British tech company Humanoid targets US IPO by 2030
May 13 : British technology company Humanoid is considering an initial public offering in the United States in 2029 or 2030 as it ramps up production and works through a growing industrial order book, its CEO said on Wednesday.Artem Sokolov told Reuters the company preferred a U.S. listing venue. He ...
Oil little changed as Trump visits China
The International Energy Agency said global oil supply would not meet total demand this year
AEM's 1QFY2026 earnings surge 329.4% y-o-y
The Edge Singapore - Chip tester AEM Holdings has reported earnings of $14.35 million for its 1QFY2026, a 329.4% y-o-y jump, on the back of a 35% increase in revenue to $116.9 million, as it fulfilled more orders from its key customers. In anticipation of a better year, AEM has raised its GY2026 revenue guidance by arou ...
Tesla authorised to test supervised self-driving software in Belgium
BRUSSELS, May 13 : Tesla has been authorised to test its supervised self-driving software on one car on the roads of Belgian region of Flanders as part of a the general authorization process, a spokesperson for regional minister Annick De Ridder said on Wednesday.• The U.S. company could start tes ...
Trump to hold talks with Xi as first day of China trip begins, trade high on the agenda
The US president’s entourage includes CEOs of major US firms, such as Jensen Huang and Elon Musk
Trump lands in China for Xi summit with billionaire CEOs in tow
Those accompanying the US president include Jensen Huang, Elon Musk
Shedding the iconic ‘Cycle & Carriage’ will be a loss – but perhaps a necessary one for Jardine
Jude Chan - Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings
Tower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip deals
May 13 : Tower Semiconductor on Wednesday forecast second-quarter revenue above estimates and said it landed $1.3 billion in deals for 2027 to supply chips that use light to move data at high speeds through artificial intelligence data centers.Strong demand for its analog and mixed-signal processors ...
Jack Ma-backed Ant’s profit fell 79% on AI, health care costs
Ant has been investing in AI to find new revenue streams
Tencent Q1 revenue miss heightens pressure for AI payoff
The figure is up 9% at 196.5 billion yuan, less than the average analyst forecast of 199.4 billion yuan
Fitch cuts Bangladesh's outlook to 'negative' on Middle East conflict risks
May 13 : Credit ratings agency Fitch revised Bangladesh's outlook to "negative" from "stable" on Wednesday, citing rising macroeconomic and external financing vulnerabilities stemming from the conflict in the Middle East.The ratings agency said Bangladesh faced significant d ...
Ex-BOJ chief Kuroda sees yen intervention impact as short-lived
[TOKYO] Japan’s recent foreign exchange intervention may have kept the yen from sliding below the 160-per-dollar mark but it is unlikely to...
Middle East war hits ComfortDelGro’s UK taxi business; Q1 profit down 16.1%
Sharanya Pillai - However, its public transport segment shows improvement with revenue up 7.2%
AI cloud firm Nebius reports near eightfold revenue surge, shares jump
May 13 : Nebius Group reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from increasing demand for artificial intelligence infrastructure and cloud services, sending its shares up 14 per cent in early trading. The Amsterdam-based neocloud company is racing to secure capa ...
AI cloud firm Nebius reports near eightfold revenue jump, shares surge
May 13 : Nebius Group reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from rising demand for artificial intelligence infrastructure and cloud services amid a boom in enterprise spending on the technology.Shares of Amsterdam-based Nebius soared 13 per cent in premarket ...
Nebius reports higher quarterly capex on AI cloud expansion
May 13 : Nebius Group on Wednesday reported higher-than-expected first-quarter capital spending, driven by investments tied to the procurement of graphics processing units and data center hardware for its core AI cloud business.The company has grabbed a slice of the lucrative AI and cloud infrastruc ...
Daiwa House Logistics Trust posts 12.4% fall in Q1 NPI on weaker foreign currencies
Deon Loke - Also cited for the decline is a lower contribution from its Japan portfolio
Singapore stocks end higher despite Genting disappointment; STI up 1.2%
Jude Chan - The Resorts World Sentosa operator falls 10.1% to close at S$0.62, after posting a 55% drop in Q1 net profit
Genting Singapore shares down 10% on heavy volume; launches buyback of 4 mil shares
The Edge Singapore - Genting Singapore shares dropped by just over 10% on May 13 after reporting weaker 1QFY2026 earnings, which triggered a wave of downgrades from analysts. Genting Singapore shares dropped to as low as 61 cents before gaining just that slightly to close at 62 cents for the day, extending a drop of mor ...
Google unveils new android AI features ahead of Apple’s Siri revamp
This includes advanced capabilities for Gemini AI, redesigned emojis and improved Instagram video quality
Roundhill fund becomes fastest-growing ETF ever as retail investors seek semiconductor exposure
PROVIDENCE, Rhode Island, May 13 : Individual investors who can't seem to get enough of the red-hot market for semiconductor stocks have made a five-week-old exchange-traded fund the most successful ETF launch in history, according to market data and analysts.Since its launch on April 2, the Ro ...
ComfortDelGro posts 16.1% drop in 1QFY2026 patmi to $40.5 mil amid ‘challenging start’
Felicia Tan - ComfortDelGro has reported patmi of $40.5 million for the 1QFY2026 ended March 31, 16.14% lower y-o-y, amid a “challenging start” to 2026. Revenue, however, was up by 5.13% y-o-y to $1.23 billion driven by long-term contracts from the group’s public transport segment, offset by “challenges ...
Ex-BOJ chief Kuroda says yen unlikely to fall below 160 per dollar
TOKYO, May 13 : Former Bank of Japan Governor Haruhiko Kuroda said on Wednesday it was unlikely the yen would weaken beyond 160 per dollar as authorities appeared to be defending that level with currency intervention."My belief is that a dollar/yen rate around 120-130 is seen as an equilibrium ...
Analysis:Sizzling semiconductor trade at risk of cooling - and stalling US stocks rally
NEW YORK, May 13 : A stunning run-up in shares of semiconductor companies has helped drive the U.S. stock rally, but the eye-popping gains are sparking concerns about an overheated market and prompting some investors to prepare for a pullback.The latest wave of artificial-intelligence market enthusi ...
US SEC, Musk to argue for Twitter settlement before DC judge
WASHINGTON, May 13 : Attorneys for the U.S. Securities and Exchange Commission and Elon Musk will appear before a federal judge on Wednesday to argue for their $1.5 million settlement over the billionaire's purchase of Twitter, potentially shedding further light on the years-long dispute betwee ...
Tencent profit misses forecasts as higher spend offsets gaming gains
BEIJING: Tencent Holdings reported a 9 per cent rise in first-quarter revenue to 196.5 billion yuan (US$28.94 billion) on Wednesday (May 13), but fell short of the 198.96 billion yuan forecast by analysts.The Shenzhen-based company's revenue growth was driven by a strong gaming performance, wit ...
Vietnam EV maker VinFast says it will undergo corporate restructuring
The deal is expected to close in the third quarter of 2026
Singapore's SDAV for April up 6% y-o-y to $2.1 bil
The Edge Singapore - Singapore's securities daily average value (SDAV) was up 6% y-o-y to $2.1 billion in April, led by growing trading interest of small and mid caps, which was up 8% y-o-y to mark the highest proportion of cash equities turnover since July 2021, says the Singapore Exchange in its monthly market st ...
South-east Asia’s e-commerce market to hit nearly US$290 billion by 2029: study
Meera Pathmanathan - But as digital payments dominate, ‘uneven digital maturity’ is preventing SMEs from capitalising on growth
Blackstone drops $4 billion New World deal, Bloomberg News reports
May 13 : Blackstone has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development after the struggling property developer refused to hand over the reins, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Nations drawing down oil stocks at record pace: IEA
PARIS: Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said on We
ECB urges banks to quickly prepare for AI-assisted cyberattacks
FRANKFURT, May 13 : European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic's Mythos AI model or similar tools.Elderson, who is vice chair of the ECB's bank supervision arm ...
ECB urges banks to brace quickly for AI-assisted cyberattacks
FRANKFURT, May 13 : European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic's Mythos AI model or similar tools.Elderson, who is Vice Chair of the ECB's bank supervision arm ...
ECB's Elderson urges euro area banks to quickly prepare for Mythos
FRANKFURT, May 13 : European Central Bank board member Frank Elderson on Wednesday urged banks in euro area to quickly prepare for potential cyber attacks made with the help of Anthropic's Mythos AI model or similar tools.Elderson, who is Vice Chair of the ECB's bank supervision arm, said ...
