1 day ago
Gold holds fall as traders digest confusion over US-Iran talks
Oil clocking its biggest gain in about a month on Monday while bond yields and the US dollar climbed
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Stocks to watch: DBS, Nio, Thomson Medical Group, Concord New Energy, Jumbo Group, mm2 Asia
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 2):
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Nvidia’s AI chips sought by Chinese labs with ties to military
Salamat Sanwan - Two of the institutions that have expressed interest in the H200 chips rank among China’s “Seven Sons of National Defence”
1 day ago
SEC defends Musk settlement over Twitter, saying it reflects 'compromises'
June 1 : The U.S. Securities and Exchange Commission defended its settlement with Elon Musk over his purchase of Twitter shares, saying it reflected "compromises" and was not tainted by collusion, after the judge overseeing the case said the accord raised "red flags."In a filing ...
1 day ago
Executive search firms still needed for C-suite search even as AI reshapes hiring
Meera Pathmanathan - The tech is helping companies identify ‘hidden-gem candidates’ whose skills may otherwise be overlooked
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South Korea inflation hits two-year high, imminent rate hike in play
SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening as early as next month.The consumer price index (CPI) rose 3.1 per ...
1 day ago
South Korea May inflation quickens to two-year high, exceeds forecasts
SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening in the coming months. The consumer price index (CPI) rose 3.1 per c ...
2 days ago
Rising land bids push new condo prices into focus – will S$3,000 psf be a new normal?
Ry-Anne Lim - Strong take-up at new launches fuels developer confidence, but higher land costs will test buyer demand
2 days ago
As ‘tokenmaxxing’ and AI costs take off, companies turn to private token factories: Dell
Benjamin Cher - Cost-cutting aside, having such machines on-premise is better for data security, firms realise
2 days ago
The next phase of South-east Asia’s energy transition: Fixing the grid
Tan Ai Leng - Renewables are growing fast, but the region’s push to boost green power hinges on upgrading ageing infrastructure
2 days ago
Worried over job prospects? Young adults should go forth fearlessly to buy an HDB BTO flat
Leslie Yee - Bank on creating wealth from purchasing a subsidised home amid rising uncertainty
2 days ago
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully
Genevieve Cua - Consumers should educate themselves about the Retirement Sum Scheme and CPF Life, and view how these fit into their retirement plan
2 days ago
Lebanon announces partial ceasefire between Israel, Hizbollah but attacks continue
No US president has ever spoken with the militia, with or without intermediaries
2 days ago
Lebanon announces partial ceasefire between Israel, Hezbollah but attacks continue
No US president has ever spoken with the militia, with or without intermediaries
2 days ago
Interactive Brokers offers use of Claude AI to investors
Lin Daoyi - Investors may now use agentic artificial intelligence (AI) to trade stocks and manage their portfolios on Interactive Brokers (IBKR), which has announced direct integration with Claude AI. Through the AI integration, an investor using IBKR can research stocks, analyse performance and generate trade ...
2 days ago
Wall Street ends higher, boosted by tech gains, US-Iran peace hopes
The intensification of hostilities sent crude prices jumping, along with worries over the extent to which a protracted war could accelerate inflation
2 days ago
European shares hit one-week low as Middle East risks deepen
The luxury sector is down more than 18% this year
2 days ago
DriveNets secures $410 million in latest funding round, AMD joins as investor
June 1 : DriveNets, an Israeli networking software firm, said it has raised $410 million in its latest funding round led by Bessemer Venture Partners and Atreides Management, taking its total capital-raise so far to $1 billion.New investors AMD and Red Dot Capital joined the round, while existing in ...
2 days ago
Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
June 1 : Alphabet is looking to raise $80 billion in equity offerings, including via an investment deal with Berkshire Hathaway, the Google parent said on Monday, in its aggressive push to fund a costly expansion of its AI infrastructure. The deal also brings in Warren Buffett's diversified hol ...
2 days ago
Instant View: Anthropic IPO filing ratifies Wall Street's AI obsession
NEW YORK, June 1 : AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up a watershed moment for Wall Street's AI frenzy. Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while Elon Musk ...
2 days ago
HPE lifts forecast past 2028 goals on robust AI demand, shares surge 36%
June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading.HPE, which competes with Dell and Super Micr ...
2 days ago
HPE fast forwards to 2028 goals on robust AI demand, shares surge 36%
June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading.HPE, which competes with Dell and Super Micr ...
2 days ago
HPE expects to achieve 2028 financial targets this year after record quarter on AI boom
June 1 : Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 36 per cent in extended trading.HPE, which competes with Dell and Super Micr ...
2 days ago
Sen. Warren calls for Trump to close "loophole" allowing AI chips to be sent to overseas units of Chinese firms
WASHINGTON, June 1 : Democratic Senator Elizabeth Warren is calling on the Trump administration to close a "loophole" that has potentially allowed advanced American AI chips to be sent to overseas units of Chinese firms, according to a statement seen by Reuters. Warren, who serves as ranki ...
2 days ago
AI-driven labor displacement risks to remain low in near term, Bridgewater says
June 1 : Risks of widespread job losses from AI are expected to remain limited this year, according to Bridgewater Associates, with constraints on computing capacity and a resilient economy blunting the technology's near-term impact on employment.Here are more details from the research report: ...
2 days ago
Seagate reaches US$175 million settlement of shareholder claims it concealed sales to China's Huawei
Seagate Technology reached a US$175 million settlement of a lawsuit claiming it defrauded shareholders by concealing it violated US export control laws by selling more than US$1.1 billion of hard disk drives to China's Huawei Technologies.A preliminary settlement of the proposed class action ag ...
2 days ago
Florida becomes first state to sue OpenAI over child safety risks
June 1 : Florida sued OpenAI and its CEO Sam Altman on Monday, accusing the company of misrepresenting the safety of its ChatGPT platform, which the lawsuit said has harmed children by providing information to school shooters, offering guidance on self-harm and addicting young users.Marking the firs ...
2 days ago
Anthropic moves toward IPO, stepping up race with OpenAI
June 1 : AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely watched race to reach public markets.The move sets up an early test of whether investor appetite for artificial intelligence, which has fuele ...
2 days ago
Anthropic confidentially files for US IPO, beating OpenAI
June 1 : AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, taking an early lead over rival OpenAI in a race that will define the future business shape of artificial intelligence. The move sets up a high-stakes test of whether investor appetit ...
2 days ago
AI giant Anthropic confidentially files for US IPO as investors bet big on AI future
June 1 : AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up what could become the watershed moment for Wall Street's AI frenzy.The move sets up a high-stakes test of whether investor appetite for the AI revolution that has reshaped white- ...
2 days ago
Stocks steady at record highs as AI optimism trumps Iran tensions
NEW YORK: Global stocks clung to record highs on Monday (Jun 1) as strong corporate results, fueled in part by artificial intelligence optimism, outweighed
2 days ago
Stocks hold near record highs as AI optimism trumps Iran tensions
NEW YORK: Wall Street stocks posted modest gains on Monday (Jun 1) as investors watched developments in US-Iran peace negotiations and cheered the unveiling of a new computer
2 days ago
Nvidia to work with US, European humanoid robot makers in addition to China's Unitree
SAN FRANCISCO: Nvidia plans to work with humanoid robot makers in the US, Europe and South Korea in addition to China's Unitree to build robots for researchers, according to the AI chip company's executives.After CEO Jensen Huang's keynote address in Taiwan on Monday ahe
2 days ago
Oil prices slip after Trump says talks with Iran to end war are ongoing
Trump told ABC News that he expected a deal to extend the ceasefire and reopen Hormuz “over the next week”