12 hours ago
Oil prices slide after Trump says US-Iran negotiations in ‘final stages’
The number of vessels crossing the strait remains well below the 130 or so ships that crossed daily before the war
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
12 hours ago
Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce
May 20 : Intuit lowered annual revenue forecast for its tax-filing software, TurboTax, on Wednesday and said it would cut 17 per cent of its full-time workforce, sending its shares down 14 per cent after the bell amid lingering fears of AI disruption.The reduction of nearly 3,000 roles globally, rep ...
12 hours ago
Wall Street climbs 1% with chip stocks rallying before Nvidia results
Stocks gradually added to gains following the release of minutes from the Federal Reserve’s last meeting
12 hours ago
Commentary: This energy crisis hurts Filipino professionals already struggling on one pay cheque
For Filipino urban professionals, earning a living requires paying a premium to stay connected and employable, says Nicasio Pimentel from the University of Antique.
12 hours ago
Instant View: SpaceX files long awaited IPO, creating a fresh AI play
NEW YORK, May 20 : Elon Musk's rocket and satellite maker SpaceX filed on Wednesday for its widely awaited initial public offering, which stands to raise the most ever in an initial offering.The firm said it has picked the Nasdaq as the trading venue for its blockbuster market debut, conf ...
12 hours ago
European shares end near two-week highs on defence, tech boost
Global investors are keen on artificial intelligence bellwether Nvidia’s results
12 hours ago
Bond yields, oil fall amid hopes for Iran deal; stocks end up with chip shares
NEW YORK/LONDON, May 20 : U.S. Treasury yields and oil prices fell on Wednesday as hopes increased that the U.S. is nearing a deal with Iran to end the war in the Middle East, while major stock indexes rose with chipmaker shares ahead of Nvidia's quarterly results.Investors continued to monitor ...
12 hours ago
Matthieu Blazy’s Chanel debut fuels China expansion despite luxury slowdown
Chanel is betting on long-term growth in China, opening new boutiques and beauty stores as excitement over Matthieu Blazy’s first collections builds, even as the wider luxury industry faces softer demand.
13 hours ago
Analysis:Fears of unfettered hacking spurred by Anthropic's Mythos AI model overstated
May 20 : Early fears that Anthropic’s new AI model, Mythos, could dramatically turbocharge hacking are looking overstated a month after its release.The company warned at launch in April that Mythos had uncovered thousands of software vulnerabilities — including flaws across every major operating ...
14 hours ago
White House briefs AI firms on plans for model review, the Information reports
May 20 : The White House's Office of the National Cyber Director hosted a briefing for leading AI companies on a planned executive order that would empower intelligence and other government agencies to review advanced AI models before their release, the Information reported on Wednesday.The Nat ...
18 hours ago
Barclays CEO says UK should seek ways to lower cost of Brexit
THE UK should look for ways to reverse the economic effect of Brexit, though it may be impractical to undo Britain’s exit...
18 hours ago
Bank CEOs’ AI obsession collides with warning from watchdogs
The question of how to regulate AI is evolving across jurisdictions
20 hours ago
Intuit to cut 17% of global jobs to streamline operations: memo
It joins a growing list of companies that have announced job cuts this year
20 hours ago
S&P 500, Nasdaq open higher as chip stocks gain ahead of Nvidia results
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Wednesday (May 20), lifted by a rebound in chip stocks ahead...
21 hours ago
Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
CEO Georges Elhedery pledged that AI could make HSBC workers "more productive versions of themselves".
21 hours ago
MAS revokes Bsquared crypto permit over ‘serious breaches’
The company’s license was revoked as of May 14
21 hours ago
StanChart CEO seeks to reassure staff members over 'lower value human capital' comment
The bank cited AI as a driver to slim its operations in its quest to increase profitability and tackle competition.
22 hours ago
Former OCBC trading rep, ex-GM of Sasseur Reit affiliate found guilty of trading offences
Evan See - One is convicted of abetting false trading and the other, of engaging in insider trading
22 hours ago
Chatbots struggle with news accuracy and sourcing ahead of US midterms
xAI’s Grok returned at least a factual error nearly 52 per cent of the time
23 hours ago
CDL’s Singapore property sales fall to S$609.6 million in Q1, global hotel RevPAR rises 4.3%
Shikhar Gupta - For the three months ended Mar 31, the group and its joint venture associates sold 242 units
24 hours ago
Singapore stocks end lower amid downbeat regional showing; STI down 0.5%
Shikhar Gupta - Wilmar International leads the gainers on the blue-chip index, rising 2.2%
24 hours ago
Grab folds Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank
Evan See - The Indonesian digital lender has a market capitalisation of US$1.6 billion
24 hours ago
Grab to consolidate Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank
Evan See - Superbank, which completed an IPO in Indonesia in December 2025, has a market capitalisation of US$1.6 billion
1 day ago
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Janice Heng - By keeping high-value functions here and moving production out, local manufacturers are doing just what the Economic Strategy Review proposes
1 day ago
Nestle and Danone face fresh scrutiny over infant formula recalls
A toxin was detected in an ingredient supplied by China’s CABIO Biotech
1 day ago
Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream
Jude Chan - A rollback to a three-player market is inevitable; the tragedy is how difficult the exit has become
1 day ago
MAS revokes Bsquared Technology's major payment institution licence
The Edge Singapore - The Monetary Authority of Singapore (MAS) has revoked the Major Payment Institution Licence of Bsquared Technology, or BSQ, with effect from May 14. This means BSQ is no longer permitted to provide digital payment token services in Singapore under the Payment Services Act 2019 (PS Act) from the same ...
1 day ago
StanChart CEO reassures staff after ‘lower-value human’ backlash
Winters’ remarks drew condemnation on social media and across Asia
1 day ago
Commercial vehicle COE premium up 5.4% at record high of S$92,223
Derryn Wong - Category B hits a six-month high, while Category A is the only premium to dip
1 day ago
Commercial vehicle COE premium up 5.4% at new record of S$92,223
Derryn Wong - For May’s second round of bidding, the mainstream car category is the only premium to dip, by 0.4% to S$124,229
1 day ago
H&M asks Singapore staff to reapply for jobs around Asia as part of restructuring
In a restructuring exercise that involves moving its Southeast Asia headquarters from Singapore to Kuala Lumpur, the clothing retailer has asked staff to reapply for 178 available roles, including four in Singapore.
1 day ago
Singapore to be ‘early entrant’ in nuclear fusion supply chain with A*Star, US startup deal
Sharanya Pillai - Five-year tie-up with Commonwealth Fusion Systems comes amid global race to commercialise nuclear fusion energy
1 day ago
Australian shares end below key 8,500 level as price pressures keep sentiment muted
AUSTRALIA’S equity benchmark closed below the psychologically key 8,500 support level for the first time since March-end on Wednesday, as worries over...
1 day ago
European shares dip as Middle East caution lingers
EUROPEAN shares edged lower on Wednesday (May 20) as investors remained cautious with war-driven inflation fears pressurising bonds, while markets kept a...