1 day ago
US Fed’s Goolsbee says inflation progress needed to cut rates this year, PBS reports
US inflation has been above target for five years now
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Openreach taps Google AI to speed fibre rollout, cut emissions
LONDON, March 25 : Openreach has expanded its partnership with Google Cloud to use artificial intelligence to speed up fibre broadband construction and cut emissions from one of Britain's largest commercial vehicle fleets, the BT-owned network operator said on Wednesday.Openreach, which runs th ...
1 day ago
Anduril, Palantir developing Golden Dome missile shield's software, source says
March 24 : Anduril and Palantir Technologies are working together to develop software for U.S. President Donald Trump's Golden Dome antimissile shield initiative, a source familiar with the matter said on Tuesday.The $185 billion Golden Dome missile defense project aims to build a space-based s ...
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US oil prices fall on prospect of Middle East ceasefire easing supply disruption
TOKYO, March 25 : U.S. crude futures fell about 4 per cent in early trade on Wednesday on the prospect of a possible ceasefire easing disruption to global oil supply, following reports that Washington had sent Tehran a 15-point plan to end the war in the Middle East.U.S. West Texas Intermediate (WTI ...
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Oil falls as reports of 15-point proposal spurs ceasefire hopes
LONDON, March 25 : Oil prices sank about 5 per cent on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire and despite Israel and Iran exchanging airstrikes.Brent crude futures was down $5.66, or 5.42 per ...
1 day ago
Oil falls on prospect of Middle East ceasefire easing supply disruption
March 25 : Oil prices sank about 4 per cent on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures fell $4.17, or 4 per cent, to $ ...
1 day ago
US sees 'possibility of diplomacy' with Iran as war costs rise
By Jennifer A. Dlouhy, Courtney Subramanian and Jen Judson / Bloomberg - President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations he has claimed are ongoing to end a 25-day conflict that’s upended global markets, even while he deploys more troops to the Middle East. Trump wouldn’t detail the gift, “worth a tremen ...
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SK Hynix files for US listing that source says could raise up to $14 billion
SEOUL, March 25 : South Korean chipmaker SK Hynix announced on Wednesday it made a confidential filing for a U.S. listing in 2026, which a source said could raise as much as $14 billion.SK Hynix plans to list about 2 per cent to 3 per cent of its total shares and hopes to use the funds to help finan ...
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SK Hynix files confidentiality for 2026 US listing
SEOUL, March 25 : South Korea's SK Hynix said on Wednesday it has submitted a confidential filing to the U.S. Securities and Exchange Commission for a possible listing of American depository receipts in 2026."While we aim to complete the listing within 2026, specific details - such as the ...
1 day ago
Meta ordered to pay US$375 million in New Mexico trial over child exploitation, user safety claims
The company has denied the allegations
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OpenClaw’s rapid rise exposes ‘shadow AI’ risks in Singapore firms
Young Zhan Heng - The tool’s intrusive nature makes it unsuitable for use at an enterprise level, industry experts say
1 day ago
Emergency extinguisher full or empty? Crunch time for Asean’s fuel pact
Anita Gabriel - This energy crisis will test whether the bloc’s emergency fuel-sharing pact is a gentleman’s agreement in disappearing ink
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Iran tells UN: ‘non-hostile’ ships can transit Strait of Hormuz
The war has all but halted shipments of about one-fifth of the world’s oil and LNG through the strait
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Arm to sell its own chips, eyeing sales goal of US$15 billion
Taiwan Semiconductor Manufacturing Company will produce the chips
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European stocks end choppy session higher as investors weigh Middle East risks
EUROPEAN shares settled higher after a choppy session on Tuesday, as investors weighed hopes of de-escalation in the Middle East war against...
1 day ago
Oil rises as supply disruption persists and Iran denies talks with US
[NEW YORK] Oil rallied on Tuesday as the biggest crude supply disruption persisted and Iran denied it held talks with the United States...
1 day ago
Oil prices drop on prospect of Middle East ceasefire easing supply disruption
[NEW YORK] Oil prices fell around 4 per cent on Wednesday on the prospect of a possible ceasefire easing supply disruptions from...
1 day ago
Global energy crisis deepens; efforts to plug supply gap fall short, industry executives warn
HOUSTON, March 24 : The global energy crisis is deepening as emergency measures by governments worldwide have fallen short of plugging the huge shortfall in oil and gas supply caused by the U.S.-Israeli war on Iran, executives and oil ministers said on Tuesday.Costs for energy, fertilizers and petro ...
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US stocks: Wall Street indexes fall on worries about Middle East war, interest rates
WALL Street indexes lost ground in Tuesday’s volatile session as investors swayed between fears of rising oil prices and hopes for a...
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Baltimore sues Elon Musk's xAI over Grok sexual 'deepfakes'
March 24 : The city of Baltimore sued Elon Musk’s xAI on Tuesday, claiming its Grok chatbot illegally generates nonconsensual sexually explicit images, including of children.Baltimore, with a population of about 568,000, is the largest city to sue xAI over "deepfakes" attributed to Grok, ...
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Singapore will stick to rules-based trade principles, even if unfavourable in short term: DPM Gan
Tessa Oh - He says negotiations with the US to secure a better trade deal are ongoing
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Don’t ditch long-term internationalisation strategy amid global uncertainty, DPM Gan urges Singapore firms
Tessa Oh - He is speaking ahead of a trip to Germany, where he will meet business associations and companies
1 day ago
Meta ordered to pay $375 million in New Mexico trial over child exploitation, user safety claims
March 24 : A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.The jury f ...
1 day ago
Jury orders Meta to pay $375 million in New Mexico lawsuit over child sexual exploitation, user safety
March 24 : A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.The jury f ...
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Meta ordered to pay US$375 million over child safety violations in landmark trial
A New Mexico jury determined Tuesday (Mar 24) that Meta knowingly harmed children’s mental health and concealed what it knew about child sexual exploitation on its social media platforms, a verdict that signals a changing tide against tech companies and the government's willingness to crack d ...
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GameStop posts 14% fall in quarterly revenue amid digital gaming shift
March 24 : GameStop reported a 14 per cent drop in fourth-quarter revenue on Tuesday, a sign that its struggling brick-and-mortar business continues to face immense pressure from the video game industry's shift to digital downloads and weaker consumer demand. Grapevine, Texas-based GameStop has ...
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OpenAI set to discontinue Sora video platform
March 24 : OpenAI is discontinuing its video generation tool Sora, according to a post on social media site X on Tuesday.Sora, launched as a standalone app in September 2025, lets users create and share AI videos that can be spun from copyrighted content and shared to social media-like streams.
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Arm unveils new AI chip, expects it to add billions in annual revenue
SAN FRANCISCO, March 24 : Arm Holdings announced a new artificial intelligence data center chip on Tuesday which it said will add billions of dollars of revenue and represent a significant shift in the company's strategy.The new chip, called the AGI CPU, will address data-crunching needed for a ...
1 day ago
Oil, stock trading spiked before Trump's Iran remarks: Media
“What stands out here isn't just the size of the trades, but the timing,” said Stephen Innes, analyst at SPI Asset Management.
1 day ago
Epic Games to cut more than 1,000 jobs as Fortnite usage falls
Chief Executive Tim Sweeney said the layoffs at Epic Games are due to declining engagement with Fortnite and are not related to AI.
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EU antitrust chief meets Google, Meta, OpenAI, Amazon CEOs amidst AI scrutiny
BRUSSELS, March 24 : EU antitrust chief Teresa Ribera, who has voiced concerns about Big Tech extending its dominance into artificial intelligence, will meet the CEOs of Alphabet, Meta Platforms and OpenAI on Tuesday, a European Commission agenda item shows.The first-time meetings with Sundar Pichai ...
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Microsoft to rent Texas data center dropped by Oracle and OpenAI, Bloomberg News reports
March 24 : Microsoft has agreed to rent a data center project in Texas that was originally being developed for Oracle and OpenAI, Bloomberg News reported on Tuesday, citing people familiar with the situation.The Abilene site, which accounts for roughly 700 megawatts of capacity, sits next to Oracle ...
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Fortnite maker Epic Games cuts about 1,000 jobs across company
The company will offer at least four months of severance to affected employees
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Mouse study shows repeated cloning causes grave genetic mutations
March 24 : Revealing the limitations of cloning, researchers who repeatedly cloned mice for two decades have discovered that such serial duplication triggers grave genetic mutations that accumulate over the generations and ultimately become fatal.A total of 1,206 cloned laboratory mice were generate ...