20 hours ago
US stocks: Wall Street ends up as investors buoyed by tariff relief, upbeat data
Many of the so-called Magnificent Seven stocks are due to report earnings next week
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
20 hours ago
Microsoft 365 down for thousands of users, Downdetector shows
Jan 22 : Microsoft's suite of productivity software was down for thousands of users on Thursday, according to outage tracking website Downdetector.com.There were more than 13,100 incidents of people reporting issues with Microsoft 365, according to Downdetector, which tracks outages by collatin ...
20 hours ago
Microsoft says access to productivity suite restored after outage
Jan 23 : Microsoft said on Friday it has restored access to its suite of productivity software, while data from outage tracking website Downdetector.com showed that reports of outages had declined. There were nearly 113 incidents of people reporting issues with Microsoft 365 as of 1:05 a.m. ET, down ...
20 hours ago
Intel struggles to meet AI demand
Jan 22 : Intel said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market estimates, sending shares down 7 per cent in after-hours trading.The company forecast current-quarter revenue at between $11.7 billion a ...
21 hours ago
Intel shares plunge on earnings expectations
SAN FRANCISCO: Intel shares dove more than 10 per cent Thursday (Jan 22) despite the struggling US chip maker doing better than expected in the recently ended quarter, as its revenue forecast disappointed investors.Intel reported a loss of US$600 million on revenue of US$13.7 billion in the final th ...
21 hours ago
BOJ set to hold rates steady as election, yield spike cloud outlook
TOKYO, Jan 23 : The Bank of Japan is set to keep interest rates steady on Friday and signal cautious optimism that the economy will maintain a moderate recovery that would justify raising still-low borrowing costs further.BOJ Governor Kazuo Ueda is likely to offer few clues on when the bank might ne ...
23 hours ago
Stocks rise as dollar dips after Trump's walk-back of Greenland threats
NEW YORK/ LONDON, Jan 22 : MSCI's global equities gauge was higher on Thursday and the dollar dipped as investors showed signs of relief a day after U.S. President Donald Trump dropped tariff threats against eight European countries and ruled out seizing Greenland by force.Trump said on Thursda ...
23 hours ago
Stocks push higher as investors digest Trump's walk-back of Greenland threats
NEW YORK/ LONDON, Jan 22 : MSCI's global equities gauge eyed a second straight advance on Thursday and the dollar dipped as investors showed signs of relief a day after U.S. President Donald Trump dropped tariff threats against eight European countries and ruled out seizing Greenland by force.T ...
23 hours ago
Netflix's Sarandos to testify in Senate hearing on Warner deal, Bloomberg News reports
Jan 22 : Netflix co-CEO Ted Sarandos plans to testify in February at a U.S. Senate committee hearing examining the company's proposed $82.7 billion purchase of the streaming and studio operations of Warner Bros Discovery, Bloomberg News reported on Thursday.Bruce Campbell, Warner Bros.' ch ...
23 hours ago
Tesla starts robotaxi rides without safety monitors in Austin
Jan 22 : Tesla CEO Elon Musk said on Thursday that the company has started Robotaxi rides in Austin without safety monitors in the car.
24 hours ago
BitGo debuts with $2.59 billion valuation as crypto IPO window reopens
Jan 22 : BitGo hit a $2.59 billion valuation after its stock opened 24.6 per cent higher in their New York debut on Thursday, as investors snapped up shares in 2026's first crypto IPO.The crypto custody firm's stock opened at $22.43 a share, above the $18 offer price.BitGo and some of its ...
24 hours ago
Crypto custody firm BitGo valued at $2.59 billion as shares surge in NYSE debut
Jan 22 : Crypto custody firm BitGo was valued at about $2.59 billion after its shares opened 24.6 per cent higher in their New York Stock Exchange debut on Thursday. The stock opened at $22.43 a share, compared with the $18 offer price. BitGo and some of its backers sold 11.8 million share ...
24 hours ago
Elon Musk's X back up after brief outage, Downdetector shows
Jan 22 : Social media platform X was back up after a brief outage for thousands of users globally on Thursday, according to Downdetector.com.At its peak, there were more than 20,200 reports of issues with X in the U.S., per Downdetector, before coming down to about 600 reports as of 12:27 p.m. ET.Re ...
1 day ago
EU's Virkkunen says rule of law makes it reliable investment partner
DAVOS, Switzerland, Jan 22 : Europe's rule of law and reliability are critical to the case for investing in the continent given uncertainties in other parts of the world, the EU official responsible for tech sovereignty, security and democracy said on Thursday."Europe wants to really attra ...
1 day ago
US fintech could gain as Trump pushes affordability agenda, Citi says
Jan 22 : U.S. fintech stocks could gain an edge as Washington leans into a more populist, affordability-driven agenda ahead of the November 2026 midterm elections, analysts at Citigroup said in a note.President Donald Trump's latest policy push is prompting investors to reassess parts of t ...
1 day ago
The Assembly Place’s IPO 35.5 times subscribed ahead of Catalist debut
Renald Yeo - It raises net proceeds of S$10.8 million, from gross proceeds of S$18.3 million
1 day ago
Wall Street opens higher on tariff relief
[NEW YORK] US stocks opened higher on Thursday (Jan 22), inching towards all-time highs, after President Donald Trump dialed back his threat...
1 day ago
UK court gives go-ahead to challenge to large data centre
LONDON, Jan 22 : Britain's approval for a hyperscale data centre just outside London will come under scrutiny, after campaigners were on Thursday granted permission to bring a first of its kind legal challenge over the project.Plans for a 90MW data centre in Buckinghamshire were approved by the ...
1 day ago
Is there a place for insurance in your portfolio?
Felicia Tan - We talk to the experts to find out if it is wise having insurance in a financial portfolio and where it may do more harm than good. Insurance is often seen as a grudge purchase, something you pay for and hope never to use. In reality, insurance should be a key part of your financial portfolio. Altho ...
1 day ago
Apple asks Indian court to stop antitrust body from seeking its financials
The US tech giant argues that being forced to comply now will defeat its main legal challenge against India’s penalty rules
1 day ago
Lessons I learned from my insurance journey
Felicia Tan - I bought my first insurance policies in 2010, right after graduating. With low interest rates and zero investing knowledge, I chased high-yield plans, thinking they’d make my money work harder. Instead of asking family or friends for recommendations, I called an insurance company in Singapore to r ...
1 day ago
Stocks push higher as Trump walks back Greenland threats
LONDON, Jan 22 : World stocks nudged higher, the dollar was steady and gold softened on Thursday after U.S. President Donald Trump ruled out seizing Greenland by force and dropped tariff threats against eight European countries.Relief at Trump's change of tune pushed Europe's STOXX 600 ind ...
1 day ago
Singapore unveils new framework to rein in risks of autonomous AI agents
Young Zhan Heng - While agentic artificial intelligence may benefit the Republic’s digital economy, it also has its vulnerabilities
1 day ago
A former insurance agent’s perspective
Felicia Tan - Most consumers don’t realise how insurance agents are compensated, which can help explain why certain products are often promoted more aggressively. An agent’s income is wholly commission-based, says Luke (not his real name), a former insurance agent. However, newcomers can opt for a “financin ...
1 day ago
Design software maker Autodesk to lay off about 7% of global workforce
Jan 22 : Design software maker Autodesk said on Thursday it would lay off about 7 per cent of its workforce globally, or roughly 1,000 employees, with a major portion of the reductions occurring within its customer-facing sales functions.Shares of the company rose nearly 4 per cent in premarket trad ...
1 day ago
Autodesk cuts 7% of workforce to redirect investments to AI, cloud
Jan 22 : Design software maker Autodesk said on Thursday it would shed about 7 per cent of its global workforce, or roughly 1,000 jobs, as it aims to redirect spending to its cloud platform and artificial intelligence efforts.The company, which offers tools used in movies and games to create 3D anim ...
1 day ago
Insurance a ‘key asset class’ for HNWIs
Felicia Tan - The approach by high net worth individuals (HNWIs) to insurance is very different from that of retail clients. According to Harpreet Bindra, CEO of HSBC Life Singapore, HNW clients place particular emphasis on legacy and estate planning, which support business continuity and philanthropic objectives ...
1 day ago
Spotify launches AI-driven 'prompted playlist' for premium users in US, Canada
Jan 22 : Spotify on Thursday rolled out "prompted playlist", an artificial intelligence-powered feature in the United States and Canada that allows premium users tailor playlists using their listening habits and commands.After its successful run in New Zealand, the expansion is the latest ...
1 day ago
The Assembly Place's IPO is 5.2 times subscribed
The Edge Singapore - The Assembly Place's IPO, which is raising net proceeds of $10.8 million, is 5.2 times subscribed. The 2 million public tranche shares was 35.5 times subscribed while the placement tranche of 48.3 million shares is 3.9 times subscribed. The offer attracted institutional investors such as Avanda ...
1 day ago
Jumbo Group takes 20% stake in Xi’an restaurant joint venture
Renald Yeo - Its interest in the JV is worth 300,000 yuan
1 day ago
Suntec Reit DPU jumps 23.2% for H2 on stronger operational performance, lower financing costs
Renald Yeo - For the full year, the figure is 13.6% higher at S$0.07035
1 day ago
Suntec REIT reports FY2025 DPU of 7.035 cents, up 13.6% y-o-y
The Edge Singapore - Suntec REIT has reported DPU of 7.035 cents for its FY2025 ended Dec 31, up 13.6% y-o-y, on the back of a 14.6% jump in distributable income to $207.3 million. Gross revenue, meanwhile, was up 1.7% to $471.6 million. Besides stronger operational performance of its Singapore office, retail and conven ...
1 day ago
Mobileye forecasts annual revenue below estimates as tariffs weigh on automakers
Jan 22 : Mobileye Global forecast annual revenue below Wall Street expectations on Thursday, indicating uncertain demand for its assisted-driving chips as automakers navigate a challenging economic environment marked by high tariffs.Shares of the Israel-based company fell 6 per cent in premarket tra ...
1 day ago
The house always wins: Apac Realty enters a new era
Jovi Ho - Expecting property cooling measures is the new norm, says ERA Singapore CEO Marcus Chu, even as home prices settle into a ‘sustainable’ rate of increase Five years and several property cooling measures ago, ERA Singapore top executives Jack Chua and Marcus Chu discussed “revenge home ownership ...