1 day ago
Boeing gets 15 Dreamliner aircraft order from Kazakhstan's Air Astana
Boeing said on Thursday it had received an order for up to 15 787 Dreamliners from Kazakhstan carrier Air Astana.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Block misses profit estimates on sluggish consumer spending, shares slump
Block missed Wall Street estimates for third-quarter profit on Thursday amid persistent economic uncertainty and intensifying competition in the payments sector, sparking a more than 11 per cent slide in its shares after the bell.The company's Square segment, which provides payments solutions t ...
1 day ago
Expedia raises 2025 revenue growth forecast on strong US business
Online travel platform Expedia boosted its forecast for 2025 revenue growth, after beating Wall Street estimates for third-quarter profit, helped by strong demand from its business clients, sending its shares up nearly 15 per cent after the bell.The Seattle-based company now expects annual revenue t ...
1 day ago
Expedia raises 2025 revenue forecast on strong business demand, shares rise
Online travel platform Expedia boosted its forecast for 2025 revenue growth, after beating Wall Street estimates for third-quarter profit, helped by strong demand from its business clients, sending its shares up nearly 10 per cent after the bell. The Seattle-based company now expects annual revenue ...
1 day ago
Exclusive-Comcast hires bankers to explore bid for Warner Bros Discovery
NEW YORK :Comcast has retained financial advisors and gained access to financial information as it explores a bid for Warner Bros Discovery’s studio and streaming businesses, according to four sources familiar with the matter.NBCUniversal’s parent company has hired Goldman Sachs and Morgan Sta ...
1 day ago
Singapore’s big board refresh... and what lies beyond
The nine-year rule has been a necessary jolt, forcing boards to re- examine composition, succession and independence
1 day ago
Texas sues gaming platform Roblox for allegedly concealing safety risks from parents
Roblox has been sued by Texas Attorney General Ken Paxton, who on Thursday accused the online gaming platform of deceiving parents about the safety risks it poses to children.Paxton joined the attorneys general of Kentucky and Louisiana, as well as many private plaintiffs, who have alleged that Robl ...
1 day ago
Texas sues Roblox for allegedly concealing safety concerns from parents
Roblox has been sued by Texas Attorney General Ken Paxton, who on Thursday accused the online gaming platform of deceiving parents about the safety risks it poses to children.The company already faces many private lawsuits, as well as cases brought by the attorneys general of Kentucky and Louisiana, ...
1 day ago
OpenAI discussed government loan guarantees for chip plants, not for data centers, CEO Altman says
OpenAI has spoken with the U.S. government about possible loan guarantees to support the construction of chip factories in the U.S., but has not sought or wanted U.S. government guarantees for building its data centers, CEO Sam Altman said on Thursday.Altman said the discussions were part of broade ...
1 day ago
OpenAI does not 'want government guarantees' for massive AI data center buildout, CEO Altman says
ChatGPT parent OpenAI does not "want government guarantees" for its data centers, CEO Sam Altman said on Thursday, while adding that the startup at the heart of the artificial intelligence boom expects to end this year with an annualized revenue run rate above $20 billion.OpenAI is in the ...
1 day ago
OpenAI discussed government loan guarantees for chip plants, not data centers, Altman says
OpenAI has spoken with the U.S. government about the possibility of federal loan guarantees to spur construction of chip factories in the U.S., but has not sought U.S. government guarantees for building its data centers, CEO Sam Altman said on Thursday. Altman said the discussions were part of bro ...
1 day ago
Starlink signs landmark global direct-to-cell deal with Veon as satellite-to-phone race heats up
Elon Musk's Starlink, a subsidiary of SpaceX, secured its largest direct-to-cell deal yet with telecoms group Veon, granting access to over 150 million potential customers, both companies said on Thursday, as competition in satellite-to-smartphone connectivity intensifies. Direct-to-cell techn ...
1 day ago
White House AI czar rules out federal bailout for the sector
-David Sacks, the White House artificial intelligence and crypto czar, said that there will be no federal bailout for AI, as U.S. races to cement its position as a global leader in the booming technology.AI has cemented itself as the single biggest catalyst for global corporate investment and the e ...
1 day ago
Washington Post says it is among victims of cyber breach tied to Oracle software
WASHINGTON :The Washington Post said it is among victims of a sweeping cyber breach tied to Oracle software.In a statement released on Thursday, the newspaper said it was one of those impacted "by the breach of the Oracle E-Business Suite platform."The paper did not provide further detail, ...
1 day ago
Exclusive-SAP to offer concessions to settle EU antitrust probe, stave off fine, sources say
BRUSSELS :SAP, Europe's largest software maker, is set to make a formal offer of concessions shortly to settle an EU antitrust investigation and stave off a possible hefty fine, people with direct knowledge of the matter said.The case will help EU regulators counter U.S. criticism that they onl ...
1 day ago
Ripple says 'skinny' Fed master account is attractive despite limitations
Crypto giant Ripple supports the idea of a "skinny" Federal Reserve payments account for non-banks, which could still be a game changer while addressing banks' concerns over financial stability and competition risks, a top company executive said."I think it's an attractive i ...
1 day ago
Power supply constraints slowing EMEA data centre rollout, report says
LONDON :Data centre capacity growth across Europe, the Middle East and Africa has slowed down in 2025 so far compared to the same period last year, despite surging demand, as a lack of available power delays project timelines, a report from Savills found.Global data centre demand and planned project ...
1 day ago
DBS hits all-time high and UOB slips 2.8% after 3Q results, but OCBC research head keeps ‘buy’ on UOB
Jovi Ho - Investors may have sent DBS Group Holdings’ shares to an all-time high on Nov 6 following the release of its third-quarter results and sold United Overseas Bank (UOB) down some 2.8% the same day — but OCBC Investment Research head Carmen Lee recommends investors do the opposite. In two reports r ...
1 day ago
WSJ report triggers re-look at CLI and Mapletree Investments’ REIT combinations
Goola Warden - The Wall Street Journal has reported that Mapletree Investments and CapitaLand Investment (CLI) are exploring a merger. The plans are in the very early stages, and a deal may or may not materialise, the report said. This is not the first time such market talk has emerged. As analysts weigh in, a CLI ...
1 day ago
Nexperia says payment dispute led to supply break with China
The company cannot guarantee the quality or authenticity of its chips delivered from China after Oct 13
1 day ago
DBS to raise dividends to 81 cents per quarter; UOB commits to 50% payout
Goola Warden - Following the release of 3QFY2025 ended Sept 31 results of DBS Group Holdings and United Overseas Bank (UOB), DBS’s share price rose by almost $2, while UOB’s share price fell by more than $1, to adjust for their respective dividend commitments. Firstly, UOB announced that it had proactively set ...
1 day ago
Fu Yu receives letters of demand from fired CEO seeking S$2 million over salary and alleged defamation
Tay Peck Gek - The sum claimed by David Seow includes over S$1.8 million in salary and S$200,000 in damages
1 day ago
Scientists unveil first draft of atlas of the developing brain
WASHINGTON :Scientists have reached a milestone in an ambitious initiative to chart how the many types of brain cells emerge and mature from the earliest embryonic and fetal stages until adulthood, knowledge that could point to new ways of tackling certain brain-related conditions like autism and sc ...
1 day ago
US: Wall Street opens lower as investors assess corporate earnings, mixed economic data
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Nov 6), as investors digested a slate of corporate earnings, while concerns...
1 day ago
More than half of hedge funds invested in crypto, global survey says
PARIS :Global hedge funds' exposure to crypto markets is increasing, and more than half are now invested in the sector, with the U.S. government's embrace of digital assets boosting interest, according to an industry report published on Thursday.Fifty-five percent of hedge funds hold some ...
1 day ago
Thakral’s profit triples to S$19.5 million on divestment of Osaka property
Low Youjin - The group posts a 700% jump in its nine-month profit to S$128.8 million
1 day ago
Microsoft launches 'superintelligence' team targeting medical diagnosis to start
SAN FRANCISCO: Microsoft is forming a new team that wants to build artificial intelligence that is vastly more capable than humans in certain domains, starting with medical diagnostics, the executive leading the effort told Reuters.Called the MAI Superintelligence Team, the project follows similar e ...
1 day ago
The end is near for policy easing among big central banks
LONDON :Central banks in big economies are nearing the end of their rate-cutting cycles, though some, like the U.S. Federal Reserve and Bank of England - which were more cautious earlier in the year - have scope to ease a little more. Australia, Sweden and Norway all left rates unchanged this week, ...
1 day ago
Analysts divided on NetLink NBN Trust but praise its ‘stable’ 5.5% distribution yield
Jovi Ho - Analysts are divided on NetLink NBN Trust after its revenue and ebitda for 1HFY2026 ended Sept 30 met consensus expectations. Phillip Securities’ research head Paul Chew holds the most muted view, staying “neutral” on NetLink but with a higher target price of 93 cents, up from 87 cents previou ...
1 day ago
Dalvey Road GCB sells for S$61 million, Victoria Park bungalow fetches nearly S$52 million
Kalpana Rashiwala - Price paid by philanthropist for Dalvey Road property reflects S$4,045 psf on freehold land area of 15,081 sq ft
1 day ago
BoE's Bailey: Risk of AI bubble if markets over price returns
LONDON :Bank of England Governor Andrew Bailey said on Thursday there could be an artificial intelligence-induced bubble in markets, notwithstanding the large productivity boost the technology would likely deliver.Speaking after the central bank left interest rates on hold, Bailey said there was unc ...
1 day ago
Bangladesh orders 25 Boeing planes, Airbus eyes deals
It expects to receive the first one in 2029
1 day ago
Datadog forecasts strong fourth-quarter earnings on AI-driven security demand
Datadog forecast fourth-quarter earnings above Wall Street estimates on Thursday, betting on strong demand for its cloud-security products from businesses adopting artificial intelligence technology. Shares of Datadog, which have risen 8.5 per cent so far this year, gained nearly 10 per cent in pre ...
1 day ago
Singtel offers US1.2 billion stake in Bharti Airtel, terms show
The transaction will occur on local bourses on Friday