1 day ago
Crypto exchange Kraken confidentially files for US IPO
Analysts expect crypto companies to try and go public before the midterm elections next year
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
US senators unveil bill to prevent export monopolies after Huawei showdown
WASHINGTON :A bipartisan duo of U.S. senators unveiled a bill on Wednesday that directs the Commerce Department to create a level playing field when issuing export licenses and not make decisions that benefit one U.S. company over another. The legislation, drafted by Democrat Elizabeth Warren and R ...
1 day ago
Meta to remove under-16 Australians from Facebook, Instagram on Dec 4
META said Thursday that Australians younger than 16 will be removed from Facebook and Instagram on Dec 4, as Canberra prepares to...
1 day ago
Many US Fed members were inclined against December interest rate cut: minutes
Fed Chair Jerome Powell said last month that a further reduction in December was “not a foregone conclusion”
1 day ago
Trading Day: Markets becalmed, Nvidia reports
1 day ago
Nvidia beats Q3 revenue estimates, helping counter fears of AI bubble
[SAN FRANCISCO] Nvidia, the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that an...
1 day ago
Commentary: We have to be able to hold tech platforms accountable for fraud
Algorithms ensure that people who click on scams are likely to see more of them, says Martin Wolf for the Financial Times.
1 day ago
US: Wall Street indexes end rocky session higher ahead of Nvidia earnings
US stocks ended a choppy session higher on Wednesday, rebounding from recent losses as technology stocks rose ahead of Nvidia’s quarterly results.
1 day ago
Yann LeCun to leave Meta, launch AI startup focused on Advanced Machine Intelligence
Yann LeCun, one of the founding figures of modern artificial intelligence and a pivotal force at Meta Platforms, said on Wednesday he plans to leave the company at the end of the year to launch a new AI startup.LeCun has been a key part of Meta's artificial intelligence ambitions for more than ...
1 day ago
Europe: Shares flat; investors brace for Nvidia results
EUROPEAN shares closed flat on Wednesday while investors looked ahead to a high-stakes earnings report from chipmaker Nvidia, which could set the direction...
1 day ago
Oil settles down on renewed push to end Russia-Ukraine war
[NEW YORK] Oil prices fell on Wednesday after reports indicated the US is renewing its push to end Russia’s war in Ukraine and has...
1 day ago
Nvidia's strong forecast calms AI bubble jitters - for now
The world's most valuable company said it expected fiscal fourth-quarter sales of US$65 billion, plus or minus 2 per cent, compared with analysts' average estimate of US$61.66 billion, according to data compiled by LSEG.
1 day ago
AI leader Nvidia forecasts fourth-quarter revenue above estimates
The world's most valuable company said it expected fiscal fourth-quarter sales of US$65 billion, plus or minus 2 percent, compared with analysts' average estimate of US$61.66 billion, according to data compiled by LSEG.
1 day ago
Palo Alto Networks to buy Chronosphere for $3.35 billion, raises annual forecasts
Palo Alto Networks said on Wednesday it will buy cloud management and monitoring company Chronosphere for $3.35 billion, as the cybersecurity firm looks to strengthen its AI offerings.The Santa Clara, California-based company plans to integrate Chronosphere with Cortex AgentiX platform, allowing use ...
1 day ago
Saudi PIF, SITE, Microsoft sign MOU to explore delivery of sovereign-cloud services in kingdom
CAIRO :Saudi Arabian sovereign wealth fund the Public Investment Fund, Saudi information technology company SITE and Microsoft signed a memorandum of understanding to explore the delivery of Microsoft’s sovereign-cloud services in the kingdom, the Saudi fund said in an X post on Wednesday.
1 day ago
How home-grown Delta Tech’s second-gen leader built its legacy as a firm that delivers
Goh Ruoxue - The winning formula is to never turn away business says general manager Chua Yong Hin
1 day ago
AI set to redefine shopping and payments, Affirm CEO says
Max Levchin, CEO and co-founder of Affirm, which offers buy now, pay later plans, said artificial intelligence is poised to transform shopping by taking over human tasks and making financial products more transparent.AI agents will soon be able to instantly weed out products with prohibitively high ...
2 days ago
Warner Music Group, Udio settle copyright case, plan new AI song creation platform
Warner Music Group has settled a copyright infringement case with artificial intelligence company Udio and will jointly launch a new platform for song creation in 2026, the companies said on Wednesday.The new subscription service, which will be powered by AI models trained on licensed and authorized ...
2 days ago
Warner Music settles with AI firm Udio, plans joint platform
Warner Music Group has settled a copyright infringement case with artificial intelligence company Udio and will jointly launch a new platform for AI song creation, the companies said on Wednesday.Warner's deal follows a similar settlement last month between rival Universal Music Group and Udio, ...
2 days ago
Adobe, Qualcomm partner with Humain on generative AI for Middle East
SAN FRANCISCO :Adobe and Qualcomm said on Wednesday they are partnering with Humain, the artificial intelligence firm backed by Saudi Arabia's sovereign wealth fund, to help the AI company develop tools for generating content in Arabic and for the broader Middle East.The deal is one of several ...
2 days ago
AI music company Suno valued at $2.45 billion in latest funding round
Suno said on Wednesday it has raised $250 million in a funding round led by Menlo Ventures, valuing the artificial intelligence music company at $2.45 billion, as it aims to develop more sophisticated tools for song creation.The Massachusetts-based company allows users to generate songs via AI promp ...
2 days ago
AI-powered robot dances for Putin days after another Russian robot stumbles
MOSCOW :An AI-powered robot danced for President Vladimir Putin on Wednesday at an exhibition put on by Sberbank, Russia's largest bank, designed to showcase the company technological advances.The performance, which was shown on state TV, showed the Kremlin chief standing opposite the humanoid ...
2 days ago
Exclusive-AMD, Cisco and Saudi's Humain launch AI joint venture, land first major customer
SAN FRANCISCO :Advanced Micro Devices, Cisco Systems and Saudi Arabian artificial intelligence startup Humain are forming a joint venture to build data centers in the Middle East and have landed their first customer, CEOs at the three companies told Reuters in an interview on Tuesday.The yet-to-be-n ...
2 days ago
Wall St ends higher in anticipation of jobs data, Nvidia tops estimates
NEW YORK :U.S. stocks climbed on Wednesday, clawing back some ground lost during the recent selloff as investors positioned themselves ahead of Nvidia's much-anticipated quarterly results and crucial employment data that had been unavailable during the longest-ever U.S. government shutdown.All ...
2 days ago
Nasdaq gains ahead of Nvidia earnings, Fed minutes reveal a divided FOMC
NEW YORK :The Nasdaq rose on Wednesday, clawing back some ground lost during the recent selloff as investors positioned themselves ahead of Nvidia's much-anticipated quarterly results and crucial employment data that had been unavailable during the longest-ever U.S. government shutdown.While th ...
2 days ago
US stocks rise, Treasury yields inch higher ahead of Nvidia earnings, jobs data
NEW YORK :Wall Street stocks rose on Wednesday, clawing back some ground lost during the recent selloff as investors positioned themselves ahead of Nvidia's much-anticipated quarterly results and crucial employment data that had been unavailable during the longest-ever U.S. government shutdown. ...
2 days ago
Christian tech platform Gloo fetches $586 million valuation in Nasdaq debut
Christian-focused tech platform Gloo was valued at $586 million as its shares opened flat in their Nasdaq debut on Wednesday, adding to a string of lukewarm listings in recent weeks.The Boulder, Colorado-based company's stock opened at $8.05 a share, compared with the $8 IPO price. Gloo raised ...
2 days ago
SGX to reduce board lot size to 10 units for securities above S$10
Goh Ruoxue - The move is among new measures proposed by the MAS Equities Market Review Group
2 days ago
SGX to reduce board lot size for securities above S$10 to 10 units
Goh Ruoxue - The move is among new measures proposed by the MAS Equities Market Review Group
2 days ago
SGX to reduce board lot size for securities above S$10
Goh Ruoxue - The move is among new measures proposed by the MAS Equities Market Review Group
2 days ago
Schneider Electric seals $2.3 billion in US data centre deals to power AI boom
Schneider Electric said on Wednesday it had signed new deals worth almost $2.3 billion with two U.S. data centre operators, as surging adoption of artificial intelligence boosts infrastructure demand.At an industry event in Las Vegas, the French industrial group announced a $1.9 billion partnership ...
2 days ago
Blockfusion to list in New York via $450 million SPAC deal
Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector continues to surge.Special purpose acquisition companies have re-emerged this year ...
2 days ago
Kraken confidentially files for IPO as crypto firms eye listings before 2026 midterms
Kraken, one of the world's largest cryptocurrency exchanges, said on Wednesday it has confidentially filed for an initial public offering in the U.S., as digital asset companies look to tap the new listings market before the 2026 midterm elections. Companies such as stablecoin issuer Circle and ...
2 days ago
Keppel Reit trustee prices S$100 million perpetual securities at 3.28%
Goh Ruoxue - The securities are expected to be issued on Nov 27