World shares ease, yields rise as yen hits 40-year low
MILAN/SYDNEY, July 1 : World shares started the third quarter cautiously on Wednesday ahead of key U.S. jobs data, as uncertainty over U.S.-Iran negotiations weighed and traders watched for possible Japanese intervention after the yen hit fresh 40-year lows. The MSCI World Price Index < .MIWO0000 ...
Share and bond markets turn cautious in Asia, yen on ropes
SYDNEY, July 1 : Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors were on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.Tehran said on Tuesday it would not meet wi ...
Maybank's Liu, citing 'meaningful' growth from new central kitchen, raises target price for Sats to $5.09
The Edge Singapore - Liu Miaomiao of Maybank Securities, citing greater confidence in management's ability to deliver its FY2029 financial targets as multiple growth drivers become increasingly visible, has raised her target price for Sats from $4.52 to $5.09. From her perspective, the stronger growth prospects war ...
Jardine Matheson taps ex-Indonesian fund CIO as country head
Christopher Ganis, former Indonesia Investment Authority chief investment officer, assumes the new role on Jul 1
Exclusive-Kawasaki Heavy plans to raise $1.2 billion via new shares and convertible bonds, sources say
TOKYO, July 1 : Japan's Kawasaki Heavy Industries is finalising plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the details of the issuance ...
Exclusive-Kawasaki Heavy plans to raise $1.2 billion through new shares, CBs, sources say
TOKYO, July 1 : Japan's Kawasaki Heavy Industries is finalising plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the issuance as soon as thi ...
Hatten Land lodges circular for $28 mil RTO of Metrocon
The Edge Singapore - Hatten Land, which floundered as a property play that bet the house on Malacca, is trying to reinvent itself as a construction engineering firm with a $28 million reverse takeover of Metrocon. The circular for the deal, first announced last October, has been lodged. This transaction will be subject ...
Australia proposes consulting sector overhaul after scandals
Transgressions across high profile firms in recent years spark calls for an industry overhaul
Uber-backed Lime raises $167 million in US IPO
June 30 : Lime, backed by Uber, raised $167 million in its U.S. initial public offering, joining a growing list of companies tapping a revived market for new listings.The company, formerly known as Neutron Holdings, sold 6.68 million shares at $25 per share, the midpoint of its marketed range of $24 ...
Uber-backed Lime prices IPO at $25 per share, Bloomberg News reports
June 30 : Uber-backed Lime has priced its U.S. initial public offering at $25 per share, the midpoint of the marketed range, Bloomberg News reported on Tuesday, citing a person familiar.Lime did not immediately respond to a Reuters request for comment outside regular business hours.
Asian stocks rise after US tech gains, yen steady
Stocks advance in Japan and South Korea, lifting the MSCI Asia-Pacific Index 0.3%
Private home prices inch up 0.5% while HDB resale prices slip further by 0.3% in Q2: flash data
Ry-Anne Lim - Landed homes and Core Central Region lead index with about 2% jump in prime market, as prices fall across other regions
Japan manufacturing extends growth, caps best quarter since Q1 2014, PMI shows
TOKYO, July 1 : Japan's manufacturing sector expanded in June, sealing its best quarterly performance since early 2014, as new orders grew at their fastest pace in more than two years, a business survey showed on Wednesday.Here are some key details.• The S&P Global Japan Manufacturing Pur ...
South Korea factory activity grows at slower pace as export demand weakens, PMI shows
SEOUL, July 1 : South Korea's factory activity expanded in June for the seventh consecutive month, though at a slower pace than the previous month on falling export demand, a survey showed on Wednesday. • The purchasing managers index (PMI), published by S&P Global, stood at 52.1 in June, ...
Oil falls over 1% as markets await outcome of Iran-US talks, US stocks data
LONDON, July 1 : Oil prices fell more than 1 per cent on Wednesday as talks between Iran and the U.S. aimed at reaching a final agreement to end their war continued and the market awaited data from the U.S. regarding stock draws. Brent futures fell $1.14, or 1.6 per cent, to $71.81 a barrel at 0859 ...
Oil edges higher as breakdown in Iran-US talks raises supply concerns
NEW DELHI, July 1 : Oil prices ticked higher on Wednesday on concerns a breakdown in talks between Iran and the U.S. for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.Brent futures rose 14 cents, or 0.19 per cent, to $73.09 a barrel at 0644 ...
Oil prices rise as breakdown in Iran-US talks raises supply concerns
NEW DELHI, July 1 : Oil prices rose on Wednesday on concerns breakdowns in discussions between Iran and the U.S. for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.Brent futures rose 33 cents, or 0.45 per cent, to $73.28 a barrel at 0339 GMT, ...
Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopes
July 1 : Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with U.S. envoys, a further strain on the interim ceasefire agreed between the two in the four-month-long war.Brent futures rose 50 cents or 0.69 per cent to $73.45 a barrel at 1208 GMT, ...
Stocks to watch: FCT, Lendlease Global Commercial Reit, Parkway Life Reit, Jumbo Group, ValueMax
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 1):
Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion
June 30 - Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a rare software IPO as the sector grapples with disruption from AI.The Italian sof ...
Gold steadies as US-Iran peace talks frame inflation outlook
Bullion held near US$4,000 an ounce, after giving up nearly 2% in the last two sessions
US lifts export controls on Anthropic’s Fable, Mythos AI models
Washington has stepped up oversight of new model releases to identify potential threats posed by advanced AI models
Japan business mood improves despite Middle East war, BOJ survey shows
TOKYO: Big Japanese manufacturers' sentiment improved in the three months to June to levels unseen since 2018, a closely watched survey showed on Wednesday (Jul 1), a sign the economy was weathering the energy shock from the Middle East conflict for now.But companies expect business conditions ...
Energy is the chokepoint for AI’s next growth phase, says DBS CIO
Jean Low - The bank recommends investors to add energy infrastructure alongside technology as AI power demand surges
Microsoft to reportedly cut under 2.5% of workforce in latest layoffs
Roles affected include those across sales and consulting, as well as jobs at the Xbox gaming division
Online retailer iHerb selects banks for US$500 million IPO this year: sources
The health and wellness company taps JPMorgan Chase, Morgan Stanley and Citigroup for the offering
Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
June 30 : Microsoft is planning to cut under 2.5 per cent of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing people familiar with the matter.The layoffs will impact thousands of roles, including sales and consul ...
Digital infrastructure firm ITG prices US IPO below range, raises $312 million
June 30 : Oaktree-backed ITG said on Tuesday it had priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. The digital infrastructure firm sold 19.5 million shares in the offering, initially marketed between $19 and $22 apiece.ITG provides end-to- ...
Boeing says IT outage affected computer systems, applications
June 30 : Boeing said on Tuesday that an unplanned IT outage affected some of its computer systems and applications.The outage "significantly disrupted" the aerospace firm's commercial and military production, the Air Current reported, citing people familiar with the issues.Boeing did ...
US lifts export controls on Anthropic's Fable, Mythos AI models
June 30 : Anthropic said on Tuesday that the U.S. Commerce Department has lifted export controls on its Claude Fable 5 and Mythos 5 AI models, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks."We'll begin rest ...
US to lift export controls on Anthropic's Fable AI model on Tuesday, source says
June 30 : The U.S. Commerce Department is expected to lift export controls on Anthropic's Fable 5 AI model on Tuesday, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks, according to a source familiar with the matte ...
DBS likes 'pick-and-shovel' firms as AI and energy drive new global capex supercycle
Lin Daoyi - A new capex supercycle is upon the world, believes the chief investment office (CIO) of DBS in a 2H2026 market outlook on June 30. Powered by artificial intelligence and energy, this period will see hyperscalers expand their spending “aggressively” as compute demand outpaces supply, new strategi ...
Strong year for insurance par funds, but bonuses stay the same for most
Genevieve Cua - Of eight par funds with 2025 updates, four made double-digit gains. But their longer-term track record is key
Oil prices little changed but set for steepest monthly and quarterly losses since 2020
Morgan Stanley says it now models an implied global oil market surplus of 4.8 million barrels per day in 2027
