US stocks: S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins US$1 trillion club
[NEW YORK] The S&P 500 and Nasdaq hit record closing highs on Tuesday (May 26), as artificial intelligence-fueled optimism offset anxiety over...
Japan's corporate service prices rise 3% in April
TOKYO, May 27 : A key gauge of Japan's service-sector inflation rose 3.0 per cent in April from a year earlier, data showed on Wednesday, reinforcing the central bank's view that a tight labour market is pushing firms to pass rising costs on to consumers.The Bank of Japan has stressed the ...
European equities slip as US strikes on Iran cloud peace prospects
EUROPEAN shares slipped on Tuesday (May 26) as doubts over the prospects of a deal to end the conflict with Iran weighed...
Brent crude jumps 4%, as US strikes in Iran set back hopes for Hormuz re-opening
[NEW YORK] Brent crude futures climbed about 4 per cent on Tuesday (May 26) after the US military carried out strikes in...
Apple, Google push for judicial oversight in Canada online safety bill
SAN FRANCISCO, May 26 : Apple and Alphabet's Google on Tuesday pushed to amend an online safety bill working its way through Canada's parliament to add judicial oversight to what the firms described as a potential for secret orders to break the encryption of their software and devices.Bill ...
Asia insurers increasing infrastructure debt exposure as capital rules shift: Schroders
Benjamin Cher - The asset class offers access to sectors that institutional investors might not otherwise have
NASA picks Blue Origin, other space firms for moon missions
May 26 : NASA awarded contracts to space firms including Jeff Bezos' Blue Origin and Astrolab to send robotic landers, rovers and drones to support the upcoming lunar exploration missions.The U.S. space agency said on Tuesday it had awarded Astrolab $219 million and Lunar Outpost $220 million t ...
IREN to buy Blackwell systems from Dell for about $1.6 billion
May 26 : Data center operator IREN said on Tuesday it has agreed to buy Nvidia's air-cooled Blackwell systems from Dell for about $1.6 billion, as it aims to bring more capacity online to keep up with soaring AI demand.The deal is to service its previously announced five-year $3.4 billion cloud ...
Commentary: AP x Swatch Royal Pop collection turned a right partnership into chaos
The chaotic launch of the “Royal Pop” pocket watch collection shows the fine line between buzz and backlash, says National University of Singapore’s Samer Elhajjar.
SpaceX set for fast entry into US, global indexes under new FTSE rules
May 26 : Elon Musk's SpaceX is eligible for inclusion in both the Russell U.S. Equity Indexes and FTSE Global Equity Index Series under newly announced fast-entry rules, according to index provider FTSE Russell.FTSE Russell, a London Stock Exchange Group business, proposed introducing a fast-en ...
US Space Force awards SpaceX $2.29 billion contract for military space data network
WASHINGTON, May 26 : The U.S. Space Force has awarded SpaceX a $2.29 billion contract to build a secure, high-speed satellite communications network to connect military sensors and weapons platforms across the globe, the service announced on Tuesday.The fixed-price nontraditional contracting agreeme ...
Republican attorneys general split with House party members over US social media bill
WASHINGTON, May 26 : More than a dozen Republican attorneys general said they oppose a children's online safety bill backed by their party's members of the U.S. House of Representatives, according to a letter released on Tuesday, exposing a Republican rift over how to keep kids safe online ...
SoftBank hires banks for US IPOs of SB Energy and AI robotics spinoff Roze, sources say
NEW YORK, May 26 : SoftBank Group has tapped banks to prepare initial public offerings for its energy and infrastructure developer SB Energy and its planned autonomous robotics spinout Roze, as founder Masayoshi Son ramps up the Japanese group’s push into artificial intelligence infrastructure ami ...
Canada's Telesat eyes secure Italian satellite connectivity contract, sources say
ROME, May 26 : Canada's Telesat held preliminary talks with Italy to provide satellite services to ensure encrypted communications for the government, diplomats and defence officials operating in high-risk areas, three sources close to the matter said on Tuesday.Satellite connectivity has becom ...
Dollar climbs as US strikes on Iran dent ceasefire optimism
NEW YORK, May 26 : The dollar edged higher against major currencies including the euro and yen on Tuesday, after renewed U.S. strikes on Iran dented optimism for a near-term ceasefire, boosting demand for the safe-haven greenback.Iran said the U.S. had violated a ceasefire after it conducted what it ...
Dollar firms as fresh US strikes dim Iran ceasefire hopes
NEW YORK, May 26 : The dollar firmed on Tuesday as renewed U.S. strikes on Iran dented optimism for a near-term ceasefire, boosting demand for the greenback as investors turned cautious.Iran said the U.S. had violated a ceasefire after it conducted what it called defensive strikes in southern Iran, ...
Qualcomm strikes AI chip deal with TikTok owner ByteDance, Bloomberg News reports
May 26 : Qualcomm reached a deal with TikTok owner ByteDance to supply chips for AI data centers, Bloomberg News reported on Tuesday, citing people familiar with the matter. Shares of the smartphone chip designer rose about 5 per cent.ByteDance is set to procure millions of Qualcomm chips known as a ...
Micron joins $1 trillion club as AI race powers memory chip boom
May 26 : Micron Technology topped $1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the largest U.S. memory chipmaker as one of the standout winners of the AI boom.Micron's shares were last up 18 per cent at $886.6 - a record high - with Tues ...
US stocks gain on optimism over US-Iran deal to open Hormuz
[NEW YORK] US equities climbed and US oil prices were lower as investors bet that a deal to re-open the Strait of...
Stocks gain on optimism over US-Iran deal to open Hormuz
[NEW YORK] Equities climbed and US oil prices were lower as investors bet that a deal to re-open the Strait of Hormuz...
Micron closes in on $1 trillion market value as UBS triples share price target
May 26 : Shares of Micron Technology climbed about 14.2 per cent in early trading on Tuesday after brokerage UBS sharply raised its target price for the stock citing stronger AI demand and long-term supply deals, taking the chipmaker closer to $1 trillion in market value. The revised target - the hi ...
Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor
May 26 : Dropbox said on Tuesday that CEO and co-founder Andrew Houston will step down after a transition period, promoting insider Ashraf Alkarmi to co-CEO ahead of his succession as the sole chief executive.The file hosting service provider's shares fell more than 1 per cent in early trading. ...
US Supreme Court won't hear Meta's challenge to Vermont social media addiction lawsuit
May 26 : The U.S. Supreme Court declined on Tuesday to hear a bid by Meta Platforms to avoid a lawsuit brought by Vermont's attorney general accusing the company of designing its Instagram social media app to be addictive to young users, as big technology companies face mounting legal risks ove ...
Exclusive-Starlink and Amazon may be able to buy into EU mobile satellite spectrum plan
BRUSSELS, May 26 : Elon Musk's Starlink and Amazon's low-earth-orbit satellite business may be able to acquire some European mobile satellite spectrum next year, two people with direct knowledge of the matter said on Tuesday.But they said two-thirds of the satellite spectrum that allows mo ...
Exclusive-European companies set to receive two thirds of future mobile satellite spectrum, rest for non-EU firms, sources say
BRUSSELS, May 26 : The European commission is set to allocate two thirds of lucrative mobile satellite spectrum to European companies, with the rest available for non-European rivals such as Elon Musk's Starlink and Amazon's low-earth-orbit satellite business Leo, people with direct knowle ...
TOTM Technologies raised $5.5 mil from various investors including Lion Global
Teo Zheng Long - TOTM Technologies Limited (TOTM Tech) (SGX: 42F ) announced that it has successfully completed the proposed private placement of 220,520,000 new shares at a placement price of 2.5 cents. The placement price was placed at a slight discount of around 2.72% to its volume weighted average price as at Ma ...
IHH Healthcare Q1 net profit edges up 3% to RM528 million
Ranamita Chakraborty - Foreign currency translation differences set the group back by RM796 million during the quarter
I Squared bets on AI inference with $225 million data center buy from Cogent
May 26 : Investment manager I Squared Capital on Tuesday said that it has bought 10 data center facilities from Cogent Fiber for $225 million in cash, marking its latest bet on AI infrastructure. I Squared said it plans to use the assets as a “seed” for a new U.S. data center operating platform, ...
Allianz said to have leased about 78,000 sq ft at Shaw Tower
Kalpana Rashiwala - The group is set to relocate from CapitaSky; space to be vacated seeing strong demand amid tight supply
Oil giant BP ousts chairman over 'serious' governance concerns
LONDON: British oil giant BP said on Tuesday (May 26) that it had removed Albert Manifold as chairman after less than one year in the role, citing "serious concerns" about governance standards, oversight and conduct at the company."The board has been surprised and disappointed to lear ...
Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land
Therese Soh - Claimnant has sought compensation, a declaration of his status as legal owner of disputed land plots and a return of any unused...
BNP Paribas steps up Mistral partnership to bolster rapid AI defences
PARIS, May 26 : BNP Paribas is bolstering its cybersecurity defences in anticipation of powerful AI models exposing vulnerabilities, the French bank's chief information officer Marc Camus said.European banks have voiced concerns that they could lag U.S. lenders in accessing the most advanced cy ...
Dutch block US takeover of Solvinity as against public interest
THE HAGUE, May 26 : The Dutch government on Tuesday blocked Kyndryl’s 100 million euro ($113 million) takeover of cloud services provider Solvinity, citing public interest concerns after advice from the agency that screens foreign investments.The decision comes amid a broader push in the Netherlan ...
Spotify launches 'narrated articles' from publications like The Atlantic, Vogue
May 26 : Spotify said on Tuesday it is rolling out narrated articles from top publications including Rolling Stone, The Atlantic, Vogue, Variety and Vanity Fair for its audiobook users, as the platform diversifies its content. The Swedish streaming giant will offer more than 650 long-form magazine a ...
