Trump hosts crypto contest winners at Mar-a-Lago as his coin languishes
NEW YORK, April 25 : U.S. President Donald Trump is set to host winners of his second annual meme coin contest at his Mar-a-Lago club in Palm Beach, Florida, on Saturday, offering top buyers of his $TRUMP cryptocurrency an audience with him even as the token's value has plunged 96 per cent from ...
OpenAI chief apologizes for not reporting shooting suspect to police
April 25 : OpenAI Chief Sam Altman apologized to the Canadian community of Tumbler Ridge for failing to alert police about a banned account linked to Jesse Van Rootselaar, who police say killed eight people in a school in February before taking her own life.• In a letter dated April 23, Altman sai ...
US State Department orders global warning about alleged AI thefts by DeepSeek, other Chinese firms
The White House accusations and the cable come just weeks before US President Donald Trump is set to visit Chinese President Xi...
India’s central bank cancels Paytm Payments Bank licence
After the cancellation, One 97 will no longer be able to hold any deposit-taking businesses
Ricky Sandler shuttering Eminence Capital after 27-year run
The closing of the firm comes at an inflection point for the hedge fund industry
Palm oil posts first weekly gain in three weeks
JAKARTA, April 24 : Malaysian palm oil futures rose on Friday and posted their first weekly gain in three weeks, as higher crude oil and a weaker ringgit lend support.Softer rival edible oils on the Dalian exchange on Friday, however, capped the session's gains. The benchmark palm oil contract ...
US imposes sanctions on Chinese ‘teapot’ refinery for buying Iranian oil
China buys more than 80% of Iran’s shipped oil, 2025 data from analytics firm Kpler shows
Ford denies reported talks with Geely to bring China tech to US
Trump administration officials appear reluctant to remove current barriers to Chinese cars
Stellantis to make Peugeot cars in China with partner Dongfeng
The brand is still trying to recover from quality issues that tarnished its image in Europe
US considers using Defense Production Act in Spirit Airlines restructuring: source
The Florida-based budget carrier is running short on time
Google to invest up to US$40 billion in AI rival Anthropic
The investment comes just days after e-commerce giant Amazon says that it will invest up to US$25 billion in the startup
Banks pour billions into AI, but most see no ROI. Here’s why
Some banks are applying AI within their private banking units and making revenue gains
US government stake in Intel has jumped 300% to US$36 billion
Taxpayers own more than 270 million shares directly
AI chip surge elevates Taiwan, South Korea in global equity rankings
The tech-heavy Asian markets have shot past Germany and France in the past seven months
US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
The Treasury Department targeted Hengli Petrochemical (Dalian) Refinery, which it said is one of Iran's largest customers of crude oil and petroleum products.
Iran’s foreign minister arrives in Pakistan, Trump expects offer satisfying US demands
The tour will include consultations on the latest efforts to end the war
Trump extends waiver allowing foreign ships to move goods between US ports
The US president can waive the law if it is necessary for national defence
Oil prices end volatile session mixed but up sharply for the week on supply worries
Navigation through the Strait of Hormuz remains effectively blocked
The purpose of listing: build or bail?
Tong Kooi Ong + Asia Analytica - In the main article, we discussed why most initial public offerings (IPOs) on Bursa Malaysia perform poorly after listing — primarily because of flawed IPO valuation methodologies. A company’s value is the sum of its future cash flows (DCF), taking into account growth and discounted for risks. W ...
IPOs on Bursa: Priced to sell, not to perform
Tong Kooi Ong + Asia Analytica - It is no big revelation that initial public offerings (IPOs) on Bursa Malaysia have performed poorly. Yes, a select few have done very well post-listing, but the majority have lagged the FBM KLCI. Chart 1 shows the median (that means more than half) share price performance of IPOs listed between 202 ...
Related Digital secures financing for $16 billion Oracle data center in Michigan
April 24 : Data center developer Related Digital said on Friday it has secured financing for a $16 billion data center campus it is building in Michigan for Oracle.The financing includes equity from Related Digital and funds affiliated with Blackstone, and fixed-rate, long term debt financing anchor ...
US judge dismisses Musk's fraud claims in OpenAI case at his request, plans to proceed to trial
April 24 : A U.S. judge on Friday dismissed Elon Musk's fraud claims in his lawsuit accusing OpenAI and co-founder Sam Altman of betraying OpenAI's original mission, but plans to proceed to trial on Musk's breach of charitable trust and unjust enrichment claims.The ruling was issued b ...
S&P 500, Nasdaq close at records on tech lift, Iran peace talk hopes
The Dow has snapped a three-week run higher
European stocks fall as investors await word of Iran peace talks
US shares have also been supported by artificial intelligence-driven earnings momentum in technology stocks
Toyota supplier Denso to withdraw bid for Rohm, Nikkei says
TOKYO, April 25 : Japanese auto parts giant Denso will withdraw its offer to acquire Rohm after it failed to win the chipmaker's support for the tie-up, the Nikkei reported on Saturday. A Denso spokesperson said the business daily's story was not based on something the company has announce ...
Toyota supplier Denso to withdraw proposal to buy chipmaker Rohm, Nikkei says
TOKYO, April 25 : Japanese auto parts giant Denso will withdraw its offer to acquire Rohm after it failed to win the chipmaker's support for the tie-up, the Nikkei business daily said on Saturday. Toyota supplier Denso had made the bid last month in a move that would have expended its control o ...
S&P 500, Nasdaq end at records as Intel shares surge
NEW YORK: Major Wall Street indices closed at fresh records as markets cheered the latest batch of earnings reports and US and Iranian officials headed to Pakistan for expected peace talks
Brazil blocks prediction platforms, tightens rules to curb 'bet-like' products
BRASILIA, April 24 : Brazil has blocked prediction market platforms and tightened derivatives rules to curb "bet-like" products, Finance Minister Dario Durigan said on Friday, arguing such markets breach betting regulations approved by Congress.Speaking at a press conference, Durigan said ...
UI Boustead REIT launches maiden investment in UIB Konan Phase 3 development project
Teo Zheng Long - UI Boustead REIT (SGX: UIBU ) announced that it has entered into various agreements to co-invest in the development of UIB Konan Phase 3, which comprises of two logistics facilities in Konan City, Shiga Prefecture, Japan. Upon completion of the development, it will be managed by UI Japan, a wholly-o ...
US Justice Department intervenes in xAI challenge to Colorado tech law
April 24 : The U.S. Justice Department said on Friday it intervened in a lawsuit by xAI challenging Colorado's 'algorithmic discrimination' law.
Google to invest up to $40 billion in AI rival Anthropic
April 24 : Google-parent Alphabet will invest up to $40 billion in Anthropic, as the tech giant deepens its partnership with the artificial intelligence startup that is also its rival in the global AI race. Anthropic said on Friday that Google has committed $10 billion now in cash at a valuation of ...
Google plans to invest up to $40 billion in Anthropic, Bloomberg News reports
April 24 : Google-parent Alphabet will invest $10 billion in AI startup Anthropic, with another $30 billion potentially to follow, Bloomberg News reported on Friday.Google is committing $10 billion now in cash at a $350 billion valuation and will invest a further $30 billion if Anthropic meets perfo ...
Boustead Projects secures construction contract from public sector client exceeding $400 mil
Teo Zheng Long - Boustead Projects E&C, Boustead Singapore’s (SGX: F9D ) engineering and construction business under its real estate solutions division, has been awarded a contract involving the construction of an office complex in Singapore for a public sector client. This latest contact, valued at over $400 ...
German prosecutors investigate phishing attack targeting politicians
BERLIN, April 24 : German federal prosecutors are investigating phishing attacks made via messaging apps, they said on Friday, after the country's main intelligence service warned of a campaign targeting high-profile politicians, diplomats, military officers and journalists.A spokesperson said ...
