Oil jumps after settlement as US revokes general license for Iran oil sales
NEW YORK, July 7 : Oil prices settled 3 per cent higher on Tuesday and then extended gains post-settlement, after the U.S. revoked the general license that authorized the sale of Iranian crude oil. Reports of attacks on vessels near the Strait of Hormuz also revived fears of disruptions to tanker sh ...
Perplexity says it plans to use Nvidia's new CPU
SAN FRANCISCO, July 7 : AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices.Nvidia has said it expects to generate $20 billion in s ...
Meta expands generative AI tools with Muse Image rollout
July 7 : Meta Platforms said on Tuesday it is rolling out Muse Image, its first image-generation model from Meta Superintelligence Labs, as the Facebook owner expands generative AI tools across its apps.The company said Muse Image, which is integrated into its Meta AI chatbot, can interpret complex ...
US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says
NEW YORK, July 7 : U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.The EIA p ...
Judge approves $46.75 million payout for 23andMe data breach victims
July 7 : A U.S. bankruptcy judge on Tuesday approved a $46.75 million settlement for victims of a 2023 data breach at 23andMe, the genetic testing company.U.S. Bankruptcy Judge Brian Walsh in St. Louis said the settlement was fair and equitable, and in the best interest of a trust overseen by 23andM ...
Dollar edges higher after data as yen holds near 40-year low
NEW YORK, July 7 : The dollar rose modestly on Tuesday following consecutive sessions of slight declines while the yen held near a four-decade low, as investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.The greenback showed a muted reaction ...
Dollar higher after data as yen holds near 40-year low
NEW YORK, July 7 : The dollar advanced on Tuesday, following two straight sessions of slight declines, while the yen held near a four-decade low, as investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.The greenback showed little reaction to ...
AI startup CEO pleaded guilty in US to trading on insider tips from lawyers
BOSTON, July 7 : The founder and chief executive of an AI startup secretly pleaded guilty last year to participating in a vast scheme in which attorneys at major law firms tipped traders about mergers their employers were advising on.Court records unsealed on Monday show that Arya Bolurfrushan, a fo ...
Amazon seeks to raise at least US$25 billion from bond sale
The company is selling the debt in as many as eight tranches, ranging from three to 40 years
Gold falls as traders weigh Fed rate path and Hormuz attacks
Bullion falls as much as 1.2% to below US$4,120 an ounce
Nasdaq falls at open as DeepSeek's AI chip push rattles markets
[NEW YORK] The Nasdaq opened lower on Tuesday (Jul 7) amid declining chip stocks, with investors questioning the momentum of the AI-led...
ESR-Reit proposes to buy 5 logistics assets in Australia for US$192.4 million
Tan Nai Lun - The acquisition is expected to be 4.3% DPU accretive
ESR-REIT to acquire five freehold logistics properties in Melbourne for A$276.8 mil
Felicia Tan - ESR-REIT has proposed to acquire five institutional-grade freehold logistics properties in Melbourne, Australia, for a net purchase consideration of A$276.8 million ($247.9 million). The sum represents a 1.9% discount to the properties’ market valuation while the proposed acquisition are expected ...
Amazon aims to raise $25 billion from bond sale, source says
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, a source familiar with the matter told Reuters on Tuesday, in the company's latest push to fund its hefty AI investments. Tech companies have been tapping debt markets and launching equity sales to fun ...
Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, Bloomberg News reported on Tuesday, in the company's latest push to fund its hefty AI investments. The size of the offering could increase depending on investor demand, the report said, citing people f ...
China’s DeepSeek developing its own AI chip: sources
The startup has increased hiring of chip-design engineers in recent months
Yen pinned near 40-year low with investors wary of intervention
[SINGAPORE/LONDON] The yen hovered near a four-decade low on Tuesday (Jul 7), leaving traders wary of possible intervention by Japanese authorities to...
Beng Kuang’s subsidiary secured total of $85.2 mil in new contracts for 1HFY2026
Lin Daoyi - Beng Kuang Marine reported that its subsidiary, Asian Sealand Offshore & Marine (ASOM) secured contracts totalling $85.2 million for 1HFY2026 ended June 30. In a bourse filing on July 7, Beng Kuang notes that ASOM signed approximately $27.6 million in the first quarter and about $57.6 million in ...
Onsemi to sell two chipmaking plants to cut costs
July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:• Ons
Foundation Healthcare IPO 3.8 times subscribed
Tan Nai Lun - The Singapore offering is 9.4 times subscribed, with 3,805 valid applications for 87 million shares
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand
July 7 : BlackRock said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, will t ...
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
