Institutional investors boosted holdings of AI infrastructure plays during first quarter
PROVIDENCE, Rhode Island, May 15 : Institutional investors were eager buyers of stocks in companies whose fate hinges on the rollout and adoption of artificial intelligence during the first quarter of 2026, according to a Reuters overview of filings by nearly 6,000 hedge funds, pension funds, colleg ...
Dollar climbs for fifth straight day as Fed rate hike bets grow
NEW YORK, May 15 : The dollar gained for a fifth straight day on Friday and was poised for its largest weekly percentage rise in two months, as market expectations for the path of monetary policy from the Federal Reserve continue to shift towards possible rate hikes.The advance in the greenback this ...
US debt load could undercut Warsh‘s plan to shrink Fed balance sheet
[WASHINGTON] Incoming Federal Reserve chief Kevin Warsh‘s plans to shrink the US central bank’s “footprint” in financial markets could be constrained by rising...
UK firms should take steps to limit risks from frontier AI models, UK says
LONDON, May 15 : British companies should take steps to plan for and mitigate risks from new artificial intelligence models, the country's finance ministry, the Bank of England and the Financial Conduct Authority regulator said on Friday."The cyber capabilities of current frontier AI model ...
H&M lays off staff in Singapore, moves regional headquarters to Malaysia
It still has six outlets in Singapore
Singapore court grants winding up bids for three entities linked to 1MDB scandal, liquidators say
KUALA LUMPUR: The Singapore High Court has granted winding up applications filed for three entities incorporated in the British Virgin Islands and linked to the multibillion-dollar scandal at Malaysian state fund 1Malaysia Development Berhad (1MDB), liquidators recovering assets for 1MDB said on Fri ...
Wall St down at open as yields jump on inflation worries
[NEW YORK] Wall Street indexes opened sharply lower on Friday (May 15), as inflation fears triggered by the Middle East conflict drove...
Nam Cheong’s reports 1QFY2026 patmi of RM78.9 mil, lowers net gearing to 0.17 times
Lin Daoyi - Mainboard-listed Nam Cheong has reported patmi of RM78.9 ($25.5) million, a y-o-y gain of around 160% for 1QFY2026 ended March 31. The increase was mainly due to a one-off gain from a vessel sale worth RM60.5 million. The offshore service vessel (OSV) provider earned nearly RM118 million in revenue ...
Starbucks cuts 300 US corporate jobs and closes some regional offices
It’s also reviewing its international support organisations and expects more job cuts outside the US
Tech CEOs invited to US Capitol to testify about children's online safety
May 15 : The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill to answer questions from U.S. lawmakers about children’s online safety, according to a Senate aide.Senate Judiciary Chairman Chuck Grassley, a Republican, invited Meta's Mark Zuckerberg, Alphabet' ...
Tech CEOs summoned to US Capitol for June hearing
May 15 : The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill to answer questions from U.S. lawmakers about children’s online safety, according to a Senate aide.Senate Judiciary Chairman Chuck Grassley, a Republican, invited Meta's Mark Zuckerberg, Alphabet' ...
Tech CEOs summoned to Capitol for June hearing
May 15 : The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill for a broad oversight hearing in June, according to a Senate aide.Senate Judiciary Chairman Chuck Grassley, a Republican, invited Meta's Mark Zuckerberg, Alphabet's Sundar Pichai, TikTok's Shou ...
UOB to sell property interests worth $387 mil in Novena Square to SingLand and former Faber House to UOL Group
The Edge Singapore - United Overseas Bank is selling properties worth some $387 million to related parties as part of its capital reallocation moves. These properties are carried on the bank's books at $149.5 million. First, UOB will sell its 20% interest in Novena Square to joint venture partner Singapore Land Gro ...
ThaiBev optimistic in Thailand for second half of 2026 despite weaker beer sales
Lionel Lim - Revenue for the segment is down 5.4% at 62.6 billion baht for the six months ended Mar 31
Global equities unnerved by bond market jitters
Goola Warden - In the US, the yield on two-year Treasuries climbed to 4.06%, a level not seen since March 2025. Bloomberg notes that Japan’s 30-year yield hit 4% for the first time since 1999. A political crisis in the UK lifted 30-year gilt yields to a 28-year high. The yield on 30-year Treasuries of 5.10% is t ...
Samsung executives make rare union visit as strike fears mount
SAMSUNG Electronics’ top management made a rare visit to leaders of the company’s largest labour union late Friday in an effort to...
SingLand buys out UOB’s stake in Novena Square JVs for S$299 million
Sharanya Pillai - The move will enhance SingLand’s share of recurring income from a stabilised asset, the company says
Olam Group completes Mindsprint sale to Wipro for US$386 million cash
Lin Daoyi - In a bourse filing on May 15, Mainboard-listed Olam Group has announced the completion of the sale of subsidiary Mindsprint to Wipro, a global technology services and consulting company. Wipro paid US$386 ($492) million in cash for Mindsprint. The sale of Mindsprint, an IT and digital services busin ...
Keppel inks further Bifrost deal with Telstra, in ‘advanced’ talks with more customers
Sharanya Pillai - It aims to sign contracts for the remaining fibre pairs in H1 this year
Winklevoss-founded Gemini shares surge after founders' $100 million lifeline
May 15 : Gemini Space Station shares surged more than 20 per cent in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and its founders injected $100 million into the business.Shares of the New York-based company were priced at $28 in their ...
At Cannes, filmmakers shift towards cautious acceptance of AI's inevitability
CANNES, France, May 15 : If Xavier Gens had waited until now to make his 2024 Netflix hit "Under Paris" about a giant shark in the Seine, he could have cut the visual effects budget by half and finished up to eight months earlier, the French director told Reuters."I would do it in thr ...
SIA Group passenger traffic rises 7% in April
Deon Loke - SIA, Scoot carried a total of 3.6 million passengers, a 7.5 per cent year-on-year increase
UOL to buy out UOB stake in former Faber House for S$68 million amid Nomad Hotel rebuild
Sharanya Pillai - The new development will have a banking hall at its ground level
Japan’s biggest banks expect another year of record profit
They project earnings will scale new heights as rising interest rates spur loan profitability
JustCo targets S$100 million mainboard IPO to expand into existing and new markets
Ranamita Chakraborty - The GIC-backed company is set to be the second to list on the SGX mainboard this year
LVMH agrees to sell Marc Jacobs brand to WHP, G-III
In a filing, G-III says it plans to invest up to US$425 million in the 50-50 venture
Singapore stocks end lower on Friday; STI down 0.1%
Jude Chan - The worst performer is Venture Corporation, falling 3.1% or S$0.56 to close at S$17.64
Exclusive-At Samsung, the global AI boom spurred a looming strike and deep divisions
SEOUL, May 15 : A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom?More than 45,000 workers are threate ...
Argentum AI signs $2.5 billion data center deal with cloud, real estate firms
May 15 : Argentum AI has signed a deal worth around $2.5 billion with cloud gaming firm Boosteroid and real estate company DL Invest Group for a 300-megawatt data center in Europe, the artificial intelligence infrastructure provider told Reuters on Friday. Under the deal, Argentum said it will deplo ...
How SpaceX stacks up against some of the biggest US IPOs
May 15 : SpaceX is targeting a valuation of roughly $1.75 trillion in its upcoming initial public offering, in what could be the biggest-ever stock market debut by a U.S. company on Wall Street.The listing of Elon Musk-led SpaceX could easily dwarf many of the biggest U.S. IPOs on record, including ...
Exclusive-Reliance-Disney launch legal battle against Indian TV rival over Bollywood films
NEW DELHI, May 15 : India's JioStar, the TV and online entertainment venture of Reliance and Walt Disney, has initiated legal measures against rival Zee Entertainment for alleged unauthorised broadcast of Bollywood films it has the rights to, documents show. Billionaire Mukesh Ambani's Jio ...
Keppel signs definitive 25-year agreement with Telstra for Bifrost cable system
The Edge Singapore - Keppel has signed a definitive agreement with Telstra International to lease its Bifrost subsea cable system for 25 years, formalising a term sheet entered in January. Bifrost, spanning over 20,000 km, is the world’s first subsea cable system directly linking Singapore to the west coast of USA via ...
HSBC committed to its private credit investments after report on US$4 billion pause
Regulators worldwide are more concerned about banks’ exposure to the US$3.5 trillion private credit industry
Polish lawmakers adopt crypto regulation amid multi-million dollar fraud probe
WARSAW, May 15 : Polish lawmakers adopted a bill on Friday regulating cryptocurrencies, as a scandal involving the collapse of the country's biggest exchange deepened and amid a row over how much to supervise the growing sector.The bill implements the European Union's Markets in Crypto-Ass ...
