3 days ago
Don’t misinterpret Temasek as giving up on its net-zero ambition, say executives
Janice Lim - Acknowledgement that it is unlikely to meet 2030 decarbonisation goals should be seen as a call to action
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Singapore’s key exports rise 20.7% in June, missing forecasts despite AI-led electronics boom
Low Youjin - Electronic shipments surge 105.1% in June
3 days ago
Singapore’s key exports rises 20.7% in June, missing forecasts despite AI-led electronics boom
Low Youjin - Electronic shipments surged 105.1 per cent in June
3 days ago
Stocks to watch: Geo Energy Resources
Deon Loke - [SINGAPORE] The following company saw new developments that may affect trading of its securities on Friday (Jul 17):
3 days ago
Gold on track for biggest weekly loss in six weeks as Iran war fans inflation worries
Higher oil prices stoke inflation concerns, raising expectations of elevated interest rates
3 days ago
Gold falls to two-week low as escalating Middle East tensions reinforce US rate-hike bets
Higher oil prices stoke inflation concerns, raising expectations of elevated interest rates
3 days ago
Gold set for biggest weekly drop since early June on inflation, rate-hike worries
Higher oil prices stoke inflation concerns, raising expectations of elevated interest rates
3 days ago
Kioxia owes Viasat $229 million for infringing flash-memory patents, US jury says
July 16 : A federal jury in Waco, Texas said on Thursday that Japanese chipmaker Kioxia owes satellite-communications company Viasat $229 million for infringing a patent covering computer memory technology, according to a court document.• The jury determined that Kioxia's flash-memory devices ...
3 days ago
Hin Leong’s US$2.6 billion claim against Deloitte struck out by apex court
Tay Peck Gek - The auditor is not liable for trading losses incurred by the company from November 2015 to mid-April 2020
3 days ago
GovTech layoffs: ‘No one is safe’ or ‘No one is to blame’?
Janice Heng - Clear explanations can help reduce the uncertainty and resentment that often accompany retrenchment exercises
3 days ago
SpaceX's Starship rocket aborts before liftoff, Musk says launch probable next week
WASHINGTON, July 16 : SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas on Thursday as some of its 33 engines failed to start, with CEO Elon Musk saying it will likely try to launch again early next week.Shares of SpaceX, which went public ...
3 days ago
SpaceX Starship rocket aborts before liftoff in 13th flight test attempt
WASHINGTON, July 16 : SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas on Thursday, postponing the mission by at least 24 hours with the company studying what likely caused the automated scrub."We did trigger a hold on the booster th ...
3 days ago
Hormuz traffic slumps as Iran and US step up attacks
Iran has asked its Houthi allies in Yemen to close the Red Sea oil route if the US strikes Iran’s power network,...
3 days ago
Iran and US step up attacks as Teheran disputes release of detained American citizen
Iran has signalled it could prod its Houthi allies in Yemen to close the Bab al-Mandeb at the mouth of the Red...
3 days ago
Iran and US step up attacks as Teheran disputes release of American
Iran has signalled it could prod its Houthi allies in Yemen to close the Bab al-Mandeb at the mouth of the Red...
3 days ago
Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
Iran has told Houthi allies to be prepared to close the Red Sea oil route if the US strikes Iranian power infrastructure
3 days ago
Oil settles lower but remains near one-month high amid escalating US-Iran tensions
Iran has asked Yemen’s Houthis to be ready to close the Red Sea oil route if the US strikes Iranian power infrastructure
3 days ago
PayPal board sees Stripe-Advent offer as inadequate, sources say
(Refiiles to remove duplication of Stripe no comment)By Milana Vinn and Manya SainiJuly 16 : PayPal’s board sees a $53 billion takeover bid by rival Stripe and private equity firm Advent International as undervaluing the company and facing regulatory and financing hurdles, a person familiar with t ...
3 days ago
Exclusive-PayPal board sees Stripe-Advent offer as inadequate, sources say
July 16 : PayPal’s board sees a $53 billion takeover bid by rival Stripe and private equity firm Advent International as undervaluing the company and facing regulatory and financing hurdles, a person familiar with the matter said, potentially setting the stage for negotiations over the future of t ...
3 days ago
Wall Street ends lower as chip weakness offsets solid earnings, upbeat US economic data
The weakness in chips demonstrated the lofty expectations for a sector that has soared by nearly 70% so far in 2026
3 days ago
European shares notch modest gains as US-Iran conflict tempers earnings cheer
Europe headed for strongest earnings season since 2022
3 days ago
Netflix earnings forecast disappoints investors, shares tumble
LOS ANGELES, July 16 : Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the amount of information it discloses on viewing hours as the streaming video pioneer seeks new avenues of growth in a competitive media ...
3 days ago
Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
July 16 : Alphabet's Google is months behind schedule on the release of Gemini 3.5 Pro, its most powerful flagship AI model, as the tech giant works to improve its capabilities, particularly in coding, Bloomberg News reported on Thursday.The delay comes amid fierce competition among AI develope ...
3 days ago
Dassault Systemes in talks to buy drug trial software firm ArisGlobal, FT reports
July 16 : French software maker Dassault Systemes is in talks to buy drug-trial software maker ArisGlobal from Nordic Capital for about $2 billion, the Financial Times reported on Thursday, citing people familiar with the matter.• The potential deal would extend Dassault Systemes' foray into ...
3 days ago
Citadel Securities invests $400 million in Crypto.com at $20 billion valuation
July 16 : Crypto.com said on Thursday that market maker Citadel Securities had invested $400 million in the crypto exchange at a $20 billion valuation, in its first-ever institutional fundraising round.Banks, exchanges and asset managers have rapidly blurred the line between traditional finance and ...
3 days ago
Scientists find new monkey species in Congo's rainforest
July 16 : Scientists have identified a new species of monkey in Democratic Republic of Congo's rainforest, distinguished by patches of light-colored skin around its mouth, Florida Atlantic University said in a statement.• The discovery marks only the fifth new monkey species identified in Afr ...
3 days ago
Brookfield-backed Csquare valued at $3.2 billion in NYSE debut
July 16 : Brookfield-backed data center provider Csquare's shares opened marginally lower before closing 1.57 per cent lower in their New York Stock Exchange debut on Thursday, after the initial public offering was priced below its marketed range.Shares opened at $20.9 after the Dallas-based co ...
3 days ago
Brookfield-backed Csquare valued at $3.24 billion in NYSE debut
July 16 : Brookfield-backed data center provider Csquare's shares opened marginally lower before trading down about 3 per cent in their New York Stock Exchange debut on Thursday, after the initial public offering was priced below its marketed range.Shares opened at $20.9 after the Dallas-based ...
3 days ago
US wireless carrier Verizon to sell 274 stores, lay off another 500 corporate employees
July 16 : U.S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring.The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale, effective August 16. ...
3 days ago
Italy fines WINDTRE €1.7 million over data breaches
MILAN, July 16 : Italy's data protection authority has fined telecoms operator WINDTRE €1.7 million ($1.94 million) for "serious shortcomings" in its data security systems, leading to two unauthorised breaches and the exposure of personal information belonging to more than 365,000 c ...
3 days ago
US agency denies Tesla petition to avoid recall fix over headlight issue
WASHINGTON, July 16 : The National Highway Traffic Safety Administration on Thursday said it was denying a 2024 petition filed by Tesla to avoid a recall fix for nearly 20,000 vehicles with headlights that may exceed maximum lighting levels.Tesla argued the issue was inconsequential to motor vehicle ...
4 days ago
Geo Energy’s new infrastructure unit to boost Ebitda by up to US$350 million annually
Ranamita Chakraborty - Newly operational Marga Bara Jaya integrated unit marks a new source of earnings beyond coal mining
4 days ago
Short sellers notch $8.7 billion profit as SpaceX shares dip to IPO price
NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering last month, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers, ...
4 days ago
Short sellers rack up $8.7 billion profit as SpaceX slips below IPO price -Ortex
NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers aim to sell ...