Franklin Templeton to acquire CoinFund spinoff to expand crypto push
April 1 : Investment manager Franklin Templeton said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its expansion into digital assets.The deal comes as traditional financial firms ramp up their presence in cryptocur ...
Wall St opens higher as Iran war resolution hopes lift sentiment
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 1), building onto their biggest one-day jump in nearly a year...
Automakers unveil new EVs for US market despite sales downturn
NEW YORK, April 1 : Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp downturn in sales after Washington eliminated a $7,500 EV tax credit.Kia said it would begin selling its lower-priced EV3 in the United States later ...
Kia to sell lower-priced electric vehicle in US
NEW YORK, April 1 : Kia said Wednesday it will begin selling a lower-priced electric vehicle in the United States later this year as automakers work to recharge EV sales.The Korean automaker said at the New York Auto Show it will offer the EV3 in the U.S. market starting later this year. Automakers ...
Intel to buy back Apollo stake in Ireland factory for $14.2 billion
April 1 : Intel said it would spend $14.2 billion to buy back the 49 per cent stake it sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant as its finances improve and AI drives demand for its processors.Apollo had in 2024 spent $11.2 billion to ...
Thailand seeks more LNG from Malaysia, energy officials say
[KUALA LUMPUR] Thailand is actively seeking additional LNG supplies from Malaysia following disruptions caused by the ongoing Middle East conflict, Thai energy...
Hasbro investigates cybersecurity incident, takes some systems offline
Hasbro says investigating cybersecurity incident
April 1 : Toymaker Hasbro said on Wednesday it was investigating a cybersecurity incident after identifying unauthorized access to its network on March 28, with help from third-party cybersecurity professionals.It said it had taken some systems offline and was using temporary measures to keep taking ...
Factory input costs soar worldwide as Iran war snarls up supply chains: surveys
The findings highlight the challenge facing Asia, as the region accounts for about 80% of the oil transiting the Strait of Hormuz
Bugis Junction Towers put on the market at S$685 million valuation
Kalpana Rashiwala - This works out to S$2,750 psf on net lettable area and a net yield of around 3.5% for the fully let office...
India's Wipro names AI chief, head of 'Americas 2' unit quits
India's Wipro names Nagendra Bandaru as CEO of AI segment
(Corrects typographical error in media packaging code)April 1 : Indian IT services firm Wipro on Wednesday named insider Nagendra Bandaru as the CEO of its AI segment.
SpaceX seen as make-or-break test for mega IPOs
April 1 : The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough. The last company to make a market debut at over a trillion dollar valuation was Saudi Aramco in 2019.An over "trillion-dollar" valuation, a CEO with a cult-like retail followin ...
Trump says US may exit Iran war soon, threatens to quit Nato
IEA’s head says the main issue so far from Teheran’s closure of the Strait of Hormuz is the lack of jet fuel...
Trump says US may exit Iran war soon and threatens to quit Nato, as oil crisis escalates
Hit to global oil supply will double this month, IEA says
Swiss finance minister sues for defamation over Grok-created post
ZURICH, April 1 : Swiss Finance Minister Karin Keller-Sutter has filed a criminal complaint for defamation and insult after an X user published an obscene post about her created by Elon Musk's chatbot Grok, a spokesperson for her ministry said on Wednesday.On March 10, an X user urged Grok in G ...
PetroChina plugs Singapore plant’s shortfall with crude from China storage, trackers say
The tanker New Merit hauls 1.8 million barrels of crude from Dalian to Jurong Island
India's Maruti Suzuki warns of price hikes as Gulf war raises costs
NEW DELHI/BENGALURU, April 1 : India's top carmaker, Maruti Suzuki, said on Wednesday that it will likely raise prices as the Middle East war has pushed up commodity prices, wiping out gains from last year's consumption tax cuts.The Iran war has driven up the prices of everything from oil ...
Nio deliveries rise 136% in March; Q1 volume nearly doubles
Shikhar Gupta - Cumulative deliveries reach 1,081,057 as at Mar 31
Unilever and McCormick investors find US$65 billion food deal hard to swallow
Analysts and investors cite concerns over deal structure, integration challenges, and regulatory risks
Microsoft to invest US$5.5 billion in Singapore to deepen AI push
Young Zhan Heng - The investment, which runs till 2029, will go towards expanding cloud and artificial intelligence infrastructure, as well as talent development
Shell in advanced talks with Venezuela for more gas areas
It could make a decision on the flagship project by the end of this year
Singapore stocks rebound on optimism over Iran war resolution; STI up 1.8%
Ranamita Chakraborty - Across the broader market, gainers outnumber decliners 468 to 176 after 1.7 billion securities change hands
Tesla Q1 deliveries seen rebounding nearly 10% from year-ago slump
PetroChina plugs Singapore plant's shortfall with crude from China storage, trackers say
SINGAPORE: PetroChina has supplied a rare cargo of close to 2 million barrels of crude oil from storage in China to its half-owned refinery in Singapore, as the firm moves to plug shortfalls triggered by the Iran war, accordi
High-profile Singaporean auto exec Soh Wei Ming’s EV brand BeyonCa ceases operations
Derryn Wong - China-based luxury EV maker has reportedly ceased operations and left employees unpaid
Singapore plays neutrality card to vault central bank gold, elevate bullion hub status
Benicia Tan - Emphasising sovereign-grade vaulting, internationally aligned standards can set the Republic apart: analysts
BYD's vehicle sales slide extends in March
BEIJING, April 1 : BYD was stuck in a sales decline for the seventh straight month, Reuters calculations show, as the Chinese electric vehicle maker struggled with elevated competition in the world's largest auto market. Vehicle sales dropped 20.5 per cent last month from a year earlier to 300, ...
Pakistan's consumer price inflation hastens to 7.3% on-year in March
ISLAMABAD, April 1 : Pakistan's CPI inflation quickened to 7.3 per cent year-on-year in March, compared to a 7 per cent on-year rise in February, data from the statistics bureau showed on Wednesday.
South Korea to tighten public-sector driving curbs as energy alert raised
SEOUL, April 1 : South Korea said on Wednesday it would further tighten driving restrictions for public sector workers, as Asia's fourth-largest economy raised its resource security crisis alert in the face of the Middle East crisis. South Korea is raising its energy security alert to a "w ...
Hong Kong Feb retail sales jump 19.3%, seen support from visitor growth
April 1 - Hong Kong's retail sales by value jumped 19.3 per cent in February from a year earlier, the 10th month of gains, with sales by most broad types of retail outlet registering growth, government data showed on Wednesday.* It was the biggest percentage rise since June 2023, when retail sa ...
New BOJ board member warns of stagflation risk from Iran war
TOKYO, April 1 : Japan may face stagflation risks from the Iran war that would be challenging to deal with using monetary policy, new Bank of Japan board member Toichiro Asada said on Wednesday.With Japan having emerged from deflation and now facing inflation, the BOJ can no longer focus solely on k ...
India hikes jet fuel, commercial LPG cost
NEW DELHI: India's oil ministry said Wednesday (Apr 1) that domestic jet fuel prices would rise as the Middle East war pushed up energy costs, but that it had cushioned airlines from an expected 100 per cent jump.Aviation t
AI and gender inequality: DBS’ Tan Su Shan and former Singapore president Halimah Yacob look at rising risks
Jermaine Fok - Their discussion at DBS International Women’s Day event also covers issues such as female representation in leadership roles
