Japan asset managers pursue global investor mandates as yen bond demand grows
TOKYO, July 8 : Japanese asset managers, including the units of Mizuho and Nomura, are rushing to launch bond funds to meet soaring interest in Japanese debt as higher interest rates mean attractive yields for the first time in decades.The market is deepening as more Japanese firms issue bonds as a ...
S-Reits poised for rerating despite hawkish Fed backdrop: DBS
Shikhar Gupta - The upcoming results season will likely drive further rerating, says the research house
CEOs can take a leaf out of the playbook of World Cup coaches
Lee Su Shyan - Shareholders seem to have more patience than sports fans
US oil prices jump after US military launches strikes against Iran
TOKYO, July 8 : U.S. oil prices jumped nearly 3 per cent in early trade on Wednesday, extending the previous session's gains, after the U.S. military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering.The strikes against Iran were in response to I ...
SK Hynix US listing said to be multiple times oversubscribed
The ADR offering is expected to price early Thursday afternoon in New York
ExxonMobil signals Q2 profit windfall as higher oil prices boost bottom line
Analysts expect the company to report US$15.7 billion in adjusted earnings for Q2
Oil jumps after settlement as US revokes general license for Iran oil sales
Three tankers were hit in the Strait of Hormuz on Tuesday
European shares slip on Tuesday as global tech retreat weighs
The Stoxx 600 had hit a record high on Monday
US stocks: Nasdaq sinks as AI worries hit chipmakers
The Nasdaq declined 1.16 per cent to 25,818.69 points
US strikes Iran and blocks oil sales in new threats to ceasefire
The spate of attacks is a reminder of the continued risks to ships crossing through Hormuz
Trading Day: A chip on our shoulder: Volatile semis drag US stocks lower, crude jumps
NEW YORK, July 7 : Wall Street stocks followed their European counterparts lower amid a chip-driven tech selloff on Tuesday as a flare-up of Middle East tensions sent crude prices higher.I will go into more detail on today's market moves below. If you have more time to read, here are a few arti ...
SpaceXAI plans to launch new model with Cursor as soon as Wednesday, The Information reports
July 7 : SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, The Information reported, citing a memo sent to staff.The companies had pushed back plans to launch the model earlier this week in order to improve its efficiency, added the report published on T ...
Perplexity says it plans to use Nvidia's new CPU
SAN FRANCISCO, July 7 : AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices.Nvidia has said it expects to generate $20 billion in s ...
Meta expands generative AI tools with Muse Image rollout
July 7 : Meta Platforms said on Tuesday it is rolling out Muse Image, its first image-generation model from Meta Superintelligence Labs, as the Facebook owner expands generative AI tools across its apps.The company said Muse Image, which is integrated into its Meta AI chatbot, can interpret complex ...
US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says
NEW YORK, July 7 : U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.The EIA p ...
Judge approves $46.75 million payout for 23andMe data breach victims
July 7 : A U.S. bankruptcy judge on Tuesday approved a $46.75 million settlement for victims of a 2023 data breach at 23andMe, the genetic testing company.U.S. Bankruptcy Judge Brian Walsh in St. Louis said the settlement was fair and equitable, and in the best interest of a trust overseen by 23andM ...
Dollar edges higher after data as yen holds near 40-year low
NEW YORK, July 7 : The dollar rose modestly on Tuesday following consecutive sessions of slight declines while the yen held near a four-decade low, as investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.The greenback showed a muted reaction ...
Dollar higher after data as yen holds near 40-year low
NEW YORK, July 7 : The dollar advanced on Tuesday, following two straight sessions of slight declines, while the yen held near a four-decade low, as investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.The greenback showed little reaction to ...
AI startup CEO pleaded guilty in US to trading on insider tips from lawyers
BOSTON, July 7 : The founder and chief executive of an AI startup secretly pleaded guilty last year to participating in a vast scheme in which attorneys at major law firms tipped traders about mergers their employers were advising on.Court records unsealed on Monday show that Arya Bolurfrushan, a fo ...
Amazon seeks to raise at least US$25 billion from bond sale
The company is selling the debt in as many as eight tranches, ranging from three to 40 years
Gold falls as traders weigh Fed rate path and Hormuz attacks
Bullion falls as much as 1.2% to below US$4,120 an ounce
Nasdaq falls at open as DeepSeek's AI chip push rattles markets
[NEW YORK] The Nasdaq opened lower on Tuesday (Jul 7) amid declining chip stocks, with investors questioning the momentum of the AI-led...
ESR-Reit proposes to buy 5 logistics assets in Australia for US$192.4 million
Tan Nai Lun - The acquisition is expected to be 4.3% DPU accretive
ESR-REIT to acquire five freehold logistics properties in Melbourne for A$276.8 mil
Felicia Tan - ESR-REIT has proposed to acquire five institutional-grade freehold logistics properties in Melbourne, Australia, for a net purchase consideration of A$276.8 million ($247.9 million). The sum represents a 1.9% discount to the properties’ market valuation while the proposed acquisition are expected ...
Amazon aims to raise $25 billion from bond sale
July 7 : Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company's latest push to fund its hefty AI investments.Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Te ...
Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, Bloomberg News reported on Tuesday, in the company's latest push to fund its hefty AI investments. The size of the offering could increase depending on investor demand, the report said, citing people f ...
Amazon aims to raise $25 billion from bond sale, source says
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, a source familiar with the matter told Reuters on Tuesday, in the company's latest push to fund its hefty AI investments. Tech companies have been tapping debt markets and launching equity sales to fun ...
China’s DeepSeek developing its own AI chip: sources
The startup has increased hiring of chip-design engineers in recent months
Yen pinned near 40-year low with investors wary of intervention
[SINGAPORE/LONDON] The yen hovered near a four-decade low on Tuesday (Jul 7), leaving traders wary of possible intervention by Japanese authorities to...
Beng Kuang’s subsidiary secured total of $85.2 mil in new contracts for 1HFY2026
Lin Daoyi - Beng Kuang Marine reported that its subsidiary, Asian Sealand Offshore & Marine (ASOM) secured contracts totalling $85.2 million for 1HFY2026 ended June 30. In a bourse filing on July 7, Beng Kuang notes that ASOM signed approximately $27.6 million in the first quarter and about $57.6 million in ...
Onsemi to sell two chipmaking plants to cut costs
July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:• Ons
Foundation Healthcare IPO 3.8 times subscribed
Tan Nai Lun - The Singapore offering is 9.4 times subscribed, with 3,805 valid applications for 87 million shares
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand
July 7 : BlackRock said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will t ...
China's DeepSeek developing its own AI chip, sources say
If successful, DeepSeek's expansion into semiconductor development would mark a major strategic shift for a company widely hailed in China as the country's AI champion, potentially adding to challenges faced by Chinese tech giant Huawei.
