US SEC review delays first prediction-market ETFs
PROVIDENCE, Rhode Island, May 4 : More than two dozen exchange-traded funds tied to elections, recessions, tech layoffs and other real-world events are still awaiting U.S. regulatory clearance, as issuers race to package the booming prediction-market business into a product retail investors can trad ...
New Mexico seeks changes to Meta platforms in youth harm trial
May 4 : A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to make changes.The case, which will be tried before a judge i ...
As Formula One evolves, AI becomes part of the race
LONDON, May 4 : Artificial Intelligence’s integration into Liberty Media-owned Formula One and its 11 teams has been noticeable on- and off-track in the already highly tech-powered sport.Eight new AI partnerships were signed in the past six months alone, according to research firm Ampere Analysis. ...
MAS taps industry-wide data to develop scam detection via AI
Belle Neo - The Monetary Authority of Singapore (MAS) is working with partners including the Government Technology Agency of Singapore and the Singapore Police Force to deploy artificial intelligence and machine learning (AI/ML) tools in the fight against financial crime. The initiative centres on a Proof-of-Va ...
Vietnam’s growth push squeezed as inflation hits six-year high, trade gap at 30-year peak
Jamille Tran - The latest data, amid a softening currency, could pile pressure on policymakers, analysts say
MAS partners banking industry to tap AI, machine learning to combat financial crime
Therese Soh - It will use these techniques to enhance scam-detection capabilities
Cerebras targets $26.6 billion valuation in US IPO as AI chip demand surges
May 4 : Nvidia-rival Cerebras is seeking a valuation of as much as $26.62 billion in its U.S. initial public offering, as heavy spending on AI infrastructure lifts demand for advanced chips and fuels investor appetite for the sector.Sunnyvale, California-based Cerebras is aiming to sell 28 million s ...
AI chipmaker Cerebras aims to raise $3.5 billion in US IPO
May 4 : Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise $3.5 billion in its U.S. initial public offering.This marks Cerebras' second attempt to go public after withdrawing a previous IPO filing last October.The Sunnyvale, California-bas ...
AI chipmaker Cerebras targets $115-$125 share price in US IPO, source says
May 4 : AI chipmaker Cerebras Systems, a rival to Nvidia , is scheduled to kick off its IPO roadshow on Monday, with shares expected to be priced between $115 and $125, a source familiar with the matter told Reuters. This marks Cerebras' second attempt to go public after withdrawing a previous ...
Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026
US inflation remains well above the Fed’s 2 per cent target
Malaysia central bank to hold rates at 2.75% through 2026: Reuters poll
BENGALURU, May 4 : Malaysia's central bank will keep its main policy rate unchanged at 2.75 per cent on Thursday and through the rest of the year as benign inflation and steady growth give policymakers little reason to shift course despite the energy shock from the Middle East war, a Reuters po ...
European shares steady as investors assess Middle East progress; automakers slide
EUROPEAN shares were muted on Monday, as investors watched for signs of progress in Middle East talks, while European automakers were under...
Asian buyers offer big premium for diesel-rich crude from UAE
May-loading shipments have attracted a premium to official selling prices, which are set significantly higher than April
Australian shares slip as RBA decision looms, NAB posts profit miss
AUSTRALIAN shares drifted lower on Monday ahead of the central bank’s policy decision, while an earnings miss from top business lender NAB...
Samsung shares lag SK Hynix’s rally as analysts cite strike risk
Samsung’s labour union has rejected the management’s earlier offer
H2G Green CEO Pek Hak Bin to step down after one year
Belle Neo - H2G Green CEO Pek Hak Bin will step down on May 31 at the end of his one-year term in the top job, according to a May 4 bourse filing. Pek was appointed CEO of the Singapore-listed energy transition firm on June 1, 2025. Founded in Singapore, H2G Green focuses on developing biomass-to-hydrogen techn ...
Asean’s test in a fragmented global economy
South-east Asia’s resilience will depend on greater economic integration within the region and continued strategic engagement with external partners
Samsung Biologics estimates US$100 million strike loss as unions press demands
About half of the company’s workforce of 2,861 employees have been on strike since Apr 28
SK Hynix shares rally 13% after US tech firms signal strong AI spending plans
SEOUL, May 4 : Shares of SK Hynix surged 13 per cent to a record high on Monday, driven by foreign buying, after some big U.S. tech firms last week hiked their investment plans for artificial intelligence data centres. The South Korean chipmaker outperformed bigger rival Samsung Electronics, which h ...
SK Hynix shares rally 12% after US tech firms signal strong spending on AI data centers
SEOUL, May 4 : Shares of SK Hynix extended gains to 12 per cent on Monday, driven by foreign buying, after big U.S. tech firms last week reported robust earnings and reaffirmed their investment plans for artificial intelligence data centers. SK Hynix outperformed bigger rival Samsung Electronics, wh ...
Yen suddenly jumps on talk of possible intervention
Japanese officials have so far declined to comment on whether they have intervened
Analysts upgrade DBS, lift target price on improved forecasts, wealth franchise growth
Therese Soh - Increased inflows into Singapore from a flight to safety and the strong Singapore dollar may benefit bank, says OCBC Group Research
Indonesia's March trade surplus expands to $3.32 billion
JAKARTA, May 4 : Indonesia's trade surplus expanded in March to $3.32 billion, the largest since September, official data showed on Monday, even as exports fell in annual terms.The March surplus was larger than both the median forecast of a $2.41 billion surplus in a Reuters poll of economists ...
India's markets regulator to soon issue advisory on emerging AI risks
May 4 : India's markets regulator will soon issue an advisory to market intermediaries on emerging risks from Anthropic's Mythos and other artificial intelligence tools, its chairman said on Monday.The Securities and Exchange Board of India is in touch with stakeholders on AI-related threa ...
Swiss lawmakers gather to discuss law that will shape UBS future
Early signals from the committee will influence what is likely to be months of intense lobbying
GameStop makes bold $56 billion play for eBay, ready to go hostile
May 3 : GameStop proposed on Sunday to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take the bid directly to shareholders should eBay's board be unreceptive.GameStop - once a stock market minnow that shot to fame during a meme-stock ...
BlueSG relaunches as Flexar, pivots to asset-light model
Shikhar Gupta - It will now rely on third-party fleet management providers to supply its vehicles in a push to lower costs and speed up...
Analysts mostly issue upgrades on DBS after sterling first quarter
Felicia Tan - Analysts are mostly issuing call or target price upgrades on DBS Group Holdings after the bank posted a strong set of results for the 1QFY2026 ended March 31. On April 30, the bank posted a quarterly net profit of $2.93 billion, 1% higher y-o-y and 24% up q-o-q, and within Bloomberg’s estimate of ...
Market ‘underestimating’ fuel impact on aviation sector: DBS
Deon Loke - The brokerage provides its pecking order for Singapore aviation stocks
Dubai airport passenger traffic drops 66% in March on Iran war
The development of the emirate’s Dubai World Central airport continues to progress
A2 Milk recalls batches of US baby formula after toxin find
The global baby formula market has been buffeted by concerns over tainted products
Boeing faces civil trial over 737 MAX crash
Boeing will face its latest lawsuit brought by the family of an American NGO worker, who was killed in the March 2019 Ethiopian Airlines crash.
Drop in HDB resale flat prices in Q1 no cause for panic among condo buyers
Leslie Yee - But mind weakening tailwind in upgrader demand if HDB resale market weakens
Asian stocks near record high on tech corporate earnings as US dollar dips
ASIAN shares traded near record highs on Monday (May 4) as stronger-than-expected corporate earnings from technology companies kept the sector buoyant, while...
