Global stock index flat with oil rallying on Iran worries as gold, silver rise
NEW YORK/ LONDON, Feb 3 : MSCI's global equities gauge was barely changed on Tuesday as technology stocks pushed Wall Street lower while oil futures rallied after incidents between the United States and Iran and precious metal prices rose to regain some lost ground following a two-day rout.Whil ...
Global stock index dips with oil rallying on Iran worries as gold, silver rise
NEW YORK/ LONDON, Feb 3 : MSCI's global equities gauge lost ground on Tuesday as technology stocks pushed Wall Street lower in contrast with an oil rally on fears of U.S.-Iran tensions while precious metal prices rose sharply, regaining some lost ground following a two-day rout.Oil prices jumpe ...
Global stock index up slightly while gold, silver bounce
NEW YORK/ LONDON, Feb 3 : MSCI's global equities gauge rose slightly on Tuesday while Wall Street's main indexes lost ground as software stocks were slammed while investors waited for high-profile earnings reports but in contrast, precious metal prices rose sharply, regaining some lost gro ...
Has South-east Asia reached its AI inflection point or stalled at pilots?
The event will discuss strategies involving leadership alignment and organisational readiness
Europe must keep control of key technologies, says EU commissioner
BRUSSELS, Feb 3 : Europe must keep control over key technologies that underpin the region's economies, the European Union's Financial Services Commissioner said on Tuesday, adding to growing calls for the bloc to be less reliant on U.S.-based technology giants.Europe is increasingly focuse ...
Blackstone's Gray says AI disruption risk is 'top of the page' for us
WEST PALM BEACH, Florida, Feb 3 : Disruption to businesses from artificial intelligence development is "top of the page" for Blackstone, the world's largest alternative asset manager, its president and chief operating officer Jon Gray said on Tuesday."You want to be thinking abou ...
NASA's Artemis II moon mission slips to March
WASHINGTON, Feb 3 : NASA pushed its Artemis II mission to March after wrapping up a launch rehearsal that uncovered issues with the massive Space Launch System rocket's fueling process, the latest delay for the mission to fly four astronauts around the moon and back.The U.S. space agency had be ...
German voice actors boycott Netflix over AI training concerns
BERLIN, Feb 3 : German voice actors have launched a grassroots boycott against Netflix over a contract clause that allows the streaming platform to use their recordings for AI training, a spokesperson for the VDS voice actors' association told Reuters.Netflix's global footprint has increas ...
Palantir rallies after bumper quarter fueled by US defense spending
Feb 3 : Shares of Palantir Technologies jumped 6.9 per cent in early trading on Tuesday as investors bet on the company's military-grade AI tools and services after it reported a surge in quarterly sales, boosted by rising U.S. defense spending.Denver, Colorado-based Palantir is on track to add ...
Wingtech Shanghai filing says CFO resigns for personal reasons
AMSTERDAM, Feb 3 : Chinese electronics company Wingtech said in a Shanghai Stock Exchange filing that its chief financial officer Zhang Yanru had resigned, citing personal reasons.The filing was signed by Wingtech's board of directors and dated January 31, the day after the company said it woul ...
White House meeting fails to resolve US crypto legislation stalemate
Feb 3 : A White House meeting aimed at breaking a months‑long stalemate between major U.S. banks and cryptocurrency firms ended Monday without any agreement, underscoring industry divisions that continue to threaten progress on landmark digital‑asset legislation.The closed‑door session, conven ...
SpaceX grounds Falcon 9 flights after second-stage issue
Feb 3 - Elon Musk's SpaceX has paused flights of its workhorse Falcon 9 rocket over an unspecified issue that its second stage experienced after successfully deploying Starlink satellites into orbit on Monday, the company said. After the two-stage Falcon 9 delivered 25 Starlink satellites ...
Market revival is underway and Singapore will continue to 'raise the game'
The Edge Singapore - The various measures to revive the Singapore stock market has seen some success, according to Minister Chee Hong Tat. Average daily traded value has increased 20% y-o-y to $1.8 billion in November, and the Straits Times Index has been hitting new highs, closing at 4,944.09 points on Feb 3 – a whis ...
US trade chief says India to maintain some agriculture protections in deal with Trump
WASHINGTON, Feb 3 : The Trump administration is working to put the details of its trade deal with India announced on Monday on paper, but it will reduce India's tariffs on American industrial goods to zero from 13.5 per cent and eliminate duties but allow India to maintain some agricultural imp ...
US brokers may levy fee on ETF managers
JP Morgan estimates the US ETF management fee pool to be US$21 billion
Huationg Global raises $7.08 mil placing out shares at 60 cents each
The Edge Singapore - Civil engineering firm Huationg Global has raised $7.08 million by placing out 11.8 million new shares at 60 cents each. The new shares are priced at a discount of around 8.73% to the volume weighted average price of 65.74 cents on Jan 23, just before the placement was announced. Investors of this p ...
PayPal sees 2026 profit below estimates, names Enrique Lores as CEO
Its lower surplus is due to weaker US retail spending and slower growth in its branded checkout segment
S&P 500, Nasdaq open higher as earnings deluge takes center stage
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Tuesday (Feb 3), stabilising after a commodity rout in the previous...
Disney taps parks head Josh D'Amaro as CEO to lead post-Iger era
Feb 3 : Walt Disney on Tuesday named theme parks head Josh D'Amaro as CEO, ending years of succession uncertainty and placing a longtime insider at the helm as artificial intelligence and a wave of consolidation upend the media industry. D'Amaro, 54, will take the reins from Bob Iger, 74, ...
Wall St edges higher with earnings deluge in spotlight; Palantir soars
Feb 3 : Wall Street's main indexes rose on Tuesday as Palantir's results aided optimism around the AI trade, while investors geared up for a flood of corporate results through the week.Palantir Technologies jumped 8.6 per cent after upbeat results highlighted demand for its military-grade ...
S&P 500, Nasdaq poised for higher open as earnings deluge takes center stage
Feb 3 : The S&P 500 and the Nasdaq looked set for a firm open on Tuesday, stabilizing after a commodity rout in the previous session, as investors geared up for a flood of corporate results through the week.Palantir Technologies jumped 11.2 per cent in premarket trading after upbeat results high ...
Exclusive-JPMorgan closing in on new frontier market local currency debt index, sources say
LONDON, Feb 3 : JPMorgan is finalising plans for a new index to track frontier market local currency bonds, investors consulted on the details told Reuters, as the bank looks to satisfy a growing appetite for riskier and more diversified high-yield debt.The move, which comes 15 years after the Wall ...
Western Digital adds $4 billion to buyback plan as AI boosts memory chip sales
Feb 3 : Western Digital said on Tuesday its board has approved $4 billion more for share repurchases, as demand for its memory chips used in artificial intelligence servers surges. Its shares rose about 5 per cent in premarket trading, adding to a 57 per cent jump this year. The shares had more than ...
Pfizer beats Q4 profit estimates on strong drug demand
Robust demand for its heart and oncology drugs helped achieve total sales for the quarter of US$17.56 billion
Rolls-Royce defends pricing after airlines bash engine industry
A senior executive says that the cost reflects supply-chain disruptions and the fallout from geopolitical instability
Gartner forecasts downbeat annual results on slowing demand at consulting unit
Feb 3: IT research firm Gartner on Tuesday forecast annual revenue and earnings below Wall Street expectations, as enterprises scaling back their spending dampened demand for its consulting services. Shares of the Stamford, Connecticut-based firm were down 5.1 per cent in premarket trading following ...
How to make Singapore equities great again? Step up investor education, says Chee Hong Tat
Ranamita Chakraborty - Guardrails will be put in place where necessary to protect against downside risk, the Monetary Authority of Singapore deputy chairman adds
AI fears fuel selloff in software, data and advertising stocks
LONDON/MILAN, Feb 3 : A selloff in European and North American software, data analytics and advertising stocks deepened on Tuesday after new artificial intelligence models raised concerns over the potential impact on sectors once seen as AI beneficiaries.One catalyst was the launch of Anthropic' ...
AI concerns pummel European software stocks
LONDON, Feb 3 : A sell-off in European software, data analytics and advertising companies accelerated on Tuesday, as updated artificial intelligence models raised fresh doubts about whether incumbent firms can defend their business models, underscoring the technology's disruptive threat to sect ...
Power grid delays challenge Amazon's data center expansion in Europe
BRUSSELS, Feb 3 : Long delays to get power grid connections are challenging Amazon's plans to expand data centers in Europe, the company told Reuters, as industries ramp up pressure on policymakers to upgrade ageing energy grids.Energy-intensive industries have urged the European Union to inves ...
FLCT logs positive rental reversions in Q1, boosted by logistics and industrial segment
Chong Xin Wei - However, its commercial side recorded negative rental reversions
Paris prosecutor's cybercrime unit searches X office, Musk summoned
French authorities are investigating images of a child‑pornographic nature and sexually explicit deepfakes on the platform.
UK privacy watchdog launches investigation into Grok
LONDON, Feb 3 : Britain's privacy watchdog on Tuesday launched a formal investigation into Elon Musk's xAI chatbot Grok over the processing of personal data and its potential to produce harmful sexualised images and video content. The probe is into xAI and X Internet Unlimited Company - th ...
Disappointment for some, relief for others as markets ponder Warsh’s nomination as next Fed chief
In some quarters, he is seen as a ‘credible choice’, who may hold his own against President Trump’s demand for rate cuts
