20 hours ago
New Zealand holds key rate, sees policy staying accommodative
The RBNZ’s new forecasts indicate some chance of a quarter-point hike later this year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
Buffett cuts Amazon stake, makes bet on New York Times
Berkshire now owns roughly 2.3 million shares of the online retail giant
22 hours ago
Gold rises on dip-buying after more than 2% drop
A stronger US dollar makes greenback-priced bullion more expensive for other currency holders
22 hours ago
Tesla avoids suspension by California regulator after corrective marketing changes
Feb 17 : Tesla will avoid a 30-day suspension of its dealer and manufacturer licenses in California after the U.S. electric vehicle maker stopped using the term "autopilot" in marketing of its vehicles in the state, a regulator said on Tuesday.The reprieve from the California Department o ...
22 hours ago
Oil gains as traders weigh progress in Russia-Ukraine and US-Iran talks
LONDON, Feb 18 : Oil prices gained over 1 per cent on Wednesday after falling in the previous session as investors assessed developments in Russia-Ukraine and U.S.–Iran talks.Brent crude oil futures rose 78 cents or 1.2 per cent to $68.20 a barrel by 1052 GMT, while U.S. West Texas Intermediate (W ...
22 hours ago
Oil edges higher as traders weigh progress in US-Iran talks
LONDON, Feb 18 : Oil prices edged higher on Wednesday after falling about 2 per cent in the previous session as investors assessed progress in U.S.–Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns.Brent crude oil futures rose 26 cents or 0.4 per ...
22 hours ago
Oil trims losses as traders weigh progress in US–Iran talks
NEW DELHI, Feb 18 : Oil prices steadied in Asian trade on Wednesday after falling about 2 per cent in the previous session as investors assessed progress in U.S.–Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns.Brent futures rose 23 cents or 0.34 ...
22 hours ago
Oil prices lose ground on hopes of de-escalation in US-Iran tensions
TOKYO, Feb 18 : Oil prices fell slightly on Wednesday as talks between the United States and Iran progressed, raising hopes for a de-escalation of bilateral tensions and lowering risks of supply disruptions from the Middle Eastern oil producer. Brent futures dropped 3 cents or 0.04 per cent to $67.3 ...
22 hours ago
YouTube down for more than 240,000 users in the US, Downdetector shows
Feb 17 : Alphabet-owned YouTube was down for more than 240,000 users in the United States on Tuesday, according to outage tracking website Downdetector.com.There were 240,707 incidents of people reporting issues with the social media platform as of around 7.59 p.m. ET, according to Downdetector, whi ...
22 hours ago
YouTube down for users in the US, Southeast Asia
Alphabet-owned YouTube was down for more than 320,000 users in the United States on Tuesday (Feb 17), according to outage tracking website Downdetector.com. There were 321,958 incidents of people reporting issues with the social media platform, as of 8.18pm (9.18am Singapore time), according to Dow ...
22 hours ago
IMF urges Japan to keep raising rates, avoid reducing sales tax
With inflation exceeding its 2% target for nearly four years, the BOJ has signalled its readiness to keep hiking rates
22 hours ago
California builds AI oversight unit and presses on xAI investigation
SAN FRANCISCO, Feb 17 : California Attorney General Rob Bonta is building an artificial intelligence accountability program as his office probes Elon Musk’s xAI over the generation of non-consensual sexually explicit images, he told Reuters in an interview on Tuesday.The California Attorney Genera ...
22 hours ago
Private software companies release earnings early to calm AI nerves
The software industry has faced a seismic shift as the rapid advance of AI threatens to turn swaths of corporate debt into...
23 hours ago
US agencies have developed critical minerals price floor system
It’s the latest update to progress being made by the US and its allies to ringfence Western companies from China’s pressure on...
23 hours ago
Euro dips on reports ECB chief to leave, kiwi slumps as RBNZ takes easy stance
LONDON, Feb 18 : The euro dipped slightly on Wednesday after a report that European Central Bank President Christine Lagarde planned to leave her role early, while the dollar was higher before the minutes from the Federal Reserve's January meeting.The kiwi dollar slumped after the Reserve Bank ...
23 hours ago
Dollar firm as focus turns to peace talks; Kiwi hit by RBNZ's easy stance
TOKYO, Feb 18 : The dollar held its ground on Wednesday as geopolitical risks kept markets on edge and investors awaited minutes from the Federal Reserve for signals on future rate cuts.The yen was steady after data showing a rebound in Japanese manufacturer sentiment and President Donald Trump anno ...
23 hours ago
Dollar holds gains as markets focus on peace talks, Fed minutes
TOKYO, Feb 18 : The dollar held its ground on Wednesday as geopolitical risks kept markets on edge and investors awaited minutes from the Federal Reserve for signals on future rate cuts.The yen was steady after data showing a rebound in Japanese manufacturer sentiment and President Donald Trump anno ...
23 hours ago
National Australia Bank’s shares hit record high on robust first-quarter cash profit
Australia’s top business lender has posted cash earnings of A$2 billion for the quarter ended Dec 31
23 hours ago
IMF says yen's value determined by market forces
TOKYO, Feb 18 : The International Monetary Fund does not have a view on the appropriate level of the yen as the currency's value is determined by market forces, Rahul Anand, its mission chief for Japan, said on Wednesday."With (Japan's) open economy and open capital account, the yen h ...
24 hours ago
Japan exports jump 16.8% year/year in January
TOKYO, Feb 18 : Japanese exports jumped 16.8 per cent year-on-year in January, up for a fifth straight month, data from the Ministry of Finance showed on Wednesday.The result compared with a 12 per cent increase expected by economists in a Reuters poll.Imports decreased 2.5 per cent in January from ...
24 hours ago
Nvidia to sell Meta millions of chips in multiyear deal
It also includes standalone installations of its Grace and Vera central processors
24 hours ago
Trading Day: AI disruption, US-Iran nuclear talks, rate cut bets keep investors on their toes
NEW YORK, Feb 17 : Wall Street stocks see-sawed to nominal gains on Tuesday as investors juggled ongoing concerns over spending on artificial intelligence and the potential economic disruptions AI may bring, with positive signals from Iran regarding the progress of nuclear talks with the United Stat ...
1 day ago
Oil prices slide 2% to two-week low on talk of progress in US-Iran talks
Investors are closely watching US-Iran relations as any escalation or conflict could lead to Iran closing the Strait of Hormuz
1 day ago
Equities close with slight gains as tech shares recover
Traders are pricing in a chance of roughly 63% for a rate cut of at least 25 basis points at the Fed’s...
1 day ago
Palo Alto Networks cuts annual profit forecast as deal costs bite, shares fall
Feb 17 : Palo Alto Networks trimmed its annual profit forecast on Tuesday, signaling rising costs from recent acquisitions to enhance AI capabilities, sending the cybersecurity company's shares down around 7 per cent in extended trading. The company announced on Tuesday the acquisition of Israe ...
1 day ago
European shares rise as banks, healthcare rally; investors weigh geopolitics, AI impact
The fresh AI-driven jitters have rippled across sectors, including software, insurance and trucking
1 day ago
Waymo defends use of remote assistance workers in US robotaxi operations
WASHINGTON, Feb 17 : Alphabet self-driving unit Waymo on Tuesday defended its use of remote assistance personnel in the face of questions from Congress and said they have never been used to move robotaxis in U.S. on-road operations.Waymo told Democratic Senator Ed Markey in a letter that it has not ...
1 day ago
Waymo defends use of remote assistance workers in robotaxi operations
WASHINGTON, Feb 17 : Alphabet self-driving unit Waymo on Tuesday defended its use of remote assistance personnel in the face of questions from Congress and said they have never been used to move robotaxis in on-road operations.Waymo told Senator Ed Markey in a letter that it has not used remote driv ...
1 day ago
Stripe's crypto unit Bridge obtains initial approval to establish a trust bank
Feb 17 : Bridge has gained conditional approval to set up a national trust bank from a top U.S. financial regulator, the Stripe-owned stablecoin infrastructure provider said on Tuesday.Crypto giants, including Ripple and Circle, in December received preliminary approval to establish national trust b ...
1 day ago
Vance says he worries about companies surveilling Americans with AI
WASHINGTON, Feb 17 : U.S. Vice President JD Vance on Tuesday said he worries about how companies use artificial intelligence. "I worry about companies using artificial intelligence to surveil Americans. I worry about invasions of privacy, I worry a lot about political bias," Vance said in ...
1 day ago
Fed must dig deep on AI impact to make right rate calls ahead, Daly says
Feb 17 : The Federal Reserve must dig deep on the data to assess whether artificial intelligence is boosting productivity growth and enabling faster economic growth without igniting inflation or requiring the Fed to tap the brakes with tighter policy, San Francisco Fed President Mary Daly said on Tu ...
1 day ago
Data leak at Abu Dhabi finance summit exposes global figures, FT reports
Feb 17 : Passports and other ID documents of hundreds of attendees of Abu Dhabi's flagship investment conference, including former British Prime Minister David Cameron and hedge fund billionaire Alan Howard, were exposed online, the Financial Times reported on Tuesday.The FT, citing documents, ...
1 day ago
AT&T sued by New York City pension funds for excluding diversity proposal
NEW YORK, Feb 17 : AT&T was sued on Tuesday by four New York City public pension funds, which accused it of wrongly refusing to let shareholders vote on their proposal to require the telecommunications company to disclose the breakdown of its 133,000-person workforce by race, ethnicity and gende ...
1 day ago
US Supreme Court adopts new technology to help identify conflicts of interest
WASHINGTON, Feb 17 : The U.S. Supreme Court announced on Tuesday that it has adopted new software to assist in identifying whether a case poses a potential conflict of interest for the justices, who decide for themselves whether to step aside from participation in cases.The software, created by the ...