EchoStar soars 50% after report Trump urged EchoStar, FCC chair to reach deal on licenses
NEW YORK :Shares of EchoStar rose as much as 50 per cent on Monday following a late Friday Bloomberg report that U.S. President Donald Trump urged EchoStar Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company's wireless spe ...
Mitsubishi Corp in talks for $8 billion US shale acquisition, source says
Mitsubishi Corp is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday.The deal, should it be struck, would give the Japanese conglomerate a substantial natural gas operation adjacent t ...
US Steel shares rise after golden share details unveiled
WASHINGTON :Shares of U.S. Steel rose 5 per cent on Monday, as a $14.9-billion bid for the well-known American firm from Nippon Steel approached the finish line and after details of the U.S. government's golden share emerged over the weekend.U.S. Steel shares hit $54.86, just short of the $55 N ...
Orsted favours investing more in Taiwan, South Korea over new markets in Asia, says exec
KUALA LUMPUR : Orsted, the world's biggest offshore wind developer, will increase investment in Taiwan and South Korea where it has already been awarded projects, instead of expanding to new markets in Asia, a senior company official told Reuters on Monday.Rising costs, supply chain disruptions ...
Trump Media deepens crypto push with Bitcoin-Ether ETF filing
It offers investors easy, low-cost exposure to the two largest digital assets, providing an alternative to peer-to-peer or digital trading platforms
Dutch court confirms Apple abused dominant position in dating apps
AMSTERDAM :A Dutch court on Monday confirmed a 2021 consumer watchdog 's ruling saying that Apple had abused its dominant position by imposing unfair conditions on providers of dating apps in the App Store. The Rotterdam District Court ruled that the Dutch Authority for Consumers and Markets (A ...
US: Wall St opens higher as oil prices ease, Fed meeting in focus
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Jun 16) as easing oil prices supported sentiment despite ongoing attacks between...
Instant View: Trump Organization launches Trump Mobile smartphone service
The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signaling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.The new mobile venture will include call centers ...
Trump Organization launches Trump Mobile smartphone service
The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signaling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.The new mobile venture will include call centers ...
WhatsApp introduces first major advertising features
Those who only use WhatsApp for personal messaging will see no changes to their experience, as all new features are confined to the Updates tab that can be deactivated in the settings.
Air India crash seen triggering US$475 million in insurance claims
Saikat Das and Mihir Mishra / Bloomberg - India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million. “This aviation insurance claim could be one of the biggest in India’s history,” said Ram ...
SIA, Scoot passenger traffic growth eases to 3.1% in May
Sharon See - The level is slightly ahead of the group’s passenger capacity expansion of 2.8% year on year
Crypto group Tron to go public in US via reverse-merger with SRM
Hong Kong-based crypto entrepreneur Justin Sun's blockchain group Tron will go public in the United States in a reverse merger with SRM Entertainment, the companies said on Monday.
Trump Media seeks SEC approval for bitcoin and ethereum ETF
Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday.This marks the second cryptocurrency ETF filing from the s ...
Opec sees solid second-half of 2025 for world economy, trims 2026 supply
Opec believes the economic outlook is robust despite trade concerns
Trump family in phone service licensing deal, touts a US$499 device
The new mobile venture would have call centres based in the US and phones made in America
Chow Tai Fook Jewellery offers US$1 billion convertible bond
UBS is proposing to conduct a share placement aimed at facilitating hedging for investors buying the bonds
Trump Organization unveils self-branded mobile phone network
NEW YORK: Trump Organization launched a self-branded mobile network on Monday (Jun 16), dubbed Trump Mobile, signalling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers. The Trump family, long known for its real estate empir ...
Defence stocks rally after Israel-Iran strikes, but Morningstar discredits traders’ ‘exaggerated reaction’
Jovi Ho - Shares of global defence contractors appreciated as much as 4% after Israel launched a series of strikes against Iranian facilities and personnel on June 13, but Morningstar Equity Research analyst Nicolas Owens calls this rally an “exaggerated reaction” to news of renewed conflict in the Middle ...
Reddit unveils AI-driven ad tools to help brands tap into user discussions
Reddit launched two new AI-powered advertising features on Monday aimed at helping brands drive greater engagement by tapping user conversations on the platform, the company said.The company said its AI-driven tool, "Reddit Insights", would provide real-time insights to marketers for plann ...
Oil surge puts Singapore on alert as Strait of Hormuz risk grows
Mia Pei - Analysts warn of worst-case scenario that could send prices past the US$100 mark and hurt the city state’s and global growth, though...
Japan supermarket rice prices fall for third straight week
TOKYO : Japan's average supermarket rice prices fell for the third straight week through June 8, data showed on Monday, reflecting the release of cut-price grain from the government's emergency stockpile.Following a surge in the price of rice in Japan, a new farm minister last month ended ...
Chow Tai Fook Jewellery seeks US$1 bil from convertible bonds
Dave Sebastian / Bloomberg - Chow Tai Fook Jewellery Group is seeking to raise HK$7.85 billion ($1.28 billion) from the sale of bonds convertible into stock, according to terms of the deal seen by Bloomberg News. The bonds will be due around the end of June 2030, according to the terms. The bonds will carry a coupon of zero to ...
World Bank approves US$2.1 billion investment to support Indonesia’s growth and clean energy goals
Elisa Valenta - The fund will also provide electricity to 3.5 million people and support the development of 540 megawatts of solar and wind power,...
Goh Jin Hian judgment clarifies scope of directors’ duties, notes observers as ruling says directors should be a ‘sentinel’, not a ‘sleuth’
Ranamita Chakraborty - Observers say judgment offers practical guidance by narrowing the scope of when a director should be held liable for inaction
Goh Jin Hian judgement clarifies scope of directors’ duties, notes observers as ruling says directors should be a ‘sentinel’, not a ‘sleuth’
Ranamita Chakraborty - Observers say judgment offers practical guidance by narrowing the scope of when a director should be held liable for inaction
Pakistan holds key rate at 11% as geopolitical tensions stoke inflation risks
ISLAMABAD :Pakistan's central bank kept its key interest rate unchanged at 11 per cent on Monday, in line with expectations, as the conflict between Israel and Iran and volatile global oil prices added upside risks to inflation.The State Bank of Pakistan briefly paused its easing cycle in Marc ...
Pakistan's central bank holds key rate at 11%, as expected
ISLAMABAD :Pakistan's central bank kept its key interest rate unchanged at 11 per cent on Monday, in line with expectations, as the conflict between Israel and Iran and volatile global oil prices added upside risks to inflation.The State Bank of Pakistan (SBP) briefly paused its easing cycle i ...
CosmoSteel receives final approval to dispose property at 90 Second Lok Yang Road for $9 mil
CosmoSteel Holdings has received the final approval for the disposal of property at 90 Second Lok Yang Road, which it is now expecting to take place in end-August 2025. The property is a 5-storey single-user warehouse building with ancillary workers’ dormitory with a land area of approximately 69, ...
World Bank joins $2.13 billion blended finance package for Indonesia
JAKARTA : The World Bank has approved two investments involving a total blended finance package of $2.13 billion to boost economic growth and improve clean energy access across Indonesia, the multinational lender said in a statement on Monday.
Daily Debrief: What Happened Today (Jun 16)
Stories you might have missed
Civil servants get 0.4-month mid-year bonus, marginally lower than in 2024
Sharon See - Junior officers will receive an additional one-time payment of up to S$400, up from S$250 last year
Trendlines “remains fully operational” despite eruption of Israel’s conflict with Iran
Nicole Lim - The Trendlines Group, a medtech and agrifood incubator which has operations in Israel, says that it is remaining fully operational despite the ongoing Israel-Iran conflict which escalated over the last week. The group says that it has “once again smoothly transitioned to remote work — something ...
US stocks risk 20% drop in high inflation scenario: RBC
Sagarika Jaisinghani / Bloomberg - The S&P 500 Index risks sinking 20% if inflation spikes on the back of higher oil prices, according to a report by RBC Capital Markets strategists that laid out three possible pullbacks. The strategists, led by Lori Calvasina, said US equities are vulnerable given the recent rally and valuations ...
