13 hours ago
Apple explores test production of foldable iPhones in Taiwan: Nikkei
The company believes that releasing a long-awaited foldable model could be key to reaching the goal
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Stoneweg Europe Stapled Trust divests Italy asset for 11.4 million euros, completes sale in Poland
Shikhar Gupta - The completion of the divestment is subject to the customary conditions and is expected in the fourth quarter of this year
13 hours ago
US SEC paves way for crypto spot ETFs with new listing rules
THE Securities and Exchange Commission voted on Wednesday to approve proposed rule changes by three national securities exchanges, enabling them to adopt...
13 hours ago
Stocks to watch: Stoneweg Europe Stapled Trust, Del Monte Pacific, Marco Polo Marine, mm2 Asia
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 18):
13 hours ago
Stocks to watch: Stoneweg Europe Stapled Trust, Nio, Del Monte Pacific, Marco Polo Marine, mm2 Asia
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 18):
13 hours ago
Australian retailer Kmart breaches privacy with facial recognition tech, regulator says
An Australian regulator said on Thursday that Wesfarmers' budget department store Kmart has breached privacy by collecting personal and sensitive information via a facial recognition technology system designed to combat refund fraud.The Office of the Australian Information Commissioner (OAIC) f ...
13 hours ago
Brazil launches proposals to attract data centers, regulate digital competition
BRASILIA :Brazilian President Luiz Inacio Lula da Silva on Wednesday signed an executive order aimed at luring data centers to the country by exempting some related equipment from federal taxes, as well a bill to regulate digital competition.The data centers project will according to the government ...
13 hours ago
Stoneweg Europe Stapled Trust to divest non-core office asset in Italy for EUR11.4 mil
Felicia Tan - Stoneweg Europe Stapled Trust (SERT) has entered into a final binding agreement to divest Cassiopea 1-2-3, a non-core office asset in Agrate Brianza, Italy, to Finviar S.r.l. The trust will sell the asset for a consideration of EUR11.35 million ($17.2 million). The completion of the divestment is su ...
13 hours ago
PayPal and Google expand partnership to power agentic commerce
The companies are working to establish standards to ensure merchants, consumers and autonomous AI agents are operating with sufficient risk controls and...
14 hours ago
SEC paves way for crypto spot ETFs with new listing rules
The Securities and Exchange Commission voted on Wednesday to approve proposed rule changes by three national securities exchanges, enabling them to adopt generic listing standards for new cryptocurrency and other spot commodity exchange-traded products.The commission vote removes the last remaining ...
14 hours ago
GM is in talks to extend China venture with demand recovering
Foreign automakers have scaled back in the Asian nation as domestic players have taken greater control of the market
14 hours ago
Dollar steady after rebound from 3-1/2-year low in post-Fed rollercoaster ride
TOKYO :The U.S. dollar was steady early on Thursday following its plunge to a 3-1/2-year low and then forceful rebound as traders grappled with the ramifications of the Federal Reserve's measured rhetoric on further interest rate cuts.The Fed reduced rates by a quarter point on Wednesday, as ex ...
14 hours ago
Dollar steadies after post-Fed rollercoaster ride
TOKYO : The U.S. dollar was steady early on Thursday following its plunge to a 3-1/2-year low and then forceful rebound as traders grappled with the ramifications of the Federal Reserve's measured rhetoric on further interest rate cuts.New Zealand's dollar tumbled after data showed the cou ...
14 hours ago
Dollar firms after post-Fed rollercoaster ride; NZ dollar sinks
TOKYO : The U.S. dollar ticked higher on Thursday following its plunge to a 3-1/2-year low and then forceful rebound as traders grappled with the ramifications of the Federal Reserve's measured stance on further interest rate cuts.New Zealand's dollar tumbled after data showed the country& ...
14 hours ago
Dollar choppy as investors parse Fed outlook, await BoE decision
TOKYO : The U.S. dollar was choppy on Thursday as traders parsed the Federal Reserve's measured stance on further interest rate cuts, while focus also turned to the Bank of England's scheduled policy decision, with no change on rates expected. Sterling was down 0.1 per cent at $1.3615 afte ...
14 hours ago
Meta launches smart glasses with built-in display, reaching for 'superintelligence'
MENLO PARK, California : Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence era.CEO Mark Zuckerberg showed off what he called Meta Ray-B ...
14 hours ago
Meta launches new smart glasses with built-in display
MENLO PARK, California : Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence era.Chief Executive Mark Zuckerberg showed off what he calle ...
14 hours ago
Meta launches $499 Oakley smart glasses
MENLO PARK, California : Meta on Wednesday launched $499 Oakley-branded smart glasses for athletes that come with a centered action camera, louder speakers and better water resistance, expanding its wearables beyond the Ray-Ban line that has been an early AI-era hit.Dubbed Oakley Meta Vanguard, the ...
14 hours ago
Meta's new $800 smart glasses with display likely to take center stage at Connect event
MENLO PARK, California :Meta is expected to launch on Wednesday its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, an early consumer hit of the artificial intelligence era.The new glasses will likely be named "Celeste" and pa ...
14 hours ago
China banks amped up 72 trillion yuan bond bet just as market peaked
It comes at a risky time as the nation’s bond market is about to wipe out this year’s advance
14 hours ago
SiTime releases new chip aimed at wearable gadgets
SANTA CLARA, California :SiTime on Wednesday released a new chip aimed at helping it enter a $4 billion market and land customers in wearable electronic devices.The small Santa Clara, California-based chip company, which had just over $200 million in sales last year, is one of the few that focus spe ...
15 hours ago
Troubled Gucci gets new CEO as Luca de Meo takes over Kering
KERING appointed Francesca Bellettini as the new head of its troubled Gucci label on Wednesday as Luca de Meo took over the...
15 hours ago
Tesla is redesigning door handles that drew safety scrutiny
The carmaker vehicles are equipped with interior manual releases, but the locations can be difficult to find, particularly for passengers in the...
15 hours ago
Cybersecurity firm Netskope raises $908.2 million in US IPO
NEW YORK : Cybersecurity firm Netskope raised $908.2 million in an initial public offering in the United States, the cloud-based cybersecurity company said on Wednesday. The Santa Clara, California-based company sold about 47.8 million shares at $19 apiece, at the higher end of its target range, whi ...
15 hours ago
Cybersecurity firm Netskope raised $908 million in IPO, source says
NEW YORK :Cybersecurity firm Netskope raised $908 million in its U.S. initial public offering, pricing its stock at the top of the marketed range at $19 a share, according to a source familiar with the matter.This gives the company a valuation of $7.26 billion.
15 hours ago
SGD$643 million green loan backs Singtel’s next-gen data centre
The development of DC Tuas is supported by Standard Chartered as facility agent and one of the green loan coordinators
15 hours ago
Economists mixed on Singapore’s August 11.3% y-o-y NODX slowdown
Douglas Toh - Following the release of Singapore’s August non-oil domestic export (NODX) data, which contracted 11.3% y-o-y, the economist at UOB Global Markets and Global Research (UOB) has lowered his full-year forecasts. UOB’s Jester Koh has lowered his 2025 forecast range to between a 1% y-o-y decline to ...
15 hours ago
Stocks join bonds lower as Fed brings no fireworks
Rita Nazareth / Bloomberg - Wall Street emerged largely unshaken from a high-stakes Federal Reserve meeting, as policymakers delivered a well-telegraphed rate cut that elicited muted moves across markets. The announcement was followed by Jerome Powell’s remarks, underscoring the tension between the Fed’s two mandates that ...
15 hours ago
Deutsche Bank sees gold at US$4,000 next year on Fed cuts, China
The bank expects the US central bank to cut rates three times by the end of this year
15 hours ago
Fed cuts rates by quarter-point; Powell says jobs market no longer 'very solid'
Catarina Saraiva / Bloomberg - Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and pencilled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs. Chair Jerome Powell pointed to growing signs of weakness in the labour mark ...
15 hours ago
US Fed cuts rates by quarter-point; Powell says jobs market no longer 'very solid'
Catarina Saraiva / Bloomberg - Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and pencilled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs. Chair Jerome Powell pointed to growing signs of weakness in the labour mark ...
15 hours ago
US Fed's focus moves from inflation to jobs as it makes first rate cut of 2025
The Federal Reserve announced a quarter-point interest rate cut and signalled it could enact two more cuts this year.
15 hours ago
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve...
15 hours ago
Moody's flags risk in Oracle's $300 billion of recently signed AI contracts
WASHINGTON :U.S. credit rating agency Moody's Ratings flagged several potential risks in Oracle Corp's $300 billion of recently signed artificial intelligence contracts, but stopped short of taking ratings action against the software giant.Oracle said this month it expected booked revenue ...