1 day ago
New airline hubs will be the gainers as travel reroutes from the Middle East
As the US-Israel-Iran conflict rages on, East-West travel will seek fresh routings, and domestic travel in Asia will continue to grow
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
Facebook largely back up after brief outage in the US, Downdetector shows
March 3 : Meta Platforms' Facebook was largely back up after an outage that affected thousands of users in the U.S. on Tuesday, according to Downdetector.com.At its peak, there were more than 11,000 reports of issues with the social media platform in the U.S., before coming down to about 1,200 ...
1 day ago
Facebook down for thousands of users in the US, Downdetector shows
March 3 : Meta Platforms' Facebook was down for thousands of users in the U.S. on Tuesday, according to Downdetector.com.There were more than 10,600 reports of issues with the social media platform as of 05:37 p.m. ET, according to Downdetector, which tracks outages by collating status reports ...
1 day ago
OpenAI is developing alternative to Microsoft's GitHub, The Information reports
March 3 : OpenAI is developing a new code repository to rival Microsoft's GitHub, The Information reported on Tuesday, citing a person with knowledge of the project.
1 day ago
Middle East conflict widens as Israeli, US strikes again hit Iran; oil soars, shares slide
[DUBAI] Israeli and US forces pounded targets across Iran on Tuesday, prompting Iranian retaliatory strikes around the Gulf as the conflict spread...
1 day ago
Oil prices jump 4.7%, settle at highest since January 2025 on Middle East conflict
[NEW YORK] Oil prices settled up 4.7 per cent on Tuesday, the highest since January 2025, as US-Israel battles with Iran intensified, disrupting...
1 day ago
Trump says US will escort, insure oil tankers amid Iran war
The administration is also seeking to address high prices for consumers as petrol prices at the pump have already jumped to the...
1 day ago
Commentary: Why Deliveroo’s exit from Singapore isn’t quite a surprise
Given its small market share, Deliveroo’s exit is unlikely to materially affect consumers or riders but it may have strategic implications for F&B businesses, says Momentum Works’ Li Jianggan.
1 day ago
European shares drop to one-month low as Middle East conflict widens
EUROPEAN shares slid to their lowest level in more than a month on Tuesday, pulled into a global equities rout as investors assessed...
1 day ago
Trump orders oil tanker insurance support, says Navy could escort ships in Gulf
The move aims to protect energy shipments through the Strait of Hormuz and stabilise oil markets amid escalating Middle East tensions.
1 day ago
US stocks: Wall Street indexes end lower as Middle East conflict fans inflation fears
[NEW YORK] US stocks fell on Tuesday as investors worried about how long the Middle East conflict may persist, but indexes ended well off...
1 day ago
Intel board chair Frank Yeary to depart after 17 years
SAN FRANCISCO, March 3 : Intel said on Tuesday that board chair Frank Yeary plans to retire following the company's annual meeting in May and will be replaced by Craig Barratt. A year after Lip-Bu Tan came on board as CEO, Yeary's departure is a major shakeup for the struggling U.S. chipma ...
1 day ago
Virginia appeals injunction against social media time limit for children
March 3 : Virginia has appealed a judge's preliminary injunction against a state law limiting children under 16 to one hour of social media use a day.In a Tuesday court filing, the state said it will ask the 4th U.S. Circuit Court of Appeals in Richmond, Virginia, to set aside the February 27 i ...
1 day ago
NTSB says Waymo robotaxis illegally passed stopped school buses in new incidents
WASHINGTON, March 3 : The National Transportation Safety Board said Tuesday it is investigating a new incident in January of Waymo self-driving vehicles passing a stopped school bus with its lights activated in violation of Texas state law.The Alphabet unit in December recalled its self-driving vehi ...
2 days ago
Millions of dollars in crypto left Iranian exchanges after strikes, researchers say
PARIS, March 3 : Outflows from Iranian crypto exchanges spiked in the hours after the U.S. and Israeli strikes on Iran on Saturday, two blockchain analytics companies said, although researchers added it was not possible to be certain what was behind the moves.Funds leaving Iranian crypto exchanges j ...
2 days ago
Stocks fall as energy price jump ignites inflation fears
NEW YORK/LONDON, March 3 : Stock indexes around the world fell while the dollar rose on Tuesday, as a widening conflict in the Middle East created safe-haven demand and pushed oil prices up sharply, exacerbating investor concerns about inflation. Oil futures settled up more than 4 per cent after hit ...
2 days ago
Stocks fall globally as energy price jump ignites inflation fears
NEW YORK/LONDON, March 3 : Stock indexes around the world lost ground while the dollar rose on Tuesday, as a widening conflict in the Middle East created safe-haven demand and pushed oil prices up sharply, exacerbating investor concerns about inflation. Oil futures settled up more than 4 per cent af ...
2 days ago
Stocks tumble as energy price jump ignites inflation fears
NEW YORK/LONDON, March 3 : Stock indexes around the world tumbled and government bonds rose with the dollar on Tuesday, as a widening conflict in the Middle East pushed oil prices up sharply for a second straight day and exacerbated investor concerns about inflation. U.S. crude oil prices jumped mor ...
2 days ago
Veon expects customers using Starlink in Ukraine to more than double this year
BARCELONA, March 3 : The number of people in Ukraine connecting to the internet using SpaceX's Starlink will probably reach around 12 million by the end of this year from the current 5 million users, the CEO of telecoms group Veon said on Tuesday.Last year, Veon signed a partnership with Elon M ...
2 days ago
Veon expects customers using Starlink in Ukraine to reach 12 million this year
BARCELONA, March 3 : The number of people in Ukraine connecting to the internet using SpaceX's Starlink will probably reach around 12 million by the end of this year from the current 5 million users, the CEO of telecoms group Veon said on Tuesday.Last year, Veon signed a partnership with Elon M ...
2 days ago
Wall Street falls 2% as Middle East conflict stokes inflation worries
[NEW YORK] Wall Street’s main indexes fell more than 2 per cent on Tuesday (Mar 3), with the S&P 500 hitting its...
2 days ago
Wall Street opens lower as Middle East conflict fans inflation fears
[NEW YORK] Wall Street’s main indexes opened sharply lower on Tuesday (Mar 3) as investors braced for the impact of a widening...
2 days ago
Wilmar’s Indonesian executive gets 6-year jail term, fine over bribing judges
Tay Peck Gek - However, Muhammad Syafei is not found guilty of money laundering
2 days ago
Amazon launches Amazon Now service in Brazil to deliver groceries in 15 minutes
SAO PAULO, March 3 : Amazon launched on Tuesday its Amazon Now service in Brazil, in which the company seeks to deliver products such as essentials and groceries in 15 minutes, Fernanda Grumach, director at shopping experience at Amazon Brasil said.The launch will start in Sao Paulo as of Tuesday in ...
2 days ago
Apple launches new MacBooks with M5 chips, bigger base storage
March 3 : Apple on Tuesday unveiled updated MacBook Air and MacBook Pro models, featuring its latest M5-series chips and bigger base storage, in a bid to lure buyers in a softening PC market squeezed by rising memory costs.The update includes a new MacBook Air powered by Apple's latest M5 chip ...
2 days ago
Japan's Nidec flags potential $1.6 billion writedown as accounting scandal widens
TOKYO, March 3 : Japanese electric motor maker Nidec warned on Tuesday that it could face 250 billion yen ($1.6 billion) in writedowns from a deepening accounting scandal that sparked the exit of its founder and other top executives.The company, one of the world's top makers of precision motors ...
2 days ago
Nvidia-backed Ayar Labs raises $500 million at $3.75 billion valuation
March 3 : Nvidia-backed Ayar Labs, which develops chips that transmit data using light, said on Tuesday it has raised $500 million in a series E round at a valuation of $3.75 billion.The latest round, which brings the company's total funding to $870 million, was led by investment firm Neuberger ...
2 days ago
DFI Retail reports underlying profit of US$270 mil for FY2025, up 35% y-o-y
The Edge Singapore - DFI Retail Group has held its revenue steady at US$8.87 billion for FY2025. However, with the better sales mix and the divestments of loss-making stakes, the company has reported earnings of US$235 million for its FY2025, a stark turnaround from US$245 million in red ink in the preceding year. Under ...
2 days ago
Budget 2026: Singapore to draw up its first national climate adaptation plan
Janice Lim - The completed plan will be released in 2027
2 days ago
Bitcoin plunges as risk of prolonged Iran war weighs on crypto
The original cryptocurrency fell as much as 4.4% to US$66,348
2 days ago
Sea Q4 earnings up 72.9% at US$410.9 million; targets 25% GMV growth in Shopee
Young Zhan Heng - For the full year, earnings surge to US$1.6 billion from US$447.8 million
2 days ago
Sea Q4 earnings up 72.9% at US$410.9 million; CEO Forrest Li says ‘strategic choices’ drove growth
Therese Soh - For the full year, earnings surge to US$1.6 billion from US$447.8 million
2 days ago
Sea Q4 net profit up 72.9% at US$410.9 million
Therese Soh - For the full year, earnings surge to US$1.6 billion from US$447.8 million
2 days ago
Versant posts smaller-than-expected revenue decline, unveils $1 billion buyback
March 3 : Versant Media on Tuesday reported a smaller-than-expected decline in quarterly revenue and unveiled a $1 billion share buyback, in the first results for the owner of CNBC and MS Now since it was spun out of Comcast.Shares of the company were up nearly 3 per cent in early trading.The result ...