Australia's CBA flags surging AI costs as tasks grow complex, slams 'work slop'
SYDNEY, June 2 : The cost of using AI will rise in less predictable ways as companies deploy the technology for complex tasks, the head of Australia's biggest bank said on Tuesday, calling the expense a key emerging management challenge.Commonwealth Bank of Australia CEO Matt Comyn said busines ...
General Mills to sell mainland China Haagen-Dazs ice-cream shops to local tea brand Ningji
Western brands have been reassessing their approach to the world’s second-biggest economy,
Arm says ByteDance, Oracle use its data centre CPU chips
TAIPEI, June 2 : Chinese tech company ByteDance and U.S. data centre firm Oracle are among the customers of Arm's AI data centre chips, the head of the chip designing firm said on Tuesday.Speaking at the annual Computex conference in Taipei, Arm CEO Rene Haas said ByteDance and Oracle are custo ...
Why the agent computer is key to Singapore’s next era of productivity
Alexey Navolokin - As Singapore anchors its economic future to the power of artificial intelligence (AI), the national focus is shifting from theoretical adoption to practical application. The Infocomm Media Development Authority’s recent AI bootcamp launch for enterprises is a clear testament to this hands-on strat ...
BOJ should signal clear rate path after June hike, SMFG markets chief says
TOKYO, June 2 : The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond market, Sumitomo Mitsui Financial Group's global markets chief, Arihiro Nagata, told Reuters.The call for clearer guidance from Japan's ...
PhillipCapital's Chew maintains Geo Energy at 'buy' and 75 cents
The Edge Singapore - Coal miner Geo Energy Resource's 1QFY2026 earnings were below the expectations of Paul Chew of PhillipCapital, due to a decline in production volume in one of the mines nearing the end of its mine life. Having said so, the company will be boosting production in other mines, specifically, TRA, a ...
Alphabet plans to raise US$80 billion for AI goals, Berkshire to invest US$10 billion
The company has embarked on an unprecedented spending spree to build the infrastructure
Citing stable yield and visible growth, Maybank initiates ‘buy’ on UI Boustead REIT
Teo Zheng Long - Maybank Securities analyst Krishna Guha has initiated a “buy” call on UI Boustead REIT (SGX: UIBU ) as he sees the REIT having visible growth, coupled with stable yield. UI Boustead REIT’s portfolio of 23 assets in both Singapore and Japan spans across 5.3 million sq ft of net leasable area (N ...
Blackstone raises US$13.1 billion for its largest Asia private equity fund
Asian markets which offer a steady pipeline of buyout and growth opportunities, have been a major focus for global asset managers
DBS, OCBC close at fresh highs as Singapore banks lead STI gains
Therese Soh - Citing wealth momentum as a tailwind, RHB lifts its rating on the Republic’s lenders to ‘overweight’
DBS, OCBC at fresh highs as Singapore banks lead STI gains
Therese Soh - RHB cites wealth momentum as tailwind, lifts rating on Singapore banks to ‘overweight’
Blue Origin launch pad repairs could take 'serious time', NASA chief tells CNBC
June 1 : Damage to a Blue Origin launch pad from the spectacular explosion of the company's giant New Glenn rocket during a test firing of its engines last week will "take some serious time" to repair, NASA Administrator Jared Isaacman told CNBC on Monday.A 2028 time frame was "w ...
South Korea overtakes India as world’s sixth-largest stock market
The East Asian nation has vaulted past Canada, Germany, the UK, and France this year
US SEC defends settlement with Elon Musk over Twitter after judge overseeing case cites ‘red flags’
The judge questioned why the SEC fined the trust instead of Musk
Nvidia CEO says has capacity to supply robust CPU and GPU growth
TAIPEI, June 2 : Nvidia Chief Executive Jensen Huang said on Tuesday the company has enough supply to accommodate robust growth for central processing units (CPUs) as well as graphics processing units (GPUs).Huang was speaking at Nvidia's GTC press conference during Computex week in Taipei a da ...
Blackstone raises $13.1 billion for its largest Asia private equity fund
June 2 : Alternative asset manager Blackstone said on Tuesday it has raised $13.1 billion for its Asia private equity fund, higher than its target of $10 billion, and also marked its largest such fund raise in the region.
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
The family name and Singha brand empire have suffered a hit from the scandal
Japan tempers yen warnings despite renewed slide towards key 160 level
TOKYO, June 2 : Japanese financial authorities held back from stepping up verbal warnings on the yen on Tuesday even as it neared the key 160-per-dollar mark, a restraint analysts say reflects caution after recent interventions delivered only fleeting impact."We retain our stance of being ready ...
Japanese finance minister signals readiness to respond in FX market
TOKYO, June 2 : Japanese Finance Minister Satsuki Katayama said on Tuesday the authorities stood ready to respond in the currency market as needed.With the Strait of Hormuz remaining effectively closed, the oil market remains highly volatile, Katayama told a news conference."We retain our stanc ...
Dollar in tight range as traders eye Middle East, US data
June 2 : The dollar traded in a tight range on Tuesday as investors watched for progress on a potential deal to reopen the Strait of Hormuz, while awaiting U.S. economic data later in the day, which could shape the Federal Reserve’s policy path.A peace deal between the U.S. and Iran would ease pre ...
Dollar stuck in narrow band as traders eye Middle East, US data
June 2 : The dollar traded in a tight range on Tuesday as investors watched for progress on a potential deal to reopen the Strait of Hormuz, while awaiting key U.S. economic data later in the day,which could shape the Federal Reserve’s policy path.A peace deal between the U.S. and Iran would ease ...
Dollar steady as traders await progress on Middle East peace talks
TOKYO, June 2 : The U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge. Investors have treated any progress towa ...
Nio delivers 37,705 vehicles in May, up 62.3% year on year
Therese Soh - Cumulative deliveries hit 1.1 million as at end-May
Asia stocks skittish as Middle East anxiety offsets AI optimism
SINGAPORE: Asian stocks made a cautious start to trading on Tuesday (Jun 2) as uncertainty over whether the ceasefire in the Middle East conflict capped the lift to sentiment from renewed optimism around AI.MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and ...
Oil falls more than 1% as Iran reviews proposed US agreement
LONDON, June 2 : Oil prices fell more than 1 per cent on Tuesday, paring the previous session's sharp gains, as Iran reviewed a proposed agreement with the United States to halt the war between the two countries, Iran's Mehr News reported. U.S. President Donald Trump said on Monday that ne ...
Oil falls more than 1% after Trump says talks with Iran ongoing
LONDON, June 2 : Oil prices fell more than 1 per cent on Tuesday, paring the previous session's sharp gains, after U.S. President Donald Trump said talks with Iran were ongoing.Trump's comments came despite a report that Tehran had suspended indirect negotiations with Washington to end hos ...
Oil slips after Trump says talks with Iran are ongoing
June 2 : Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks. U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported earlier that Tehran had s ...
Gold holds fall as traders digest confusion over US-Iran talks
Oil clocking its biggest gain in about a month on Monday while bond yields and the US dollar climbed
Stocks to watch: DBS, Nio, Thomson Medical Group, Concord New Energy, Jumbo Group, mm2 Asia
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 2):
Nvidia’s AI chips sought by Chinese labs with ties to military
Salamat Sanwan - Two of the institutions that have expressed interest in the H200 chips rank among China’s “Seven Sons of National Defence”
SEC defends Musk settlement over Twitter, saying it reflects 'compromises'
June 1 : The U.S. Securities and Exchange Commission defended its settlement with Elon Musk over his purchase of Twitter shares, saying it reflected "compromises" and was not tainted by collusion, after the judge overseeing the case said the accord raised "red flags."In a filing ...
Executive search firms still needed for C-suite search even as AI reshapes hiring
Meera Pathmanathan - The tech is helping companies identify ‘hidden-gem candidates’ whose skills may otherwise be overlooked
South Korea inflation hits two-year high, imminent rate hike in play
SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening as early as next month.The consumer price index (CPI) rose 3.1 per ...
South Korea May inflation quickens to two-year high, exceeds forecasts
SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening in the coming months. The consumer price index (CPI) rose 3.1 per c ...
