17 hours ago
US Fed minutes show officials saw two-sided risks from Iran war
Several policymakers have since signalled a desire to hold rates steady as they gauge the war’s fallout
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
17 hours ago
US set to ease power limits on space-based broadband
WASHINGTON, April 8 : The Federal Communications Commission is set to approve rule revisions this month to ease power limits on satellite spectrum use, giving a major boost to space-based broadband services such as SpaceX's Starlink. The FCC said on Wednesday it would vote on April 30 on a meas ...
17 hours ago
European stocks logs best day in a year as Iran truce fuels relief rally
EUROPEAN shares jumped more than 3 per cent on Wednesday after US President Donald Trump agreed to a two-week ceasefire with Iran,...
17 hours ago
US stocks: Wall Street ends sharply higher on US-Iran ceasefire
[NEW YORK] US stocks closed sharply higher on Wednesday after a last-minute, two-week ceasefire agreement between the United States and Iran lifted investor sentiment.
19 hours ago
Applied Digital's quarterly net loss widens on rising costs, one-time charge
April 8 : Applied Digital's third-quarter net loss widened from last year due to rising expenses and a charge tied to its cloud business, overshadowing the company's revenue beat on the back of strong demand for its data center services.Shares of the company fell 3 per cent in extended tra ...
19 hours ago
Applied Digital beats quarterly revenue estimates as AI infrastructure demand soars
April 8 : Applied Digital on Wednesday beat estimates for quarterly revenue, driven by strong demand for its data center services from enterprises to support a boom in generative AI applications.Shares of the Dallas, Texas-based data center operator rose about 2 per cent in extended trading. The sto ...
19 hours ago
Applied Digital beats quarterly revenue estimates on surging AI infrastructure demand
April 8 : Applied Digital on Wednesday beat estimates for quarterly revenue, driven by strong demand for its data center services from enterprises to support a boom in generative AI applications.Big tech and AI companies are racing to lock in power and data center capacity, signing long-term deals w ...
23 hours ago
Citigroup says AI helps speed account openings and systems upgrades
NEW YORK, April 8 : Citigroup is using artificial intelligence to speed up account openings and the retirement of old software, the U.S. bank's head of technology, Tim Ryan, said, as the firm pushes to improve productivity. U.S. banks are embracing AI, the biggest technological upheaval to the ...
23 hours ago
Innotek seeks to raise up to $16 mil by placing out new shares at 65.06 cents; CEO undertakes vendor share sale
Teo Zheng Long - Innotek (SGX: M14 ) plans to raise up to $16 million by placing out up to 24.6 million new shares at 65.06 cents each. The placement price represents a discount of approximately 9.5% to the volume weighted average price of 71.89 cents, based on the last full market day of April 2. The placement shar ...
23 hours ago
Meta unveils first AI model from costly superintelligence team
April 8 : Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.U.S. tech giants are under pressure to prove their massive AI outlays will pay off. The stakes are especially high for M ...
23 hours ago
Seatrium sets up S$3 billion multicurrency debt issuance programme
Chong Xin Wei - The net proceeds will be used to refinance existing borrowings and fund potential acquisitions, among other things
24 hours ago
Developing countries in Europe, Central Asia face slowdown, World Bank says
Growth across the region is expected to slow to 2.1% in 2026, from 2.6% in 2025
24 hours ago
Traders place large $950 million bet on oil price falling hours ahead of ceasefire
LONDON, April 8 : Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a ceasefire, the latest large wager on the direction of the world's most traded commodity ahead of a major policy announcement by President Donald Trump.On Tu ...
1 day ago
Chinese electric truck maker Windrose makes first US delivery
BEIJING, April 8 : Chinese electric truck startup Windrose said it had made the first delivery of its long‑haul electric heavy truck in the United States, marking a key step in its global expansion.The vehicle, priced at $285,000, was handed over to Texas logistics firm Allogic and charging partne ...
1 day ago
Wall Street opens higher after US-Iran ceasefire
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 8) after the US and Iran agreed to a two-week ceasefire,...
1 day ago
Thakral raises $4.26 mil via sale of treasury shares at $1.80 each to ICH Synergrowth Fund and Lion Global Investors
Teo Zheng Long - Thakral (SGX: AWI ) has raised $4.26 million through the sale of 2,367,500 treasury shares at a price of $1.80, which represents a 1.89% shareholding in the company. ICH Synergrowth Fund has acquired 1,267,500 shares while the remaining 1.1 million shares were acquired by Lion Global Investors. Thak ...
1 day ago
iX Biopharma's executive chairman injects $600,000 into company via exercise of warrants
Teo Zheng Long - iX Biopharma (SGX: 42C ) announced that it has allotted and issued 10 million new ordinary shares at a price of six cents per warrant share as part of its exercise of warrants. Following the exercise, the number of issued shares in iX Biopharma increased from 1,038,324,529 shares to 1,048,324,529 sh ...
1 day ago
iX Biopharma issues 10 mil new ordinary shares at exercise price of six cents each
Teo Zheng Long - iX Biopharma (SGX: 42C ) announced that it has allotted and issued 10 million new ordinary shares at a price of six cents per warrant share as part of its exercise of warrants. Following the exercise, the number of issued shares in iX Biopharma increased from 1,038,324,529 shares to 1,048,324,529 sh ...
1 day ago
World Bank says South Asia growth to slow to 6.3% in 2026 amid Middle East conflict
NEW DELHI, April 8 : South Asia's growth is expected to slow to 6.3 per cent in 2026 from 7.0 per cent in 2025 as the conflict in the Middle-East and disruptions in global energy markets weigh on the import-dependent region, the World Bank said on Wednesday.In its latest South Asia Economic Upd ...
1 day ago
The new Trump trades: how investors are navigating Iran shocks
LONDON, April 8 : Investors are piecing together a new "Trump trade" playbook for navigating market uncertainty, ranging from whether a U.S.-Iran ceasefire will hold to oil prices staying high for longer.With global inflation and interest rates increasingly tough to predict as geopolitics ...
1 day ago
Telenor faces lawsuit over claims it exposed Myanmar customers to junta repression
BANGKOK, April 8 : A Swedish non-profit filed a class action lawsuit against Telenor on Tuesday on behalf of over 1,200 people whose phone data it says the Norwegian telecom's Myanmar subsidiary shared with the country's military junta following a 2021 coup.Telenor, which has since exited ...
1 day ago
Exxon sees 6% of its worldwide Q1 output shut on Middle East conflict
Half of those outages are concentrated at a liquefied natural gas complex in Qatar
1 day ago
Exxon sees 6% of its worldwide output shut on Middle East conflict
EXXONMOBIL said 6 per cent of its global first-quarter production was knocked out as the Iran war paralysed much of the Persian...
1 day ago
Lim Sim Seng appointed as deputy chairman of SIA Engineering
Chloe Lim - He will also be a member of the nominating, compensation and human resources, and executive committees
1 day ago
Hong Kong’s Link Reit sells Thomson Plaza retail space for S$250 million
Chong Xin Wei - The divestment is priced at a 23% premium to the property’s most recent book valuation
1 day ago
Sunway-IJM takeover bid collapse: IJM wins but faces pressure to deliver value
Tan Ai Leng - Asset monetisation, spin-off plans in focus as IJM races to deliver value within tight timelines
1 day ago
DBS initiates ‘buy’ on Yangzijiang Maritime, citing investments, shipbuilding opportunities
Koh Kim Xuan - The brokerage’s target price of S$0.88 represents a 63% upside from the group’s closing price on Apr 7
1 day ago
Link REIT announces plans to divest its stake in Swing By @ Thomson Plaza
The Edge Singapore - On April 8, Link REIT announced it has entered into agreements with Jack Investment Pte Ltd and Pangjwee Development Pte Ltd for the sale of its property interests in Swing By @ Thomson Plaza for $250 million. The divestment, which is priced at a premium to the most recent book valuation of the prop ...
1 day ago
Samudera Shipping launches service connecting Japan and Korea
The Edge Singapore - Samudera Shipping, better known for running "feeder" routes across Asia, has launched a new weekly container service connecting Japan and Korea. This route, in operation this month onwards, marks its entry into the Korea-Japan trade corridor and the extension of its intra-Asia footprint in ...
1 day ago
Competition watchdog seeks feedback on proposed commercial tie-up between SIA and Vietnam Airlines
Chloe Lim - The two carriers propose to cooperate on, for example, scheduling, pricing, sales and marketing and other commercial areas
1 day ago
Singapore stocks rise after US-Iran ceasefire announcement; STI up 0.8%
Young Zhan Heng - Across the broader market, gainers beat decliners 481 to 178 after 2.2 billion securities change hands
1 day ago
Airlines ‘nowhere near’ Covid-style crisis despite oil shock: Iata chief
Shikhar Gupta - Carriers can mitigate fuel price spikes using established levers such as fare hikes, says Willie Walsh
1 day ago
‘Never waste a crisis’: Putting Iran war price pressures to good use
Janice Heng - If higher fuel and energy prices drive lasting behavioural change, Singapore will be better off in the long run
1 day ago
Revolut to open Paris office as lender seeks to expand in Europe
The company has signed a 10-year lease for space in the historic Bourse business district