13 hours ago
Fed pick faces scepticism over claim of independence from Trump
Powell has said he will stay on as chair on a temporary basis if Warsh is not confirmed by May 15
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Gold steadies as Trump extends Iran ceasefire, peace talks stall
Now in its eighth week, the war has triggered an unprecedented energy-supply shock that has heightened inflationary risks
13 hours ago
Gold falls most in two weeks as US-Iran talks hang in balance
Oil remained at elevated levels above US$90 a barrel
13 hours ago
Commentary: After first quarterly dip in nearly seven years, where are HDB resale prices headed?
The latest dip in HDB resale prices suggests that the market is headed towards a more balanced state, says market observer Lee Nai Jia.
13 hours ago
Commentary: Apple CEO Tim Cook resigns after 15 years. What’s next for the tech giant?
Rather than a dramatic shift, the leadership transition from Tim Cook to John Ternus is likely going to be more subtle, says an academic.
13 hours ago
US stocks: Wall Street falls as Middle East concerns offset earnings optimism
Stocks have rallied recently on the belief that a peace deal could be near
13 hours ago
Anthropic's Mythos model accessed by unauthorized users, Bloomberg News reports
April 21 : A small group of unauthorized users has accessed Anthropic's new Mythos AI model, Bloomberg News reported on Tuesday, citing documentation and a person familiar with the matter.
13 hours ago
Trump extends ceasefire until Iran submits new proposal
Thousands of people have been killed since the war began in countries across the Middle East
13 hours ago
Oil prices climb 3% with Iran undecided whether to attend peace talks with US
[NEW YORK] Oil prices climbed about 3 per cent on Tuesday after Iran said it had yet to decide whether to attend peace...
14 hours ago
European shares dip as US-Iran tensions weigh on sentiment
EUROPEAN equities fell on Tuesday as uncertainty over US-Iran peace talks kept investors cautious, hours before a ceasefire is due to expire.
14 hours ago
Exclusive-SpaceX says unproven AI space data centers may not be commercially viable, filing shows
NEW YORK, April 21 : SpaceX warned investors that its ambitions to build space-based artificial intelligence data centers, as well as human settlements on the moon and Mars, rely on unproven technologies and may not become commercially viable, according to a company filing.The business risks laid ou ...
14 hours ago
Another Prudential Financial Japan unit probed over alleged misconduct cases, Nikkei reports
April 22 : A second Japanese unit of American insurer Prudential Financial is suspected of having several instances of misconduct by former employees, Nikkei Asia reported on Wednesday.Dozens of cases surfaced during an investigation into Gibraltar Life Insurance where former employees were suspecte ...
14 hours ago
SGX RegCo kickstarts public consultation on enhanced disclosures to drive value creation
Kwan Wei Kevin Tan - The Singapore Exchange Regulation (SGX RegCo) is launching a public consultation to obtain feedback on some new rules it is introducing to its disclosure requirements. According to a statement published by SGX RegCo on April 22, the new requirements will “sharpen issuers’ focus on shareholder va ...
14 hours ago
SGX RegCo proposes tighter disclosures on pay, dividends and investor relations to lift valuations
Ranamita Chakraborty - It is seeking feedback on raising baseline standards for transparency and focusing on value creation
15 hours ago
Meta breaks ground on over $1 billion data center in Oklahoma's Tulsa
April 21 : Meta Platforms said on Tuesday it has begun construction on a new data center in Tulsa, Oklahoma, a project valued at more than $1 billion, as the Facebook-parent races to build AI infrastructure for securing computing power.Like its Big Tech peers, Meta is locked in an intensifying race ...
15 hours ago
Adobe announces $25 billion stock buyback amid AI disruption fears
April 21 : Adobe on Tuesday announced a share repurchase program worth up to $25 billion through April 30, 2030, as the Photoshop maker seeks to reassure investors of its growth strategy amid the rise of creative autonomous tools.Its shares rose around 2 per cent in extended trading, but the stock h ...
15 hours ago
Adobe announces $25 billion stock buyback
April 21 : Adobe on Tuesday announced a share repurchase program worth up to $25 billion through April 30, 2030, as the Photoshop maker seeks to reassure investors of its growth strategy amid the rise of creative autonomous tools.Its shares rose around 2 per cent in extended trading, but the stock h ...
17 hours ago
Deutsche Telekom exploring merger with T-Mobile, Bloomberg News reports
April 21 : Deutsche Telekom is exploring a full combination with T-Mobile, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.The German company has been in discussions about creating a new holding company that would make a stock bid for shares of both Deutsche Telekom an ...
18 hours ago
Microsoft cuts Xbox Game Pass price, to remove 'Call of Duty' day one inclusions
April 21 : Microsoft has dropped the price of its video game subscription service and the platform will not include future "Call of Duty" game releases on launch day, the company said on Tuesday, in the first major strategy shift under new gaming boss Asha Sharma.Starting Tuesday, Xbox Gam ...
18 hours ago
New York sues prediction markets Coinbase and Gemini Titan, calls their operations gambling
NEW YORK, April 21 : New York's attorney general sued Coinbase Financial Markets and Gemini Titan on Tuesday, claiming their prediction markets violate state laws against illegal gambling.In petitions filed in state court in Manhattan, Attorney General Letitia James said Coinbase and Gemini fai ...
18 hours ago
New York sues Coinbase and Gemini Titan, calls their prediction markets illegal gambling
NEW YORK, April 21 : New York's attorney general sued Coinbase Financial Markets and Gemini Titan on Tuesday, claiming their prediction markets violate state laws against illegal gambling.In complaints filed in a state court in Manhattan, Attorney General Letitia James said Coinbase and Gemini ...
18 hours ago
Sullivan & Cromwell law firm apologizes for AI 'hallucinations' in court filing
April 21 : Sullivan & Cromwell, a premier Wall Street law firm, apologized to a federal judge for submitting a court filing with inaccurate citations and other errors generated by artificial intelligence.In a letter dated April 18, Andrew Dietderich, co-head of the firm's global restructuri ...
19 hours ago
Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
LONDON, April 21 : Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, a London tribunal ruled on Tuesday.Competition lawyer Maria Luisa Stasi is bringing the cas ...
19 hours ago
Exclusive-Meta to start capturing employee mouse movements, keystrokes for AI training data
NEW YORK, April 21 : Meta is installing new tracking software on U.S.-based employees’ computers to capture mouse movements, clicks and keystrokes for use in training its artificial-intelligence models, part of a broad initiative to build AI agents that can perform work tasks autonomously, the com ...
19 hours ago
ASM International forecasts second-quarter revenue that beats estimates
April 21 : Computer chip equipment maker ASM International on Tuesday forecast stronger second-quarter revenue guidance than markets expected, after a first-quarter report above expectations.Europe's second-largest maker of chipmaking tools forecast second-quarter revenue at around 980 million ...
19 hours ago
ASM International forecasts second-quarter revenue above estimates
April 21 : Computer chip equipment maker ASM International on Tuesday forecast stronger second-quarter revenue guidance than markets expected, after a first-quarter report above expectations.Europe's second-largest chipmaking tool maker forecast second-quarter revenue at around 980 million euro ...
19 hours ago
Intel results to show if supply chain issues are dimming its AI ambitions
April 21 : Intel investors on Thursday will focus on its efforts to sort out supply chain issues that have limited the company's ability to ramp up chip production to meet rising demand from businesses adopting AI-related services. Intel has warned that supply constraints for its server chips t ...
19 hours ago
Keppel Infrastructure Trust prices S$200 million in notes due 2033 at 2.8%
Chong Xin Wei - Net proceeds will be used to fund acquisitions, general working capital purposes, among other things
20 hours ago
Trump opposes United–American merger, signals support for Spirit
The idea of the merger has already drawn pushback from some conservatives and Trump-aligned figures
20 hours ago
MUFG Bank seeks financing partners to share buyout risk, CEO says
TOKYO, April 22 : Japan's largest lender, MUFG Bank, is seeking partners such as life and non-life insurers to share risk as it increases financing beyond traditional loans for large corporate deals including leveraged buyouts, its chief executive said.The bank is aiming to limit funding just t ...
20 hours ago
Ever Glory in discussions on potential capital market transaction and corporate acquisition or disposal actions
Teo Zheng Long - Ever Glory United Holdings Limited (SGX: ZKX ) (Ever Glory) announced that the company is currently in discussions with various external parties, in exploring certain potential capital market transaction and corporate acquisition and/or disposal actions. Ever Glory says that the discussions are ongo ...
20 hours ago
AI chipmaker Forge Nano to list via $1.6 billion SPAC deal
April 21 : Forge Nano, a U.S.-based semiconductor equipment and advanced materials company, plans to go public through a $1.6 billion blank-check deal with Archimedes Tech SPAC Partners II , the companies announced on Tuesday.The deal comes amid booming demand for AI chips in recent years as compani ...
21 hours ago
ISDN Holdings’ subsidiary secures Soradynamics and Trinity as strategic partners to drive robotics and AI business
Teo Zheng Long - ISDN Holdings’ (SGX: I07 ) (ISDN) wholly-owned subsidiary, AR Robotics and Automation Pte Ltd (AR Robotics), has divested 486,500 ordinary shares to Trinity One LT Limited (Trinity) and Soradynamics, Co Ltd (Soradynamics). ISDN says that the divestment brings together Trinity's financial back ...
21 hours ago
Lawmakers question if JetBlue is using personal data to set ticket prices
WASHINGTON, April 21 : Two Democratic lawmakers on Tuesday asked JetBlue Airways to answer questions about whether it was using customer personal data to set ticket prices after a company social media post sparked concerns.On Saturday, JetBlue’s X account suggested a customer try clearing their &q ...