Rakuten satellite project to receive up to $912 million in Japan govt grant
TOKYO, June 30 : The Japanese government will grant up to 148 billion yen ($912 million) to Rakuten Group to help it build a satellite communications network, industry group Communications and Information Network Association of Japan said on Tuesday. Rakuten, an e-commerce, financial and telecommuni ...
Wall St subdued at open on final trading day of strong quarter
[NEW YORK] Wall Street’s main indexes opened flat on Tuesday (Jun 30), the final trading day of a quarter that saw equities...
iWOW seeks to raise $15 mil placing out shares at 22.5 cents each
The Edge Singapore - iWOW Technology plans to raise just over $15 million by placing out 66.67 million new shares at 22.5 cents each, to fund new growth via acquisitions, expansion of facilities and market development. The placement, managed by Zico Capital, will expand the company's share base by a fifth to 344.8 ...
Meta loses bid to dismiss US states’ claims that Facebook, Instagram addict children
A US federal judge rejected Meta Platforms’ bid to dismiss a lawsuit by dozens of US state attorneys general accusing it of...
Jumbo Group unit in JV to bring Chinese quick-service restaurant Lausanjee to Singapore
Elysia Tan - The subsidiary will have a 49% shareholding interest in the joint venture company
EU opens antitrust probe into Align Technology over Invisalign, scanner tying
BRUSSELS, June 30 : The European Commission said on Tuesday that it has opened an antitrust investigation into U.S.-based Align Technology over suspected tying of its iTero intra-oral scanners to Invisalign clear aligners in the European Economic Area.The probe, prompted by a competitor's compl ...
US approach to regulation of AI is problematic, Sixth Street's Chavez says
LONDON, June 30 : The United States' regulation of artificial intelligence is problematic and inconsistent, Martin Chavez, vice chairman at investment firm Sixth Street, told Reuters on Tuesday.Speaking at the Reuters Momentum AI London event, Chavez criticised the current U.S. approach of regu ...
Crypto firms have spent $189 million so far on 2026 US election, report says
June 30 : Cryptocurrency companies have spent $189 million so far to influence the 2026 U.S. midterm elections, outpacing their spending for the previous election cycle, according to a new report from Public Citizen, a consumer advocacy organization. More than one-third of all corporate money contri ...
Meta loses bid to dismiss US states' claims that Facebook, Instagram addict children
June 30 : A federal judge rejected Meta Platforms' bid to dismiss a lawsuit by dozens of U.S. state attorneys general accusing it of designing Facebook and Instagram to be addictive to children and knowingly concealing the harm from the public.In a decision late on Monday night, U.S. District J ...
Joby, Toyota announce joint venture for air taxi production
June 30 : Joby Aviation and Toyota Motor announced a joint venture on Tuesday to produce the air taxi maker's S4 series, as it looks to secure government approval to deploy its commercial electric vertical takeoff and landing aircraft.Air taxi firms such as Joby are competing to secure approval ...
Strong US dollar pushes yen to 40-year low as traders test Japanese authorities
[LONDON/SINGAPORE] The steadily climbing US dollar pushed the yen down to levels not seen since 1986 on Tuesday (Jun 30), heightening expectations...
Lendlease Global Commercial Reit manager appoints existing director Penelope Ransom as board chair
Elysia Tan - CEO Guy Cawthra becomes an executive director
Indonesia's 'nobar economy' scores as World Cup fever boosts businesses
Indonesia is one of the few countries in Southeast Asia where all 104 World Cup matches are available on free-to-air TV.
Bank of England’s Breeden warns AI agents risk triggering market meltdowns
AUTONOMOUS artificial intelligence agents risk causing “market meltdown” and may need tighter regulation, Bank of England Deputy Governor Sarah Breeden warned.
Agentic AI may require regulatory reform, BOE’s Breeden says
LONDON, June 30 : More sophisticated regulatory frameworks may be needed to monitor and contain the risks AI poses to the financial system, one of the Bank of England's deputy governors said on Tuesday.Speaking at the European Central Bank Forum on central banking in Portugal, Sarah Breeden, de ...
Deutsche Bank sells India retail business to Kotak Mahindra
The business with around 1,000 employees comprises around 2.7 billion euros (S$3.98 billion) in loans and serves 150,000 customers
Apptronik launches robot training hub, unveils Apollo 2 humanoid robot
June 30 : Google-backed Apptronik unveiled a new robot training facility on Tuesday, betting that large-scale real-world data collection will accelerate the commercialization of humanoid robots.The Austin-based startup said the facility, developed with Google DeepMind, is designed to move robots fro ...
Singapore office rents climb higher in Q2 as limited CBD supply keeps market tight
Chong Xin Wei - Rents at CBD Grade A buildings have risen for six straight quarters
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
Kalpana Rashiwala - The two-storey shophouses are fully let; tenants include Pet Lovers Centre, a spa, bakery and F&B outlets
US dollar depreciation leaves Apac with slowest wealth growth in 2025: UBS
Tan Nai Lun - Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver
US dollar appreciation leaves Apac with slowest wealth growth in 2025: UBS
Tan Nai Lun - Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver
India's SBI-backed Cashfree Payments bets on cross-border push with travel, investment payments
BENGALURU, June 30 : Indian fintech firm Cashfree Payments plans to deepen its cross-border business with offerings such as overseas investment and travel payments as it seeks to tap rising demand for international transactions, CEO Akash Sinha said on Monday.Cashfree, backed by State Bank of India, ...
Parkway Life Reit sells Japan nursing home for US$7.2 million
Elysia Tan - Amount is about 38% higher than what it paid 18 years ago, and 5% above the latest valuation
Singapore stocks trend lower amid mixed regional showing; STI down 0.7%
Seatrium is the top gainer on the blue-chip index, while CapitaLand Ascendas Reit saw the biggest decline
EGP Energy Corporation lodges preliminary prospectus for mainboard IPO
Ranamita Chakraborty - The electrical infrastructure service provider has not disclosed the size of the offering nor listing date
Parkway Life REIT sells nursing home in Japan for $9.4 mil
The Edge Singapore - Parkway Life REIT has divested a nursing home in Japan for $9.4 million, which is around 38% what it paid for18 years ago and some 5% above the latest valuation. The REIT expects to book a disposal gain of $0.6 million, which will be redeployed for higher growth opportunities. The buyer, K.K. Etoile ...
Analysis:Tokyo keeps powder dry as 'line in the sand' on yen shifts
TOKYO, June 30 : The yen's break through a long-defended 162-per-dollar level to its weakest in four decades has reinforced expectations Japan may tolerate more yen weakness, with 165 increasingly viewed as the next line in the sand for official intervention.Unlike past rounds of dollar selling ...
Asian stocks unable to track Wall St higher, yen holds at 40-year low
HONG KONG: Tech firms bounced back in Asia on Tuesday (Jun 30), tracking a rebound in their counterparts on Wall Street following the hefty selling of the past two weeks, while the yen held around a four-decade low against the dollar.With optimism that the US-Iran crisis will eventually come to an e ...
Europe’s Stoxx 600 on track for biggest quarterly gain in over five years on AI boost
Technology stocks rose 1.7 per cent and were set for their strongest quarterly gain since October 2001
ECB says case for another rate hike not as strong now
But markets still see one more quarter-point move this year
Electrical infrastructure service provider EGP Energy lodges preliminary IPO prospectus for Mainboard listing
Teo Zheng Long - Electrical infrastructure solutions and service provider EGP Energy Corporation Limited has lodged its preliminary initial public offering (IPO) prospectus for a listing on the Mainboard of the Singapore Exchange (SGX). The company is an established key electrical infrastructure solutions and servic ...
China's Meituan says new AI model trained on domestic chips
Meituan says the performance of its new large language model, LongCat-2.0, is comparable to Google's Gemini 3.1 Pro, which was released in February.
Japan’s Nikkei clocks best quarter on record on tech rebound
The broader Topix rose 0.73 per cent to 4,010.88
Japan more upbeat on consumption, exports in June economic report
TOKYO, June 30 : Japan's government struck a cautiously optimistic tone in its June monthly economic report released on Monday, noting positive moves in private consumption and exports while calling for continued vigilance on Middle East risks to its economy.• The Cabinet Office kept its head ...
