Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
June 23 : The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk's SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut.SpaceX, which is expected to join the ...
PropNex appoints new independent director in board reshuffle
Ry-Anne Lim - The appointment of Danny Lim, a partner in Rajah & Tann, is effective from July
MAS likely to hold in July as Singapore’s May core inflation undershoots forecasts: economists
Tessa Oh - Electricity tariffs set to surge in July after 17 straight months of year-on-year declines
EU to ramp up Meta probe into addictive design, Bloomberg News reports
June 23 : The European Commission is set to escalate a probe into Meta Platforms that alleges its social media offerings are designed to be addictive to children, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Instagram parent has been under fire over concerns about t ...
Fed hike could push yen to 165 per dollar, ex-BOJ policymaker says
BENGALURU, June 23 - The Japanese yen could weaken to 165 per dollar if the Federal Reserve raises interest rates this year, former Bank of Japan policymaker Sayuri Shirai said on Tuesday, as wide U.S.-Japan rate differentials and doubts about Tokyo's appetite for intervention maintain pressure ...
India’s Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secrets
The California-based tech company is investigating the incident and a ‘full analysis’ is ongoing, a source says
Back to Earth for SpaceX? Why the US$2 trillion titan shed US$600 billion in 3 days
Deon Loke - Shares of the Elon Musk-led company fall 16% on Tuesday
EU approves €76 million German state aid for cutting edge semiconductor facility
June 23 : The European Commission approved on Tuesday €76 million ($87 million) of German state aid for QuantumDiamonds GmbH, which is planning to set up a cutting-edge semiconductor testing facility in Munich.• The Commission said QuantumDiamonds had agreed to work with small-and-medium-sized e ...
India 'proactively monitoring' Telegram over concerns about illegal content, government report shows
NEW DELHI, June 23 : An Indian investigation found that Telegram is being used extensively to share child sexual abuse material and perpetrate financial scams, according to a report by the government, which added it was "proactively monitoring" groups on the messaging app.The 35-page repor ...
Civil servants get 0.45-month mid-year bonus, up marginally from 2025
Ry-Anne Lim - Junior staff will receive a one-time payment of up to S$400
Stocks drop as Fed rate bets hit tech royalty; dollar gains
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology shares, including SpaceX, as growing expectations for the Federal Reserve to be more aggressive in tackling inflation drove investors into bonds and the dollar.Futures on the Nasdaq were down more than 2.5 per ...
Stocks fall as chipmakers and tech slump on rate bets
NEW YORK/LONDON, June 23 : Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as profit-taking set in and investors braced for more aggressive Federal Reserve action on inflation.On Wall Street, the tech-heavy Nasdaq led losses, with semiconductor ...
Stocks hit by Fed rate reality check; oil slips
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16 per cent drop in oil prices this month.The STOXX 600 fell 1.2 per cent, under pressure from d ...
South Korea’s Kospi plunges nearly 10% after regulator cautions on leveraged ETFs
The Kospi has risen 94.67 per cent so far this year
Want to invest in private companies? Tokenised shares could be the next frontier
Jean Low - A new model from Wall Street lets investors buy and exit private markets shares without waiting for an IPO
Mega IPOs could turn the tide in public equity issuance: Fidelity manager
Genevieve Cua - George Efstathopoulos says private debt faces headwinds, such as higher interest rates
UN chief calls on AI firms to come clean on environmental costs
AI firms currently rely on voluntary net-zero commitments and renewable electricity targets
Australian shares fall for fourth day as miners, tech drag
Tech stocks fell 4 per cent
European shares slip on Fed hike bets, tech drag
Traders expect the Fed to hike interest rates by a total of 50 basis points by the end of the year
Trek 2000 secures US$350,000 AI renewable energy solutions project in Cambodia
Teo Zheng Long - Trek 2000 (SGX: 5AB ) announced that its wholly-owned subsidiary, Trek Technology (Singapore) Pte Ltd, has entered into an agreement with its Cambodian customer, Our HS Convenience Co Ltd, for the supply, installation and commissioning of a US$350,000 ($453,000) project at the customer's solar ...
Nikkei slides to one-week low as profit-taking hits tech stocks
AI-related shares, which powered the market’s recent surge, led losses
IBM partners with OpenAI on enterprise security AI
IBM’s new security service uses OpenAI to help organisations find and validate software vulnerabilities faster
Heineken names first outsider CEO to lead turnaround amid sales slump
The Dutch brewer is in the middle of a cost-cutting drive which includes shedding about 7% of its global workforce
SIA’s ‘dim sum’ bond: What is it and will it impact investors?
Shikhar Gupta - Benchmark-sized dim sum bonds are typically at least one billion yuan (S$190.1 million)
SIA’s ‘dim sum’ bonds – What are they and how do they impact investors?
Shikhar Gupta - Benchmark-sized dim sum bonds are typically at least one billion yuan (S$190.1 million)
SoftBank’s Masayoshi Son dismisses Musk’s idea for orbital data centres
Orbital data centres cut electricity costs, but power is a tiny fraction of total operating expense
Exclusive-Nissan shelves development of electric Qashqai in cost-cutting drive
TOKYO, June 23 : Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the Japanese automaker trims its lineup and cuts costs.The move to quietly halt development of a fully electric Qashqai comes as traditional rivals an ...
Baht drops to one-year low on expectations of rate gap with US
It weakened as much as 0.5 per cent to 33.09 per dollar, the lowest since May 2025
Indian startup head Kunal Shah appointed as new WhatsApp boss
MUMBAI: Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app's massive user base.The announcement, made Monday night (Jun 22), was accompanied by news that Meta would also lead a
Lazada cuts about 5% of workforce as part of review across South-east Asia markets
Benjamin Cher - The layoffs are not due to any AI initiatives
Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia
Benjamin Cher - The layoffs are not due to any AI initiatives, BT understands
Iran rushes to woo Asia’s largest oil importers after US waiver
Even after months of disruption, the region is not currently short of crude
Tencent in talks to offload Marvelous and other global game bets
Investment in the games sector has dried up after a big expansionary period triggered by the pandemic’s surge in demand
Singtel sells S$1 billion in Gulf Development shares
Young Zhan Heng - This will result in cumulative gains of some S$140 million in equity
