1 day ago
Fu Yu’s largest shareholder makes new request to table motion to oust directors at AGM
Therese Soh - This follows Victor Lim’s two previous attempts to requisition EGM for the directors’ appointments and removals
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Geely’s profit triples, beating estimates, on strong sales
Chinese automakers are also effectively shut out of the US due to a more than 100 per cent import tax on cars...
1 day ago
Meta's Instagram outage in US nearly resolved as reports drop, Downdetector shows
Reports of an Instagram outage in the U.S. on Thursday evening dropped significantly, according to outage tracking website Downdetector.com, indicating that the issue has largely been resolved for many users.As of 8:34 p.m. ET, there were only 429 incidents reported, down from 19,431 earlier, accord ...
1 day ago
Meta's Instagram down for thousands of US users, Downdetector shows
Meta Platforms's Instagram was down for thousands of users in the U.S. on Thursday evening, according to outage tracking website Downdetector.com.There were more than 19,431 incidents of people reporting issues with the platform, as of 7:25 p.m. ET, according to Downdetector, which tracks outag ...
1 day ago
Chinese parcels that Trump wants to tariff are already falling
[NEW YORK] Chinese companies cut back on the small packages they shipped to the US last month, as President Donald Trump looks...
1 day ago
Temu-owner PDD’s revenue misses estimates as expansions slow
The e-commerce company has warned about domestic competition since August and predicted that its profitability will trend downward over time
1 day ago
Japan's core inflation hits 3% in February, keeps alive BOJ rate-hike bets
TOKYO : Japan's core consumer prices rose 3.0 per cent in February from a year earlier, government data showed on Friday, staying above the central bank's 2 per cent target and reinforcing market expectations of further interest rate hikes.The increase in the core consumer price index (CPI ...
1 day ago
Elon Musk issued summons in SEC case over Twitter stake disclosure
Elon Musk, the world's richest man and a top adviser to U.S. President Donald Trump, was issued a summons in connection with the Securities and Exchange Commission's lawsuit against him, a court filing on Thursday showed.A process server gave the civil summons and other documents on March ...
1 day ago
Apple shuffles AI executive ranks in bid to turn around Siri
[LOS ANGELES] Apple is undergoing a rare shake-up of its executive ranks, aiming to get its artificial intelligence (AI) efforts back on...
1 day ago
Most Japan firms stay committed to diversity despite US moves, Reuters survey shows
TOKYO : More than three-quarters of Japanese companies have no plan to pull back from promoting workplace diversity and decarbonisation despite recent policy changes in the United States, a Reuters survey showed on Friday.Since taking office in January, U.S. President Donald Trump has issued a serie ...
1 day ago
BYD vows to conquer Europe with new model, fast-charging capability
[PARIS] Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to rival...
1 day ago
Chinese electric car maker BYD aims for Europe boost
[PARIS] Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to rival...
1 day ago
FedEx cuts profit outlook again amid mounting economic woes
The parcel company is the latest US company to sound the alarm over weakening consumer confidence and potential fallout from US President...
1 day ago
Micron gives upbeat sales forecast after AI fuels demand
The company’s high-bandwidth memory, or HBM, has become a vital piece of AI systems
1 day ago
Trump trade upheaval leaves foreign central banks guessing
[WASHINGTON] Slowing economic growth mixed with a bout of renewed inflation risks moving the US from global overachiever to a drag on...
1 day ago
Nike sales beat estimates in new CEO’s first full quarter
CEO Elliott Hill is attempting to guide the company back to growth after a difficult year of falling sales and corporate layoffs
1 day ago
Oil prices settle US$1 higher after US issues new Iran-related sanctions
[HOUSTON] Oil prices rose on Thursday after the United States issued new Iran-related sanctions and renewed tensions in the Middle East countered strength...
1 day ago
Europe: Shares slip after global central banks flag economic uncertainty; Switzerland cuts rates
EUROPEAN shares closed lower on Thursday, after four sessions of gains, as investors booked some profits and assessed interest rate decisions by major...
1 day ago
US: Stocks edge lower as Fed rally falters
[WASHINGTON] US stocks closed lower on Thursday, as a Fed-related rally lost steam, and traders looked ahead to the prospect of additional tariffs next...
1 day ago
Commentary: China's anger over Panama ports sale is a wake-up call for Hong Kong tycoons
Hong Kong billionaire Li Ka-shing’s family once enjoyed the highest level of access to China’s leadership. With the planned sale of Panama Canal port operations, it now finds itself in a difficult position, says former SCMP editor-in-chief Wang Xiangwei.
1 day ago
Triple whammy: JB Ramadan bazaar vendors grapple with higher costs, stricter rules and price-conscious customers
Consumers in Johor Bahru and Singapore tell CNA they are feeling the strain of inflation and are actively adjusting their spending habits, adding further pressure for traders on both sides of the Causeway to sustain their businesses.
1 day ago
Commentary: Just business or 'a betrayal'? Why HK tycoon Li Ka-shing’s Panama Canal deal has upset China
Hong Kong billionaire Li Ka-shing’s family once enjoyed the highest level of access to China’s leadership. With the planned sale of Panama Canal port operations, it now finds itself in a difficult position, says former SCMP editor-in-chief Wang Xiangwei.
1 day ago
Commentary: BYD’s 5-minute charge - is time running out for electric vehicle rivals?
BYD’s second shock announcement of the year could put others out of business, say these Financial Times writers.
1 day ago
Singapore bank sector may cut hiring amid volatile markets, global financial job losses
Wong Chia Peck - The recent series of job cuts underscore the challenges lenders are grappling with; US banks’ layoffs could ripple through to Singapore
1 day ago
Volatile markets, heightened uncertainty may slow banks’ hiring: recruiters
Wong Chia Peck - The recent series of job cuts underscore the challenges lenders are grappling with; US banks’ layoffs could ripple through to Singapore
1 day ago
Micron forecasts upbeat quarterly revenue on strong AI memory chip demand; shares rise
Micron Technology forecast third-quarter revenue and posted second-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used by the AI industry.The company's shares rose nearly 4 per cent in after-hours trading, following a 9 ...
1 day ago
Micron forecasts upbeat quarterly revenue on demand for AI memory chips; shares rise
Micron Technology forecast third-quarter revenue and posted second-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used by the AI industry.The company's shares rose nearly 5 per cent in after-hours trading, following a 9 ...
1 day ago
Micron forecasts upbeat quarterly revenue on demand for AI memory chips
Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used by the AI industry.The company's shares rose nearly 5 per cent in after-hours trading. The stock had risen 9 per cent this month, ahea ...
1 day ago
Perplexity AI in talks to raise funds at $18 billion valuation, source says
Perplexity AI is in talks to raise funds at an $18 billion valuation, a person familiar with the matter told Reuters on Thursday, as the Nvidia-backed startup looks to grow and capture soaring demand for its search tools.The jump in valuation doubles the previous $9 billion figure, reported by Reute ...
1 day ago
Nvidia to open quantum computing lab, CEO says
(Removes extra "the" in second paragraph)SAN JOSE, California : Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology, Nvidia CEO Jensen Huang said on Thursday.Huang ...
1 day ago
Apple shakes up AI executive ranks in bid to turn around Siri, Bloomberg News reports
Apple is shaking up its executive ranks to get its AI efforts back on track after months of delays, Bloomberg News reported on Thursday citing people familiar with the situation.Some AI improvements to voice assistant Siri will be delayed until 2026, Apple had said earlier this month without giving ...
1 day ago
Creditors file over S$198m in claims against troubled Qoo10, but only S$34,650 recovered
[SINGAPORE] More than S$198 million in claims have been submitted by creditors to the liquidator of beleaguered online marketplace Qoo10, but only...
1 day ago
US stocks end down on economic worry; oil up on Middle East tensions
NEW YORK :U.S. stocks posted modest losses and the dollar strengthened on Thursday as investors weighed solid data against notes of caution about trade from world central bank leaders. Gold eased from record highs and crude prices advanced as the afternoon progressed.Geopolitical tensions heated up ...
1 day ago
US stocks rise, dollar strengthens as strong data counters central banks' caution
NEW YORK :U.S. stocks extended their rally and the dollar strengthened as solid data helped investors look past notes of caution from world central bank leaders regarding mounting economic uncertainties and U.S. President Donald Trump's erratic tariff policies. U.S. data showed jobless claims h ...