Stocks slip; Samsung's record profit revives jitters on AI outlook
LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics forecast a 19-f ...
Stocks stumble as tech slides despite Samsung's record profit; oil rises
LONDON, July 7 : Global stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics forecast a 19-f ...
Stocks ease despite upbeat Samsung forecast, yen languishes
TOKYO, July 7 : Asian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation.Samsung Electronics, the world's largest ...
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
Shikhar Gupta - DBS climbs 2.7% to a record S$68.72 after Citi lifted its target prices for all three banks
DBS shares rise 1.9% to hit all-time intraday high as sentiment improves
Shikhar Gupta - The counter climbs to a high of S$68.20
DBS shares rise 1.8% to hit all-time intraday high as sentiment improves
Shikhar Gupta - The counter climbs to S$68.14
RHB calls recent drop in Raffles Medical shares an 'attractive' entry point
The Edge Singapore - Raffles Medical's share price, since its recent peak of $1.07 in February, has dropped more than 13% since. From the perspective of Shekhar Jaiswal of RHB Bank Singapore, this recent de-rating is "an attractive entry point" ahead of the company's 1HFY2026 earnings to be reported ...
Carousell turns Ebitda-positive in FY2025 as recommerce powers growth
Benjamin Cher - Revenue for FY2025 grows 18% to US$141 million from US$119.3 million in FY2024
Traders are most positive on the US dollar since 2015 as Fed hike looms
Wagers on a stronger greenback swell to nearly US$40 billion as at Jun 30 – the highest amount in over a decade
UOBKH ‘Alpha Picks’ lag STI on weakness in small and mid-caps in June; UIBREIT added for July
Shikhar Gupta - The Singapore portfolio falls 8.2% on an equal-weighted basis while the STI gains 2.6%
UOBKH ‘Alpha Picks’ lag STI on SMID weakness in June; UIBREIT added for July
Shikhar Gupta - The Singapore portfolio falls 8.2% on an equal-weighted basis while the STI gains 2.6%
Hedge funds turn most negative on the Japanese yen since 2007
Leveraged traders boosted wagers on further losses in the currency to nearly 138,000 contracts as of Jun 30
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
Meera Pathmanathan - The Republic remains attractive due to its stable political climate, resilient economy and strong currency
Australia's WiseTech co-founder Richard White steps down as executive chair
July 7 : Australia's WiseTech Global said on Tuesday that co-founder Richard White would step down as executive chair, effective immediately, while Raelene Murphy had been appointed independent chair.Murphy, who joined the logistics software provider's board at the start of the year, was n ...
Gold slips for second day as Hormuz tensions fan inflation fears
The metal is trading in a relatively narrow range
Gold steadies as traders look to Fed for interest-rate outlook
Bullion is around a fifth lower than immediately prior to the war in the Middle East
Stocks to watch: DFI Retail Group, Banyan Group
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 7):
Japan drives Asia offshore bonds to record, surpassing China era
Japanese corporate borrowers face the opposite dynamic, with resurgent inflation making overseas debt markets more attractive for its companies
LG Energy Solution forecasts 77% operating profit fall in Q2 on weak EV demand
SEOUL, July 7 : South Korean battery maker LG Energy Solution said on Tuesday it expects April-June operating profit to fall 77 per cent to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales. That compared with an LSEG SmartEstimate forecas ...
LG Energy Solution flags 77% fall in Q2 operating profit on continued weak EV demand
SEOUL, July 7 : South Korean battery maker LG Energy Solution said on Tuesday it expects April-June operating profit to fall 77 per cent to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales. That compared with an LSEG SmartEstimate forecas ...
Uber CEO Dara Khosrowshahi steps down from Grab’s board
Shikhar Gupta - Uber’s economic interest in Grab is unchanged by this transition
When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry
Chinese labs have flooded the market with models that are free to download, cheap to run and increasingly hard to dismiss as...
Europe’s central banks may come under political pressure, Panetta says
Central banks play a key role in determining governments’ borrowing costs
Japan real wages up for 5th month in May, slower due to inflation
TOKYO, July 7 : Japan's real wages rose 1.4 per cent in May from a year earlier to mark a fifth month of increases, although the growth rate slowed amid re-accelerating consumer inflation, government data showed on Tuesday.• Average nominal wages - or total cash earnings - rose 3.2 per cent t ...
Samsung profit surges past estimates on AI memory chip demand
Chipmakers are enjoying an unprecedented rise in demand for the high-bandwidth memory essential to AI accelerators
United Airlines must face lawsuit over ‘window seats’ that lack windows
Passengers said United failed to clearly disclose the missing windows during the booking process
Wall Street regulator should stick to quarterly reports, investor groups say
The US has required quarterly reports since 1970
MAS’ next decision may say more about growth than costs
Janice Heng - Inflation due to the Iran war might now be less of a factor than surprisingly robust expansion
ESR review of startup share scheme taxes should address employee liquidity challenge: observers
Low Youjin - Staff are often taxed before they can realise the value of their equity, weakening such ownership plans
Apple supplier Luxshare sets Hong Kong listing at top of range, with Temasek and GIC as cornerstone investors
The company says the offer price is determined at HK$63.28 per H-share, and will sell 383.5 million shares
Apple supplier Luxshare said to plan pricing Hong Kong listing at top, with Temasek and GIC as cornerstone investors
The components manufacturer has climbed more than 80% in Shenzhen over the past year, reaching a market value of US$71 billion
Samsung estimates 19-fold rise in Q2 operating profit, beating expectations
SEOUL, July 7 : Samsung Electronics on Tuesday forecast a 1,810 per cent jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices. The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.44 ...
Samsung forecasts record quarterly profit, beating estimates on AI memory demand
SEOUL: Samsung Electronics on Tuesday (Jul 7) forecast a 19-fold jump in second-quarter operating profit from a year earlier, its third consecutive quarter of record operating profit, as artificial intelligence-driven demand continued to boost memory chip prices.The world's largest memory chipm ...
Oil climbs as fresh tanker strike highlights risks around Hormuz
The UAE raised its crude output to near record highs in June
