1 day ago
How war in the Middle East paralysed an Asian food giant
The scarcity of fuel and fertiliser is affecting production in Vietnam’s Mekong River Delta
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
India mulls payment lags, checks for senior citizens as digital fraud rises, RBI paper shows
April 9 : India's central bank is planning to introduce delays in high-value digital transactions and extra checks for payments made by senior citizens as part of broader measures to curb a surge in online fraud, a discussion paper released on Thursday showed.The suggestions come as digital pay ...
1 day ago
India's central bank mulls delay for some digital payments to curb fraud
April 9 : India's central bank on Wednesday suggested introducing a delay for certain digital payments above a threshold as part of measures to curb rising fraud, and sought stakeholder feedback on the proposals in a discussion paper.The Reserve Bank of India outlined four possible safeguards, ...
1 day ago
OpenAI pauses UK data centre project over regulation, costs
LONDON, April 9 : ChatGPT-maker OpenAI is pausing its main data centre project in Britain over an unfavourable regulatory environment and high energy costs, dealing a blow to the UK government's push to position the country as a global AI hub.Microsoft-backed OpenAI, which has emerged as a lead ...
1 day ago
Wall St opens muted over fragile Mideast truce
[NEW YORK] Wall Street’s main indexes opened muted on Thursday (Apr 9) after rallying in the previous session, as cracks emerged in...
1 day ago
Mercedes Q1 sales down in tough ‘transition year’ for China business
The German marque faces a cut-throat price war with Chinese brands in the premium segment
1 day ago
SiFive raises $400 million from Atreides, Nvidia for data-center chip technology
SAN FRANCISCO, April 9 : Silicon Valley startup SiFive said on Thursday it has raised a $400 million round of funding from Atreides Management, Nvidia and others to enter the booming market for data-center central processor chips.The round brings SiFive's valuation to $3.65 billion, and CEO Pat ...
1 day ago
Intel and Google to double down on AI CPUs with expanded partnership
April 9 : Intel and Google have expanded their partnership to advance the use of artificial intelligence-focused central processing units and to develop custom infrastructure processors, as shifting use of AI drives renewed demand for traditional computing chips.Companies are increasingly moving awa ...
1 day ago
CDL sets up S$2 billion multicurrency perpetual securities issuance programme
Chong Xin Wei - The net proceeds will be used to finance general working capital and corporate funding, and refinance existing borrowings
1 day ago
Samsung Electronics mulls investment in chip testing and packaging facilities in Vietnam
1 day ago
Samsung Electronics eyes investment in chip packaging plant in Vietnam
1 day ago
Japan watchdog checks banks' private credit exposure amid global strains, source says
TOKYO, April 9 : Japan's financial regulator has been conducting checks on private credit exposure at major financial institutions, a source told Reuters on Thursday, as concerns mount over strains in the $2 trillion global private credit industry.The Financial Services Agency (FSA) is examinin ...
1 day ago
Oil prices jump back up near US$100 a barrel on scepticism over fragile US-Iran ceasefire
There was scant sign that the Strait of Hormuz was open in any meaningful way, with Iran flexing its control over the vital oil artery and demanding tolls for safe passage.
1 day ago
US stocks extend gains, shrugging off ceasefire worries
There was little sign the Strait of Hormuz had reopened in any meaningful way, with traffic remaining extremely limited despite the ceasefire.
1 day ago
India's TCS tops estimates, says new AI models did not dent services demand
BENGALURU, April 9 : Tata Consultancy Services reported better-than-expected quarterly results on Thursday and said that new artificial intelligence models and tools in the market did not hurt demand for its offerings.The comments from India's top software-services exporter offered some relief ...
1 day ago
India's TCS beats fourth quarter view as North America holds up
BENGALURU, April 9 : India's top software services exporter Tata Consultancy Services beat profit and revenue estimates for the fourth quarter on Thursday, helped by strength in its North American market and a falling domestic currency.Sales for the quarter rose 9.7 per cent to 706.98 billion r ...
1 day ago
Reviving heritage buildings with digital technologies
Priya Devan / The Edge Malaysia - Upon exiting the Westminster Underground Station in London, one is greeted by the majestic sight of Big Ben set against the backdrop of the Palace of Westminster. This writer stood transfixed for several minutes, wondering how centuries-old buildings could appear aged, yet so fresh. Behind the rejuv ...
2 days ago
Robust trading across asset classes sends SGX securities turnover value up 78% on year in March
Chong Xin Wei - SGX says the growth in securities and derivative volumes comes from strong investor demand for risk management and investment tools from a...
2 days ago
Nvidia shares near level where technical traders see a breakout
Shares of the chip giant are up more than 10% in the past six sessions, their longest winning streak since October
2 days ago
Meta, CoreWeave deepen AI cloud partnership with fresh $21 billion deal
April 9 : CoreWeave has signed a fresh $21 billion deal to provide cloud computing capacity to Meta Platforms, deepening their partnership as the social media giant expands infrastructure to support rapidly increasing artificial intelligence workloads.The latest deal, which extends through December ...
2 days ago
CoreWeave signs $21 billion AI cloud deal with Meta
April 9 : CoreWeave said on Thursday it has entered into an expanded agreement to provide Meta Platforms with $21 billion in cloud capacity, as the social media giant scales its infrastructure to support increasingly complex AI workloads.Shares of CoreWeave rose nearly 8 per cent in premarket tradin ...
2 days ago
BlackBerry forecasts upbeat quarterly revenue, says turnaround complete
April 9 : BlackBerry on Thursday forecast first-quarter revenue above estimates, as the Canadian software company's turnaround gains traction on the back of strong demand across its cybersecurity and embedded software divisions.The company, once a dominant force in smartphones, has over recent ...
2 days ago
Uniqlo’s owner boosts profit outlook as overseas sales expand
It now sees operating income of 700 billion yen (S$5.61 billion), compared with its previous guidance of 650 billion yen
2 days ago
Oceanus Group inks MOU with HashKey Group to use regulated stablecoin settlement infrastructure in trade finance
The Edge Singapore - Oceanus Group has signed an MOU with HashKey Group to use regulated stablecoin settlement infrastructure in trade finance. The partnership will tap on Oceanus's trade finance platform, with HashKey's regulated settlement rails, creating a first of its kind "operating system" for ...
2 days ago
Fair winds and favourable seas buoy Seatrium
Goola Warden - As countries accelerate their pivot to renewable energy sources amid rising oil prices, Seatrium looks set to become a key player Seatrium could turn out to be a major beneficiary of the Iran War and its aftermath, as major economies in Europe, China and the US accelerate their pivot to renewables. ...
2 days ago
Wind power and converter platforms
Goola Warden - On March 30, Siemens announced it was awarded a GBP3 billion ($5.09 billion) contract by National Grid and Iberdrola for Eastern Green Link 4 (EGL4) converter stations. EGL4, along with EGL3, is a high-voltage electricity link between Scotland and England that would integrate more offshore wind ener ...
2 days ago
Singapore stocks fall on Thursday, tracking regional decline; STI down 0.4%
Renald Yeo - Losses are led by the local banks, which all finished in the red
2 days ago
Amazon CEO reveals AI revenue, dismisses spending doubts in annual letter
April 9 : Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported numbers on a business it has backed with billions of dollars in investment.The figure, based on first-quarter perfo ...
2 days ago
Amazon cloud unit's annualized AI revenue exceeds $15 billion, CEO Jassy says
April 9 : Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported numbers on a business it has backed with billions of dollars in investment.The figure, based on first-quarter perfo ...
2 days ago
Amazon cloud unit's AI revenue run rate exceeds $15 billion, CEO says
April 9 : Amazon.com said on Thursday its cloud business's AI revenue run rate was more than $15 billion in the first quarter of 2026, the company's first disclosure of direct financial returns from its artificial intelligence efforts. The numbers are also "ascending rapidly", Am ...
2 days ago
Work+Store to expand as demand for space grows and evolves
Samantha Chiew - Post-Coliwoo listing, LHN Group is in a stronger position to allocate resources across its portfolio, including initiatives for its self-storage subsidiary Work+Store Space in Singapore is a rare commodity, whether in the residential or industrial sector. This scarcity has long driven demand for sto ...
2 days ago
Pentagon's ouster of Anthropic opens doors for small AI rivals
WASHINGTON, April 9 : Small defense industry artificial intelligence startups are suddenly fielding calls from generals, combatant commanders and deep-pocketed investors, after the souring relationship between the Pentagon and its once-favored AI vendor, Anthropic, reinforced the need to diversify a ...
2 days ago
SGX's daily average turnover value for shares in March hit highest level since Oct 2007
The Edge Singapore - SGX's securities market turnover for March jumped 78% y-o-y $52.8 billion, with securities daily average value (SDAV) up 62% y-o-y at $2.4 billion, or the highest since October 2007, thanks to both institutional and retail participation. For context, back when the market was in a slumber before ...
2 days ago
Work+Store faces off with big boys in self-storage and wine storage
Jovi Ho - LHN Group’s self-storage subsidiary Work+Store — the focus of City & Country’s cover story this week — is muscling into a competitive market in Singapore backed by investors with deep pockets. Even with seven facilities islandwide, totalling some 295,000 sq ft of net lettable area, Work+ ...