14 hours ago
Undergrads to get hands-on AI finance training; sector to offer over 1,000 internships, traineeships
Renald Yeo - Young Talent Programme for AI in Finance is part of a broader push by MAS and IBF to expand talent pathways
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
Frencken shares fall 15.5% after Q1 earnings dive
Deon Loke - The technology solutions provider posts a 20.2% drop in net profit
14 hours ago
Japan ready to act on FX volatility, mindful of US bond market impact
PARIS, May 18 : Japan stands ready to act against excessive foreign exchange volatility at any time, while ensuring that any yen-buying, dollar-selling intervention is conducted in a way that avoids pushing up U.S. Treasury yields, officials said on Monday."As we have stated previously, we will ...
15 hours ago
Meta moves 7,000 workers into AI roles ahead of job cuts
Employees will move into one of several new groups focused on AI-related products, including agents and apps
15 hours ago
Australia's TechnologyOne sees opportunity in British local government changes
May 19 : Australia's TechnologyOne on Tuesday said it expects to continue benefitting from cost cuts at a time when a surge of populist lawmakers is set to come to power in British local governments, among the company's top clients.TechnologyOne, which sells interactive software with embed ...
15 hours ago
Stocks to watch: CDL, Lendlease Global Commercial Reit, Frencken, Geo Energy, Ever Glory
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect the trading of their securities on Tuesday (May 19):
15 hours ago
Saint Laurent CEO admits brand must do more to retain luxury shoppers
Cedric Charbit says Saint Laurent has focused heavily on its wealthiest clients, while aspirational customers have fallen through the cracks during the luxury slowdown.
16 hours ago
Gold extends gain as hopes for Iran truce ease inflation fears
The precious metal rises as much as 0.4% to trade around US$4,585 an ounce
16 hours ago
Google, Blackstone to launch AI cloud venture to meet data centre demand
May 18 : Alphabet's Google and Blackstone said on Monday that they will form an artificial intelligence cloud business venture aimed at capitalising on an insatiable demand for AI computing services.Blackstone, the world's largest alternative asset manager, will invest an initial $5 billio ...
16 hours ago
Google, Blackstone plan AI cloud venture with $5 billion backing, WSJ reports
May 18 : Alphabet's Google and Blackstone plans to launch an artificial-intelligence cloud company using Google's specialized chips, the Wall Street Journal reported on Monday, citing sources.Blackstone, the world's largest alternative asset manager, is expected to contribute $5 billi ...
16 hours ago
DBS maintains 'buy' call and $12 target price on CDL following the return of 'experienced steward' Kwek Leng Peck
The Edge Singapore - Tabitha Foo of DBS Group Research has maintained her positive view on City Developments after news that Kwek Leng Peck - "an experienced steward" - has rejoined the company's board after six years. Leng Peck, cousin of executive chairman Kwek Leng Beng and uncle of group CEO Sherman K ...
16 hours ago
Japan's solid Q1 GDP faces reality check as Iran war threatens economy
TOKYO, May 19 : Japan's economy grew faster than expected in the first quarter on solid exports and consumption, data showed, though momentum will face a severe test as the full force of the energy shock from the Iran war filters through businesses and consumers.The data will be one of the key ...
16 hours ago
Japan's economy grows at solid pace in Q1, but Iran war set to upend momentum
TOKYO, May 19 : Japan's economy grew faster than expected in the first quarter on solid exports and consumption, data showed, though momentum will face a severe test as the full force of the energy shock from the Iran war filters through businesses and consumers.The data will be one of the key ...
16 hours ago
Japan's economy grew more than expected in Q1
TOKYO, May 19 : Japan's economy grew an annualised 2.1 per cent in the first quarter, data showed on Tuesday, a sign it was on a solid recovery path before the energy shock caused by the Middle East conflict muddled the outlook.The increase in Japan's real gross domestic product (GDP) was ...
16 hours ago
Bank Indonesia to hike interest rates on May 20, slim majority of economists said
BENGALURU, May 19 : Bank Indonesia will hike its key policy rate by 25 basis points on Wednesday, according to a slim majority of economists in a Reuters poll who said the weak rupiah could lead the central bank to tighten policy.The rupiah, already under pressure from concerns about fiscal manageme ...
16 hours ago
StanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030
The bank says the next phase of its growth would be aided by a more integrated operating model
16 hours ago
Japan's economy expands annualised 2.1% in Q1, above forecast
TOKYO, May 19 : Japan's economy grew an annualised 2.1 per cent in the first quarter, government data showed on Tuesday, compared with the median market forecast for a 1.7 per cent gain.The growth in gross domestic product (GDP) translated into a quarterly increase of 0.5 per cent, which compar ...
16 hours ago
Elon Musk loses case against Sam Altman over OpenAI’s overhaul; verdict removes obstacle to IPO
Judge says possible Musk appeal would face uphill battle
16 hours ago
OpenAI defeats Elon Musk’s lawsuit, removes obstacle to IPO
Judge says possible Musk appeal would face uphill battle
17 hours ago
Oil falls as Trump holds off on scheduled attack on Iran
LONDON, May 19 : Oil prices fell on Tuesday, with global benchmark Brent crude dropping 1.5 per cent, after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East. Trump posted on social media on Monday that he was holding ...
17 hours ago
Oil falls over 2% as Trump says he holds off scheduled attack on Iran
May 19 : Oil prices fell more than 2 per cent in early Asian trade on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East. Brent futures for July delivery fell $3.01, or 2.7 per cent, to $109.09 a barrel as ...
17 hours ago
New coalition to mobilise demand and financing for carbon credits
Lin Daoyi - Seeking to catalyse investment in credible climate solutions, strengthen market confidence and enable broader corporate participation in global carbon markets, the Action for a Resilient Climate (ARC) Coalition, was launched on May 18 at the GenZero Climate Summit 2026, which is held during Ecosperi ...
17 hours ago
SEC readies plan for trading crypto versions of stocks, Bloomberg News reports
May 18 : The Trump administration plans to unveil a framework for trading tokenized or digital versions of securities, Bloomberg News reported on Monday, citing people familiar with the matter.The U.S. Securities and Exchange Commission is expected to release an "innovation exemption" for ...
17 hours ago
Inside Singapore’s push to transform manufacturing through AI and automation
Low Youjin - Cost, labour and competitive pressures push manufacturers to artificial intelligence, advanced engineering
17 hours ago
Economic Strategy Review makes a case not just for staying the course, but also knowing when to quit
Janice Heng - Under certain proposals, companies need to know when to wind up, and some workers may need to accept lower pay
17 hours ago
Want to beat rising inflation? These SGX-listed funds and stocks offer dividends of at least 3%
Chloe Lim - iShares US dollar Asia High-yield bond index ETF leads the pack with a 7.3% dividend yield
17 hours ago
Lenovo has handed Fifa an AI gold mine, but monetising fandom is a tough sell
Shikhar Gupta - Football’s world governing body promises mass personalisation at the World Cup, but experts say poor execution could trigger fan backlash
17 hours ago
AI startup Mistral to nearly treble Singapore headcount as it eyes growth in South-east Asia
Young Zhan Heng - With the city-state as a base, it aims to grow its presence in Thailand, Malaysia and elsewhere in region
17 hours ago
Trump says ‘good chance’ of Iran nuclear deal after delaying strike
Iran sends new peace proposal via Pakistan, progress described as difficult by Pakistani source
17 hours ago
Trump says holding off on new Iran strikes after Gulf appeal, ‘very good chance’ of nuclear deal
Iran sends new peace proposal via Pakistan, progress described as difficult by Pakistani source
17 hours ago
Exclusive-Meta lays out details of May 20 restructuring in internal document
NEW YORK, May 18 : Meta detailed its layoff plans for this week in a memo shared with employees on Monday, saying cuts to its workforce globally would be accompanied by a fresh round of organizational changes aimed at improving the company's AI workflows.The Facebook owner is planning to lay of ...
17 hours ago
SE Asia can actualise US$395 bil capital deployment in power, grid and EV value chain over next 5 years: report
Lin Daoyi - A new report by Bain & Company and Standard Chartered Bank suggests that Southeast Asia could boost green capex deployment for power, grids and the electric vehicle (EV) value chain by US$80 ($102) billion to US$395 billion between 2026 and 2030, provided the region resolves systemic issues. Acc ...
17 hours ago
Anthropic to let partners share Mythos cybersecurity findings with others
May 18 : Anthropic said on Monday it is revising its earlier position to allow users of its Mythos cybersecurity model to share information about cyber threats with others who may be exposed to similar vulnerabilities. Mythos, announced on April 7, is being deployed as part of Anthropic's " ...
17 hours ago
Nasdaq leads equity losses with oil, borrowing costs in focus
This is the second straight decline for the Nasdaq and the S&P 500