1 day ago
ST Engineering names its group COO and commercial aerospace president as group deputy CEO
Ranamita Chakraborty - The group deputy CEO post has been vacant for 9 years, but the company says filling it now reflects its expansion
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Tan of DBS maintains 'hold' on MINT pending further positive developments
The Edge Singapore - Derek Tan of DBS Group Research notes two positive updates from Mapletree Industrial Trust. However, he prefers to keep his "hold" call for now, pending further improvements before changing his recommendation. "In our view, much of the negativity is already reflected in the share pric ...
1 day ago
Crypto companies without EU licences face prosecution, French regulator warns
PARIS, May 28 : France’s top markets regulator warned crypto companies they could be blacklisted and sued if they do not get an EU licence to operate by end of June, as the bloc fully rolls out tighter regulation of crypto.Under the European Union's crypto rules, MiCA, crypto companies have u ...
1 day ago
Nebius shares hit two-week high as former OpenAI employee's fund buys stake
May 28 : Nebius Group's shares climbed 9 per cent on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.The stock hit its highest in two weeks after the fund, named Situational Awareness, disclosed that it owned 12.41 millio ...
1 day ago
Nebius shares jump as former OpenAI employee's fund buys stake
May 28 : Nebius Group's shares climbed 6.4 per cent on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.The stock hit its highest in two weeks after the fund, named Situational Awareness, disclosed that it owned 12.41 mill ...
1 day ago
Nebius shares jump more than 10% as former OpenAI employee's fund buys stake
May 28 : AI infrastructure firm Nebius Group's shares climbed over 10 per cent in premarket trading on Thursday, after Situational Awareness, a fund run by a former OpenAI employee named Leopold Aschenbrenner, became its biggest shareholder.The gains put the stock on track to open at its highes ...
1 day ago
OKP wins $165.3 mil contract from LTA
The Edge Singapore - OKP Holdings has won a $165.3 million contract to be fulfilled over 48 months from the Land Transport Authority. Under terms of the contract, OKP will design and build lift shafts and associated commuter infrastructure at pedestrian overhead bridges across 30 locations. As of May 26, the company ...
1 day ago
Fearsome dinosaur-era marine reptile was the T. rex of the sea
May 28 : Tyrannosaurus rex was a huge land predator during the twilight of the age of dinosaurs. But it was not the only T. rex that terrorized the Cretaceous Period. There also was a marine reptile named Tylosaurus rex - the T. rex of the sea - that rivaled its land counterpart in size and ferocity ...
1 day ago
CNN files lawsuit against Perplexity alleging unlawful content distribution
May 28 : CNN on Thursday filed a lawsuit against Perplexity in New York federal court, alleging the AI search engine provider is unlawfully distributing its copyrighted content, marking the latest legal tussle between the AI firm and a news publisher. The complaint said that Perplexity unlawfully co ...
1 day ago
CNN files suit against Perplexity alleging unlawful content distribution
May 28 : CNN on Thursday filed a lawsuit against Perplexity, alleging the AI search engine provider is unlawfully distributing its copyrighted content, marking the latest legal tussle between the AI firm and a news publisher. "CNN's lawsuit stands for the proposition that Perplexity, a com ...
1 day ago
China says EU using trade data selectively to justify import curbs, warns of response
BEIJING: China's foreign ministry on Thursday (May 28) accused the European Union of using trade data selectively to justify claims of imbalances, after the bloc said it was looking to broaden import quotas and tariffs on Chinese goods to protect vulnerable industries. Beijing was responding af ...
1 day ago
US Treasury rolls out Trump Accounts app nationwide
May 28 : The U.S. Department of the Treasury said on Thursday it had launched Trump Accounts on app stores nationwide, advancing a policy initiative that aims to create millions of investment accounts for children. The rollout marks a key step in implementing the program, which seeks to encourage lo ...
1 day ago
Chinese dronemaker DJI defends security of products
WASHINGTON, May 28 : Chinese dronemaker DJI on Thursday told U.S. lawmakers an outside review showed its drones do not pose security risks as it urged Washington to drop a ban on its newest products.In February, DJI, the world's largest dronemaker, filed suit challenging the U.S. Federal Commun ...
1 day ago
Ron Sim withdraws claims on Trek 2000; divests stake to Azure's Wong
The Edge Singapore - Businessman Ron Sim has withdrawn his letter of demand served on Trek 2000 International, after he divested the bulk of his stake to Terence Wong of Azure Capital in a married deal at 12 cents each. Back in Dec 2024, Sim, alleging "fraudulent misrepresentations", tried to go after company ...
1 day ago
OKP wins S$165.3 million LTA contract for commuter infrastructure works
Therese Soh - It will design and construct elevator shafts at 30 pedestrian overhead bridges
1 day ago
Mistral signs Airbus and BMW as it brings AI to manufacturing
FRENCH artificial intelligence startup Mistral AI is expanding into advanced manufacturing, striking deals with new customers Airbus SE and BMW AG as...
1 day ago
Singapore venture funding hits S$5.9 billion as investors double down on AI, deep tech despite fewer deals: EY-Parthenon
Meera Pathmanathan - The two themes are emerging as key growth drivers amid a broader fundraising downturn in South-east Asia
1 day ago
From biotech to orbit: Rocket One's AI and space rebrand sends shares flying
May 28 : Shares of biotech-turned-AI company Rocket One jumped almost 40 per cent on Thursday as the company rebranded to capitalize on hot investment themes, a strategy many smaller firms have pursued with mixed success over the years.Formerly called Hoth Therapeutics, Rocket One Inc announced earl ...
1 day ago
From biotech to orbit: Rocket One's AI and space re-brand sends shares flying
May 28 : Shares of biotech-turned-AI company Rocket One jumped around 60 per cent in premarket trading on Thursday, as the stock began trading under its new name and ticker for the first time. Formerly called Hoth Therapeutics, the company had announced earlier this month that it would re-brand itse ...
1 day ago
Small biotech firms quicker to 'latch onto' AI than big ones, says Tencent Healthcare President
HONG KONG, May 28 : Small biotech firms "latch onto" AI more quickly than bigger firms, the head of Chinese tech giant Tencent's healthcare division said on Thursday, as more businesses embrace AI to improve efficiency.Pharmaceutical companies are also increasingly turning to AI to ac ...
1 day ago
Singapore stocks retreat as US-Iran strikes unsettle markets; STI down 0.8%
Across the broader market, losers outnumber gainers 405 to 248, as 2 billion securities worth S$2.8 billion change hands
1 day ago
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Young Zhan Heng - But market observers note that the separation between customers’ funds and a company’s assets ‘is not completely airtight’
1 day ago
Best Buy forecasts upbeat sales as AI gadgets boost demand; shares rise
May 28 : Best Buy on Thursday forecast second-quarter sales above Wall Street estimates after beating quarterly expectations on steady demand for AI-powered smartphones and gaming consoles as well as growth in its ads and marketplace channels.Shares of the U.S. electronics retailer surged 18 per cen ...
1 day ago
Best Buy forecasts upbeat quarterly sales on steady gadgets demand; shares up
May 28 : Best Buy on Thursday forecast second-quarter sales above Wall Street estimates and beat first-quarter earnings expectations on steady smartphone and gaming console demand as well as growth in its ads and marketplace channels.Shares of the U.S. electronics retailer rose nearly 10 per cent be ...
1 day ago
Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth
May 28 : U.S. electronics retailer Best Buy forecast second-quarter sales above Wall Street expectations after beating Q1 estimates on Thursday, amid steady demand for laptops and smartphones and growth in its ads and marketplace channels.CEO Corie Barry is set to step down at the end of October and ...
1 day ago
Private equity firm EQT partners with Google Cloud for AI rollout
NEW YORK, May 28 : EQT has partnered with Alphabet's Google Cloud to help more than 300 companies in the Swedish private equity firm's portfolio accelerate the adoption of AI, the companies said on Thursday. Under the agreement, EQT's portfolio companies, spanning sectors from enterpr ...
1 day ago
IBM plans $10 billion investment for large-scale quantum computer by 2029
May 28 : IBM will invest more than $10 billion over the next five years in an effort to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an SEC filing on Thursday.The investment will go toward R&D, capital expenditures, scaling manufacturing capabilities and ac ...
1 day ago
Australia sues 3M for US$1.4 billion over PFAS ‘forever chemicals’ contamination
The claim is the largest brought by the country, reflecting the costs of the pollution
1 day ago
From diapers to drugs: How India's global corporate hubs are putting AI to work
May 28 : Whether they are recruiting the ideal "momfluencer" to sell diapers or trawling through reams of data to fast-track drug launches, global centers of multinational firms in India are increasingly putting AI to work in creative ways.Heads of several Global Capability Centres (GCCs) ...
1 day ago
Israeli website creator Wix.com cuts 1,000 jobs, citing strong shekel and AI
JERUSALEM, May 28 : Israel's Wix.com, which helps small businesses build and operate websites, is laying off 20 per cent of its workforce, CEO Avishai Abrahami said on Thursday, citing a strong shekel versus the dollar and the rapid evolution of AI. The shekel has appreciated nearly 30 per cent ...
1 day ago
Israeli website creator Wix.com cuts 1000 jobs due to strong shekel, growth of AI
JERUSALEM, May 28 : Israel's Wix.com, which helps small businesses build and operate websites, is laying off 20 per cent of its workforce, or more than 1,000 workers, CEO Avishai Abrahami said on Thursday.In an X post, Abrahami cited a strong shekel versus the dollar and a fast evolution of AI ...
1 day ago
Temu fined 200 million euros for breaching EU rules on sale of illegal products
[BRUSSELS] Chinese online retailer Temu has been fined 200 million euros (S$297 million) for not doing enough to stop the sale of...
1 day ago
Silver Lake-backed Entrata reveals 23% revenue jump in US IPO filing
May 28 : Property management software company Entrata filed for a U.S. initial public offering on Thursday, revealing a 23 per cent revenue surge in the first three months of 2026, as issuers line up to tap the summer IPO window.The Lehi, Utah-based company reported a net income of $23.3 million on ...
1 day ago
DBS maintains 'buy' on IHH Healthcare with slightly raised target price of $3.39
The Edge Singapore - Amanda Tan of DBS Group Research has maintained her "buy" call on IHH Healthcare following its 1QFY2026 results, which showed "steady" core earnings growth, although somewhat blemished by unfavourable forex. For the three months to March, IHH reported earnings of RM545 million, a ...