3 days ago
Commentary: Open source could pop the AI bubble - and soon
Open-source artificial intelligence models are catching up with closed models in terms of performance, says Mark Surman for the Financial Times.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
What is so special about TikTok's algorithm?
BEIJING, Dec 20 : The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the app's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's U. ...
3 days ago
Explainer-What is so special about TikTok's algorithm?
BEIJING, Dec 20 : The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the app's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's U. ...
3 days ago
World Bank approves $700 million for Pakistan's economic stability
Dec 19 : The World Bank said on Friday that it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.The funds will be released under the bank's Public Resources for Inclusiv ...
3 days ago
CEO of 7-Eleven US retires as company undergoes broader revamp
US CONVENIENCE store chain 7-Eleven said its chief executive will retire at the end of this month, as Japanese parent Seven &...
3 days ago
Google warns staff with US visas against international travel due to embassy delays, Business Insider says
Dec 19 : Alphabet's Google has advised some employees on U.S. visas to avoid international travel due to delays at embassies, Business Insider reported on Friday, citing an internal email.The email, sent by the company's outside counsel BAL Immigration Law on Thursday, warned s ...
3 days ago
ValueMax to defend claims of infringement by LV, says it doesn’t carry LV products currently
[SINGAPORE] ValueMax says it is vigorously defending claims of infringement and does not currently carry LV products at all its outlets, in...
3 days ago
Musk wins US court appeal of US$56 billion Tesla pay package
A DELEWARE appeals court cleared the way Friday for tech CEO Elon Musk to receive a long-contested US$56 billion Tesla pay package,...
3 days ago
7-Eleven Inc says CEO Jeo DePinto to retire
Dec 19 : Convenience store chain 7-Eleven Inc said on Friday that Chief Executive Officer Joe DePinto will retire after 20 years in the role.The company said in a statement that it has appointed current President Stan Reynolds and Doug Rosencrans, executive vice president and chief opera ...
4 days ago
TikTok owner ByteDance on track for US$50 billion profit in 2025
Despite this, growth is likely to be slower than previous years
4 days ago
Meta's Dina Powell McCormick quits board, may stay on as adviser
Dec 19 : Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining, the company said on Friday.Powell McCormick, who served as deputy national security adviser to U.S. President Donald Trump during his first term, may co ...
4 days ago
Why some SGX small-caps survive the watch list – and others fail
Data from Singapore’s ‘watch-list era’ shows the dos and don’ts of pulling off a successful corporate comeback
4 days ago
MAS has breathing room to react to sudden shocks in 2026: economists
Low Youjin - Tariffs, fading AI chip demand or a sharper-than-forecast global slowdown could prompt looser policy – but tightening is possible too
4 days ago
French court rejects Shein suspension
A FRENCH court on Friday rejected the state’s request to suspend Shein’s site in France as “disproportionate” after the Asian e-commerce giant...
4 days ago
What Novo Nordisk, OpenAI and Pop Mart have in common
All three have suffered the curse of overnight success
4 days ago
US stocks: Nasdaq rallies again while yen falls despite BOJ rate hike
RESURGENT artificial intelligence shares lifted the Nasdaq on Friday for a second straight session while the yen retreated despite a Bank of...
4 days ago
European stocks hover near record on lingering policy optimism
EUROPEAN stocks hovered near a record on Friday, wrapping up the final full trading week of the year with optimism around further policy easing...
4 days ago
Oil posts second weekly decline as glut concerns dominate
OIL declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply.
4 days ago
Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
WILMINGTON, Delaware, Dec 19 : Elon Musk's 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable."The ruling overturns a decision that had prompted ...
4 days ago
Musk wins appeal that restores 2018 Tesla pay deal now worth about $155 billion
WILMINGTON, Delaware, Dec 19 : Elon Musk's 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable."The ruling overturns a decision that had prompted ...
4 days ago
Starbucks taps Amazon's Anand Varadarajan as new chief technology officer
(Adds dropped word "officer" in paragraph 1)Dec 19 : Starbucks said on Friday it has appointed Anand Varadarajan as its new chief technology officer, effective January 19, as CEO Brian Niccol pushes a tech revamp in stores to make labor more efficient.Varadarajan will fill the rol ...
4 days ago
EU Council backs digital euro with both online and offline functionality
MILAN, Dec 19 : The EU Council on Friday backed a negotiating position for a digital euro that includes both online and offline functionality, diverging from earlier European Parliament proposals that focused solely on offline usage.Under the Council's new position, the digital euro would be ...
4 days ago
AI boom drives data-center dealmaking to record high, says report
Dec 19 : Global data-center dealmaking surged to a record high through November this year, driven by an insatiable demand for computing infrastructure to meet the boom in artificial intelligence usage. Data from S&P Global Market Intelligence showed that there were more than 100 data center ...
4 days ago
Morgan Stanley seen as front-runner for SpaceX IPO, sources say
NEW YORK, Dec 19 : Morgan Stanley is emerging as a leading contender for a key role in SpaceX's blockbuster initial public offering, as the bank's close ties to CEO Elon Musk give it an edge in his decision, according to three people familiar with the matter.A selection process, or " ...
4 days ago
Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros
MILAN, Dec 19 : Italy's Treasury has agreed to sell PagoPA, which handles digital payments to public administrations, to the state mint and to state-backed postal group Poste Italiane for up to 500 million euros ($586 million), the mint said on Friday.The deal has raised concerns among Italian ...
4 days ago
Nvidia-Intel deal cleared by US antitrust agencies
Dec 19 : U.S. antitrust agencies have cleared Nvidia's investment in Intel, according to a notice posted by the U.S. Federal Trade Commission.While the notice did not specify the details of the transaction, Nvidia said in September it would invest $5 billion in Intel, throwing ...
4 days ago
UniCredit issues its first tokenised structured note
MILAN, Dec 19 : Italian bank UniCredit said on Friday it had issued its first tokenised structured note for private investors, a week after issuing its first tokenised minibond together with state lender Cassa Depositi e Prestiti.Tokenisation turns a traditional financial instrument — suc ...
4 days ago
HS Optimus Holdings sells Melbourne property for A$19.7 mil
Felicia Tan - HS Optimus Holdings has agreed to sell its property at 23-31 Lincoln Square South, Carlton, Melbourne, for A$19.7 million ($16.75 million). The company’s wholly-owned subsidiary, Ambertree Vic Mel (Lincoln), entered into a contract of sale with a “well-established educational institution” in M ...
4 days ago
Yen weakens against peers after BOJ raises interest rates
NEW YORK/LONDON, Dec 19 : The yen weakened sharply against the dollar and other major peer currencies on Friday after the Bank of Japan raised rates to a 30-year high but did not offer clarity on future hikes.The yen fell against the dollar after the BOJ lifted its policy rate to 0.75 per cent fr ...
4 days ago
Yen weakens across board after BOJ delivers rate hike
NEW YORK/LONDON, Dec 19 : The yen weakened sharply against the dollar and other major currencies on Friday as traders drove it towards levels that could trigger official buying after the Bank of Japan raised rates to a 30-year high but did not offer clarity on future hikes.The yen fell against the d ...
4 days ago
Strategy and bitcoin-buying firms face wider exclusion from stock indexes
PARIS, Dec 19 : Michael Saylor's Strategy could soon be dropped from MSCI and potentially other major stock indexes, which analysts say could cost the bitcoin-hoarding giant up to $9 billion in demand for its shares and hurt the wider appeal of the sector.After queries from clients, MSCI in ...
4 days ago
Citadel posts worst return since 2018 as natural gas bets falter
This is partly due to erratic swings triggered by geopolitical turmoil, making trades hard to stick to
4 days ago
Wall Street opens higher on tech rebound, Nike slumps
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Dec 19), as technology stocks extended their rebound from an early-week sell-off,...
4 days ago
Japan finance minister warns of action against any excessive forex moves
TOKYO, Dec 19 : Japanese Finance Minister Satsuki Katayama said on Friday that Tokyo would take appropriate action to deal with any excessive currency volatility after the yen plunged despite the central bank's decision to raise interest rates. "We are alarmed as we are clearly seeing o ...