Exclusive-EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
BRUSSELS/AMSTERDAM, June 1 : Europe plans to propose strict criteria for cloud computing services in highly critical state tenders that could exclude Amazon, Microsoft and Google from such projects, according to documents seen by Reuters.The proposal is part of the European Commission's Cloud a ...
BYD sales rise for first time in 9 months on overseas demand
It is aiming to sell 1.3 million cars outside China this year, around 25% more than in 2025
Motorola targets rogue drones with $1.5 billion D-Fend deal
June 1 : Motorola Solutions said on Monday it would buy Israeli startup D-Fend Solutions for $1.5 billion as governments and critical infrastructure operators worldwide rush to defend against the growing threat of rogue drones.Shares of the company were up more than 2 per cent.Attacks on key infrast ...
Motorola Solutions bets on anti-drone tech with $1.5 billion D-Fend deal
June 1 : Motorola Solutions will buy Israeli counter-drone technology maker D-Fend Solutions for $1.5 billion to tap rising demand from governments and critical infrastructure operators to counter rising security threats. The acquisition is expected to close in the fourth quarter of 2026, the teleco ...
Crypto exchange Binance rolls out trading in US stocks, ETFs
June 1 : Crypto exchange Binance said on Monday it has launched stock and exchange-traded fund trading for customers on its platform, expanding beyond digital assets into traditional financial markets.Here are some details of the announcement: • Binance said users will have access to more than 7,0 ...
BYD snaps longest streak of sales declines
BEIJING, June 1 : Chinese electric vehicle giant BYD snapped its longest-ever eight-month sales decline streak in May, despite weakening domestic demand and intensifying competition continuing to weigh on performance..Vehicle sales globally grew 0.3 per cent from a year earlier to 383,453 units last ...
ESR, Mitsubishi Estate Asia team up for A$700 million Western Sydney logistics estate development
Kalpana Rashiwala - This is the second partnership between the two in two years as they expand their presence in Australa’s high-demand logistics sector
Wall Street futures gain as AI advances overshadow US-Iran tensions
June 1 : U.S. stock index futures climbed on Monday, starting June on a firm footing, as the latest AI push from Nvidia and Microsoft lifted shares, even as uncertainty over the Middle East war lingered.Nvidia rose 1.6 per cent in premarket trading after the world's most valuable company unveil ...
SoftBank Group overtakes Toyota as Japan’s most valuable company
Changing of the guard underscores how rapidly investor tastes have shifted towards companies that are benefiting from the AI build-out
Emerging market stocks hit record as investors assess factory data, Mid-East peace prospects
MSCI index of EM stocks rises 1.4% as tech-heavy bourses in Taiwan and South Korea climb to a record
China stocks dip to six-week low as tech firms drag, factory activity stalls
Shanghai Composite index drops 0.3% to 4,057.74 at market close
‘Quite alarming’: More companies must think about replacing their CEOs, boards
Jude Chan - Apac firms’ significant lack of confidence in their renewal processes may spell trouble, warns Heidrick & Struggles’ Terence Quek
Toyota chairman's son to take new role at automaker in August
TOKYO, June 1 : Toyota Motor subsidiary, Woven by Toyota, said on Monday that Senior Vice President Daisuke Toyoda, the son of Toyota Chairman Akio Toyoda, will move to a new role at the automaker effective August 1.Toyoda will return as a project manager to a division close to the "genba" ...
Japan must promote yen stablecoins in Asia, ruling party panel says
TOKYO, June 1 : Japan must promote usage of yen-based stablecoins for settlement in Asia and create a legal framework to allow trading of crypto exchange-traded funds (ETF), a ruling party panel said in a proposal to the government on Monday."Crypto-ETFs would provide investors with easy-to-und ...
Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives
(Corrects to Huang in second reference in paragraph 4)SEOUL, June 1 : Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics.Chipmaker Sa ...
‘Capital guaranteed’ label for investment-linked policies misleading: MAS, Life Insurance Association
Genevieve Cua - The death benefit of ILPs typically has a guaranteed component, but there is no capital guarantee
Global smartphone market faces record annual decline as chip crunch worsens
BEIJING, June 1 : The global smartphone market is heading for its steepest annual contraction on record, with shipments projected to slump by 13.9 per cent this year to 1.08 billion units, Counterpoint Research said on Monday, citing a worsening shortage of memory chips.The forecast is a downgrade f ...
Uber and Autobrains target Munich for robotaxi rollout
BERLIN, June 1 : Uber and Israel-based Autobrains said on Monday they plan to launch a robotaxi programme in Munich in collaboration with U.S. chipmaker Nvidia, marking a push to scale autonomous ride-hailing in Europe.The companies said they aim to combine Uber's mobility network with Autobrai ...
Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says
TOKYO, June 1 : Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former Bank of Japan board member Makoto Sakurai said on Monday.The ...
China investors turn sellers of Hong Kong stocks in rare reversal
[HONG KONG] Chinese mainland investors turned net sellers of Hong Kong stocks for the first time in nearly three years in May,...
SoftBank set to become Japan’s most valuable company
Investor tastes have shifted towards companies that are benefiting from the AI buildout
Coinbase offers trading using Indian rupee
NEW DELHI, June 1 : U.S.-listed cryptocurrency exchange Coinbase is allowing users in India to make trades using the rupee, marking a key expansion of its services in Asia's third-largest economy.Customers can deposit and withdraw rupees through the so-called immediate payment service channel, ...
Nvidia enters Windows laptop market, taking on Intel and AMD
[TAIPEI] Nvidia is entering the PC market with a new chip aimed at loosening the stranglehold of Intel technology in that arena...
Analysis:AI debt sales reshape global corporate bond markets
LONDON, June 1 : From Europe to Japan and Switzerland, huge bond issues by Big Tech companies are proving that smaller markets, often overshadowed by the U.S., can punch above their weight in the $40 trillion world of corporate debt.Google-parent Alphabet is already one of the biggest outstanding bo ...
Japan's Nikkei tops 67,000 for first time on AI boost; SoftBank becomes Japan's most valuable firm
TOKYO, June 1 : Japan's Nikkei share average topped 67,000 for the first time on Monday, powered by AI-related shares, as startup investor SoftBank Group overtook Toyota Motor to become the country's most valuable company.The Nikkei climbed 1.1 per cent to enter the midday recess at 67,038 ...
Japan's Nikkei tops 67,000 on AI boost; SoftBank becomes most valuable Japanese firm
TOKYO, June 1 : Japan's Nikkei share average topped 67,000 for the first time on Monday, powered by AI-related stocks, as startup investor SoftBank Group overtook Toyota Motor to become the country's most valuable company.The Nikkei climbed as much as 1.4 per cent to touch a record 67,231. ...
DBS to open 18 new and 36 upgraded wealth centres across Apac by 2027
Derryn Wong - First centre expected to open in Q3 2026; will roll out in Singapore, Hong Kong, China, India, Indonesia and Taiwan
HSBC CEO pitches to Hong Kong clients, hires more bankers amid stiff competition
Lender trying to rebuild market share after a major global restructuring of its investment bank early last year triggered many senior departures
HSBC CEO pitches Hong Kong clients, hires more bankers after setbacks
[HONG KONG] HSBC is redoubling efforts to revive its flagging Hong Kong investment banking franchise, deploying its top leadership to win back...
Indonesia vows transparency as it starts transition to centralised commodity exports
JAKARTA, June 1 : Indonesia pledged transparency in the state company that will become its sole exporter of important commodities, as a transition period to a centralised export system started on Monday with coal, palm oil and ferroalloys.President Prabowo Subianto on May 20 announced resource-rich ...
Dell rivals Apple’s MacBook Neo with US$699 touch-screen XPS 13 laptop
[NEW YORK] Dell Technologies introduced a redesigned XPS 13 laptop, positioning the device as a direct answer to Apple’s popular MacBook Neo,...
Dollar steady as markets await progress on Middle East peace talks
LONDON, June 1 : The U.S. dollar was steady on Monday after a small weekly loss as investors awaited developments in Middle East peace talks and U.S. jobs data later this week that could shape the Federal Reserve's monetary policy path. The dollar index, which measures the currency against six ...
Dollar in holding pattern as markets await progress on Middle East peace talks
LONDON, June 1 : The U.S. dollar was steady on Monday after a small weekly loss as investors awaited developments in Middle East peace talks and U.S. jobs data later this week that could shape the Federal Reserve's monetary policy path. The dollar index, which measures the currency against six ...
Dollar steadies as markets await signals on Iran war, central banks
TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes.The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the St ...
