1 day ago
Deutsche Bank joins Barclays, Apollo targeting energy transition deals
Transition is supposed to convey the notion of transforming an asset to green from brown
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
US Fed official backs further rate cut due to weak job market
A KEY Federal Reserve official said Monday that he supports a third consecutive interest rate cut by the US central bank in...
1 day ago
Australia's TPG Telecom links customer's death to outdated Samsung phone
Australia's TPG Telecom on Tuesday said a customer died after their Samsung mobile phone running out-of-date software failed to connect with the Triple Zero emergency services, and there was no network outage at the time.The incident comes two months after two back-to-back emergency call outage ...
1 day ago
Australia's TPG Telecom says customer died after failed emergency call due to outdated software
Australia's TPG Telecom said on Tuesday a customer died after failing to make emergency triple zero ("000") calls on the company's network from a Samsung device that was operating out-of-date software.At the time of the attempted contact to the triple zero service, TPG's mob ...
1 day ago
Wall Street ends sharply lower, Treasury yields slip as investors eye Nvidia results
NEW YORK: US stocks extended their selloff and benchmark Treasury yields inched lower as investors embarked on a week of accelerated economic data releases in the aftermath of the longest government sh
1 day ago
Wall Street indexes end lower; investors brace for jobs data, Nvidia results
NEW YORK: US stocks ended sharply lower on Monday (Nov 17), with the S&P 500 and the Nasdaq closing below a key technical indicator for the first time since late April as investors braced for quarterly results from retailers and chip giant Nvidia and awaited a long-delayed US jobs report this we ...
1 day ago
Europe: Shares slip as caution prevails ahead of critical US data
EUROPEAN shares slipped on Monday, as investors avoided big bets ahead of a long-awaited jobs report from the US that could offer...
1 day ago
US: Wall Street indexes fall sharply; investors brace for jobs data, Nvidia results
[NEW YORK] US stocks ended down sharply on Monday, with the S&P 500 and Nasdaq closing below a key technical indicator for the first...
1 day ago
Oil prices ease after loadings resume at Russian export hub
[HOUSTON] Oil prices eased on Monday as loadings resumed at Russia’s Novorossiysk export hub after a two-day suspension at the Black Sea port...
1 day ago
Fidelity sues Broadcom over access to key software to avoid outages
BOSTON :A subsidiary of Fidelity Investments has filed a lawsuit accusing technology company Broadcom of threatening to cut off its access to key software that has become central to the financial firm's systems, creating the risk of "massive outages" and trading disruptions unless a j ...
1 day ago
Figurine of a woman and a goose offers peek at prehistoric beliefs
A clay figurine about 12,000 years old that was unearthed at the site of a prehistoric village overlooking the Sea of Galilee in northern Israel depicts a woman and a goose in what may be one of the world's oldest renderings of a mythological scene.Researchers said the figurine, about 1.5 inche ...
1 day ago
BofA says AI is boosting bankers' productivity, revenue
NEW YORK :Bank of America plans to spend billions of dollars on technologies such as artificial intelligence to boost bankers' productivity and bring in more revenue, its chief technology and information officer said on Monday.BofA plans to allocate $4 billion into new technology capabilities f ...
1 day ago
Exclusive-Indonesia coal power phase-out plan at risk due to stalled international funding
BELEM, Brazil :Indonesia's plan to retire 6.7 gigawatts of coal-fired power plant capacity by 2030 to fight climate change is at risk of failure due to stalled disbursal of funding from rich countries, the country's top official overseeing the program told Reuters.A coalition of 10 donor n ...
1 day ago
Singapore Exchange to launch bitcoin and ether perpetual futures
The Singapore Exchange (SGX) derivatives arm said it would launch bitcoin and ether cryptocurrency perpetual futures trading from Nov 24.
1 day ago
Exclusive-Weinstein's Saba sells credit derivatives on Big Tech as AI risks grow, source says
LONDON :Boaz Weinstein's Saba Capital Management has sold credit derivatives in recent months to lenders seeking protection on big tech names like Oracle and Microsoft due to concerns over a debt-financed AI investment frenzy, a source told Reuters. Banks have sought to shield their exposure to ...
2 days ago
Keppel DC REIT obtains JPY11 bil term loan facility and JPY7.48 bil consumption tax loan facility
Felicia Tan - KDCR Tokyo 2 TMK, a subsidiary of Keppel DC REIT, has obtained a JPY11 billion ($92.3 million) term loan facility and JPY7.48 billion consumption tax loan facility. The REIT’s subsidiary also issued JPY44 billion worth of bonds in line with Keppel DC REIT’s green financing framework. The debt fa ...
2 days ago
Yamada Green acquires land and 12-unit freehold building in Osaka for JPY208 mil
Felicia Tan - Yamada Green Resources has acquired a three-storey building and the land that it sits on for JPY208 million ($1.7 million). A sale and purchase agreement (SPA) was entered into on Nov 17 between the company’s Japanese wholly-owned subsidiary and the seller. The building sits on freehold land measu ...
2 days ago
Dollar strengthens as traders await return of US data
NEW YORK :The dollar strengthened against the euro and the yen on Monday as traders exercised caution ahead of what could be a busy week with the long-awaited return of U.S. economic data.Market reaction to U.S. President Donald Trump's tariff U-turn on more than 200 food products was muted, w ...
2 days ago
Dollar firms as traders await return of US data
NEW YORK/LONDON :The dollar edged higher against the euro and the yen on Monday as traders exercised caution ahead of what could be a busy week with the long-awaited return of U.S. economic data.Market reaction to U.S. President Donald Trump's tariff U-turn on more than 200 food products was mu ...
2 days ago
Magnetic fossils may reveal ancient creature's internal 'GPS system'
Microscopic magnetic fossils found in North Atlantic seafloor sediments may represent components of an internal "GPS system" for an ancient marine creature that used Earth's magnetic field to navigate long distances, according to scientists.The researchers said the fossils - about 50 ...
2 days ago
Yangzijiang Maritime signs contracts for sale of four vessels for US$180 mil
Felicia Tan - Yangzijiang Maritime Development has signed contracts for the sale of four new medium range tankers (49,800 DWT) for US$180 million ($234.5 million). The contracts, signed with a Marshall Islands-based shipowner, is part of the maritime financial solutions provider’s ongoing portfolio optimisation ...
2 days ago
Tesla wins bid to undo race bias class action by Black factory workers
A California state judge has ruled that 6,000 Black workers at Tesla's flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk's electric vehicle maker.California Superior Court Judge Peter Borkon late o ...
2 days ago
J&J to buy Halda Therapeutics in US$3.05 billion cash deal
[NEW YORK] Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a...
2 days ago
Celero raises $140 million from Alphabet's CapitalG fund, others for AI networking chip
SAN FRANCISCO :Celero Communications, a U.S. startup founded by networking industry veterans, on Monday said it has raised $140 million to build a chip that will help link artificial intelligence data centers across vast distances.The Irvine, California-based firm is designing a chip that will trans ...
2 days ago
Yangzijiang Maritime inks fresh vessel deals ahead of mainboard debut
Goh Ruoxue - It also signed letters of intent for joint ventures to build new tankers, bulk carriers
2 days ago
Broadcaster Sinclair builds stake in rival Scripps, presses for merger
U.S. broadcaster Sinclair on Monday disclosed an 8.2 per cent stake in smaller rival E.W. Scripps and said it has been in talks for months about a deal that would combine the companies.Shares of Cincinnati-based Scripps jumped 18.6 per cent after the market opened, valuing the company at about $322. ...
2 days ago
US: Wall St falls at open with eyes on Nvidia earnings, data
[NEW YORK] Wall Street’s main indexes fell at the open on Monday (Nov 17), heading into a packed week that includes AI...
2 days ago
Amazon seeks US$12 billion from first US bond sale in three years
Amazon is selling investment-grade bonds in as many as six parts
2 days ago
Amazon to raise $15 billion in first US bond sale in three years to fund AI push
Amazon will raise $15 billion from its first U.S. dollar bond offering in three years, according to a filing with the Securities and Exchange Commission on Monday, as big tech firms ramp up investments in AI infrastructure.Big technology firms are turning to debt sales worth tens of billions of doll ...
2 days ago
Amazon to raise $15 billion from US bond sale, Bloomberg News reports
Amazon is set to raise $15 billion from its first U.S. dollar bond offering in three years, Bloomberg News reported on Monday, as big tech firms increase investments to build infrastructure for artificial intelligence.The proceeds topped initial estimates of $12 billion, the report said.As artificia ...
2 days ago
Amazon seeks to raise $12 billion from US bond sale, Bloomberg News reports
Amazon is looking to raise about $12 billion from the U.S. corporate bond market, Bloomberg News reported on Monday, citing people familiar with the matter.The e-commerce giant filed for a six-part bond sale earlier in the day without disclosing a size, a regulatory filing showed.Amazon did not imme ...
2 days ago
Deutsche Bank unveils more ambitious cost and profit targets for 2028
It wants to increase revenue to around 37 billion euros in 2028, up from around 32 billion euros in 2025
2 days ago
StarHub prices S$300 million notes due 2035 at 2.55%
Goh Ruoxue - The notes are expected to be issued on Nov 26
2 days ago
Ford to sell used vehicles on Amazon, joining Hyundai
DETROIT :Amazon shoppers can browse and buy Ford Motor vehicles on the e-commerce platform starting on Monday, joining Hyundai in adding online options for customers who want to avoid dealership lots. The Dearborn, Michigan-based automaker and the tech company said customers will be able to shop a ...