1 day ago
Trump says he expects to host China’s Xi in US around Sep 24
A visit on that date in Washington would happen alongside the annual high-level meeting of the United Nations General Assembly
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
US stocks: S&P 500, Nasdaq close sharply higher as Broadcom rallies
SK Hynix is set to debut on the Nasdaq later this week
1 day ago
Intel-backed software company Syntiant files for US IPO
July 6 : Syntiant Corp, a semiconductor and AI software company focused on "physical AI", filed for a U.S. initial public offering on Monday, seeking to capitalize on investor enthusiasm for AI and computing.The listing is the latest in a string of AI-related IPOs this year, amid a broader ...
1 day ago
Semiconductor and software company Syntiant Corp files for US IPO
July 6 : Semiconductor and software company Syntiant Corp filed for an initial public offering in the United States on Monday.The listing is the latest in a string of AI-related IPOs this year, amid a broader revival in the U.S. IPO market as companies seek to capitalize on growing investor confiden ...
1 day ago
European shares retreat after hitting record high; easyJet surges on takeover offer
Industrial orders in the eurozone’s largest economy rise more than expected in May
1 day ago
Vista Equity, Quinti Capital offer to buy French adtech firm Criteo, sources say
July 6 : Vista Equity Partners and investment firm Quinti Capital have offered to acquire French advertising-technology company Criteo, two sources familiar with the matter said Monday.• The firms submitted an offer last week that valued Criteo at more than a 50 per cent premium to its recent shar ...
1 day ago
Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico
WASHINGTON, July 6 : Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico.The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and ...
2 days ago
Exclusive-US cyber agency is using Anthropic's Mythos to audit government code, sources say
WASHINGTON, July 6 : The U.S. cyber defense agency CISA is using Anthropic's AI model Mythos to audit government software, three people familiar with the matter said on Monday, another sign of government enthusiasm for adopting the AI startup's tools even as the company navigates an ongoin ...
2 days ago
US Supreme Court won't block Texas app store age verification law
WASHINGTON, July 6 : The U.S. Supreme Court declined on Monday to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent, to download apps or make purchases, acting in a challenge on free speech grounds by a technolog ...
2 days ago
NASA rover takes a closer look at organic carbon on Mars
WASHINGTON, July 6 : Using NASA's Perseverance rover, scientists are getting a greater understanding of the nature of some of the organic carbon — the molecular backbone for all known living organisms — detected on Mars as they explore the question of whether Earth's planetary neighbor ...
2 days ago
Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge
July 6 : A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive down the social media company's stock price after agreeing to a $44 billion takeover.U.S. District Judge Charles Br ...
2 days ago
US judge rejects Elon Musk's bid to set aside Twitter fraud verdict
July 6 : A federal judge on Monday rejected Elon Musk's bid to dismiss a recent jury verdict finding that the world's richest person defrauded Twitter investors when buying the social media company, despite finding that Musk was not liable for one of his challenged tweets.U.S. District Jud ...
2 days ago
Volkswagen CEO faces acid test from unions over swingeing job cut plans
The plans will include significant cost reductions, the four plant closures and roughly 50,000 extra job cuts, sources say
2 days ago
Gold falls after weekly gain as Fed rate-hike concerns recede
Spot gold declines 0.9% to US$4,140.32 an ounce
2 days ago
Lockheed to buy Ultra Maritime for US$3.45 billion in sea push
[NEW YORK] Lockheed Martin agreed to buy naval defence business Ultra Maritime, which focuses on submarine detection systems, for US$3.45 billion as...
2 days ago
Microsoft’s Xbox to cut 3,200 jobs, divest five studios in major overhaul
[NEW YORK] Microsoft Corp’s Xbox plans to eliminate 3,200 jobs, or around 20 per cent of its staff over the next year, as...
2 days ago
Wall St opens higher as chip shares recover
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Jul 6), extending last week’s rally as chip stocks rebounded, while investors...
2 days ago
Microsoft joins AI-driven tech layoff wave with 4,800 job cuts
Microsoft is cutting about 2.1 per cent of its workforce, or roughly 4,800 jobs, the latest in a wave of tech layoffs as the Windows maker spends heavily on AI infrastructure and uses the technology to improve efficiency across its business.Big Tech's historic AI outlays, set to top US$700 bill ...
2 days ago
TeraWulf jumps on $19 billion data center lease deal with Anthropic
July 6 : TeraWulf said on Monday it signed a 20-year lease with Anthropic for data center infrastructure, a deal expected to generate about $19 billion in contracted revenue, sending the bitcoin miner's shares up more than 10 per cent in early trading.The deal secures long-term, recurring reven ...
2 days ago
AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
July 6 : Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discretionary, transport and biotechnology shares. In a note dated Monday, the brokerage ...
2 days ago
Micron, Ford sign semiconductor supply agreement for vehicles
July 6 : Micron Technology and Ford Motor on Monday signed a long-term agreement to secure the supply for memory and storage platforms used in the automaker's next-generation vehicle production.This comes days after Micron's similar agreement with General Motors, as part of the chipm ...
2 days ago
ECB payment system suffers second outage in a week
FRANKFURT, July 6 : The European Central Bank's payment system on Monday suffered a second, short outage in the space of a week due to a glitch caused by a software update.The T2 system, which handles trillions of euros of daily transactions, was down for roughly 40 minutes in the early hours o ...
2 days ago
Blackstone, CVC and MUFG among bidders for stake in Vietnam’s fintech firm MoMo: sources
The investor interest comes as Vietnam’s digital financial services market expands
2 days ago
Solstice buys Element Solutions in $14.5 billion deal, sharpens focus on AI market
July 6 : Honeywell spinoff Solstice Advanced Materials said it will buy peer specialty chemical company Element Solutions in a $14.5 billion deal, as it seeks to capitalize on growing demand from AI data centers and the chip industries.The deal would create a larger supplier of materials used in sem ...
2 days ago
Honeywell spinoff Solstice to buy Element Solutions for $14.5 billion
July 6 : Honeywell spinoff Solstice Advanced Materials said on Monday it will buy Element Solutions at about $14.5 billion, including debt, in a cash-and-stock deal.The deal comes less than a year after Solstice completed its spin-off from industrial conglomerate Honeywell International. The combina ...
2 days ago
Broadcom, Apple extend chip partnership through 2031
The extended partnership reinforces Apple’s strategy of locking in long-term supply agreements with key chipmakers
2 days ago
Malaysia sets July hearing on Lynas-Pentagon US$96 million rare earths deal
The hearing is aimed at ascertaining details of the deal and whether it breaches any local policies
2 days ago
Broadcom, Apple extend chip supply deal through 2031
July 6 : Broadcom said on Monday it has agreed to expand its partnership with Apple through 2031 to develop and supply a range of custom chips, sending the shares of the chipmaker up nearly 4 per cent in premarket trading.Broadcom has been a supplying key components to Apple for a very long time, in ...
2 days ago
US dollar edges up; keeps yen pinned near 40-year lows
The dollar found its feet after having posted its worst weekly performance since April last week
2 days ago
Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy's public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per ...
2 days ago
Hedge funds dumped chip stocks for a fourth week as AI shares sold off
LONDON, July 6 : U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent decline in global chip shares and just before many of these companies will report earnings.Tech shares and especially semiconductors ...
2 days ago
Nvidia chips case: Man charged with fraud allegedly used over S$38m in ill-gotten gains to buy house
Alan Wei Zhaolun, 50, is accused of using more than S$38 million to buy a house in Chee Hoon Avenue, near Adam...
2 days ago
Indonesia’s long-term draw intact despite market, currency jitters, says new SBF chairman
Renald Yeo - The business chamber and Indonesia’s Kadin sign 2-year agreement to help companies trade more easily across borders
2 days ago
Nvidia supplier Unimicron seeks US$1.4 billion share sale amid AI boom
An AI frenzy that has lifted the Taiwanese chip supplier’s stock more than 700% over the past 12 months