Japan's core inflation hits 4-year low, rebound eyed on energy shock
TOKYO, May 22 : Japan's annual core inflation slowed to a four-year low in April due to the effect of subsidies on fuel and education, data showed on Friday, though analysts expect surging fuel costs from the Middle East war to accelerate price growth in coming months.While government measures ...
Trump will swear in Kevin Warsh on May 22 to lead US Federal Reserve
Warsh will serve a four-year term as chair and a 14-year term as a Fed governor
Stocks to watch: Keppel, Nio, SIA Engineering Company, Sri Trang Gloves, Aims Apac Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 22):
Stocks to watch: Keppel, Nio, Sri Trang Gloves, Aims Apac Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 22):
Goldman Sachs to pay US$500 million to settle shareholder lawsuit over 1MDB scandal
Shareholders accused the bank of lying about its role in the fraud while repeatedly touting its supposedly robust risk management
Keppel, Tuas confirm M1-Simba deal dead in water
Therese Soh - This comes after conditions for the long-stop date were not met by the deadline of May 21
Tuas terminates proposed M1-Simba deal
Therese Soh - It terminates the acquisition as conditions for the long-stop date were not met by the deadline of May 21
Keppel announces termination of proposed M1 divestment
Therese Soh - [SINGAPORE] Keppel on Friday (May 22) announced the termination of its proposed divestment of M1.
Texas sues Meta, WhatsApp over encryption privacy claims
NEW YORK, May 21 : The Texas Attorney General’s Office on Thursday sued WhatsApp and its parent company Meta Platforms Inc alleging they misled consumers about the strength and scope of WhatsApp's encryption measures, which a Meta spokesman denied. The lawsuit in Harrison County court says Wh ...
Singapore-based Digital Edge closes US$575 million loan to fund Asia-Pacific expansion
The company will use the money to continue expanding in markets including South Korea, Japan, India and South-east Asia
Oil falls, stocks climb as investors hope for progress in Iran war talks
NEW YORK/LONDON, May 21 : Oil prices fell and stocks rose on Thursday as investors were optimistic about possible progress in peace talks over the Middle East war, although the U.S. and Iran stuck to opposing stances over Tehran's uranium stockpile and controls on the Strait of Hormuz.A senior ...
Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
May 21 : Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to improve performance around construction zones and flooded roadways.The suspension comes as Waymo, which has b ...
Apple asks US Supreme Court to review contempt order in Epic Games lawsuit
WASHINGTON, May 21 : Apple asked the U.S. Supreme Court on Thursday to review a lower court ruling that held the iPhone maker in civil contempt over fees it was charging on some outside purchases made by customers of its App Store.The petition to the Supreme Court escalates a years-long legal battle ...
Workday beats first-quarter estimates on steady software demand
May 21 : Workday exceeded Wall Street expectations for first-quarter revenue and profit on Thursday, as demand for its AI-powered finance and human resources software services gathered pace, sending its shares up 9 per cent in extended trading.The company, which specializes in HR and payroll softwar ...
Oil prices gain as investors doubt breakthrough in US-Iran peace talks
Six weeks since a fragile ceasefire took effect, efforts to end the war have shown little progress
Oil prices rise as investors doubt breakthrough in US-Iran peace talks
Six weeks since a fragile ceasefire took effect, efforts to end the war have shown little progress
Take-Two sticks with 'GTA VI' launch timeline, forecasts annual bookings below estimates
May 21 : Take-Two Interactive forecast annual bookings below Wall Street expectations on Thursday, but reiterated the November 19 launch date for the highly awaited "Grand Theft Auto VI," sending its shares up around 7 per cent in extended trading. Investors and analysts are keeping a clos ...
Wall Street indexes end slightly higher as investors focus on Middle East peace hopes
The S&P 500 posted 11 new 52-week highs and four new lows while the Nasdaq Composite recorded 96 new highs and 108...
Commentary: The football world will watch EPL’s streaming service debut in Singapore
Singapore is prime testing ground for the English Premier League’s new streaming platform, says football writer John Duerden.
European equities end flat as investors await Middle East peace updates
Despite a recovery from lows hit during the conflict, European equities have struggled to bounce back to pre-war levels
Zoom raises annual forecasts, banks on AI features to drive demand
May 21 : Zoom Communications raised its annual revenue and profit forecasts on Thursday, betting on strong demand for its AI features as the video conferencing platform looks to shore up enterprise and consumer spending.Shares of the company were up more than 7 per cent in extended trading.Zoom has ...
Cox Media fined for claiming it used AI to track consumer conversations
May 21 : The U.S. Federal Trade Commission fined Cox Media Group and two other companies for falsely claiming they could use AI to target ads based on conversations consumers had near their smart devices, the agency said on Thursday.Here are some details:• The company falsely told potential advert ...
Meta settles first US case over school costs tied to youth mental health, court filing shows
May 21 : Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms.The agreement fully resolves a lawsuit brought by Breathitt Coun ...
Oil prices close 2% lower on uncertain prospects for US-Iran deal
NEW YORK, May 21 : Oil prices were volatile on Thursday, ultimately settling about 2 per cent lower as uncertainty over prospects for resolving the U.S.-Israeli conflict with Iran weighed on the market.Brent crude futures settled at $102.58 a barrel, down $2.44, or 2.3 per cent on Thursday, while U. ...
Spotify cranks up AI push with Universal Music deal, lays out bold growth targets
May 21 : Spotify on Thursday laid out an ambitious roadmap to drive growth and profitability through the end of the decade, doubling down with AI-powered features to boost user engagement and partnering with Universal Music, sending shares up 13 per cent.The Swedish audio-streaming giant unveiled a ...
Google, Meta, TikTok hit by EU consumer complaints about handling of financial scams
BRUSSELS, May 21 : Alphabet's Google, Meta Platforms and TikTok were hit with complaints from European Union consumer groups on Thursday for allegedly failing to protect users from financial scams on their platforms, putting them at risk of regulatory fines.The move highlights growing pressure ...
Analysis:SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision
May 21 : Investors buying into SpaceX's nearly $2 trillion IPO are making a high-stakes wager that CEO Elon Musk can turn a fast-growing satellite business into something far bigger, using an unproven rocket to unlock an ambitious push into AI.Musk has grown SpaceX into the world's largest ...
Exclusive-Modal Labs valued at $4.65 billion as AI coding takes off
SAN FRANCISCO, May 21 : AI startup Modal raised $355 million in a new round of financing, valuing the company at $4.65 billion, CEO Erik Bernhardsson told Reuters.AI startups have been whipped by two shifts this year: the surge in AI coding and the increasing scarcity of computing power. Modal Labs ...
Singamas says company, Teo Siong Seng have not been served with any legal process by DOJ
Tay Peck Gek - PIL declines comment on its unit Singamas’ legal matters; Singamas shares fall 13.6% on news of alleged price collusion
Teo Siong Seng price-fixing allegation: PIL declines comment on Singamas’ legal matters
Tay Peck Gek - Singamas Container Holdings’ share price falls 13.6% on news of a collusion among execs of 4 key container makers
Microsoft and EY to spend US$1 billion to help clients adopt AI
TECHNOLOGY giant Microsoft and consulting firm EY are partnering to spend more than US$1 billion to encourage their clients to launch major...
Grab hitches a ride on the AI wave as CEO Anthony Tan steers company into next phase of growth
Lionel Lim - The South-east Asian superapp has long invested in technology, believing it to be essential for growth
How Sats CEO Kerry Mok turned the group’s lowest ebb into sky-high results on a global stage
Derryn Wong - He explains why good leaders need to own everything, recruit people smarter than them and ‘over-communicate’
From China to the world – How Jane Sun leans on her global experience to drive Trip.com’s growth, culture
Elysia Tan - As the travel group advances, the CEO spotlights women and tech
