16 hours ago
Wall Street indexes end slightly higher as investors focus on Middle East peace hopes
The S&P 500 posted 11 new 52-week highs and four new lows while the Nasdaq Composite recorded 96 new highs and 108...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
Commentary: The football world will watch EPL’s streaming service debut in Singapore
Singapore is prime testing ground for the English Premier League’s new streaming platform, says football writer John Duerden.
16 hours ago
European equities end flat as investors await Middle East peace updates
Despite a recovery from lows hit during the conflict, European equities have struggled to bounce back to pre-war levels
16 hours ago
Zoom raises annual forecasts, banks on AI features to drive demand
May 21 : Zoom Communications raised its annual revenue and profit forecasts on Thursday, betting on strong demand for its AI features as the video conferencing platform looks to shore up enterprise and consumer spending.Shares of the company were up more than 7 per cent in extended trading.Zoom has ...
17 hours ago
Cox Media fined for claiming it used AI to track consumer conversations
May 21 : The U.S. Federal Trade Commission fined Cox Media Group and two other companies for falsely claiming they could use AI to target ads based on conversations consumers had near their smart devices, the agency said on Thursday.Here are some details:• The company falsely told potential advert ...
17 hours ago
Meta settles first US case over school costs tied to youth mental health, court filing shows
May 21 : Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms.The agreement fully resolves a lawsuit brought by Breathitt Coun ...
18 hours ago
Oil prices close 2% lower on uncertain prospects for US-Iran deal
NEW YORK, May 21 : Oil prices were volatile on Thursday, ultimately settling about 2 per cent lower as uncertainty over prospects for resolving the U.S.-Israeli conflict with Iran weighed on the market.Brent crude futures settled at $102.58 a barrel, down $2.44, or 2.3 per cent on Thursday, while U. ...
18 hours ago
Spotify cranks up AI push with Universal Music deal, lays out bold growth targets
May 21 : Spotify on Thursday laid out an ambitious roadmap to drive growth and profitability through the end of the decade, doubling down with AI-powered features to boost user engagement and partnering with Universal Music, sending shares up 13 per cent.The Swedish audio-streaming giant unveiled a ...
19 hours ago
Google, Meta, TikTok hit by EU consumer complaints about handling of financial scams
BRUSSELS, May 21 : Alphabet's Google, Meta Platforms and TikTok were hit with complaints from European Union consumer groups on Thursday for allegedly failing to protect users from financial scams on their platforms, putting them at risk of regulatory fines.The move highlights growing pressure ...
20 hours ago
Analysis:SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision
May 21 : Investors buying into SpaceX's nearly $2 trillion IPO are making a high-stakes wager that CEO Elon Musk can turn a fast-growing satellite business into something far bigger, using an unproven rocket to unlock an ambitious push into AI.Musk has grown SpaceX into the world's largest ...
21 hours ago
Exclusive-Modal Labs valued at $4.65 billion as AI coding takes off
SAN FRANCISCO, May 21 : AI startup Modal raised $355 million in a new round of financing, valuing the company at $4.65 billion, CEO Erik Bernhardsson told Reuters.AI startups have been whipped by two shifts this year: the surge in AI coding and the increasing scarcity of computing power. Modal Labs ...
23 hours ago
Singamas says company, Teo Siong Seng have not been served with any legal process by DOJ
Tay Peck Gek - PIL declines comment on its unit Singamas’ legal matters; Singamas shares fall 13.6% on news of alleged price collusion
23 hours ago
Teo Siong Seng price-fixing allegation: PIL declines comment on Singamas’ legal matters
Tay Peck Gek - Singamas Container Holdings’ share price falls 13.6% on news of a collusion among execs of 4 key container makers
23 hours ago
Microsoft and EY to spend US$1 billion to help clients adopt AI
TECHNOLOGY giant Microsoft and consulting firm EY are partnering to spend more than US$1 billion to encourage their clients to launch major...
23 hours ago
Grab hitches a ride on the AI wave as CEO Anthony Tan steers company into next phase of growth
Lionel Lim - The South-east Asian superapp has long invested in technology, believing it to be essential for growth
23 hours ago
How Sats CEO Kerry Mok turned the group’s lowest ebb into sky-high results on a global stage
Derryn Wong - He explains why good leaders need to own everything, recruit people smarter than them and ‘over-communicate’
23 hours ago
From China to the world – How Jane Sun leans on her global experience to drive Trip.com’s growth, culture
Elysia Tan - As the travel group advances, the CEO spotlights women and tech
23 hours ago
Grab group CEO Anthony Tan takes top prize at 41st Singapore Business Awards
Elysia Tan - Other winners at the annual event include Sats’ Kerry Mok and Trip.com’s Jane Sun
23 hours ago
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
Dylan Tan - Four decades after a risky 1986 corporate exit, the executive chairman reflects on OCK’s journey and attributes the enterprise’s success to professional...
23 hours ago
JP Morgan retains overweight recommendation for MLT with a lower price target
The Edge Singapore - In a report dated May 21, JP Morgan maintained an overweight rating for Mapletree Logistics Trust (MLT) but revised its price target down by 10 cents to $1.40 by end-June 2027. The analysts Mervin Song and Terence Khi believe that the worst is over for the time being, and its distributions per unit ...
24 hours ago
Wall St opens lower as oil jumps on renewed Mideast concerns
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (May 21) as oil prices surged following a Reuters report that Iran’s...
1 day ago
Paris appeals court finds Airbus, Air France guilty of corporate manslaughter over 2009 crash
[PARIS] A Paris appeals court on Thursday found Airbus and Air France guilty of corporate manslaughter over the 2009 Rio-Paris plane crash that killed...
1 day ago
Core strengths, new capabilities and more connectivity key to Singapore’s future: Chan Chun Sing
Elysia Tan - Beyond current issues, we must also ‘scan the horizon’ to be prepared for the future, says the minister
1 day ago
China’s first humanoid robot incubator has its eyes set on South-east Asia – starting with a Singapore office
Tan Weizhen - It hopes to connect Chinese manufacturers with the city-state’s various application scenarios
1 day ago
JustCo’s IPO 3.4 times subscribed at 94 cents per share
Gerine Tang Yi Qian - The initial public offering (IPO) of Singapore-grown flexible workspace operator JustCo, comprising approximately 32.09 million shares priced at 94 cents each, was 3.4 times subscribed. Together with $69.8 million in secured cornerstone commitments, the offering raised about $100 million. The IPO co ...
1 day ago
JP Morgan upgrades Keppel after failed M1 sale
The Edge Singapore - JP Morgan has just upgraded Keppel to overweight from neutral on May 21. JP Morgan had kept its neutral rating as recently as April 23, following Keppel’s 1Q2026 results. In August last year, Keppel announced the proposed sale of M1 to Simba for $1 billion in cash. However on May 18 the IMDA annou ...
1 day ago
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Kalpana Rashiwala - CK Tang family’s Victoria Park Close mansion sells for S$63 million
1 day ago
US to invest in quantum computing firms in exchange for stakes
THE Trump administration is awarding grants to a handful of companies, including IBM, that are focused on quantum computing in exchange for...
1 day ago
Sri Trang Gloves Q1 profit falls 9.5% to 384.1 million baht
Evan See - Revenue is down 16.2% at 5.49 billion baht, from 6.55 billion baht a year earlier
1 day ago
Asean may be forced to choose between economic growth and climate if both are not decoupled: Ravi Menon
Janice Lim - Singapore will work on carbon markets, nature-based resilience, climate resilience as the bloc’s chair in 2027
1 day ago
Nio Q1 net loss narrows to 332.1 million yuan as revenue doubles
Evan See - The EV maker’s loss per share of 0.2 yuan compares with 0.29 yuan a year earlier
1 day ago
Oil hits session high on report Iran wants to keep its uranium
The Strait of Hormuz closure was the market’s most severe supply disruption on record
1 day ago
Bukit Sembawang posts FY2026 earnings of $128.6 mil, 13% higher y-o-y; declares total dividend of 22 cents
Teo Zheng Long - Bukit Sembawang (SGX: B61 ) has posted earnings of $128.6 million for the FY2026 ended March 31, 13% higher y-o-y. Despite the higher bottom line, revenue declined 37% y-o-y to $345.6 million in FY2026. The lower revenue was attributed to a drop in revenue contribution from its property development ...
1 day ago
Aims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million
Evan See - It has also clinched a A$115 million syndicated loan with a green tranche of A$50 million