2 days ago
Tesla suffers worst fall in 4 years on pullback in sales estimates
The stock is down 45 per cent in 2025 and has lost all of its gains since Donald Trump won the US...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Tesla tumbles most since 2020 on pullback in sales estimates
The stock is down 45 per cent in 2025 and has lost all of its gains since Donald Trump won the US...
2 days ago
Scoot to add 4 to 6 more destinations as it eyes growth in Southeast Asia, says its CEO
Scoot CEO Leslie Thng speaks to the media about the budget airline's strategic focus on Southeast Asia while managing challenges like aircraft groundings and increased competition in China.
2 days ago
US stocks plunge on recession fears, Nasdaq sees worst day since 2022
NEW YORK: Wall Street stocks plummeted Monday (Mar 10) as investors fretted that uncertainty over President Donald Trump's tariff policy could tip the world's biggest economy into a recession. The moves came after
2 days ago
Nearly all listcos have begun climate reporting; SGX RegCo still mulling Scope 3 roadmap
Jovi Ho - Nearly all issuers listed on the Singapore Exchange (SGX) have begun including climate-related disclosures in their sustainability reports as at July 31, 2024, according to a review conducted by Singapore Exchange Regulation (SGX RegCo) and the NUS Business School’s Centre for Governance and Susta ...
2 days ago
Low-cost carrier Scoot to focus on South-east Asia, India for more thrust as rivalry causes yields to thin
Derryn Wong - But supply chain issues continue to impede capacity, cause delays
2 days ago
Gold rush could herald boom for mining stocks, but analysts warn it’s not all glitter
Mia Pei - Industry watchers point out that mining operations of any metal reserves can be susceptible to weather disruptions and power outages
2 days ago
Only 36% of issuers required to make climate disclosures fully met SGX requirements: review
Janice Lim - Study also shows that getting companies to provide more depth and details in such reports is a serious challenge
2 days ago
Kazakhstan in talks with oil majors to cut output, energy minister says
HOUSTON :Kazakhstan is in discussions with oil majors to cut output to bring the country's supply back in line with targets set by the Organization of the Petroleum Exporting Countries and allies (OPEC+), its energy minister Almasadam Satkaliyev said on Monday. "We are in phases of discuss ...
2 days ago
Oracle expects 15% revenue growth next fiscal year on strong AI cloud demand
Oracle CEO Safra Catz said that the company's large sales backlog will help drive 15 per cent growth in its revenue next fiscal year, surpassing analysts' current estimates as it expands its artificial intelligence cloud services. Analysts expect revenue growth for its fiscal 2026 to be 12 ...
2 days ago
Oracle misses third quarter revenue estimates
Oracle missed Wall Street expectations for third-quarter revenue on Monday, weighed down by softer enterprise spending on its cloud infrastructure services, and strong competition from larger players. The company reported revenue of $14.13 billion, compared with estimates of $14.39 billion, accordin ...
2 days ago
Apple preparing for a major software overhaul, Bloomberg News reports
Apple is preparing a major overhaul of its software, due later this year, which will change the look of the operating systems and the interface of the iPhone, iPad and Mac, Bloomberg News reported on Monday, citing people familiar with the effort.The revamp, which is loosely based on Vision Pro' ...
2 days ago
CoreWeave inks $11.9 billion contract with OpenAI ahead of IPO
NEW YORK :CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock market launch.As part of the pact, CoreWeave will provide AI infrastructure to OpenAI, CoreWeave said in a statement on Monda ...
2 days ago
Exclusive-CoreWeave wins $12 billion cloud contract from OpenAI ahead of IPO, sources say
NEW YORK :CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year cloud-computing contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock market launch, people familiar with the matter told Reuters on Monday.The deal will give OpenAI a stake in Co ...
2 days ago
Exclusive-CoreWeave strikes $12 billion contract with OpenAI ahead of IPO, sources say
NEW YORK :CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI to provide cloud computing services ahead of its hotly anticipated stock market launch, people familiar with the matter told Reuters on Monday.The deal will give ...
2 days ago
US SEC to move away from requiring crypto firms to register as trading systems, chief says
WASHINGTON : The acting chief of the U.S. Securities and Exchange Commission said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of alternative trading systems to include some cryptocurrency firms.The SEC in 2022 proposed requiring some crypt ...
2 days ago
Exclusive-Apple, Meta likely to face modest fines over DMA breaches, sources say
BRUSSELS :Apple and Meta Platforms are set to face modest fines for allegedly breaching landmark rules aimed at reining in their power, people with direct knowledge of the matter said on Monday.Both companies have been in the European Commission's crosshairs since last year for potential breach ...
2 days ago
Exclusive-EU likely to impose modest fines on Apple, Meta over DMA breaches, sources say
BRUSSELS : EU antitrust regulators are expected to hand out modest fines to Apple and Meta Platforms for allegedly breaching landmark rules aimed at reining in their power, people with direct knowledge of the matter said on Monday.Both companies have been in the European Commission's crosshairs ...
2 days ago
SGX teams up with Brazil’s B3 to launch real futures in 2025
The contracts come as global investors’ interest in Brazilian markets is increasing, bringing with it a desire to hedge currency risks around-the-clock
2 days ago
Wall St brokerages start SailPoint coverage with broadly bullish view, but see competition risk
Wall Street brokerages on Monday started coverage on SailPoint Technologies with broadly bullish views, but some analysts warned that the identity security provider could face increased competition.SailPoint, which was previously listed in 2022 before being taken private by growth capital firm Thoma ...
2 days ago
US: Wall Street drops on trade war concerns; Tesla slides
[NEW YORK] Wall Street’s main indexes fell on Monday (Mar 10) as US President Donald Trump’s comments over the weekend stoked fears...
2 days ago
Stock markets slump on US, China economic fears
LONDON: Stock markets slipped on Monday (Mar 10) as investors fretted over the impact of President Donald Trump's trade policy on the economic growth of the United States and China, the world's biggest economies. Wall Street's three main indexes opened in the red, with the tech-heavy ...
2 days ago
New York sues Allstate over data breach, alleged security lapses
NEW YORK :New York state sued Allstate on Monday, accusing the insurer's National General unit of failing to report a data breach that exposed drivers' license numbers, and lacking reasonable safeguards to protect drivers' private information.The lawsuit by New York Attorney General L ...
2 days ago
New York sues Allstate over data breach, security lapses
NEW YORK :New York state sued Allstate on Monday, accusing the insurer's National General unit of failing to report a data breach that exposed drivers' license numbers, and lacking reasonable safeguards to protect drivers' private information.The lawsuit by New York Attorney General L ...
2 days ago
Jardine Matheson posts loss of US$468 mil, but underlying net profit stood at US$1.47 bil
Nicole Lim - Hong Kong-based conglomerate Jardine Matheson has reported a loss of US$468 million ($622.98 million) for FY2024 ended Dec 31, 2024, a contrast from earnings of US$686 million reported in the same period a year ago. The group’s underlying net profit, which management considers to be the key meas ...
2 days ago
Jardine Matheson posts loss of US$469 mil, but underlying net profit stood at US$1.47 bil
Nicole Lim - Hong Kong-based conglomerate Jardine Matheson has reported a loss of US$468 million ($622.98 million) for FY2024 ended Dec 31, 2024, a contrast from earnings of US$686 million reported in the same period a year ago. The group’s underlying net profit, which management considers to be the key meas ...
2 days ago
Jardine Matheson posts 11.4% drop in underlying profit to US$1.5 billion
Goh Ruoxue - This comes as full-year revenue fell some 0.7% to US$35.8 billion from US$36 billion in the year-ago period
2 days ago
Britain's CMA says Big Tech regulation to focus on UK impact, will issue 'road map' guidance
LONDON : Britain's antitrust regulator will focus on interventions in digital markets which have a "clear and direct" impact on UK consumers and businesses, and will give a road map to the Big Tech companies targeted, its CEO Sarah Cardell said on Monday.The British government has set ...
2 days ago
Tariff and growth worries boost safe-haven yen, Swiss franc
THE Japanese yen and Swiss franc strengthened against the US dollar on Monday (Mar 10), as traders flocked to safe-haven currencies due...
2 days ago
ServiceNow adds AI muscle with record $2.9 billion Moveworks deal
ServiceNow said on Monday it would buy AI firm Moveworks for $2.85 billion in cash and stock, marking the software maker's largest-ever acquisition when enterprises are spending heavily on the technology to enhance their IT operations.The rapid rise of generative artificial intelligence has pus ...
2 days ago
ServiceNow to buy AI firm Moveworks in record $2.9 billion deal to tap new customers
ServiceNow said on Monday it would buy artificial intelligence firm Moveworks for $2.85 billion, marking the software maker's largest-ever acquisition at a time when enterprises are spending heavily to enhance their IT operations.The cash-and-stock deal for privately owned Moveworks is expected ...
2 days ago
Crypto slump deepens as macro headwinds offset Trump push
Despite Trump’s crypto-friendly policies, including a US Bitcoin reserve order and a summit with industry leaders, market sentiment remains unchanged
2 days ago
Southern Alliance Mining guides for gross and higher net loss for 1HFY2025 from decrease in iron ore prices
Nicole Lim - Southern Alliance Mining has guided for a gross loss for 1HFY2025 ended Jan 31, 2025, compared to a gross profit reported in the same period a year ago. The group is also expecting to report a higher net loss for 1HFY2025, mainly due to a decrease in average realised selling price for iron ore con ...
2 days ago
IBM wins UK lawsuit against LzLabs over alleged theft of mainframe technology
LONDON : IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores' company LzLabs, which the IT giant accused of stealing trade secrets.IBM sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously owned Major ...