2 days ago
First Resources Q3 profit surges 43.5% to US$87.5 million
Shikhar Gupta - This is due to a combination of higher average selling prices and sales volumes
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
StarHub’s Q3 profit falls 35.3% to S$26.2 million
Deon Loke - Revenue for the period is down 4.3% at S$550.3 million
2 days ago
Frasers Property reports 17.8% rise in attributable profit for FY2025, dividend unchanged
The Edge Singapore - Frasers Property (FPL) reported a 17.8% y-o-y gain in profit after interest, fair value change, tax and exceptional items, and non-controlling interests of $243.1 million in FY2025 for the 12 months to end-Sept. However profit before interest, tax, fair value change, exceptional items and non-contro ...
2 days ago
StarHub reports 3QFY2025 earnings of $26.2 million, down 35.3% y-o-y
The Edge Singapore - StarHub has reported lower earnings for its 3QFY2025, due to lower ebitda and higher depreciation, amid lower revenue. For the three months to Sept 30, earnings dropped 35.3% y-o-y to $26.2 million, which brings its 9MFY2025 earnings to $88.2 million. The bottom line was also hurt by a one-off forfe ...
2 days ago
How the US ended up with radioactive shrimp and sneakers from Indonesia
THE first sign of trouble surfaced thousands of kilometres from Indonesia.
2 days ago
Australian AI company Firmus to raise $325 million to accelerate AI infrastructure rollout
Australia's Firmus announced on Friday an equity raise of A$500 million ($324.90 million) as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure initiative.The move comes as global firms push for more invest ...
2 days ago
Nvidia-backeed Australian AI company Firmus raises $325 million
Australia's Firmus announced on Friday it would raise A$500 million ($324.9 million) in a new funding round, as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure initiative.The fundraising, the second in t ...
2 days ago
Apple and OpenAI must face X Corp’s lawsuit for now, US judge rules
APPLE Inc and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X...
2 days ago
YouTube superstar MrBeast opens pop-up park in Saudi Arabia
MRBEAST, the world’s most followed YouTuber with over 450 million subscribers, opened a temporary amusement park in Riyadh on Thursday, the latest...
2 days ago
Apple and OpenAI must face X Corp's lawsuit for now, US judge rules
Apple Inc and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X Corp accusing them of conspiring to monopolize markets for smartphones and generative AI chatbots.In his ruling, U.S. District Judge Mark Pittman in Fort Worth, Texas, said Musk ...
2 days ago
Boeing union votes to end strike, accept new contract
MORE than 3,000 striking Boeing defence workers on Thursday voted to end a strike over wage increases and retirement benefits, one of...
2 days ago
Trading Day: Fed hopes melt, stocks sink
2 days ago
Fed hopes melt, stocks sink
2 days ago
US: Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts
WALL Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of...
2 days ago
Commentary: Feel like you can’t get a job? Here’s how to work around it
The new hiring landscape rewards strategy, not volume, says an academic.
2 days ago
Europe: Shares close lower with upcoming US data in focus; Siemens slides
EUROPEAN shares closed lower on Thursday, as investors shifted their focus to crucial US economic data following the end of the nation’s longest...
2 days ago
Oil prices steady after steep losses in previous session
[HOUSTON] Oil prices held largely steady on Thursday after declining around 4 per cent in the previous session as investors weighed concerns about global...
2 days ago
Ubisoft delays half-year results, requests trading suspension
French video game publisher Ubisoft said on Thursday it was postponing the publication of its half-year earnings and requested Euronext suspend trading of its shares and bonds starting Friday.The suspension will remain in place until the company publishes the delayed results "in the coming days ...
2 days ago
Digital lender Nubank posts Q3 income beat, record profitability
SAO PAULO :Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Thursday an increase in its third-quarter net income driven by its Brazilian and Mexican businesses, beating analysts' projections.The company reported a $783 million net income for the July-Septembe ...
2 days ago
Applied Materials forecasts strong quarterly revenue on AI chip demand
U.S.-based Applied Materials, a maker of semiconductor manufacturing equipment, forecast upbeat first-quarter revenue on Thursday, signaling that robust demand for tools used to make AI chips is set to overpower a broader industry slowdown.The surge in AI-driven demand for advanced memory chips is s ...
2 days ago
Doggie diversity in size and shape began at least 11,000 years ago
WASHINGTON :Dogs today come in a mind-blowing array of shapes and sizes, from the diminutive pug, Pekingese and Pomeranian to the grand Irish Wolfhound, Great Dane and Saint Bernard. But when did this diversity in canine forms begin? New research shows it dates back many millennia, long before moder ...
2 days ago
Stocks fall with bond prices; hopes fade for rate cuts as US reopens to murky economic data
NEW YORK/LONDON :Declines on Wall Street dragged MSCI's global equities lower and U.S. Treasury yields rose as investor hopes for a Federal Reserve rate cut took a dive and officials pointed to a lack of clarity in economic data as the U.S. government ended its longest-ever shutdown.In currenci ...
2 days ago
Equities, bond prices fall as hopes fade for Fed rate cut in December
NEW YORK/LONDON :A steep sell-off on Wall Street dragged MSCI's global equities gauge lower on Thursday while U.S. Treasury yields rose, as investor hopes for a Federal Reserve rate cut in December faded after a chorus of hawkish comments from central bank officials.In currencies, the dollar al ...
2 days ago
Equities tumble, bond prices dip as hopes fade for Fed rate cut in December
NEW YORK/LONDON :Wall Street indexes suffered their biggest one-day decline in a month on Thursday, pushing down MSCI's global equities gauge while U.S. Treasury yields rose as investor bets for a December rate cut took a dive after hawkish comments by Federal Reserve officials.In currencies, t ...
2 days ago
Zalando turns to EU top court in fight over online content rules
BRUSSELS :Zalando, Europe's biggest online fashion retailer, on Thursday took its fight against EU online content rules to Europe's highest court, saying that a lower tribunal had erred in throwing out its challenge.Zalando had sued the European Commission after it was designated as a very ...
2 days ago
Tesla working to integrate Apple CarPlay in its EVs, Bloomberg News reports
Tesla is developing support for Apple's CarPlay system in its electric vehicles, Bloomberg News reported on Thursday, marking a potential shift in the carmaker's long-standing resistance to third-party software integration.The company's potential adoption of CarPlay, which allows user ...
2 days ago
Code-gen startup Cursor nearly triples its valuation in Coatue-led funding round
Code-generation startup Cursor nearly tripled its valuation to $29.3 billion in five months after raising $2.3 billion in its latest funding round, as artificial intelligence companies continue to attract investor attention.The Series D funding round was led by new investor Coatue, an investment man ...
2 days ago
Code-gen startup Cursor valuation nearly triples to $30 billion in latest funding round
Code-generation startup Cursor nearly tripled its valuation to $29.3 billion in five months after raising $2.3 billion in its latest funding round, as artificial intelligence companies continue to attract investor attention.The Series D funding round was led by new investor Coatue, an investment man ...
2 days ago
Verizon to cut about 15,000 jobs as new CEO restructures, source says
WASHINGTON :Verizon's new CEO is planning to cut about 15,000 jobs in the U.S. telecommunications company's largest ever layoffs, a person familiar with the matter told Reuters on Thursday, outlining some of the executive's first efforts to restructure in the face of rising competitio ...
2 days ago
Verizon to cut about 15,000 jobs as it restructures, source says
WASHINGTON :Verizon is planning to cut about 15,000 jobs as part of the company's restructuring efforts, a person familiar with the matter told Reuters on Thursday.The layoffs, the largest ever for the wireless carrier and impacting about 15 per cent of its workforce, are set to take place in t ...
2 days ago
OpenAI backs startup aiming to block AI-enabled bioweapons
SAN FRANCISCO -ChatGPT maker OpenAI on Thursday said it will invest in a startup focused on blocking bad actors from creating biological weapons powered by artificial intelligence.OpenAI is the lead investor in a $15 million seed round in Red Queen Bio, which is trying to make sure the AI industry&# ...
2 days ago
Seatrium is making ‘steady progress’ towards its 2028 targets, says CEO Chris Ong
Felicia Tan - Seatrium is making “steady progress” towards its targets it set for 2028, says CEO Chris Ong at the company’s 3QFY2025 ended Sept 30 results briefing on Nov 13. The 2028 targets were announced at Seatrium’s inaugural investor day on March 15, 2024. At the time, Seatrium had several goals, in ...
2 days ago
What are the key remedies in South Africa's antitrust probe involving Google?
JOHANNESBURG :South Africa's Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance.The report highli ...
2 days ago
Thailand u-turns on afternoon booze ban after tourism backlash
The reversal comes less than a week after the government introduced stricter alcohol rules