BlackRock weighs multibillion-dollar investment in SpaceX IPO, the Information reports
May 16 : BlackRock has discussed investing $5 billion to $10 billion in SpaceX's initial public offering next month, the Information news outlet reported on Saturday, citing people familiar with the matter.Reuters could not immediately verify the report.
OpenAI seals deal in Malta to give all Maltese access to ChatGPT Plus
May 16 : U.S. artificial intelligence company OpenAI said on Saturday it had signed a deal with the government of Malta to give all residents access to its ChatGPT Plus service for one year after they follow a course on how to use AI.• The programme will start in May and is expected to scale up as ...
BOJ's Himino calls for 'holistic approach' on global monetary system
TOKYO, May 16 : Bank of Japan Deputy Governor Ryozo Himino on Saturday called for a "holistic approach" in designing the global future monetary system that does not confine options to central bank digital currencies and stablecoins.The U.S. prohibits the issuance of CBDCs and promotes stab ...
Bill Ackman says Alphabet stake sale not a bet against the company
May 16 : Billionaire investor Bill Ackman said on Saturday that the sale of Google parent Alphabet's shares was not a bet against the company.Ackman on Friday said his firm Pershing Square had built a new position in tech giant Microsoft after its stock price dropped recently, and sold his long ...
Starbucks to open first corporate office in India for tech jobs
The company has cut more than 2,000 jobs since February of last year
Arm Holdings to face US antitrust probe over chip tech
The FTC investigation is the latest escalation in a global fight between the companies
SpaceX holders sign off on 5-for-1 stock split ahead of IPO
The electric-car maker split its shares in August 2022 and two years earlier
VinFast seeks to shed most debt with Vietnam factory spinoffs
The company will separate its manufacturing operations into a standalone company
Consumers sue Amazon for not refunding Trump tariff costs
The lawsuit asserts claims of unjust enrichment and violation of Washington state’s consumer-protection law
SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq: sources
The company’s debut comes at a pivotal moment for the IPO market
Global bonds battered as flaring inflation spooks investors
Rising Treasury yields have a broad impact on other assets around the globe
Fed names Powell chair pro tempore until Warsh sworn in
The incoming Fed chief has pledged to divest sizeable financial assets before taking office
YouTube, Snap and TikTok settle school district's social media addiction claims
May 15 : Alphabet's YouTube, Snap and TikTok have reached settlements in the first case set for trial in litigation seeking to force social media platforms to cover the costs school districts incur to combat a youth mental health crisis they say the companies fueled. The settlements were detail ...
YouTube, Snap settle school district's social media addiction claims
May 15 : Alphabet's YouTube and Snap have reached settlements in the first case set for trial in litigation seeking to force social media platforms to cover the costs school districts incur to combat a youth mental health crisis they say the companies fueled. The settlements were detailed in co ...
Trump says he is losing patience with Iran, did not ask China for favours
Teheran has said that it would not unblock the strait until the US ended its blockade
Oil prices climb more than 3% on fears of new US-Iran combat
About a fifth of the world’s oil and liquefied natural gas normally passes through the strait
Stoxx 600 logs weekly losses on Iran war-linked inflation woes
Semiconductor firms have paused their recent rally
Ackman, Loeb take different routes on tech bets in early 2026
NEW YORK, May 15 : Two of Wall Street's most closely watched billionaire stock pickers, both once voluble activist investors, took opposite tacks this year when Bill Ackman bet on Microsoft and exited Google parent Alphabet and Daniel Loeb did the opposite. Ackman said on X his firm Pershing Sq ...
Vietnam will be the next Asian Tiger
Tong Kooi Ong + Asia Analytica - The moniker “Asian Tiger” was first coined in the late-1970s, referring to four countries — Hong Kong, Singapore, South Korea and Taiwan — whose economies underwent very rapid industrialisation to achieve developed, high-income nation status within a single generation (between the 1960s and ...
‘A Fed chair with a spine’: A look back at Jerome Powell’s tenure as US central bank chief
Koh Kim Xuan - He helped the US economy navigate one of the most tumultuous periods of its history
Beyond corporate life: Why some Singaporeans choose portfolio careers
Therese Soh - More professionals are eschewing working for a single employer; firms are increasingly relying on freelancers too
Wall Street ends lower on mounting inflation worries
Despite the sell-off, the S&P 500 has logged its seventh straight weekly gain
Arm Holdings to face US antitrust probe over chip tech, Bloomberg News reports
May 15 : Arm Holdings is facing an antitrust probe by the U.S. Federal Trade Commission over the British chip designer's licensing of its semiconductor technology, part of ongoing global scrutiny of the business, Bloomberg News reported on Friday.The FTC is investigating whether Arm is trying t ...
Ares Management bulks up on credit funds in first quarter of 2026
PROVIDENCE, Rhode Island, May 15 : Private credit pioneer Ares Management disclosed a wide array of new or increased stakes in alternative asset vehicles including several direct lending funds in its quarterly 13-F filing with the U.S. Securities and Exchange Commission on Friday.Ares, an alternativ ...
Exclusive-SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq, sources say
NEW YORK, May 15 : Elon Musk's rocket and satellite maker SpaceX is planning to price its blockbuster initial public offering as early as June 11 and has picked Nasdaq as its listing venue, people familiar with the matter told Reuters on Friday.SpaceX, which is set to trade under the ticker � ...
Exclusive-SpaceX accelerates IPO timeline, targets June 11 pricing on Nasdaq
NEW YORK, May 15 : Elon Musk's rocket and satellite maker SpaceX is planning to price its blockbuster initial public offering as early as June 11 and has picked Nasdaq as its listing venue, people familiar with the matter told Reuters on Friday. SpaceX has accelerated its IPO timeline and is no ...
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 ...
Institutional investors flocked to establish new stakes in semiconductor firms in first quarter
PROVIDENCE, Rhode Island, May 15 : Institutional investors took new positions in semiconductor stocks ranging from Intel to Micron during the first quarter of the year, positioning them to profit from a red-hot rally that extended into the second quarter, according to a Reuters overview of filings f ...
Dollar climbs for fifth straight day as Treasury yields surge
NEW YORK, May 15 : The dollar strengthened for a fifth straight day on Friday and was set for its largest weekly percentage rise in two months, as market expectations for the Federal Reserve's monetary policy path tilt further toward possible rate hikes.The dollar's advance comes as U.S. T ...
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 ...
