Oil prices tumble by 15% after Trump predicts Middle East de-escalation
NEW YORK, March 10 : Oil prices plunged by about 15 per cent on Tuesday, a day after soaring to their highest levels since 2022, pressured after U.S. President Donald Trump predicted the war with Iran could end soon, which should minimize oil supply disruptions.Brent futures fell $14.23, or 14.5 per ...
Meta to charge advertisers a fee to offset Europe's digital taxes
March 10 : Meta Platforms will charge advertisers a location fee ranging from 2 per cent to 5 per cent to cover digital service taxes imposed by some countries, the U.S. tech giant said in a post on its website, following in the footsteps of Alphabet's Google and Amazon.The fee, for image or vi ...
Amazon launches healthcare AI assistant on its website, app
NEW YORK, March 10 : Amazon.com will expand access to its healthcare AI assistant for customers using its website and app, aiming to streamline care for over 30 conditions, it said on Tuesday.The artificial intelligence assistant can explain results, connect patients with providers and answer questi ...
Delays with SpaceX's Starship risk NASA moon landing timeline, watchdog says
WASHINGTON, March 10 : SpaceX's Starship has accumulated at least two years of development delays since NASA picked the rocket as an astronaut moon lander in 2021, and is expected to require more time to clear remaining development hurdles before it can put humans on the moon, NASA's inspe ...
Brent to trade above $95 for next two months on Iran war, EIA says
HOUSTON, March 10 : Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies, before falling to around $70 by the end of the year, the Energy Information Administration said on Tuesday in a monthly report.Oil shipments have been largely blocked ...
Brent oil prices to remain above $95/bbl over next 2 months on Mideast conflict, EIA says
HOUSTON, March 10 : Brent oil prices are set to remain above $95 a barrel over the next two months as conflict in the Middle East rages on, the Energy Information Administration said on Tuesday in its monthly short term energy outlook report. Brent crude futures will then fall below $80 a barrel in ...
Rhoda AI raises $450 million at $1.7 billion valuation, unveils robot intelligence platform
March 10 : Rhoda AI on Tuesday said it has raised $450 million in a Series A funding round that values the company at $1.7 billion and unveiled a robot intelligence system it says can handle the unpredictability of industrial environments.Breakthroughs in artificial intelligence models that help rob ...
Mapletree Logistics Trust books provision of RM28.1 million amid ongoing tax dispute in Malaysia
Janice Lim - MLT’s manager says the trust is not expected to be materially impacted by the case, which is before a High Court
Sony fighting $2.7 billion UK lawsuit over PlayStation Store prices
LONDON, March 10 : Sony is fighting a London lawsuit worth almost 2 billion pounds ($2.7 billion) that alleges the PlayStation maker's "monopoly position" inflated prices for digital games, in the latest mass consumer case to go to trial in Britain.The Japanese conglomerate is accused ...
Elon Musk says X Money to enter early public access next month
March 10 : Elon Musk on Tuesday said X Money, the social media platform's digital payment system, will enter early public access next month, as the billionaire pushes to transform X into an "everything app."The move comes as the Tesla chief looks to take advantage of the platform' ...
Yangzijiang Shipbuilding buys 10% stake in maritime company from Canada’s Fairfax for US$825.7 million
Janice Lim - The sale price is above valuation, but the shipbuilder sees strategic and commercial gains from the acquisition
Meta acquires AI agent social network Moltbook
March 10 : Facebook parent Meta Platforms said on Tuesday it had acquired Moltbook, a social networking platform built for artificial intelligence agents, bringing the company's founders into its AI research division.The development signals an intense race among tech giants to snap up AI talent ...
IndiGo CEO Pieter Elbers resigns months after mass India flight cancellations
The sudden resignation creates leadership uncertainty at India’s largest airline
Deutsche Bank upgrades US and European tech sector, turns 'overweight' on software
March 10 : Deutsche Bank upgraded the U.S. and European technology sector to "neutral" from "underweight" on Tuesday and turned "overweight" on software, saying the months-long rout sparked by fears of AI-driven disruption has likely run its course.The shift comes after ...
In charts: Singapore’s energy and chemicals sector in focus as Middle East conflict escalates
Sharanya Pillai - The sector’s green pivot could help it be less vulnerable to oil and gas disruptions in the long term
Yangzijiang Shipbuilding to invest US$825.7 mil for 10% stake in longtime customer Seaspan Corp
The Edge Singapore - Yangzijiang Shipbuilding plans to pay US$825.7 million to take a 10% stake in a key customer, charter owner Seaspan Corporation, which has been giving it shipbuilding orders for around two decades. According to Yangzijiang, this acquisition will "further strengthen" its "strategic rel ...
Wall Street opens subdued as investors monitor US-Iran tensions
[NEW YORK] Wall Street’s main indexes opened subdued on Tuesday (Mar 10), following comments from US officials that suggested escalating hostilities in...
Dutch court upholds ruling forcing Meta to offer chronological feeds
AMSTERDAM: A Dutch appeals court on Tuesday (Mar 10) upheld an October ruling requiring Meta Platforms to let Facebook and Instagram users in the Netherlands view posts chronologically, rather than via profiling-based feeds.Digital rights group Bits of Freedom, which brought the case, had argued in ...
Amazon targeting $37 billion to $42 billion in bond sale, Bloomberg News reports
March 10 : Amazon.com is targeting about $37 billion to $42 billion in its latest bond sale, Bloomberg News reported on Tuesday, citing people familiar with the matter.The reported figure would mark one of the latest corporate bond offerings as the company looks to fund its spending on artificial in ...
US seeks comment on Zoox petition to deploy robotaxis without steering wheels
WASHINGTON, March 10 : The National Highway Traffic Safety Administration said Tuesday it is seeking public comments on Amazon.com's self-driving unit Zoox to deploy up to 2,500 purpose-built, steering-wheel-free robotaxis.Zoox filed a petition in August seeking approval with the auto safety ag ...
Iran war forces Japanese auto-parts suppliers to turn to Russia’s Rusal
Sources say aluminium producers are likely to ask for long-term agreements for urgently needed supply
Stocks rise, oil pulls back as Trump and Iran trade barbs
BOSTON/LONDON, March 10 : Wall Street stocks fell and oil prices dropped on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon" despite defiant comments from Iran’s military that cast some doubt over the prospects of a swift resolution.The Dow Jone ...
Stocks mixed, oil prices pull back as Trump and Iran trade barbs
BOSTON/LONDON, March 10 : Wall Street stocks fell and oil prices dropped on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon" despite defiant comments from Iran’s military that cast some doubt over the prospects of a swift resolution.The Dow Jone ...
Stocks gain, oil prices pull back as Trump and Iran trade barbs
BOSTON/LONDON, March 10 : Wall Street stocks advanced and oil prices plummeted on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon" despite defiant comments from Iran’s military that cast some doubt over the prospects of a swift resolution.The Do ...
Stocks advance, oil plummets as Wall Street looks past intense airstrikes on Iran
BOSTON/LONDON, March 10 : Wall Street stocks rebounded and oil prices pulled back sharply on Tuesday after U.S. President Donald Trump declared the Middle East war could be "over soon," even as the U.S. and Israel pounded Iran with what the Pentagon and Iranians on the ground said were the ...
AI startup Thinking Machines clinches capital and a major chip supply deal from Nvidia
March 10 : AI startup Thinking Machines Lab said on Tuesday it has struck a multi-year partnership with Nvidia that will see it receive a significant investment and procure at least one gigawatt of the chipmaker's next-generation processors.Financial terms of the deal were not disclosed.Under t ...
Qualcomm, Wayve partner to accelerate AI-powered self-driving system rollout
March 10 : Qualcomm and British self-driving startup Wayve said on Tuesday they are collaborating on an integrated artificial intelligence system to help automakers rapidly deploy advanced driver-assistance and automated driving features.The tie-up combines Wayve's "AI Driver" softwar ...
Legal AI startup Legora raises $550 million to speed up US expansion
Nio swings to black with Q4 profit of 122.4 million yuan on record deliveries
Shikhar Gupta - Its full-year net loss narrows from 22.7 billion yuan to 15.6 billion yuan
OCBC sees regional transaction banking growth outpacing Singapore, senior executive says
Transaction banking revenue is currently split about 60:40 between domestic and regional markets
Jardine Matheson 2025 underlying profit up 11% at US$1.7 billion
Shikhar Gupta - The group’s final dividend of US$1.75 a share brings its full-year payout to US$2.35 a share
Citi braces for busy spell for financial sponsors deals in Asia
The bank leads on the STT GDC deal for KKR and Singtel, providing key acquisition financing
South Korea fines Mercedes US$7.6 million over misleading EV battery information
SEOUL: South Korea's antitrust regulator said on Tuesday (Mar 10) it has fined Mercedes-Benz 11.2 billion won (US$7.61 million) for misrepresenting the battery suppliers in its electric vehicles.The Korea Fair Trade Commission said Mercedes-Benz promoted its EQE and EQS models as using premium ...
Jardine Matheson's underlying profit for FY2025 up 11%; declares higher dividend of US$2.35 per share
The Edge Singapore - Jardine Matheson has reported earnings of US$1.1 billion for its FY2025, a turnaround from losses of US$468 million incurred in the preceding year. Revenue in the same period was down 4% to US$34.2 billion. Underlying profit attributable to shareholders, which the company says is a "key measure ...
