2 days ago
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
GLOBAL EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Trump signs order aimed at curbing state AI laws
[WASHINGTON] US President Donald Trump on Thursday signed an executive order on artificial intelligence that will attempt to preempt a growing number...
2 days ago
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore real estate fund
Deon Loke - New fund will be Singapore’s biggest private real estate fund and is part of group’s aim to grow its AUM to US$100...
2 days ago
Hongkong Land pumps MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore real estate fund
Deon Loke - New fund will be Singapore’s biggest private real estate fund and is part of group’s aim to grow its AUM to US$100...
2 days ago
Hongkong Land advances S$8 billion private real estate fund following Keppel Reit’s MBFC deal
Deon Loke - It is expected to launch with an AUM more than double the value of the seed portfolio provided by Hongkong Land
2 days ago
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund
Deon Loke - New fund will be Singapore’s biggest private real estate fund; move follows divestments of other major assets
2 days ago
Stocks to watch: Sembcorp, CDL, UOL, GuocoLand, Seatrium, Singtel, Hongkong Land
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 12):
2 days ago
Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?
Shikhar Gupta - Sembcorp says acquisition driven by Alinta’s renewables pivot and not by its Loy Yang B coal-fired power station
2 days ago
Reddit files lawsuit against Australia’s social media ban
[SYDNEY] Message board website Reddit on Friday filed a lawsuit asking the High Court to overturn Australia’s social media ban for people...
2 days ago
Graphic: a timeline of the Hao Mart-OG clash
Chloe Lim - [SINGAPORE] Food and dining-focused mall Taste Orchard has made its waves in the news – from empty units to legal battles among...
2 days ago
Lululemon CEO McDonald to step down, shares rise 10%
LULULEMON Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares...
2 days ago
Australia approves Hanwha's larger stake in Austal with strict conditions
SYDNEY, Dec 12 : Australia said on Friday it would not oppose a proposal by Korea's Hanwha to nearly double its stake in Australian shipbuilder Austal, but the deal will be constrained by strict conditions covering data access and security.Treasurer Jim Chalmers said the decision to allow the S ...
2 days ago
Australia clears Hanwha's bid to raise stake in shipbuilder Austal
SYDNEY, Dec 12 : Australia said on Friday it would not oppose a proposal by Korea's Hanwha to increase its stake in Australian shipbuilder Austal to 19.9 per cent from 9.9 per cent, but the deal will be subject to strict conditions over data information and security."It follows a thorough ...
2 days ago
Reddit files lawsuit against Australia's social media ban
SYDNEY, Dec 12 : Reddit on Friday filed a lawsuit in Australia's top court challenging the country's social media ban and will ask the court to overturn the company's inclusion in the law."This law has the unfortunate effect of forcing intrusive and potentially insecure verificat ...
2 days ago
TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud
2 days ago
OpenAI beefs up GPT models in AI race with Google
OPENAI released its latest artificial intelligence models on Thursday, shrugging off worries about how it will cash in on massive spending in...
2 days ago
Hongkong Land plans private property fund with its stakes in ORQ, MBFC and ORL as seed assets
The Edge Singapore - Hongkong Land has announced it is setting up its Singapore Central Private Real Estate Fund (SCPREF). SCPREF is expected to be seeded by Hongkong Land’s Singapore commercial portfolio and other assets acquired by the fund on inception and over time, creating future growth in earnings and AUM, as w ...
2 days ago
US to mandate AI vendors measure political bias for federal sales
WASHINGTON, Dec 11 : The U.S. government will require artificial intelligence vendors to measure political "bias" to sell their chatbots to federal agencies, according to a Trump administration statement released on Thursday. The requirement will apply to all large language models bought ...
2 days ago
Musk signals plan to launch IPO for SpaceX
Recent US media reports state that SpaceX stands poised for a record-setting US$1.5 trillion IPO
2 days ago
Google faces EU fine next year for favouring own services, sources say
[BRUSSELS] Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against...
2 days ago
Oil retreats as investors’ focus on Ukraine, US fuel supplies
[HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories.
2 days ago
Consumers want fast and cheap delivery. What does that mean for Singapore's parcel delivery workers?
Plummeting pay rates and harsh penalties are driving last-mile delivery workers out of the industry, even as e-commerce demand continues to surge.
2 days ago
European markets end higher as investors cheer Fed cut; SNB holds rate
EUROPEAN shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the US Federal Reserve’s overnight interest rate cut...
2 days ago
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy update that...
2 days ago
Broadcom sees dip in quarterly margins due to AI, shares fall
Dec 11 : Broadcom projected first-quarter revenue above Wall Street estimates on Thursday, but said that margins would fall due to a higher mix of AI revenue, and shares fell 5 per cent in extended trading.Broadcom has jumped into the AI chip business, which has investors nervous about the profitabi ...
2 days ago
Broadcom forecasts upbeat quarterly revenue on AI chip demand
Dec 11 : Broadcom on Thursday projected first-quarter revenue above Wall Street estimates, betting that sustained, robust demand for its specialized artificial intelligence chips would power another year of growth and help quell investor worries of a spending slowdown.Shares of the Palo Alto, Califo ...
2 days ago
US dollar sags as Fed outlook undermines; Swiss franc gets SNB lift
NEW YORK/LONDON, Dec 11 : The U.S. dollar stumbled on Thursday, hitting multi-month lows against the euro, Swiss franc, and sterling and extending losses from the previous session, after the Federal Reserve delivered a less hawkish outlook than some had expected.The Swiss franc drew support from the ...
2 days ago
Key barrier to online fraud can be bypassed for pennies, say researchers
WASHINGTON, Dec 11 : A central barrier to the creation of bogus social media accounts can be bypassed for as little as a few cents at a time, researchers at the University of Cambridge determined, a sign of just how low the barriers are to online disinformation efforts.Digital platforms have a varie ...
2 days ago
Fortnite returns to Google Play in US after court order
Dec 11 : Epic Games' popular battle royale title Fortnite is back on the Google Play Store in the United States after Google complied with a U.S. District Court injunction, the company said on Thursday.Epic added that it is working with Google to seek court approval of a settlement reached betw ...
2 days ago
US appeals court partly reverses sanctions against Apple in Epic Games antitrust lawsuit
WASHINGTON, Dec 11 : Apple on Thursday persuaded a U.S. appeals court to reverse parts of a court order requiring the iPhone maker to make some changes to its lucrative App Store to promote greater competition, while losing its effort to overturn a sweeping injunction.The ruling by the San Francisco ...
2 days ago
Apple wins partial reversal of sanctions in Epic Games antitrust lawsuit
WASHINGTON, Dec 11 : Apple on Thursday persuaded a U.S. appeals court to reverse parts of a court order requiring the iPhone maker to make changes to its lucrative App Store to promote greater competition, but lost its bid to overturn a sweeping injunction.The San Francisco-based 9th U.S. Circuit Co ...
2 days ago
Explainer-What are credit default swaps and why are investors watching Oracle's?
LONDON, Dec 11 : The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.A growing debt pile, at just over $100 billion, means Oracle h ...
2 days ago
What are credit default swaps and why are investors watching Oracle's?
LONDON, Dec 11 : The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.A growing debt pile, at just over $100 billion, means Oracle h ...
2 days ago
OpenAI launches GPT-5.2 AI model with improved capabilities
Dec 11 : OpenAI on Thursday launched its GPT-5.2 artificial intelligence model, touting improvements in general intelligence, coding and long-context understanding, the company said in a statement.The new model is expected to bring even more economic value for users, as it is better at creating spre ...