21 hours ago
SMBC adds to securitised products team as part of global push
The bank is establishing a second headquarters in Charlotte, North Carolina, with plans to hire about 2,000 people
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
US and Iran launch new attacks as they wrestle for control of Hormuz strait
Several merchant ships in the Gulf reported explosions or fires; UAE oil port ablaze after Iranian strike
21 hours ago
Blaze on South Korean vessel in Hormuz extinguished; Trump says Iran fired at the ship
Other commercial vessels reported to have been hit; UAE oil port ablaze after Iranian strike
22 hours ago
Westpac profit misses estimates as CEO flags Middle East risks
Australia’s biggest lenders are getting a boost from higher interest rates
22 hours ago
Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposed
WASHINGTON/NEW YORK, May 4 : Elon Musk settled the U.S. Securities and Exchange Commission's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X.A trust in Musk's name will pay a $1.5 million civil ...
22 hours ago
US stocks: S&P 500 falls from record high on Middle East worries
Teheran said it forced a US warship to turn back after it attempted to enter the strait
22 hours ago
Oil eases on signs US is loosening Iranian closure of Strait of Hormuz
May 5 : Oil prices eased on Tuesday after climbing by as much as 6 per cent in the previous session on signs the U.S. Navy is loosening Iran's closure of the key Strait of Hormuz waterway, potentially opening up supply from the key Middle East producing area.The U.S. on Monday launched a new op ...
22 hours ago
US crude eases more than 1%, traders weigh supply risks
May 5 : U.S. crude eased more than 1 per cent on Tuesday as the market weighed the impact of Iranian attacks on ships in the Strait of Hormuz and news that a U.S.-flagged ship operated by Maersk had transited the strait accompanied by U.S. military.U.S. West Texas Intermediate was at $104.88 a barre ...
22 hours ago
US crude eases 1% as traders weigh supply risks
May 5 : U.S. crude futures eased 1 per cent in early Asian trade on Tuesday as the market gauged the impact of Iranian attacks on ships in the Strait of Hormuz and a fire at a UAE oil port.U.S. West Texas Intermediate was at $105.36 a barrel, down $1.06, or 1 per cent, by 2203 GMT, following a more ...
22 hours ago
Commentary: China’s blocking of Manus-Meta deal might not send the message it intended
China’s move to undo Meta’s acquisition of Manus was not surprising, but the lack of public criticism was, says Chong Ja Ian from the National University of Singapore.
22 hours ago
Oil eases on signs US is loosening Iran’s Strait of Hormuz blockade
Iran launched attacks in the Gulf on May 4 to counter the US move
22 hours ago
Oil prices jump 6% as Iran sets UAE oil port ablaze, strikes vessels in Strait of Hormuz
Iran may have attacked four ships in the Gulf region over the past 24 hours
22 hours ago
Oil eases on signs US operation is loosening Iran’s Strait of Hormuz blockade
Iran launched attacks in the Gulf on May 4 to counter the US move
22 hours ago
Intel appoints Qualcomm executive to lead PC and physical AI business
May 4 : Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. The new role for Katouzian includes the company's crucial PC business, which has been one of the mainstays of Intel's revenue and profit for decades. Katouz ...
22 hours ago
European shares drop as Middle East continues to hit sentiment
Most sectors on the benchmark Stoxx ended lower on a day when a South Korean ship was hit by an explosion in...
23 hours ago
Chipmaker Onsemi forecasts quarterly revenue above estimates on resilient auto demand
May 4 : Onsemi forecast second-quarter revenue above Wall Street expectations on Monday, betting on resilient demand for its chips as the automotive industry recovers. The forecast underscores the rebound in demand for Onsemi's silicon carbide chips that are critical for extending the range of ...
23 hours ago
Trading Day: The oil, bonds tango
ORLANDO, Florida, May 4 : Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping, pushing U.S. Treasury yields higher and dragging stocks lower. In my column today, I look at U.S. inflation and why consumers, b ...
24 hours ago
Global finance leaders flag shifting capital flows, AI impact at Milken
May 4 : Top global investors and executives gathered at the Milken Institute Global Conference in Beverly Hills on Monday to discuss geopolitical tensions, private credit risks and opportunities, shifting capital flows and the economic impact of artificial intelligence.Here is what they had to say:J ...
24 hours ago
Lattice Semiconductor to buy software firm AMI in $1.65 billion deal
May 4 : Lattice Semiconductor will acquire AMI in a $1.65 billion deal, it said on Monday, as the chipmaker looks to expand into the software and artificial intelligence management space."AMI's expertise in firmware and infrastructure for cloud and AI is a natural extension of our portfoli ...
24 hours ago
Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million penalty imposed
WASHINGTON/NEW YORK, May 4 : Elon Musk settled the U.S. Securities and Exchange Commission's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X.A trust in Musk's name will pay a $1.5 million civil ...
24 hours ago
Elon Musk settles SEC lawsuit over Twitter disclosures; trust will pay $1.5 million penalty
May 4 : Elon Musk settled the U.S. Securities and Exchange Commission's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X.A trust in Musk's name will pay a $1.5 million civil penalty, without admi ...
24 hours ago
Pinterest forecasts upbeat quarterly revenue on resilient ad spending, shares surge
May 4 : Pinterest forecast second-quarter revenue above analysts' estimates on Monday, betting on steadily growing spending by advertisers, sending the image-sharing platform's shares 15 per cent higher in extended trading.The company has been ramping up investments in artificial intellige ...
24 hours ago
Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending
May 4 : Pinterest forecast second-quarter revenue above analysts' estimates on Monday, helped by steady spending from advertisers as the image-sharing platform sharpens its ad offerings with deeper artificial intelligence integration. Shares of the California-based company jumped 16 per cent in ...
1 day ago
Palantir lifts annual revenue forecast on robust US government demand
May 4 : Palantir Technologies raised its annual revenue forecast and beat estimates for quarterly results on Monday, a sign of growing demand for its data analytics software from the U.S. government and commercial clients.The rising adoption of artificial intelligence tools in modern warfare has boo ...
1 day ago
Palantir raises annual revenue forecast on strong US government demand
May 4 : Palantir Technologies raised its annual revenue forecast on Monday and beat estimates for quarterly results, a sign of rising demand for its data analytics software from the U.S. government and commercial clients.The growing use of artificial intelligence tools in modern warfare has boosted ...
1 day ago
Palantir tops first-quarter revenue estimates on strong US government demand
May 4 : Palantir Technologies beat Wall Street estimates for first-quarter revenue on Monday, driven by rising demand for its data analytics software from the U.S. government and commercial clients.The company reported revenue of $1.63 billion for the quarter ended March 31, beating analysts' a ...
1 day ago
Duolingo's growth outlook moderates as it prioritizes engagement over monetization
May 4 : Duolingo posted strong first-quarter results but signaled a more measured growth trajectory ahead, as the language-learning app prioritizes user engagement and product improvements over near-term monetization.Shares of the Pittsburgh-based company slumped 11 per cent in volatile extended tra ...
1 day ago
White house considers vetting AI Models before they are released, NYT reports
May 4 : U.S. President Donald Trump is considering the introduction of government oversight over new models of artificial intelligence, the New York Times reported on Monday, citing officials briefed on the deliberations. The U.S. government is discussing an executive order to create an A.I. working ...
1 day ago
European Commission is in contact with Anthropic on Mythos, Dombrovskis says
BRUSSELS, May 4 : The European Commission is in contact with Anthropic regarding Mythos and is assessing its possible implications, European Economic Commissioner Valdis Dombrovskis told reporters on Monday."The commission representatives met with Anthropic and was briefed on technical detai ...
1 day ago
DBS upgrades SIA Engineering Co to ‘buy’ on improved risk-reward; lowers target price
Felicia Tan - DBS Group Research analyst Jason Sum has upgraded SIA Engineering Co (SIAEC) to “buy” as he deems the stock to be worth buying at this point. “After the 15% correction since our downgrade in January, valuations at -1 s.d. (standard deviations) and resilient aftermarket-driven earnings support ...
1 day ago
Atmosphere detected on celestial body in solar system's far reaches
WASHINGTON, May 4 : In the far reaches of our solar system - beyond the outermost planet Neptune - resides a host of icy and desolate celestial bodies. Among these objects, only the dwarf planet Pluto was known to possess an atmosphere - until now.Astronomers have identified another object from this ...
1 day ago
US stocks: S&P 500, Dow tick lower as Middle East tensions unsettle investors
THE benchmark S&P 500 and the blue-chip Dow edged down on Monday (May 4) as investors weighed heightened anxiety over the Middle...
1 day ago
Dollar higher as US-Iran conflict keeps risk appetite muted
NEW YORK, May 4 : The U.S. dollar rose against the euro as the conflict in the Middle East kept investors skittish and the yen briefly strengthened prompting renewed speculation about intervention by Japanese authorities.The dollar index, which measures the U.S. currency's strength against a ba ...
1 day ago
Dollar edges up as US-Iran conflict keeps risk appetite in check
NEW YORK, May 4 : The U.S. dollar edged up against the euro as the conflict in the Middle East kept investors skittish and the yen briefly strengthened prompting renewed speculation about intervention by Japanese authorities.The dollar index, which measures the U.S. currency's strength against ...