Business Headlines & Singapore Stock Market News

18 hours ago

SK Hynix speeds up new chip fab opening to meet memory demand, executive says

The global memory chip market is experiencing an unprecedented boom

18 hours ago

Fed officials stress independence as rate hold signals mount

Most market participants do not see another cut until June

18 hours ago

TSMC fourth-quarter profit leaps to record driven by AI boom

TAIPEI, Jan 15 : TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 35 per cent jump in fourth-quarter profit to record levels that handily beat market forecasts on Thursday.Benefiting from surging demand for advanced chips used in artifici ...

18 hours ago

TSMC likely to post fourth-quarter profit leap driven by AI boom

TAIPEI, Jan 15 : TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is expected to post a 28 per cent jump in fourth-quarter net profit to a record high on Thursday driven by ongoing strong demand for AI infrastructure.Taiwan Semiconductor Manufacturing Co, the wo ...

18 hours ago

Trump imposes 25% tariff on imports of some AI chips

US PRESIDENT Donald Trump on Wednesday imposed a 25 per cent tariff on certain AI chips, such as the Nvidia H200 AI...

18 hours ago

Trump imposes 25% tariff on imports of some advanced computing chips

US PRESIDENT Donald Trump on Wednesday imposed a 25 per cent tariff on certain advanced computing chips, such as the Nvidia H200...

18 hours ago

Exclusive-SK Hynix speeds up new chip fab opening to meet memory demand, executive says

SEOUL/SAN FRANCISCO, Jan 15 : SK Hynix plans to accelerate the opening of a new factory by three months and will also begin operating another new plant in February, a senior executive said, as surging memory demand pressures global supply.The South Korean chipmaker's decision comes as a global ...

18 hours ago

Trading Day: Hard assets hit new highs

18 hours ago

Oil prices settle higher, then reverse gains after Trump eases worries about Iran

[NEW YORK] Oil prices settled higher on Wednesday, then gave back most of the day’s gains after US President Donald Trump eased fears...

18 hours ago

Europe’s Stoxx 600 ends at record high, lifted by healthcare, chemical stocks

EUROPEAN shares closed at a record high on Wednesday, buoyed by gains in chemicals and healthcare stocks, while investors also monitored the repercussions...

18 hours ago

US stocks: Wall Street indexes end lower, led by drop in tech and bank shares

US STOCKS fell on Wednesday, led by a drop in the Nasdaq with technology shares declining as investors moved into more defensive areas,...

20 hours ago

OpenAI signs $10 billion computing deal with Nvidia challenger Cerebras

Jan 14 : OpenAI will purchase up to 750 megawatts of computing power over three years from chipmaker Cerebras as the ChatGPT maker looks to pull ahead in the AI race and meet the growing demand, the two companies said on Wednesday.This deal is worth more than $10 billion over the life of the contrac ...

20 hours ago

OpenAI to buy compute power from Cerebras in deal worth more than $10 billion, source says

Jan 14 : OpenAI said on Wednesday it has agreed to purchase up to 750 megawatts of computing power over three years from Cerebras as the ChatGPT maker looks to pull ahead in the AI race and capitalize on growing demand. The deal is worth more than $10 billion over the course of the contract, accordi ...

21 hours ago

Oracle sued by bondholders over losses tied to AI buildout

NEW YORK, Jan 14 : Oracle was sued on Wednesday by bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison concealed its need to sell significant additional debt to build out its artificial intelligence infrastructure.The proposed class action was filed in a ...

22 hours ago

Visa crypto chief bets on stablecoin settlement, sees volumes growing

PARIS, Jan 14 : Visa is working to integrate stablecoins into existing payment systems, seeing an opportunity to maintain its market leadership as these tokens gain traction, Visa's head of crypto, Cuy Sheffield, told Reuters.Stablecoins, cryptocurrencies typically pegged to the U.S. dollar, al ...

22 hours ago

European telcos may get unlimited radio spectrum rights, EU document shows

BRUSSELS, Jan 14 : Europe's telecoms providers may be given the use of lucrative radio spectrum without a time limit under the European Commission's proposed revamp of telecoms rules aimed at boosting investment, according to a document seen by Reuters.The rule revamp known as the Digital ...

22 hours ago

Interactive Brokers says betting on US midterm elections should juice growth of its platform

NEW YORK, Jan 14 : As Americans bet on U.S. midterm elections in November, Interactive Brokers founder and chairman Thomas Peterffy said he expects growth to accelerate this year for the prediction markets platform his company launched in 2024.The online brokerage platform's predictions market, ...

22 hours ago

Verizon making progress resolving network issue snarling cellphone service

WASHINGTON, Jan 14 : Verizon Communications said late on Wednesday it was making progress in restoring mobile phone service and plans to offer impacted consumers credits for an hours-long outage that disrupted calls, texting and internet usage for hundreds of thousands of customers."Today, we l ...

22 hours ago

Verizon still working to resolve network issue snarling cellphone service

WASHINGTON, Jan 14 : Verizon Communications' U.S. wireless network remained down late Wednesday evening for many users in the U.S., prompting several major cities to advise residents to use other carriers to call emergency services. With the outage more than seven hours old, the carrier said it ...

22 hours ago

Verizon still working to resolve network issue snarling cellphone service for thousands

WASHINGTON, Jan 14 : Verizon Communications' network was down for tens of thousands of users in the U.S. on Wednesday, preventing people from making calls or texting from cell phones and prompting two major cities to advise residents to use other providers to make emergency calls.The U.S. wirel ...

22 hours ago

Verizon's network down for tens of thousands of users in US, Downdetector shows

Jan 14 : Telecom operator Verizon Communications' network was down for tens of thousands of users in the U.S. on Wednesday, according to outage tracking website Downdetector.com.Verizon said it was aware of the issue and that its engineers are working to identify and solve it. "We understa ...

22 hours ago

California to investigate xAI over deepfake content, officials say

WASHINGTON, Jan 14 : California officials said they were demanding answers from Elon Musk's xAI amid the spread of non-consensual sexual images on the platform that has prompted global scrutiny."We’re demanding immediate answers from xAI on their plan to stop the creation & spread of ...

23 hours ago

EU will carefully assess X's promised changes to Grok, spokesperson says

MADRID, Jan 14 : The European Commission will carefully assess changes Elon Musk's platform X has said it would make to its Grok chatbot, a spokesperson said on Wednesday."⁠We take note of the additional measures X is taking to ban Grok from generating sexualised images of women and chil ...

23 hours ago

Scientists recover genome from woolly rhino eaten by Ice Age wolf

Jan 14 : About 14,400 years ago, a weeks-old wolf puppy ate its last meal - meat from a woolly rhinoceros - shortly before dying on the harsh Ice Age landscape of northeastern Siberia. In a first, researchers have extracted DNA and recovered the rhino's genome from a chunk of undigested meat fr ...

24 hours ago

Brazilian fintech Agibank files for US IPO

Jan 14 : Agibank has filed for an initial public offering in the United States, a regulatory filing showed on Wednesday, making it the latest Brazilian fintech to move closer to a New York listing this year.The offering comes after a strong 2025 for fintech IPOs against the backdrop of renewed inves ...

24 hours ago

Tech, banks weigh on Wall Street; Trump eases Iran oil fears

Jan 14 : Technology and bank stocks led Wall Street indexes into a second day of declines on Wednesday, while oil prices snapped back from the day's highs after U.S. President Donald Trump softened warnings about unrest in Iran, although persistent economic and geopolitical uncertainty continue ...

24 hours ago

Wall Street slides on bank, tech pullback; uncertainty powers gold, oil

Jan 14 : Wall Street indexes slid for a second straight day on Wednesday as major banks reported earnings and investors surveyed a panoply of economic and political uncertainties which helped inflate prices for precious metals and oil.Banner earnings releases from three of the largest U.S. banks sho ...

24 hours ago

Wall Street falls on bank share pullback, uncertainty boosts gold, oil

Jan 14 : Wall Street indexes inched lower on Wednesday as major banks reported earnings and investors surveyed a panoply of economic and political uncertainties which helped inflate prices for precious metals and oil.Data showed U.S. retail sales increased more than expected and producer prices pick ...

1 day ago

First Sponsor expects net loss for H2, full year 2025 on forex losses

Tan Nai Lun - Fair value loss on its financial derivatives is a result of the strengthening of foreign currencies against the Singapore dollar

1 day ago

CrowdStrike defeats shareholder lawsuit over huge software outage

Jan 14 : A federal judge dismissed a lawsuit by CrowdStrike shareholders who said the cybersecurity company defrauded them by concealing its inadequate software testing and quality assurance procedures, before a July 2024 outage crashed more than 8 million Microsoft Windows-based computers worldwide ...