Senator Cruz questions private investment firm plan to acquire T-Mobile wireless spectrum
WASHINGTON, June 15 : The chair of the Senate Commerce Committee on Monday questioned a plan from private investment firm Grain Management to acquire key wireless spectrum from T-Mobile but potentially delay its use for years.Last year, T-Mobile agreed to sell its portfolio of 800 MHz licenses to pr ...
Nvidia to raise $25 billion, sources say, in first corporate bond sale in five years
June 15 : Nvidia will raise $25 billion through a U.S. bond issuance, more than initially planned, two sources told Reuters on Monday, as it taps the debt market to increase liquidity. Investor demand for the bond sale hit $85 billion, one of the sources familiar with the matter said, declining to b ...
Florida sues TikTok, claiming it violates state child safety law
June 15 : Florida's attorney general sued TikTok on Monday over claims it is violating the state's law barring social media platforms from allowing children under age 14 to create accounts.In the lawsuit, filed in state court in St. Lucie County, Florida Attorney General James Uthmeier, a ...
SpaceX set to extend rally after record Wall Street debut
June 15 : Shares of SpaceX rose more than 6 per cent in early trading on Monday, adding to gains after a blockbuster debut last week that pushed the company's valuation past $2 trillion and cemented its position among the world's most valuable companies.CEO Elon Musk said on Sunday that Sp ...
US judge dismisses Musk's xAI trade secret lawsuit against OpenAI
June 15 : A federal judge on Monday dismissed a lawsuit by Elon Musk's artificial intelligence company xAI that accused rival Sam Altman's OpenAI of stealing trade secrets for chatbots.U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI seni ...
OpenAI wins dismissal of trade secret lawsuit by Musk's xAI
June 15 : A federal judge on Monday dismissed a lawsuit by Elon Musk's artificial intelligence company xAI that accused rival Sam Altman's OpenAI of stealing its trade secrets.U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI engineer Xuec ...
Microsoft sued by shareholders over expenses, cloud business, AI
June 15 : Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.The proposed class action led by a Michigan pens ...
Anthropic to meet with US officials over export curbs
WASHINGTON, June 15 : Senior Anthropic technical staff are scheduled to meet with officials at the Department of Commerce in Washington on Monday, a Trump administration official said, after the U.S. government ordered the AI firm late last week to suspend access to its top-tier models for foreign n ...
Anthropic and US officials meeting Monday to resolve dispute over export curbs, administration official says
WASHINGTON, June 15 : Senior Anthropic technical staff are scheduled to meet with government officials at the U.S. Department of Commerce in Washington on Monday, an official in the Trump administration said, after the U.S. government ordered the AI firm late last week to suspend access to its top-t ...
AI-referred US shoppers browse longer, spend more per visit, data shows
NEW YORK, June 15 : U.S. shoppers who use large language models, including Google's Gemini or OpenAI's ChatGPT, for purchase recommendations are lingering more on retailers' websites and are more likely to spend, according to May data from Adobe Analytics.Consumers who are referred to ...
US stocks: Dow hits record high on Iran deal optimism, lower oil prices
WALL Street’s main indexes rose on Monday (Jun 15), with the Dow touching an intraday high after the United States and Iran...
Nvidia looks to raise at least US$20 billion from bond offering
It is part of a relentless wave of borrowing for companies spearheading the artificial intelligence boom
SpaceX IPO haul rises to $85.7 billion after underwriters exercise greenshoe
June 15 : SpaceX said on Monday that its underwriters had exercised the "greenshoe" option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7 billion from $75 billion that it raised last week.Elon Musk's rocket, AI and internet congl ...
SpaceX IPO raises $85.7 billion as underwriters exercise 'greenshoe’ option
June 15 : SpaceX has raised $85.7 billion in its U.S. initial public offering after underwriters exercised the "greenshoe" option, the rocket, AI and internet company founded by Elon Musk said on Monday.Shares of SpaceX jumped 19 per cent in their Nasdaq debut on Friday, lifting the compan ...
Wall Street stocks rise on US-Iran accord
While the US and Iran have characterised key elements of their agreement differently, the announcement has prompted a retreat in oil prices.
Apple supplier Jabil, Adani partner to build AI data center infra platform in India
June 15 : Electronics manufacturer Jabil and India's Adani Enterprises on Monday announced a partnership to build an integrated AI and data center infrastructure manufacturing platform in the country.• The platform will serve the infrastructure needs of global hyperscalers, co-location facili ...
India's HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 : India's HCLTech said on Monday it will acquire a 10.5 per cent stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm's Series B round as a strategic investor.Sarvam was valued at $1.5 billion in the round, which rais ...
US Supreme Court rejects Tata challenge to $168 million award in trade secrets case
WASHINGTON, June 15 : The U.S. Supreme Court turned away on Monday a bid by India-based Tata Consultancy Services to overturn a $168 million award won against it by DXC Technology for allegedly stealing trade secrets related to life-insurance software.Tata had appealed after a lower court upheld a j ...
Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
The US and Iran will sign a memorandum of understanding in Switzerland on Friday
Salesforce deepens AI automation push with $3.6 billion Fin buyout
June 15 : Salesforce on Monday said it will buy autonomous AI agent platform Fin for about $3.6 billion, bolstering its Agentforce offering as the business software provider deepens its focus on automation.The acquisition marks Salesforce's latest bet to accelerate its AI transition amid a wide ...
Salesforce to buy AI agent platform Fin for about $3.6 billion
June 15 : Salesforce said on Monday it had signed an agreement to buy autonomous AI agent platform Fin for about $3.6 billion.The deal strengthens Salesforce's Agentforce platform, as technology firms compete to roll out usage-based autonomous digital workers across enterprises.Following comple ...
BlackRock said to be in exclusive due diligence for Capri by Fraser China Square
Kalpana Rashiwala - The price is expected to be about S$330 million; the hotel is on a long lease with a balance of about 69.5...
Allianz’s reported HSBC Life bid reflects race for scale in Singapore’s competitive life insurance sector
Ranamita Chakraborty - HSBC has reportedly shortlisted Allianz, Sumitomo Life Insurance and Dai-ichi Life Holdings as bidders for the Singapore insurance unit
ASX admits to misleading on CHESS software upgrade, agrees to $14.5 million penalty
June 15 : Australia's ASX admitted to making misleading statements regarding the progress of a troubled software upgrade on Monday, while agreeing to pay a penalty of A$20.5 million ($14.50 million), subject to the Federal Court's approval.The Australian Securities & Investments Commis ...
Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15 : Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally.Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about 44 per cent to their last close on June 8. Payoneer h ...
Retail investors face tighter limits than funds in SpaceX IPO flipping
Underwriters and brokerage platforms impose market restrictions on flipping because it can destabilise the stock
Fox to buy Roku in $22 billion deal to accelerate shift to digital
June 15 : Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that pairing its sports and news programming with a top TV streaming platform will strengthen its position as audiences shift online.The deal, announced on Monday, gives the cable TV-reliant Fox direct ac ...
Fox to buy Roku in $22 billion deal
June 15 : Fox signed an agreement to acquire Roku in a deal valued at about $22 billion, the companies said. Roku is one of the first companies to bring streaming platforms like Netflix and YouTube to television through connected devices and smart TVs.Its business is largely driven by advertising an ...
Fox strikes $22 billion deal for Roku to fuel streaming push
June 15 : Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that pairing its sports and news programming with a top TV streaming platform will strengthen its position as audiences shift online.The deal, announced on Monday, gives Fox access to the more than 100 mi ...
Singapore stocks continue rally; STI up 1%
Jardine Matheson and Yangzijiang Shipbuilding lead the gainers on the blue-chip index, both rising 4.3%
China sets sights on heavy truck electrification in blow to diesel demand
The country could move toward electric trucks at an even faster pace than targets indicate
AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom
VIENNA, June 15 : Austrian circuit board manufacturer AT&S has announced it is investing up to €2 billion ($2.3 billion) in Malaysia to capitalise on the AI boom, sending its shares soaring nearly 30 per cent."We will fully expand our site in Kulim," the company's CEO Michael Me ...
Energy shares fall as Iran deal lowers Hormuz disruption risk
June 15 : U.S. energy shares fell in premarket trading on Monday as crude prices tumbled after Washington and Tehran reached an initial deal that could end the months-long conflict and reopen the vital Strait of Hormuz.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Frida ...
US energy shares slump as Iran deal lowers Hormuz supply disruption risk
June 15 : U.S. energy shares fell on Monday as crude prices dropped after Washington and Tehran agreed terms to end their months-long conflict and reopen the Strait of Hormuz, a vital oil transit chokepoint.The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said t ...
