9 hours ago
Luxury brands are under pressure as the post-pandemic boom fades
From slowing Chinese demand to war-related disruption and rising resistance to high prices, the luxury industry is being forced to rethink how it grows.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
9 hours ago
Oil prices rise 6% on fears of US-Iran ceasefire collapse
[NEW YORK] Oil prices jumped around 6 per cent in Monday trading on uncertainty over peace talks between the US and Iran after...
9 hours ago
Russia sees China buying gas at discount to Europe through 2029
Russia has been ramping up supplies to China for several years via the Power of Siberia gas link
9 hours ago
European shares slide on concerns of US-Iran ceasefire collapse
EUROPEAN shares declined on Monday, following a sharp rebound in the previous session, as investors awaited progress on possible US-Iran talks ahead of...
9 hours ago
US stocks: Wall Street closes slightly down on renewed tensions between US, Iran
[NEW YORK] US stocks closed slightly lower on Monday, with each of the three major indexes coming off a third straight week of gains,...
10 hours ago
Apple CEO Cook is lauded by investors as he prepares for new role
NEW YORK, April 20 : Apple shares declined 1 per cent in after-hours trading on Monday after the communications hardware firm said its chief executive, Tim Cook, would step down after nearly 15 years at the helm of the world's second most-valuable company. The decision by Cook, 65 years old, to ...
10 hours ago
Amazon to invest up to $25 billion in Anthropic as part of $100 billion cloud deal
April 20 : Amazon said on Monday that it will invest up to $25 billion in Anthropic, as the AI startup commits to spending more than $100 billion over the next 10 years on Amazon's cloud technologies.The deal deepens the two firms' relationship as Anthropic rushes to secure capacity to bol ...
10 hours ago
Anthropic to spend over $100 billion over a decade on Amazon's cloud tech
April 20 : Amazon said on Monday that Anthropic will spend more than $100 billion over the next 10 years on its cloud technologies, deepening their relationship as the AI startup rushes to secure capacity to bolster its models.Amazon will also invest $5 billion in Anthropic now, and an additional $2 ...
10 hours ago
Trading Day: Cooling off, but still optimistic
ORLANDO, Florida, April 20 : Oil rose on Monday and the main U.S. equity indices fell as U.S.-Iran tensions re-escalated and the Strait of Hormuz was closed, although the fairly mild market moves suggest investors are hopeful negotiations will resume and yield positive results.In my column today, I ...
10 hours ago
AI company deleted OKCupid user photos, data after FTC scrutiny
April 20 : Artificial intelligence company Clarifai said this month it had deleted 3 million OkCupid user photos and facial-recognition models trained on them after the U.S. Federal Trade Commission settled with the dating site over privacy violations.OkCupid settled with the FTC in late March for p ...
11 hours ago
Tim Cook to step down as Apple CEO in September; company veteran John Ternus to take over
Cook, 65, will become executive chairman of Apple's board.
11 hours ago
Apple's Tim Cook to step down as CEO in September
Apple veteran John Ternus will succeed Cook as the company's CEO.
11 hours ago
Apple names insider John Ternus as CEO, Cook to become executive chairman
John Ternus is expected to lead the company through its shift toward artificial intelligence and is seen as someone who “will bring fresh energy.”
11 hours ago
Morningstar considers revamping index construction ahead of SpaceX IPO
PROVIDENCE, Rhode Island, April 20 : Investment research and analysis provider Morningstar Inc. is the latest index provider to consider revising its approach to designing its market indexes in light of SpaceX's outsize pending initial public offering.Elon Musk's space transportation and e ...
12 hours ago
Bezos' Blue Origin space company ordered to probe upper-stage rocket failure
WASHINGTON, April 20 : Federal aviation regulators on Monday ordered billionaire Jeff Bezos' space company, Blue Origin, to investigate the upper-stage malfunction of its New Glenn rocket during a failed weekend satellite launch from Florida.Sunday's mishap, coming on the third flight of t ...
12 hours ago
US regulator orders Blue Origin to probe its second-stage rocket failure
WASHINGTON, April 20 : The U.S. Federal Aviation Administration said Monday it is ordering Blue Origin to probe the failure on Sunday of the second stage of its New Glenn 3 rocket.The FAA is requiring Blue Origin, owned by billionaire Amazon.com founder Jeff Bezos, to conduct a mishap investigation, ...
12 hours ago
FAA orders investigation into Blue Origin flight mishap
WASHINGTON, April 20 : The Federal Aviation Administration said Monday it is ordering an investigation into Blue Origin New Glenn 3 second-stage failure on Sunday.The FAA is requiring Blue Origin to conduct a mishap investigation and will approve Blue Origin’s final report and any corrective actio ...
14 hours ago
Japan's Nojima to buy Hitachi's consumer appliances unit for more than $630 million, Nikkei reports
April 21 : Japanese electronics retailer Nojima is planning to buy Hitachi's consumer appliances unit Hitachi Global Life Solutions for more than 100 billion yen ($630.32 million), the Nikkei newspaper reported on Tuesday. Under the agreement, Nojima will buy at least a majority of shares in th ...
14 hours ago
As coal chokes Jo'burg, South Africa scientists launch pollution app
15 hours ago
Hyundai faces challenge replacing lost Middle East sales, CEO says
MILAN, April 20 : Hyundai will not manage to fully make up for lost sales in the Middle East due to the crisis in the region, as manufacturing constraints will not allow the automaker to quickly reallocate sales to other areas, its CEO said on Monday.Unveiling Hyundai's new Ioniq 3 EV model at ...
17 hours ago
Mercedes steps up China comeback with sporty electric C-Class
The company is betting the model will help stem market-share losses in the country
17 hours ago
Adobe launches AI suite for corporate clients as competition heats up
April 20 : Adobe launched a suite of artificial intelligence tools on Monday to help corporate clients automate and personalize digital marketing functions, in a bid to fend off competition from autonomous tools offered by startups such as Anthropic.A selloff in software stocks, sparked by the rise ...
17 hours ago
Aspial Lifestyle prices S$28 million in fixed-rate notes due 2029 at 5.1%
Chong Xin Wei - Net proceeds will be used to refinance existing borrowings and fund investments, among others
17 hours ago
TOTM Technologies' substantial shareholder Khoo Thomas Clive raises stake in the company
Teo Zheng Long - TOTM Technologies Limited’s (SGX: 42F ) (TOTM Tech) substantial shareholder, Khoo Thomas Clive, has increased his stake in the company via market transaction. In the April 20 filing, Khoo acquired 10 million shares at 2.761 cents each. This translates to a total consideration of $276,100. This lat ...
17 hours ago
Seatrium unit prices S$400 million in fixed-rate notes due 2031 at 2.95%
Chong Xin Wei - Net proceeds will be used to refinance existing borrowings and fund potential acquisitions, among others
17 hours ago
Wall St opens muted as US-Iran tensions escalate
[NEW YORK] Wall Street’s main indexes opened muted on Monday (Apr 20) after a record rally last week, as escalating US-Iran tensions...
18 hours ago
ISOTeam secures $30.1 mil worth of new contracts; total order book stands at $186.5 mil
Teo Zheng Long - ISOTeam (SGX: 5WF ) has won numerous contracts worth a total of $30.1 million, which brings its total order book to $186.5 million. These new projects are expected to be delivered progressively over the next two to three years, providing revenue visibility for ISOTeam until 2029. The contracts range ...
18 hours ago
Inside one of Amsterdam's first supervised self-driving Teslas
AMSTERDAM, April 20 : As Kees Roelandschap navigates down the narrow canal-side streets of Amsterdam, flanked by the city's many bicycle riders, it takes a second to realise what's different: he doesn't have his hands on the wheel of his dark grey Tesla.The U.S. electric carmaker gain ...
19 hours ago
Apple withholds data in India antitrust case, watchdog sets final hearing
The commission says the firm has not submitted its financials and its views on the investigation since October 2024
19 hours ago
Explainer-What do we know about Anthropic's Mythos amid rising concerns?
April 20 : Anthropic earlier this month debuted Mythos, its most advanced AI model to date, equipped with sophisticated capabilities and designed for defensive cybersecurity tasks.Mythos' vast capabilities have sparked fears about the threat to traditional software security after the AI startup ...
19 hours ago
China’s silver imports jump to record on retail and solar demand
The high rate is unlikely to endure, given the lack of a long-term demand-supply imbalance for the metal, says analyst
19 hours ago
Iran may join peace talks after Pakistan works to end US blockade, Iran source says
Teheran is ‘positively reviewing’ its participation; oil prices ease from earlier highs to stand around 3 to 4%
19 hours ago
China Aviation Oil says merger between parent and Sinopec not expected to impact business
Therese Soh - It notes that the consolidation is not a restructuring of CAO but is taking place at the parent-entity level by the group’s...
20 hours ago
The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?
Jude Chan - Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely