20 hours ago
Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push
Surging spending on AI is leading tech giants to court investors beyond the US
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
20 hours ago
Global central banks’ use of renminbi swap lines hits 2‑year high amid rising demand for China’s currency
The latest increase highlights China’s drive for renminbi internationalisation
20 hours ago
Global central banks’ use of reminbi swap lines hits 2‑year high amid rising demand for China’s currency
The latest increase highlights China’s drive for yuan internationalisation
20 hours ago
Global central banks tap most yuan swap lines with China in two years
The latest increase highlights China’s drive for yuan internationalisation
20 hours ago
Ford’s landmark deal with China EV battery maker CATL shows way for Trump, Xi to deepen ties
The two leaders have much else to discuss, from tariff rates to America’s attack on Iran and the energy crisis it’s caused
20 hours ago
Ford’s landmark CATL deal shows way for Trump, Xi to deepen ties
Salamat Sanwan - The two leaders have much else to discuss, from tariff rates to America’s attack on Iran and the energy crisis it’s caused
21 hours ago
OpenAI, Microsoft agree to cap revenue-sharing at $38 billion, The Information reports
May 11 : OpenAI and Microsoft agreed to cap total revenue-sharing payments at $38 billion, U.S. digital news outlet The Information reported on Monday, citing a person with knowledge of the arrangement.The development comes as OpenAI and Microsoft renegotiated a contract last month, making room for ...
21 hours ago
OpenAI to cap Microsoft revenue-sharing at $38 billion, The Information reports
May 11 : OpenAI's revenue-sharing payments to Microsoft are now capped at $38 billion, The Information reported on Monday, citing a person with knowledge of the arrangement. Reuters could not immediately verify the report.
21 hours ago
SIA Engineering closes 3.1% higher on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
21 hours ago
SIA Engineering up over 4% on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
21 hours ago
SIA Engineering up 4.4% on improved H2 earnings, higher dividend
Therese Soh - Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
21 hours ago
UBS courts Asia’s heirs as trillion‑dollar wealth transfer accelerates
Belle Neo - UBS's newly launched Global Next Gen Report demonstrates the bank's strategic engagement with the next generation of ultra-wealthy clients, just as it expects around US$83 trillion ($105.4 trillion) to change hands over the next two to three decades. The UBS Next Gen Report – based on a ...
21 hours ago
Asia’s wealthy families shed taboo on succession planning as US$83 trillion changes hands: UBS
Jean Low - The inheriting generation is reshaping how family wealth is managed and who they trust to manage it
21 hours ago
Gold steady as markets assess Middle East tensions ahead of US inflation data
Markets are also watching Trump’s two-day visit to China this week
21 hours ago
Gold steady as traders track Strait of Hormuz stalemate, inflation risks
The deadlock in the strait has sent oil prices higher
22 hours ago
Japan, US affirm close cooperation on currency moves
TOKYO, May 12 : Japan and the U.S. reaffirmed their close cooperation on currency moves, Japanese Finance Minister Satsuki Katayama told reporters after a meeting with her U.S. counterpart, Scott Bessent, on Tuesday."We discussed market developments, including exchange-rate moves," Katayam ...
22 hours ago
Bessent hails Japan's economic resilience in meeting with Japan finance minister
TOKYO, May 12 : U.S. Treasury Secretary Scott Bessent on Tuesday praised Japan's economic resilience in the face of headwinds from the Middle East conflict."I wanted to congratulate you on the resiliency of the Japanese economy given what's happening in the Middle East," Bessent ...
22 hours ago
Stocks to watch: OCBC, OUE, SIA Engineering Company, OUE Reit
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 12):
22 hours ago
OUE unit issuing S$150 million 3.25% green notes due in 2033
Therese Soh - Issuance net proceeds will go towards financing or refinancing new or existing eligible green projects
22 hours ago
Elon Musk, Apple’s Tim Cook expected to join Trump for Xi summit in China
Major business deals or purchases are often announced during summit meetings between China and the United States
22 hours ago
BOJ debated near‑term rate hike at April meeting, opening door to June move
TOKYO, May 12 : Some Bank of Japan policymakers argued in April for raising rates soon, with one flagging the chance of a June move, highlighting a growing hawkish shift on the board as an oil shock from the Iran war raised pressure for near-term tightening.The benchmark 10-year Japanese government ...
22 hours ago
Some in BOJ saw need to raise rates soon, April meeting summary shows
TOKYO, May 12 : Some Bank of Japan policymakers in April saw the need to raise interest rates soon, with one signalling the chance of accelerating the pace of hikes if inflationary risks heightened, a summary of opinions at last month's meeting showed on Tuesday."It is quite possible the B ...
23 hours ago
Japan March household spending falls 2.9% year/year
TOKYO, May 12 : Japanese household spending fell more than expected in March from a year earlier, government data showed on Tuesday, extending declines to a fourth straight month. • Consumer spending fell 2.9 per cent year-on-year, internal affairs ministry data showed, compared with the median ma ...
23 hours ago
China investors bet Xi-Trump meet to extend trade-detente rally
Markets do remain vulnerable to any negative surprises, with a setback in talks likely to reverse sentiment and erode recent gains
23 hours ago
Developer of education tool Canvas issues apology after hack
WASHINGTON, May 11 : The developer of Canvas, widely used by U.S. institutions for grades and class materials, issued an apology after a hack that blocked students from accessing the education tool and involved student data being stolen by a cybercriminal hacking group."I'll start where ...
23 hours ago
Grab seeks AI edge in product development using agentic engineering, vibe coding
Benjamin Cher - Company aims to become a ‘cyborganisation’, where humans and artificial intelligence agents work together
23 hours ago
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Jude Chan - The lender’s new wealth management committee could hold the key to a successful execution of its ‘Next Frontier’ pivot
23 hours ago
Oil prices settle higher after Trump says Iran ceasefire ‘on life support’
He dismissed Teheran’s response to a US peace proposal as ‘stupid’
24 hours ago
General Motors to cut hundreds of white collar workers in IT overhaul
The automaker has also made broad cutbacks in its electric vehicle operations in response to a slowdown in demand
1 day ago
Wall Street inches to higher close, AI fervour edges out Iran impasse
Some market watchers believe the rally is about to run out of momentum
1 day ago
European shares muted as markets weigh US-Iran deadlock
The war has shuttered the Strait of Hormuz with soaring oil prices adding to concerns over the conflict’s impact on inflation and...
1 day ago
Ex-OpenAI exec Sutskever says he spent a year gathering proof of alleged Altman dishonesty
May 11 : Former OpenAI chief scientist Ilya Sutskever testified on Monday that he spent about a year gathering evidence for the ChatGPT maker's board that CEO Sam Altman had displayed a "consistent pattern of lying."During his testimony in a legal fight between OpenAI and Elon Musk, t ...
1 day ago
Former OpenAI executive Sutskever discloses nearly $7 billion stake in AI firm
May 11 : Former OpenAI Chief Scientist Ilya Sutskever said on Monday his ownership stake in the artificial intelligence startup is worth about $7 billion, as he testified in a legal fight between Elon Musk and OpenAI.• The trial could determine the future of OpenAI, which spearheaded widespread us ...
1 day ago
Microsoft, Google, xAI security test details deleted from US government website
WASHINGTON, May 11 : The U.S. Commerce Department removed details from its website about its agreement with Google, xAI and Microsoft to test their artificial intelligence models for security vulnerabilities, according to a Reuters review of the agency's site.The link that previously led to the ...