1 day ago
US stocks: Dow ends at record high; chip stocks jump on AI optimism
WALL Street ended higher on Tuesday, as chip stocks surged on renewed AI optimism, Moderna rallied and the Dow Jones Industrial Average reached a...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Mobileye to acquire humanoid robotics startup Mentee for $900 million
LAS VEGAS, Jan 6 : Mobileye Global on Tuesday said it would acquire humanoid robotics startup Mentee Robotics for about $900 million, as the Israeli self-driving technology firm bets on what it sees as the next frontier of artificial intelligence.The deal highlights the overlap between autonomous ...
1 day ago
The Centrepoint’s rear block up for collective sale at S$418 million
Jessie Lim - Frasers Property, its developer, is likely to be a top contender for the site
1 day ago
Telecom Italia, Fastweb eye 5G cost savings with Italy's network deal, sources say
MILAN, Jan 6 : Telecom Italia (TIM) and Swisscom's Italian unit Fastweb are nearing a mobile network-sharing deal to cut costs of upgrading and operating their 5G infrastructure across Italy, three sources said.Italian telecom firms are revamping their business model after losing nearly a th ...
1 day ago
Musk's xAI raises $20 billion in upsized Series E funding round
Jan 6 : Elon Musk's artificial intelligence startup xAI announced Tuesday it raised $20 billion in an upsized Series E funding round, exceeding its $15 billion target as it ramps up development of new AI models and computing infrastructure.Valor Equity Partners, StepStone Group, Fideli ...
1 day ago
Meta names Microsoft's Mahoney as chief legal officer
Jan 6 : Meta Platforms said on Tuesday it has appointed C.J. Mahoney, a seasoned legal executive with a career in both the technology sector and U.S. government, as its new chief legal officer. Mahoney was previously Microsoft's senior legal executive and deputy U.S. trade representative ...
1 day ago
AI startup LMArena triples its valuation to $1.7 billion in latest fundraise
Jan 6 : LMArena said on Tuesday its valuation had tripled to $1.7 billion in about eight months, following a new funding round where it raised $150 million, as investors continue to pour money into artificial intelligence startups.Investor enthusiasm for generative AI surged after ChatGPT's ...
1 day ago
Hg Capital to buy OneStream in $6.4 billion take private deal; shares jump 28%
Jan 6 : Buyout firm Hg Capital has agreed to acquire financial software maker OneStream in an all-cash deal worth $6.4 billion, the company said on Tuesday, less than two years after its Nasdaq debut.Shareholders will receive $24 a share in cash, representing a 31 per cent premium to OneStream� ...
1 day ago
Hg Capital to buy OneStream in $6.4 billion deal
Jan 6 : Buyout firm Hg Capital will buy OneStream in an all-cash deal valued at $6.4 billion, the financial software maker said on Tuesday. Shareholders will receive $24 per share in cash. The transaction is at a premium of 31 per cent over the closing price of OneStream on Monday. Reuters ...
1 day ago
Data center cooling-related stocks drop after Nvidia CEO Huang's comments
Jan 6 : Shares of U.S. heating, ventilation and air conditioning-related companies dropped on Tuesday after Nvidia CEO Jensen Huang said that the company's upcoming chips could significantly reduce cooling requirements in data centers. Johnson Controls International dropped 7.5 per cent to $ ...
2 days ago
Microsoft works with major US electric grid operator to modernize the Midwest power system
Jan 6 : The U.S. Midwest grid has teamed up with Microsoft, it said on Tuesday, in the latest instance of Big Tech turning to collaboration to help ensure the massive amounts of electricity needed for artificial intelligence are available. Over the last two years, the U.S. technology industry ...
2 days ago
Study casts doubt on potential for life on Jupiter's moon Europa
WASHINGTON, Jan 6 : Jupiter's moon Europa is on the short list of places in our solar system seen as promising in the search for life beyond Earth, with a large subsurface ocean thought to be hidden under an outer shell of ice. But new research is raising questions about whether Europa in fa ...
2 days ago
Dollar gains against peers with investors eyeing upcoming data
NEW YORK/LONDON, Jan 6 : The U.S. dollar gained against major peers on Tuesday, with the euro trading down following softer inflation data in Europe, but moves were fairly muted with investors focused on how upcoming data will shed light on U.S. monetary policy outlook.The impact of the shock U.S ...
2 days ago
Dollar edges higher against peer currencies amid rate cut bets
NEW YORK/LONDON, Jan 6 : The U.S. dollar edged higher against major peers on Tuesday, with the euro weighed down by softer inflation data, but moves were fairly muted with commodity and stock markets drawing most of the day's attention.The impact of the shock U.S. capture of Venezuelan Presiden ...
2 days ago
Macquarie sees ‘limited upside’ to STI; banks should be ‘drag’ rather than ‘driver’ to year-end target of 4,500 points
Felicia Tan - Macquarie Equity Research analysts Jayden Vantarakis, Foo Zhiwei, Rachel Tan and Amanda Foo see 2026 as a “good year” for stock pickers, although they are expecting the benchmark Straits Times Index (STI) to be muted. The analysts, who have a year-end STI target of 4,500 points, believe the bank ...
2 days ago
Marvell to buy networking equipment firm XConn in $540 million deal amid AI infrastructure push
Jan 6 : Marvell Technology said on Tuesday it will buy networking equipment provider XConn Technologies in a deal worth about $540 million, as the chipmaker doubles down on data center hardware amid a race to expand artificial intelligence infrastructure. XConn's acquisition will help the cu ...
2 days ago
AIG CEO Zaffino to step down and transition to executive chair
Insurance industry veteran Eric Andersen will be its new president and CEO-elect, effective Feb 16
2 days ago
Razer dives into AI for consumers, professionals and gamers
The company will invest more than US$600 million into AI over ‘the next couple of years’
2 days ago
Wall St opens muted after financials-driven rally
[NEW YORK] Wall Street’s main indexes opened subdued on Tuesday (Jan 6), as investors took a breather after the main indexes posted...
2 days ago
Saudi Arabia to open financial market to all foreign investors next month
DUBAI, Jan 6 : Saudi Arabia plans to open its financial markets to all foreign investors from February 1, the Gulf country's market regulator said on Tuesday, as it eases rules to attract more money from abroad.The amendments approved by the Capital Markets Authority eliminate the concept ...
2 days ago
BYD outsells Tesla in Europe’s two biggest EV markets
The Chinese automaker expands overseas as growth slows at home amid a crackdown on discounting
2 days ago
American Airlines to roll out free Wi-Fi for loyalty program members
Jan 6 : American Airlines said on Tuesday it would launch free in-flight Wi-Fi in partnership with telecom firm AT&T for customers enrolled in the carrier's loyalty program.Airlines are increasingly competing on free onboard internet access as they vie for loyalty-driven customers. ...
2 days ago
UK tells Musk to urgently address intimate 'deepfakes' on X
LONDON, Jan 6 : Britain on Tuesday urged Elon Musk's social media site X to urgently address a proliferation of intimate 'deepfake' images on its network, joining a European outcry over a surge in non-consensual imagery on the platform.The comments follow reporting, including ...
2 days ago
UK tells Musk to act fast on Grok's sexualised AI images, Sky News reports
LONDON, Jan 6 : Britain has urged Elon Musk's social media site X to urgently address misuse of its artificial intelligence tool Grok, Sky News reported on Tuesday, following reports it was generating fake sexualised images.Technology minister Liz Kendall said the content w ...
2 days ago
AWS, Aumovio expand AI-driven development of self-driving vehicles
LAS VEGAS, Jan 6 : Amazon's cloud unit has partnered with German automotive hardware supplier Aumovio to support the commercial rollout of self-driving vehicles, starting with Aurora's autonomous trucks, the companies said on Tuesday.As part of an expansion of a long-running partnership ...
2 days ago
Meta delays global rollout of Ray-Ban Display glasses on strong US demand, supply squeeze
Jan 6 : Meta said on Tuesday it has decided to pause international expansion of its Ray-Ban Display glasses due to short supply and strong demand in the United States.The Facebook-parent had planed to rollout its augmented reality smart glasses Meta Ray-Ban Display in the UK, France, Italy and ...
2 days ago
Variant Bio launches AI-powered platform for drug discovery using genetic data
Jan 6 : Variant Bio, a private biotech firm, said on Tuesday it has launched a platform that uses artificial intelligence on genetic data to discover new drug candidates to send into human trials.Drug developers are increasing adoption of AI for discovery and safety trials to get faster and cheap ...
2 days ago
Morgan Stanley files for Bitcoin, Solana ETFs in digital assets push
The bank deepens its crypto presence as regulatory clarity under Trump pushes finance companies to adopt digital assets
2 days ago
Ley Choon’s mainboard bid set to be a price catalyst
Tay Peck Gek - [SINGAPORE] In January 2025, I wrote that Ley Choon Group might be a stock to watch, as the provider of underground utilities...
2 days ago
China buys more US soybeans, total purchases near 10 million tons
[BEIJING] China’s state stockpiler Sinograin bought 10 US soybean cargoes this week, three traders told Reuters on Tuesday (Jan 6), as the...
2 days ago
EV maker VinFast's Vietnam deliveries nearly double in 2025
Jan 6 : Vietnamese electric-vehicle maker VinFast said on Tuesday it expects to have delivered about 170,000 units in the country last year.The preliminary figure represents a near doubling in deliveries in Vietnam compared to 2024, highlighting strong growth in VinFast's core market even ...
2 days ago
Keppel Pacific Oak US REIT obtains US$37 mil loan facility
Nicole Lim - The manager of Keppel Pacific Oak US REIT (KORE) has announced that the REIT has obtained a loan facility worth US$37 million ($47.35 million). The REIT obtained a US$115 million loan facility last December. The loan facility contains terms and conditions which under specific cases, will require KOR ...
2 days ago
London’s FTSE 100 climbs to record high on energy, defence gains
The blue-chip index is up 0.5% at 10,057.56 points
2 days ago
Exclusive-Bank of Thailand deputy governor expects GDP rebound in Q4, limited policy space
Jan 6 : Bank of Thailand (BOT) Deputy Governor Piti Disyatat on Tuesday said the nation's economic growth was expected to turn positive in the fourth quarter of 2025, though he added that policymakers need to be judicious about making further rate cuts."We expect the fourth quarter (gro ...