2 days ago
European shares close lower as oil surge sparks inflation worries, rate hike bets
EUROPEAN shares extended losses on Thursday as investors grappled with a surge in oil prices, which brought concerns about inflation amid the war...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
US stocks: Wall Street ends sharply lower as intensifying Iran war, soaring crude prompt selloff
[NEW YORK] US stocks fell on Thursday, as Iranian strikes on two oil tankers sent crude prices surging toward US$100 per barrel, further exacerbating...
2 days ago
SentinelOne's quarterly profit forecast falls short of estimates amid stiff competition
March 12 : Cybersecurity firm SentinelOne forecast quarterly profit below Wall Street estimates on Thursday, signaling a cautious stance amid intense competition from larger rivals and a finance leadership transition.Shares of the Mountain View, California-based company were down over 2 per cent aft ...
2 days ago
Backed by Alibaba, Singapore’s MetaComp aims to be ‘Asia’s Revolut’ for businesses
Shikhar Gupta - The fintech firm has raised US$35 million to build a Web 2.5 platform that blends payments and wealth
2 days ago
Adobe's longtime CEO to exit role amid AI disruption, shares fall
March 12 : Adobe's longtime CEO Shantanu Narayen will leave his role once a successor is appointed, the creative tooling company said on Thursday, sending its shares down 6.5 per cent in extended trading on renewed worries around its strategy as it grapples with AI disruption.Narayen's exi ...
2 days ago
Telus says it is investigating hack of its systems
March 12 : Canadian telecommunications and business services firm Telus is investigating a cybersecurity incident involving unauthorized access to some of its systems, a company spokesperson said on Thursday.The ShinyHunters hacking group told Reuters in a message it stole at least 700 terabytes of ...
2 days ago
Amazon unit withdraws from drone trade group, raises safety concerns
WASHINGTON, March 12 : Amazon.com drone unit Prime Air is withdrawing from the Commercial Drone Alliance, saying it had safety concerns that were incompatible with the group's positions.Amazon Prime Air said in a letter seen Thursday by Reuters that the alliance's positions "on the mo ...
2 days ago
Italy fines Intesa Sanpaolo 18 million euros for illicit processing of customer data
MILAN, March 12 : Italy's data protection authority said on Thursday it had fined Italy's biggest bank Intesa Sanpaolo 17.6 million euros for illicit processing of data of around 2.4 million customers the bank unilaterally moved to its digital unit Isybank.Intesa had no immediate comment. ...
2 days ago
US appeals court voids much of injunction against California children's online safety law
March 12 : A federal appeals court on Thursday threw out much of an injunction that had blocked California from enforcing a state law meant to shield children from social media and other online content that could harm them mentally or physically.The 9th U.S. Circuit Court of Appeals said the trade g ...
2 days ago
US appeals court voids most of injunction against California children's online safety law
March 12 : A federal appeals court on Thursday threw out most of an injunction that had blocked California from enforcing a state law meant to shield children from social media and other online content that could harm them mentally or physically.The 9th U.S. Circuit Court of Appeals said the trade g ...
2 days ago
Large shinbone found in New Mexico belongs to close kin of T. rex
WASHINGTON, March 12 : A new analysis of a large shinbone unearthed in a remote spot in northwestern New Mexico in the 1970s shows it belongs to a close relative of Tyrannosaurus rex that predated that huge meat-eating dinosaur by several million years and potentially was a direct ancestor.The shinb ...
2 days ago
Microsoft's Rajesh Jha, head of experiences and devices unit, to retire
March 12 : Rajesh Jha, a key Microsoft executive overseeing products including Windows and Microsoft 365 apps like Word and Teams, announced his retirement on Thursday after more than three decades with the company.Jha, who runs the Experiences + Devices unit, will transition out of his current posi ...
2 days ago
Lucid sees positive cash flow late in decade with affordable model, autonomous offerings
March 12 : Lucid expects to turn cash flow positive late this decade, the EV maker said on Thursday, as it laid out its roadmap for affordable cars and autonomy, including unveiling a two-seater robotaxi concept without a steering wheel and pedals.Lucid, known for its luxury Air sedans and Gravity S ...
2 days ago
Lucid unveils steering wheel-free robotaxi concept, taking aim at Tesla's Cybercab
March 12 : Lucid unveiled a two-seater robotaxi concept without steering wheel and pedals, and launched new self-driving tech subscriptions, as the electric-vehicle maker laid out its roadmap for the technologies at an investor day event on Thursday.The unveiling deepens Lucid's push into fully ...
2 days ago
Lucid unveils two-seater robotaxi concept, announces self-driving tech subscription
March 12 : Lucid showcased a two-seater robotaxi concept without pedals and a steering wheel and announced a self-driving tech subscription for its electric vehicles at its investor day event on Thursday.The monthly subscription would be priced between $69 and $199 depending on the level of autonomo ...
2 days ago
Cambricon rides China AI boom to post its first annual profit
The company plans to more than triple its production of AI chips in 2026
2 days ago
Exclusive-Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 billion tax evasion
MILAN, March 12 : Milan prosecutors have requested trial for Amazon's European unit and four of its managers over alleged tax evasion worth around 1.2 billion euros ($1.38 billion), two sources with direct knowledge of the matter said on Thursday.The move is unprecedented for a case of this kin ...
2 days ago
SoftBank-backed PayPay valued at $12.7 billion in Nasdaq debut as shares jump
March 12 : PayPay's shares opened roughly 19 per cent above their offer price in a widely anticipated Nasdaq debut on Thursday, valuing the Japanese payments app at $12.7 billion and giving a much-needed boost to the new listings market.The SoftBank-backed's company stock opened at $19, co ...
2 days ago
SoftBank-backed PayPay shares set to open 38% above IPO price
March 12 : Shares of PayPay were indicated to open 37.5 per cent above their offer price in their Nasdaq debut on Thursday, giving the SoftBank-backed Japanese payments app a potential valuation of $14.71 billion.PayPay's stock was indicated to open at $22, compared with the $16 offer price. Th ...
2 days ago
Iran’s new leader vows to keep the Strait of Hormuz closed
The trade route should remain shut to put pressure on the enemy, he adds
2 days ago
Wall St opens lower as Middle East tensions lift oil prices to US$100
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Mar 12) as oil prices surged to nearly US$100 a barrel, fanning...
2 days ago
Pentagon CTO says 'no chance' of renewed Anthropic negotiations
March 12 : Pentagon Chief Technology Officer Emil Michael on Thursday ruled out negotiations with Anthropic after the agency labeled the AI lab a supply-chain risk in a dispute over restrictions on how the U.S. military can use its technology."There's no chance. The (Anthropic) leadership ...
2 days ago
HSA deepens pacts with Malaysia, Uzbekistan for faster medical innovation access
Shikhar Gupta - Singapore will also apply for full Medical Device Single Audit Program membership
2 days ago
Top bankers win reprieve as Swiss lawmakers reject bonus ban
Parliament’s upper house topples the proposed Bill with a 32 to 9 majority
2 days ago
Trendlines portfolio company IBI Ag completes proof of concept for AI-driven platform of novel bioinsecticide proteins
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, IBI Ag, successfully completed its proof of concept (POC) for the AI-driven platform for De Novo design of novel bioinsecticide proteins. “By leveraging cutting-edge AI technology and proprietary biological data, I ...
2 days ago
Southern Alliance Mining reports higher revenue and lower net loss in 1HFY2026
Teo Zheng Long - Southern Alliance Mining (SAM) (SGX: QNS ) has reported a net loss of RM4.2 million for 1HFY2026 ended January 31, an improvement of 59.2% y-o-y compared against the net loss of RM10.3 million a year ago. The lower net loss was mainly attributable to the higher revenue achieved in the same period. R ...
2 days ago
Britain's Lloyds apologises after customers able to see others' transactions
LONDON, March 12 : Lloyds Banking Group said on Thursday it was investigating the causes of a glitch that allowed customers to see each other's transactions online, the latest in a series of technical problems for UK banks embracing digital services."We’re sorry that some customers exper ...
3 days ago
Dollar flirts with new 2026 highs as oil price jump hurts euro
NEW YORK, March 12 : The dollar rose against the euro for a third straight day on Thursday, inching closer to its strongest levels this year as surging energy prices sparked worries about Europe's import-dependent economy and drove investors toward the safety of the greenback.Oil prices rose sh ...
3 days ago
Dollar nears 2026 highs as oil price jump pressures euro
NEW YORK, March 12 : The dollar strengthened against the euro for a third straight day on Thursday, inching closer to its strongest levels this year as surging energy prices sparked worries about Europe's import-dependent economy and drove investors toward the safety of the greenback.Oil prices ...
3 days ago
Singapore banks could see biggest losses on Indonesia loans among regional peers due to climate risks
Janice Lim - [SINGAPORE] Among domestic and foreign lenders, Singapore banks could book the highest estimated loss intensity from climate transition risks on their loan...
3 days ago
Dollar nears 2026 highs as volatile oil fans inflation spike fears
(Refiles to drop erroneous h from analyst's name in paragraph 5)By Amanda CooperLONDON, March 12 : The dollar gained for a third consecutive day on Thursday, staying close to its strongest levels this year as surging energy prices stoked inflation worries, which could potentially force central ...
3 days ago
Beijing rejects Sinopec’s request to tap commercial reserve: sources
Sinopec relies on the Middle East for nearly 60% of its total crude oil imports
3 days ago
Asean ministers to hold meetings to address Middle East crisis
Several member countries have already taken concrete steps to cope with the impact of the crisis
3 days ago
Hoi Hup, Sunway MCL launch 588-unit Pinery Residences at prices starting from S$2,340 psf
Chong Xin Wei - Marketing for the Tampines mixed-use project comes on the heels of Rivelle EC’s preview last week