Japan manufacturers' mood edges up in May, services sector slips: Reuters poll
TOKYO, May 20 : Japanese factory managers' mood improved slightly in May as commodity-related industries recovered from the Iran war-induced sharp drop a month earlier, but weakness in autos and some other industries capped the rebound, the Reuters Tankan poll showed.The monthly poll, a leading ...
China’s AI industry transitioning from technology catch-up to value capture: Morgan Stanley
Deon Loke - It names top stock picks for the country’s artificial intelligence sector
Few chief AI officers at Singapore listcos despite growing AI push: survey
Meera Pathmanathan - Local companies are largely embedding oversight of the tech into existing leadership portfolios
Quantify, be ambitious: Time for CDL, UOL to unveil plans to further boost share price
Leslie Yee - Hongkong Land’s strategy update provides a useful reference
Stocks fall as US bond yields rise, oil eases after latest Iran war headlines
NEW YORK/LONDON, May 19 : A global stock index fell with 30-year U.S. Treasury yields rising to their highest levels since 2007 on Tuesday, and oil prices eased as investors digested the latest headlines on U.S. talks with Iran to end the war.U.S. President Donald Trump said on Tuesday that the Unit ...
US 30-year yield hits highest since 2007 as sell-off deepens
Yields on government bonds have surged globally in recent weeks
Oil prices settle down after Vance cites progress in Iran talks
US crude stocks are expected to have fallen by about 3.4 million barrels in the week to May 15
Commentary: The battle the US is winning against China
China is a stunted financial power, leaving the US free to rule global markets, says Ruchir Sharma for the Financial Times.
Wall Street ends lower as inflation worries push up yields
Traders have started to price in higher probabilities for rate hikes from the Federal Reserve
Wall St ends lower as inflation worries push up yields
Traders have started to price in higher probabilities for rate hikes from the Federal Reserve
European shares end slightly higher as investors weigh Iran peace proposal
Wednesday will bring results from chip giant Nvidia, which could test the AI trade that has lifted global markets over the past...
Google DeepMind hires staff from Contextual AI in licensing deal, source says
May 19 : Alphabet's AI research subsidiary, Google DeepMind, has agreed to recruit more than 20 researchers from AI startup Contextual AI and license its technology, a person familiar with the matter told Reuters on Tuesday.Alphabet paid between $80 million and $90 million to Contextual as part ...
Analog Devices to buy Empower Semiconductor for $1.5 billion to boost AI power portfolio
May 19 : U.S. chipmaker Analog Devices said on Tuesday it would acquire Empower Semiconductor for about $1.5 billion in cash, expanding its AI-focused power management portfolio.The companies said the deal will help advance power delivery for AI and other compute-intensive applications, for which po ...
Google courts coders and consumers at I/O, touts cheaper AI model for enterprises
MOUNTAIN VIEW, California, May 19 : Alphabet's Google on Tuesday put AI agents directly into its search box and rolled out a faster, cheaper version of its Gemini model, aiming to blunt gains by rivals Anthropic and OpenAI among enterprise customers.Alphabet, which recently came within striking ...
Exclusive-Meta offers AI rival chatbots limited free WhatsApp access, sources say
BRUSSELS, May 19 : Meta Platforms has offered to give rival AI chatbots including OpenAI free access to its social messaging service WhatsApp in Europe, but will start charging them once they hit a limit, two people with knowledge of the matter said on Tuesday.The details of the offer, previously un ...
AI-related data breaches surpass stolen credentials in cyber incidents, Verizon report says
WASHINGTON, May 19 : AI-detected vulnerabilities surpassed incidents of stolen credentials in data breaches last year, according to an annual report from Verizon relating to industry security incidents.Verizon said in a review of more than 31,000 incidents that 31 per cent of all breaches started wi ...
Exclusive-Bessent says BOJ's Ueda can deliver if Tokyo grants freedom on rates
PARIS, May 19 : U.S. Treasury Secretary Scott Bessent said on Tuesday he was confident that Bank of Japan Governor Kazuo Ueda would do "what he needs to do" if granted sufficient independence by Japan's government, signalling Washington's desire for further rate hikes by the cent ...
After US deal, Apple's global F1 push may take time
LONDON, May 19 : Apple hopes to enter other markets after securing a five-year U.S. streaming deal to show Formula One races on Apple TV. Yet differing media rights cycles may act as a brake on the $4.37-trillion tech company’s global ambitions.The Liberty Media-owned single seater is a popular li ...
Nvidia shares set for $350 billion price swing after earnings, options show
NEW YORK, May 19 : Traders are pricing in a $355 billion swing in Nvidia's market value after the company reports first-quarter earnings on Wednesday, according to options positions that indicate the market is still bullish on the AI giant while keen to protect gains.The chipmaker's option ...
OpenAI co-founder and former Tesla AI executive Karpathy joins Anthropic
May 19 : Andrej Karpathy, a former Tesla AI executive and one of OpenAI's founding members, has joined Anthropic, he said on Tuesday, strengthening the Claude maker as it looks to dominate the AI race."I think the next few years at the frontier of LLMs will be especially formative. I am ve ...
Kindle loyalists scramble as Amazon turns page on old e-readers
SAN FRANCISCO, May 19 : For Claudia Buonocore, the thought of parting ways with her 15-year-old Kindle Touch e-reader is painful.“I’ve never felt the desire to have another device,” said the 39-year-old Pittsburgh area resident. “It’s a part of me, a lifesaver, I fall asleep with it almost ...
Healthcare AI firm Commure valued at $7 billion, raises $70 million
May 19 : Commure, an AI platform for healthcare, said on Tuesday it secured a $7 billion post-money valuation, raising $70 million in a financing round led by General Catalyst.The California-based company, whose agentic AI automates administrative work across healthcare systems, also drew participat ...
US software stocks rebound, seeking to loosen AI's grip
May 19 : Shares of several U.S. software stocks gained on Tuesday, as the industry attempts a comeback after being battered for much of the year on fears of disruption from artificial intelligence.The beleaguered sector's rebound coincided with a slide in chipmakers, which began to cool off fol ...
Asian companies to face annual costs of US$336 billion from climate risks by 2030: report
Janice Lim - Only 20% of these companies have estimated the financial implications of physical climate risk
Polymarket debuts prediction markets tied to private companies
May 19 : Polymarket on Tuesday launched prediction markets tied to the performance of private companies through an agreement with Nasdaq Private Market, marking a first for the rapidly growing sector, it said.Here are some details: • Prediction markets allow users to trade on the outcome of future ...
China trade corridor a good foundation to do more, as bilateral cooperation not sure ‘win-wins’: SM Lee
Tan Weizhen - He adds trade is now mixed up with security and rivalry considerations, among others, with more effort needed for positive outcomes
Sembcorp, Digital Reef announce phase 1 of 280 MW UK data centre
Evan See - The project is expected to begin construction this year at Wilton, a leading industrial site
Saudi Arabia's Humain picks Goldman Sachs to advise on data centre financing, sources say
DUBAI, May 19 : Saudi Arabia-backed artificial intelligence company Humain has picked Goldman Sachs to advise on a financing package to build data centres in the kingdom that could be worth at least 20 billion riyals, two sources with knowledge of the matter told Reuters, as the firm races to expand ...
Delfi reports lower EBITDA of US$16.8 mil for 1QFY2026; net sales up 6.2% y-o-y to US$159.1 mil in the quarter
Teo Zheng Long - Delfi Limited (SGX: P34 ) has reported an EBITDA of US$16.8 million ($21.6 million) for 1QFY2026 ended March 31, which is a decline of 0.8% y-o-y due to lower gross profit margin and slightly higher operating costs. The group’s net sales for 1QFY2026 increased 6.2% y-o-y to US$159.1 million, mainl ...
S&P 500 and Nasdaq open lower as chip stocks drag, inflation fears persist
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Tuesday (May 19), pressured by a selloff in heavyweight chip stocks...
Nissan eyes exporting Chinese-made electric cars to Canada
NISSAN Motor is considering exporting cars built at a joint venture with its Chinese partner to Canada, which is opening up its market...
Microsoft's biggest India data center on track to go live in mid-2026, executive says
May 19 : Microsoft's biggest data center in India is on track to open by mid-2026, its country head said on Tuesday, as the tech giant spends heavily to bolster its position in one of the world's largest markets for artificial intelligence services.There's "massive demand" f ...
The Rockefeller Foundation and Temasek Trust announce Global Coalition for Nuclear Philanthropy
The Edge Singapore - The Rockefeller Foundation and Temasek Trust have, on May 19, announced the launch of the Global Coalition for Nuclear Philanthropy (GCNP), a collaborative initiative to deploy philanthropic capital to support nuclear energy as a driver for clean energy security, economic growth, energy abundance an ...
Goldman Sachs targets ‘huge opportunity’ despite Iran shock
GOLDMAN Sachs Group’s international co-heads say the turbulent start to the year has done little to deter clients, underscoring Wall Street’s bullish...
