3 days ago
S$3 billion money laundering case: Two suspects on the run spent S$70 million on UK properties
One of the suspects, Su Binghai, bought nine apartments in London just a week after he escaped police raids.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Strategic rationale behind the recent restructuring of our portfolios
Tong Kooi Ong + Asia Analytica - We have made several strategic changes to the Malaysian as well as global Absolute Returns and AI Portfolios over the past few months. And we have written brief investment theses for some of the newly acquired stocks, most recently in the article titled “AI Portfolio gains 8.7% less than five mont ...
3 days ago
OpenAI's Altman urges US to expand Chips Act tax credit for AI growth
OpenAI CEO Sam Altman on Friday doubled down on the company's ask for the U.S. to expand eligibility for a Chips Act tax credit, as the country accelerates efforts to secure its position as a global leader in artificial intelligence.Altman's comment follows OpenAI Chief Global Affairs Offi ...
3 days ago
Asian firms divided on Chinese AI as geopolitics bite
When Kien Ta pitched an AI solution to a Japanese healthcare firm, he suggested they use Qwen. Ta, the vice president of Vietnam-based software...
3 days ago
US warns it could force 20% flight cuts if shutdown continues
[WASHINGTON] US Transportation Secretary Sean Duffy warned on Friday he could force airlines to cut up to 20 per cent of flights...
3 days ago
EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the...
3 days ago
US Justice Department probes meatpackers for price manipulation, collusion
[WASHINGTON] The US is investigating meatpacking companies, the attorney general said on Friday, after President Donald Trump accused the companies of using...
3 days ago
France moves to suspend Shein website amid sex doll probe
THE French government said on Wednesday it would suspend the Shein digital platform until the Asian e-commerce giant complied with French legislation,...
3 days ago
US: Wall Street ends mixed on signs of shutdown progress
[NEW YORK] The Nasdaq closed lower but the S&P 500 and the Dow eked out late-session gains on Friday as investors turned...
3 days ago
Europe: Stoxx 600 ends volatile week lower; ITV soars
EUROPEAN shares ended a volatile week lower on Friday, as worries about elevated valuations of technology-related stocks persisted, while Britain’s ITV jumped on...
3 days ago
Crude oil recovers late in session on hopes over US-Hungary meeting
[HOUSTON] Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian crude oil as US President Donald Trump met...
3 days ago
EV maker Rivian gives CEO a Musk-style pay package worth up to $4.6 billion
EV maker Rivian on Friday said it was giving its CEO a revised pay package worth as much as $4.6 billion over the next decade, a deal modeled on larger rival Tesla's plan for paying CEO Elon Musk, and linked to new profit targets and reduced share price milestones.The overhaul highlights Rivian ...
3 days ago
Banks lend $18 billion for Oracle-tied data center project, Bloomberg News reports
A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico, Bloomberg News reported on Friday.Sumitomo Mitsui Banking Corp, BNP Paribas SA, Goldman Sachs Group, and Mitsubishi UFJ Financi ...
3 days ago
Fed's Miran: Stablecoin adoption could put downward pressure on interest rates
NEW YORK :Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be.“Even relatively conservative estimates of stablecoin growth imply an in ...
3 days ago
YouTube says open to deal with Disney to restore networks in US
Google's YouTube said it is open to negotiating a fair deal with Disney to restore the entertainment giant's networks to its YouTube TV pay‑TV service, while it accused Disney of misrepresenting facts and seeking higher rates than rivals and its own smaller platforms.Disney said on Frida ...
3 days ago
Disney, YouTube TV remain in talks to restore ABC and ESPN
Disney said on Friday it is continuing talks with Google's YouTube TV to restore ABC and ESPN after its networks went dark on the pay-TV service.On Monday, YouTube TV proposed restoring ABC and ESPN, in response to Disney's request to bring back ABC to the pay-TV service for Election Day c ...
3 days ago
France halts Shein suspension proceedings after sex dolls, weapons are withdrawn
PARIS :The French Finance Ministry on Friday halted the suspension proceedings of Chinese online retailer Shein initiated two days ago after the Chinese retailer withdrew all illicit products from its platforms.The French government started the process to block Shein in France on Wednesday after it ...
3 days ago
France lets Shein resume operation after it withdrew all illicit products
PARIS :The French Finance Ministry on Friday allowed Chinese online retailer Shein to resume operating in France after demonstrating it had withdrawn all illicit products from its platforms.Shein will remain under close surveillance, the ministry said in a statement, adding that all the judicial inv ...
3 days ago
GoDaddy hit with $170 million patent verdict over web-design tech
Internet domain registrar GoDaddy owes a patent owner $170 million for violating its rights in website-building technology, a Delaware federal jury said in a verdict made public on Friday.The jury agreed with Express Mobile that GoDaddy's web-design tools infringe two of its patents.GoDaddy sai ...
3 days ago
Meta plans $600 billion US spend as AI data centers expand
Meta Platforms on Friday said it will invest $600 billion in U.S. infrastructure and jobs over the next three years, including artificial intelligence data centers, as the social media giant races to build infrastructure to power its AI ambitions.Meta has doubled down on AI, with a target of achievi ...
3 days ago
Big Tech may win reprieve as EU mulls easing AI rules, document shows
BRUSSELS :Apple, Meta Platforms and other tech giants may win a reprieve from the EU's landmark artificial intelligence rules as regulators consider easing sections of the legislation as part of a drive to simplify a slew of regulations adopted in the last two years.The move by the European Com ...
3 days ago
Berkshire warns of AI deepfakes impersonating Warren Buffett
Warren Buffett has a message for people who generate or view AI-created impersonations of him. There's only one Oracle of Omaha.Berkshire Hathaway said on Thursday that videos using AI-generated images of its longtime chief executive are circulating on YouTube, featuring comments he never made. ...
3 days ago
Shein sex doll scandal shines light on marketplaces' dark corners
LONDON :France's crackdown on Shein over childlike sex dolls and banned weapons is exposing a perennial problem of online marketplaces: failing to properly police third-party sellers and block sales of counterfeit, illegal, dangerous or simply offensive products.Online marketplaces - platforms ...
3 days ago
Italy's Nexi says it received TPG offer for digital banking assets
MILAN :Italy's Nexi has received an offer from U.S. private equity fund TPG for several assets in its digital banking solutions business, the payments group said on Friday.The board will look at the offer, Nexi said in a statement, reacting to a report by Bloomberg about the TPG approach. Share ...
3 days ago
Sri Trang Agro-Industry posts Q3 loss of 841.9 million baht amid lower rubber prices, tariff uncertainty
Low Youjin - Revenue for the quarter is down 31.8% year on year
3 days ago
UBS joins list of star tenants in GIC-backed Mumbai tower: sources
The bank will move staff to the Altimus, a building jointly owned by GIC and India’s K Raheja
3 days ago
Sri Trang Gloves Q3 loss widens to 106 million baht on impairment, derivative losses
Tay Peck Gek - The steeper net loss comes as its top line decreases 5.6% year on year to 6.1 billion baht, even as sales volume...
3 days ago
Trump Media's quarterly loss widens as costs soar
Trump Media & Technology Group reported a bigger third-quarter loss and a decline in revenue on Friday, squeezed by a surge in expenses, highlighting the Truth Social parent's steep financial hurdles.Shares of the company, a volatile favorite of retail investors, fell more than 3 per cent i ...
3 days ago
AI platforms not danger but opportunity for Amadeus, CEO says
Spanish travel technology company Amadeus is "extremely well positioned" to deal with possible expansion into its industry by large-language-models and AI platforms like ChatGPT, the company's chief executive said on Friday.According to Luis Maroto, Amadeus' objective is to be th ...
3 days ago
Amazon takes low-cost ecommerce service global
Amazon.com on Friday expanded the reach of its low-cost ecommerce service to 14 additional markets and will call it Amazon Bazaar, as part of a push to compete with Chinese rivals including Shein and PDD Holding's Temu.The expansion of the service comes at a time when U.S. President Donald Trum ...
3 days ago
Nvidia CEO Jensen Huang says AI chip sales to China are blocked for now
The company is not trying to revive efforts to get Blackwell AI chips to Chinese firms
3 days ago
Bundesbank chief uses AI to check dovish-hawkish balance in speeches
FRANKFURT :Exploring the potential uses of artificial intelligence, Bundesbank President Joachim Nagel is now using the technology to check how his speeches will be perceived and whether he found the right balance on the dovish-hawkish spectrum, he said on Friday. Some investment banks have built l ...
3 days ago
Some Nexperia chip shipments resume as Germany welcomes 'de-escalation'
BERLIN/TOKYO: Semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said on Friday (Nov 7), with Germany welcoming signs of de-escalation in a fight for control of the
3 days ago
US: Wall Street set for weekly declines as concerns over economy, tech valuations weigh
[NEW YORK] Wall Street’s main indexes opened lower on Friday (Nov 7), and were set for sharp weekly declines, as concerns about...