US senator presses TikTok US joint venture and Oracle on user data safeguards
WASHINGTON, May 29 : U.S. Democratic Senator Ed Markey on Friday formally asked TikTok's newly formed U.S. joint venture and cloud computing giant Oracle to explain how they are protecting the personal data of American users and preventing foreign entities from influencing which videos American ...
Democratic senator wants TikTok US JV, Oracle to answer questions on platform safeguards
WASHINGTON, May 29 : Democratic senator Ed Markey on Friday asked a TikTok U.S. joint venture and Oracle to answer questions about the security of the data from Americans using the short video platform and efforts to prevent foreign manipulation of its content recommendation algorithm.TikTok's ...
Fed’s Bowman says too soon to judge inflation impact of Iran war
The US war in Iran has pushed up energy prices
Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant
DETROIT, May 29 : A battery plant partly owned by General Motors is delaying the return of hundreds of workers in northeast Ohio amid continued weak demand for electric cars.Workers at the Ultium Cells plant in Warren, Ohio, jointly owned by GM and LG Energy Solution, are now being told they will be ...
Wall St edges higher at open with Mideast deal updates in focus
[NEW YORK] Wall Street’s main indexes opened higher on Friday (May 29), after closing at record highs the previous session, with markets...
Danish pension fund excludes SpaceX citing governance and valuation
COPENHAGEN, May 29 : Danish pension fund Akademikerpension said on Friday it had placed SpaceX on its portfolio exclusion list ahead of the company's initial public offering, citing concerns about the governance structure and what it said was an overvalued stock.• Market indications point to ...
Concord New Energy to sell S$158.2 million in assets to Industrial Bank Financial Leasing
Ranamita Chakraborty - In this sell-and-leaseback deal, a CNE unit will lease the assets back for a period of 14 years
Intel, 3DGS to set up $3.3 billion substrate plant in India's Odisha state
NEW DELHI, May 29 : U.S. chipmaker Intel and 3DGS Inc. USA will invest about $3.3 billion to set up a substrate manufacturing plant in the eastern Indian state of Odisha, the Indian government said on Friday.Here are some details:• The project is expected to create more than 1,800 direct high-skil ...
Global equity funds draw weekly inflows as AI rally boosts sentiment
May 29 : Global investors returned to equity funds in the week to May 27 after a week of outflows, as a rally in AI-linked stocks revived demand, though caution over U.S.-Iran peace negotiations kept buying in check.Investors bought a net $457.57 million in global equity funds, compared with a net o ...
More overvalued IPOs set for this year as STI solidifies its move above 5,000
Goola Warden - The Straits Times Index has solidified its move above 5,000, although it continues to hover around 5,040, ending the week of May 25-29 at 5,037, down 31 points week-on-week. A break above the four-times-tested resistance at the 5,030-5,040 range sets an upside of around 5,740 initially, and 6,000 su ...
Fed’s Schmid says officials must signal commitment to inflation
FEDERAL Reserve Bank of Kansas City President Jeff Schmid said he remained focused on elevated inflation and officials should make it clear...
Samsung, SK rally sparks forced selling as funds hit limits
Combined, they have US$58.6 billion worth of net outflows this year
Indian court ruling on Google keyword ads could reshape online advertising
NEW DELHI, May 29 : An Indian court ruling that Google infringed the trademark rights of a bathroom fittings maker by allowing rivals to use its name as an advertising keyword could reshape the online ads market, Indian businesses said on Friday.The court ordered Google to pay damages of $31,600 in ...
Singapore stocks end higher amid mixed regional showing; STI up 1%
Across the broader market, gainers outnumber losers 390 to 204, as 2.1 billion securities worth S$4.5 billion change hands
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Therese Soh - The closure will likely affect group revenue for FY2027
Japan spent $73 billion in yen-buying intervention, ministry data shows
TOKYO, May 29 : Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only limited effect as the currency hovers near the same levels that prompted Tokyo to act. Ministry of Finance data released on Frida ...
Nomura seeks US fund management acquisitions as part of global expansion
TOKYO, May 29 : Japan's Nomura Holdings is looking for acquisition targets for its investment management business in the U.S. to build on last year's $1.8 billion buyout of Macquarie's U.S. and European public asset management businesses, its chief executive said on Friday."Havin ...
Singapore, Vietnam need shared model to engage businesses, academia in tech cooperation, says To Lam
Goh Ruoxue - The countries’ parallel ambitions create stronger basis for collaboration, adds Singapore Manpower Minister Tan See Leng
Bank of England’s Bailey says allowing inflation to run above target is appropriate
Keeping interest rates on hold was already affecting the economy, he said
Here's how Tyrannosaurus ended up with a big head and small arms
May 29 : Tyrannosaurus rex possessed a preposterously massive skull - 5 feet long (1.5 meters) and built to enable bone-crunching bite force - but presented preposterously puny arms. And many other meat-eating dinosaurs shared this mismatched combination of traits. So how did this come to be?Researc ...
Sembcorp increases Vietnam-Singapore Industrial Parks
Lin Daoyi - Sembcorp Development, through its Vietnam-Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received investment approvals to develop four new VSIPs — VSIP Hai Phong II, VSIP Ha Nam Integrated High-tech Park, VSIP Nghe An IV and VSIP Binh Duong IV. Located in Vietnam and ranging ...
Lincotrade secures $16.8 mil worth of new projects in 3QFY2026; order book increased to $107 mil
Teo Zheng Long - Lincotrade & Associates Holdings (SGX: BFT ) announced that it has secured seven new contracts with an aggregate value of $16.8 million for the three-month period from Jan 1 to March 31 (3QFY2026). With the latest wins, Lincotrade’s order book increased to $107 million as at March 31, compared ...
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Kalpana Rashiwala - The price is nearly double the S$38.8 million Chrissy Luo paid for the property in 2011
OCBC stays ‘buy’ on CLAS after ‘opportunistic divestment’ of 336-key Clarke Quay hotel
Jovi Ho - OCBC Group Research analyst Ada Lim is staying “buy” on CapitaLand Ascott Trust (CLAS) with an unchanged fair value estimate of 95 cents after its “opportunistic divestment” of The Robertson House by The Crest Collection in Singapore for $360 million, announced on May 29. The sale price of t ...
'Year of carry': JP Morgan backs Asia credit after first-quarter slip
Belle Neo - Asia credit markets slipped in 1Q2026, ending the quarter down 0.5% and breaking four straight quarters of gains, as the Middle East conflict widened spreads by 19 basis points and pushed US Treasury yields up 18 basis points, according to JP Morgan’s Asia Credit Outlook 2Q2026. Despite the losses ...
Dell shares soar 30% as AI server demand, price hikes power stellar quarter
May 29 : Dell's shares surged 30 per cent on Friday, as the PC maker's blockbuster results showed that its growing focus on AI servers was helping it capitalize on the data center boom, making the company one of the biggest beneficiaries of the new technology.The company, whose AI servers ...
Dell shares soar 33% as AI server demand, price hikes power stellar quarter
May 29 : Dell's shares surged 33 per cent on Friday as the PC maker's blockbuster results showed that its growing focus on AI servers was helping it capitalize on the data center boom, making the company one of the biggest beneficiaries of the new technology. The company, whose AI servers ...
Dell rallies about 40% on strong Nvidia‑powered AI server demand
May 29 : Shares of Dell Technologies soared nearly 40 per cent in premarket trading on Friday, after robust demand for its Nvidia-powered AI servers prompted the company to raise its annual revenue and profit forecasts.The AI server and enterprise infrastructure supplier is set to add more than $81 ...
Japan’s Nikkei scales record peak on Mideast, AI optimism
[TOKYO] Japan’s Nikkei share average rose to a record high on Friday, powered by renewed optimism for a near-term peace deal in...
UBS finds record shift in portfolio strategy by global family offices
Belle Neo - Family offices worldwide are making measured adjustments to their portfolios in response to an increasingly uncertain global environment, according to the UBS Global Family Office Report 2026. Drawing on insights from 307 family offices across over 30 markets, each with an average net worth of US$2. ...
Bank of Italy talking to AI firms over security risks for banks
ROME, May 29 : The Bank of Italy is in touch with global providers of artificial intelligence technology ahead of the release of new AI models to the financial sector, Governor Fabio Panetta said in his annual keynote speech on Friday.• The central bank launched in recent days discussions with nat ...
Bank of Italy engaging with global AI firms, governor says
MILAN, May 29 : The Bank of Italy is in touch with global provides of artificial intelligence technology ahead of the release of new AI models to the financial sector, Governor Fabio Panetta said in his annual keynote speech on Friday.* The discussions aim to ensure new AI models are properly implem ...
Australian shares log best day in seven weeks on Gulf peace hopes
AUSTRALIAN shares booked their best session in seven weeks on Friday (May 29), as news of a potential deal to extend the...
AI can boost Italy's weak labour productivity, central bank chief says
ROME, May 29 : Artificial intelligence can significantly boost Italy's weak labour productivity, the country's central bank governor Fabio Panetta said on Friday.• Panetta was speaking at the Bank of Italy's annual assembly.• He said under a slow-adoption scenario, AI could increa ...
