Oil gains over 2% as market weighs Iran war supply risks
March 17 : Oil prices rose more than 2 per cent in early trade on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.Brent future ...
Oil up again in Asian trade, with focus on Iran war
TOKYO: Oil climbed again in Asia on Tuesday (Mar 17) after prices retreated a day earlier, with investors remaining focused on the Strait of Hormuz.At around 12.30am GMT, West Texas Intermediate (WTI) was up 1.95 per cent at US$95.32 after it fell 5.3 per cent the previous day.Brent Crude was 1.84 p ...
Ant Group secures China nod for Hong Kong brokerage acquisition
The deal is now expected to close on Mar 30, the filing says
Japan's underlying inflation accelerating toward BOJ target, Governor Ueda says
TOKYO, March 17 : Bank of Japan Governor Kazuo Ueda said on Tuesday underlying inflation was gradually accelerating toward the central bank's 2 per cent target."We will guide monetary policy appropriately so that Japan sustainably and stably achieves our 2 per cent inflation target," ...
Singapore’s Feb key exports growth slows to 4% as electronics surge eases and non-electronics slide
Elysia Tan - Exports up for six of the Republic’s top 10 markets but decline for China, India, Indonesia and US
Apple unveils second-generation AirPods Max at US$549, more than five years after debut
Currently, the segment is largely dominated by Japan’s Sony Group, Bose and Sennheiser
Stocks to watch: Singapore Airlines, Singtel, Yangzijiang Shipbuilding
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Mar 17):
OpenAI to cut back on side projects to focus on core business, WSJ reports
March 16 : ChatGPT-maker OpenAI's top executives are finalizing plans for a major strategy shift to refocus the company around coding and business users, the Wall Street Journal reported on Monday.Fidji Simo, chief of applications at OpenAI, previewed the changes to employees in an all-hands me ...
Asian container liners see turnaround as Red Sea remains shut
Disruption from the war is roiling global supply chains, forcing liners to tackle everything from transit halts to soaring fuel costs
Is the fixed-income market ripe for yield-hunting amid volatility? Here’s where to look, according to analysts
Chloe Lim - Short-duration bonds are preferred to their long-duration counterparts in periods of volatility
SK Group chairman says wafer shortage to last until 2030, trying to stabilise memory prices
SAN JOSE, California, March 16 : South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply. Speaking to reporters on the sidelines of Nvidia's GTC Confe ...
South Korea’s SK Group chairman expects chip wafer shortage to last until 2030, eyes US ADR listing
SAN JOSE, California, March 17 : South Korea's SK Group Chairman Chey Tae-won on Monday said the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply. Speaking to reporters on the sideline of Nvidia's GTC Confer ...
Wealth bankers rush to calm growing private credit fears in Asia
Regulators in Asia are also increasing scrutiny of the asset class, aiming to protect less-savvy individual investors
Asian private bankers go on blitz to calm private credit nerves
Regulators in Asia are also increasing scrutiny of the asset class, aiming to protect less-savvy individual investors
Nvidia expects to make US$1 trillion from AI chips through 2027
has accelerated its technology development in recent years, seeking to replace its entire product lineup on an annual basis
Maybank initiates ‘buy’ on Sats, citing cargo growth prospects
Koh Kim Xuan - The brokerage has set a target price of S$4.52 for the in-flight caterer and ground handler
What Singapore needs to change to enable better senior living options
Gaps in the eldercare and retirement housing landscape can be addressed with regulatory changes
Work Permit levy hikes in 2028 could drive SMEs to automate, upskill workers: industry players
Renald Yeo - Among SMEs, these levy increases are likely to have a greater impact than other manpower-related changes unveiled in Budget 2026
US average diesel prices cross $5 a gallon as Middle East War tests global economy
NEW YORK, March 16 : U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.Economists have warned that surging diesel prices could slow global ec ...
Trump says he asked China to delay Xi summit due to Iran war
The decision to put off the summit may not be a major disappointment for Beijing
UK's Reeves to pledge 1 billion pounds for quantum procurement
LONDON, March 16 : British finance minister Rachel Reeves said on Monday the government would spend up to 1 billion pounds ($1.33 billion) on powerful quantum computers to help develop the quantum sector and boost the wider economy.The new procurement programme is part of a 2 billion-pound plan to u ...
Samsung shares rise after Nvidia's Huang flags tie-up on new AI chips
March 17 : Shares of Samsung Electronics rose as much as 5 per cent on Tuesday after Nvidia CEO Jensen Huang said its new artificial intelligence chips were being manufactured by the South Korean company. At Nvidia's GTC developer conference in California on Monday, Huang unveiled Nvidia's ...
Samsung Elec showcases Nvidia's new inference chip made using 4 nanometer process
March 16 : Samsung Electronics showcased Nvidia's new artificial intelligence chip manufactured using Samsung's 4 nanometer process at Nvidvia's GTC developer conference in California on Monday. Nvidia CEO Jensen Huang said at the event that Samsung makes Nvidia's new AI inferenc ...
Oil prices slide 3% as some ships transit Strait of Hormuz
Governments worldwide are trying to shield consumers from soaring energy costs
Wall Street ends higher as traders return to AI stocks
The Fed is widely expected to leave interest rates unchanged at the end of its two-day meeting on Wednesday
Commentary: Tech companies are blaming massive layoffs on AI. What’s really going on?
Genuine disruption from artificial intelligence is visible in specific corners of the labour market, but the scale of that disruption is commonly overstated, says this professor.
European shares snap three-day losing streak as oil prices retreat
Investors have been highly sensitive to crude prices, which have soared since the US and Israeli strikes on Iran began more than...
Nvidia bets on AI inference as chip revenue opportunity hits $1 trillion
SAN JOSE, California, March 16 : Nvidia said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, as the company outlined a strategy to compete more aggressively in the fast-growing market for running AI systems in real time.CEO Jensen Huang unve ...
Roche ramps up AI computing capacity with Nvidia chip expansion
BERLIN, March 16 : Swiss drugmaker Roche said on Monday it had expanded its artificial intelligence computing capacity with more than 2,100 Nvidia chips to support drug and diagnostics development.Roche said the additional hardware would speed up work across its research and development operations, ...
Uber, Nvidia plan robotaxi rollout in 28 cities starting next year
March 16 : Uber Technologies and Nvidia said on Monday they will deploy a fleet of robotaxis powered by Nvidia's autonomous driving software on the ride-hailing network, starting in Los Angeles and San Francisco in 2027 and expanding to 28 cities globally by 2028.Robotaxis are rapidly expanding ...
Skild AI, Nvidia deploy robot brain on Blackwell assembly lines
March 16 : Skild AI's artificial intelligence model will power robots manning Foxconn's assembly lines in Houston, where Nvidia's Blackwell GPU server racks are built, in what the companies described as an early commercial deployment of generalized physical AI.The startup, backed by N ...
Nvidia strikes humanoid robot partnerships with European chipmakers
AMSTERDAM, March 16 : European chipmakers Infineon, NXP and STMicroelectronics on Monday all announced partnerships with Nvidia to sell hardware for humanoid robots, as they vie for business in a potentially lucrative market.U.S. chipmaker Nvidia coordinated the announcements on the eve of its annua ...
Dell workforce drops 10% in fiscal 2026, filing shows
March 16 : Dell's total workforce declined by about 10 per cent, or 11,000 employees, in fiscal 2026, it said on Monday, a sign that the AI server maker is limiting external hiring to reduce costs.The company spent $569 million in severance payments in this period, compared with $693 million a ...
US court rules against S Korean gaming company and its AI-hatched takeover plan
WILMINGTON, Delaware, March 16 : A Delaware judge ordered on Monday that South Korean game developer Krafton Inc reinstate the head of one of its video game studios, ruling that he had been improperly removed as part of a takeover plan hatched by ChatGPT.Krafton's CEO Changhan Kim had largely f ...
