1 day ago
Oil prices close at one-month low as US pauses tariffs on Mexico
OIL prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, as...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Clorox raises guidance after quarterly sales top estimates
Clorox has been spending more on marketing while discounting some products
1 day ago
Commentary: Supersonic jets are making a comeback - but despite the hype, don’t expect to book yet
American company Boom Supersonic just broke the sound barrier with a civilian plane. University of Queensland's Chris James explains what exactly is supersonic travel, and when we can expect it.
1 day ago
Slower growth, souring business sentiment: How Trump's tariffs could hurt Singapore's economy
Analysts say the impact would be cushioned by other factors, but could worsen if more countries are targeted by US tariffs.
1 day ago
Palantir forecasts 2025 revenue above estimates on AI strength, shares surge
:Data analytics firm Palantir forecast first-quarter and annual revenue above Wall Street estimates on Monday, betting on robust demand for its software from companies adopting generative AI, sending its shares up about 12 per cent after the bell.Businesses pushing to deploy the most sophisticated g ...
1 day ago
Palantir advises clients against using DeepSeek's AI tech; forecasts upbeat 2025 revenue
:Palantir recommends its clients steer clear of Chinese startup DeepSeek's AI models, a senior executive of the data analytics company said on Monday, days after doubts were raised about the United States' lead in AI technology."We would strongly discourage it (DeepSeek) and don' ...
1 day ago
Five key themes shaping Singapore’s economic outlook in 2025
Despite global uncertainties, the country’s better-than-expected fiscal position provides room for additional support this year
1 day ago
CapitaLand Investment to seed future data centre fund with US$700m investment in Japan
Yong Jun Yuan - It is making disciplined acquisitions without acting like ‘a kid in a toy store’, says CLI’s Manohar Khiatani
1 day ago
Push by Taiwanese circuit board manufacturers energises Thai electronics sector
A new wave of investments is strengthening S-E Asian kingdom’s printed circuit board (PCB) production
1 day ago
Alphabet faces scrutiny on AI spending as Google cloud growth slows
Alphabet will face investor scrutiny over its massive spending on AI when it reports earnings on Tuesday, as revenue growth at the Google parent likely slowed in the holiday quarter due to a slowdown in its advertising and cloud businesses.Like other U.S. technology heavyweights, Alphabet faces new ...
1 day ago
Trump orders creation of US sovereign wealth fund, says it could buy TikTok
WASHINGTON : U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok."We're going to stand this thing up within the next 12 months. We're going to monetize the ...
1 day ago
Trump says newly created US sovereign wealth fund could buy TikTok
WASHINGTON : U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok.TikTok, which has about 170 million American users, was briefly taken offline just before a law requiring ...
1 day ago
Ontario cancels Starlink contract in latest Canadian tariffs protest
OTTAWA : The Canadian province of Ontario on Monday announced it was cancelling a C$100 million ($68.12 million) contract with Elon Musk's Starlink, the latest retaliatory move against tariffs announced by U.S. President Donald Trump.Ontario, the most populous of the 10 provinces and Canada ...
2 days ago
Complaint about DeepSeek filed with Belgian privacy watchdog
BRUSSELS : The Belgian data protection agency has received a complaint about Chinese artificial intelligence firm DeepSeek, a spokesperson for the Belgian privacy watchdog said on Monday, a move that may lead to an investigation."We can confirm that we have received a complaint about DeepSeek. ...
2 days ago
Mexico's Sheinbaum says tariffs delayed for one month
Bloomberg - President Claudia Sheinbaum said US tariffs against Mexico will be delayed for one month after a conversation with Donald Trump on Monday. “Tariffs were paused for a month from now,” Sheinbaum said in a post on X. The Mexican peso gained 0.8% after her comments. Trump confirmed the information ...
2 days ago
Opec+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday (Feb 3) and removed the US...
2 days ago
US: Wall St slides at open as Trump's tariffs trigger risk aversion
Wall Street’s main indexes dropped at the open on Monday (Feb 3) as fears of a full-blown trade war and its impact...
2 days ago
Investor questions rationale of extending trading suspension of Great Eastern Holdings
Goola Warden - “The delisting process of a publicly traded company often comes with challenges, particularly when minority shareholders refuse to tender their shares. In cases where a delisting attempt fails due to insufficient acceptances, an alternative strategy may emerge,” says investor Ong Chin Woo. He te ...
2 days ago
mm2's Cathay Cineplexes owes rent of more than $2.68 million, mulls restructuring
The Edge Singapore - mm2 Asia says its associated company Cathay Cineplexes owes rent of more than $2.68 million to various landlords including Frasers Centrepoint Trust . According to mm2 Asia , Cathay Cineplexes on Feb 3 and Feb 10 received letters of demand for a total amount of $2.2 million due FCT, which owns Caus ...
2 days ago
Philippines declares food security emergency to tame rice prices
The “extraordinary” rise in local rice prices, despite lower global market costs and a reduction in tariffs last July, prompted the move
2 days ago
Dollar surges on Trump's tariffs, sending peers to multi-year lows
The dollar surged on Monday (Feb 3), pushing its Canadian counterpart and the Mexican peso to multi-year lows, while China’s yuan slumped...
2 days ago
Cathay Cineplex receives letters of demand for about S$2.7 million in rent and other costs owed
Tessa Oh - MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations
2 days ago
Singapore factory activity cools in January, amid region-wide slowdown
Sharon See - Across the region, only South Korea bucks the trend, swinging back to expansion in January
2 days ago
China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis
CHINA Evergrande New Energy Vehicle said on Monday (Feb 3) it is struggling to attract strategic investors amid a severe liquidity crisis,...
2 days ago
AMD's AI bets face investor scrutiny as Big Tech switches to custom chips
AMD investors will closely examine the chip designer's artificial intelligence strategy when it reports fourth-quarter results on Tuesday as Big Tech's shift to custom silicon raises doubts about its place in the AI infrastructure race.Analysts expect AMD's December-quarter revenue to ...
2 days ago
Trump’s meme coin made nearly US$100 million in trading fees, as small traders lost money
ENTITIES behind President Donald Trump’s crypto coin have accumulated close to US$100 million in trading fees in less than two weeks, according...
2 days ago
Money launderer Vang Shuiming, deported after Singapore jail time, arrested in Montenegro: report
Megan Cheah - This comes after an international warrant of arrest was issued against him, says Montenegrin newspaper Vijesti
2 days ago
Convict in Singapore’s largest money laundering scandal Vang Shuiming arrested in Montenegro: report
Megan Cheah - This comes after an international warrant of arrest was issued against him, says Montenegrin newspaper Vijesti
2 days ago
Google to ask US appeals court to overturn app store verdict
Lawyers for Alphabet's Google and "Fortnite" maker Epic Games are set to square off before a U.S. appeals court in California on Monday, as Google tries to undo a jury verdict and a judge's order forcing it to revamp its app store.Google has argued in court filings to the San Fra ...
2 days ago
Google asks US appeals court to overturn app store verdict
:Lawyers for Alphabet's Google and "Fortnite" maker Epic Games squared off before a U.S. appeals court in California on Monday, as Google tries to undo a jury verdict and a judge's order forcing it to revamp its app store.Google's lawyer argued to the San Francisco-based 9th ...
2 days ago
Sembcorp’s missed renewables profit contribution is not 'unexpected' or 'concerning', says Citi
Felicia Tan - Citi Research analyst Luis Hilado has kept his “buy” call on Sembcorp Industries even though the group is likely to miss its 70% profit contribution target from its renewables business by FY2025. Sembcorp first mentioned these targets at its investor day for FY2021. Broadsheet The Business Times ...
2 days ago
Market attention on Digital Core REIT over Lindon Hall data centre could be an ‘over-reaction’: DBS
Felicia Tan - Now would be a good time to buy into Digital Core REIT, say DBS Group Research analysts Dale Lai and Derek Tan. The analysts believe that the REIT is now at an “attractive” re-entry point with its share price of 54 US cents (74 cents) as at Feb 3, representing around 0.9 times the REIT’s P/B a ...
2 days ago
Market attention on Digital Core REIT over Linton Hall data centre could be an ‘over-reaction’: DBS
Felicia Tan - Now would be a good time to buy into Digital Core REIT, say DBS Group Research analysts Dale Lai and Derek Tan. The analysts believe that the REIT is now at an “attractive” re-entry point with its share price of 54 US cents (74 cents) as at Feb 3, representing around 0.9 times the REIT’s P/B a ...
2 days ago
Daily Debrief: What Happened Today (Feb 3)
Stories you might have missed