1 day ago
European equities tick lower as failed US-Iran talks weigh on sentiment
EUROPEAN shares dipped on Monday as expectations of a swift resolution to the Middle East conflict dimmed following the breakdown of US-Iran...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Oil prices jump 4% on US blockade of Iran after talks break down
[NEW YORK] Oil prices climbed about 4 per cent on Monday after the US military began a blockade of ships leaving Iran’s ports,...
1 day ago
Bending Spoons cuts Eventbrite staff, rolls out product changes after takeover
April 13 : Eventbrite's new owner, Italian tech company Bending Spoons, said on Monday it had cut a large portion of the American ticketing platform's pre-acquisition workforce and implemented broad product changes in the weeks following the deal closure.Andrea Parodi, who took over leader ...
1 day ago
US stocks gain, dollar dips on hopes for Iran war negotiations
NEW YORK, April 13 : Wall Street's main indexes rallied to close sharply higher on Monday as hopes for de-escalation in the Middle East helped investors look past the failed U.S.-Iran talks and focus on the start of first-quarter earnings season.I will go into more detail on today's market ...
1 day ago
Exclusive-HSBC hires ICBC Standard Bank trader to lead global metals trading, sources say
LONDON, April 13 : HSBC, one of the world's largest bullion-trading banks, is hiring Mark Augustynak, a metals trader at ICBC Standard Bank, to head its global metals trading business, two sources with knowledge of the matter told Reuters.HSBC, along with ICBC Standard Bank, JPMorgan and UBS, i ...
1 day ago
World Liberty investor Justin Sun claims Trump crypto venture 'secretly' installed tool to freeze user holdings
LONDON, April 13 : A major investor in U.S. President Donald Trump's World Liberty Financial crypto venture has claimed that the firm "secretly" implemented a tool to unilaterally freeze and restrict private holdings of its WLFI token. In posts on social media platform X on Sunday, cr ...
1 day ago
Anthropic talking to the Trump administration about its next AI model, co-founder says
WASHINGTON, April 13 : Anthropic is discussing its frontier AI model Mythos with the Trump administration, the firm's co-founder said on Monday, even after the Pentagon cut off business with the U.S. AI company following a contract dispute.A dispute between Anthropic and the Pentagon over gu ...
1 day ago
Analysis:AI-boosted hacks with Anthropic’s Mythos could have dire consequences for banks
April 13 : Anthropic's Mythos, a new AI model the company and cybersecurity experts warn could supercharge complex cyberattacks, poses significant challenges to the banking industry with its legacy technology systems, experts said in the days following the model's announcement.The model, a ...
1 day ago
Hollywood stars sign open letter opposing Paramount-Warner Bros deal
April 13 : Over 1,000 filmmakers, actors and industry professionals signed an open letter opposing Warner Bros Discovery's proposed $110 billion merger with Paramount Skydance, warning it would reduce competition and deepen consolidation in the U.S. media sector.• Actors including Jane Fonda, ...
1 day ago
Meta poised to surpass Google in digital ad revenue for first time, report says
April 13 : Meta Platforms is projected to surpass Alphabet's Google in digital advertising revenue globally by the end of 2026, and dethrone the search-engine behemoth in the lucrative business, according to Emarketer.The Instagram-owner's global net ad revenues are expected to reach $243. ...
1 day ago
Uber faces second driver sexual assault trial following $8.5 million verdict
April 13 : After a key setback in the first trial of its kind before a federal jury, Uber is expected to return to court on Tuesday to face a second woman's claims that she was sexually assaulted by a driver she booked through the app.The jury trial in Charlotte, North Carolina federal court, w ...
1 day ago
Uber faces second driver sexual assault trial following US$8.5 million verdict
Uber is facing another second sexual assault trial involving one of its drivers after a previous case resulted in a US$8.5 million verdict against the company.
1 day ago
Goldman Sachs posts higher Q1 profit of US$5.4 billion on strength in dealmaking, equities trading
A landmark deal in Q1 entailed advising Unilever on the merger of its food business with spicemaker McCormick
1 day ago
UK to probe Paramount-Warner Bros deal in coming weeks, competition watchdog says
April 13 : Britain's antitrust watchdog is expected to launch an investigation into Paramount Skydance's planned $110 billion acquisition of Warner Bros Discovery in "the coming weeks," a spokesperson said on Monday."The film and TV industries contribute billions to our econ ...
1 day ago
US stocks finish higher amid hopes for US-Iran deal as oil price gains moderate
Markets are betting on a possible US-Iran deal after US President Donald Trump said Iran would “like to make a deal, very badly”.
1 day ago
US stocks retreat as oil prices shoot higher
NEW YORK: Wall Street stocks retreated early Monday (Apr 13) after weekend US-Iran talks failed to produce an accord while Washington moved ahead with a naval blockade, sending oil prices high
1 day ago
Fears of recession, demand destruction in industrial metals loom as US-Iran war drags on
Benicia Tan - Analysts note that Asia is most vulnerable to volatility in base metals due to a lack of buffers
1 day ago
US: Wall St subdued at open as failed US-Iran talks unsettle investors
[NEW YORK] Wall Street’s main indices opened lower on Monday (Apr 13) after weekend talks between the US and Iran failed to...
1 day ago
Morgan Stanley says earnings shield S&P 500 from Iran war
Wall Street analysts remain optimistic, expecting a 12% growth in Q1 profits for companies on the index
1 day ago
Physical oil hits fresh record high near US$150 a barrel as Hormuz crisis worsens
The price of Brent crude futures rises 6% for June delivery to more than US$100 a barrel
1 day ago
Oil jumps nearly 7% to above US$100 ahead of US blockade on Iran
Brent crude futures gains US$6.52, or 6.9%, to US$101.72 a barrel; WTI up around US$7, or 7.2% at US$103.55
1 day ago
Dutch regulator notifies European Commission of plan to seek EU approval for Tesla's FSD
April 13 : Dutch vehicle authority RDW has notified the European Commission of its plan to seek European Union-wide approval for Tesla's Full Self-Driving software system, the regulator's general manager of type approvals told Reuters on Monday.Bernd van Nieuwenhoven emphasised that the FS ...
1 day ago
Koh Brothers rejects shareholders’ renewed push for distribution of Oiltek stake
Tessa Oh - Putting the same resolution to a vote at the group’s 2025 AGM was to promote open engagement, says the board
1 day ago
Drinks distributor Octopus raises $5 mil from Spain's Osborne
The Edge Singapore - Drinks distributor Octopus (APAC) Holdings has raised $5 million from a business partner by issuing new shares. Spanish firm Gruppo Osborne will subscribe for new shares at 6.8 cents each, which is a 13.33% premium to the April 9 closing price of 6 cents. The shares, halted ahead of this announcemen ...
1 day ago
Indonesia can outlast Middle East war fallout to year end: Minister
JAKARTA: Indonesia's economy minister said Monday (Apr 13) the Southeast Asian nation can outlast the impacts of Middle East war-fuelled oil price hikes for as many as 10 months without cutting fuel subsidies.Minister Airlangga Hartarto told foreign media in Jakarta his government "is read ...
1 day ago
Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay
Deon Loke - Retailer has been looking to operate on five floors of the strata-titled mall but has faced challenges in reaching agreements with individual...
1 day ago
Intraco says $99,300 misappropriated by former employee; police report filed
The Edge Singapore - Intraco, following internal probes, has discovered misappropriation of $99,300 by an unnamed "key management personnel" who left last May. Based on what it has uncovered so far, the misappropriation took place in the financial years FY2023 to FY2025. For context, the amounts misappropriate ...
1 day ago
Koh Brothers rejects shareholders' request to hold AGM vote on distribution of Oiltek shares
The Edge Singapore - Koh Brothers Group has declined to put forward a resolution requested by certain shareholders agitating to receive the distribution of Oiltek International shares that KBG holds indirectly. According to KBG on March 25, a group of shareholders had asked KBG to include at its upcoming AGM a resolutio ...
1 day ago
Singapore stocks fall, tracking regional decline; STI down 0.1%
Benicia Tan - Across the broader market, decliners outnumber gainers 315 to 262 after 1.3 billion securities change hands
1 day ago
Chip-designer SkyeChip inks Malaysia IPO underwriting deal with Maybank, CIMB
The offering comprises 400 million new shares, or 22.3% of the company’s enlarged share capital
1 day ago
Roblox to introduce age-based accounts in child safety push
April 13 : Videogame platform Roblox on Monday said it will create tailored accounts for young users in a push to shore up online safety, as it deals with intense global scrutiny over concerns of child endangerment. Through the company's age-check nL6N3WT1HT system or parental verification, Rob ...
1 day ago
Tesco partners with Adobe to ramp up AI‑driven personalised marketing
LONDON, April 13 : Tesco, Britain's biggest food retailer, has partnered with U.S. software group Adobe to deepen its use of artificial intelligence in analysing customer data, aiming to boost sales through more personalised marketing, the groups said on Monday.Retailers are increasingly turnin ...
1 day ago
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Jude Chan - The benchmark Straits Times Index has outperformed the S&P 500 – in both USD and SGD terms – in recent years
1 day ago
Acrophyte Hospitality Trust’s ability to stay afloat in doubt over US$198.5 million loan due in September
Tessa Oh - Refinancing formal negotiations and due diligence are expected to take place only closer to the loan’s maturity date