Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

Latest Business Headlines and Stock Market News Published by Singapore Publisher Channel News Asia, Deal Streat Asia, Singapore Business Review, The Business Times, The Edge Market, Today Online @ SGinvestors.io

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1 day ago
C3.ai posts robust quarterly results, announces CFO change
:Software firm C3.ai on Wednesday posted better-than-expected quarterly results and narrowed its full-year revenue forecast range which was still ahead of Wall Street estimates, sending its shares up more than 14 per cent in extended trading.The company also named Hitesh Lath as its chief financial ...
1 day ago
C3.ai posts robust quarterly results, narrows annual revenue forecast
:Software firm C3.ai on Wednesday posted better-than-expected quarterly results and narrowed its full-year revenue forecast range which was still ahead of Wall Street estimates, sending its shares up more than 14 per cent in extended trading.The company also named Hitesh Lath as its chief financial ...
1 day ago
HP reports sales that miss estimates with PC slump dragging on
HP REPORTED quarterly revenue that missed estimates, battered by the ongoing slump in personal computer (PC) sales.
1 day ago
UnitedHealth hackers say they stole 'millions' of records, then delete statement
WASHINGTON : In a message posted to, and then quickly deleted from their darknet site, the hackers blamed for striking the UnitedHealth Group said on Wednesday they stole millions of sensitive records, including medical insurance and health data, from the company.In its claim of responsibility, the ...
1 day ago
Crypto miner lawsuit sets back US effort to track booming power use
NEW YORK : U.S. officials this week indefinitely withdrew a survey aimed at gathering information on the crypto-mining industry's power use, hindering attempts to understand the sector's impact on grids and energy prices at a time of record activity. Riot Platforms, among the biggest U.S. ...
1 day ago
AMC theatre chain’s profit falls short of estimates, shares drop
AMC Entertainment Holdings, the world’s largest theatre chain, reported fourth-quarter earnings that fell short of Wall Street estimates, sending the shares lower.
1 day ago
Oil gains on potential Opec+ cuts, curbed by jump in US crude stocks
OIL prices rose marginally on Wednesday as the prospect of delays to US interest rate cuts and a higher-than expected rise in US crude stocks offset support from a potential extension to Opec+ supply cuts.
1 day ago
Europe: Shares drop on earnings dismay; investors await inflation data
EUROPE’S benchmark stock index fell on Wednesday as a raft of downbeat corporate earnings bruised sentiment, while investors globally braced for crucial euro zone and US inflation data later in the week for fresh clues on interest rate outlooks.
1 day ago
Paramount sales fall on ad slump; streaming subscribers rise
PARAMOUNT Global, the parent of CBS, MTV and other networks, said fourth-quarter sales fell 6 per cent to US$7.64 billion, the result of shrinking advertising on traditional TV channels.
1 day ago
US: Stocks dip ahead of key inflation report
WALL Street stocks slipped on Wednesday ahead of inflation data expected to influence the Federal Reserve’s upcoming policy decisions.
1 day ago
Commentary: So long, Apple Car, we’ll never know what we missed
In this era of cost-cutting across the tech business, the Apple Car is a distraction that can no longer be justified, says Dave Lee for Bloomberg Opinion.
1 day ago
Marketmind: Spotlight shines on Japanese, Australian consumers
A look at the day ahead in Asian markets.Thursday's Asia-Pacific economic calendar is one of the busiest of the year so far, with a raft of top-tier indicators from across the region certain to get local markets moving before U.S. inflation figures are out later in the day. The global mood is ...
1 day ago
Gemini to return $1.1 billion to customers, pay fine in regulatory settlement
:Cryptocurrency exchange Gemini will return at least $1.1 billion to customers of its defunct lending program and pay a fine of $37 million for unsafe and unsound practices as part of a settlement with the New York Department of Financial Services (NYDFS), the regulator said on Wednesday. Gemini ...
1 day ago
Gemini to return $1.1 billion to customers, pay fine in settlement with New York regulator
Cryptocurrency exchange Gemini will return at least $1.1 billion to customers of its defunct lending program and pay a fine of $37 million for unsafe and unsound practices as part of a settlement with the New York Department of Financial Services, the regulator said on Wednesday. Gemini's Earn ...
1 day ago
Snowflake forecasts weak first-quarter product revenue, shares slump
:Snowflake forecast first-quarter product revenue below Wall Street estimates on Wednesday on expectations that customers would cut back on spending in an uncertain economy, sending its shares plunging more than 24 per cent in extended trading.The cloud data analytics company also appointed Sridhar ...
1 day ago
Electronic Arts to lay off 5% of workforce, reduce office spaces
:Videogame maker Electronic Arts said on Wednesday it would reduce 5 per cent of its workforce, as the industry struggles to grow amid high interest rates.The company expects to incur about $125 million to $165 million in charges as part of the restructuring plan that also includes a reduction in re ...
1 day ago
Electronic Arts to lay off 5% of workforce, reduce office space
Electronic Arts will reduce 5 per cent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday (Feb 29), as the video game industry struggles to grow amid high-interest rates. The company, which makes gaming titles such as "S ...
1 day ago
HP misses first-quarter revenue estimates on sluggish demand in PC market
:HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades.Shares of the company were down 6.3 per cent in extended trading.Enterprise c ...
1 day ago
Salesforce sees annual revenue below estimates on weak cloud demand
:Salesforce expanded its stock buyback program by $10 billion and announced a new dividend, but its lower-than-expected annual revenue forecast pushed shares down 4 per cent in after hours trading.The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients gr ...
1 day ago
Salesforce forecasts annual revenue below estimates
:Salesforce forecast fiscal 2025 revenue below market expectations on Wednesday as it expects weak client spending on its cloud and business products.Shares of the company fell over 6 per cent in extended trading. The company expects revenue in the range of $37.7 billion to $38 billion, compared wit ...
1 day ago
Paramount posts surprise profit as streaming gains offset weak ad market
:Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday but posted a surprise profit as streaming gains helped overshadow a weak advertising market, sending its shares up nearly 2 per cent after the bell.The media industry has been grappling with a changing landscape ...
1 day ago
Paramount misses quarterly revenue estimates as weak ad market offsets streaming gains
Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday, weighed by intense competition from streaming rivals and a weak advertising market.The media industry has been grappling with a changing landscape of streaming gaining dominance over traditional television and t ...
1 day ago
While bonus shares are largely a gimmick, DBS’ proposed issue is a boon
Leslie Yee - THE mention of a bonus sends the heartbeats of salaried workers racing. Maybe this word has the same effect with investors.
1 day ago
Future-proofing businesses through a reimagined tax approach
EVOLVING regulatory changes, a changing workforce, and emerging technologies are among the many challenges that companies are facing today.
1 day ago
Exclusive-Fiserv, Amadeus vie to acquire Shift4 Payments, sources say
NEW YORK : Fiserv and Amadeus IT Group are competing to acquire Shift4 Payments, a payments processor that has a market value of $6.5 billion, according to people familiar with the matter.Fiserv and Amadeus are the two main contenders in a sale process that Shift4 has been running, and are preparing ...
1 day ago
Coinbase says it's investigating issue on accounts showing zero balance
:Coinbase Global said on Wednesday it is investigating an issue that is causing some users to see zero balance across their accounts and may cause errors in buying or selling. "Our team is investigating this and will provide an update shortly. Your assets are safe," the crypto exchange add ...
1 day ago
Coinbase says outage affecting trading accounts beginning to improve
Coinbase Global said on Wednesday (Feb 28) it was beginning to see improvement in customer trading after an issue caused some users to see zero balance across their accounts and may have led to errors in buying or selling. "We're beginning to see improvement in customer trading. Due to inc ...
1 day ago
Bitcoin tops US$60,000, approaches all-time high
LONDON: Bitcoin passed the US$60,000 mark on Wednesday (Feb 28) approaching its all-time high and continuing its unbridled rise since the approval of a new type of investment indexed to the cryptocurr
1 day ago
Chinese carmaker BYD looking for Mexico plant location, executive says
MEXICO CITY :Chinese electric carmaker BYD is looking for a location in Mexico to set up a factory aimed at boosting the company's share in the local market, Stella Li, BYD Americas CEO told Reuters on Wednesday. The company expects to choose a location for the plant, which is set to have a cap ...
1 day ago
Chinese carmaker BYD launches low-cost Dolphin Mini EV in Mexico
MEXICO CITY :Chinese electric carmaker BYD will begin selling its Dolphin Mini electric vehicle (EV) in Mexico at a starting price of 358,800 pesos ($20,990), executives said on Wednesday. At a launch event in Mexico City, Stella Li, president of BYD Americas, said the car aims to mix technology and ...
1 day ago
France backs global minimum tax on billionaires at G20
PARIS: France wants a new push for a global minimum tax on the super-rich, building on the success of a 15 per cent minimum on multinationals taking effect this year, Finance Minister Bruno Le Maire said on Wednesday (Feb 28). "Currently the richest people can avoid paying the same level of tax ...
1 day ago
Apple to disclose AI plans later this year, CEO Tim Cook says
:Apple plans to disclose more about its plans to put generative artificial intelligence to use later this year, Chief Executive Officer Tim Cook said during the company's annual shareholder meeting on Wednesday.Cook said that the iPhone maker sees "incredible breakthrough potential for gen ...
1 day ago
AEM sinks into the red with H2 net loss of S$20.9 million; proposes no dividend
Zhao Yifan - SEMICONDUCTOR equipment maker AEM Holdings on Wednesday (Feb 28) reported a net loss of S$20.9 million for the six months ended Dec 31, 2023, reversing a net profit of S$44 million in the corresponding period a year earlier.
1 day ago
Meta plans launch of new AI language model Llama 3 in July, The Information reports
Meta Platforms is planning to release the newest version of its artificial-intelligence large language model Llama 3 in July which would give better responses to contentious questions posed by users, The Information reported on Wednesday.Meta researchers are trying to "loosen up" the model ...






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