1 day ago
US stocks: Wall Street ticks up as chips rebound, Middle East in focus
WALL Street’s major indexes inched higher on Thursday, as investors sought bargains in beaten-down technology stocks and kept a close watch on developments around...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Oppenheimer launches Wall Street's first coverage of SpaceX with bullish outlook
June 11 : Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company's highly anticipated $75 billion market debut on Friday.The brokerage issued an "outperform" rating and set a price target of $190, implying an upside of nearly 41 p ...
1 day ago
Long-term care is not just an age-related issue: Great Eastern
Ranamita Chakraborty - The insurer’s claims data shows that 62% of claimants under one of its long-term care plans are under 50
1 day ago
Grok's AI image generation tool violated Canadian privacy law, watchdog says
OTTAWA, June 11 : xAI's Grok chatbot violated Canadian privacy laws by launching an image-generation tool that allowed users to create and share non-consensual, sexualized deep fakes, an official watchdog said in a report on Thursday.After Privacy Commissioner Philippe Dufresne launched a forma ...
1 day ago
Grok's AI image generation tool violated Canadian privacy law, says watchdog
OTTAWA, June 11 : xAI's Grok chatbot violated Canadian privacy laws by launching an image-generation tool that allowed users to create and share non-consensual, sexualized deep fakes, an official watchdog said in a report on Thursday.
1 day ago
SpaceX IPO draws more than US$70 billion in retail orders
The US$75 billion IPO would be the largest on record
2 days ago
Google in talks with Samsung to make part of next-gen chip, The Information reports
June 11 : Alphabet's Google is in talks with Samsung Electronics to manufacture part of its next-generation artificial intelligence processor, The Information reported on Thursday, citing two people familiar with the matter.Google plans for TSMC to make the main computing part of the tensor pro ...
2 days ago
Google in talks with Samsung to make next-generation chips, The Information reports
June 11 : Alphabet's Google is in talks with Samsung Electronics to manufacture part of its next-generation tensor processing unit, codenamed "Icefish," The Information reported on Thursday, citing two people familiar with the matter.Reuters could not independently verify the report.
2 days ago
Opec lowers 2026 global oil demand growth forecast again
This is the second straight downward revision, to 970,000 barrels a day
2 days ago
ECB raises rates to nip war-led inflation in the bud
Thursday’s hike is the first since September 2023
2 days ago
KKR launches $10 billion AI infrastructure company with Nvidia, Vistra
June 11 : A KKR-led group on Thursday launched a new company with more than $10 billion in committed capital to finance the build-out of AI infrastructure, the latest effort by an alternative asset manager to capitalize on growing demand for AI services.The Kuwait Investment Authority, AI chip giant ...
2 days ago
Thai hospitality group Minor International said to mull Singapore IPO instead of Hong Kong
Deliberations are still ongoing
2 days ago
India's SatSure bags $2.6 million grant to build AI-powered Earth observation models
June 11 : Indian space startup SatSure Analytics secured a 246 million rupee ($2.57 million) grant from the country's space regulator on Thursday, to develop AI models for Earth observation as part of a wider push towards building sovereign AI capabilities.Governments worldwide are increasingly ...
2 days ago
Japan secures stable crude supplies through March 2028, PM Takaichi says
TOKYO, June 11 : Japan has secured stable oil supplies through the end of March 2028 despite the Iran war through a combination of alternative crude imports and stockpile releases, Prime Minister Sanae Takaichi said on Thursday, extending the country's previous supply outlook by around one year ...
2 days ago
Singapore stocks close higher; STI up 0.6%
Benjamin Cher - Across the broader market, gainers outnumber losers 298 to 274 after 1.6 billion securities change hands
2 days ago
Pakistan economic survey projects real GDP growth at 3.7% in FY26
ISLAMABAD, June 11 : Pakistan's annual economic survey projected real GDP growth at 3.7 per cent for the fiscal year ending June 2026, according to the report released on Thursday.Here are some details from the report:• Average CPI inflation was seen at 6.7 per cent in the July-May period, th ...
2 days ago
Sembcorp completes purchase of Alinta Energy
Lin Daoyi - In a June 11 announcement, Mainboard-listed Sembcorp Industries shares that it has completed its acquisition of Australian power generator Alinta Energy from Chow Tai Fook Enterprises. With the deal done, Sembcorp will obtain Alinta's 3.4GW operating portfolio and 10.4GW development pipeline, a ...
2 days ago
SpaceX by the numbers: Six charts mapping businesses driving its IPO ambitions
June 11 : SpaceX's market debut on Friday is expected to be the largest-ever IPO, capping the meteoric rise of a company that has reshaped the space business with reusable rockets and internet beamed from orbit and which now targets space-based AI.Aiming for a $1.75 trillion valuation that woul ...
2 days ago
On brink of IPO, Musk's SpaceX already a household name, Reuters/Ipsos poll finds
WASHINGTON, June 11 : Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era companies and even prominent 2028 presidential hopefuls, according to a Reuters/Ipsos poll.For the last decade, SpaceX rockets have regularly ...
2 days ago
Anthropic v. OpenAI: Behind the bitter battle for the future of AI
SAN FRANCISCO/NEW YORK, June 11 : If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.In late 2022, OpenAI caught wind that Anthropic was working on an AI-powered chatbot. OpenAI CEO Sam Altman immediately directed employees to fast-t ...
2 days ago
AI predictions, consumer plays: analysts offer SGX playbook for World Cup 2026
Shikhar Gupta - The recommendations go beyond the standard sportswear and beer bumps to feature less obvious winners
2 days ago
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Kalpana Rashiwala - This is 2.5% more than the S$1,820 psf ppr fetched for a nearby plot next to Newton MRT interchange station in November
2 days ago
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Kalpana Rashiwala - This is 2.5% more than the S$1,820 psf ppr fetched for nearby plot next to Newton MRT interchange station in November
2 days ago
Evergreen funds making inroads into Asia: HarbourVest
Benjamin Cher - They offer advantages over traditional closed-end funds, such as reduced workloads for investors
2 days ago
Wall Street buckles up for SpaceX liftoff, hoping for a glitch-free ride
NEW YORK/SAN FRANCISCO, June 11 : As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders, brokers and exchanges are working nonstop to make sure their trading systems can handle the blockbuster IPO and avoid the chaos that marred other highly anti ...
2 days ago
AirAsia X postpones Bahrain flight route due to regional conflict
The airline expects the service to start in August or September, subject to market conditions
2 days ago
British device maker Halma's shares slump on slower annual growth forecast
June 11 : British health and safety device maker Halma forecast organic constant-currency revenue growth for fiscal 2027 at a slower rate than the previous year, sending its shares down nearly 15 per cent on Thursday. Here are a few details: • The company expects to deliver low double-digit per
2 days ago
DBS initiates coverage on Centurion Corp with ‘buy’ call on strong bed growth visibility
Deon Loke - The brokerage initiates with a target price of S$1.86 per share
2 days ago
Meta starts unwinding Singapore-based Manus deal by splitting operations, data
Facebook’s owner has effectively put up a firewall between itself and the AI firm, which moved here in 2025
2 days ago
Meta starts unwinding Manus deal by splitting operations, data
The owner of Facebook and Instagram has effectively erected a firewall between itself and the agentic AI service
2 days ago
Cuscaden Peak sells 50% stake in South Australia mall for US$469 million
Ry-Anne Lim - Westfield Marion Shopping Centre is last piece of the Paragon Reit portfolio to be sold
2 days ago
European shares edge higher ahead of ECB rate verdict; Middle East tensions eyed
EUROPEAN shares inched higher in choppy trading on Thursday (Jun 11), with escalating tensions in the Middle East keeping investors cautious ahead...
2 days ago
World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise
JAKARTA, June 11 : The World Bank said on Thursday that Indonesia's economic growth was expected to slow to 5 per cent in 2026 as it comes under increasing fiscal strain from an ambitious spending programme and the rising cost of fuel subsidies in the wake of the Iran war. The forecast by the W ...
2 days ago
Deezer launches free AI music detector for users of major streaming platforms
June 11 : French music platform Deezer has launched a free online tool to detect AI-generated tracks in playlists, available to users of all major streaming platforms, it said on Thursday.The company is also licensing its AI-detection technology to the wider music industry, building on earlier deals ...