10 hours ago
Oil settles 5% lower as investors await updates on US-Iran peace deal talks
Both benchmarks have touched their lowest in a month earlier in the session and settled at their lowest since Apr 17
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
10 hours ago
Gardenia move: As Malaysia draws more Singapore manufacturers, experts flag competition fears
Companies like Gardenia, Yeo’s and APB Singapore are moving production operations from Singapore to Malaysia. While boosting investment, this could intensify competition for labour, industrial land and other limited resources, say observers.
10 hours ago
Keppel on track to hit key emissions target ‘well ahead’ of 2050: CEO
Sharanya Pillai - But its Scope 3, or value chain-related, emissions has risen with higher gas sales and one-off accounting for an India divestment
10 hours ago
Wall Street indexes post closing record highs, AI rally pauses
Goldman Sachs has raised its 2026 year-end forecast for the S&P 500 to 8,000 from 7,600
10 hours ago
Commentary: Why being called ‘detail‑oriented’ can stall a woman’s career
Women in the modern workforce still face barriers in reaching senior positions, with stereotypes hiding in plain sight, says this writer.
11 hours ago
European stocks end steady as gains in autos, chemicals offset Iran war uncertainty
Markets took some comfort from a pullback in oil prices
11 hours ago
Pentagon awards Microsoft $9.7 billion deal in bid to cut costs, end license sprawl
WASHINGTON, May 27 : The Pentagon on Wednesday announced a five-year, $9.69 billion agreement to consolidate Microsoft and other enterprise software licenses scattered across the military services, the intelligence community, and the U.S. Coast Guard into a single contract vehicle, officials said. T ...
11 hours ago
Cruise operator Carnival discloses personal data breach
May 27 : Cruise operator Carnival Corp said on Wednesday it had detected a cybersecurity incident involving a compromised account of an employee in April, leading to the leak of certain personal information of individuals, including names, addresses and government-issued identification numbers.The c ...
11 hours ago
Global fuel crisis adds urgency to Cambodian push to tap US$300 billion energy resources
Cambodia’s energy minister said the oil shock from the Middle East conflict has increased urgency to resolve a long-running maritime dispute with Thailand.
12 hours ago
Synopsys raises annual forecast on demand for AI chip design software
May 27 : Synopsys raised its annual results forecast on Wednesday, signaling steady demand for its chip design software from companies racing to develop AI chips and infrastructure.• Demand tied to AI has been strong as chipmakers and hyperscalers continued investing in more complex semiconductor ...
12 hours ago
Salesforce revenue forecast disappoints amid AI disruption fears
May 27 : Salesforce forecast second-quarter revenue below Wall Street estimates on Wednesday, as concerns over AI-driven disruption to traditional software demand overshadowed its stronger-than-expected performance in the first quarter.Shares of the business software provider were marginally down in ...
12 hours ago
Salesforce sees quarterly revenue below estimates amid AI disruption fears
May 27 : Salesforce forecast second-quarter revenue below Wall Street estimates on Wednesday amid ongoing concerns that AI rivals such as Anthropic could rapidly disrupt demand for traditional software vendors.Like its peers, Salesforce is contending with growing investor concerns that AI tools coul ...
12 hours ago
Marvell sees custom chip revenue topping $10 billion by 2029 as AI demand grows
May 27 : Marvell Technology forecast on Wednesday its custom chip business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers and invest in custom chips to reduce reliance on Nvidia's processors.The surge in AI adoption has fueled demand for specializ ...
12 hours ago
Marvell forecasts quarterly revenue above estimates on AI chip demand; shares rise
May 27 : Marvell Technology forecast quarterly revenue above estimates on Wednesday, signaling strong demand for its networking and custom silicon chips used in the AI data center buildout.Shares of the Santa Clara, California-based company, rose over 6 per cent in extended trading. They have more t ...
12 hours ago
Synopsys reaches settlement with Elliott, says Jesse Cohn to join board
NEW YORK, May 27 : Chip design software maker Synopsys has reached an agreement with activist investor Elliott Investment Management that will give one board seat to the activist investor's managing partner Jesse Cohn, the company said on Wednesday.The board is being expanded to 11 members with ...
12 hours ago
Snowflake boosts forecast, signs $6 billion AWS deal as enterprise AI adoption grows
May 27 : Snowflake raised annual product revenue forecast on Wednesday, as enterprises ramped up spending on AI applications and shifted more data workloads to its cloud platform, sending its shares surging 36 per cent in extended trading.The company also signed a five-year deal worth $6 billion wit ...
12 hours ago
Snowflake raises annual product revenue forecast, strikes $6 billion AWS deal
May 27 : Snowflake raised its annual product revenue forecast on Wednesday, signaling growing demand for AI-driven workloads and cloud migrations, sending shares of the cloud-based data analytics platform surging 29 per cent in extended trading.The company also signed a five-year deal worth $6 billi ...
12 hours ago
Snowflake signs $6 billion deal with AWS tied to AI infrastructure
May 27 : Snowflake said on Wednesday it has signed a $6 billion deal with Amazon Web Services, with the investment tied to AWS' Graviton processors and AI chip infrastructure.
15 hours ago
Capgemini says AI widens client spending pool
(REUTERS), May 27 (Rtrs) - Capgemini on Thursday said artificial intelligence was opening access to client spending beyond traditional information technology budgets, as the French technology services group sought to ease investor concerns that the technology could disrupt its business model.CEO Aim ...
16 hours ago
FAA orders SpaceX to investigate Starship booster mishap
WASHINGTON, May 27 : The Federal Aviation Administration ordered SpaceX to investigate why its Starship booster suffered a mishap and crashed into the Gulf of Mexico during a test flight last week, TechCrunch reported on Wednesday.The FAA said it determined the SpaceX Starship Flight 12 launch on Ma ...
16 hours ago
Global clean energy manufacturing supply far exceeds demand
The glut has strengthened renewable power’s appeal as an alternative to fossil fuels
17 hours ago
US funds set aside cash as SpaceX and OpenAI prepare to go public, analysts say
NEW YORK, May 27 : Large mutual funds and passive index funds are starting to set aside more cash and preparing to offload some of their existing holdings in large-cap stocks, as they prepare to add upcoming blockbuster IPOs like SpaceX and OpenAI to their portfolios.For passive funds, the potential ...
17 hours ago
OpenAI Foundation commits $250 million to help workers, economies navigate AI disruption
May 27 : The non-profit that controls OpenAI will commit an initial $250 million for grants, partnerships and direct work aimed at helping workers and economies navigate the disruption caused by AI technology, it said on Wednesday. The funds, the first such commitment from the OpenAI Foundation, wil ...
17 hours ago
Analysis:Sri Lanka's surprise rate hike risks choking off IMF-backed recovery
COLOMBO, May 27 : Sri Lanka's surprise 100 basis-point interest rate hike risks tipping into over-tightening just as a fragile, IMF-backed recovery takes hold, signalling a shift by policymakers back to crisis-prevention mode as external pressures mount, analysts said.The Central Bank of Sri La ...
17 hours ago
US space stocks rise on SpaceX IPO hype
May 27 : Shares of U.S. space companies continued to climb on Wednesday, extending their recent rally as investors bet that rocket company SpaceX's mammoth market listing could force Wall Street to fundamentally rethink how it values the space economy.The Elon Musk-led company last week took th ...
18 hours ago
American Airlines sees resilient demand cushioning fuel-price hit
There is ‘no doubt’ demand has a K-shaped pattern, says CEO Robert Isom
18 hours ago
Global firms use AI at Indian hubs to bring more ad work in-house
BENGALURU, May 27 : Global companies are using AI at their Indian hubs to bring more creative work in-house, cutting turnaround time and their reliance on external agencies for advertising as the new technology reshapes the ad industry.Executives at Kimberly-Clark, J.C. Penney-parent Catalyst Brands ...
18 hours ago
Wall Street opens higher on AI optimism, Middle East truce hopes
The Dow, S&P and Nasdaq are all up
18 hours ago
Lululemon settles dispute with founder by shaking up board
The company will add a former ESPN executive and sneaker maker On’s previous co-CEO as directors
19 hours ago
Spain wants EU states to retain say in barring foreign telco providers
May 27 : Spain wants EU member states to retain a say over which countries, suppliers or products can be barred from infrastructure projects under a stronger European Cybersecurity Act whose overall direction it supports, a government spokesperson said on Wednesday. The spokesperson at the digital t ...
19 hours ago
Aluminium price spike from Middle East war fans costs for US solar industry
Higher installation costs are expected to trickle down to consumers
19 hours ago
IndiGo, Air India cut June-July domestic flights amid high jet fuel prices: sources
Reductions highlight the vulnerability of the South Asian nation’s aviation industry to external shocks
20 hours ago
Robinhood opens platform to AI agents for trading, credit card purchases
May 27 : Robinhood will allow customers to deploy AI agents to trade stocks on its platform and make purchases on its credit card, the company said on Wednesday.The company said its users will be able to create a dedicated trading account, separate from their primary one, and have their AI agents tr ...
20 hours ago
Zuckerberg's philanthropic venture unveils AI world model for drug discovery
May 27 : Biohub, a philanthropic venture of Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, launched on Wednesday a world model of protein biology to accelerate drug discovery.Proteins are the body's essential molecular machinery, performing diverse roles from building structures to gene ...