Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
June 12 : Streaming platform Roku is in talks to sell itself, including a possible media tie-up, Bloomberg News reported on Friday, citing people familiar with the matter. The company, whose shares jumped 22 per cent, has been in discussion with at least one U.S. media company about a potential comb ...
Microsoft has considered spinning off Xbox, the Information reports
June 12 : Microsoft is considering options for its Xbox gaming unit, including a potential spinoff or restructuring as a wholly owned subsidiary, the Information reported on Friday, citing three people with direct knowledge of the discussions.The Windows maker is also weighing options such as creati ...
Space stocks slump as blistering rally cools after SpaceX market debut
June 12 : U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX's market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO.The Elon Musk-led company jumped 28 per cent, clinching a valuation of over $2 trillion as both in ...
World Cup fans caught up in SpaceX IPO spectacle in New York
NEW YORK, June 12 : Soccer fans expecting little more than selfies and street noise in Times Square instead found themselves swept into another global spectacle on Friday, the blockbuster stock market debut of Elon Musk’s SpaceX.Clusters of supporters in national colours, in town for World Cup mat ...
Google to challenge German ruling saying it is liable for AI-generated false claims
BRUSSELS, June 12 : Alphabet's Google will appeal a German court ruling which said it is legally liable for false claims appearing in AI Overviews, the U.S. tech company said on Friday, in a case that will likely impact other artificial intelligence developers.The challenge came after a Munich ...
Brazil's Nubank says false message on liquidation resulted from operational error
SAO PAULO, June 12 : Brazilian digital lender Nubank said on Friday it was aware of an erroneous message sent to customers claiming the firm was liquidated by the country's central bank, adding the incident resulted from an "one-time operational error."In a statement, Nubank, which is ...
Man jailed in UK for encouraging US suicide via Discord chat platform
LONDON, June 12 : A British man was jailed on Friday for encouraging the suicide of a vulnerable 21-year-old man in the United States during an online video call in which the victim was urged to shoot himself, prosecutors said.Dylan Phelan, 21, admitted encouraging Travis Dyer to take his own life i ...
Lost Gulf oil exports far smaller than thought, traders and shippers say
LONDON, June 12 : Since the start of the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a figure on lost crude supply and to predict the price of oil.Initial calculations were simple: add up all non-Iranian Gulf crude oil expo ...
Analysis:Gold's record rally falters as bulls run into Fed rate expectations, stronger dollar
LONDON, June 12 : Expectations for U.S. monetary tightening and a strong dollar have taken some wind out of the "perfect storm" powering an upswing in gold since 2023, leaving prices in vulnerable territory around $4,000 per ounce as the interest rate backdrop unfolds. Gold's reversal ...
Zimbabwe moves to regulate cryptocurrency sector
HARARE, June 12 : Zimbabwe's government said on Friday it will require cryptocurrency businesses to register and pay annual fees, as it seeks to bring the largely informal market under regulatory oversight. Businesses involved in buying, selling, transferring or safeguarding virtual assets must ...
SpaceX set to surge past US$2 trillion valuation in blockbuster Nasdaq debut
SPACEX was on course to blow past US$2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the...
Meta's social networks recover after brief outage
June 12 : Meta's social media platforms are recovering after a brief outage that affected thousands of users on Friday, according to outage tracking website Downdetector.com.A company spokesperson said earlier in the day that Meta was working to fix the issue. The outage started around 9:20 a.m ...
Meta's social networks down for thousands of users
June 12 : Facebook-parent Meta said on Friday that users were having trouble accessing the social media company's services."We're aware people are currently having trouble accessing our services. We're working on it," the company's spokesperson Andy Stone said in a post ...
Fed watch, Anthropic-OpenAI price war, SpaceX IPO, World Cup
Goola Warden - Three global events are coalescing in the week of June 15-19 that are likely to impact the local market. The World Cup and the first week’s performance of Space Exploration Technologies Corporation (SpaceX) are coalescing with the first Federal Open Market Committee (FOMC) meeting presided over by ...
SpaceX’s record IPO said to draw over US$350 billion in demand
SPACEX’s historic US$75 billion IPO drew more than US$350 billion in demand from institutions and retail investors, according to people familiar with...
Italy's Meloni and South Korea's Lee agree to deepen ties in Rome talks
ROME, June 12 : Italy's Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and development cooperation.• The leaders discussed closer cooperation in semiconductors and high-tech sectors inc ...
US stocks: S&P, Dow edge higher on Middle East deal hopes; SpaceX debut in focus
THE S&P 500 and Dow inched higher in choppy trading on Friday (Jun 12), buoyed by expectations for an imminent Middle East...
Sam Bankman-Fried loses bid to overturn crypto fraud conviction
The founder of FTX was a rising star in the crypto industry
A day in the life of an equities analyst
Ranamita Chakraborty - The best ones are analytical thought leaders and good communicators, and comfortable with AI and technology
Scientists decipher ancient origins of the Euphrates River
June 12 : Uruk, the world's first metropolis and the birthplace of written language, was nourished by the Euphrates River, as was Babylon, ancient Mesopotamia's grandest city. The fertile plain between the Euphrates and its companion waterway, the Tigris River, was one of humankind's ...
Nestle India rejects allegations of infestation in its Maggi noodles
NESTLE India on Friday (Jun 12) rejected allegations that insects were found in its Maggi noodles product, after news agency ANI reported...
China markets are ‘much cheaper’, but beware the crackdown on overseas trading: Amundi CIO
Tan Weizhen - The move is a net negative for sentiment, says Vincent Mortier
Revised framework for single family offices to take effect on Jun 15: MAS
Benjamin Cher - Existing SFOs have one year to comply
Europe’s top carmakers urge simple ‘Made in Europe’ rules
In a joint letter, they are calling for 70% of vehicles sold in EU to source 70% of their value from within...
Bank of Japan to consider pausing bond taper next fiscal year, sources say
The BOJ is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s...
ComfortDelGro sees China and Singapore as key robotaxi markets
Derryn Wong - It aims to operate 3,000 autonomous vehicles, comprising 10% of its fleet, by 2030
Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
LONDON, June 12 : Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday.Shares in the "Magnificent Seven" - a group that includes some of the bigge ...
Tech executives to attend G7 summit as leaders address AI, online safety
PARIS, June 12 : AI executives from Anthropic, OpenAI, Google and Mistral AI are expected to attend next week's G7 summit, said officials from France, which is crafting an agenda aimed at discussing the world's crises and broad economic challenges. • Here's a non-exhaustive list of ...
Singapore stocks continue rally on Friday, STI up 0.8%
Benjamin Cher - Jardine Matheson leads the gainers on the blue-chip index, rising 2.3% or US$1.45 to end at US$63.25
Canada's move to rein in AI chatbots, spurred by school shooting, faces doubts over loopholes
OTTAWA, June 12 : Canadian legislation to regulate AI chatbots, introduced this week after national outrage over a school shooting that left nine people dead, has raised doubts among academics and legal experts who warn that loopholes and its lengthy time frame may undermine the effort.Public pressu ...
How Musk's tactics left investors clamoring for SpaceX stock and ignoring risks
NEW YORK, June 12 : In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut this week.One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire ent ...
Danantara Indonesia unit will not take over contracts in new export plan, meeting minutes show
JAKARTA, June 12 : A unit of Danantara Indonesia assigned to handle strategic commodity exports will not take over existing contracts or customer relationships, according to minutes of a meeting with industry associations seen by Reuters on Friday, easing concerns about potential trade flow disrupti ...
Chips still king of Singapore exports amid non-tech upswing in Asia
The Republic produces one in 10 chips globally and one in five pieces of semiconductor equipment
Global equity funds draw third weekly inflow as investors buy the dip
June 12 : Global equity funds drew inflows for a third straight week, as investors used a market selloff to add exposure to technology stocks on expectations the AI-driven rally will continue.Investors bought a net $3.32 billion of global equity funds in the week through June 10, compared with $21.1 ...
