1 day ago
European stocks suffer biggest drop in months as Middle East tensions hit banks, travel
EUROPEAN stocks clocked their biggest one-day decline in three months on Monday, swept up in a global sell-off in risk assets as the...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
US stocks: Wall Street ends narrowly mixed, trading volatile after air strikes on Iran
US STOCKS ended close to flat on Monday after a volatile session that saw shares drop early following weekend US and Israeli air...
1 day ago
SoftBank-backed PayPay targets up to $13.4 billion valuation in US IPO
March 2 : SoftBank's PayPay is targeting a valuation of up to $13.4 billion in its U.S. initial public offering, pressing ahead despite volatile markets in what could be among the largest U.S. listings by a Japanese firm.The U.S. IPO market has started the year on shaky footing, with market swi ...
1 day ago
PayPay, backer aim to raise roughly $1.1 billion in US IPO
March 2 : PayPay and a selling shareholder are aiming to raise as much as $1.1 billion in an initial public offering in the United States, the SoftBank-backed Japanese payments app said on Monday.The Tokyo-based company and a selling shareholder plan to sell nearly 55 million American depositary sha ...
1 day ago
Elon Musk's X, xAI plan to repay $17.5 billion in debt in full, Bloomberg News reports
March 2 : Elon Musk's social media platform X and artificial intelligence startup xAI plan to repay in full about $17.5 billion in debt tied to the companies, Bloomberg News reported on Monday, citing people familiar with the matter.Morgan Stanley, which is managing the debt for both companies, ...
1 day ago
Elon Musk's xAI to repay $3 billion debt early, Bloomberg News reports
March 2 : Elon Musk's xAI plans to repay $3 billion of high-yield bonds early, Bloomberg News reported on Monday, citing people with knowledge of the matter.When a company pays back a loan ahead of schedule, it usually has to pay a penalty to investors, plus the interest the lenders were counti ...
1 day ago
Exclusive-SoftBank’s PayPay delays IPO roadshow launch, sources say, as Iran attack rattles markets
March 2 : SoftBank's PayPay has delayed its highly anticipated IPO roadshow that was scheduled to launch Monday as markets were rattled by this weekend's attack on Iran, according to two people familiar with the matter.The postponement, which has not been previously reported, comes after t ...
1 day ago
From OpenAI to Nvidia, firms channel billions into AI infrastructure as demand booms
(Corrects company name to Lumentum from Lumentun in subhead)March 2 : Nvidia will invest $2 billion each in photonic product makers Lumentum and Coherent to support the companies' research and development and manufacturing operations in the United States.Here is a list of multi-billion-dollar A ...
1 day ago
Euro, yen slide as Middle East conflict escalates
March 2 : The euro and yen fell on Monday as concerns about higher oil prices dented the currencies of countries most exposed to energy shortages, while the dollar also benefited from a safe-haven bid on concerns about conflict in the Middle East widening.The U.S. and Israeli air war against Iran wi ...
1 day ago
Euro and yen slide as Middle East conflict escalates
March 2 : The euro and yen fell on Monday as concerns about higher oil prices dented the currencies of countries most exposed to energy shortages, while the dollar also benefited from a safe-haven bid on concerns about conflict in the Middle East widening.The U.S.-Israeli air war against Iran expand ...
1 day ago
State Department switches to OpenAI chatbot as US agencies start phasing out Anthropic
WASHINGTON, March 2 : The U.S. Treasury Department, State Department and the federal housing agency are terminating all use of Anthropic products, with the State Department saying it will switch to rival OpenAI, after President Donald Trump ordered government agencies to dump Anthropic's techno ...
1 day ago
US Treasury, federal housing agency ending use of Anthropic products
March 2 : The U.S. Treasury Department and the federal housing agency are terminating all use of Anthropic products, including its Claude platform, in response to President Donald Trump's order to stop using the AI startup's technology.Trump on Friday directed the government to stop work w ...
1 day ago
State Department switches to OpenAI as US agencies start phasing out Anthropic
WASHINGTON, March 2 : Three more U.S. cabinet-level agencies, the departments of State, Treasury and Health and Human Services, moved to cease use of Anthropic's AI products on Monday, joining the Pentagon in switching to rivals such as OpenAI under a new White House directive.The federal gover ...
1 day ago
Manulife Investments introduces EQDP fund eyeing both income and growth with emphasis on local small and mid caps
The Edge Singapore - Manulife Investments, one of the nine managers allocated by the government to boost the local stock market, has announced the launch of the Manulife Singapore Opportunities Income Strategy. This fund, a Singapore-focused equity income and growth strategy, is introduced under the Monetary Authority o ...
1 day ago
Manulife unveils new equity income and growth strategy under EQDP
Shikhar Gupta - The portfolio is ‘constructed to balance income stability with capital appreciation’
1 day ago
Manulife launches new equity income and growth strategy under EQDP
Shikhar Gupta - The portfolio is ‘constructed to balance income stability with capital appreciation’
1 day ago
US Supreme Court declines to hear dispute over copyrights for AI-generated material
WASHINGTON, March 2 : The U.S. Supreme Court declined on Monday to take up the issue of whether art generated by artificial intelligence can be copyrighted under U.S. law, turning away a case involving a computer scientist from Missouri who was denied a copyright for a piece of visual art made by hi ...
1 day ago
Wall St opens lower on fears of protracted Middle East conflict
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Mar 2) as investors braced for a prolonged Middle East conflict that...
1 day ago
Paramount debt to hit $79 billion after Warner Bros deal, no plan to sell cable assets
March 2 : The Warner Bros-Paramount Skydance merger will create a combined entity that would have a net debt of about $79 billion, Paramount said on Monday, as it ruled out any plan to divest or spinoff the cable assets.This was disclosed by Paramount CEO David Ellison in a call with analysts after ...
1 day ago
Apple launches iPhone 17e at $599, boosts base storage to 256 gigabytes
March 2 : Apple on Monday launched iPhone 17e, its more affordable smartphone model that starts at a price of $599 with 256 gigabytes of storage, as it looks to defend its share in a fiercely competitive global handset market.The move comes as memory chip prices climb amid a global shortage, suggest ...
1 day ago
Ever Glory proposes one-for-four bonus share issue
The Edge Singapore - Mechanical engineering company Every Glory United Holdings plans to give out 1 bonus share for every four held. The mechanical and electrical engineering company says that the bonus issue is to "acknowledge and reward" shareholders, given how they will be receiving a lower cash dividend pe ...
1 day ago
Concord New Energy and Bridge Data Centres to develop barge-based hydrogen power generation solution for data centres
Lin Daoyi - To advance the adoption of low-carbon energy by the data centre sector, Singapore-headquartered firms, Concord New Energy (CNE) and Bridge Data Centres (BDC), are collaborating to develop the republic’s first barge-based hydrogen power generation solution for AI-ready data centres. Under an MoU si ...
1 day ago
Iran crisis puts Asia on alert for LNG scramble and US$100 oil
Sharanya Pillai - The region’s petrochemical refiners could also experience disruptions to feedstock supply; economic growth could take a hit
1 day ago
Iran crisis puts Asia on alert for LNG scramble and US$100 a barrel oil
Sharanya Pillai - The region’s petrochemical refiners could also experience disruptions to feedstock supply
1 day ago
Thomson Reuters names former Dell executive Bischoping as CFO
March 2 : Thomson Reuters on Monday named former Dell executive Gary E. Bischoping Jr. as its chief financial officer beginning May 8, succeeding Mike Eastwood, who will retire as part of a planned transition. Bischoping most recently served as partner at private equity firm Hellman & Friedman a ...
1 day ago
Deutsche Telekom partners with Starlink to expand mobile network coverage
FRANKFURT, March 2 : Deutsche Telekom said on Monday it was partnering with Elon Musk's Starlink to offer satellite-based direct connectivity in areas with poor mobile reception in Europe."In partnership with Starlink, Deutsche Telekom will bring mobile communications to areas where networ ...
1 day ago
Nvidia to invest $2 billion each in Lumentum, Coherent to bolster AI processors
March 2 : Nvidia will invest $2 billion each in photonic product makers Lumentum and Coherent , as it looks to bolster its data center chips with technology that can better cater to the growing need for faster AI processors. Shares of Lumentum and Coherent were up over 7 per cent in premarket tradin ...
1 day ago
Singapore PMI edges up to 50.6 in February, but Gulf conflict fuels oil uncertainty
Low Youjin - The Purchasing Managers’ Index for the electronics sector grows by 0.2 point to 51.3
1 day ago
Oil prices could breach US$100 barrier if supply disruptions persist: analysts
While markets recognise the seriousness of the Iran conflict, it’s a geopolitical shock and not a systemic crisis, they add
1 day ago
Amazon to invest additional US$21 billion in Spain for data centres and AI
The investment would support up to 30,000 jobs until 2035
1 day ago
Asia's jet fuel, diesel cash premiums hit multi-year highs on Mideast concerns
March 2 : Asia's jet fuel and diesel cash differentials soared to multi-year highs on Monday, as the markets priced in the risks of supply disruption from a widening conflict in the Middle East, multiple regional trade sources said. Jet fuel cash differentials ended the trading session at a pre ...
1 day ago
UMS buys out aluminium alloy products supplier
Tay Peck Gek - The deal is not expected to have a material impact on its FY2026 net tangible assets or earnings per share
2 days ago
Turkish ruling party proposes 10% crypto income tax, levy on service providers
ISTANBUL, March 2 : Turkey's ruling AK Party proposed on Monday adopting a tax on cryptocurrency income and a transaction levy on crypto asset service providers, in a draft law submitted to parliament."Platforms must apply a 10 per cent withholding tax on income and gains from crypto‑ass ...
2 days ago
Turkey's AK Party submits bill to introduce crypto income tax, levy on service providers
ISTANBUL, March 2 : Turkey's ruling AK Party on Monday submitted to parliament a draft law that would introduce a tax on cryptocurrency income and a transaction levy on crypto asset service providers.According to the draft text, gains from the buying and selling of crypto assets would be subjec ...