intelligence. But adoption of one of its flagship AI s ...
11 hours ago
In two Amazon units, 'builder' replaces traditional job titles
SAN FRANCISCO, April 23 : During Amazon’s annual review season now under way, hundreds of employees will see their job titles stripped.The company is not punishing underperformers. Rather, in a test, it is tossing out traditional titles for white-collar workers in charge of product at its Ring and ...
12 hours ago
Goldman seeks over US$20 million from ex-star banker after 1MDB fraud
The bank claims Leissner transferred some money into accounts and shell entities in his wife’s name
12 hours ago
Vin’s Holdings announces ongoing investigation into irregular transactions; police report filed
Teo Zheng Long - Vin’s Holdings (SGX: VIN ) has uncovered certain irregular transactions involving payment made to invoices issued to Vin’s subsidiaries, Vin’s Credit and Vin’s Automotive Group by a certain entity, following the resignation and departure of a former key executive officer on April 16. Accordi ...
12 hours ago
iFast Q1 profit up 49.4% to S$28 million
Derryn Wong - Revenue is up 49% to S$136.8 million; its wealth management and Hong Kong ePension businesses are more profitable
12 hours ago
Kin Global closes at 26.5 cents on debut day of trading; reaches intra-day high of 27.5 cents
Teo Zheng Long - Kin Global Limited (Kin Global) closed at 26.5 cents on its debut day of trading on April 23, 15.2% higher than the IPO price of 23 cents per share. Trading commenced at 9am on April 23 at 27 cents and reached an intra-day high of 27.5 cents. By the end of the trading day, approximately 12.5 million ...
12 hours ago
Milan tech firm Bending Spoons picks banks for $20 billion US listing, sources say
MILAN/NEW YORK, April 23: Bending Spoons, a European tech firm whose business model is based on reviving companies, has picked banks to organise a potential $20 billion U.S. initial public offering this year, two people close to the matter said.The Milan-based firm, whose name is inspired by the Hol ...
12 hours ago
Warner Bros shareholders back US$110 billion merger with Paramount Skydance
Warner Bros Discovery shareholders on Thursday (Apr 23) backed the company's proposed US$110 billion merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal.Under the pay packages proposed to executives, CEO David Zaslav could receive up t ...
13 hours ago
Ascott shuts Newton training centre ahead of lease expiry, lays off 6 staff
Chong Xin Wei - [SINGAPORE] Ascott, the wholly owned lodging business unit of CapitaLand Investment, is winding down its hospitality training centre in Newton and laying...
13 hours ago
Stocks retreat as US-Iran peace talks stall
LONDON: Stock prices fell across the board Thursday (Apr 23) from their recent highs as investors tempered enthusiasm for a quick end to the Middle East war.The benchmark international oil contract, Brent North Sea crude, was back above US$100 a barrel, threatening widespread inflation that could de ...
13 hours ago
Stocks mostly fall as US-Iran peace talks stall and oil prices rise
Uncertainty over the Middle East war left investors worried, with one analyst saying there is still “a tug of war between the fundamentals.”
13 hours ago
Q&M’s Ng in married deal with Asdew Acquisitions, Han Seng Juan and Bryan Lim involving 27 mil shares at 60 cents each
Teo Zheng Long - Dr Ng Chin Siau, founder and CEO of Q&M Dental Group (SGX: QC7 ) , is yet again involved in another private, off-market transactions with external parties. In an April 23 SGX filing, Quan Min Holdings, an entity used by Ng and related parties to control Q&M Dental Group, disposed 27 million ...
13 hours ago
First REIT's DPU fell by 13.8% y-o-y in 1Q2026
The Edge Singapore - First REIT had a challenging 1Q2026 due to currency headwinds. Rental and other income declined 8.4% y-o-y to $23.2 million in 1Q2026. Net property and other income fell 8.3% y-o-y to $22.5 million over the same period. The decrease in rental and other income was primarily due to the loss of income ...
13 hours ago
BP chairman overcomes shareholder backlash to win first election
Slightly more than 81.8% of shareholders vote in favour of Albert Manifold
13 hours ago
Wall St opens lower on Middle East impasse, mixed earnings
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Apr 23), with investors hesitant to extend the recent equities rally in...