HSBC drops 'overweight' call on EM equities on AI spending fears
July 8 : HSBC closed its "overweight" stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that renewed concerns over weaker AI spending could disproportionately weigh on EM Asian markets.EM Asian equities have remained volatile lately, with maj ...
Incentive Fomo, uncertainty drive new Category A COE record in ‘re-run of 2025 mania’
Derryn Wong - Awareness that incentives will be reduced in 2027, strong demand are keeping premiums high for mainstream cars
Incentive FOMO, uncertainty drives new Category A COE record in ‘re-run of 2025 mania’
Derryn Wong - Awareness that incentives will be reduced in 2027 and strong demand are keeping premiums high for mainstream cars
China warns of 'security backdoor' in Anthropic AI coding tool
The alleged backdoor could allow the software to "transmit sensitive information", including users' locations and identity-related identifiers, back to Anthropic's servers without users' consent.
Allianz to cut up to 1,800 jobs due to increasing AI use
July 8 : Allianz's travel insurance division will cut up to 1,800 jobs due to the growing use of AI, said Tomas Kunzmann, CEO of Allianz Partners, on Tuesday evening, confirming an earlier Reuters report.
AI chip startup SambaNova valued at $11 billion in $1 billion funding round
July 8 : AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.The company makes custom chips, hardware systems and cloud services tailored for inference - the process by which models respond ...
Big Tech joins Calgary Stampede oil bash, as Canada courts data centers
CALGARY, July 8 : Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta courts data center development.Oil and gas companies typically take center stage at the annual energy get-together, timed with the cit ...
Stocks fall as Trump declares US-Iran ceasefire ‘over’
S&P 500 futures slide 1% as Brent climbs 6.3% towards US$79 a barrel
Singapore stocks rise amid mixed regional showing; STI up 0.5%
UOB leads gainers on the blue-chip index
Crypto firms prepare defenses as quantum threat to encryption draws nearer
NEW YORK, July 8 : The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical ...
Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand
SAN FRANCISCO, July 8 : Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday.Broadcom disclosed on Monday it had secured a long-term supply ...
Hock Lian Seng issues profit warning; expects to report operating loss for 1HFY2026
Teo Zheng Long - Hock Lian Seng (SGX: J2T ) warns that it will report an operating loss for 1HFY2026 ended June 30, compared with an unaudited profit before tax of $10.0 million for the corresponding period in 1HFY2025. Hock Lian Seng explains that the operating loss was mainly due to higher operating costs in the c ...
French antitrust watchdog orders Meta to resume talks with media groups over publishing fees
PARIS, July 8 : France's competition authority on Wednesday ordered Meta Platforms to resume talks with French media groups over payments for publishing content, after the publishers complained following the collapse of previous negotiations.The case is one of a growing number between publisher ...
Dollar steady around one-week high after Trump says Iran MOU 'over'
LONDON, July 8 : The U.S. dollar was broadly steady at its highest level in roughly a week on Wednesday after U.S. President Donald Trump said an interim memorandum of understanding signed with Iran to end their conflict was "over", while investors also looked ahead to Fed meeting minutes ...
Dollar around one-week high as Trump says Iran MOU 'over'
LONDON, July 8 : The U.S. dollar was steady at around its highest level in roughly a week on Wednesday after U.S. President Donald Trump said an interim memorandum of understanding signed with Iran to end their conflict was "over", while New Zealand's currency jumped after the country ...
Oil jumps over 5% after Trump says deal with Iran 'over'
Brent crude futures gained US$3.82, or 5.15%, hitting US$77.98 a barrel at 0832 GMT
Tencent inks first deal for carbon-removal credits outside China
[BEIJING] Tencent Holdings will buy 300,000 carbon removal credits from an agroforestry project in Indonesia, marking the first deal of its kind...
South Korea said to open cartel probe into Teo Siong Seng’s Singamas and other container makers
Tay Peck Gek - Three Chinese firms, including CIMC, are also being investigated
Cat A hits record S$129,000 as COE rises across the board
Commercial vehicle certificates are also at a high, rising 2.1% to S$95,000
Honda recalls over 300,000 US vehicles over rearview image display issues
July 8 : Honda Motor America, a unit of Honda Motor Co Ltd, is recalling 325,588 Odyssey vehicles in the U.S. due to issues with the display of the rearview image, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.Here are details from the NHTSA:• The recall affects cert ...
Nuclear power to climb 44% worldwide as China tops US: report
By 2036, the world may have up to 535 gigawatts (GW) of installed nuclear power, up from 372 GW in 2025
Apple loses challenges against EU rules to curb Big Tech
BRUSSELS, July 8 : Apple lost its challenge on Wednesday against landmark EU rules that designate its app stores and operating system iOS as gatekeepers subject to obligations aimed at giving rivals more room to compete.The EU Digital Markets Act, which sets out a list of dos and don'ts for Big ...
EU court rejects Apple's challenge against EU rules reining in Big Tech
BRUSSELS, July 8 : Europe's second-highest court on Wednesday dismissed Apple's challenge against landmark EU rules labelling its app stores and operating system iOS as gatekeepers subject to strict obligations."The General Court dismisses Apple's actions regarding its designatio ...
China lifts fuel export curbs for July, sources say
Transportation fuel prices are expected to ease as the world’s biggest refiner returns to normalcy
South Korean AI chip startup Rebellions targets IPO next year
SEOUL, July 8 : South Korean AI chip startup Rebellions aims to list its shares on the Korean market in the first half of next year, followed by a potential listing in the United States, its co-founder and chief executive Park Sunghyun told Reuters on Wednesday."Our priority right now is Korea ...
Dollar-selling linked to SK Hynix share offer sends won to over 1-month high, source says
SEOUL, July 8 : Dollar-selling related to a U.S. share sale by South Korean chipmaker SK Hynix emerged in the country's dollar-won forwards market on Wednesday, sending the won to a more than one-month high, a source familiar with the matter told Reuters. "There is forward selling related ...
Temasek’s portfolio emissions flat y-o-y again, even as SIA logs record
Jovi Ho - For the second year running, Temasek’s combined Scope 1 and Scope 2 portfolio emissions stayed flat y-o-y in the financial year ended March 31, even as its CEO says the Singapore-headquartered investment firm is unlikely to meet its 2030 goal of halving portfolio emissions from 2010 levels. Temase ...
Temasek reports record net portfolio value of $518 bil despite challenging environment
Felicia Tan - Geopolitics and disrupted supply chains have dominated headlines as countries grapple with new power dynamics. Even so, financial markets have reached new highs, and along with this, Temasek Holdings has chalked up another record year for its portfolio, thanks largely to another strong year from its ...
Temasek aims to more than double AI investment portfolio share to as much as 15% by 2031
The state investor sees the rapid advancement of artificial intelligence as a “pivotal phase” that will create vast opportunities.
Temasek’s net portfolio value grows 10.5% to S$518 billion; Mideast conflict dampens gains
Strong performance by Singapore-based listed companies and gains from key divestments boosted Temasek’s portfolio.
Temasek’s share of sustainability-aligned investments falls to 9.5% in FY2026
Janice Lim - Still, portfolio value increases by S$3 billion to S$49 billion
AI, infrastructure, private credit ‘compelling opportunities’ for Temasek’s near-term returns
Tessa Oh - The three areas are highlighted in the investment company’s annual report
Temasek’s blue-chip portfolio companies drive value to record S$518 billion
Tessa Oh - It is also boosted by ST Telemedia selling an 82% stake in its data centre business for S$6.6 billion
From Anthropic to Zegna – the A-to-Z of Temasek’s strategies to thrive in a ‘polycrisis’ world
Jude Chan - In the financial year ended March 2026, it has added S$51 billion in new investments while divesting S$31 billion
