1 day ago
Oil prices slide 3% as some ships transit Strait of Hormuz
Governments worldwide are trying to shield consumers from soaring energy costs
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Wall Street ends higher as traders return to AI stocks
The Fed is widely expected to leave interest rates unchanged at the end of its two-day meeting on Wednesday
1 day ago
Commentary: Tech companies are blaming massive layoffs on AI. What’s really going on?
Genuine disruption from artificial intelligence is visible in specific corners of the labour market, but the scale of that disruption is commonly overstated, says this professor.
1 day ago
European shares snap three-day losing streak as oil prices retreat
Investors have been highly sensitive to crude prices, which have soared since the US and Israeli strikes on Iran began more than...
1 day ago
Nvidia bets on AI inference as chip revenue opportunity hits $1 trillion
SAN JOSE, California, March 16 : Nvidia said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, as the company outlined a strategy to compete more aggressively in the fast-growing market for running AI systems in real time.CEO Jensen Huang unve ...
1 day ago
Roche ramps up AI computing capacity with Nvidia chip expansion
BERLIN, March 16 : Swiss drugmaker Roche said on Monday it had expanded its artificial intelligence computing capacity with more than 2,100 Nvidia chips to support drug and diagnostics development.Roche said the additional hardware would speed up work across its research and development operations, ...
1 day ago
Uber, Nvidia plan robotaxi rollout in 28 cities starting next year
March 16 : Uber Technologies and Nvidia said on Monday they will deploy a fleet of robotaxis powered by Nvidia's autonomous driving software on the ride-hailing network, starting in Los Angeles and San Francisco in 2027 and expanding to 28 cities globally by 2028.Robotaxis are rapidly expanding ...
1 day ago
Skild AI, Nvidia deploy robot brain on Blackwell assembly lines
March 16 : Skild AI's artificial intelligence model will power robots manning Foxconn's assembly lines in Houston, where Nvidia's Blackwell GPU server racks are built, in what the companies described as an early commercial deployment of generalized physical AI.The startup, backed by N ...
1 day ago
Nvidia strikes humanoid robot partnerships with European chipmakers
AMSTERDAM, March 16 : European chipmakers Infineon, NXP and STMicroelectronics on Monday all announced partnerships with Nvidia to sell hardware for humanoid robots, as they vie for business in a potentially lucrative market.U.S. chipmaker Nvidia coordinated the announcements on the eve of its annua ...
1 day ago
Dell workforce drops 10% in fiscal 2026, filing shows
March 16 : Dell's total workforce declined by about 10 per cent, or 11,000 employees, in fiscal 2026, it said on Monday, a sign that the AI server maker is limiting external hiring to reduce costs.The company spent $569 million in severance payments in this period, compared with $693 million a ...
1 day ago
US court rules against S Korean gaming company and its AI-hatched takeover plan
WILMINGTON, Delaware, March 16 : A Delaware judge ordered on Monday that South Korean game developer Krafton Inc reinstate the head of one of its video game studios, ruling that he had been improperly removed as part of a takeover plan hatched by ChatGPT.Krafton's CEO Changhan Kim had largely f ...
1 day ago
CK Hutchison's Panama unit says country failed to respond to arbitration claim by deadline
PANAMA CITY, March 16 : Hong Kong conglomerate CK Hutchison's Panama subsidiary said on Monday that the Central American nation's government failed to respond to an international arbitration claim submitted by the firm by the March 13 deadline.Panama's government in January annuled th ...
1 day ago
EU fails to extend rules on child abuse content detection by online platforms
BRUSSELS, March 16 : EU countries and lawmakers on Monday failed to agree to an extension of a temporary measure governing how Alphabet's OGL.O> Google, Meta Platforms and other online platforms tackle child sexual abuse material, leaving a legal vacuum on the issue.The current system of vol ...
1 day ago
Molten alien planet with sulfur-choked atmosphere displays unique hellscape
WASHINGTON, March 16 : Astronomers have spotted a planet orbiting a star in our neighborhood of the Milky Way galaxy that presents a unique hellscape - covered with a perpetual ocean of magma and enveloped by a noxious and fiercely hot sulfur-rich atmosphere.The molten planet's diameter is more ...
1 day ago
Singapore, 9 other countries back permanent ban on tariffs on digital transmissions ahead of WTO meeting
The ten members of the Future of Investment and Trade Partnership expressed support for such a measure after convening virtually ahead of the 14th WTO Ministerial Conference, scheduled for Mar 26 to 29.
1 day ago
Iran war upheaval jolts shipping fuel suppliers in Singapore
Some distributors are prioritising preferred customers, and either trimming or canceling other sales
2 days ago
Reliance signs US$3 billion green ammonia supply deal with South Korea's Samsung C&T
Supply under the deal will begin in the second half of fiscal year 2029
2 days ago
VinFast quarterly loss widens as costs bite
Vietnamese EV maker expects to resume construction of a US manufacturing plant this year
2 days ago
Banks launch sale of EA buyout's $5.75 billion cross-border loan
WASHINGTON, March 16 : A JPMorgan-led group of banks on Monday began marketing to investors a $5.75 billion loan helping finance the leveraged buyout of Electronic Arts, according to a term sheet seen by Reuters.The seven-year term loan B consists of a $4 billion U.S. dollar portion as well as a 1.5 ...
2 days ago
Encyclopedia Britannica sues OpenAI over AI training
March 16 : Encyclopedia Britannica and its Merriam-Webster subsidiary have sued OpenAI in Manhattan federal court for allegedly misusing their reference materials to train its artificial intelligence models.Britannica said in the complaint filed on Friday that Microsoft-backed OpenAI used its online ...
2 days ago
Apple unveils second-generation AirPods Max at $549, more than five years after debut
March 16 : Apple on Monday unveiled the second generation of its premium AirPods Max over-ear headphones at $549, more than five years after the first version's launch.The update marks Apple's first major refresh of the over-ear headphones since their 2020 debut, as the company adds new fe ...
2 days ago
Wall St opens higher as tech stocks gain; investors weigh Middle East conflict
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Mar 16) with shares of Meta among the top gainers after a...
2 days ago
Exclusive-OpenAI courts private equity to join enterprise AI venture, sources say
NEW YORK, March 16 : OpenAI is in advanced talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture that would distribute its enterprise products across the firms' portfolio companies and beyond, four people famili ...
2 days ago
UK High Court rejects appeal on US$832.2 million case against Yangzijiang Shipbuilding units
Derryn Wong - The court also refuses the claimants’ application for permission to appeal further
2 days ago
DayOne Data Centers nears confidential filing for US IPO: sources
The Singapore-based data centre operator may submit its draft IPO as soon as this week
2 days ago
Meta shares jump after Reuters report on plans for layoffs of 20% or more
March 16 : Meta Platforms shares rose 3 per cent on Monday following a Reuters report that the social media giant plans to lay off 20 per cent or more of its workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology.If Meta settles on the 20 per ...
2 days ago
Crypto company Abra to go public in blank-check merger
2 days ago
Alibaba CEO takes helm of new AI-focused business group
SHANGHAI, March 16 : Alibaba Group Chief Executive Eddie Wu will head the newly formed Alibaba Token Hub (ATH) Business Group, the firm said in a statement on Monday.The new group will comprise existing Alibaba units Tongyi Laboratory, MaaS Business Line, Qwen Business Unit, Wukong Business Unit, an ...
2 days ago
Alibaba plans major revamp to heighten focus on AI profits
The revamp comes as Alibaba grapples with questions about its AI strategy
2 days ago
Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8%
Therese Soh - The group credits this to healthy holiday demand with the shift of the Chinese New Year period from January in 2025 to...
2 days ago
Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8% yoy
Therese Soh - The group credits this to healthy holiday demand with the shift of the Chinese New Year period from January in 2025 to...
2 days ago
European publishers, tech firms urge EU to speed up fine on Google over search
BRUSSELS, March 16 : European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant.In a letter to EU leaders, the European ...
2 days ago
Exclusive-European publishers, tech firms urge EU to speed up fine on Google over search
BRUSSELS, March 16 : European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant.In a letter to EU leaders, seen by Reute ...
2 days ago
VinFast fourth-quarter loss widens, aims to restart US plant construction
March 16 : Vietnamese electric vehicle manufacturer VinFast said on Monday its fourth-quarter net loss widened from a year earlier as it increased impairment charges related to its U.S. plant, which it aims to resume construction of this year. VinFast made a net loss of 35.2 trillion dong ($1.34 bil ...