AI or algorithm
Tong Kooi Ong + Asia Analytica - The next time someone casually uses the terms “artificial intelligence” and “AI”, perhaps pause for a moment and ask whether they truly know what AI means — because misusing the term is common these days. Almost every company claims to be “AI-enabled”, “AI-driven” or “AI-powered ...
Wall Street rises, Dow hits record high as Middle East hopes lift sentiment
Semiconductor stocks, which have driven recent Wall Street gains, are mostly higher
The math behind stock valuations
Tong Kooi Ong + Asia Analytica - A simplified valuation model for stocks (as we have often articulated) is Price or Value = E/(r-g) or PE = 1/(r-g) Where:
Risky equity market? Not where you think
Tong Kooi Ong + Asia Analytica - The S&P 500 Index is now near its all-time record high, fuelled by investor exuberance for artificial intelligence-themed stocks. Stock prices — and valuations — have continued to rally, despite high oil prices, which are driving up inflation, and longer-dated interest rates. Rising headline ...
European shares end at more than one-month high on tech boost
Analysts expect a deal that includes opening the Hormuz to lift European equities
What Singapore-structured gender bonds reveal about the future of capital markets
Designing women into finance for inclusive growth
Should Singapore’s senior counsel title include corporate general counsel?
It’s time to reconsider the legal profession’s highest form of recognition
The benefits – and dangers – of optimism
Why you should (almost) always look on the bright side of life
Blue Origin to expand Florida campus with new $600 million facility
May 22 : Florida Governor Ron DeSantis on Friday announced a $600 million expansion of Blue Origin's Rocket Park campus in Cape Canaveral. The expansion comes as Blue Origin rival, Elon Musk's SpaceX, prepares to go public targeting a valuation of $1.75 trillion. Here are a few details on ...
Stocks climb, yields dip as investors focus on some progress in US-Iran talks
NEW YORK/MILAN, May 22 : Major stock indexes rose and Treasury yields eased on Friday as investors weighed the likelihood of a near-term deal to end the U.S.-Israeli war with Iran.Oil prices gained, with uncertainty surrounding the Iran talks still a concern.U.S. Secretary of State Marco Rubio said ...
Shein to buy apparel retailer Everlane
May 22 : U.S. apparel brand Everlane said on Friday it had reached an agreement to be acquired by online retailer Shein, giving the fast-fashion company ownership of a brand known for sustainability and supply-chain transparency.Everlane will remain independent, its CEO Alfred Chang said in a statem ...
USTR Greer sees no immediate chip tariffs but says protection important for sector
MANASSAS, Virginia, May 22 : U.S. Trade Representative Jamieson Greer said on Friday there were no imminent new U.S. tariffs expected to be imposed on semiconductors, but that it was important to protect the sector with duties to facilitate reshoring of chip production.Greer, speaking at a Micron Te ...
India regulator cracks down on seven in social media stock manipulation case
May 22 : India's markets regulator barred seven individuals from the securities market on Friday over allegations they manipulated shares of as many as 82 small companies through social media platforms.Here are the key details:• One Hemant Gupta, his wife, ex-wife and his four children allege ...
Oil prices settle higher on slow progress in US-Iran peace talks
HOUSTON, May 22 : Oil prices climbed on Friday, as investors worried that the U.S. and Iran would be unable to reach a peace agreement that would allow shipping traffic to return to normal in the Strait of Hormuz. Brent crude futures settled at $103.54 a barrel, up 96 cents, or 0.94 per cent. U.S. W ...
Dollar near six-week high amid Iran war jitters
NEW YORK/LONDON, May 22 : The dollar held near six-week highs on Friday as traders weighed the prospects of a near-term deal to end the Middle East war and assessed whether the Federal Reserve would raise interest rates if inflation continued to accelerate.The United States has seen some progress to ...
Google appeals US court ruling on search monopoly
May 22 : Alphabet's Google on Friday appealed a Washington federal judge's ruling that it holds illegal monopolies in online search and related advertising. Here are some details:• Google argued that U.S. Judge Amit Mehta made legal errors in his 2024 ruling, which found the company ille ...
Workday shares jump as AI demand eases investor concerns
May 22 : Workday shares jumped 8.5 per cent on Friday after the enterprise software maker beat first-quarter revenue and profit estimates, easing concerns that AI rivals such as Anthropic could rapidly disrupt demand for traditional vendors.Subscription revenue at the Pleasanton, California-based co ...
Activision shareholders reach $250 million settlement over Microsoft buyout
WILMINGTON, Delaware, May 22 : Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company's former executives and Microsoft shortchanged them when Microsoft acquired the game maker for $75.4 billion in 2023, according to a late Thursday court filing ...
Hyundai to recall over 421,000 US vehicles over software brake issue, NHTSA says
May 22 : Hyundai Motor is recalling 421,078 vehicles in the U.S. over a software error that may cause an unexpected application of brakes, the U.S. National Highway Traffic Safety Administration said on Friday.The recall covers certain 2025-2026 model Santa Cruz, Tucson, Tucson Hybrid, and Tucson Pl ...
UI Boustead Reit, Boustead unit to co-invest in S$104 million Seletar aerospace facility
Evan See - The real estate investment trust may fully purchase the asset after it gets a temporary occupation permit
Analysis:Space ETFs booming in anticipation of SpaceX IPO
PROVIDENCE, Rhode Island, May 22 : Space-themed exchange-traded funds are blasting off, with asset managers rushing to issue new products ahead of the much-anticipated IPO by industry giant SpaceX and investors jumping aboard the space bandwagon.Space-related ETFs have attracted $1.3 billion in new ...
Explainer-From Meta to SpaceX: how dual-class shares keep founders in control
May 22 : The dual-class share structure outlined in SpaceX's IPO filing, which grants CEO Elon Musk outsized control, has revived one of Wall Street's oldest debates - that of corporate governance.While such structures are hardly unusual in corporate America, particularly among founder-led ...
Fed’s Waller says next move as likely to be rate hike as cut
FEDERAL Reserve Governor Christopher Waller said he supports making clear the central bank’s next interest-rate move is just as likely to be...
SGX RegCo sets three year limit on cure period for suspended companies
Teo Zheng Long - The Singapore Exchange Regulation (SGX RegCo) announced that it will require suspended issuers to resolve substantive underlying concerns within three years as it works towards keeping trading suspension to the minimum and giving more certainty to the timeline for delisting. SGX RegCo explains that ...
Analysis:ECB, banks rift hampers Europe's efforts to loosen reliance on US payments giants
MADRID/MILAN, May 22 : Europe's push to curb its dependence on U.S. payments giants Visa and Mastercard has driven a wedge between the European Central Bank and financial firms keen to shield revenues, hobbling efforts to build a home-grown system, several people involved said.A surge in cashle ...
China probes 'illegal' brokers in cross-border trade crackdown including Tiger Brokers
Regulators say the brokers had conducted securities-related business in China "without obtaining the necessary approvals or licences".
Attika Group plans one-for-one bonus share issue
Teo Zheng Long - Attika Group (SGX: 53W ) is planning for a one-for-one bonus share issue to enhance affordability and accessibility for investors. With this proposed bonus issue, the company’s total share base is expected to double to 269,752,000 shares. Attika Group explains that this proposed bonus issue is bei ...
The Hour Glass reports FY2026 earnings of $179.5 mil, up 32% y-o-y; declares final dividend of 4 cents
Teo Zheng Long - The Hour Glass (SGX: AGS ) has reported earnings of $179.5 million for the FY2026 ended March 31, up 32% y-o-y. Earnings per share was up 33% to 22.79 cents in the same period. Revenue rose 15% y-o-y to $1.34 billion driven by stronger sales momentum while profit before taxation was up 34% y-o-y to ...
Wall St rises at open, Dow hits record high
[NEW YORK] Wall Street’s main indexes opened higher on Friday (May 22) with the Dow hitting an intraday record high as investors...
Chicks hatch from artificial egg as US company aims to revive extinct species
WASHINGTON, May 22 : A U.S. company said more than two dozen healthy baby chickens have hatched from an artificial egg platform it has developed in what it calls a pivotal step in its plan to bring back the South Island Giant Moa, a large flightless bird from New Zealand that went extinct centuries ...
European Commission proposes Russia sanctions reprieve for dealings with Chinese chips firm
BRUSSELS, May 22 : The European Commission proposed a nine-month derogation on dealings with a Chinese semiconductor company listed in its 20th package of sanctions against Russia, a Commission spokesperson said on Friday. The company, Yangzhou Yangjie Electronic, will remain on the European Union&# ...
ComfortDelGro's largest shareholder tops up stake with open market buying at average of $1.29
The Edge Singapore - Silchester International Investors, the largest shareholder of ComfortDelGro, has taken advantage of a recent drop in the share price to further add to its stake. On May 21, the asset manager paid an average of $1.2908 to buy nearly 1.94 million shares. This brings its total holdings to around 196.8 ...
STI breaks out as investors baulk at JustCo’s high PE ratio
Goola Warden - There was good news and bad news in the market on Friday, Mar 22. The good news is that the Straits Times Index has broken out of a four-times-tested resistance at the 5,030-5,040 range, setting an upside of around 5,740 initially, and 6,000 subsequently. Since both 21-day RSI and quarterly momentum ...
AI driving productivity gains with steady headcount, Epsilon India head says
BENGALURU, May 22 : Epsilon, the technology and marketing services arm of Publicis Groupe, is delivering significantly more with roughly the same headcount as AI raises productivity across software development and operations, its India managing director Pratik Nath said on Friday.Multinational compa ...
