14 hours ago
Manulife issues record US$300 million life policy for a single client
Genevieve Cua - The sale reflects a nascent but growing use of insurance for legacy and succession planning among high-net-worth families
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
In AI era, NTUC aims to play stronger role in youths' transition from school to workforce: Ng Chee Meng
“In a very uncertain age, the very core of NTUC and the union is to protect the worker. And in the AI age, it is no longer the blue-collar worker that may require protection, but even the white-collar workers,” says labour chief Ng Chee Meng.
14 hours ago
Oil companies get US Supreme Court hearing on climate suits
Boulder says the companies should cover some of the costs state and local governments are incurring to cope with the problem
14 hours ago
European shares slip as fresh US trade uncertainty sours sentiment
EUROPEAN shares fell on Monday as renewed uncertainty over US trade policy gripped financial markets after President Donald Trump announced a new blanket...
14 hours ago
Commentary: Gold enters the storybook stage
Its price is now far above levels suggested by fundamental forces, but it’s hard to see what might stop its ascent, says Ruchir Sharma for the Financial Times.
14 hours ago
Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says
Feb 23 : Paramount Skydance submitted a higher offer for Warner Bros Discovery, a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.The bidding war for one of Hollywood's most coveted assets including the "Har ...
14 hours ago
US stocks: Wall Street ends sharply lower amid AI displacement fears and revived tariff angst
[NEW YORK] Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday’s US Supreme Court ruling...
15 hours ago
Green group files SGX complaint against OCBC alleging disclosure gaps on coal plants
Janice Lim - Market Forces flags lack of disclosures around lender’s exposure towards captive coal plants
15 hours ago
Green group files SGX complaint against OCBC over disclosure gaps on coal plants
Janice Lim - Market Forces flags lack of disclosures around lender’s exposure towards captive coal plants
15 hours ago
SGX complaint filed against OCBC on its sustainable financing disclosures
Janice Lim - Environmental group Market Forces flags lack of disclosures around lender’s exposure towards captive coal plants
15 hours ago
CrowdStrike, Datadog and other cybersecurity stocks slide after Anthropic's AI tool launch
Feb 23 : Shares of cybersecurity companies including CrowdStrike and Datadog slumped on Monday, as investors weighed the potential impact of artificial intelligence startup Anthropic's new security tool on the industry.Anthropic's new feature, Claude Code Security, is designed to detect hi ...
16 hours ago
Crypto.com gets conditional US approval for national trust bank charter
Feb 23 : Crypto.com said on Monday it has received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter, paving the way for the digital assets firm to become a federally regulated custodian.The approval comes as the U.S. adopts a markedly more cry ...
17 hours ago
Amazon plans $12 billion Louisiana data center buildout
SAN FRANCISCO, Feb 23 : Amazon said it expects to invest $12 billion in Louisiana as part of a plan to build data centers in the Pelican State.The Seattle-based online retailer said the data center buildout, in northwest Louisiana, will create 540 full-time jobs, as well as additional jobs it claim ...
17 hours ago
Amazon plans $12 billion data center buildout in Louisiana
SAN FRANCISCO, Feb 23 : Amazon said it plans to invest $12 billion in Louisiana as part of a plan to build data centers in the Pelican State.The Seattle-based online retailer said the data center buildout, in northwest Louisiana, will create 540 full-time jobs, as well as additional jobs it says w ...
17 hours ago
Canadian officials to meet with OpenAI safety team after school shooting
Feb 23 : Canada has summoned top officials from OpenAI for a meeting about the company's safety protocols, an official said on Monday, after the ChatGPT maker said it did not reach out to police about an account it banned last year belonging to mass shooter Jesse Van Rootselaar.Van Rootselaar, ...
17 hours ago
Canada summons OpenAI safety team to Ottawa after school shooting
Feb 23 : Canada has summoned top officials from OpenAI to Ottawa after it emerged the company had not shared internal concerns about a person who went on to commit a school shooting, Artificial Intelligence Minister Evan Solomon said on Monday.Earlier this month an 18-year-old with mental health pro ...
18 hours ago
C.H. Robinson CEO says AI will drive freight brokerage consolidation
Feb 23 : Global logistics provider C.H. Robinson's CEO Dave Bozeman dismissed a recent selloff tied to AI-led disruption in the freight industry, and said the race to adopt the technology would spur consolidation instead. C.H. Robinson's shares posted their biggest single-day drop in rough ...
19 hours ago
Engie eyes bitcoin mine and storage system at huge new Brazil solar plant
RIO DE JANEIRO, Feb 23 : Engie is looking at installing storage systems or bitcoin mining data centers at its new solar plant in Brazil to make the facility more profitable, the local head of the French utility company said.Having those systems would reduce curtailments that are hurting the economic ...
20 hours ago
Meta users survey found 19% of young teens on Instagram report seeing unwanted nude images
WASHINGTON, Feb 23 : Nearly 1 in 5 users aged 13 to 15 told Meta that they saw “nudity or sexual images on Instagram” that they didn’t want to view, according to a court filing. The document, made public on Friday as part of a federal lawsuit in California and reviewed by Reuters, includes po ...
20 hours ago
PayPal attracts takeover interest after stock slide, Bloomberg News reports
Feb 23 : Digital payments company PayPal is attracting takeover interest from potential buyers after a stock slide, Bloomberg News reported on Monday, citing people familiar with the matter.The payments firm has fielded meetings with banks amid unsolicited interest from suitors, the report said, add ...
20 hours ago
Big Tech to invest about $650 billion in AI in 2026, Bridgewater says
Feb 23 : U.S. technology giants Alphabet, Amazon, Meta and Microsoft are expected to collectively invest about $650 billion to scale up AI-related infrastructure this year, according to an analysis by Bridgewater Associates.The investments would mark a sharp increase from $410 billion in 2025.In a l ...
20 hours ago
Walmart will pay out 121% of annual bonuses to US corporate staff
E-commerce is fuelling the retailer’s expansion and is set to be its main growth driver going forward
21 hours ago
Dollar weakens as US tariffs struck down, Iran tensions rise
NEW YORK, Feb 23 : The dollar weakened on Monday as traders evaluated U.S. tariff policies after the U.S. Supreme Court on Friday struck down President Donald Trump’s tariffs, while traders also watched rising tensions with Iran, which is in talks with the United States over a nuclear treaty.The j ...
21 hours ago
Wall Street opens lower as tariff uncertainty hurts risk appetite
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Feb 23) as renewed tariff uncertainty unnerved investors after US President Donald...
22 hours ago
ASML unveils EUV light source advance that could yield 50% more chips by 2030
Power boost to 1,000W cuts chip costs, improves wafer output
22 hours ago
IQM Quantum Computers to list shares in US at initial $1.8 billion valuation
BRUSSELS, HELSINKI, Feb 23 : Finnish-headquartered IQM Quantum Computers is aiming to list its shares on the U.S. stock market via a merger with a special purpose acquisition company Real Asset Acquisition Corp, the companies said on Monday.The transaction will give the European company an initial e ...
22 hours ago
Carlsberg said to begin US$700 million IPO process for India unit
Details, including the size, structure and timing of the transaction, are still being finalised
22 hours ago
Centurion Accommodation REIT reports DPU of 1.739 cents, outperforming forecast by 6.7%
Felicia Tan - Centurion Accommodation REIT (CAREIT), which listed in September 2025, has reported a distribution per unit (DPU) of 1.739 cents for the financial period from Aug 12, 2025, to Dec 31, 2025, outperforming its forecast DPU of 1.63 cents by 6.7%. Based on CAREIT’s closing price of $1.11 per unit as a ...
23 hours ago
Centurion Accommodation Reit posts DPU of S$0.01739 in first results since IPO
Ry-Anne Lim - This is 6.7% higher than its forecast of S$0.0163; its revenue is also higher than forecast
23 hours ago
OpenAI deepens partnerships with consulting giants to push enterprise AI beyond pilot
Feb 23 : OpenAI is expanding its push into the enterprise market by teaming up with four of the world’s largest consulting firms, betting that a more hands-on approach will help corporate clients move beyond pilot projects to full-scale AI deployments.The company said on Monday it had launched the ...
23 hours ago
ValueMax 2HFY2025 earnings up 14% y-o-y, full year earnings cross $100 mil
The Edge Singapore - ValueMax Group has reported earnings of $54.1 million for its 2HFY2025, an increase of 14% y-o-y. This brings its earnings for the whole of FY2025 to a record $102.1 million, up 23.2% over the preceding FY2024 ended Dec 2024. Revenue in the same FY2025 was up 21.3% to $553.1 million. ValueMax attrib ...
23 hours ago
Singapore logistics body inks MOUs to tap JS-SEZ, boost sustainability and digital push
Jermaine Fok - Among the agreements are two to anchor cross-border logistics cooperation
23 hours ago
MoneyMax's 2HFY2025 earnings nearly double to $42 mil
The Edge Singapore - MoneyMax Financial Services has reported earnings of $42 million for its 2HFY2025, an increase of 94.3% y-o-y. This brings its full year earnings to $71.7 million, up 87.6% over the preceding FY2024 ended Dec 2024. The company attributes the stronger numbers to its retail and trading of gold and lux ...
23 hours ago
Gilead to buy US biotech Arcellx for up to US$7.8 billion
The US drugmaker seeks to boost its cancer drug pipeline