23 hours ago
DayOne Data Centers nears confidential filing for US IPO: sources
The Singapore-based data centre operator may submit its draft IPO as soon as this week
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 hours ago
Meta shares jump after Reuters report on plans for layoffs of 20% or more
March 16 : Meta Platforms shares rose 3 per cent on Monday following a Reuters report that the social media giant plans to lay off 20 per cent or more of its workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology.If Meta settles on the 20 per ...
24 hours ago
Crypto company Abra to go public in blank-check merger
24 hours ago
Alibaba CEO takes helm of new AI-focused business group
SHANGHAI, March 16 : Alibaba Group Chief Executive Eddie Wu will head the newly formed Alibaba Token Hub (ATH) Business Group, the firm said in a statement on Monday.The new group will comprise existing Alibaba units Tongyi Laboratory, MaaS Business Line, Qwen Business Unit, Wukong Business Unit, an ...
24 hours ago
Alibaba plans major revamp to heighten focus on AI profits
The revamp comes as Alibaba grapples with questions about its AI strategy
1 day ago
Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8%
Therese Soh - The group credits this to healthy holiday demand with the shift of the Chinese New Year period from January in 2025 to...
1 day ago
Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8% yoy
Therese Soh - The group credits this to healthy holiday demand with the shift of the Chinese New Year period from January in 2025 to...
1 day ago
European publishers, tech firms urge EU to speed up fine on Google over search
BRUSSELS, March 16 : European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant.In a letter to EU leaders, the European ...
1 day ago
Exclusive-European publishers, tech firms urge EU to speed up fine on Google over search
BRUSSELS, March 16 : European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant.In a letter to EU leaders, seen by Reute ...
1 day ago
VinFast fourth-quarter loss widens, aims to restart US plant construction
March 16 : Vietnamese electric vehicle manufacturer VinFast said on Monday its fourth-quarter net loss widened from a year earlier as it increased impairment charges related to its U.S. plant, which it aims to resume construction of this year. VinFast made a net loss of 35.2 trillion dong ($1.34 bil ...
1 day ago
EV maker VinFast reports wider quarterly net loss
March 16 : Vietnam's VinFast reported a wider fourth-quarter net loss on Monday, as the electric vehicle maker spends heavily to expand its manufacturing footprint to cater to growing demand in key Southeast Asian markets. The company reported a loss of 35.2 trillion dong ($1.34 billion) compar ...
1 day ago
Nebius signs AI infrastructure deals with Meta worth up to $27 billion over 5 years
March 16 : Amsterdam-based AI infrastructure firm Nebius Group said Monday it has signed a five-year deal with Meta Platforms to provide the social media giant with $12 billion of AI computing capacity across multiple locations by 2027.Under the deal, Meta will also buy an additional $15 billion wor ...
1 day ago
Nebius signs AI capacity deal with Meta for at least $12 billion
March 16 : Amsterdam-based Nebius Group said on Monday it has signed a new five-year deal with Meta Platforms to provide the social media giant with $12 billion of dedicated AI computing capacity across multiple locations by 2027.Under the deal, Meta will also buy an additional $15 billion worth of ...
1 day ago
Nebius signs AI capacity deal with Meta
March 16 : Nebius Group said on Monday it has signed a new five-year deal with Meta Platforms to provide the social media giant with $12 billion of dedicated AI capacity across multiple locations.The agreement has a contract value of up to $27 billion, the company said.
1 day ago
Australian tea brand T2 Tea shuts all Singapore outlets as it looks to ‘reset’ Asia retail strategy
Paige Lim - A company spokesperson says the retailer is in its ‘strongest position’ in over a decade
1 day ago
Australian tea brand T2 Tea shuts all outlets in Singapore as it looks to ‘reset’ Asia retail strategy
Paige Lim - A company spokesperson says the retailer is in its ‘strongest position’ in over a decade
1 day ago
Australian tea brand T2 Tea shuts all outlets in Singapore
Paige Lim - The retailer expanded into Asia in 2017 with the opening of its 313@Somerset outlet
1 day ago
Singapore stocks end higher on Monday as Middle East conflict enters third week; STI up 0.6%
Renald Yeo - The iEdge Singapore Next 50 Index, however, fell 0.5% to 1,436.05
1 day ago
Oil prices ease as Trump calls for help to unblock Hormuz, some ships sail through strait
NEW YORK, March 16 : Oil prices eased about 1 per cent on Monday as U.S. President Donald Trump repeated his call for help to unblock the Strait of Hormuz after some vessels sailed through it, and on talk of possible additional releases from emergency reserves as part of global efforts to reduce con ...
1 day ago
Oil prices ease as US says it is fine with some ships going through Strait of Hormuz
NEW YORK, March 16 : Oil prices eased about 1 per cent on Monday after the United States said it would be fine with some Iranian, Indian and Chinese ships moving through the Strait of Hormuz and talk of possible additional releases from emergency reserves as part of global efforts to reduce consumer ...
1 day ago
Oil falls amid attacks on Gulf export facilities
LONDON, March 16 : Oil prices fell on Monday amid attacks on Gulf oil production and U.S. President Donald Trump's call for global efforts to secure the Strait of Hormuz.Brent crude futures were down 92 cents at $102.22 a barrel by 1248 GMT while U.S. West Texas Intermediate crude was down $3.4 ...
1 day ago
Oil prices mixed amid attacks on Gulf export facilities
LONDON, March 16 : Oil prices were mixed on Monday with benchmark Brent crude slightly higher and U.S. crude prices down amid attacks on Gulf oil production and U.S. President Donald Trump's call for global efforts to secure the Strait of Hormuz.Brent crude futures were up 16 cents to $103.30 a ...
1 day ago
Oil rises as attacks on Middle East export facilities continue
LONDON, March 16 : Oil prices rose on Monday as the U.S.-Israeli war on Iran continued to disrupt oil production and shipping in the Middle East, despite U.S. President Donald Trump's call for global efforts to secure the vital Strait of Hormuz.Brent crude futures rose $2.30, or 2.2 per cent, t ...
1 day ago
Julius Baer CEO tops highest pay at UBS
[ZURICH] Julius Baer CEO Stefan Bollinger was awarded a total compensation of 23.96 million Swiss francs (S$39 million) for 2025, a sum...
1 day ago
Tng of CGSI maintains 'add' on Oiltek but lowers target price to 94 cents on lower revenue and wider share base
The Edge Singapore - Oiltek International's FY2025 earnings missed what William Tng of CGS International estimated by 21%, no thanks to unfavourable forex. Nonetheless, Tng, citing the company's "strong" orderbook of RM350 million as of Feb 23, has maintained his "add" call for this stock, ...
1 day ago
Food services workers to receive further pay increases under Progressive Wage Model
Monthly salaries will increase by S$140 every year from 2026 to 2028 for most job roles covered by the PWM, including food or drink stall assistants.
1 day ago
Base salary under food services progressive wage model to rise to S$2,220 from Jul 1
Elysia Tan - This baseline monthly gross wage requirement for workers in the sector will be raised again in 2027 and 2028
1 day ago
Russia fines Telegram app $432,366 for failing to remove banned content, Ifax reports
MOSCOW, March 16 : Russia has fined the Telegram messaging app 35 million roubles ($432,366) for failing to remove banned content, Russia's Interfax news agency reported on Monday.Authorities have repeatedly accused Telegram, one of the most popular messaging apps in Russia, of allowing itself ...
1 day ago
China’s No 2 chipmaker readies 7 nm production as Beijing ramps up self-suffiency drive
The development comes after Washington eased some of its tech export controls since last year
1 day ago
Analysts back Malaysia’s Sunway bid for IJM, even as adviser says reject
Tan Ai Leng - The independent adviser values IJM at RM5.48 to RM6.48 a share, above Sunway’s RM3.15 offer
1 day ago
Analysts in favour of IJM investors accepting Sunway’s offer, even as adviser says reject
Tan Ai Leng - The independent adviser values IJM at RM5.48 to RM6.48 a share, above Sunway’s RM3.15 offer
1 day ago
Bain and IBM to offer post-quantum cryptography assessments to private equity and corporate clients
Nurdianah Md Nur - Bain & Company will be working with IBM to help private equity firms and corporate clients assess the risks posed by post-quantum cryptography (PQC) and develop strategies to mitigate them. The collaboration combines IBM Consulting’s quantum-safe transformation services with Bain’s expertise ...
1 day ago
Italy’s UniCredit makes takeover bid for Germany’s Commerzbank
It’s offering 0.485 of its own shares for each Commerzbank share
1 day ago
PhillipCapital's Chew raises target price for Geo Energy to 75 cents
The Edge Singapore - Despite FY2025 earnings below expectations, Paul Chew of PhillipCapital has turned more bullish on Geo Energy Resources, due the impending "trifecta" earnings boost ahead from rising coal prices, growing production volume, and also additional earnings from its infrastructure investments. F ...