1 day ago
Musk and Altman head to trial in feud over future of OpenAI
Tesla CEO seeks US$134 billion from OpenAI and Microsoft, which he pledges to give to OpenAI’s charitable arm
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Wall St opens lower as investors weigh US-Iran conflict before earnings rush
[NEW YORK] Wall Street’s main indexes opened slightly lower on Monday (Apr 27) as peace talks between the US and Iran stalled,...
1 day ago
Eneco Energy to acquire Fastweld Engineering Construction for a total consideration of $4.3 mil
Teo Zheng Long - Eneco Energy (SGX: R14 ) announced that it has entered into a sales and purchase agreement on April 24 with Union Steel (SGX: ZB9 ) for the acquisition of Fastweld Engineering Construction Pte Ltd for a total consideration of $4.3 million, which was determined on a willing-buyer and willing-seller b ...
1 day ago
Shell to buy Canada's ARC in output-boosting US$16.4 billion deal
It would boost its output by 370,000 barrels of oil equivalent per day
1 day ago
Microsoft, OpenAI change terms of deal so startup can court Amazon and others
April 27 : Microsoft and OpenAI renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models, clearing the way for the startup to forge new deals with rivals to the software and enterprise giant, including Amazon.The loosened ties between Microsof ...
1 day ago
OpenAI breaks off Microsoft exclusivity, Amazon CEO says OpenAI models coming to AWS soon
April 27 : Microsoft is losing exclusive access to OpenAI's technology, clearing the way for the ChatGPT creator to sell its products across rival cloud platforms in a sweeping change to one of the artificial intelligence era's most consequential alliances.The reworked tie-up, announced jo ...
1 day ago
OpenAI breaks off Microsoft exclusivity to free up path for Amazon, Google deals
April 27 : Microsoft will no longer have exclusive access to OpenAI's artificial intelligence models and products, a significant change that will allow the startup to sell its technology across rival cloud platforms including Amazon and Google.Following the joint announcement, Microsoft shares ...
1 day ago
Microsoft will no longer have exclusive access to OpenAI's technology
April 27 : Microsoft will no longer have exclusive access to OpenAI's artificial intelligence models and products, a significant change that would allow the startup to sell its technology across rival cloud platforms including Amazon and Google.Shares of Microsoft tumbled nearly 3 per cent afte ...
1 day ago
Yangzijiang Maritime adds 10 new vessels, pushing order book to 53
Benicia Tan - The newbuilds will be funded through a combination of equity co-investment and debt financing
1 day ago
GSH Corp CEO Gilbert Ee to retire amid broader leadership renewal
Benicia Tan - Executive director Lim Hong Kian is also stepping down
1 day ago
Citi to boost Japan, China investment banking teams, plans senior sector-focused hires
The firm is pushing ahead with growing its in-market presence in Asia
1 day ago
YZJ Maritime orders 10 newbuilds, brings fleet to 105
Lin Daoyi - Maritime asset manager Yangzijiang (YZJ) Maritime Development has ordered 10 newbuilds to increase its portfolio to 105 vessels, of which 53 are under construction, according to a bourse filing on April 27. Comprising four product/crude tankers newbuilds of approximately 114,000 deadweight tonnage ( ...
1 day ago
CATL seeks US$5 billion in Hong Kong’s largest share sale of 2026
The Chinese battery maker is offering shares at HK$628.20 to HK$651.80 each
1 day ago
ST Engineering bags S$4.8 billion in Q1 contracts on Middle East defence, aerospace demand
Shikhar Gupta - The first-quarter haul is up about S$400 million year-on-year
1 day ago
Medtronic says cyberattack on IT network has not disrupted operations
April 27 : Medical device maker Medtronic said on Monday a cyberattack on its computer systems last week did not affect its products or ability to meet patient needs, and is not expected to materially impact its business or financial results.Medtronic said the attack that hit the network supporting ...
1 day ago
‘Fundamental reshaping’ of Singapore car market as China and EV brands storm up the charts while legacy players hit hard
Derryn Wong - EV-centric brands such as Tesla, Chery MG, GAC increase registrations by 3 to 6 times as BMW and Mercedes-Benz sales slip almost...
1 day ago
Space analytics firm HawkEye targets $2.4 billion valuation in US IPO
April 27 : HawkEye 360 is targeting a valuation of up to $2.42 billion in its initial public offering in the United States, the space analytics company said on Monday. The Herndon, Virginia-based firm is seeking to raise up to $416 million by offering 16 million shares priced between $24 and $26 api ...
1 day ago
Verizon boosts annual profit forecast after surprise rise in wireless subscribers
April 27 : Verizon raised its annual profit forecast on Monday after revamped customer offers and bundled plans led to surprise first-quarter wireless subscriber additions, sending its shares up 4 per cent.With deals such as offering better terms to customers who brought in bills from rivals like AT ...
1 day ago
Verizon lifts annual profit forecast after surprise rise in wireless subscribers
April 27 : Verizon raised its annual profit forecast on Monday after revamped customer offers and bundled plans drove surprise first-quarter wireless subscriber additions.The company's shares rose 3 per cent in premarket trading. With deals such as offering better terms to customers who brought ...
1 day ago
Competition watchdog flags concerns over SUTL’s proposed S$40 million Marina at Keppel Bay buy
Shikhar Gupta - The transaction may enhance the combined operator’s ability to raise prices, says CCS
1 day ago
US sanctions on China oil giant Hengli turn up heat for teapot refiners
Hundreds of chemical, synthetic fibre and textile producers across East Asia face near-immediate disruption to supplies
1 day ago
South Africa withdraws AI policy due to fake AI-generated sources
JOHANNESBURG, April 27 : South Africa has withdrawn its first draft national AI policy after revelations that it contained fictitious sources in its reference list which appeared to have been AI-generated. "The most plausible explanation is that AI-generated citations were included without prop ...
1 day ago
Ray-Ban heir’s 10 billion euro buyout of siblings’ shares approved: Italian media
Leonardo Maria Del Vecchio is set to become the largest shareholder in EssilorLuxottica
1 day ago
Meta partners with space startup Overview Energy to secure solar power for data centers
April 27 : Meta Platforms has signed an agreement with Overview Energy to secure power from the startup's space-based solar energy infrastructure for the Facebook parent's data centers by the end of the decade.Overview Energy is developing a system that can collect solar energy in space an ...
1 day ago
Singapore shares fall, dragged by banks; STI slips 0.6%
Renald Yeo - Across the broader market, losers outpace gainers 341 to 265 after two billion securities change hands
1 day ago
Elon Musk trial against Sam Altman to reveal OpenAI power struggle
April 27 : The bitter legal fight between Elon Musk and the leading artificial intelligence firm, OpenAI, led by Sam Altman, may come down to a few pages in one executive's personal diary. "This is the only chance we have to get out from Elon," wrote Greg Brockman, OpenAI's presi ...
1 day ago
Elon Musk's trial against Sam Altman to reveal the ongoing power struggle for OpenAI
April 27 : The bitter legal fight between Elon Musk and the leading artificial intelligence firm, OpenAI, led by Sam Altman, may come down to a few pages in one executive's personal diary. "This is the only chance we have to get out from Elon," wrote Greg Brockman, OpenAI's presi ...
1 day ago
Beijing blocks Meta's acquisition of Chinese AI startup Manus
Meta, which owns Facebook, acquired Manus in December 2025 for more than US$2 billion in a bid to boost its capabilities in AI agents.
1 day ago
Indonesia's March refined tin exports at 4,655 metric tons, official data show
JAKARTA, April 27 : Indonesia exported 4,655.03 metric tons of refined tin in March, down 19.46 per cent from the same month last year, data from the trade ministry showed on Monday. Month Exports (metric tons) Y/Y pct change 2026
1 day ago
Singapore’s manufacturing output beats forecasts in March, but chemicals decline signals emerging Iran war risk
Tessa Oh - Strong factory growth points to an upward revision of Q1 GDP growth to around 5.2%, economists say
1 day ago
ST Engineering wins $4.8 bil in new contracts in 1QFY2026
The Edge Singapore - Singapore Technologies Engineering has secured some $4.8 billion in new contracts in the first quarter of the year, with half of the value coming customers in the defence and public security space. On top of local contracts, the company has a growing momentum of international defence wins, especiall ...
1 day ago
Olam Group completes 44.58% stake sale in Olam Agri to SALIC for US$1.88 bil
Lin Daoyi - In a bourse filing on April 27, Olam Group says that it has completed the sale of a 44.58% stake in Olam Agri to the Saudi Agriculture & Livestock Investment Company (SALIC) which will now own 80.01% of Olam Agri. SALIC is paying around US$1.88 ($2.4) billion for the stake, valuing Olam Agri at ...
1 day ago
South Korean shares hit record as chipmakers rally ahead of earnings
[SEOUL] South Korean shares jumped more than 2 per cent to a record close on Monday (Apr 27), as chipmakers rallied ahead...
1 day ago
BP gains on Exxon to emerge as top big-oil stock during Iran war
The windfall comes at a crucial time for the former, with its shares being the sector’s worst-performing since 2020