Yen falls to 160 level, prompting warnings from Japanese officials
LONDON, June 3 : Renewed strength in the dollar pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders on alert for intervention, as fresh Gulf hostilities bolstered demand for the greenback.The U.S. said Iran launched ballistic ...
Non-US dollar stablecoins can thrive where financial inefficiencies remain, including in Asean: StanChart
Evan See - The bank’s digital assets executives back faster settlement across remittance corridors as a main use case
Non-USD stablecoins can thrive where financial inefficiencies remain, including in Asean: StanChart
Evan See - The bank’s digital assets executives back faster settlement across remittance corridors as a main use case
Amazon launches Prime in South Africa for under $4 a month
June 3 : E-commerce giant Amazon.com said on Wednesday it has launched its paid Prime service in South Africa, offering faster deliveries and media content for 59 South African rand ($3.61) a month or 399 rand a year. Here are some details: • Amazon Prime is already available in 26 other countries ...
OECD cuts 2026 global growth forecasts over Mideast war fallout
If energy disruption persists well into next year, some economies could fall into outright recession, with Asian countries reliant on Middle East energy supplies expected to be hit hardest.
KPMG Australia COO steps down amid growing audit client leak scandal
Fallout widens over whistleblower claims of client data misuse
Who is watching your shadow employee?
Lee Anstiss - It often starts with convenience. An employee downloads an artificial intelligence (AI) tool promising to triage emails and automate routine responses. Within minutes, it is connected to the company’s inbox, quietly ingesting data, learning workflows and acting on the user’s behalf. Just like th ...
Meta scales back plan for internal mouse-tracking tech, citing staff concerns
New controls allow employees to pause data collection for up to 30 minutes or request exemptions from the initiative
Nippon Paint, Sherwin-Williams end takeover pursuit, AkzoNobel shares tumble
TOKYO/GDANSK, June 3 : Nippon Paint and Sherwin-Williams said on Wednesday they had decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel.Shares of the Dulux paint maker fell more than 20 per cent in early trade after being halted initially, and were set for their worst-e ...
Nippon Paint, Sherwin-Williams end pursuit of AkzoNobel after rejection
TOKYO, June 3 : Nippon Paint and Sherwin-Williams said on Wednesday they had decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel.Shares of the Dulux paint maker fell more than 20 per cent in early trade after being halted initially, set for their worst-ever trading day ...
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 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 could face 12.5% US tariff after forced labour trade probe
The proposed levy is subject to comments and hearings that start in July
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.
