8 hours ago
Waymo seeking about US$16 billion near US$110 billion valuation
The startup plans to aggressively expand the commercial service this year to many more American cities, as well as to the UK
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
8 hours ago
US FDA launches programme to boost domestic drug manufacturing
It’s in line with President Donald Trump’s executive order in May to shift manufacturing of drugs to the US
8 hours ago
X back up after brief outage hits US users, Downdetector shows
ELON Musk’s social media platform X was back up after a brief outage affected more than 19,000 US users on Sunday, according...
8 hours ago
Warsh’s return revives tensions over the Fed’s US$6.6 trillion QE hangover
Money markets in particular have proved sensitive to even the slightest changes in the amount of liquidity in the system
9 hours ago
Dutch airline KLM resumes flights to Middle East
[AMSTERDAM] Airline KLM is resuming flights to Israel, the United Arab Emirates and Saudi Arabia, it said late on Saturday, after previously announcing it...
9 hours ago
KKR-led group nears deal to buy Singapore data-center firm STT GDC, WSJ reports
The $13 billion deal would rank as one of Asia's largest data centre transactions if achieved.
9 hours ago
KKR-led group nears deal to buy Singapore data centre firm STT GDC: Report
The S$13 billion deal would rank as one of Asia's largest data centre transactions if achieved.
14 hours ago
X down for thousands of US users, Downdetector data finds
Feb 1 : Elon Musk's social media platform X was down for thousands of users in the United States on Sunday, according to Downdetector.com.There were more than 19,281 reports of issues with the social media platform formerly known as Twitter, as of 11:19 a.m. ET, according to Downdetector, which ...
15 hours ago
Far East Organization unit sells 51 Tuas View Link to PGIM, Northstar Capital for $121.1 mil
Jovi Ho - PGIM’s real estate business and Asia Pacific real estate investment firm Northstar Capital Logiprop have acquired an industrial property at 51 Tuas View Link for $121.1 million from Urban Park, a unit of Far East Organization. Situated within Singapore’s core industrial heartland in Tuas, 51 Tua ...
15 hours ago
Opec+ agrees to keep oil output unchanged as Iran tensions boost prices
They will raise production quotas by about 2.9 million barrels per day from April till December 2025, roughly 3% of global demand.
16 hours ago
Heavy earnings week, jobs data to test US stocks after Microsoft swoon
Results are due from about one-quarter of S&P 500 companies including Alphabet, Amazon, Lilly
17 hours ago
Nio’s January deliveries jump over 96%; cumulative deliveries top 1 million
Low Youjin - But last month’s deliveries were 43.5% lower than December’s 48,135 vehicles
18 hours ago
CDL’s Newport Residences sells 57% or 140 of its units at launch
Low Youjin - Meanwhile, Narra Residences in the Dairy Farm area records take-up rate of about 25%
18 hours ago
CDL’s Newport Residences sells 140 units or 57% of its units at its launch
Low Youjin - Meanwhile, Narra Residences in the Dairy Farm area records take-up rate of about 25%
19 hours ago
Singapore bank lending hits fastest monthly growth since Dec 2024; full-year lending at multi-year high
Tan Nai Lun - For the whole of 2025, bank lending up 5.8% at S$10.26 trillion, MAS data indicates
19 hours ago
Economic Strategy Review: What makes a ‘good job’ today – and why this is harder to create
Low Youjin - It will be difficult to redefine a good job without addressing wages, says academic in wake of Economic Strategy Review proposals
19 hours ago
What makes a ‘good job’ today – and why this is harder to create
Low Youjin - It will be difficult to redefine a good job without addressing wages, says academic in wake of Economic Strategy Review proposals
19 hours ago
China’s BYD vehicle sales fall for fifth month in a row
It has narrowly met its slashed global sales target of 4.6 million units in 2025, and has not announced this year’s target
21 hours ago
Sell America is the new trade on Wall Street
A NEW investment thesis has spread through global markets at the start of 2026, as trading strategies long built on the primacy...
21 hours ago
Bain Capital finalises plans to acquire FineToday Holdings in $1.29 billion deal, Nikkei reports
Feb 1 : Bain Capital has finalised plans to acquire FineToday Holdings, the Japanese personal-care company behind the Tsubaki shampoo brand, in a deal expected to be worth around 200 billion yen ($1.29 billion), Nikkei reported on Sunday. Private equity firm CVC Capital Partners plans to divest all ...
21 hours ago
544-unit Narra Residences sells nearly a quarter of units on launch weekend
Jovi Ho - Narra Residences, located in the Bukit Timah-Dairy Farm precinct, sold nearly a quarter of its 544 units over its Jan 31-Feb 1 launch weekend at an average price of around $2,180. The 135 units sold includes all four of the development’s retail units. As at 4pm on Feb 1, two- and three-bedroom uni ...
21 hours ago
Fu Yu appoints Victor Lim as managing director after board dispute
Low Youjin - Lim’s appointment comes after a month-long review
21 hours ago
Fu Yu appoints largest shareholder Victor Lim as managing director
The Edge Singapore - Fu Yu Corp has appointed its largest shareholder Victor Lim as managing director, with effect from Feb 1. Lim started working in Fu Yu back in Jan 2021 as its director of strategy. The company's controlling shareholder then was a VCC fund managed by Pilgrim Partners, which bought the stake from ...
21 hours ago
CDL’s freehold Newport Residences sells 57% of units on launch weekend
Jovi Ho - City Developments’ (CDL) freehold Newport Residences sold 140, or 57%, of its 246 units on its launch weekend, as at 5pm on Feb 1. Priced at an average of $3,370 psf (excluding the Super Penthouse), about 82% of buyers are Singaporeans, while 15% are Singapore Permanent Residents (PRs) from Indone ...
22 hours ago
What is tokenised gold, and why is it taking off in Asia?
Benicia Tan - Market watchers note that Singapore’s banks have taken a more measured approach towards tokenised gold offerings for retail investors
22 hours ago
ST Engineering debuts its largest cargo drone at Singapore Airshow 2026
Derryn Wong - The unmanned aircraft can carry up to 100 kg and is planned to begin operation in 2028
22 hours ago
French tech company Capgemini to sell US unit linked to ICE
PARIS, Feb 1 : French IT company Capgemini will sell its U.S. subsidiary Capgemini Government Solutions, it said on Sunday, after coming under pressure to explain a contract the latter signed with U.S immigration enforcement agency ICE.French lawmakers, including Finance Minister Roland Lescure, had ...
22 hours ago
French tech company Capgemini says selling US subsidiary
PARIS, Feb 1 : French tech company Capgemini said on Sunday it was selling its U.S. subsidiary Capgemini Government Solutions.Capgemini has been under pressure in recent days to explain a contract it signed with U.S immigration enforcement agency ICE, amid growing criticism of ICE following weeks of ...
22 hours ago
Nvidia CEO says new OpenAI investment may be largest yet
Jensen Huang calls the artificial intelligence research organisation “one of the most consequential companies of our time”
22 hours ago
Chinese travel giant Trip.com bets on Apac growth as it looks beyond home market
Elysia Tan - It will strengthen its branding and continue to develop specialised products for the newer audience
22 hours ago
Musk says steps to stop Russia from using Starlink have worked
Feb 1 : Elon Musk said on Sunday that steps SpaceX had taken to stop the 'unauthorized' use of Starlink by Russia seemed to have worked. "Looks like the steps we took to stop the unauthorized use of Starlink by Russia have worked. Let us know if more needs to be done," SpaceX CEO ...
22 hours ago
Indonesia permits Elon Musk’s Grok to resume service after ban
X says it has implemented measures to address the misuse of Grok
23 hours ago
Indonesia pledges transparency reforms, probes market manipulation after US$80 billion rout
Elisa Valenta - The reforms follow an MSCI warning on market transparency that sparked a sell-off and forced top officials to resign
1 day ago
Institutions turn net sellers as new share placements hit the market
Net institutional outflow of S$61.6 million has reduced the net inflow for January to S$211 million