1 day ago
US: Wall Street ends higher on tech rebound, rising rate cut bets
Third-quarter reporting season is drawing to a close
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Europe: Shares recover on US rate-cut optimism; Ukraine peace talks in focus
Stoxx 600’s gains this year have been driven in part by defence stocks on prospects of higher Nato spending
1 day ago
Zoom lifts annual outlook on growing demand for AI tools in hybrid work
Zoom Communications raised its annual revenue and profit forecasts on Monday, benefiting from hybrid work trends and the integration of artificial intelligence into its products.Shares of the company rose 3.5 per cent in extended trading. Zoom has intensified its push to embed AI functionalities ac ...
1 day ago
Zoom Communications lifts annual outlook on accelerated demand for AI tools in hybrid work
Zoom Communications raised its annual revenue and profit forecast on Monday, benefiting from hybrid work trends and the integration of artificial intelligence into its products.Shares of the company were up 3.7 per cent in extended trading. Zoom has intensified its push to embed AI functionalities ...
1 day ago
Amazon to invest $15 billion in Indiana to boost data center infrastructure
Amazon.com is planning to invest about $15 billion in Northern Indiana to build data center campuses, the tech giant said as it looks to boost its cloud computing capacity to support booming artificial intelligence demand. The new data center project, which comes on top of an $11 billion outlay anno ...
1 day ago
Apple cuts jobs across sales team
Apple said on Monday it is cutting jobs across its sales teams to strengthen its customer engagement efforts, noting that only a small number of roles will be impacted by the layoffs.An Apple spokesperson told Reuters that the company is continuing to hire and the affected employees can apply for ne ...
1 day ago
Apple cuts jobs across its sales organization, Bloomberg News reports
Apple has cut dozens of jobs across its sales organization as it looks to streamline how it offers products to businesses, schools and governments, Bloomberg News reported on Monday, citing people familiar with the matter.The iPhone maker notified affected employees over the past couple of weeks, Bl ...
1 day ago
Anthropic bolsters AI model Claude's coding, agentic abilities with Opus 4.5
Artificial intelligence startup Anthropic unveiled an upgraded Opus model on Monday, boosting Claude's ability to write detailed code, create sophisticated agents and streamline enterprise workflows through spreadsheet and financial analysis.The new model comes as Amazon and Alphabet-backed Ant ...
1 day ago
Comcast to pay $1.5 million US fine after vendor data breach
WASHINGTON :Comcast will pay a $1.5 million fine after a vendor breach exposed personal data from 237,000 current and former customers, the Federal Communications Commission said on Monday.The FCC said a debt collector used by Comcast until 2022, Financial Business and Consumer Solutions, suffered a ...
1 day ago
NASA reduces flights on Boeing's Starliner after botched astronaut mission
NASA on Monday slashed the number of astronaut missions on Boeing's Starliner contract and said the spacecraft's next mission to the International Space Station will fly without a crew, reducing the scope of a program hobbled by engineering woes and outpaced by Elon Musk's SpaceX.The ...
1 day ago
NASA reduces flights on Boeing's Starliner spacecraft after botched astronaut mission
NASA on Monday slashed the number of astronaut missions on Boeing's Starliner contract and said the spacecraft's next mission to the International Space Station will fly without a crew, reducing the scope of a program hobbled by engineering woes and outpaced by Elon Musk's SpaceX.The ...
1 day ago
NASA trims Boeing Starliner contract, makes last two missions optional
NASA and Boeing are revising the Starliner spacecraft contract to reduce the number of missions from six to four, the U.S. space agency said in a statement on Monday.The original $4.5 billion contract, awarded to Boeing under NASA's Commercial Crew Program, envisioned six post-certification ope ...
1 day ago
Stocks jump, US yields fall as Fed rate cut bets increase
NEW YORK :Global stocks advanced for a second straight session on Monday as rising expectations for a December rate cut from the U.S. Federal Reserve helped to soothe recent concerns about stretched valuations in the AI space while longer-dated U.S. Treasury yields dipped.Stocks stumbled last week t ...
1 day ago
Stocks jump, US yields dip as Fed rate cut bets rise
NEW YORK :Global stocks advanced for a second straight session on Monday as increased expectations for a December rate cut from the U.S. Federal Reserve helped to lessen recent concerns about stretched valuations in the AI space while longer-dated U.S. Treasury yields eased.Stocks stumbled last week ...
1 day ago
Stocks rally and longer-dated US yields dip as Fed rate cut bets rise
NEW YORK :Global stocks advanced for a second session on Monday as growing expectations for a December rate cut from the U.S. Federal Reserve helped to alleviate recent concerns about stretched valuations in the AI sector while longer-dated U.S. Treasury yields eased.Stocks stumbled last week to the ...
1 day ago
Amazon's satellite internet licence faces legal challenge in France
A French union filed a legal challenge on Monday against a decision by the country's telecoms regulator to grant radio spectrum to Amazon's satellite internet service, the biggest test yet of the U.S. tech giant's broadband ambitions.The CFE-CGC Telecoms union said it had asked France ...
1 day ago
Amazon pledges up to $50 billion to expand AI, supercomputing for US government
Amazon.com said on Monday it would invest up to $50 billion to expand artificial intelligence and supercomputing capacity for U.S. government customers, in one of the largest cloud infrastructure commitments targeted at the public sector.The project, expected to break ground in 2026, will add nearly ...
1 day ago
US dollar slips as dovish Fed comments weigh; yen falls
NEW YORK :The U.S. dollar dipped on Monday, as investors weighed dovish remarks from Federal Reserve officials that boosted expectations for a rate cut next month and limited the greenback's upside against major currencies.The U.S. currency, however, rose against the yen, as investors remained ...
1 day ago
US dollar mixed as market digests Fed comments; yen slides
NEW YORK/LONDON :The U.S. dollar traded narrowly mixed on Monday, as investors weighed dovish remarks from Federal Reserve officials that boosted expectations for a rate cut next month, limiting the greenback's upside against some of the major currencies such as the euro and Swiss franc.The U.S ...
2 days ago
Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate
Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally.Shares of the company rose more than 5 per cent to hit a record high of $315.9, giving it a market capitaliza ...
2 days ago
UK minister aims for 'timely sale' of Telegraph to Daily Mail owner
DMGT said the deal would comply with Britain’s Foreign State Influence regime to block foreign state control of UK newspapers
2 days ago
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units
2 days ago
Moody’s downgrades StanChart from ‘positive’ to ‘stable’
Navene Elangovan - The move is in line with revisions to the rating agency’s credit assessment methodology for banks
2 days ago
US: Wall Street opens higher on Fed interest rate-cut expectations
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate...
2 days ago
Poh Heng Jewellery comes out tops at E50 Awards
Paige Lim - Second place goes to heavy lift and logistics specialist Pollisum Group and third place to travel operator EU Holidays
2 days ago
Starlink's direct-to-cell service launches in Ukraine in European first
KYIV :Ukraine's largest mobile operator Kyivstar has become the first in Europe to launch Starlink's direct-to-cell satellite technology in a bid to keep millions connected amid wartime blackouts and disrupted infrastructure, the company said on Monday.Kyivstar is initially offering SMS ca ...
2 days ago
Thailand hurries US$15 billion in stalled projects to spur growth
The country is grappling with sluggish investment, weak domestic demand and delayed public spending
2 days ago
Trafigura's former top nickel trader denies he colluded on $600 million fraud
LONDON :Trafigura's former head nickel trader denied allegations by Indian businessman Prateek Gupta on Monday in a London trial that he helped devise a $600 million fraud to swap expensive metals for cheap or worthless ones.Geneva-based Trafigura sued Gupta over two years ago, alleging he was ...
2 days ago
Wee Hur Holdings prices S$30 million notes due 2030 at 4.8%
Jessie Lim - The notes are expected to be issued on Dec 1 and to list on the Singapore Exchange on Dec 2
2 days ago
Saudi Aramco weighs raising billions of dollars from its biggest disposals yet
It’s weighing the sale of a stake in its oil export and storage terminals
2 days ago
CDW Holding announces breakthrough in anti-fouling ship hull bottom paint
Nicole Lim - CDW Holding has announced a “breakthrough” in the performance of its anti-fouling ship hull bottom paint. In a recent underwater immersion test conducted by the group at Osaka Sakai Old Port, plates that were painted with CDW’s additive showed no barnacle attachment. The shipping sector has gr ...
2 days ago
Singapore to set up embassy in Ethiopia, offer study visits for African officials
Sharon See - Both sides can catalyse trade and investment flows between their regions, says PM Wong
2 days ago
DoubleLine wary of AI funding wave that could alter US high-grade debt market
NEW YORK :A rush of bond sales by major tech firms to fund artificial intelligence expansion is creating a high-stakes bet for the $9 trillion U.S. corporate bond market, prompting caution from prominent investors like DoubleLine over the sector's growing debt load.Over the past two months, fou ...
2 days ago
Amid AI frenzy, concerns mount over sustainability of equity rally as valuations continue to soar
The bulls say the AI boom is unlike the dotcom boom in that the main players this time are extremely profitable giants...