1 day ago
Europe: Shares see monthly declines as markets eye trade developments
EUROPEAN stocks ended lower in broad-based declines on Monday, closing out June with monthly losses as investors monitored for signs of any...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
US: S&P 500, Nasdaq end at records, adding to big quarterly gains
[NEW YORK] Wall Street stocks rose again on Monday amid optimism over trade negotiations and US tax cut legislation to conclude the final session...
1 day ago
Iran-linked hackers threaten to release Trump aides' emails
WASHINGTON :Iran-linked hackers have threatened to disclose more emails stolen from U.S. President Donald Trump's circle, after distributing a prior batch to the media ahead of the 2024 U.S. election.In online chats with Reuters on Sunday and Monday, the hackers, who go by the pseudonym Robert, ...
1 day ago
Sukuk market grows 7.7% to US$930 bil at end-2024
Jovi Ho - At US$930 billion ($1.18 billion) in size, the market for sukuk — the Islamic world's answer to bonds — is becoming harder for mainstream investors to ignore, according to Morningstar. Funds investing in sukuk — Islamic securities that mimic bonds in their cash flow and risk characteristi ...
1 day ago
Oracle inks cloud deal worth US$30 billion a year
That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business
1 day ago
Exclusive-Circle applies for US trust bank license after bumper IPO
Stablecoin firm Circle is applying to create a national trust bank in the U.S., a major move after its blockbuster IPO valued the company at nearly $18 billion earlier this month. If the charter is granted by the U.S. Office of the Comptroller of the Currency, it would enable Circle to act as a cus ...
1 day ago
Apple weighs using Anthropic or OpenAI to power Siri in major reversal, Bloomberg News reports
Apple is weighing using artificial intelligence technology from Anthropic or OpenAI to power a new version of Siri, instead of its own in-house models, Bloomberg News reported on Monday. The iPhone maker has had discussions with both companies about using their large language models for Siri, askin ...
1 day ago
Apple loses bid to dismiss US smartphone monopoly case
Apple must face the U.S. Department of Justice's lawsuit accusing the iPhone maker of unlawfully dominating the U.S. smartphone market, a judge ruled on Monday.U.S. District Judge Julien Neals in Newark, New Jersey, denied Apple's motion to dismiss the lawsuit accusing the company of using ...
1 day ago
Trump blames AT&T for tech issues in a call, AT&T says its network did not cause disruption
WASHINGTON :U.S. President Donald Trump on Monday blamed AT&T for technical issues in a conference call he held with American faith leaders but the wireless carrier said its analysis showed the disruption was not caused by its network.Trump urged the wireless carrier's boss to handle the si ...
1 day ago
Trump blames AT&T for tech issues in a call with faith leaders
WASHINGTON :U.S. President Donald Trump said on Monday a conference call he had with American faith leaders faced tech issues for which he blamed AT&T while urging the wireless carrier's boss to get involved in handling the situation.The president also said his administration may use anothe ...
1 day ago
US Senate debates whether to adopt revised state AI regulation ban
WASHINGTON :Two key U.S. Republican senators agreed to a revised federal moratorium on state regulation of artificial intelligence to five years and allow states to adopt rules on child online safety and protecting artists' image or likeliness.Senate Commerce Committee chair Ted Cruz originally ...
1 day ago
Oil prices fall on easing Middle East risks
HOUSTON :Oil prices fell on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August. Brent crude futures were down 13 cents, or 0.2 per cent, to $67.64 a barrel at 1:10 p.m. EDT (1710 GMT), ahead of the August contract's expiry later on Monday. The mo ...
1 day ago
Oil prices slip on easing Middle East risks
HOUSTON :Oil prices slipped on Monday as investors weighed easing Middle East risk alongside a possible OPEC+ output increase in August and uncertainty over the global demand outlook.Brent crude futures edged down by 19 cents, or 0.3 per cent, to $67.58 a barrel at 10:01 a.m. EDT (1501 GMT), ahead o ...
1 day ago
Japan's Dai-ichi Life could double investment target to at least $4 billion
TOKYO :Japan's Dai-ichi Life could double its strategic investment target to at least 600 billion yen ($4.17 billion) in its next medium-term management plan, the life insurer's CEO said, as the company looks to expand internationally.Dai-ichi expects to accelerate its overseas investments ...
1 day ago
Trump complains about US-Japan trade talks as Bessent warns of higher tariffs
WASHINGTON :President Donald Trump expressed frustration with U.S.-Japan trade negotiations on Monday as Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs as a July 9 deadline approaches despite good-faith negotiations.Trump wrote in a social media po ...
1 day ago
US Treasury's Bessent warns countries face higher tariff rates after July 9 deadline
WASHINGTON :U.S. Treasury Secretary Scott Bessent said warned on Monday that countries could still face sharply higher tariffs on July 9 even if they are negotiating in good faith, adding that any potential extensions will be up to President Donald Trump.Bessent, who earlier floated the idea of nego ...
1 day ago
Meta, TikTok can be sued by mother of NYC teen killed while 'subway surfing'
NEW YORK :Meta Platforms and TikTok owner ByteDance must face a wrongful death lawsuit by the mother of a 15-year-old Manhattan boy who died while "subway surfing" on a moving train, a New York state judge ruled.Justice Paul Goetz ruled on Friday that Norma Nazario can try to prove Meta an ...
1 day ago
Lesson from eFishery’s fraud: A wake-up call for Indonesia’s startup ecosystem
This scandal underscores that good governance and transparency are essential – not optional – for country’s startup ecosystem, and key reforms are...
1 day ago
Google is betting on a fusion future in power deal with Commonwealth
Dina Bass and Will Wade / Bloomberg - Alphabet Inc.’s Google has agreed to purchase 200 megawatts of power from Commonwealth Fusion Systems’ planned first commercial plant, which is expected to begin delivering electricity to the grid in the early 2030s. Google is also making a second investment in Commonwealth, a leading contender ...
1 day ago
New World closes record US$11.2 bil loan refinancing deal
Apple Ka Ying Li and Pearl Liu / Bloomberg - Distressed Hong Kong builder New World Development Co. has closed a HK$88.2 billion ($11.2 billion) loan refinancing deal, formally concluding months of negotiations with banks for the largest-ever such borrowing in the city. The company successfully refinanced certain of its existing offshore unsec ...
1 day ago
New World closes record US$11.2 billion loan refinancing deal
Apple Ka Ying Li and Pearl Liu / Bloomberg - Distressed Hong Kong builder New World Development Co. has closed a HK$88.2 billion ($11.2 billion) loan refinancing deal, formally concluding months of negotiations with banks for the largest-ever such borrowing in the city. The company successfully refinanced certain of its existing offshore unsec ...
1 day ago
Boeing’s US$4.7 billion Spirit deal faces UK antitrust probe
The probe will determine if the deal raises the risk of substantial lessening of competition in the UK
1 day ago
Millennium Hotels and Resorts ties up with German hotelier Maritim in cross-brand loyalty deal
Renald Yeo - As part of the tie-up, both companies will jointly participate in major trade shows and roadshows
1 day ago
Siemens recruits artificial intelligence expert from Amazon
ZURICH :Siemens has recruited Amazon executive Vasi Philomin to its new position of head of data and artificial intelligence, the German technology company said on Monday.The move is the latest step by Siemens as it seeks to develop AI products and applications like its Industrial Copilot.Siemens ha ...
1 day ago
US: S&P 500, Nasdaq open at record levels on trade talk hopes; set for strong quarter
[NEW YORK] The S&P 500 and Nasdaq opened at fresh record highs on Monday (Jun 30), as optimism over the United States...
1 day ago
Former 1880 club to reopen in August; current memberships can be transferred without joining fee
Corinne Kerk - Almost all the staff members of the now-defunct club will return to run the business, which will most likely operate under a...
1 day ago
Creative Technology CEO Freddy Sim to step down for health reasons; Tan Jok Tin will serve as interim CEO
Renald Yeo - The board will conduct a search for a new CEO
1 day ago
Freddy Sim to step down as Creative CEO for health reasons; Tan Jok Tin to serve as interim CEO
Renald Yeo - The board will conduct a search for a new CEO
1 day ago
NTT seeks up to US$864 million in data centre Reit's Singapore IPO
[SYDNEY/SINGAPORE] Japanese telecom giant NTT is seeking to raise roughly US$864 million in a Singapore IPO for a data centre Reit if...
1 day ago
Google strikes deal to buy fusion power from MIT spinoff Commonwealth
WASHINGTON :Alphabet's Google said on Monday it has struck a deal to buy power from a project in Virginia fueled by fusion, the reaction that powers the sun and the stars but is not yet commercial on Earth.Google signed what it called the technology's first direct corporate power purchase ...
1 day ago
Ignoring a US$7 trillion financial disaster won’t make it go away
Climate change is already twice as painful economically as the Great Depression, and the time left to act is running out
1 day ago
Hong Kong's New World Development gets US$11.24 billion refinancing
Hong Kong builder New World Development said on Monday (Jun 30) it had received commitments for a HK$88.2 billion (US$11.24 billion) loan refinancing, as the builder finalises a crucial lifeline in a distressed property market. New World's refinancing, poised to be one of the largest ever seen ...
1 day ago
China urges Canada to ‘correct wrongdoing’ over Hikvision shutdown
[BEIJING] China’s commerce ministry on Monday (Jun 30) urged Canada to “immediately correct its wrongdoings” after Ottawa ordered the Chinese surveillance camera...
1 day ago
US-based I Squared Capital dumps plans to make separate offer for Hong Kong’s HKBN
[HONG KONG] US-based infrastructure investment firm I Squared Capital has withdrawn plans to make a takeover offer for Hong Kong’s HKBN, the...