High fuel costs to trigger airline failures and consolidation, industry chief says
Airlines are also expected to protect margins by cutting unprofitable routes, while fares, which have surged since the outbreak of the Iran war, are unlikely to come down soon, Walsh said.
US budget carrier Breeze Airways sets sights on 2027 IPO
Breeze Airrways Chief Executive David Neeleman, who has worked in the airline industry through some of its most turbulent periods, including the Sep 11, 2001, attacks in the US and the pandemic, had a cautiously optimistic tone when asked about the state of the aviation business.
Indonesian officials vow again to steady rupiah, draw funds
Global investors are rapidly losing confidence in Indonesia, unnerved by the more interventionist agenda
Boeing studying boost of 737 Max plane production to highest-ever rate
Turning out more jets is critical to its financial recovery after losing more than US$30 billion recently
Mermaid Maritime enters JV to reactivate vessel
Lin Daoyi - Offshore services provider Mermaid Maritime's subsidiary Mermaid Subsea Services has entered into a JV with DS Global Offshore Engineering Singapore for the “strategic” reactivation and commercial development of the company’s existing offshore support vessel (OSV) Mermaid Commander. A bou ...
Aspial Lifestyle chairman acquires more shares in open market
Lin Daoyi - In a bourse filing on June 5, Koh Wee Seng, chairman of pawnbroking and jewellery retailer Aspial Lifestyle acquired 800,000 shares in the company at an average of around 39.4 cents per share. Koh is also the CEO of Aspial Corporation, the parent company of Aspial Lifestyle. After the transaction, K ...
Indonesia central bank, finance minister agree to boost asset yields to aid rupiah
JAKARTA, June 6 : Indonesia's central bank chief and finance minister on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record lows in the past few weeks.Bank Indonesia and the finance ministry "will incre ...
Tech sell-off, Bitcoin drop test retail investor strength ahead of SpaceX IPO
[NEW YORK] For years, Wall Street has benefited from one of the most reliable forces in modern markets: a retail-trader army willing...
Japan spent billions to prop up the yen. Why is it still weak?
The US-Israel war with Iran has added fresh pressure on the yen
UMS plans to set up JV in Vietnam to complement existing facilities in Singapore and Malaysia
The Edge Singapore - UMS Integration has signed a MOU to set up a new joint venture in Vietnam in precision engineering to capture growth in the semiconductor market. The JV parties are the founding shareholders of three Vietnam based precision engineering and metal plating companies - Viet Nguyen Mechanical Precision C ...
Oil prices fall on mounting hopes for de-escalation in US-Iran War
Iranian oil exports have fallen to their lowest level in six years mainly due to the US naval blockade
Europe: Shares slip as tech rally stalls, Middle East uncertainty weighs
Technology stocks are among the top sectoral decliners with a 2.9% drop
Why China built capability and Japan preserved wealth
Tong Kooi Ong + Asia Analytica - In “The political economy of modern capitalism” (The Edge, June 1, 2026), I argued that modern economic systems are ultimately shaped less by ideology than by the incentives embedded within them — incentives that determine how savings are allocated, how firms compete and whether capital compou ...
The washing machine that explains China
Tong Kooi Ong + Asia Analytica - The simple washing machine is one real-world illustration of the thesis in “The political economy of modern capitalism” (The Edge, June 1, 2026). A 10kg Bosch washing machine in Malaysia can cost anywhere from around RM3,800 ($1,219) to RM7,000, depending on whether it is manufactured in China, ...
The ride-hailing company that explains modern capitalism
Tong Kooi Ong + Asia Analytica - Another way to understand the thesis in “The political economy of modern capitalism” (The Edge, June 1, 2026) is to translate the discussion from the macroeconomy to the microeconomy — from nations to firms. Consider Uber in the US and DiDi in China. The US enjoys significantly higher per capi ...
America may monetise AI, China may industrialise it
Tong Kooi Ong + Asia Analytica - The artificial intelligence (AI) race may not be decided solely by who invents intelligence first, but who deploys it across the physical economy at scale. Following our article “The political economy of modern capitalism” last week, we were asked numerous questions. And we ourselves also had mo ...
US: Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
Rising interest rates and the Iran war weigh on sentiment heading into the weekend
Seeking a job in finance? Internships are crucial for fresh grads, say observers
Meera Pathmanathan - They help undergraduates build real-world experience, problem-solving and adaptability skills
Netflix names longtime director Jay Hoag as chairman, succeeding Reed Hastings
June 5 : Netflix appointed lead independent director Jay Hoag as chairman of its board, succeeding Reed Hastings, who stepped down from the board of the streaming service he co-founded nearly three decades ago. Here are some details on the move:• The streaming platform announced the move in an SEC ...
Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test
June 5 : Marvell Technology is set to join the benchmark S&P 500 later this month, S&P Dow Jones Indices said on Friday, after the chipmaker cleared a key profitability hurdle riding an AI-fueled rally.The company will replace swimming pool equipment distributor PoolCorp on the benchmark ind ...
ITG reveals revenue rise in US IPO filing as listings market heat up
June 5 : Digital infrastructure services startup ITG reported a rise in quarterly and annual revenue in its filing to go public in the U.S. on Friday, as a host of companies line up to tap the public markets. A rebound in activity in the U.S. initial public offering market has made boardrooms eager ...
US says it will speed development and use of AI for national security
WASHINGTON, June 5 : The White House said on Friday it would accelerate the development and use of AI for national security applications, while stressing that the technology should not be used to carry out unlawful surveillance.The Trump administration said earlier this week that it would ask leadin ...
Chip selloff erases over $1 trillion in stock market value
June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street.The PHLX chip index slumpe ...
SpaceX IPO running at two times oversubscribed, sources say
NEW YORK, June 5 : - SpaceX has drawn investor demand that is about double the $75 billion it is seeking to raise next week in its IPO, or $150 billion, said two people familiar with the matter on Friday. An oversubscription rate of two times would be considered modest for most highly anticipated ma ...
SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO
June 5 : SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet's Google, locking in computing capacity as it prepares for its highly anticipated U.S. stock market debut next week.As part of the deal, Google will pay SpaceX $920 million monthly from Octobe ...
SpaceX signs cloud deal with Google
June 5 : SpaceX said on Friday it has entered into a multi-year cloud service agreement with Alphabet's Google for access to compute capacity.As part of the deal, Google will pay SpaceX $920 million per month from October this year to June 2029, with capacity ramping up through September at a r ...
Trump says his team will "look into" US taking stake in AI companies
WASHINGTON, June 5 : U.S. President Donald Trump on Friday told reporters that his team is looking into the idea of AI companies giving the American public a stake in their firms, adding that he planned to host a meeting with AI executives as soon as next week. "There's something very inte ...
Meta weighs big equity raising to finance AI infrastructure, FT reports
June 5 : Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company's AI ambitions, the Financial Times reported on Friday.The report comes after Alphabet moved to raise $84.75 billion in upsized equity offerings, as Big Te ...
Texas grid flags risks as data centers, crypto sites fail voltage tests
June 5 : Several large data centers and crypto facilities planning to connect to the Texas power grid ahead of peak summer demand have failed key reliability tests, raising the risk of power outages just as electricity use hits its seasonal high, according to the state grid operator.The rapid expans ...
Explainer-Why SpaceX faces a longer wait to join S&P 500
June 5 : SpaceX's entry into the S&P 500 will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs, delaying billions in passive fund inflows from the potential inclusion.The decision keeps several barriers intact. To join the S&P 500, a company must trad ...
Analysis:Global oil inventories depleted, next price spike could roil economies, markets
HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader fina ...
Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs
LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency. Its price has tumbled around 15 per cent ...
Greece to tax gains from crypto, sources say
ATHENS, June 5 - Greece is preparing legislation to impose a 15 per cent capital gains tax on cryptocurrencies, two government officials with knowledge of the issue told Reuters on Friday.Greece doesn't have a comprehensive legal framework for taxing cryptocurrencies, and European Union countri ...
LinkedIn co-founder Reid Hoffman to step down from Microsoft's board
June 5 : Reid Hoffman, billionaire co-founder of networking website LinkedIn, has decided not to stand for re-election to Microsoft's board of directors at its 2026 annual shareholder meeting, the software giant said in a filing on Friday. Hoffman, who has served on the board since 2017, will s ...
