Meta's longtime content policy chief Bickert leaving to teach at Harvard
SAN FRANCISCO, March 27 : Meta's long-time content policy chief Monika Bickert, who oversaw the writing and enforcement of Facebook’s content policies and had a role in the company’s approach to user safety issues, is leaving the company for a job at Harvard Law School. Bickert will stay at ...
Investing takes intelligence, divesting takes wisdom
Tong Kooi Ong + Asia Analytica - Over the past few months, we have had readers who asked, “How do you decide when to exit investment in a stock or reduce exposure to the equity market?” It is a far trickier question to answer in any comprehensive manner, unlike why we bought shares of Company A or B or why we do not like Compan ...
The portfolio that refuses to stand still
Tong Kooi Ong + Asia Analytica - While only a short time has elapsed since our last AI portfolio update, much has happened across the tech landscape. Some developments have been expected, such as Big Tech’s rising capex spend, now projected to reach around US$650 billion this year. Other developments have been more ground-breakin ...
Dow confirms correction as traders worry about war
March 27 : The Dow Jones Industrial Average fell 1.7 per cent on Friday as investors worried about the global economic impact of the war in Iran, leaving the blue-chip index down 10 per cent from its record high close on February 10 and confirming it has been in a correction since then. In a broad W ...
BYD's annual profit drops for first time in four years as price war hurts margins
BYD's net profit fell 19 per cent to 32.6 billion yuan (US$4.72 billion), with chairman Wang Chuanfu saying competition has reached "fever pitch".
Apple hires ex-Google executive to head AI marketing amid push to improve Siri
SAN FRANCISCO, March 27 : Apple on Friday said it has hired Lilian Rincon, who previously spent nearly a decade at Google overseeing its shopping and assistant products, as the vice president of product marketing for artificial intelligence, reporting to its marketing chief Greg “Joz” Joswiak.Th ...
EU Commission web platform hit by cyber-attack on March 24
BRUSSELS, March 27 : The European Commission was targeted by a cyber attack on March 24 affecting its cloud infrastructure hosting the Europa web platform, with early findings suggesting data have been taken from those websites, the Commission said on Friday.The incident was contained swiftly, it sa ...
Oil prices to stay elevated across Iran war scenarios
March 27 : Oil prices could surge well beyond current levels as the Iran war unfolds, analysts polled by Reuters said, as the effective closure of the Strait of Hormuz and attacks on Middle Eastern production facilities cut deeply into global supplies, with no clear picture on when flows will resume ...
Japanese yen hits 160 per dollar, weakest since July 2024
NEW YORK, March 27 : The U.S. dollar strengthened against the yen on Friday, hitting 160 yen for the first time since July 2024, when Japanese officials last intervened to prop up the currency.The dollar was last up 0.22 per cent against the yen at 160. 15 per dollar, around levels traders see as a ...
Utility Entergy says revised Meta data-center deal to deliver higher customer savings
March 27 : Utility Entergy said Meta Platforms will pay its full cost of service for the planned hyperscale data center in northeast Louisiana under a revised agreement.Shares of the utility were up 4.8 per cent in early trading on Friday.The agreement is expected to deliver nearly $2 billion in cus ...
BYD posts first annual profit decline in four years
Profit falls 19% to 32.6 billion yuan, missing analyst view
Wall St opens lower as Iran strike delays offer limited calm
[NEW YORK] Wall Street’s main indexes opened lower on Friday (Mar 27) as the month-long Middle East conflict dragged on, weighing on...
Sony to hike PlayStation 5 prices again as memory chip costs surge
March 27 : Sony Group is raising global prices of its PlayStation 5 consoles, including a $100 increase in the U.S., marking its second hike in less than a year as the Japanese firm grapples with rising costs of key components such as memory chips. The tech industry's race to build out artifici ...
Markets in Q1: Everything everywhere all at once
LONDON, March 27 : The first quarter of the year comes to an end next week after an extraordinary few months where the world's financial markets have been tossed around at the mercy of geopolitics, with the Iran war wiping $7 trillion off global stocks.Oil prices have seen their second-biggest ...
Oiltek breaks out indicating new target as STI's consolidation continues
Goola Warden - Oiltek International, a small-cap that listed on Catalist at 23 cents in March 2022, surged to an all time high of $1.18 on March 27. On March 25, Koh Brothers Group, which owns around 68% of Oiltek, announced it had received a requisition from shareholders to “procure Koh Brothers Eco Engineering ...
NYSE-parent Intercontinental Exchange invests $600 million in Polymarket
March 27 : Intercontinental Exchange said on Friday it had invested $600 million in prediction markets platform Polymarket, as the New York Stock Exchange parent expands into the fast-growing event-based trading segment.The funding is part of the exchange operator's previously announced plan to ...
Fullerton Fund Management, 65 Equity Partners to manage second Anchor Fund tranche
Chloe Lim - This follows the first launch of S$1.5 billion in 2022 to attract high-quality listings to Singapore
SoftBank secures US$40 billion loan to boost OpenAI investments
The loan underscores founder Masayoshi Son’s increasingly aggressive bet on AI
SpaceX's listing stirs up social media frenzy, ticker bets
March 27 : From rocket launches drawing millions of YouTube views to social media frenzy over its potential listing, SpaceX's debut is shaping up to be a landmark moment for Wall Street.Traders are betting thousands of dollars on the company's ticker and speculating over its entry into the ...
SpaceX's listing stirs up social media hype, ticker bets
March 27 : From rocket launches drawing millions of YouTube views to social media frenzy over its potential listing, SpaceX's debut is shaping up to be a landmark moment for Wall Street.Traders are betting thousands of dollars on the company's ticker and speculating over its entry into the ...
UK joins global push to rein in children's screen use with national guidance
LONDON, March 27 : Britain has told parents to curb young children's screen time, advising no screens for under-2s and up to an hour a day for 2- to 5-year-olds because prolonged solo use can disrupt sleep and displace play and exercise.Governments worldwide have been moving to tighten rules ar ...
Sembcorp chairman Tow Heng Tan to retire; Andreas Sohmen-Pao to succeed him from Jun 1
Chloe Lim - Yap Chee Keong will also step down as director and chairman of the audit committee on Apr 29, with Steven Phan taking...
Jardine Cycle & Carriage appoints Freddy Lee as CEO from May 1
Paige Lim - Lee will vacate his current role as the company’s finance director but continue to serve as executive director
China’s big banks post flat 2025 profit on margin squeeze
The lenders continue to suffer deteriorating lending margins and rising loan impairments
Japan firms weigh merging power chip businesses
Prime Minister Sanae Takaichi's administration has set a new sales target for domestically produced microchips, aiming for an eightfold increase by 2040 compared with 2020 levels.
With ‘no place to hide’ traders spend sleepless nights as Iran war roils markets
Fund managers cut positions amid market volatility, uncertainty
SoftBank secures $40 billion loan to boost OpenAI investments
March 27 : SoftBank Group said on Friday it has secured a $40 billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate purposes, marking another significant step in its artificial intelligence strategy.The Japanese investment conglomerate, led by founder Masayoshi ...
SoftBank secures $40 billion loan to fund further OpenAI investment
March 27 : SoftBank Group said on Friday it has secured a $40 billion loan through a bridge facility to fund further investments in ChatGPT maker OpenAI and for general corporate purposes. The facility, which matures in March 2027, was arranged with lenders including JPMorgan Chase, Goldman Sachs, M ...
NASA's Artemis astronauts enter final preparations for Moon mission
WASHINGTON, March 27 : The four astronauts selected for NASA's Artemis II mission were due to arrive in Florida on Friday, entering the final phase of preparations for the first crewed journey toward the Moon in more than five decades.NASA astronauts Reid Wiseman, Victor Glover and Christina Ko ...
Singapore stocks rebound on Friday, STI up 0.2%
Benjamin Cher - iEdge Singapore Next 50 Index loses 0.7% or 10.72 points to 1,448.97
Low Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects
Tay Peck Gek - This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties
Ex-BOJ chief Kuroda sees 3-4 more rate hikes to 1.5% in 2027, Asahi interview shows
TOKYO, March 27 : Former Bank of Japan Governor Haruhiko Kuroda told the Asahi newspaper that he saw "no problem" in the Japanese central bank raising the interest rate by 0.25 per cent for 3-4 times from the current 0.75 per cent, to reach "around 1.5 per cent" in 2027.The BOJ w ...
Hong Kong woos central banks in bid to become gold-trading hub
The city targets Belt and Road nations for the institutional clout to rival London as a global hub
Novartis to buy US-based biotech firm Excellergy for up to US$2 billion
The transaction is expected to close in the second half of 2026
