Meta loses challenge against EU gatekeeper label for Messenger
BRUSSELS, June 3 : Meta Platforms lost its fight on Wednesday against the EU's labelling of its Messenger app as a powerful 'gatekeeper', which places obligations on tech companies with significant influence.Europe's second-highest court upheld the European Commission's find ...
EU court backs Meta fight against gatekeeper label for Marketplace, but not for Messenger
BRUSSELS, June 3 : Europe's second-highest court on Wednesday backed Meta Platforms' fight against the labelling of its Marketplace platform as a gatekeeper under EU rules but rejected its challenge against the same designation for its messaging app Messenger."The decision does not sa ...
India's IT stocks head for worst day in 4 months on AI disruption worries; TCS plunges 9%
June 3 : India's information technology stocks were headed for their worst day in four months on Wednesday as renewed concerns that artificial intelligence could disrupt traditional software services rattled investors.The IT index was down 5.8 per cent at 29,310.25 points. If losses hold, this ...
India's IT stocks head for worst day in four months; TCS plunges 9%
June 3 : India's information technology stocks were headed for their biggest single-day drop in over four months on Wednesday as investors assessed the impact of AI on demand for traditional software services.The IT index was down 5.8 per cent at 29,310.25 points. If losses hold, this would be ...
DFI’s Guardian stores add Holland & Barrett range as UK brand makes Singapore comeback
Elysia Tan - The British health and wellness brand exited the Republic in March 2025
Holland & Barrett products return to Singapore in tie-up with DFI’s Guardian stores
Elysia Tan - The British health and wellness brand had exited Republic in March 2025
Global funds buy Japan as they flee Asia’s hottest stock markets
Expectations for stronger corporate governance reforms have also been a driver of foreign inflows into the country
US sanctions Iran's largest crypto exchange over IRGC links
LONDON, June 2 : The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent Western sanctions.The new sanctions follow a Reuters investigation published on May 1 which s ...
Indonesian stocks tumble to five-year low, rupiah drops to record
Down about 32% in 2026, the JCI is already the worst performer this year
Google must let UK publishers opt out of AI search under new rules
June 3 : Britain has imposed new conduct requirements on Google's search services, including allowing publishers to stop their content being used to power the U.S. tech giant's AI features, as the watchdog ramps up its oversight.The country's Competition and Markets Authority has flag ...
UK regulator enforces new competition requirements for Google search
June 3 : Britain's competition regulator said on Wednesday it has imposed new conduct requirements on Google's search services, including allowing publishers to opt out of training the U.S. tech giant's AI models, as the watchdog ramps up its oversight.The Competition and Markets Auth ...
US deficits, not de-dollarisation, reshaping bond markets: Franklin Templeton
Jean Low - Issues such as persistent fiscal spending are likely to keep yields elevated, says the firm’s fixed-income CIO
Chinese investors exit Hong Kong stocks as AI woos money onshore
Flows are increasingly shifting to mainland-listed semiconductors and other AI-linked shares
Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan
Ry-Anne Lim - In total, these will yield around 4,575 new private homes
Philippines scores investment pledges, but fading FDI risks missing Asean manufacturing boom
Manila is struggling to convert commitments into hard cash
Singapore among countries facing proposed US levy of at least 10% over forced labour imports
The move is a major step in Trump’s push to reinstate the country-by-country tariffs
US proposes levies of at least 10% over forced labour as Trump rebuilds tariff wall
The move is a major step in Trump’s push to reinstate the country-by-country tariffs
As networks get smarter, telecom resilience will depend on trustworthy AI
Athul Prasad - Resilience in telecom used to mean keeping the network up. Today, that is no longer enough. As AI takes on a bigger role in how networks are managed, operators must keep services seamless even as infrastructure becomes more distributed and data becomes more sensitive. That is exactly the challenge r ...
Gold edges lower as uncertainty clouds talks to end US-Iran war
Bullion has moved largely in an inverse relationship with oil since hostilities broke out in late February
Gold eases on stronger oil as fresh Middle East hostilities erupt
Investors are now awaiting the US non-farm payroll data
Vietnam inflation accelerates in May, trade deficit widens to record high
HANOI, June 3 : Vietnam's inflation rate accelerated in May and its trade deficit widened from April to a record high, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent ...
Vietnam inflation accelerates in May, trade deficit widens
HANOI, June 3 : Vietnam's inflation rate accelerated in May and its trade deficit widened from April, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent in April, the Nat ...
NBA star Steph Curry signs 10-year deal with China's Li-Ning
The Golden State Warriors star called the deal with Li-Ning "the partnership of a lifetime" that will include global expansion of his Curry Brand, basketball products, a golf line, leisure clothing and the ability to sign other athletes to his brand.
Vin’s Holdings’ probe confirms fraud risks linked to S$44,300 irregular transactions involving ex-staff
Therese Soh - An external auditor confirms the transactions have no material impact on FY2025 financial statements issued previously
StanChart sees growth opportunities as firms reduce ‘single points of vulnerability’
Vivien Shiao - The shift is driving demand for cross-border banking in Asia, Africa and the Middle East, says a bank official
Land for 4,745 private homes supplied in H2 2026 GLS confirmed list, including Jurong Lake District white site
Kalpana Rashiwala - The Town Hall Link site will be launched for tender in July to advance the development of Jurong Lake District
RHB's Yeo maintains positive view on Food Empire, gives post-bonus issue target price of $3.36
The Edge Singapore - Alfie Yeo of RHB Bank Singapore has maintained his positive view on Food Empire Holdings, given how the company is well poised to capture growth ahead as it increases manufacturing capacity across various sites. In addition, the company's cost pressure is seen to ease somewhat with coffee price ...
Exclusive-SpaceX plans to set IPO price at $135 per share, targeting record $75 billion raise, source says
NEW YORK, June 2 : In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.The rocket and satellite communications company plans to sell 555.6 mill ...
Exclusive-SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise, source says
NEW YORK, June 2 : In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.The rocket and satellite communications company plans to sell 555.6 mill ...
Exclusive-SpaceX plans to price record-setting IPO at $135 per share, source says
NEW YORK, June 2 : Elon Musk's SpaceX plans to price its initial public offering at $135 per share, selling 555.6 million shares to raise $75 billion in the largest IPO ever, a source familiar with the matter told Reuters.Reuters reported earlier on Tuesday that the rocket and satellite communi ...
Exclusive-SpaceX plans to raise $75 billion in IPO at $135 per share, source says
NEW YORK, June 2 : SpaceX plans to raise $75 billion in its initial public offering by selling 555.6 million shares at a target price of $135 per share, a source familiar with the matter told Reuters.Reuters reported earlier on Tuesday that the rocket and satellite communications company hoped to ra ...
BOJ chief's remarks seen as signalling rate hike this month
TOKYO, June 3 : Bank of Japan Governor Kazuo Ueda said the central bank must discuss the pros and cons of raising interest rates if inflationary risks outweigh downside risks to the economy, in comments that signal a higher chance of a rate hike this month."Japan is currently in a situation in ...
BOJ chief vows to debate pros and cons of rate hike
TOKYO, June 3 : Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank must discuss the pros and cons of raising interest rates if inflationary risks outweigh downside risks to the economy."Japan is currently in a situation in which the secondary spillover effects of inflation ste ...
BOJ chief to deliver key speech as pressure mounts for June rate hike
TOKYO, June 3 : Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy.The speech, due at 0830 GMT, is in f ...
