16 hours ago
Reliance signs US$3 billion green ammonia supply deal with South Korea's Samsung C&T
Supply under the deal will begin in the second half of fiscal year 2029
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
VinFast quarterly loss widens as costs bite
Vietnamese EV maker expects to resume construction of a US manufacturing plant this year
16 hours ago
Banks launch sale of EA buyout's $5.75 billion cross-border loan
WASHINGTON, March 16 : A JPMorgan-led group of banks on Monday began marketing to investors a $5.75 billion loan helping finance the leveraged buyout of Electronic Arts, according to a term sheet seen by Reuters.The seven-year term loan B consists of a $4 billion U.S. dollar portion as well as a 1.5 ...
17 hours ago
Encyclopedia Britannica sues OpenAI over AI training
March 16 : Encyclopedia Britannica and its Merriam-Webster subsidiary have sued OpenAI in Manhattan federal court for allegedly misusing their reference materials to train its artificial intelligence models.Britannica said in the complaint filed on Friday that Microsoft-backed OpenAI used its online ...
18 hours ago
Apple unveils second-generation AirPods Max at $549, more than five years after debut
March 16 : Apple on Monday unveiled the second generation of its premium AirPods Max over-ear headphones at $549, more than five years after the first version's launch.The update marks Apple's first major refresh of the over-ear headphones since their 2020 debut, as the company adds new fe ...
18 hours ago
Wall St opens higher as tech stocks gain; investors weigh Middle East conflict
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Mar 16) with shares of Meta among the top gainers after a...
18 hours ago
Exclusive-OpenAI courts private equity to join enterprise AI venture, sources say
NEW YORK, March 16 : OpenAI is in advanced talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture that would distribute its enterprise products across the firms' portfolio companies and beyond, four people famili ...
18 hours ago
UK High Court rejects appeal on US$832.2 million case against Yangzijiang Shipbuilding units
Derryn Wong - The court also refuses the claimants’ application for permission to appeal further
20 hours ago
DayOne Data Centers nears confidential filing for US IPO: sources
The Singapore-based data centre operator may submit its draft IPO as soon as this week
20 hours ago
Meta shares jump after Reuters report on plans for layoffs of 20% or more
March 16 : Meta Platforms shares rose 3 per cent on Monday following a Reuters report that the social media giant plans to lay off 20 per cent or more of its workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology.If Meta settles on the 20 per ...
20 hours ago
Crypto company Abra to go public in blank-check merger
20 hours ago
Alibaba CEO takes helm of new AI-focused business group
SHANGHAI, March 16 : Alibaba Group Chief Executive Eddie Wu will head the newly formed Alibaba Token Hub (ATH) Business Group, the firm said in a statement on Monday.The new group will comprise existing Alibaba units Tongyi Laboratory, MaaS Business Line, Qwen Business Unit, Wukong Business Unit, an ...
20 hours ago
Alibaba plans major revamp to heighten focus on AI profits
The revamp comes as Alibaba grapples with questions about its AI strategy
21 hours ago
Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8%
Therese Soh - The group credits this to healthy holiday demand with the shift of the Chinese New Year period from January in 2025 to...
21 hours ago
Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8% yoy
Therese Soh - The group credits this to healthy holiday demand with the shift of the Chinese New Year period from January in 2025 to...
21 hours ago
European publishers, tech firms urge EU to speed up fine on Google over search
BRUSSELS, March 16 : European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant.In a letter to EU leaders, the European ...
21 hours ago
Exclusive-European publishers, tech firms urge EU to speed up fine on Google over search
BRUSSELS, March 16 : European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant.In a letter to EU leaders, seen by Reute ...
21 hours ago
VinFast fourth-quarter loss widens, aims to restart US plant construction
March 16 : Vietnamese electric vehicle manufacturer VinFast said on Monday its fourth-quarter net loss widened from a year earlier as it increased impairment charges related to its U.S. plant, which it aims to resume construction of this year. VinFast made a net loss of 35.2 trillion dong ($1.34 bil ...
21 hours ago
EV maker VinFast reports wider quarterly net loss
March 16 : Vietnam's VinFast reported a wider fourth-quarter net loss on Monday, as the electric vehicle maker spends heavily to expand its manufacturing footprint to cater to growing demand in key Southeast Asian markets. The company reported a loss of 35.2 trillion dong ($1.34 billion) compar ...
21 hours ago
Nebius signs AI infrastructure deals with Meta worth up to $27 billion over 5 years
March 16 : Amsterdam-based AI infrastructure firm Nebius Group said Monday it has signed a five-year deal with Meta Platforms to provide the social media giant with $12 billion of AI computing capacity across multiple locations by 2027.Under the deal, Meta will also buy an additional $15 billion wor ...
21 hours ago
Nebius signs AI capacity deal with Meta for at least $12 billion
March 16 : Amsterdam-based Nebius Group said on Monday it has signed a new five-year deal with Meta Platforms to provide the social media giant with $12 billion of dedicated AI computing capacity across multiple locations by 2027.Under the deal, Meta will also buy an additional $15 billion worth of ...
21 hours ago
Nebius signs AI capacity deal with Meta
March 16 : Nebius Group said on Monday it has signed a new five-year deal with Meta Platforms to provide the social media giant with $12 billion of dedicated AI capacity across multiple locations.The agreement has a contract value of up to $27 billion, the company said.
21 hours ago
Australian tea brand T2 Tea shuts all Singapore outlets as it looks to ‘reset’ Asia retail strategy
Paige Lim - A company spokesperson says the retailer is in its ‘strongest position’ in over a decade
21 hours ago
Australian tea brand T2 Tea shuts all outlets in Singapore as it looks to ‘reset’ Asia retail strategy
Paige Lim - A company spokesperson says the retailer is in its ‘strongest position’ in over a decade
21 hours ago
Australian tea brand T2 Tea shuts all outlets in Singapore
Paige Lim - The retailer expanded into Asia in 2017 with the opening of its 313@Somerset outlet
21 hours ago
Singapore stocks end higher on Monday as Middle East conflict enters third week; STI up 0.6%
Renald Yeo - The iEdge Singapore Next 50 Index, however, fell 0.5% to 1,436.05
22 hours ago
Oil prices ease as Trump calls for help to unblock Hormuz, some ships sail through strait
NEW YORK, March 16 : Oil prices eased about 1 per cent on Monday as U.S. President Donald Trump repeated his call for help to unblock the Strait of Hormuz after some vessels sailed through it, and on talk of possible additional releases from emergency reserves as part of global efforts to reduce con ...
22 hours ago
Oil prices ease as US says it is fine with some ships going through Strait of Hormuz
NEW YORK, March 16 : Oil prices eased about 1 per cent on Monday after the United States said it would be fine with some Iranian, Indian and Chinese ships moving through the Strait of Hormuz and talk of possible additional releases from emergency reserves as part of global efforts to reduce consumer ...
22 hours ago
Oil falls amid attacks on Gulf export facilities
LONDON, March 16 : Oil prices fell on Monday amid attacks on Gulf oil production and U.S. President Donald Trump's call for global efforts to secure the Strait of Hormuz.Brent crude futures were down 92 cents at $102.22 a barrel by 1248 GMT while U.S. West Texas Intermediate crude was down $3.4 ...
22 hours ago
Oil prices mixed amid attacks on Gulf export facilities
LONDON, March 16 : Oil prices were mixed on Monday with benchmark Brent crude slightly higher and U.S. crude prices down amid attacks on Gulf oil production and U.S. President Donald Trump's call for global efforts to secure the Strait of Hormuz.Brent crude futures were up 16 cents to $103.30 a ...
22 hours ago
Oil rises as attacks on Middle East export facilities continue
LONDON, March 16 : Oil prices rose on Monday as the U.S.-Israeli war on Iran continued to disrupt oil production and shipping in the Middle East, despite U.S. President Donald Trump's call for global efforts to secure the vital Strait of Hormuz.Brent crude futures rose $2.30, or 2.2 per cent, t ...
22 hours ago
Julius Baer CEO tops highest pay at UBS
[ZURICH] Julius Baer CEO Stefan Bollinger was awarded a total compensation of 23.96 million Swiss francs (S$39 million) for 2025, a sum...
22 hours ago
Tng of CGSI maintains 'add' on Oiltek but lowers target price to 94 cents on lower revenue and wider share base
The Edge Singapore - Oiltek International's FY2025 earnings missed what William Tng of CGS International estimated by 21%, no thanks to unfavourable forex. Nonetheless, Tng, citing the company's "strong" orderbook of RM350 million as of Feb 23, has maintained his "add" call for this stock, ...
22 hours ago
Food services workers to receive further pay increases under Progressive Wage Model
Monthly salaries will increase by S$140 every year from 2026 to 2028 for most job roles covered by the PWM, including food or drink stall assistants.