6 hours ago
Cambricon aims to triple chip output to replace Nvidia in China
The company is preparing to deliver half a million artificial intelligence accelerators in 2026
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
6 hours ago
BT launches sovereign data platform for business and public sector
LONDON, Dec 4 : Britain's BT launched a sovereign data platform for its public-sector and business customers on Thursday to store and process their data in the country, responding to increasing demand for higher levels of resilience.Data sovereignty is a growing issue for companies and governme ...
6 hours ago
Russia blocks Apple's FaceTime in mounting push against foreign tech platforms
Dec 4 : Russia has blocked Apple's video-calling app FaceTime, the state communications watchdog said on Thursday, as part of an accelerating clampdown on foreign tech platforms that authorities allege are being used for criminal activity.The move follows restrictions against Google's YouT ...
6 hours ago
Russia imposes restrictions on Apple's FaceTime app, agencies say
MOSCOW, Dec 4 : Russia has introduced restrictions against Apple's video-calling app FaceTime, widely used in the country after the government restricted WhatsApp and Telegram call services, Russian news agencies reported on Thursday.
6 hours ago
Exxon to permanently shut one steam cracker in Singapore from March: Sources
SINGAPORE: ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore's Jurong Island from March, four sources familiar with the matter said, part of a global petrochemicals sector trend to reduce capacity amid industry losses.The shutdown of the plant, which o ...
6 hours ago
Wealth of Singapore billionaires third highest in Apac at US$258.8 billion: report
Tan Nai Lun - Apac billionaires include the Zhang brothers behind Mixue; Tron blockchain’s Justin Sun
6 hours ago
Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks
Young Zhan Heng - Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own M&A deals
6 hours ago
Singapore, Malaysia to work on cross-border links with improved taxi scheme, co-located RTS clearance
Tessa Oh - Malaysia agrees to Singapore’s proposal to open consulates in Sabah and Sarawak, deepening ties between both nations
7 hours ago
ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June
7 hours ago
Britain fines porn website $1.3 million over age checks failure
LONDON, Dec 4 : Britain fined a porn website company 1 million pounds ($1.33 million) on Thursday for not having robust age checks in place to protect children, the biggest penalty to be imposed under its new online safety regime. Media regulator Ofcom said it fined AVS Group Ltd, an operator of 18 ...
7 hours ago
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
The miner would take a 4% cut in unit costs from 2024 to 2030
7 hours ago
India central bank to tolerate weaker rupee as inflows dry up
[MUMBAI] India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap...
8 hours ago
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore is benefiting
Chloe Lim - Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030
8 hours ago
Reits are emerging as ‘powerful tools’ to fund rocketing data centre costs – Singapore benefits
Chloe Lim - Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030
8 hours ago
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore benefits
Chloe Lim - [SINGAPORE] Data centres are expensive - to construct and to operate, as they are also power-guzzling.
9 hours ago
Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses
Tan Nai Lun - The Singapore firm has filed arbitration for Japanese claimants; expects to file for Singapore, Hong Kong groups by Q1 2026
9 hours ago
SGX not exploring or considering bid for Cboe Australia
[SINGAPORE] Singapore Exchange said it’s not considering buying Cboe Global Markets’ Australian unit, refuting an earlier Australian Financial Review report.
9 hours ago
Tickrs Financial initiates coverage on Nanofilm with ‘buy’ call and target price of 75 cents
Teo Zheng Long - Tickrs Financial analyst Jaimes Chao, has initiated a “buy” call on Singapore-based deep-tech company Nanofilm Technologies International with a target price of 75 cents. In his Dec 4 report, Chao notes that Nanofilm’s earnings are rebounding strongly after a difficult FY2023. FY2024’s reven ...
9 hours ago
Johor’s Ibrahim Technopolis shifts into high gear to tap Singapore’s data centre rush
It aims to be an ‘innovation sandbox’ where companies can test solutions in a live environment before scaling regionally
9 hours ago
Morgan Stanley considers offloading some of its data-centre exposure
Esteban Duarte, Paula Seligson and Davide Scigliuzzo / Bloomberg - Morgan Stanley, one of the key players in financing the artificial-intelligence race, is considering offloading some of its data-centre exposure via a so-called significant risk transfer. The bank has held preliminary talks with potential investors about an SRT tied to a portfolio of loans to busine ...
9 hours ago
Trump wants Asia’s ‘cute’ Kei cars to be made and sold in US
The ultra-compact cars are tailored to narrow roads with an affordable price tag to match their size
10 hours ago
Meta subject to EU antitrust investigation over plan to block AI rivals in WhatsApp
BRUSSELS, Dec 4 : Meta Platforms was subject to another EU antitrust investigation on Thursday over its rollout of artificial intelligence features in its WhatsApp messenger that would block rivals, as Big Tech's use of generative AI comes under increasing scrutiny. The European Commission op ...
10 hours ago
EU to launch antitrust probe into Meta over use of AI in WhatsApp, FT reports
Dec 4 : Brussels is planning a new antitrust investigation into Meta Platforms over the rollout of artificial intelligence features within WhatsApp, the Financial Times reported on Thursday.Reuters could not immediately verify the report. Meta did not immediately respond to a Reuters request for com ...
10 hours ago
Micron to exit consumer memory business amid global supply shortage
The company has long been shifting focus to its HBM business
10 hours ago
Thai consumer confidence hits 6-month high in November, survey shows
BANGKOK, Dec 4 : Thai consumer confidence rose for a third consecutive month in November to reach its highest level in six months, helped by government policies and support for domestic tourism, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce rose to ...
10 hours ago
Singapore Shopping Centre takes another stab at collective sale with S$200 million price tag
Deon Loke - Its most recent transaction attempt in August carried the same asking price
10 hours ago
Singapore Shopping Centre relaunched for sale at S$200 million
Deon Loke - Its most recent sales attempt in August carried the same asking price
11 hours ago
Australia's Optus restores nbn services across Brisbane, parts of Queensland after outage
Dec 4 : Australian telecom company Optus has fully restored its National Broadband Network (nbn) services in Brisbane and other affected areas of Queensland following a recent outage, a company spokesperson said on Thursday. About 95,000 customers in Brisbane and parts of Queensland faced an outage ...
11 hours ago
Asian markets stumble as traders struggle to hold Fed cut rally
Market players remain confident that the Fed will continue to cut interest rates into the new year
11 hours ago
Hikvision challenges US decision to expand crackdown on Chinese telecom gear
WASHINGTON, Dec 3 : Chinese manufacturer Hikvision said on Wednesday its U.S. arm has challenged a new Federal Communications Commision rule that allows Washington to tighten rules on telecoms gear made by Chinese companies deemed security risks.In October, the U.S. telecoms regulator voted 3-0 to b ...
11 hours ago
Bitcoin miners hunted after stealing US$1 billion of electricity from Malaysia grid
Cracking down on illegal Bitcoin mining gangs has become a cat-and-mouse game in the country
12 hours ago
BOJ's Ueda flags uncertainty on how far rates can go up
TOKYO, Dec 4 : Bank of Japan Governor Kazuo Ueda said on Thursday there was uncertainty on how far the central bank could raise interest rates due to the difficulty of estimating the country's neutral rate of interest."Unfortunately, the neutral rate of interest is a concept for which we c ...
12 hours ago
Ship rates spiking 467% marks upended trade across commodities
Freight costs typically dip at year-end due to seasonal weakness in demand
12 hours ago
China floods the world with gasoline cars it can’t sell at home
China’s gasoline-vehicle exports alone – not including EVs and plug-in hybrids – made it the world’s largest auto-exporting nation by volume in 2024