CSE Global says no further discussions thus far on strategic review
The Edge Singapore - CSE Global on April 4 says there had been no discussions with an unnamed party that had indicated an "expression of interest" in a "potential strategic transaction" involving its largest shareholder Heliconia Capital. This potential deal was first announced by CSE Global a month ...
US doubles Hormuz guarantees to US$40 billion with new partners
[NEW YORK] The US is doubling, to US$40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the...
What foreign issuers should know about SEC trading suspensions
William Pao, Tejal Shah, and Bingxin Wu / Cooley - As of March 17, the Securities and Exchange Commission (SEC) has suspended the trading of 14 Asia-based companies that conducted their initial public offering (IPO) on Nasdaq or the New York Stock Exchange (NYSE) within the last two years due to potential market manipulation. The SEC’s focus on fo ...
Telegram's Durov says Russia triggered payment system problem by blocking VPNs
MOSCOW, April 4 : Telegram founder Pavel Durov said on Saturday Russia's attempt to block Virtual Private Networks triggered a problem with a domestic payment system, adding that tens of millions of Russians were now resisting the digital controls.The issue sowed chaos on Friday for some sho ...
Nasa astronauts reach safe orbit in historic moon mission
[AUSTIN] Nasa’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them...
Kempinski Hotels buys Augustine Hotel, Prague, its first acquisition in over 50 years
Jovi Ho - Europe’s oldest luxury hospitality group Kempinski Hotels has acquired the 101-room Augustine Hotel, Prague, housed in an 800-year-old monastery. This is the first acquisition for the group in over 50 years, since its investment in Hotel Vier Jahreszeiten Kempinski Munich in 1970. The wholly owned ...
US bonds fall as strong jobs data undermines Fed cut outlook
[NEW YORK] Bond traders ended the week betting that the Federal Reserve will keep interest rates steady this year, on signs of...
Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports
[BENGALURU] Elon Musk is requiring banks and other advisers working on SpaceX’s planned initial public offering (IPO) to buy subscriptions to Grok,...
Vietnam Q1 growth slows as costlier Middle East energy tests 2026 target
HANOI, April 4 : Vietnam's economy slowed in the first quarter from the three months prior, data showed on Saturday, as heavy exposure to Middle Eastern oil imports boosted inflation, presenting a challenge in reaching an annual growth target, authorities said.Gross domestic product grew 7.83 p ...
Vietnam Q1 GDP growth slows to 7.83% y/y from 8.46% y/y in Q4
HANOI, April 4 : Vietnam's economy slowed in the first quarter from the previous three months, data showed on Saturday, as its heavy exposure to Middle Eastern oil imports pressured growth.Gross domestic product grew 7.83 per cent in the January–March period from the same period a year earlie ...
Downed US jet, second crash mark new escalation in Iran war
[ISTANBUL] Iran shot down a US F-15E fighter jet and a second US plane reportedly crashed in the Gulf region, incidents which...
How discounts, deals are helping petrol players counter Cnergy’s low pump prices
Shikhar Gupta - Listed prices show gaps of more than S$1 a litre, but discount combinations can bring that down to cents
SpaceX delays next Starship test launch by a month, Musk says
April 3 : SpaceX CEO Elon Musk said on Friday that the company's next Starship test flight will take place in May and not April as originally scheduled.Musk posted on social media platform X that the next flight of Starship’s V3 vehicle was four to six weeks away, or in the first two weeks of ...
White House seeks $5.6 billion cut to NASA budget in 2027
WASHINGTON, April 3 : The White House on Friday proposed a $5.6 billion cut to NASA's budget for 2027, including a $3.4 billion cut to the space agency's science unit, a 23 per cent cut as NASA's new chief plans an array of new missions under the flagship U.S. moon program.
Italian court rules Netflix price-hike clauses are void, orders refunds
MILAN, April 3 : A Rome court has ruled as unlawful price increases imposed by Netflix on its Italian subscribers over the last seven years, and has ordered the U.S. media giant to reimburse them, a consumer association said on Friday.Consumer group Movimento Consumatori said in a statement that the ...
US fighter jet shot down over Iran
Fate of crew unclear; US officials scrambling to mount search-and-rescue
US fighter jet shot down over Iran; one crew reportedly rescued
US forces continue search-and-rescue operations for other crew member
US fighter jet shot down over Iran; one crew member rescued
US forces continue search-and-rescue operations for other crew member
Turkey launches investigation into Google over advertising, billing practices
ISTANBUL, April 3 : The Turkish Competition Board said on Friday it had decided to launch an investigation into Alphabet Inc and related Google companies over its advertising and billing practices.The investigation aims to determine whether Google's billing practices and commercial practices re ...
Scientists find evidence for theorized gargantuan star explosions
WASHINGTON, April 3 : A supernova - the explosive death of a star - is always violent, blasting material into space while typically leaving behind a compact stellar remnant like a neutron star or black hole. But some supernovas involving the largest stars in the cosmos may be so immensely powerful t ...
Trump administration proposes expanding Chinese tech gear crackdown
WASHINGTON, April 3 : The Federal Communications Commission on Friday proposed to ban the import of Chinese equipment from a group of manufacturers after previously barring approvals of new models in 2022, the latest move by Washington to crack down on Chinese-made electronic gear.The FCC had in 202 ...
US registers strong job growth in March, unemployment at 4.3%
WASHINGTON: The US economy posted unexpectedly strong job gains in March, government data showed Friday (Apr 3), in a shift that could ease labour market concerns and boost President Donald Trump's economic agenda.The world's largest economy gained 178,000 jobs in March, after losing 133,0 ...
How the Iran war is fuelling wild swings in interest-rate bets
[WASHINGTON] The Iran war has clouded the outlook for inflation and economic growth across the globe and, in turn, where interest rates...
Thai PM cracks down on ‘evil’ fuel smugglers to protect supply
The move follows reports of illicit fuel shipments from Thailand into Cambodia
Microsoft charts US$10 billion of outlays in AI-eager Japan
It will invest in cybersecurity partnerships and train a million AI engineers through 2029
Singapore’s FoodXervices – long-time supplier to F&B sector – calls it a day after 92 years
Renald Yeo - It is unclear how this will affect previously signed MOUs, including one inked three weeks ago with SBF
Singapore’s FoodXervices – longtime supplier to airlines, hotels, restaurants – calls it a day after 92 years
Renald Yeo - It is unclear how this will affect previously signed MOUs, including one inked three weeks ago with SBF
Samsung Elec likely to report stupendous surge in quarterly profit to record level
SEOUL, April 3 : Samsung Electronics, benefiting from red-hot chip prices stoked by the AI boom, is expected to book a six-fold jump in operating profit for January-March - a quarterly record and just shy of what it earned for all of the past business year.Bolstered by what it calls an "unprece ...
BOJ keeps rate‑hike door open even as Iran war squeezes firms
The degree and timing of future increases will depend on economic, price and financial conditions
Hedge funds walloped by a month of turmoil sparked by war
[LONDON] Some of the world’s biggest hedge funds known for delivering steady returns lost money in March as the war in the...
Hyundai Motor flags export disruptions as Middle East conflict hits shipping
PYEONGTAEK, South Korea: Hyundai Motor said on Friday (Apr 3) that exports to Europe and North Africa, which typically transit through the Middle East, were being disrupted by the conflict in the region, underscoring growing strains on global supply chains.The disruption highlights how the conflict ...
Trump will impose 100% tariff on some patented drugs
[WASHINGTON, DC] The Trump administration will impose tariffs of as much as 100 per cent on certain imported medicines, albeit with several...
Japanese firms reduce share buybacks for first time since 2020
[TOKYO] Japanese firms announced fewer share buyback programmes in the fiscal year ended Tuesday (Mar 31), marking the first decline since 2020.
Turning stables and schools into lifestyle hubs: Malaysia reimagines its old spaces
Tan Ai Leng - Rising construction costs and changing tastes are pushing developers to reinvent existing buildings
