3 days ago
Oil prices settle 2% lower on expectations for US-Iran nuclear deal
[LONDON] Oil prices settled lower on Thursday on expectations for a US-Iran nuclear deal that could result in sanctions being eased and more...
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Europe: Stoxx 600 recovers declines; defence stocks gain after Russia-Ukraine meet
EUROPEAN shares reversed early declines to close higher on Thursday, with industrial stocks getting the biggest boost, while corporate earnings remained in the...
3 days ago
Japan's TDK accelerates launch of next-generation battery
TOKYO :Electronic components manufacturer TDK Corp is accelerating the launch of its next-generation silicon anode batteries, with preparations running ahead of schedule and demand from smartphone makers. Apple-supplier TDK was due to start shipping the third generation of its batteries this summer ...
3 days ago
US: Stocks end mostly up after mixed data
[NEW YORK] Wall Street stocks finished mostly higher on Thursday following mixed US economic data as markets await further announcement from Washington of trade...
3 days ago
DPM Heng hopes to spend time with family, travel, ‘not do any work’ in first year of retirement
Plans for his post-politics life have been on the cards for at least a year
3 days ago
Commentary: China’s defence industry is getting a DeepSeek moment with India-Pakistan clash
Investors are reassessing Beijing’s military capacity and potential to rise as an arms exporter, says Shuli Ren for Bloomberg Opinion.
3 days ago
Google hits 150 million users for subscription service with help of AI
SAN FRANCISCO :Alphabet's Google One subscription service, which charges consumers for cloud storage and artificial intelligence features, recently crossed 150 million subscribers, the company told Reuters.That represents a 50 per cent increase since February 2024, when Google One crossed 100 m ...
3 days ago
UAE to build biggest AI campus outside US in Trump deal, bypassing past China worries
DUBAI: The United Arab Emirates and the United States have signed an agreement for the Gulf country to build the largest artificial intelligence campus outside the U
4 days ago
AI firm Cohere doubles annualized revenue to $100 million on enterprise focus
NEW YORK :AI startup Cohere has doubled its annualized revenue since the beginning of the year, driven by growing demand for secure, customized AI tools among enterprise clients in regulated sectors, the company told Reuters.The company has crossed an annualized revenue of $100 million as of May 202 ...
4 days ago
Applied Materials misses second-quarter revenue estimates
Chipmaking equipment maker Applied Materials missed Wall Street estimate for second-quarter revenue on Thursday, against the backdrop of heightened uncertainty around the ongoing trade war and export curbs.Shares of the Santa-Clara, California based company fell 2 per cent in extended trading.For th ...
4 days ago
Take-Two sees annual bookings below revised estimates as "GTA VI" delay weighs
Take-Two Interactive on Thursday forecast fiscal 2026 bookings below revised Wall Street expectations, signaling that a strong lineup of releases this year may not cushion a hit from the delay of its highly anticipated "Grand Theft Auto VI".The company expects bookings of between $5.9 bill ...
4 days ago
Meta delays release of its 'Behemoth' AI model, WSJ reports
Meta Platforms is delaying the release of its flagship "Behemoth" AI model due to concerns about its capabilities, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Company engineers are struggling to significantly improve the capabilities of its Behemoth ...
4 days ago
Trump says he urged Apple to manufacture in US not India
DOHA: US President Donald Trump said Thursday (May 15) he urged Apple to manufacture its products in the United States instead of India, where the US tech giant has said it would be shifting production after US tariffs on China. "
4 days ago
Stronger defence revenue keeps ‘halo effect’ on ST Engineering
Douglas Toh - Singapore Technologies Engineering remains the top-performing component stock of the Straits Times Index for the year, as investors chase after the “halo effect” from the worldwide resurgence in appetite for defence stocks amid growing geopolitical uncertainty. Since the start of the year, ST En ...
4 days ago
Eutelsat revenue on track as Starlink rival gains government customers
French satellite operator Eutelsat met quarterly revenue estimates on Thursday, as the European rival to SpaceX's Starlink attracted new government customers for its OneWeb satellites.The group's total revenue in the third quarter of the 2024-25 fiscal year that ended in March was 300 mill ...
4 days ago
Coinbase says it strongly believes US SEC investigation should not continue
Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.The statement follows a New York Times report that said the U.S. Securities and Exchange Commission is investigating whethe ...
4 days ago
Malicious actors using AI to pose as senior US officials, FBI says
DETROIT :Malicious actors are using text messages and AI-generated voice messages to impersonate senior U.S. officials in a scheme to gain access to the personal accounts of state and federal government officials, the FBI said on Thursday.Access to targets' accounts could be used to go after ad ...
4 days ago
Pirelli's Chinese investor rejected 'unfair' proposal but open to collaborate
MILAN :A leading Chinese investor in Italian tyre maker Pirelli said on Thursday a proposal the company had put forward to solve problems that having a Chinese shareholder pose for its U.S. expansion plans were "seriously unfair".Without providing details on the proposal, Pirelli said Wedn ...
4 days ago
NASA rover observes aurora on Mars in visible light for first time
WASHINGTON :NASA's Perseverance rover has observed an aurora on Mars in visible light for the first time, with the sky glowing softly in green in the first viewing of an aurora from any planetary surface other than Earth.Scientists said the aurora occurred on March 18, 2024, when super-energeti ...
4 days ago
Terminal 5: Building for future growth
Felicia Tan - Changi Airport’s new Terminal 5 arrives as the Asia-Pacific (Apac) region is set to become one of the fastest-growing air travel markets over the next two decades, according to projections from Airports Council International (ACI). “The additional capacity at T5 (or Terminal 5) will enable Singa ...
4 days ago
Japfa’s shares to be suspended on May 19, to delist on June 10 after court sanctions scheme of arrangement
Felicia Tan - Japfa will delist on or around June 10 after the court sanctioned its scheme of arrangement on May 15. On Jan 24, Japfa’s controlling Santosa family made an offer of 62 cents per share with the intent to delist the company. Following the satisfaction of the scheme’s conditions, the scheme will b ...
4 days ago
Japfa expected to delist on Jun 10 as court sanctions scheme of arrangement
Jude Chan - Last day of trading of its shares will be on May 16; trading in the counter will be suspended from 9 am...
4 days ago
Amara loses free float; offer declared unconditional
Felicia Tan - Amara Holdings has lost its free float after shares in public hands fell below the mandatory level of 10%. As at 6pm on May 15, the company’s offeror received 16.9 million shares or 2.94% in valid acceptances of the offer. This brings its stake to a total of 525.3 million shares or a 91.36% stake. ...
4 days ago
Amara loses free float, trading to be suspended
Jessie Lim - Total number of shares owned, controlled or to be acquired by the offeror together with valid acceptances of the offer amount to...
4 days ago
2 massive black market services blocked by Telegram, messaging app says
WASHINGTON :Two sprawling digital black markets operating on the communications platform Telegram have been removed, the service said on Thursday.Xinbi Guarantee and Huione Guarantee - Chinese-language markets known for serving cybercriminals and scammers - appeared to be inactive on Thursday.Telegr ...
4 days ago
Coreweave signs new $4 billion deal with OpenAI, filing shows
Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI under which the ChatGPT maker has committed to pay Coreweave up to $4 billion through April 2029, a regulatory filing showed on Thursday.Coreweave said on a post-earnings call on Wednesday it had signed a $4 billion ex ...
4 days ago
Sats’ $250 mil upgrade lays groundwork for Terminal 5 cargo and passenger loads
Douglas Toh - Sats Group is set to enhance its ground operations and cargo handling infrastructure at its Singapore hub located at Changi Airport. The investment will cost a total of $250 million, with $150 million going towards the renewal and expansion of the group’s Singapore Hub ground support equipment (GS ...
4 days ago
LHN net profit for H1 rises 8.8% to S$14.1 million
Jessie Lim - Increase primarily attributed to revenue contribution from the property development business
4 days ago
‘Nationalisation not on the cards’; SingPost to continue streamlining business, says group CFO Isaac Mah
Felicia Tan - The nationalisation of Singapore Post(SingPost) is “not on the cards”, confirmed group CFO Isaac Mah at the group’s full-year results briefing on May 15. This was Mah's first briefing as group CFO. Mah’s remarks came nearly three months after SingPost’s chairman, Simon Israel, told th ...
4 days ago
Cosmosteel's controlling shareholder leads 20 cents per share takeover offer
The Edge Singapore - A group of investors including the controlling shareholder of Cosmosteel Holdings is offering 20 cents per share for the mainboard-listed piping steel supplier. The offer is made via an entity called 3HA Capital, whose shareholders include Hanwa Co, a Tokyo-listed trader of steel and other materials ...
4 days ago
3HA Capital launches 20 cents per share takeover offer for Cosmosteel
The Edge Singapore - A group of investors including a wholly-owned subsidiary of Cosmosteel Holdings' controlling shareholder Hanwa Co is offering 20 cents per share for the mainboard-listed piping steel supplier. The offer is made via an entity called 3HA Capital, whose shareholders include Hanwa Singapore, a subs ...
4 days ago
China's Xiaomi to launch self-developed mobile chip in late May
BEIJING: Chinese smartphone and EV maker Xiaomi said on Thursday (May 15) it will launch a new self-developed advanced mobile chip, XringO1, in late May, as it seeks to power more of its high-end devices with proprietary silicon. The announcement was made by Xiaomi's CEO Lei Jun on his Weibo ac ...
4 days ago
Trump’s tariffs are an opportunity, not headache: YCH
Jovi Ho - The Trump administration has blinked first, hailing “breakthrough” talks with the UK earlier this month and agreeing to lower tariffs on China last week. Given US President Donald Trump’s capricious approach to international relations, however, Chinese manufacturers have begun preparing for th ...
4 days ago
LHN’s earnings up 8.8% y-o-y to $14.1 mil for 1HFY2025; application for spin-off of Coliwoo submitted
Nicole Lim - LHN Limited has reported earnings of $14.1 million for the 1HFY2025 ended March 31, 2025, up 8.8% y-o-y. For the first half of the year, the group saw a 29.4% y-o-y increase in revenue to $70.6 million, due to revenue contribution from its property development business and increase in revenue from i ...