22 hours ago
Opec further lowers 2026 global oil demand growth forecast
It lowered demand growth in 2026 to 780,000 barrels per day
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
22 hours ago
US agency closes Starship review ahead of SpaceX's next test flight
The next test flight for Elon Musk's SpaceX Starship rocket could take place as early as this week.
22 hours ago
EU imposes sanctions on Russians over human rights and cybercrime
July 13 : The European Union on Monday broadened sanctions against Russia to include individuals and entities responsible for cybercrime and human rights violations, naming popular social media app VKontakte among them.• VKontakte and its daughter company Communication Platform LLC were added to t ...
22 hours ago
EuroSports Global unit Scorpio Electric’s motorcycle now road-legal
Goh Ruoxue - Its flagship Lambda Scorpii model is now registered for use on Singapore roads
22 hours ago
Singapore’s first electric motorcycle maker’s flagship model now road-legal
Goh Ruoxue - Scorpio Electric is a subsidiary of Catalist-listed EuroSports Global
23 hours ago
Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch
July 13 : Global smartphone shipments fell 11 per cent in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research. Apple bucked the trend with a 3 per ...
23 hours ago
US dollar wavers amid renewed Iran attacks, yen slides on pensions doubts
[SINGAPORE/LONDON] The US dollar slipped on Monday (Jul 13) after giving up earlier gains as investors focused on renewed hostilities in the...
23 hours ago
India's HCLTech results beat on financial services boost; enters data center business
BENGALURU, July 13 : HCLTech, India's third-largest software services exporter, beat profit and revenue expectations for the first quarter on Monday, buoyed by strength in its financial services and a weak rupee.The company also retained its annual revenue forecast while announcing a foray into ...
23 hours ago
India's HCLTech beats first-quarter revenue estimates on financial services strength
BENGALURU, July 13 : Indian software services exporter HCLTech beat analysts' expectations for first-quarter revenue on Monday, buoyed by strength in its financial services, technology and retail segments.The country's third-largest IT services firm posted a 13.94 per cent year-on-year ris ...
23 hours ago
India's HCLTech beats first-quarter revenue estimates
BENGALURU, July 13 : Indian software services exporter HCLTech's first-quarter revenue beat expectations on Monday, as financial services clients spent more on technology.The country's third-largest IT services firm posted a 13.94 per cent year-on-year rise in consolidated revenue to 345.7 ...
24 hours ago
Intel announces $5.7 billion AI-driven capital investment in Ireland
LEIXLIP, Ireland, July 13 : Intel has begun a €5 billion ($5.7 billion) capital investment to upgrade its Irish campus and expand its European output to meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.Intel said the move would upgrade and maximiz ...
24 hours ago
Intel announces $5.7 billion capital investment at Irish manufacturing hub
LEIXLIP, Ireland, July 13 : Intel has begun a €5 billion ($5.7 billion) capital investment at its Irish campus to expand its manufacturing output in Europe and meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.Intel said the move would maximize cap ...
24 hours ago
US-based fintech firm Payoneer opens tech hub in India, boosts hiring
July 13 : Nasdaq-listed fintech firm Payoneer Global plans to hire around 300 engineers by end of 2026 for its new global capability centre in India, joining a growing list of companies tapping into the world's most populous country to fulfill their talent needs.Global firms including Mastercar ...
1 day ago
Volkswagen CEO threatens 50,000 more job cuts in memo to staff
[BERLIN] Volkswagen could cut around 50,000 additional jobs based on calculations aimed at bringing the carmaker into line with the cost competitiveness...
1 day ago
Trump invested crypto gains in stocks and bonds, filings show
July 13 : President Donald Trump’s financial disclosures show that even as he and his two eldest sons were encouraging investors to plow their money into crypto projects — which resulted in steep losses for retail buyers — his money managers were investing a significant portion of the proceeds ...
1 day ago
Nobel laureates among more than 200 experts urging action on AI's economic impact
July 13 : More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI.They issued the jointly signed statem ...
1 day ago
Over 200 experts call for urgent action to tackle AI's economic impact
July 13 : More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI.They issued the jointly signed statem ...
1 day ago
DBS crosses S$200 billion in market capitalisation as earnings optimism drives Singapore bank rally
Tan Nai Lun - There could be more room to run ahead of the lenders’ Q2 results release in August, say analysts
1 day ago
Lum Chang Creations to move to SGX mainboard on Jul 16
Goh Ruoxue - It raises S$10.8 million in share placement net proceeds
1 day ago
Singapore’s CapitaLand disbands special opportunities team
The group will still look at special situations deals if opportunities emerge, said a person familiar with the matter
1 day ago
CapitaLand disbands special opportunities team
The group will still look at special situations deals if opportunities emerge, said a person familiar with the matter
1 day ago
Johor landslide win fuels early Malaysia general election talk
Tan Ai Leng - Negeri Sembilan polls is another critical litmus test for Malaysia’s national election timeline
1 day ago
Singapore shares end flat on Monday after US and Iran exchange attacks
The STI edges up 0.02% as investors digest news of the fresh strikes that are casting doubt on peace talks
1 day ago
Singapore shares inch up 0.02% on Monday after US and Iran exchange attacks
The STI reaches a new high of 5,470.34
1 day ago
Singapore shares end almost flat on Monday after US and Iran exchange attacks
The STI ended the session 0.02% up to reach a new high of 5,470.34
1 day ago
Largest public fast-charging hub for electric commercial vehicles opens in Jurong
The hub has 46 charging points, six on level one and 40 on level five
1 day ago
White House to rally utilities, data centers over AI power costs
WASHINGTON, July 13 : The White House plans to bring together utility companies and data center developers for a voluntary pledge designed to ensure rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people ...
1 day ago
White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 : The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to thre ...
1 day ago
Strategy bitcoin sales shine light on faltering crypto hoarding companies
NEW YORK, July 13 : A move by Michael Saylor's bitcoin stockpiling company Strategy to authorize more bitcoin sales has once again shone a spotlight on a clutch of public crypto hoarding companies, which have been buffeted by falling token prices. Strategy's shares briefly bounced on Frida ...
1 day ago
Meta expands Louisiana data center to 5 gigawatts compute capacity
July 13 : Meta said on Monday its data center in Richland Parish, Louisiana will expand to 5 gigawatts of compute capacity, in a bid to support the social media company's AI ambitions. Since breaking ground in December 2024, local Louisiana businesses have received more than $1.6 billion in con ...
1 day ago
Meta expands Louisiana data center to 5 gigawatts, investment crosses $50 billion
July 13 : Meta said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, with investment in the project increasing to more than $50 billion.The planned data center, known as Hyperion, was earlier projected to deliver more than 2 gigawatts of comput ...
1 day ago
Jardine Matheson’s strategic transformation ‘not fully priced in’, says DBS in initiation report
Felicia Tan - DBS Group Research analysts Elizabelle Pang and Sachin Mittal have initiated a “buy” call on Jardine Matheson as they believe the group’s strategic transformation has not been “fully priced in”. “We have turned more constructive following Jardine Matheson's Investor Day, where manag ...
1 day ago
Shein scheduled for Hong Kong IPO hearing on Jul 16, sources say
This brings the fast-fashion retailer closer to its much-awaited market debut
1 day ago
A pension shift in Japan may hurt some foreign money managers
HONG KONG, July 13 : Global asset managers such as State Street and Legal & General face a potential hit of tens of millions of dollars in money management fees after Japan signaled a goal to channel more state retirement funds into domestic assets.Investors bet that billions of dollars could be ...