China's DeepSeek developing its own AI chip, sources say
If successful, DeepSeek's expansion into semiconductor development would mark a major strategic shift for a company widely hailed in China as the country's AI champion, potentially adding to challenges faced by Chinese tech giant Huawei.
Keppel DC REIT is JP Morgan’s preferred data centre play in Singapore
The Edge Singapore - In a report dated July 7, JP Morgan points out that Singapore ranks among the most expensive data centre markets globally, with rents at US$330 to US$475 per kw per month. These rents are double those of developed markets such as Sydney and Northern Virginia. In addition, construction costs of aroun ...
Singapore banks lead gains on STI; benchmark index up 1.6%
The key regional indices all end the day down
Foundation Healthcare's IPO 3.8 times subscribed
The Edge Singapore - Foundation Healthcare Holdings' IPO, the largest SGX healthcare listing since 2012, is around 3.8 times subscribed. The public tranche of 9.21 million shares received valid applications for more than 86.98 million shares, while the larger international tranche attracted 531.7 million shares for ...
China regulator watches closely as US probes insider trading tied to Futu, Tiger Brokers
CSRC says it would pay close attention and ‘carry out the relevant work’ in line with circumstances
Big Tech data centers are driving up power bills at America's Rust Belt factories
NEW YORK, July 7 : For years, electricity costs for the Belden Brick Company in Sugarcreek, Ohio, had been relatively stable. Last year, they surged by 90 per cent — largely because of rising power demand from data centers in the region.The 141-year-old brick manufacturer, whose products can be fo ...
Singapore to pump S$800 million into transport and connectivity research and innovation over 5 years
Elysia Tan - The investment falls under RIE2030, and integrates earlier sector-based research
Frasers sells Sydney mall to PGIM, AFM joint venture for US$172.2 million
Jeanne Mah - The Ed.Square Town Centre sale is the second divestment by Frasers Property Australia this year
French firm Carester to build rare earths separation plant in Malaysia’s Perak
The projects would see technology transfers from the rare earths specialist to local miner Malaco
Japan's ban on jet fuel exports to Russia includes indirect shipments
TOKYO, July 7 : Japan's ban on jet fuel exports to Russia includes shipments via third countries or transferred at sea, Japanese Trade Minister Ryosei Akazawa said on Tuesday.Reuters reported on Friday that Russia is poised to import a jet fuel cargo originating from Japan via traders, as Ukrai ...
Bank of England sees growing risks to financial stability from AI
LONDON, July 7 : The Bank of England said on Tuesday that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove a success while the technology increases banks' vulnerability to cyberattacks.In a half-yearly assessment of risks to Britain&# ...
High-net-worth women in Asia are out-investing men in alternatives: Brookfield survey
Jean Low - The survey finds that 83% of such Asian women now hold alternative assets, compared to 73% of HNW men
Thai regulator probes mystery investor’s US$1 billion stake in CP Group-backed telecom
A review of Supaporn Pimphong’s claim that she owns 7.1% of True Corporation has been ordered
AI won’t bring back era of rapid growth, says Nobel Prize winner
As many as four in 10 US and UK jobs would be largely unaffected by AI
ECB tells banks to draw up plans against AI attacks amid disruption fears
FRANKFURT, July 7 : The European Central Bank on Tuesday gave euro zone banks four months to draw up plans to counter AI-enabled cyber threats that could undermine confidence in the financial system and disrupt payments. The move reflects mounting concern among regulators about advanced AI models su ...
Wall Street warms to SpaceX ahead of Nasdaq 100 inclusion
Index entry could draw over US$4 billion in flows to the company, JPMorgan estimates
Singapore firms’ push to put AI agents to work runs into a context gap
Nurdianah Md Nur - Companies in Singapore are moving to deploy AI agents that can carry out tasks across business systems, but many say their data infrastructure cannot provide the current, governed information those tools need to operate reliably. Three-quarters of Singapore IT leaders surveyed by Confluent say they ...
GIC among top sovereign funds backing India’s largest asset manager in US$1.2 billion IPO: sources
The listing will see SBI and Amundi selling a collective 10% of their shares in the joint venture
Nigeria to investigate tech firms over news content use
LAGOS, July 7 : Nigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive practices and unauthorised use of news content, the Federal Competition and Consumer Protection Commission said late on Monday. Th ...
Oil gains after vessel attacks near Strait of Hormuz
July 7 : Oil prices rose on Tuesday as reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route.Brent crude futures gained 89 cents, or 1.24 per cent, to $72.88 a barrel, while U.S. West Texas Intermediate crude rose 7 ...
Oil climbs as market monitors US-Iran talks
July 7 : Oil rose on Tuesday as traders' nervousness about a lack of progress on peace talks between the United States and Iran offset any price impact of a slight recovery in shipping through the Strait of Hormuz.Brent crude futures gained $1.02, or 1.42 per cent, to $73.01 a barrel, while U.S ...
German industry grows more than expected on auto sector
Output increased 0.9% from a month earlier in May
SMU together with OECD and ECGI launches Singapore Capital Markets Initiative
The Edge Singapore - The Singapore Capital Markets Initiative, jointly organised by Singapore Management University (SMU), OECD and ECGI emphasised the critical role of capital markets in fostering innovation, entrepreneurship, and economic growth. The OECD's Asian Capital Markets Report 2026, launched at the confe ...
Sumitomo Mitsui Trust Bank to buy 15% stake in infrastructure investor Morrison
TOKYO, July 7 : The trust bank unit of Japan's Sumitomo Mitsui Trust Group will acquire a 15 per cent stake in infrastructure investment manager Morrison and make an initial $500 million commitment to two Morrison strategies, the companies said on Tuesday. The 15 per cent stake is expected to b ...
Won’s 24-hour trading debut passes with below-average volume
The US dollar-won pair’s spot trading volume was 6% under the average of the past 30 days
MAS issues consultation paper for new protected cell company corporate structure
The Edge Singapore - The Monetary Authority of Singapore (MAS) has issued a consultation paper that proposes to establish a legislative framework for a new protected cell company (PCC) corporate structure. The paper, published on July 7, follows the announcement made by deputy prime minister and trade and industry minis ...
MAS proposes new corporate structure to grow alternative risk transfer market
Tan Nai Lun - The framework will lower costs for captive insurance, insurance-linked securities and sovereign risk pools
Google, RWE back Proxima Fusion in €411 million financing round
July 7 : Magnetic fusion start-up Proxima Fusion has raised €411 million ($469.69 million) from investors including Alphabet's Google and German utility RWE as part of a financing round, the Munich-based start-up said on Tuesday.• "Proxima’s financing demonstrates that Europe can not ...
Synopsys to cut chip fab manufacturing control software in shift to AI design, sources say
SEOUL, July 7 : U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to divert resources to higher-margin offerings such as AI design. Synopsys in April and Ma ...
Exclusive-Australia's teen social media ban fails to clear first hurdle in age checks, says study
SYDNEY, July 7 : Australia's online platforms are stumbling at the very first step in implementing age checks for users, rendering a world-first teen social media ban ineffective, a study by a team that advised the government's rollout of the curbs found.Since December, Australia's ne ...
Saudi oil price cut unlikely to convince sated Asia buyers, traders say
Other Gulf producers are selling crude at wide discounts to try to boost demand
South Korea's KOSPI tumbles 8%, triggering circuit breakers for sixth time this year
SEOUL: South Korean shares fell 8 per cent on Tuesday, led by chipmakers, as investors questioned whether record earnings tied to AI could hold up.The benchmark KOSPI was down 646.85 points, or 8.03 per cent, at 7,404.48, as of 4.53am GMT (12.53pm, Singapore time). It triggered circuit breakers at 4 ...
CICT, CapitaLand should snap up Bugis Junction Towers
Kalpana Rashiwala - The group has the heft to spearhead a redevelopment of the entire complex and transform the surrounding area
HSBC reins in riskier private credit lending: FT
It will focus on lower-risk funds and has told clients it will not renew their facilities
