18 hours ago
US urges partners and allies to increase critical minerals supply chain resiliency
[WASHINGTON] US Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different US partners and allies “to discuss solutions...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
18 hours ago
Airbus keeps No.1 planemaker spot but raises new concern on engine supplies
Boeing will issue its own full-year data on Tuesday
18 hours ago
Citi to cut about 1,000 jobs this week
The company also plans to report full-year results on Wednesday
18 hours ago
Trump vows 25% tariff on goods from Iran ‘business’ partners
The country has experienced weeks of mass unrest
18 hours ago
Fitch Ratings says Fed independence is key factor for US sovereign rating
[NEW YORK] Fitch Ratings said on Monday it views the Federal Reserve’s independence as a key supporting factor for its AA+ US...
18 hours ago
Supertankers sailing to pick up Venezuelan oil for China make U-turns, ship data shows
[HOUSTON] Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes made U-turns and were headed back to...
18 hours ago
Trump administration probe of Fed’s Powell sparks pushback
Former Fed chairs joined former government economic policy leaders from both political parties in raising the alarm
18 hours ago
Powell probe stirs GOP concern, threat to stop Trump nominee
The US president has for months pressured the Federal Reserve to quickly and deeply cut interest rates
19 hours ago
Oil prices settle at 7-week high on worries about Iran exports
[NEW YORK] Oil prices climbed and settled at seven-week highs on Monday on worries that Iran’s exports could decline as the sanctioned Opec...
19 hours ago
Meta plans to cut 10% of jobs at company’s Reality Labs division
The division has roughly 15,000 employees
19 hours ago
European shares end choppy session at record high
EUROPEAN shares ended Monday’s session at a record high, although gains were small as the US government’s threat to indict Federal Reserve...
19 hours ago
US stocks: Wall Street indexes finish higher with tech, Walmart
[NEW YORK] The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining...
19 hours ago
Brazil's antitrust body opens investigation into WhatsApp business tool
SAO PAULO, Jan 12 : Brazilian antitrust body CADE said on Monday it had opened an investigation into the new terms of Meta's WhatsApp Business tool, adding it would also suspend the tool's new terms in Brazil while it evaluates the case.In a statement, CADE said that there are potential an ...
19 hours ago
Meta plans to cut around 10% of employees in Reality Labs division, NYT reports
Jan 12 : Meta plans to cut around 10 per cent of the employees in its Reality Labs division who work on products including the metaverse, the New York Times reported on Monday, citing three people with knowledge of the discussions.The cuts to Reality Labs, which has roughly 15,000 employees, could b ...
19 hours ago
Meta plans to cut around 10% of employees in Reality Labs division: Report
Meta plans to cut around 10 per cent of the employees in its Reality Labs division who work on products including the metaverse, the New York Times reported on Monday (Jan 12), citing three people with knowledge of the discussions.The cuts to Reality Labs, which has roughly 15,000 employees, could b ...
22 hours ago
Meta unveils 'Meta Compute' initiative to build AI infrastructure
Jan 12 : Meta has announced its "Meta Compute" initiative to build artificial intelligence infrastructure and oversee the social media company's global fleet of data centers and supplier partnerships in its pursuit of superintelligence.CEO Mark Zuckerberg said on Monday that the new i ...
22 hours ago
Meta to establish 'Meta Compute' initiative to build gigawatt-scale capacity
Jan 12 : Meta will establish Meta Compute to construct tens of gigawatts of computing infrastructure this decade and hundreds of gigawatts more in the future, CEO Mark Zuckerberg said on Monday.The Meta Compute effort will be spearheaded by Santosh Janardhan, Meta's head of global infrastructur ...
23 hours ago
Astronomers spot white dwarf star creating a colorful shockwave
WASHINGTON, Jan 12 : Astronomers have observed a white dwarf - a highly compact Earth-sized stellar ember - that is creating a colorful shockwave as it moves through space, leaving them searching for an explanation.The highly magnetized white dwarf is gravitationally bound to another star in what is ...
23 hours ago
US-Taiwan near trade deal to lower tariff, boost TSMC facilities, NYT reports
WASHINGTON, Jan 12 : The Trump administration is nearing a trade deal with Taiwan to reduce its tariff rate to 15 per cent and commit Taiwan Semiconductor Manufacturing Corporation to building at least five more facilities in Arizona, the New York Times reported on Monday, citing three people famili ...
1 day ago
12 strata retail units at Bukit Timah Shopping Centre up for sale at $40 mil
Jovi Ho - A portfolio of 12 strata retail units within Bukit Timah Shopping Centre is up for sale at a combined indicative price of $40 million, according to Colliers, the exclusive marketing agent for the transaction. The portfolio has been divided into four clusters, each comprising two to six strata units, ...
1 day ago
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
The latest funding takes the total investment in the company to US$3 billion
1 day ago
Alphabet hits $4 trillion valuation as AI refocus lifts sentiment
Jan 12 : Alphabet hit a $4 trillion market valuation on Monday, as the Google parent's sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race.The tech giant on Wednesday surpassed Apple in market capitalization for t ...
1 day ago
Meta to exclude Italy from rival chatbot ban on WhatsApp
BRUSSELS, Jan 12 : Meta Platforms will exclude Italy from its ban on rival AI chatbots on WhatsApp following an order from the country's antitrust authority, according to a notice sent to AI providers and developers seen by Reuters.The Italian watchdog AGCM last month ordered Meta to suspend it ...
1 day ago
Morocco targets $10 billion AI contribution to GDP by 2030
RABAT, Jan 12 : Morocco is targeting a 100 billion dirhams ($10 billion) boost to its gross domestic product from artificial intelligence by 2030, the minister in charge of digital transition said on Monday, as the country steps up its investment in training programmes, sovereign data centres and cl ...
1 day ago
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer
1 day ago
Wall Street falls at open on worries over Fed autonomy
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal...
1 day ago
How Trump’s proposed cap on credit card rates could reshape consumer lending
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes
1 day ago
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice-chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts
1 day ago
Former Trump adviser Dina Powell McCormick named Meta's president
Jan 12 : Meta Platforms on Monday named former Trump administration official Dina Powell McCormick as its president and vice chairman, boosting the company's lobbying efforts in the U.S. capital.President Donald Trump congratulated Powell McCormick in a post on his Truth Social account minutes ...
1 day ago
Meta appoints former Trump adviser Dina Powell McCormick as president
Jan 12 : Meta Platforms on Monday named Dina Powell McCormick, a former senior official in U.S. President Donald Trump’s first administration, as its president and vice chairman.Powell McCormick, who spent 16 years in senior leadership roles at Goldman Sachs, served as deputy national security adv ...
1 day ago
Former Trump adviser Dina Powell McCormick joins Meta as president and vice chairman
Jan 12 : Meta Platforms on Monday named Dina Powell McCormick as its president and vice chairman, weeks after the former top adviser to U.S. President Donald Trump resigned from the social media company's board.Powell McCormick, who spent 16 years in senior leadership roles at Goldman Sachs, ha ...
1 day ago
StanChart is preparing crypto expansion with prime brokerage
It will house the new business within its wholly owned venture capital unit, SC Ventures
1 day ago
EU sets out firm conditions for China EVs to avoid tariffs
BRUSSELS: The European Commission set out the conditions on Monday (Jan 12) under which China-based electric vehicle makers can replace EU tariffs with commitments to sell at minimum prices and said it would take into account Chinese EV investments in the bloc.For Beijing, the tariffs
1 day ago
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs