21 hours ago
Trump, Xi set for second day of talks in Beijing after Taiwan warning
The two leaders are scheduled to have tea and lunch before Trump flies back to the US
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
21 hours ago
Trump leaves Beijing with few wins but warm words for Xi
‘We’ve made some fantastic trade deals, great for both countries,’ says Trump
21 hours ago
Trump touts business wins at talks with Xi on second day of summit; China airs Iran concerns
‘We’ve made some fantastic trade deals, great for both countries,’ says Trump
22 hours ago
Oil rises more than 1% after Trump flags China’s interest in US supplies
Both Trump and Xi agreed the Strait of Hormuz must be open for the free flow of energy
22 hours ago
Oil ends flat as tanker crossings through Strait of Hormuz temper supply fears
Both Trump and Xi agreed the Strait of Hormuz must be open for the free flow of energy
22 hours ago
Wall Street ends higher on tech rally; investors eye Trump-Xi talks in Beijing
The Dow closed just 0.3 per cent shy of its all-time closing high reached on Feb 10
22 hours ago
European shares end at one-week highs on tech boost
Europe’s exposure to AI hardware firms pales in comparison with its US and Asian peers
23 hours ago
NASA's Psyche probe nears Mars for gravity boost en route to metal-rich asteroid
LOS ANGELES, May 14 : NASA's Psyche probe was headed for a close encounter with Mars on Friday and a planned gravity boost to set the spacecraft on its final course to the solar system's largest known metallic asteroid, thought to be the remnant core of an ancient protoplanet.The Psyche pr ...
23 hours ago
OpenAI brings Codex coding tool to ChatGPT mobile app
May 14 : OpenAI said on Thursday its coding tool Codex was being added to the ChatGPT mobile app, expanding access to the product as competition intensifies in the market for AI code-generation tools.Coding tools have become an important way for AI companies to reach business customers, with OpenAI ...
24 hours ago
Applied Materials sees quarterly revenue above estimates on sustained AI spending
May 14 : Applied Materials on Thursday forecast third-quarter revenue and adjusted profit above Wall Street estimates, betting that heavy spending on data centers and AI infrastructure will sustain strong demand for its chip-making tools.Shares of the Santa Clara, California-based company rose more ...
24 hours ago
Applied Materials sees upbeat quarterly revenue on sustained AI spending
May 14 : Applied Materials on Thursday forecast third-quarter revenue above Wall Street estimates, betting that heavy spending on data centers and AI infrastructure would sustain strong demand for its chip-making tools.Shares of the Santa Clara, California-based company rose 6 per cent in extended t ...
1 day ago
FCC approves Verizon's $1 billion spectrum purchase
WASHINGTON, May 14 : The Federal Communications Commission said Thursday it has approved Verizon's 2024 $1 billion deal to acquire some spectrum assets from U.S. Cellular to expand its network capacity and coverage.Last year after T-Mobile acquired most of U.S. Cellular's wireless operatio ...
1 day ago
OpenAI explores legal options against Apple, source says
May 14 : Apple's two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from its deal with the iPhone maker and preparing possible legal action, a person familiar with the matter said on Thursday.OpenAI wanted to resolve its issues wit ...
1 day ago
OpenAI explores legal options against Apple, Bloomberg News reports
May 14 : Apple's two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from the deal and now preparing possible legal action, Bloomberg News reported on Thursday.OpenAI lawyers are actively working with an outside legal firm on a rang ...
1 day ago
Blackstone data center vehicle makes muted debut after $1.75 billion IPO
May 14 : Shares of Blackstone's newly minted investment vehicle opened flat in their market debut on Thursday, after the company raised $1.75 billion in its U.S. initial public offering with plans to buy data center assets.New York-based Blackstone Digital Infrastructure Trust's stock open ...
1 day ago
Blackstone data center vehicle opens flat in New York debut after $1.75 billion IPO
May 14 : Shares of Blackstone Digital Infrastructure Trust opened flat in their New York Stock Exchange debut on Thursday, after the newly minted investment vehicle raised $1.75 billion in its U.S. initial public offering.The New York-based company's stock opened at $20 per share. It had sold 8 ...
1 day ago
Italy parents’ group faces Meta, TikTok in Milan court over minors’ social media use
ROME, May 14 : An Italian parents' group and a number of families faced off against Meta and TikTok on Thursday in the first hearing of a lawsuit that seeks to restrict minors' access to social media platforms.The hearing took place before Milan’s business court and concerns a class inju ...
1 day ago
Anthropic, Gates Foundation launch $200 million partnership for AI in health, education
SAN FRANCISCO, May 14 : Anthropic and the Gates Foundation have pledged $200 million to back artificial intelligence-related public goods and areas including health and education, they said on Thursday.Support from Anthropic's technical staff and usage credits for its Claude AI will account for ...
1 day ago
Musk's lawyer challenges Altman's credibility as OpenAI trial nears end
OAKLAND, California, May 14 : A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial at which Musk wants jurors to hold the ChatGPT maker and its leaders responsible for transforming the nonprofit into a vehicle to enrich themselves.Musk is s ...
1 day ago
Elon Musk's court battle against OpenAI enters homestretch
OAKLAND, California, May 14 : A trial that may shape the future of OpenAI enters its final stages on Thursday, as lawyers for Elon Musk try to convince a jury to hold the ChatGPT maker's leaders responsible for transforming the nonprofit into a vehicle to enrich themselves.Closing arguments are ...
1 day ago
Xi tells US CEOs on Trump visit that China will open up more
Trump’s trip was the first state visit by a sitting US president to China in nine years
1 day ago
Wall St opens higher as Nvidia gains; US-China talks, data in focus
[NEW YORK] Wall Street stock indexes opened higher on Thursday (May 14) as Nvidia’s shares jumped, while investors assessed economic data and...
1 day ago
ThaiBev H1 profit falls 3.2% to 14.2 billion baht on impairment loss
Deon Loke - An interim dividend of 0.15 baht per share is declared for the half-year
1 day ago
Thai Beverage's 1HFY2026 earnings lower on impairment
The Edge Singapore - Thai Beverage has reported earnings of 14.25 billion baht for its 1HFY2026 ended March, down 3.2% from the year earlier's 14.7 billion baht, as the company booked an impairment loss from discontinued operations. Net profit from normal business operations, meanwhile, was up 7.8% to 19.2 billion ...
1 day ago
Amazon’s AI success sends stock racing towards US$3 trillion club
The e-commerce giant has a market value of more than US$2.9 trillion after adding US$438 billion this year
1 day ago
China’s view on Elon Musk? Visionary, occasional villain
Musk said he wants to accomplish “many good things” in China
1 day ago
AirAsia X posts quarterly loss as fuel costs bite, withholds 2026 targets
The results mark the first reporting period following the completion of its acquisition of AirAsia Aviation Group and AirAsia in January
1 day ago
NetLink NBN Trust posts 1.1% rise in H2 DPU to S$0.0271
Sharanya Pillai - Company expects its business to ‘remain resilient’ despite uncertainties from Middle East conflict
1 day ago
NetLink NBN Trust posts 1.1% rise in H2 DPU to 2.71 cents
Sharanya Pillai - The company expects its business to “remain resilient” despite uncertainties from the Middle East conflict
1 day ago
US wireless carriers to launch joint venture to address rural 'dead zones'
WASHINGTON, May 14 : Verizon, AT&T and T-Mobile said on Thursday that they agreed in principle to form a new joint venture that seeks to address long-time coverage gaps especially in rural areas by using satellite-based technologies. The largest U.S. wireless companies said the plan seeks to end ...
1 day ago
Singapore Airlines flags surging fuel costs; annual profit halves on one-offs
Losses from Air India, in which the group owns a 25.1 per cent stake, further compounded the decline in annual profit.
1 day ago
Singapore Airlines posts 57% drop in annual profit, flags surging fuel costs
Air India posted a US$2.8 billion loss for FY2025/26, according to shareholder Singapore Airlines’ annual financial statements.
1 day ago
Versant beats revenue estimates on licensing deals, digital platform growth
May 14 : Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing deals and strong sales at businesses like Fandango helped cushion the impact of pay-TV cord cutting.The Comcast spinoff, whose portfolio is centered on cable networks, has been expanding t ...
1 day ago
Bank of Spain calls for access to advanced AI tools, flags cyber risks
MADRID, May 14 : The Bank of Spain on Thursday called for stronger international cooperation and wider access to protective artificial intelligence models such as Anthropic's Glasswing to ward off cybersecurity risks stemming from the potential misuse of advanced vulnerability-spotting engines. ...