2 days ago
UOB, quantum technologies centre partner to explore quantum computing for derivatives valuation
Elysia Tan - Large-scale simulation methods are being used currently but they can be time and resource-intensive
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Singapore’s BDx says open to an IPO as AI boom fuels Asia expansion
It is looking at expansion opportunities across Apac, broadly within a five-hour flight radius of Singapore
2 days ago
Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages
STOCKHOLM, July 1 : A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in antitrust damages to PriceRunner, the price comparison business owned by payments platform Klarna.The award, equivalent to around 14.3 billion Swedish crowns, comes amid growing scrutiny of U ...
2 days ago
Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages
STOCKHOLM, July 1 : A Swedish court said on Wednesday Alphabet's Google is to pay the equivalent of around 14.3 billion Swedish crowns ($1.5 billion) in antitrust damages to Klarna's price comparison company PriceRunner. "PriceRunner is considered to have suffered damage as a result o ...
2 days ago
SGX to implement post-trade custody model from mid-July; lower board lot sizes in early October
Felicia Tan - Following public consultations on initiatives such as the post-trade custody model and reducing board lot sizes for certain stocks, the Singapore Exchange (SGX) announced, on July 1, that it will allow depository agents to hold SGX-listed securities on behalf of clients in omnibus broker custody acc ...
2 days ago
Goldman flags oil surplus even as nations rebuild stockpiles
Crossings through Hormuz have picked up despite attacks on two vessels in recent days
2 days ago
Singapore stocks fall as investors await Fed chair comments; STI down 0.2%
ST Engineering leads the gainers on the blue-chip index
2 days ago
Dollar fades as Fed's Warsh softens inflation tone
NEW YORK, July 1 : The dollar pared earlier gains on Wednesday after Federal Reserve Chair Kevin Warsh said that inflation expectations and inflation risks have eased in recent weeks, ahead of a closely watched jobs report due on Thursday. The Japanese yen, which had earlier slumped to a 40-year low ...
2 days ago
Yen wallows at 40-year low as dollar rally gets yield boost
LONDON, July 1 : The dollar hit a 40-year high against the yen on Wednesday as a sharp rise in U.S. Treasury yields boosted the currency ahead of U.S. jobs data that could strengthen the case for a Federal Reserve rate hike this month.The dollar rose as high as 162.84 yen, well above levels that pro ...
2 days ago
BYD's sales rise for second month, buoyed by exports
BEIJING, July 1 : Chinese electric vehicle maker BYD logged a second straight month of rising sales globally in June, as strong exports offset sluggish domestic demand.Total vehicle sales were up 5.5 per cent from a year earlier to 403,472 units last month, according to Reuters calculations based on ...
2 days ago
Unchecked AI progress may pose catastrophic risks, UN panel warns
GENEVA, July 1 : Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology will not cause catastrophic harm, a United Nations independent panel warned on Wednesday.A preliminary report by the UN's Indepen ...
2 days ago
Foundation Healthcare prices Mainboard IPO offering at 76 cents per share
Felicia Tan - Foundation Healthcare Holdings is seeking to raise $242 million in connection with its proposed initial public offering (IPO) on the Mainboard of the Singapore Exchange (SGX). According to its prospectus lodged on July 1, the SeaTown-backed integrated private healthcare platform is offering 162,566, ...
2 days ago
Indonesia’s sovereign wealth fund INA rebalances portfolio as it targets AI, advanced manufacturing
Elisa Valenta - The plan is to reduce its reliance on traditional infrastructure assets, says new CEO Oki Ramadhana
2 days ago
Vimeo owner Bending Spoons likely to open 14% above IPO price in Nasdaq debut
July 1 : Bending Spoons is set for its U.S. market debut later on Wednesday after the Italian technology company priced its initial public offering above the range to raise $1.68 billion.Its stock was indicated to open at $33, giving the Milan-based company a potential valuation of roughly $21 billi ...
2 days ago
Vimeo owner Bending Spoons heads for US market debut after $1.68 billion IPO
July 1 : Bending Spoons is set for its U.S. market debut later on Wednesday after the Italian technology company priced its initial public offering above the range to raise $1.68 billion.The listing will test investor appetite for software companies after the industry was hammered earlier this year ...
2 days ago
Defense startups raid auto and fracking sectors for parts to speed weapons output
WASHINGTON, July 1 : Defense tech startups are repurposing automotive chips and pipes used in fracking - while copying production methods from drugmakers - in an effort to deliver weapons to the Pentagon faster and at lower cost.Soaring demand for rocket motors used to power missiles and other weapo ...
2 days ago
Wayve courts automakers with AI driving system that learns like humans
July 1 : Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In Jun ...
2 days ago
Nike stumbles as China woes, cautious outlook temper turnaround hopes
NIKE shares fell 3.5 in premarket trading on Wednesday after its latest quarterly results failed to revive investor hopes of a...
2 days ago
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
Tessa Oh - This paves the way for the case to go to trial
2 days ago
Heng Swee Keat to be senior advisor at APS Asset Management
The Edge Singapore - APS Asset Management has appointed former deputy prime minister Heng Swee Keat as a senior advisor to the fund management firm, with effect from July 1. Throughout his decades of service in the public sector, Heng held key business and economic roles ranging from the permanent secretary of the Minis ...
2 days ago
Hackers used unpatched routers to access organisations in Singapore, says CSA
Nurdianah Md Nur - The Cyber Security Agency of Singapore (CSA) says hackers exploited unpatched routers at multiple organisations last year before installing malicious tools that could survive subsequent security updates. The campaign was uncovered on Feb 13, 2025, after the agency received information on related glo ...
2 days ago
AI development may be progressing too fast to manage risks effectively: UN experts
Evan See - Frontier and agentic systems present escalating risks, where gains are ‘not automatic’
2 days ago
New IPO aspirants signal renewed listing activity on SGX
Ranamita Chakraborty - Flurry points to continued momentum buoyed by government measures to revitalise the local bourse
2 days ago
Cathay Financial apologises, bans bosses from outside roles
This follows the resignation of its banking chief, whose external directorship led to a regulatory breach
2 days ago
UOB breaks ground on US$450 million tower in Vietnam’s international financial centre
Jamille Tran - It is the only Singapore bank with a wholly owned subsidiary in the country
2 days ago
European shares pause after rally, doubts linger over Iran peace deal
The technology sector was flat
2 days ago
China, South Korea, Singapore lead Apac in global EV ranking
Derryn Wong - European nations make up most of the top 10 on the 25-country index
2 days ago
EU says it held 'constructive' talks with Apple CEO Cook after Siri AI clash
BRUSSELS, July 1 : European technology chief Henna Virkkunen held "constructive" talks with Apple CEO Tim Cook this week, a European Commission spokesperson said on Wednesday, after the two sides clashed over the roll-out of Siri AI in Europe.EU regulators and Apple traded barbs last month ...
2 days ago
EU tech chief and Apple CEO had a constructive talk on topics of common interest
BRUSSELS, July 1 : European Technology Commissioner Henna Virkkunen had a "constructive" talk with Apple's Chief Executive Tim Cook during a video call held on Monday, said a Commission spokesperson.They spoke about "topics of common interest" on which work continues, the sp ...
2 days ago
Citing defensive yield, Beansprout initiates coverage on United Hampshire US REIT
Teo Zheng Long - Beansprout analyst Goh Lay Peng has initiated a “buy” call on United Hampshire US REIT (UHREIT) as she sees the REIT generating defensive yield from America’s everyday essentials. UHREIT owns a portfolio of 20 grocery & necessity and two self-storage properties, with a total appraised valu ...
2 days ago
Citi cuts bitcoin, ether forecasts as ETF flows turn negative
July 1 : Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on U.S. digital asset legislation have hurt the outlook for the two largest cryptocurrencies. The brokerage, in a note dated Tuesday ...
2 days ago
PM Wong to visit Timor-Leste in first for Singapore prime minister
Goh Ruoxue - He will receive country’s highest honour from its president
2 days ago
Vertiv opens Malaysia plant to meet AI data centres’ power needs
It will keep clients’ data centres running in South-east Asia, North Asia, Australia and New Zealand
2 days ago
Nvidia chips case: 4 firms charged over false representation accusations; S$56 million in assets seized
Three individuals reportedly linked to the case were charged with offences including fraud and money laundering