AI coding startup Cursor, courted by SpaceX, picks London as European hub
LONDON, June 9 : AI coding startup Cursor, which SpaceX has an option to buy for $60 billion, will open its European headquarters in London and hire some 200 staff, an executive told Reuters, as demand in the region grows for tools that automate software development.Elon Musk's SpaceX, which is ...
SingPost unveils S$30 million sortation machines that will boost its parcels processing capacity
Tay Peck Gek - New systems will increase capacity to process small and medium-sized parcels from 100,000 to 300,000 per day
SingPost unveils S$30 million sortation machines that treble its parcels processing capacity
Tay Peck Gek - New systems will boost the small and medium parcel processing capacity from 100,000 to 300,000 parcels per day
S-Reits ‘positioned for recovery’ as yield spreads widen: analysts
Shikhar Gupta - The sector offers a yield spread of about 3.8%-4% over 10-year Singapore government bonds, say DBS and UOBKH
Singapore Airlines, Southwest Airlines partner to expand access to nearly 120 US destinations
Passengers can now book journeys between Singapore and the United States on one ticket with onward access to Southwest Airlines' network.
Great Eastern among the world’s strongest insurance brands, Brand Finance data shows
The Edge Singapore - According to Brand Finance, Great Eastern Holdings recorded a brand value growth of 2% this year and ranks 33rd globally among the insurance sector’s 100 most valuable brands. In the Insurance 100 2026 report by Brand Finance, Great Eastern’s brand is valued at US$4.9 billion. In addition, it ra ...
Singapore banks upgraded to ‘overweight’ on stronger NII growth in FY2027: CGSI
Felicia Tan - CGS International’s (CGSI) Tay Wee Kuang and Tan Jie Hui have upgraded the Singapore banking sector to “overweight” from “neutral” previously as they see earnings upside from potentially stronger net interest income (NII) in FY2027. The growth comes from continuous capital inflows after da ...
Asian stocks track Wall Street tech bounce, oil eases on Middle East hope
The gains across most equity markets followed a rebound on Wall Street, fuelled by a race to pick up cheaper assets following a sell-off sparked by bets on a US interest rate hike and warnings over tech firms' valuations.
‘Selldown unwarranted; fundamentals intact’: UOBKH maintains ‘buy’ on CSE Global following ID’s resignation
Teo Zheng Long - John Cheong and Heidi Mo from UOB Kay Hian are maintaining their “buy” call on CSE Global (SGX: 544 ) despite the recent resignation of the company’s lead independent director, Tan Chian Khong. In their June 9 report, both analysts pointed out that the stated reason for the resignation was due ...
Maybank handles RM20 billion deals for Singapore, Malaysia hub
The bank is in a prime position to benefit from growth generated by the economic zone for both countries
Singapore ranks world’s most crypto-friendly city in Multipolitan index
Nurdianah Md Nur - Singapore tops Multipolitan’s 2026 Crypto Friendly Cities Index, leading an Asia Pacific showing that accounted for six of the global top 10 cities. The index evaluates cities across regulatory clarity, tax efficiency, institutional infrastructure and real-world adoption. Multipolitan says Singapo ...
Databricks in talks to raise funds at over $165 billion, The Information reports
June 8 : Data analytics software firm Databricks has discussed raising funds in a round that could begin next month and value it at between $165 billion and $175 billion, The Information reported on Monday, citing sources.Here are a few details: • Databricks, one of the most valuable privately hel ...
Keppel enters South Korea’s data centre market with 60 MW greenfield project
Deon Loke - It marks the second investment by its private fund, Keppel Data Centre Fund III
EV maker VinFast’s revenue jumps on South-east Asian demand, but loss widens
Electric vehicle sales remain sluggish in the United States and some other countries
JGB yields rise as investors focus on 30-year auction, BOJ meeting
TOKYO, June 9 : Japanese government bond (JGB) yields rose on Tuesday as investors extended a recent selloff across most tenors ahead of an expected rate hike by the central bank.Here are a few details: • The benchmark 10-year JGB yield climbed 2.5 basis points (bps) to 2.740 per cent, putting it ...
UBS reduces Asia ESG staff by half in global restructuring
The retrenchment comes after a broader pullback among global banks from dedicated ESG financial strategies
SpaceX IPO is well oversubscribed with US$10 billion orders
Retail investors can still submit orders for shares on some platforms beyond the deadline
How banks are using SpaceX to woo the super rich
The IPO lets lenders nurture ties with wealthy clients and find new ones – which may matter even more
Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports
June 8 : AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas.• "Agnostic of these two companies, we were planning for something in 2028, so that s ...
Perplexity planning IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC
June 8 : AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas."Agnostic of these two companies, we were planning for something in 2028, so that still ...
Units of Elite UK REIT to be included in the CPF Investment Scheme
Teo Zheng Long - The manager of Elite UK REIT (SGX: MENU ) announced that its Singapore dollar-denominated units has been included under the Central Provident Fund Board’s CPFIS – Ordinary Account with effect from June 9. Investors may now utilise their Central Provident Fund (CPF) savings in their CPF ordinary ...
Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology
June 8 : SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for its blockbuster IPO this week.The billionaire said that much of the required technology already exists in its current Starlink satellite network.&qu ...
Siri AI, Apple Intelligence, child safety tools: Key takeaways from Apple’s WWDC
Apple unveiled Siri AI, expanded Apple Intelligence and integrated new AI features across its apps. The company also introduced enhanced child safety tools, upgraded photo editing features and expanded Liquid Glass customisation.
US says BYD, Baidu, Alibaba and other tech giants are aiding China’s military
Pentagon adds major Chinese tech firms to military-linked company list
Oil rises slightly as investors await clarity after Iran-Israel halt attacks
June 9 : Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal from U.S. President Donald Trump.Brent crude futures rose 13 cents, or 0.14 per cent, t ...
Gold steadies after Israel and Iran agree to end missile strikes
GOLD was steady, after Israel and Iran agreed to end attacks that had jeopardised talks to end the war in the Middle...
Stocks to watch: Keppel, Starhill Global Reit, Ley Choon
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 9):
Stocks to watch: Starhill Global Reit, Ley Choon
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 9):
Apple investors give lukewarm reaction to new Siri, AI platform
Apple shares closed 1.9% lower at US$301.54 on the Nasdaq on Jun 8
Keppel secures land for data centre development in South Korea
The Edge Singapore - Keppel is entering the data centre market of South Korea after one of its private funds, Keppel Data Centre Fund III, secured land to develop a 60MW greenfield data centre in Ansan, which is situated within the Seoul Metropolitan Area. The fund will hold an effective stake of 73% in this development ...
Alphabet taps Intel to make three million in-house chips: report
The chipmaker has secured billions of US dollars of investments from the Trump administration, Nvidia and SoftBank
OpenAI joins Anthropic in IPO push
June 8 : OpenAI said on Monday it confidentially filed for a U.S. initial public offering recently, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. The ChatGPT-maker said it has not decided on a timeline of the IPO yet nor did ...
South Korea Q1 GDP grows 1.8% q/q, stronger than advance estimate
SEOUL, June 9 : South Korea's economy grew in the first quarter at a stronger pace than previously estimated in April, revised central bank data showed on Tuesday. Gross domestic product grew 1.8 per cent in the January-March quarter from the preceding three months, faster than the 1.7 per cent ...
New NCS chief bets deeper on government contracts, even as AI shrinks the workload
Young Zhan Heng - Sam Liew, two months into the job, has done an internal restructuring to re-organise and grow its talent
