US import prices unexpectedly rise in June
WASHINGTON, July 17 : U.S. import prices unexpectedly rose in June as declines in the costs of food and energy products were more than offset by higher prices for capital and consumer goods, leading to the largest annual increase in imported inflation in nearly four years.Import prices increased 0.3 ...
Zoox recalls self-driving cars because they may not detect smoke
WASHINGTON, July 17 : Amazon.com self-driving car unit Zoox said Friday it will recall 105 autonomous vehicles because they may not detect heavy smoke and could impede emergency personnel.Last week, the top U.S. auto safety official said self-driving car companies must quickly address a "cle ...
Dollar steady but set for weekly drop on fading US rate hike bets
The dollar index was less than 0.1% higher at 100.79
Indian regulator warns of 'boss scam', a cyber fraud targeting top executives
MUMBAI, July 17 : Indian markets regulator on Friday issued a warning against a cyber fraud involving impersonation of CEOs and other senior executives of companies to trick employees into transferring funds. The Securities and Exchange Board of India (SEBI), while referring to this as 'boss sc ...
Exclusive-Saudi PIF set to win EU nod for Electronic Arts deal under subsidy rules, sources say
BRUSSELS, July 17 : A group of investors including Saudi Arabia's Public Investment Fund is set to secure European Union approval for its $55 billion acquisition of video game developer Electronic Arts under EU subsidy rules, people familiar with the matter said. Saudi Arabia's $1 trillion ...
‘Tangible progress’: SIA defends Air India investment in response to Sias
Ranamita Chakraborty - The airline group’s replies come ahead of its AGM on Jul 24
Airbus wins major order from Air China to firm regional hold
The deal adds to a series of successful sales campaigns for the European planemaker
Telstra CEO points to undocumented software change for outage in Senate testimony
July 17 : Telstra CEO Vicki Brady told a Senate inquiry on Friday that last week's outage at Australia's largest telecoms firm was likely caused by an undocumented design change and a missed software update on a network time-keeping device.Last Wednesday's outage, the latest in a seri ...
Rising fees are changing the role of South-east Asia’s e-commerce enablers
The economics of e-commerce have changed in recent years amid rising marketplace commissions
Most buyers of million-dollar HDB flats paid no COV in 2025: PropNex
Chong Xin Wei - Survey finds that demand for such units was driven by 30 to 49-year-olds and retirees
Network School: Malaysia’s Forest City controversy explained
The Immigration Department’s ongoing probe has uncovered no evidence of participation by Israeli nationals
Global equity funds draw inflows for the eighth week on earnings optimism
July 17 : Global equity funds attracted inflows for an eighth consecutive week through July 15, as investor risk appetite was lifted by a strong start to the earnings season and cooler U.S. inflation data that eased expectations of Federal Reserve rate hikes.Investors made net purchases of $12.46 bi ...
Singapore stocks fall on Friday as local banks take a hit; STI down 0.5%
Across the broader market, gainers trail losers 226 to 365, after 1.2 billion securities worth S$2.1 billion change hands
SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler
WASHINGTON, July 17 : U.S. Small Business Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk's SpaceX after she was nominated for the job, earning millions of dollars from the company's record initial public offering, a Reuters review of her financial di ...
Chinese startup Moonshot’s powerful new AI model closes gap with US rivals
It is said to outperform all competitors except Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6
Netflix tumbles as slowing growth, less viewership data spook investors
July 17 : Netflix shares sank more than 10 per cent premarket on Friday after the streaming giant forecast another quarter of slower revenue gains and scaled back viewership data, fueling fears that its industry-beating growth may have peaked.In its latest disclosure pullback, the company cut the fr ...
"Lacks excitement": Netflix tumbles 9% as weak earnings forecast deepens doubts over growth
July 17 : Netflix's shares tumbled 9.2 per cent before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about its ability to sustain growth momentum.While the company has gone beyond its traditional subscription-driven model, ...
UOB brings 63 children of UOB Privilege Banking clients to three-day leadership programme with SMU
The Edge Singapore - United Overseas Bank (UOB) has conducted a three-day leadership programme for 63 children of UOB Privilege Banking clients aged 18 to 25. The programme, held from July 14 to 16, was done in partnership with the Singapore Management University (SMU) Business Families Institute and Steward Leadership ...
Global IPO proceeds jump 210% in 1H2026 even as deal volumes slip: EY
Lynnette Tania Lee - Global initial public offering (IPO) activity pulled in two directions in the first half of 2026. Fewer companies went public, yet those that did raised far more money, as a clutch of mega-listings lifted proceeds even while deal counts fell. A total of 509 companies raised US$193.6 billion ($249.4 ...
Chief Justice Sundaresh Menon to retire in February 2027, to be succeeded by Justice Sushil Nair
Chief Justice Menon has led the Singapore judiciary through significant transformation, says the Prime Minister’s Office
Chief Justice Sundaresh Menon to retire in Feb 2027, to be succeeded by Justice Sushil Nair
Chief Justice Menon has previously served as deputy chief executive of Drew & Napier
Japan's Nikkei slides into correction zone on tech selloff, Middle East conflict
[TOKYO] Japan’s Nikkei tumbled into correction territory on Friday (Jul 17), as a global rout in chipmakers and an escalation in the...
AI-fuelled electronics to keep Singapore exports resilient, but growth becoming increasingly concentrated
Low Youjin - The gap between electronics and non-electronics exports widens further in June
Philippine bourse seeks to boost retail trading with new reforms
The aim is to attract retail investors away from online gambling and cryptocurrency trading
Hitachi Energy signs deal to develop electrical infrastructure for Eve's 'flying car'
SAO PAULO, July 17 : Hitachi Energy and Eve have formed a partnership to jointly develop the power infrastructure needed for Eve's "flying car," or electric vertical takeoff and landing (eVTOL) vehicle, the companies said on Friday.• Under the memorandum of understanding, Eve and th ...
Asia-Pacific airlines’ 2025 revenues climb 4.3% to US$223.7 billion on travel surge
Shikhar Gupta - Combined net profits hit US$12.1 billion, but rising fuel prices cloud the outlook for carriers
Volvo Cars scraps sales-growth target due to slump in China
[STOCKHOLM] Volvo Cars scrapped its target of selling more cars this year due to a sharper-than-expected deterioration in China which cut into...
Volvo Car scraps sales-growth target due to slump in China
[STOCKHOLM] Volvo Car scrapped its target of selling more cars this year due to a sharper-than-expected deterioration in China which cut into...
EQT raises Kakaku.com offer price to 3,450 yen, topping rival bid
TOKYO, July 17 : European fund EQT on Friday raised its offer for Japanese website operator Kakaku.com to 3,450 yen ($21.25) per share from 3,000 yen, topping a rival offer from a consortium comprising SoftBank subsidiary LY Corp and Bain Capital.The new price values Kakaku.com at about 682 billion ...
ComfortDelGro's loss of latest bus package 'immaterial' to earnings: DBS
The Edge Singapore - Chee Zheng Feng of DBS Group Research has kept his "hold" call and $1.30 target price on ComfortDelGro after it lost another bus package. According to the Land Transport Authority (LTA), it has awarded the Serangoon-Eunos Bus Package, now held by ComfortDelGro's subsidiary SBS Transit ...
China's Moonshot AI chases 'DeepSeek moment' with much-hyped model
Kimi K3 drew excitement from industry insiders, with some evoking a 2025 release from China's DeepSeek that shook assumptions of US dominance in AI.
Japan PM vows to pursue steps to encourage domestic investment by GPIF
TOKYO, July 17 : Japanese Prime Minister Sanae Takaichi said on Friday the government will pursue steps that encourage investment in domestic financial assets by households and state pension funds including Government Pension Investment Fund (GPIF)."Under its asset management guidelines, GPIF h ...
Financial astrology: Is the STI really hoping for Spain to win the World Cup?
Shikhar Gupta - Since 1990, a European winner sees the index rise 8.7%, while a South American winner sees it fall 5.7%
A checklist for managing ageing parents’ finances
Common estate planning tools include a will, CPF nomination, LPA and an Advance Care Plan
