3 days ago
YouTube reaches agreement with Fox to prevent disruption
YouTube said on Thursday it has reached an agreement with Fox that will keep Fox News, Fox Sports and other Fox channels available to YouTube TV subscribers.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
AIMS APAC REIT to acquire Framework Building for $56.65 mil
The Edge Singapore - AIMS APAC REIT plans to acquire Framework Building for $56.65 million, which includes a $10.9 million land premium to be paid to JTC Corporation. The property, at 2 Aljunied Avenue 1, is expected to give an initial net property income yield of 8.1%, which will translate into a 2.5% DPU accretion bas ...
3 days ago
AIMS APAC REIT to acquire Framework Building for $56.65 million
The Edge Singapore - AIMS APAC REIT plans to acquire Framework Building for $56.65 million, which includes a $10.9 million land premium to be paid to JTC Corporation. The property, at 2 Aljunied Avenue 1, is expected to give an initial net property income yield of 8.1%, which will translate into a 2.5% DPU accretion bas ...
3 days ago
Stocks to watch: Olam, GuocoLand, Civmec, mm2 Asia, Aims Apac Reit, Shangri-La Asia
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 29):
3 days ago
Shangri-La Asia H1 net profit down 38.7% at US$57.9 million amid higher revenue
Therese Soh - The board declares an interim dividend of HK$0.05 per ordinary share, unchanged from H1 2024
3 days ago
Japan July factory output falls more than expected, retail sales disappoint
TOKYO :Japan's factory output fell 1.6 per cent in July from the previous month, worse than a median market forecast for a 1.0 per cent fall, government data showed on Friday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to grow 2.8 per ...
3 days ago
Correction
In our article (Aug 22), we had said that Lee Kim Tah (LKT) is planning to file criminal complaints as it could...
3 days ago
End of US low-value package tariff exemption is permanent, Trump officials say
[WASHINGTON] The US tariff exemption for package shipments valued under US$800 ends permanently on Friday, with a six-month transition period under which...
3 days ago
Federal Reserve’s Waller sees rate cuts over next 3-6 months, starting in September
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would support an...
3 days ago
BT marks 60 years of charting Singapore’s growth
Goh Ruoxue - At the heart of the Republic’s economic miracle is a vibrant business community of local firms and multinationals that have made this...
3 days ago
Oil settles higher as traders await Trump’s statement on Russia-Ukraine
[NEW YORK] Oil prices settled higher on Thursday, bouncing off early losses after the White House said US President Donald Trump was not happy...
3 days ago
SentinelOne raises annual revenue forecast on strong cybersecurity demand
SentinelOne raised annual revenue forecast on Thursday, a sign of growing demand for the company's cybersecurity tools, sending its shares surging around 9 per cent in extended trading.The company's artificial intelligence-powered Singularity platform ingests and analyzes security data in ...
3 days ago
Europe: Stoxx 600 closes lower; investors assess Pernod Ricard, Nvidia earnings
EUROPE’S Stoxx 600 closed lower on Thursday, dragged down by healthcare stocks, while investors assessed earnings from Pernod Ricard and AI chip...
3 days ago
Internet forum 4chan sues UK regulator in US over free speech
LONDON :U.S. internet forums 4chan and Kiwi Farms have filed a legal case in the United States against Britain's media regulator Ofcom, saying its enforcement of the country's online safety law violated Americans' right to freedom of speech.The suit escalates a clash between tech grou ...
3 days ago
US: Stocks advance as Dow Jones, S&P 500 hit fresh records
[NEW YORK] Two of Wall Street’s major indexes closed on Thursday at record highs, buoyed by an upward revision to second-quarter US...
3 days ago
Commentary: China gets closer to finding its own Nvidia
Chipmaker Cambricon’s success shows how to foster future national champions, says Shuli Ren for Bloomberg Opinion.
3 days ago
AI serves up 3D tennis and chatty commentary in US Open first
NEW YORK :Tennis fans at this year's U.S Open can now watch the world's top players battle it out in 3D cartoon form while chatting with an AI commentator that has been trained to bite its digital tongue when things get heated.The tournament has introduced technology that transforms real m ...
3 days ago
Applied Materials CFO says government-backed foundry moves to not change forecast
Applied Materials CFO Brice Hill said on Thursday recent news at chipmakers' foundry units including Intel will not change its forecast for high-end chipmaking tools demand.The U.S. government's move to take about 10 per cent equity stake in Intel, which is a customer of Applied Materials, ...
3 days ago
Chipmaker Marvell's weak data center forecast prompts AI investors to dump its stock
Chipmaker Marvell Technology forecast quarterly revenue below market estimates on Thursday, disappointing investors who are accustomed to strong results from artificial intelligence-facing firms and sending its shares down 12 per cent after hours.Shares of the company — which designs custom chips ...
3 days ago
Chipmaker Marvell forecasts downbeat quarterly revenue, shares fall
Chipmaker Marvell Technology forecast third-quarter revenue below Wall Street estimates on Thursday, as economic uncertainty and tariff concerns weighed on customer spending and overall demand.Shares of the company, which manufactures custom chips to power AI workloads, fell over 8 per cent in exten ...
3 days ago
Dell lifts annual forecasts on AI server sales boom
Dell Technologies raised annual revenue and profit forecasts on Thursday, buoyed by demand for its artificial intelligence-optimized servers that are powered by Nvidia's advanced chips.Rising demand for AI servers, capable of handling computational needs of AI workloads, including training larg ...
3 days ago
US FTC chair alleges Gmail uses 'partisan filtering'
WASHINGTON :U.S. Federal Trade Commission Chairman Andrew Ferguson alleged that Gmail uses what the FTC calls "partisan filtering" and raised the issue in a letter to the CEO of Google parent company Alphabet's, Sundar Pichai, the regulator said on Thursday."My understanding from ...
3 days ago
FTC chair alleges partisan filtering by Gmail; Google says spam filters not ideological
WASHINGTON :U.S. Federal Trade Commission Chairman Andrew Ferguson alleged that Gmail uses what the FTC calls partisan filtering and raised the issue in a letter to Sundar Pichai, the CEO of Google parent company Alphabet, the regulator said on Thursday."My understanding from recent reporting i ...
3 days ago
Musk's xAI forays into agentic coding with new model
Elon Musk's artificial intelligence startup, xAI, on Thursday released a new "speedy and economical" agentic coding model, marking its entry into a key focus area for AI companies.An agentic coding tool is an AI-powered software application that can autonomously perform coding-related ...
3 days ago
White House says US deal with Intel 'still being ironed out'
WASHINGTON :The deal that struggling chipmaker Intel struck with President Donald Trump to give the U.S. government a 10 per cent stake in the company is still under discussion, the White House said on Thursday.White House press secretary Karoline Leavitt told reporters the deal was a "creative ...
3 days ago
Meta's Zuckerberg pressed Trump on digital taxes before tariff threat, Bloomberg News reports
Meta Platforms CEO Mark Zuckerberg had visited U.S. President Donald Trump last week to discuss the threat of digital service taxes, Bloomberg News reported on Thursday, citing people familiar with the private meeting.Days after the meeting, Trump threatened countries that have digital taxes with &q ...
3 days ago
Telecom issue halted arriving flights at Newark airport, FAA says
A telecom frequency outage prompted the Federal Aviation Administration Thursday to halt arriving flights at Newark Liberty International Airport for more than an hour, the latest tech issue to snarl flights at the airport near New York City.Flightradar24, a flight tracking site, said flights to New ...
3 days ago
Nippon Steel bets on $11 billion investment, tech transfer to lift US Steel profit
TOKYO :Japan's Nippon Steel plans to increase profit at U.S. Steel through an $11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior executive said.Nippon Steel's $14.9-billion acquisitio ...
3 days ago
CD Projekt first-half net profit falls 9%
Poland's biggest game developer CD Projekt on Thursday reported an 8.9 per cent fall in half-year net profit compared with the previous year due to higher selling costs and paying more tax.BY THE NUMBERSIts net profit was 155.0 million zlotys ($42.6 million), beating analysts' expectations ...
3 days ago
Intel received the $5.7 billion under Trump investment deal on Wednesday night, CFO says
Intel received the $5.7 billion in cash on Wednesday night as part of the deal U.S. President Donald Trump negotiated for a 10 per cent stake in the struggling chipmaker, finance chief David Zinsner said at an investor conference on Thursday.The stake in Intel announced by the U.S. government last w ...
3 days ago
Intel says it received US grant; government says it is still working on deal
Intel received the $5.7 billion in cash on Wednesday night as part of the deal U.S. President Donald Trump negotiated for a 10 per cent stake in the struggling chipmaker, finance chief David Zinsner said at an investor conference on Thursday.The stake in Intel announced by the U.S. government last w ...
3 days ago
Intel has received the $5.7 billion under Trump investment deal, CFO says
Intel received the $5.7 billion in cash on Wednesday night as part of the deal U.S. President Donald Trump negotiated for a 10 per cent stake in the struggling chipmaker, finance chief David Zinsner said at an investor conference on Thursday.The stake in Intel announced by the U.S. government last w ...
3 days ago
GuocoLand’s H2 net profit falls 48% as China losses offset Singapore growth
Goh Ruoxue - This is despite a 20.3% increase in revenue
3 days ago
NBCUniversal, Amazon strike deal to bring Peacock to Prime Video Channels
LOS ANGELES :Comcast-owned NBCUniversal, and Amazon have reached a deal to bring the ad-free version of Peacock to Prime Video Channels, the first time the streaming service has been offered as part of the online retailer's package of digital channels. The Prime Video Channels deal is one el ...