Stocks fall as strong jobs data fuels rate hike bets; oil set for weekly gain
NEW YORK, June 5 : Shares dipped on Friday after a blowout jobs report fueled bets of a rate hike by the U.S. Federal Reserve and as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities.Iran reaffirmed support for the Hezbollah militia and demanded Israel ...
Stocks steady as US-Iran peace talks stall, AI rally cools
LONDON, June 5 : Shares wobbled on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo.The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw tr ...
Stocks drop as US-Iran peace talks stall, AI rally cools
LONDON, June 5 : Shares slid on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo.The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troop ...
Lenovo’s 3D scans were made for the Fifa World Cup, but true value may lie in video games
Shikhar Gupta - Its AI chatbot will launch with an empty playbook, but its scans could yield a multibillion-dollar IP pipeline
Lenovo’s 3D scans were made for the Fifa World Cup, but value may lie in video games
Shikhar Gupta - Its AI chatbot will launch with an empty playbook, but 3D scans could yield a multibillion-dollar IP pipeline
AllianzGI in exclusive talks to buy UOB Asset Management: sources
The details are being finalised on a transaction that could be valued at up to S$600 million
Thai consumer watchdog to file civil suit against Volvo Cars' Thai unit, official says
BANGKOK, June 5 : Thailand's consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair and maintenance unit, Scandinavian Auto Co. Ltd, over battery-related fires in its EX30 model, Pradoemchai Bunchualuai, an adviser to the minister who ch ...
UK’s biggest retailers cut 18,000 jobs amid rising taxes and wages
Massive layoffs show how the Labour government’s tax hikes are hitting the British’s top employers
UK's Raspberry Pi shares hit record as industrial demand boosts outlook
June 5 : Britain's Raspberry Pi on Friday upgraded its full-year profit outlook, sending shares of the single-board computer maker to an all-time high.The Cambridge-based company said strong pricing and demand from industrial customers helped it weather soaring memory-chip costs, though its pro ...
UK's Raspberry Pi lifts annual profit forecast on strong first-half results
June 5 : Single-board computing company Raspberry Pi on Friday raised its full-year 2026 profit forecast, saying strong AI-related demand was expected to result in adjusted core profit "significantly ahead" of market expectations for the year.The company expects first-half core profit of a ...
Indonesia's central bank to prepare regulations reflecting wider mandate
JAKARTA, June 5 : Indonesia's central bank will prepare technical regulations that reflect its wider mandate to support economic growth following the passage of a sweeping new financial system law, its spokesperson said on Friday.Bank Indonesia supported the law and had provided its feedback fo ...
Football frenzy: The Beautiful Game descends on North America
Lee U-Wen - The first Fifa World Cup to take place in three host nations could add US$40.9 billion to global GDP
Nvidia CEO says robotics is South Korea's next big sector, points to 'some suprises'
SEOUL: Nvidia CEO Jensen Huang on Friday (Jun 5) said robotics will be South Korea's next major sector, as he arrived for his second visit in seven months, underscoring deepening ties with local firms in not only chips but also robotics and AI factories."Because Korea is a manufacturing ce ...
Nvidia CEO sees robotics as next major sector in South Korea
GIMPO: Nvidia CEO Jensen Huang said on Friday (Jun 5) that he sees robotics as the next major sector in South Korea.He was talking to reporters after arriving at Gimpo airport in South Korea on a flight from Taiwan."Korea has many sectors to invest in. Robotics is going to be the next major sec ...
Banks curb China trips, delay events after cross-border scrutiny
The moves also coincide with an intensifying drive by Chinese tax authorities to collect taxes on offshore income
CGSI's Ong raises target price for Pan-United from $1.55 to $1.85
The Edge Singapore - Pan-United Corp's share price has dropped more than 10% from its recent peak of $1.73 more than a fortnight ago but Natalie Ong of CGS International has not only maintained her positive view on this stock, she has also raised her target price from $1.55 to $1.85, citing the company's stron ...
Lian Beng Group’s Ong family members pick up two bungalows in Belmont Road for S$60 million
Kalpana Rashiwala - The price works out to S$1,437 per square foot on the total land area of 41,741 sq ft
Should CSE Global’s lead independent director have stayed?
Teo Zheng Long - In most Singapore Exchange filings, board resignations follow a familiar script: calm wording, no visible disagreement and the standard “personal reasons” explanation. CSE Global (SGX: 544 ) broke from that pattern this week with a notably unusual resignation announcement. Tan Chian Khong, lead ...
UOB is a ‘fast follower’ when it comes to adopting tech, says bank’s group head of innovation
Felicia Tan - United Overseas Bank’s (UOB) approach to technology is the same as its overall philosophy — a “careful” one. Instead of striving to be the leader in implementing new features, the bank prefers to be a “fast follower”. “We are always a very careful bank. So I would say that the strategy ...
Talent fight heats up in India finance hub as DBS, Standard Chartered chiefs quit
Global banks are expanding their presence in Gift City, lured by tax incentives and a lighter regulatory framework
Pain relief for GI Joes, giant leap for iX Biopharma
Teo Zheng Long - You might expect a pharmaceutical company founder to have a background in science or medicine. Instead, Catalist-listed iX Biopharma (SGX: 42C ) was founded by Eddy Lee, who spent most of his career in unrelated fields, from hospitality to telecommunications. Instead of a formal education in science ...
CapitaLand unveils R&D gem Geneo
Kwan Wei Kevin Tan - $1.4 bil development is a statement of intent of the city-state’s grand R&D ambitions It is easy to be awestruck when you enter Geneo, CapitaLand Group’s new life sciences and innovation hub located at Science Park Drive. Jointly owned by CapitaLand Development (CLD) and CapitaLand Ascendas ...
Singapore retail sales up 5.4% in April, surpassing forecasts
Paige Lim - Most retail sectors recorded year-on-year growth in sales
IPOs are back in Singapore, but are they any good for investors?
Frankie Ho - The Singapore IPO market is stirring again. But there’s a problem: investors aren’t making much money from the new listings. After years of drought, the Singapore Exchange (SGX) is seeing a fresh batch of new listings. So far this year, the market has welcomed five IPOs and a secondary listing. ...
Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI's m ...
India holds rates, ramps up measures to support faltering rupee
MUMBAI: The Reserve Bank of India held its policy rate steady on Friday (Jun 5) and unveiled steps to pull in dollars, seeking to shore up an embattled rupee as the economy grapples with costly oil and foreign outflows.The measures include scrapping capital gains tax for foreign holders of governmen ...
Japan warns of ‘decisive action’ to defend yen as FX reserves tumble
Analysts say global bond rout could make Washington sensitive about the country’s Treasury sale
What to make of SpaceX’s mind-boggling IPO
Assif Shameen - The world’s most audacious storyteller Elon Musk this past week launched a global roadshow pitching the initial public offering (IPO) of his flagship Space Exploration Technologies Corp, popularly known as SpaceX, to investors around the world. The firm will raise US$75 billion ($95.9 billion) at ...
Central banks face painful test as stresses multiply
Andrew Sheng - Central banks were created to deal with crises. The first, Sveriges Riksbank, was founded in 1668 to deal with a Swedish banking collapse. The Bank of England was founded in 1694 to finance Britain’s war against France. The US Federal Reserve (Fed) banking system was created in 1913 to manage a vo ...
Switch in talks to raise funds at $50 billion-plus valuation, The Information reports
June 4 : Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, The Information reported on Thursday, citing people with knowledge of the deal. Here are some details: • Brookfield Asset Management, KKR and other private equity and institution
The trade war is returning with a vengeance
Manu Bhaskaran - Just as hopes for an end to the Middle East war are rising, the drums of another war are beating. The world is edging closer to a new trade war as the US and Europe search for ways to cope with China’s surging export competitiveness, and as China threatens to retaliate. These disagreements will be ...
From CTO to CEO: Anext Bank taps financing AI hardware to grow SME lending
Benjamin Cher - The Ant International unit is using AI financing and alternative data to expand credit access for MSMEs
Grandfathers and the inheritance that outlasts wealth
Jeffery Tan - Asia is on the cusp of one of the largest intergenerational wealth transfers in history. By some estimates, trillions of dollars will pass from one generation to the next in the coming decades. But amid the fixation on assets, portfolios and inheritance planning, a more enduring question risks being ...
Reading between China’s red lines
Stephen S Roach - Chinese President Xi Jinping sent an unmistakably tough message on Taiwan to US President Donald Trump during their recent summit in Beijing. Xi warned that if the issue was handled poorly, China and the US would “collide or even clash”, creating an “extremely dangerous situation”. He stress ...
