Oil reverses as Iranian comments interpreted as chance for fresh negotiations
July 20 : Oil prices reversed early gains on Monday after Iran's foreign ministry said negotiations with the U.S. could be pursued based on national interests.Benchmark prices had earlier touched more than one-month highs on concern over disruption to shipments through the Strait of Hormuz.Bren ...
Oil reverses as Iran raises hopes of fresh negotiations
July 20 : Oil prices reversed early gains on Monday after Iran's foreign ministry said negotiations with the U.S. could be pursued based on national interests.Benchmark prices had earlier touched more than one-month highs on concern over disruption to shipments through the Strait of Hormuz.Bren ...
Oil prices extend gains on escalating Middle East hostilities
July 20 : Oil prices rose on Monday to their highest in more than a month, with Brent crude climbing above $90 a barrel as escalating hostilities between the U.S. and Iran restricted oil shipments through the Strait of Hormuz.Brent crude futures were up $1.03, or 1.17 per cent, at $89.13 a barrel by ...
HKEX reviews trading hours to boost market access
July 20 : Hong Kong Exchanges and Clearing (HKEX) is reviewing opportunities to enhance market accessibility, including the trading hours of its markets, a spokesperson said on Monday."HKEX is committed to continuously enhancing Hong Kong's competitiveness as an international financial cen ...
China's Moonshot pauses Kimi subscriptions amid hot demand, IPO push
SHANGHAI: Chinese startup Moonshot AI has temporarily paused new subscriptions after demand for its newly launched Kimi K3 model strained capacity, a bottleneck that comes as the company seeks fresh funding and prepares for a p
Hong Kong mulls longer stock trading hours, ending lunch break
It is proposing to start equities trading 30 minutes earlier at 9 am, and to scrap the one hour lunch break that...
Why organisations like GovTech are moving from projects to products
Low Youjin - The agency’s restructuring has put the spotlight on a growing shift in how tech is built and managed
What Jurong Island can teach us about the future of AI infrastructure
Michael Goh - Global electricity demand from data centres is projected to more than double to around 945 TWh by 2030, roughly equivalent to Japan's entire electricity consumption today. Energy sits at the heart of that challenge. The question for advanced economies is not only how much digital infrastructure ...
China exports 20% fewer magnets to US despite trade truce
Customs data show shipments stabilising in 2026, but still well below levels seen before curbs were introduced
Ryanair quarterly profit slumps by a third on lower fares, higher fuel costs
It reported after-tax profit of 538 million euros (US$616 million) for its fiscal first quarter through June 30
UOB taps banking veteran Judy Chan to lead Hong Kong private wealth push
Shikhar Gupta - The Singapore lender is accelerating its wealth expansion in Greater China
UOB taps 30-year veteran Judy Chan to lead Hong Kong private wealth push
Shikhar Gupta - The Singapore lender is accelerating its wealth expansion in Greater China
Bezos, others invest in Temasek-backed AI startup to discover new materials for chipmaking
CuspAI aims to reduce chipmaking’s use of rare metals with supply chain risks
Blackstone invests in South Korean robotics supplier Futronic
July 20 : Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world's largest alternative asset manager said on Monday. The deal values the South Korean firm at about 1 trillion won ($676.04 million), according to a ...
UOBKH maintains Beng Kuang at ‘buy’ at unchanged 75 cents target
Lin Daoyi - In a July 20 report by analysts Tang Kai Jie and Heidi Mo, UOB Kay Hian (UOBKH) is retaining its “buy” rating at unchanged target price of 75 cents on offshore and marine counter Beng Kuang Marine after meeting its management recently. Tang and Mo note the 1H2026 contract wins worth $85.2 millio ...
Prysmian signs €5.5 billion Molex deal in data center push
ROME, July 20 : Italian cable maker Prysmian has signed a long-term agreement worth up to €5.5 billion ($6.4 billion) with Molex, an electronics company owned by U.S. group Koch, to supply fibre optic cables for data centers.• The deal of up to 10 years includes a €550 million upfront payment, ...
Prysmian signs €5.5 billion Molex deal in data centre push
(Corrects to say Prysmian will generate more than €10 billion in additional cumulative revenue from a broader set of deals and initiatives, not only the Molex agreement, in third bullet.)ROME, July 20 : Italian cable maker Prysmian said on Monday it had signed a long-term agreement worth up to € ...
Singapore sets transparency standard for consumer-facing AI chatbots
Nurdianah Md Nur - Singapore has introduced voluntary transparency guidelines for generative artificial intelligence (GenAI) chatbots, as it seeks to standardise how companies explain their capabilities, limitations and risks to consumers. Published by the Infocomm Media Development Authority (IMDA), the guidelines ca ...
Blackstone agrees to invest in South Korean robotics supplier Futronic
This values the firm at around US$675 million, according to people familiar with the matter
Blackstone agrees to invest in Korean robotics supplier Futronic
This values the firm at around US$675 million, according to people familiar with the matter
Analysis:Could AI chip boom make ASML Europe's first trillion-dollar firm?
AMSTERDAM, July 20 : The global artificial intelligence boom has propelled ASML to the top of Europe's stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them.After blowout second quarter earnings, investor ...
Faishal Ibrahim resigns over online messages with a female member of the public
Zaqy Mohamad will take over as Acting Minister for Muslim Affairs;
China’s Innolight eyes US$8 billion Hong Kong IPO, potentially city’s largest in 7 years
Alibaba Group raised US$12.9 billion in its 2019 Hong Kong listing
China’s Innolight eyes US$8 billion Hong Kong IPO, potentially city’s largest in seven years
Alibaba Group raised US$12.9 billion in its 2019 Hong Kong listing
Why building a new luxury condo to top The Marq on Paterson Hill will be tough
Leslie Yee - While demand for luxury condos exists, snaring a freehold Orchard Road area en bloc site could be tricky
New Zealand meat sales to US surge 60% as American beef herd shrinks
NEW Zealand meat exports surged to a record in the second quarter, boosted by sales to the US where cattle herds have...
Singapore, South Korea reshape Vietnam’s FDI mix as Chinese inflows halve
Hanoi’s push up the value chain is helping Vietnam attract more quality Asian capital in H1
Australia, New Zealand dollars wobble on war jitters, Kiwi inflation data in focus
Markets are 78% priced for a follow-up rate hike from the RBNZ in September
UOBKH nudges SIA target price up S$0.10 on second quarter optimism
Shikhar Gupta - The brokerage, however, maintains a ‘hold’ call
Singapore gives businesses a clearer path for using data in AI
Nurdianah Md Nur - Singapore has issued new guidelines and playbooks to help companies use artificial intelligence (AI) while managing personal data risks. “Without good data, even the best systems will struggle to produce useful outcomes. Garbage in, garbage out. That is why data governance matters more, not less, ...
China’s securities regulator vows to maintain stability after market rout
The authority will prevent risks in the capital market, boost supervision and safeguard open, fair and just market order
China securities regulator to hold market stability meeting, state media reports
The China Securities Regulatory Commission has called for a meeting to hear proposals on market development
Oil jumps on Iran strikes, Hormuz shipping incident
HONG KONG: Oil prices surged in early Asian trade on Monday (Jul 20) after the United States struck Iran for a ninth consecutive night and a vessel caught fire in the Strait of Hormuz.The gains reflected gr
China leaves benchmark lending rates unchanged for 14th consecutive month in July
The one-year loan prime rates remained at 3 per cent
