3 days ago
The AI talent war in Asia: Who’s winning, who’s losing, and why
Seek’s Peter Bithos explains why many tech layoffs today are more ‘performative’ than productivity-driven
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Manufacturing capital gains is not genius — it is evidence
Tong Kooi Ong + Asia Analytica - Start with something small. A thinly traded company. Limited float. Minimal scrutiny. Control the supply — directly or indirectly. Then manufacture demand. Shares move, but not really. The same pool of capital rotates — accounts linked, trades pre-arranged, volumes engineered. Prices respond, as ...
3 days ago
Profit without purpose, purpose without profit
Tong Kooi Ong + Asia Analytica - There is an uncomfortable question modern economies prefer not to ask: who should run society’s most essential services? We know governments often struggle with efficiency — slow, politicised, constrained. We also know profit-driven firms, while efficient, are not neutral — they optimise profi ...
3 days ago
Wealth ambitions, AI threats and war risks: 4 takeaways from Singapore banks’ Q1 results
Renald Yeo - The Big Three banks DBS, OCBC and UOB all post earnings that beat street expectations
3 days ago
IMF board approves $1.22 billion disbursement to Pakistan
May 8 : The International Monetary Fund executive board on Friday reached a staff-level agreement on Pakistan's loan program, unlocking $1.22 billion in fresh funding, the fund said.The decision allows for an immediate disbursement of around $1.1 billion under the Extended Fund Facility and aro ...
3 days ago
US judge will not rubber-stamp Elon Musk settlement with SEC
May 8 : A federal judge on Friday declined to quickly approve the U.S. Securities and Exchange Commission's $1.5 million settlement with Elon Musk over his purchase of Twitter, saying she wants more information about whether the accord is fair and how it was reached.The settlement would resolve ...
3 days ago
Honeywell's Quantinuum moves closer to public markets with US IPO filing
May 8 : Industrial giant Honeywell's Quantinuum publicly filed its paperwork for a U.S. initial public offering on Friday, moving the quantum computing company closer to a stock market listing.The IPO market has made a comeback in recent weeks after a brief lull in March as pent-up demand for n ...
3 days ago
Honeywell's Quantinuum makes US IPO filing public
May 8 : Industrial giant Honeywell's quantum computing company, Quantinuum, on Friday made public its paperwork for an initial public offering in the United States.The Broomfield, Colorado-based company plans to sell new shares in the offering.J.P. Morgan and Morgan Stanley are the joint lead a ...
3 days ago
Anthropic signs $1.8 billion AI cloud deal with Akamai, Bloomberg News reports
May 8 : Artificial intelligence startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to meet surging demand for its AI software, Bloomberg News reported on Friday, citing people familiar with the matter.• Akamai shares rose 25 per cent on Thursday after the company h ...
3 days ago
David Attenborough turns 100, 'overwhelmed' by birthday wishes
LONDON, May 8 : David Attenborough said he had been "completely overwhelmed" by birthday greetings as he turned 100 on Friday in a worldwide outpouring of affection for the British wildlife broadcaster after decades of trailblazing work.After more than 70 years of film-making, Attenborough ...
3 days ago
Apple, Intel reach preliminary chip-making deal, WSJ reports
May 8 : Intel has reached a preliminary deal to make some chips for Apple devices, the Wall Street Journal reported on Friday, in a potential boost to Intel's contract manufacturing business and Washington's push to shore up U.S. chip production.The companies were engaged in intensive talk ...
3 days ago
Apple, Intel have reached preliminary chip-making deal, WSJ reports
May 8 : Apple and Intel have reached a preliminary agreement for Intel to manufacture some of the chips that power the iPhone maker's devices, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intensive talks between the two companies have been underway for mor ...
3 days ago
Riverstone Holdings reports lower earnings of RM41.1 mil for 1QFY2026, down 27.1% y-o-y
Teo Zheng Long - Riverstone Holdings (SGX: AP4 ) has reported a net profit to equity holders of RM41.1 million for 1QFY2026, ended March 31, 2026, down 27.1% y-o-y. According to Riverstone, 1QFY2026 was a challenging quarter as the strengthening of the Malaysian Ringgit against the US dollar weigh on its revenue. De ...
3 days ago
Schools reach out to Canvas hackers as breach hits US classrooms, source says
May 8 : Some schools and universities whose students' data was stolen by a cybercriminal hacking group as part of an April breach of the educational tool Canvas individually sought to deal directly with the hackers to prevent data release, a source familiar with the matter told Reuters on Frida ...
3 days ago
Jumbo Group reports lower earnings of $6.2 mil for 1HFY2026, down 22.3% y-o-y
Teo Zheng Long - Jumbo Group (SGX: 42R ) has reported lower earnings of $6.2 million in 1HFY2026, ended March 31, down 22.3% y-o-y. Revenue increased 7.9% y-o-y to $105.1 million in the period, driven by higher revenue contribution from its Singapore operations. Revenue from the Singapore operations was up by 9.9% y ...
3 days ago
Dasmond Koh’s NoonTalk Media narrows Q3 loss by 41.9% to S$0.4 million
Young Zhan Heng - Revenue is down 3.3% year on year at S$683,895
3 days ago
US stocks: S&P 500, Nasdaq hit fresh peaks as tech stocks, jobs data lift sentiment
THE S&P 500 and the Nasdaq reached record highs on Friday, driven by gains in Nvidia and other technology stocks, while a...
3 days ago
Freeport Indonesia adjusts Grasberg production recovery, full resumption delayed until 2028
JAKARTA, May 8 : Freeport Indonesia has adjusted the "production recovery" schedule at its Grasberg Block Cave (GBC) underground copper mine, a company spokesperson told Reuters on Friday, with the mine now set to resume full operations in 2028. "Adjustment to the GBC production recov ...
3 days ago
BRC Asia reports record half year revenue of $931 mil in 1HFY2026, net profit up 24% y-o-y to $52 mil
Teo Zheng Long - BRC Asia (SGX: BEC ) has reported a net profit after tax of $52.0 million for 1HFY2026 ended March 31, an increase of 24% y-o-y. Revenue grew 30% y-o-y and stood at a record of $931.0 million on a half year basis during the period. However, the growth was partially offset by lower steel prices, in l ...
3 days ago
Porsche shutters three units as new CEO makes first job cuts
PORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to...
3 days ago
IMDA to upskill 40,000 tech professionals over three years amid AI disruption
Chloe Lim - It will co-chair a work group with Workforce Singapore to ensure programmes are relevant and responsive
3 days ago
Board diversity is good, but inclusion is important too: study of SGX listcos
Ranamita Chakraborty - Share of directors of locally listed firms who believe different perspectives will boost company performance is lower than global level
3 days ago
Frasers eyes residential project on Yishun 10 cinema complex site; redevelopment proposal submitted
Ry-Anne Lim - The proposal calls for rezoning of use from commercial to residential, with commercial space on the first floor
3 days ago
Amazon's Chile data center moves ahead after residents lose environmental challenge
SANTIAGO, May 8 : Patricio Hernandez lives on the northern outskirts of Chile's capital Santiago, a hilly area below the Andes mountains which he and other residents fear could be devastated by a major Amazon data center complex."This hill is very important to the community; it is a green ...
3 days ago
OCBC’s hidden treasure
Goola Warden - Treasury actually. Can OCBC’s Treasury & Markets be scaled to deliver consistent double-digit growth in total income and further boost total shareholder returns? OCBC’s relatively new group CEO Tan Teck Long’s dividend policy is to maintain a 50% payout ratio as analysts clamour for more s ...
3 days ago
Asean leaders seek coordinated strategy to ensure region’s food, energy security
Establishing a harmonised approach remains a big challenge for the region
3 days ago
Asean leaders call for coordinated strategy to ensure region’s food, energy security
Establishing a harmonised approach remains a big challenge for the region
3 days ago
Global equity funds draw inflows for the seventh week on earnings optimism
May 8 : Global equity funds attracted inflows for a seventh straight week in the period through May 6, supported by upbeat first quarter earnings and hopes for a U.S.-Iran peace agreement. Investors bought a net $4.35 billion of global equity funds during the week, though this was the smallest weekl ...
3 days ago
Upcoming EC projects that are exempt from new rules get a ‘bonus’, as buyers steer towards them: analysts
Chong Xin Wei - Scrapping of deferred payments could be a major blow to sales on sites sold in the future
3 days ago
Cloudflare's slowing growth disappoints investors betting on AI boost
May 8 : Cloudflare shares tumbled more than 15 per cent in premarket trading on Friday, after its quarterly revenue forecast disappointed investors who had bet the stock would be a major beneficiary in the race to adopt artificial intelligence.The networking and cybersecurity services provider will ...
3 days ago
European shares slide as Middle East tensions flare
EUROPEAN shares fell on Friday in broad-based losses, as an escalation in the US-Iran conflict lifted oil prices and dampened hopes that a...
3 days ago
Google has bit more time to address concerns in EU investigation, EU Commission says
BRUSSELS, May 8 : EU regulators are giving Alphabet's Google a little bit more time to sooth their concerns after a previous proposal from the company fell short, the European Commission said on Friday."Google is engaging with the Commission to defend itself and in other in order to offer ...
3 days ago
ECB is studying defences against Mythos-powered attacks, Lagarde says
[FRANKFURT] The European Central Bank is studying defences against cyberattacks powered by artificial intelligence model Mythos but, like the rest of Europe, it is...
3 days ago
Asian Development Bank to mobilise $30 billion to help ASEAN countries withstand external shocks
CEBU, Philippines, May 8 : The Asian Development Bank said on Friday it will mobilise $30 billion to ASEAN countries to advance their economic priorities and help them withstand external shocks."As the region's main bank, ADB is channeling financing, expertise, and a $30 billion pipeline o ...