Anthropic staff to meet White House officials next week, Axios reports
June 14 : Senior Anthropic technical staff are in Washington to meet with White House officials to try resolving a dispute that has taken the company's most advanced AI models offline, Axios reported on Sunday, citing a source close to the company.Reuters could not immediately verify the report ...
Allianz said to lead bidding for HSBC's Singapore Insurance unit
Nao Sano, Stephan Kahl and Manuel Baigorri / Bloomberg - Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, according to people familiar with the matter. The German insurer is the likeliest buyer for HSBC Life Singapore Pte after outbidding other industry players, the people said, asking not to be identifi ...
EU Commission looking at practical consequences of Anthropic decision, spokesperson says
BRUSSELS, June 14 : The European Commission said on Sunday that it is assessing the practical implications of a U.S. export control directive impacting artificial intelligence company Anthropic and that measures should not be discriminatory against partners.Anthropic said on Friday it would "ab ...
Allianz said to lead bidding for HSBC’s Singapore insurance unit
The transaction, estimated to be up to US$2 billion, could be announced soon: sources
SpaceX surge further boosts Saudi billionaire prince’s fortune
Alwaleed Talal’s investment firm holds 42.4 million shares in SpaceX, valued at US$6.8 billion
Buyback momentum continues, director acquisitions broaden
Around 90 director interests and substantial shareholdings were filed across more than 40 primary-listed stocks
Less travel translates into higher demand for consumer goods, drives up freight rates: Flexport
Tay Peck Gek - Sea freight rates have spiked up to three times in general since the Middle East war erupted
South Korea’s world-beating stock market eyes MSCI developed status
Investors are awaiting MSCI’s annual market-classification review on Jun 23
Mag 7? Mangos? SpaceX IPO forces name rethink on Wall Street’s tech-stock moniker
With trillion-dollar contenders waiting in the IPO wings, the Mag 7 club may soon need a name change
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Many ambitious megaprojects across the country have stalled or failed to attract visitors
Gold fever sends some vintage luxury watches to the melting furnace
Used models by the likes of Omega and LVMH’s Tag Heuer are most hit by the trend
Iran signals no deal will be signed by Trump’s Sunday timeline
Teheran is likely to demand the United States to unfreeze billions of dollars of its funds held in other countries
Trump eyes interim peace deal, but Teheran says still reviewing text
Iran is likely to demand the United States to unfreeze billions of dollars of its funds held in other countries
Trump says deal to end war will be signed on June 14, but Iran casts doubt over timing
Qatari negotiators flew to Teheran on the morning of Jun 14 as part of an effort to finalise the agreement
Trump says deal to end war will be signed on June 14, Iran questions timing
The Pakistani prime minister said Islamabad was preparing for an electronic signing of the framework agreement on Jun 14
US, Iran inch closer to deal, but timing remains unclear
The Pakistani prime minister said Islamabad was preparing for an electronic signing of the framework agreement on Jun 14
Trump says deal to end war will be signed on Jun 14, Iran questions timing
An Iranian Foreign Ministry spokesperson cautioned against commenting on the timing of the signing
UK, Japan set to agree $24 billion investment, tech partnerships
LONDON, June 13 : Britain and Japan are set to agree investment and technology partnerships worth more than £18 billion ($24 billion), expected to create tens of thousands of jobs, as Prime Minister Keir Starmer meets his Japanese counterpart Sanae Takaichi on Sunday.Here are some of the details as ...
Amazon voiced concerns about Anthropic AI models before US government's crackdown, source says
June 13 : Amazon CEO Andy Jassy was among tech leaders who raised concerns to senior Trump administration officials this week about security risks in Anthropic’s most advanced AI models, a person familiar with the matter told Reuters. Amazon did not immediately respond to a request for comment.Cit ...
Revised framework for single family offices to take effect June 15
The Edge Singapore - The Monetary Authority of Singapore (MAS) has announced that the revised framework for single family offices (SFOs) will take effect on June 15. The revised framework provides a simple, streamlined process for SFOs to establish operations in Singapore, whilst enhancing overall monitoring of SFOs. Th ...
Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker
June 13 : SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street's "Magnificent Seven" and raising a key question: Does the Mag 7 name still fit? And if not, what should replace it?The IPO, the biggest in U.S. history ...
Citi launches tokenised depositary receipts to connect private markets and investors
The Editor - Citi has launched digital depositary receipts on private shares. The new model, using blockchain infrastructure operated by SIX, now offers issuers flexible capital while providing investors with direct and transparent access to company equity, says the bank in a June 11 (US time) release. Citi’s ...
Traders are most positive on US dollar since February 2025
Hedge funds, asset managers and other speculators accumulate US$27.8 billion worth of bets that it will strengthen
Retail investors build big dreams on small slices of SpaceX
NEW YORK, June 12 : Individual investors eager for a piece of SpaceX's mega IPO on Friday scrutinized their e-mail inboxes and brokerage accounts to see just how big a slice of the pie they received - while others went straight to the open market to scoop them up on day one.From the start, Spac ...
Oil: Brent falls to lowest since March on expected peace deal
Brent futures settle at US$87.33 a barrel
US: Wall Street ends higher as SpaceX’s market debut dominates
The space stock closes 19.2% higher at US$160.95, well above the IPO price of US$135 apiece
US blocks foreign access to Anthropic's most advanced AI models, Axios reports
June 12 : The Trump administration is blocking foreign governments, companies and individuals from accessing Anthropic's most advanced AI models, Axios reported on Friday.Reuters could not immediately verify the report.U.S. Commerce Secretary Howard Lutnick on Friday sent a letter to Anthropic ...
Anthropic disables most advanced AI models after US order limiting foreign access
Anthropic said it received a government directive banning all foreign nationals, even those working at Anthropic, from accessing Fable 5 and Mythos 5 over national security concerns.
Investing where the economics take us: Today, it is America
Tong Kooi Ong + Asia Analytica - Over the past few weeks, we have explored what we believe are two dominant models of capitalism in the world today. America’s market-driven system excels at monetising innovation. Deep capital markets, strong shareholder protection, intellectual property rights and winner-takes-most economics allo ...
Pivoting to US stocks that are the biggest beneficiaries of the current phase of AI revolution
Tong Kooi Ong + Asia Analytica - Absolute Returns Portfolio — SELLSIn the Absolute Returns Portfolio, we disposed of ChinaAMC Hang Seng Biotech ETF, Kanzhun, and Ping An (both A and H shares), paring our China exposure down to two names: Alibaba and Sun Hung Kai Properties. Both offer targeted exposure to themes we continue to fi ...
To the stratosphere: The SpaceX IPO
Tong Kooi Ong + Asia Analytica - When it comes to SpaceX, much of the public’s attention has been captured by the company’s interplanetary ambitions. Ahead of its June 12 initial public offering (IPO), the company’s prospectus offered investors sweeping promises of “extending the light of consciousness to the stars” and s ...
Shares of SpaceX end first day at US$160.95, up 19% from IPO price
They opened at US$150, 11% above US$135 offering price
OpenAI under investigation by group of state attorneys general, source says
June 12 : A coalition of U.S. state attorneys general has opened a sweeping investigation into OpenAI, a source familiar with the matter said on Friday.The ChatGPT maker was served on Friday with a subpoena seeking documents related to a wide range of its activities and the impact on users, includin ...
OpenAI under investigation by coalition of state attorneys general, WSJ reports
June 12 : A coalition of U.S. state attorneys general has opened an investigation into OpenAI, the Wall Street Journal reported on Friday, citing people familiar with the matter.The AI company was served on Friday with a sweeping subpoena seeking documents related to a wide range of its activities a ...
