22 hours ago
G7 energy ministers stop short of strategic reserve decision, ask IEA to study options
IEA to assess oil reserve release options
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 hours ago
Sony fighting $2.7 billion UK lawsuit over PlayStation Store prices
LONDON, March 10 : Sony is fighting a London lawsuit worth almost 2 billion pounds ($2.7 billion) that alleges the PlayStation maker's "monopoly position" inflated prices for digital games, in the latest mass consumer case to go to trial in Britain.The Japanese conglomerate is accused ...
22 hours ago
Elon Musk says X Money to enter early public access next month
March 10 : Elon Musk on Tuesday said X Money, the social media platform's digital payment system, will enter early public access next month, as the billionaire pushes to transform X into an "everything app."The move comes as the Tesla chief looks to take advantage of the platform' ...
22 hours ago
BYD explores F1 entry in first auto racing push
The potential costs of entering F1 could be a significant obstacle
22 hours ago
Yangzijiang Shipbuilding buys 10% stake in maritime company from Canada’s Fairfax for US$825.7 million
Janice Lim - The sale price is above valuation, but the shipbuilder sees strategic and commercial gains from the acquisition
22 hours ago
Meta acquires AI agent social network Moltbook
March 10 : Facebook parent Meta Platforms said on Tuesday it had acquired Moltbook, a social networking platform built for artificial intelligence agents, bringing the company's founders into its AI research division.The development signals an intense race among tech giants to snap up AI talent ...
23 hours ago
IndiGo CEO Pieter Elbers resigns months after mass India flight cancellations
The sudden resignation creates leadership uncertainty at India’s largest airline
23 hours ago
Deutsche Bank upgrades US and European tech sector, turns 'overweight' on software
March 10 : Deutsche Bank upgraded the U.S. and European technology sector to "neutral" from "underweight" on Tuesday and turned "overweight" on software, saying the months-long rout sparked by fears of AI-driven disruption has likely run its course.The shift comes after ...
23 hours ago
In charts: Singapore’s energy and chemicals sector in focus as Middle East conflict escalates
Sharanya Pillai - The sector’s green pivot could help it be less vulnerable to oil and gas disruptions in the long term
23 hours ago
Yangzijiang Shipbuilding to invest US$825.7 mil for 10% stake in longtime customer Seaspan Corp
The Edge Singapore - Yangzijiang Shipbuilding plans to pay US$825.7 million to take a 10% stake in a key customer, charter owner Seaspan Corporation, which has been giving it shipbuilding orders for around two decades. According to Yangzijiang, this acquisition will "further strengthen" its "strategic rel ...
23 hours ago
Wall Street opens subdued as investors monitor US-Iran tensions
[NEW YORK] Wall Street’s main indexes opened subdued on Tuesday (Mar 10), following comments from US officials that suggested escalating hostilities in...
23 hours ago
Dutch court upholds ruling forcing Meta to offer chronological feeds
AMSTERDAM: A Dutch appeals court on Tuesday (Mar 10) upheld an October ruling requiring Meta Platforms to let Facebook and Instagram users in the Netherlands view posts chronologically, rather than via profiling-based feeds.Digital rights group Bits of Freedom, which brought the case, had argued in ...
23 hours ago
Amazon targeting $37 billion in bond sale amid AI push
March 10 : Amazon.com is looking to raise about $37 billion in an 11-part bond sale, according to a term sheet seen by Reuters on Tuesday, as it looks to fund its spending on AI infrastructure buildout.The sale attracted about $126 billion of peak demand for bonds in the U.S., a source familiar with ...
23 hours ago
Amazon targeting $37 billion to $42 billion in bond sale, Bloomberg News reports
March 10 : Amazon.com is targeting about $37 billion to $42 billion in its latest bond sale, Bloomberg News reported on Tuesday, citing people familiar with the matter.The reported figure would mark one of the latest corporate bond offerings as the company looks to fund its spending on artificial in ...
24 hours ago
US seeks comment on Zoox petition to deploy robotaxis without steering wheels
WASHINGTON, March 10 : The National Highway Traffic Safety Administration said Tuesday it is seeking public comments on Amazon.com's self-driving unit Zoox to deploy up to 2,500 purpose-built, steering-wheel-free robotaxis.Zoox filed a petition in August seeking approval with the auto safety ag ...
24 hours ago
Iran war forces Japanese auto-parts suppliers to turn to Russia’s Rusal
Sources say aluminium producers are likely to ask for long-term agreements for urgently needed supply
24 hours ago
US stocks dip, oil pulls back as Wall Street weighs conflicting messages on Iran
BOSTON/LONDON, March 10 : Wall Street stocks ticked lower while oil prices pulled back on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon" even as the U.S. and Israel pounded Iran with intense airstrikes.U.S. stocks lost steam, giving up early gai ...
24 hours ago
Stocks advance, oil plummets as Wall Street looks past intense airstrikes on Iran
BOSTON/LONDON, March 10 : Wall Street stocks rebounded and oil prices pulled back sharply on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon," even as the U.S. and Israel pounded Iran with what the Pentagon and Iranians on the ground said were the ...
24 hours ago
Stocks gain, oil prices pull back as Trump and Iran trade barbs
BOSTON/LONDON, March 10 : Wall Street stocks advanced and oil prices plummeted on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon" despite defiant comments from Iran’s military that cast some doubt over the prospects of a swift resolution.The Do ...
24 hours ago
Stocks mixed, oil prices pull back as Trump and Iran trade barbs
BOSTON/LONDON, March 10 : Wall Street stocks fell and oil prices dropped on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon" despite defiant comments from Iran’s military that cast some doubt over the prospects of a swift resolution.The Dow Jone ...
24 hours ago
Stocks rise, oil pulls back as Trump and Iran trade barbs
BOSTON/LONDON, March 10 : Wall Street stocks fell and oil prices dropped on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon" despite defiant comments from Iran’s military that cast some doubt over the prospects of a swift resolution.The Dow Jone ...
24 hours ago
AI startup Thinking Machines clinches capital and a major chip supply deal from Nvidia
March 10 : AI startup Thinking Machines Lab said on Tuesday it has struck a multi-year partnership with Nvidia that will see it receive a significant investment and procure at least one gigawatt of the chipmaker's next-generation processors.Financial terms of the deal were not disclosed.Under t ...
24 hours ago
Qualcomm, Wayve partner to accelerate AI-powered self-driving system rollout
March 10 : Qualcomm and British self-driving startup Wayve said on Tuesday they are collaborating on an integrated artificial intelligence system to help automakers rapidly deploy advanced driver-assistance and automated driving features.The tie-up combines Wayve's "AI Driver" softwar ...
24 hours ago
Asia’s fuel crunch forces four-day weeks and school closures
The Iran war has led to a surge in global energy prices
1 day ago
Legal AI startup Legora raises $550 million to speed up US expansion
1 day ago
Nio swings to black with Q4 profit of 122.4 million yuan; shares surge over 14%
Shikhar Gupta - Full-year net loss narrows from 22.7 billion yuan to 15.6 billion yuan on higher deliveries
1 day ago
Nio swings to black with Q4 profit of 122.4 million yuan on record deliveries
Shikhar Gupta - Its full-year net loss narrows from 22.7 billion yuan to 15.6 billion yuan
1 day ago
OCBC sees regional transaction banking growth outpacing Singapore, senior executive says
Transaction banking revenue is currently split about 60:40 between domestic and regional markets
1 day ago
Jardine Matheson 2025 underlying profit up 11% at US$1.7 billion
Shikhar Gupta - The group’s final dividend of US$1.75 a share brings its full-year payout to US$2.35 a share
1 day ago
Citi braces for busy spell for financial sponsors deals in Asia
The bank leads on the STT GDC deal for KKR and Singtel, providing key acquisition financing
1 day ago
South Korea fines Mercedes US$7.6 million over misleading EV battery information
SEOUL: South Korea's antitrust regulator said on Tuesday (Mar 10) it has fined Mercedes-Benz 11.2 billion won (US$7.61 million) for misrepresenting the battery suppliers in its electric vehicles.The Korea Fair Trade Commission said Mercedes-Benz promoted its EQE and EQS models as using premium ...
1 day ago
Jardine Matheson's underlying profit for FY2025 up 11%; declares higher dividend of US$2.35 per share
The Edge Singapore - Jardine Matheson has reported earnings of US$1.1 billion for its FY2025, a turnaround from losses of US$468 million incurred in the preceding year. Revenue in the same period was down 4% to US$34.2 billion. Underlying profit attributable to shareholders, which the company says is a "key measure ...
1 day ago
SGX to offer bond futures for India, South-east Asia
The rollout comes as bond markets tumbled amid anxiety about the global economy
1 day ago
Sembcorp’s A$3 billion Alinta loan fuels Australia’s funding boom
The loan for Sembcorp’s Australian unit will be split between an acquisition tranche