1 day ago
New Zealand central bank cuts cash rate by 25 bps to 2.25%
[AUCKLAND] New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Foxconn wins approval for new $569 million investment in Wisconsin
TAIPEI :Taiwan's Foxconn said on Wednesday that it has won regulatory approval for an additional $569 million investment in the U.S. state of Wisconsin.
1 day ago
CGS International raises target price for Wee Hur to 95 cents on higher orderbook prospects
The Edge Singapore - Natalie Ong and Lim Siew Khee of CGS International have kept their "add" call on Wee Hur Holdings and with prospects of more construction orders in the pipeline, they have raised their target price for this counter from 91 cents to 95 cents. In their Nov 25 note, the analysts observe that ...
1 day ago
OpenAI projects 220 million paying ChatGPT users by 2030, The Information Reports
Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, The Information reported on Tuesday, citing a person familiar with the matter.OpenAI projects that by 2030, 8.5 per cent of an estimated 2.6 billion weekly users, or around 220 ...
1 day ago
OpenAI projected at least 220 million people will pay for ChatGPT by 2030, the Information reports
Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, the Information reported on Tuesday, citing a person familiar with the matter.Reuters could not immediately verify the report. OpenAI did not immediately respond to a Reuters r ...
1 day ago
Barbs, jibes and spin by Chinese netizens over PM Wong’s remarks on Japan-China spat
[BEIJING/HONG KONG] It started in Hong Kong, and then others in mainland China began jumping on the bandwagon.
1 day ago
Swee Choon plans Philippines expansion in push to be dimsum’s quick-service king
Tessa Oh - Having built a strong base of Filipino customers in Singapore, the family business is looking into franchise partnerships in the Philippines
1 day ago
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand
1 day ago
Brookfield, GIC to weigh buyout of National Storage Reit: sources
The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this year
1 day ago
Stocks to watch: Singtel, Nio, ThaiBev, Seatrium, ComfortDelGro, Coliwoo, NoonTalk
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 26):
1 day ago
TikTok Shop pushes into luxury retail with US$11,000 handbags
[LOS ANGELES] TikTok is moving into luxury retail, part of an effort to expand its TikTok Shop marketplace into a high-end shopping...
1 day ago
Workday posts lukewarm quarterly subscription revenue, shares fall
Workday reported third-quarter subscription revenue in line with Wall Street estimates on Tuesday, signaling softer demand and sending its shares down nearly 7 per cent in extended trading.The human resources software provider's fourth-quarter subscription revenue forecast was also barely above ...
1 day ago
Seatrium wins FPU contract from bp
Daoyi Lin - Mainboard-listed Seatrium has secured the contract for a newbuild FPU from bp, bringing the value of its 2025 contract wins to more than $2 billion. Under the contract, Seatrium will undertake the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit ...
1 day ago
Businesses bet on bigger, refreshed malls in Johor to capture RTS Link footfall
The Johor Bahru-Singapore Rapid Transit System Link can transport up to 10,000 travellers per hour in each direction
1 day ago
Australia’s Optus suffers emergency call outage
[SYDNEY] Australian telco Optus said on Wednesday it had suffered an emergency call outage near Melbourne impacting around 14,000 users, two months...
1 day ago
Warner Bros to ask bidders to submit sweetened offers
Comcast and Netflix are most interested in the company film and TV library
1 day ago
Google, the sleeping giant in global AI race, now ‘fully awake’
Several tech companies have plotted ways to develop their own semiconductors or forge ties that make them less reliant on Nvidia’s bestsellers
1 day ago
Apple set to become world’s top phone maker, overtaking Samsung
The upcoming 2026 debut of a foldable iPhone and a budget-friendly iPhone 17e will both help sales
1 day ago
Jho Low, Chen Zhi: Two fugitives, two ecosystems
Anita Gabriel - These high-profile frauds expose an uneasy truth about financial oversight in South-east Asia
1 day ago
Dell forecasts upbeat growth targets on strength in AI server sales
DELL forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, as increasing investments in data centres to support artificial intelligence...
1 day ago
Gambling, prediction markets create new credit risks, Bank of America warns
The bank says that there are already worrisome signs in some indicators of consumer stress, citing a US News survey
1 day ago
HP to cut about 6,000 jobs by 2028, ramps up AI efforts
HP SAID on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to...
1 day ago
Crypto crash weighs on US IPOs as candidates push out timing
The 14-day average trading volume in Bitcoin this month hit its highest level since March
1 day ago
US: Wall Street ends higher as Federal Reserve rate cut bets gather momentum
[NEW YORK] Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the...
1 day ago
Commentary: Singapore must apply its characteristic prudence to AI investment
Global productivity has not accelerated significantly despite billions of dollars in automation spending, says NUS Business School’s Sumit Agarwal.
1 day ago
Europe: Shares jump on Ukraine peace prospects, US rate cut hopes
EUROPEAN shares extended gains on Tuesday, led by materials and financial stocks, as investors continued to draw optimism from prospects of a ceasefire...
1 day ago
Oil falls as Ukraine signals support for framework of Russia peace deal
[NEW YORK] Oil prices fell over 1 per cent on Tuesday after Ukraine hinted that an intense diplomatic push by the US administration to...
1 day ago
HP to cut thousands of jobs due to AI adoption
SAN FRANCISCO: Computer and printer maker HP announced Tuesday (Nov 25) a sweeping restructuring plan that will eliminate about 10 per cent of its workforce globally as the company pivots toward artificial intelligence to boost efficiency.According to its latest earnings report, the tech giant expec ...
1 day ago
Dell bets on rising AI server demand to forecast higher growth
Dell forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, as increasing investments in data centers to support artificial intelligence boost demand for its servers, sending its shares up 4 per cent in extended trading. The company also announced the permanent appointmen ...
2 days ago
Warner Music Group settles copyright case with Suno for licensed AI music
Warner Music Group settled its copyright infringement case with artificial intelligence-powered song creation platform Suno, enabling the startup to launch licensed AI models next year, the companies said on Tuesday.Suno's rival Udio has also settled its copyright dispute with Warner Music and ...
2 days ago
Stocks advance, US yields retreat on heightened Fed cut expectations
NEW YORK :Global stocks climbed on Tuesday and were set for a third straight session of gains, as investors remained optimistic the Federal Reserve would cut U.S. interest rates at its December meeting, while U.S. Treasury yields declined.On Wall Street, U.S. stocks closed higher, boosted by gains i ...
2 days ago
Stocks advance, US yields decline on heightened Fed cut expectations
NEW YORK :Global stocks rose on Tuesday and were on pace for a third straight session of gains, as investors remained optimistic the U.S. Federal Reserve would cut interest rates at its December meeting, while U.S. Treasury yields declined. On Wall Street, U.S. stocks were higher, led by gains in A ...
2 days ago
Robinhood CEO's math-focused AI startup Harmonic valued at $1.45 billion in latest fundraising
Harmonic, an artificial intelligence startup co-founded by Robinhood CEO Vlad Tenev, has raised $120 million in new funding, valuing the company at $1.45 billion, as it tackles AI "hallucinations" — or incorrect or nonsensical answers — by improving the ability to reason.The Series C r ...
2 days ago
Dozens of state attorneys general urge US Congress not to block AI laws
Republican and Democratic attorneys general from 35 states and the District of Columbia urged congressional leaders on Tuesday not to block state laws governing artificial intelligence, warning of "disastrous consequences" if the technology is left unregulated.The letter sets up a clash be ...