Fermi CEO Neugebauer suspends proxy campaign after judge’s recusal
July 3 : Toby Neugebauer, the co-founder and largest shareholder of energy and data center development company Fermi, said on Friday he has suspended his proxy campaign to call a special meeting after a Texas Business Court judge recused himself shortly before a scheduled hearing, disrupting the tim ...
Fiserv, service station operators including BP warn US stores on illegal vapes
LONDON, July 3 : Payments platform Fiserv and service station operators including BP have warned their U.S. partners and store owners not to deal in illegal vapes or risk heavy fines as a consequence, notices seen by Reuters show.A coalition of state and city law enforcement officials in the U.S. is ...
Tesla rolls out robotaxi service in Miami
July 3 : Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.The expansion highlights Tesla's efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a k ...
Firmer rates, hawkish Fed, banks at new highs
Jovi Ho - The banks have an outsized impact on the Straits Times Index because, by weight, they account for 48% of the STI based on Bloomberg’s calculations. Other calculations put the banks’ weight in the STI at above 50%. The uptrend of the three local banks remains very much in force and, apart from te ...
Boustead healthcare unit acquires majority stake in medtech company via S$6 million equity injection
Elysia Tan - Post-acquisition, UroMedTech will continue to operate under its existing brand
Boustead Singapore acquires majority stake in Singapore urology robotics company for $6 mil
Teo Zheng Long - Boustead Singapore (SGX: F9D ) announced that its healthcare division, Boustead Medical Care Holdings (BMCH), has acquired a 60% stake in UroMedTech Pte Ltd (UroMedTech) through a $6 million equity injection. According to Boustead Singapore, UroMedTech is a Singapore-based medical technology company ...
Cohen & Steers emerges as substantial shareholder of Centurion Accommodation REIT
Teo Zheng Long - Fund manager Cohen & Steers Capital Management has emerged as a substantial shareholder of Centurion Accommodation REIT (CAREIT) (SGX: 8C8U ) . In the filing on July 3, the fund manager has acquired 154,000 units on July 2 at a price of $1.09 per unit. This translates to a total consideration of ...
AI hiring outpaces overall IT recruitment in India, report shows
BENGALURU, July 3 - Hiring for AI roles within India's IT sector outpaced overall recruitment within the industry last month, a survey showed on Friday, indicating a push from companies to reorient themselves in the face of evolving technology.The sector's AI hiring rose 16 per cent year-o ...
HSBC, Standard Chartered weigh significant risk transfers as Asia-linked deals ramp up
Such moves allow banks to manage default risk on loan books, boost solvency ratios, free up regulatory capital
SIA Engineering, Air India ink MOU to explore MRO collaboration opportunities
Chloe Lim - [SINGAPORE] SIA Engineering and Air India on Friday (Jul 3) signed a memorandum of understanding (MOU) to explore opportunities to collaborate in...
Singapore shares close higher amid softer US job growth; STI up 0.5%
Yangzijiang Shipbuilding leads the gainers on the blue-chip index
Trendlines portfolio company NICE Surgical granted US patent for purse-string stapler
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, NICE Surgical Solutions Pte Ltd (NICE Surgical), a clinical-stage medical device company, has been officially granted the US patent for its purse-string stapler. NICE Surgical is based in Singapore and incubated by T ...
Analysis:Argentina's plan for AI-run companies can't avoid humans
BUENOS AIRES, July 3 : Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-human corporations” run by AI, but the companies would actually require human involvement.Milei described in a Financial Times op-ed piece a ...
Global equity fund inflows rise as investors add tech stocks after market dip
July 3 : Inflows into global equity funds rose in the week to July 1, as investors took advantage of a pullback in major markets to add technology stocks, betting that the sector’s earnings momentum would be intact.A net $10.44 billion poured into these funds, about a quarter higher than the prior ...
SIA Engineering and Air India ink MOU to explore MRO collaboration
Teo Zheng Long - SIA Engineering (SIAEC) (SGX: S59 ) announced that it has signed a legally non-binding Memorandum of Understanding (MOU) with Air India to explore collaboration opportunities in maintenance, repair and overhaul (MRO) to support the development of India as a global aviation MRO hub. According to SIAE ...
India investigating Tata data leak that exposed Apple iPhone secrets
NEW DELHI, July 3 : India is investigating a data breach at Tata Electronics that exposed documents linked to Apple's unreleased iPhone 18 Pro, the country's IT secretary said on Thursday in the government's first public comments on the incident.Sensitive lists of components and suppl ...
Lufthansa expects challenging second half of 2026 but sees growth in Asia Pacific
The German airline group tells CNA’s Yasmin Jonkers that geopolitical tensions, higher costs and sustainability pressures will continue, even as demand in the Asia-Pacific region remains strong.
Seatrium moves closer to bringing new floating energy solution to market
Lin Daoyi - Seatrium has transferred its first electron from its Floating Living Lab (FLL) to Singapore’s electricity grid, according to a July 3 announcement. With this milestone, Seatrium moves closer to bringing its floating energy infrastructure solution to the market, expanding its energy solutions again ...
Memory chipmaker Kioxia ships next-gen samples as AI boom fuels dramatic comeback
Its stock price surges more than sevenfold this year, to a market capitalisation of more than US$250 billion
Eneos secures enough crude through September, seeks source diversification
TOKYO, July 3 : Eneos Holdings, Japan's biggest oil refiner, has stabilized its oil procurement and secured sufficient alternative crude supplies through September after the Iran war disrupted Middle Eastern supply, its chief financial officer said. "We have a good outlook for supplies thr ...
Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
TOKYO, July 3 : Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares, ...
Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 billion, Nikkei says
TOKYO, July 3 : Automakers Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 mill ...
Carlsberg confidentially files US$700 million India IPO
The offering, expected to comprise a secondary share sale by the brewer, can take place later this year
The AI trade is losing one of its key signals
An index tracking what users pay for AI tokens is down almost 20% from a high in May
Hong Kong regulator targets IPO book building in new enforcement push
The watchdog finds that insiders are funding orders to artificially inflate public demand, sources say
Exclusive-World's biggest domain seller fears India's fake site crackdown could damage internet
NEW DELHI, July 3 : The world's biggest internet domain seller, GoDaddy, has warned that India's crackdown on fake websites impersonating famous brands will make the internet less safe for legitimate businesses and carry global ramifications.Soaring smartphone and internet use has coincide ...
South Korean conglomerates unveil $195 billion of investment in industrial projects
SEOUL, July 3 : South Korean conglomerates SK Group, Hyundai Motor Group and Hanwha on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country's southeast. The business groups announced the decisions at an event announ ...
Personal data of 70,000 people compromised after cybersecurity involving SLA vendor and its cloud
Shikhar Gupta - [SINGAPORE] The Singapore Land Authority (SLA) has disclosed that a cloud environment managed by IT software giant IBM suffered cybersecurity incident involving...
Personal data of 70,000 people compromised after cybersecurity incident involving SLA vendor IBM
Shikhar Gupta - Names, NRIC numbers and then-property addresses are affected
Oil may slump to US$60 as Hormuz shock from US-Iran war fades: Citi
Among other banks, Goldman Sachs Group has said the global oil market is set to swing back into oversupply
Chip industry urges US to avoid moves that distort memory market
Shortage sparks policy debates beyond buying from blacklisted Chinese memory makers
URA releases carved-out Jurong Lake District site for sale
Ry-Anne Lim - This will kickstart its development as the largest mixed-use business district outside the city centre
TikTok slashes content moderation teams globally; Singapore among markets affected
Benjamin Cher - Decision to cut roles in the city-state is part of move to strengthen the operating model for trust and safety
It's never too late to rethink policies
Felicia Tan - Policies are fixed, people aren’t. The Association of Banks in Singapore (ABS) proved that when they announced, on June 25, that the three Singapore banks — DBS, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) — and Nets have pledged to provide an ATM, branch or cashp ...
