US software stocks slump on renewed AI disruption jitters
April 9 : U.S. software shares tumbled on Thursday as fears over disruptions from advances in AI returned to the forefront following a recent update from Anthropic.Investors have dumped the sector's stocks this year on worries that AI tools that are capable of automating human tasks could pose ...
US software stocks fall as Anthropic's new AI model revives disruption fears
April 9 : U.S. software shares tumbled on Thursday after Anthropic held back the wide release of a powerful AI model over concerns it could expose hidden cybersecurity vulnerabilities, deepening investor fears about the threat to traditional software firms.Anthropic said earlier this week it would o ...
Florida AG opens probe into OpenAI ahead of potential IPO
April 9 : Florida Attorney General James Uthmeier on Thursday launched an investigation into OpenAI and its chatbot ChatGPT, as the artificial intelligence firm prepares for an IPO that could value it at up to $1 trillion.In a video posted to X, Uthmeier said there were concerns about whether OpenAI ...
Brazil court removes BYD from list of firms linked to forced labor
RIO DE JANEIRO, April 9 : A Brazilian court issued an injunction removing Chinese automaker BYD from a government list of firms accused of employing workers in slavery-like conditions, a document seen by Reuters on Thursday showed.
CVC seeks partners to back 10.9 billion-euro Italian drugmaker Recordati deal: sources
The private equity firm has held initial discussions with investors including GIC about the possibility of teaming up
A 1,300% rally turns a tiny shipping ETF into an Iran war gauge
BWET has surged from around US$10 a share to nearly US$150 – making it the best-performing US-listed ETF so far in 2026
How war in the Middle East paralysed an Asian food giant
The scarcity of fuel and fertiliser is affecting production in Vietnam’s Mekong River Delta
India mulls payment lags, checks for senior citizens as digital fraud rises, RBI paper shows
April 9 : India's central bank is planning to introduce delays in high-value digital transactions and extra checks for payments made by senior citizens as part of broader measures to curb a surge in online fraud, a discussion paper released on Thursday showed.The suggestions come as digital pay ...
India's central bank mulls delay for some digital payments to curb fraud
April 9 : India's central bank on Wednesday suggested introducing a delay for certain digital payments above a threshold as part of measures to curb rising fraud, and sought stakeholder feedback on the proposals in a discussion paper.The Reserve Bank of India outlined four possible safeguards, ...
OpenAI pauses UK data centre project over regulation, costs
LONDON, April 9 : ChatGPT-maker OpenAI is pausing its main data centre project in Britain over an unfavourable regulatory environment and high energy costs, dealing a blow to the UK government's push to position the country as a global AI hub.Microsoft-backed OpenAI, which has emerged as a lead ...
Wall St opens muted over fragile Mideast truce
[NEW YORK] Wall Street’s main indexes opened muted on Thursday (Apr 9) after rallying in the previous session, as cracks emerged in...
Mercedes Q1 sales down in tough ‘transition year’ for China business
The German marque faces a cut-throat price war with Chinese brands in the premium segment
SiFive raises $400 million from Atreides, Nvidia for data-center chip technology
SAN FRANCISCO, April 9 : Silicon Valley startup SiFive said on Thursday it has raised a $400 million round of funding from Atreides Management, Nvidia and others to enter the booming market for data-center central processor chips.The round brings SiFive's valuation to $3.65 billion, and CEO Pat ...
Intel and Google to double down on AI CPUs with expanded partnership
April 9 : Intel and Google have expanded their partnership to advance the use of artificial intelligence-focused central processing units and to develop custom infrastructure processors, as shifting use of AI drives renewed demand for traditional computing chips.Companies are increasingly moving awa ...
CDL sets up S$2 billion multicurrency perpetual securities issuance programme
Chong Xin Wei - The net proceeds will be used to finance general working capital and corporate funding, and refinance existing borrowings
Samsung Electronics mulls investment in chip testing and packaging facilities in Vietnam
Samsung Electronics eyes investment in chip packaging plant in Vietnam
Japan watchdog checks banks' private credit exposure amid global strains, source says
TOKYO, April 9 : Japan's financial regulator has been conducting checks on private credit exposure at major financial institutions, a source told Reuters on Thursday, as concerns mount over strains in the $2 trillion global private credit industry.The Financial Services Agency (FSA) is examinin ...
Oil prices jump back up near US$100 a barrel on scepticism over fragile US-Iran ceasefire
There was scant sign that the Strait of Hormuz was open in any meaningful way, with Iran flexing its control over the vital oil artery and demanding tolls for safe passage.
US stocks extend gains, shrugging off ceasefire worries
There was little sign the Strait of Hormuz had reopened in any meaningful way, with traffic remaining extremely limited despite the ceasefire.
India's TCS tops estimates, says new AI models did not dent services demand
BENGALURU, April 9 : Tata Consultancy Services reported better-than-expected quarterly results on Thursday and said that new artificial intelligence models and tools in the market did not hurt demand for its offerings.The comments from India's top software-services exporter offered some relief ...
India's TCS beats fourth quarter view as North America holds up
BENGALURU, April 9 : India's top software services exporter Tata Consultancy Services beat profit and revenue estimates for the fourth quarter on Thursday, helped by strength in its North American market and a falling domestic currency.Sales for the quarter rose 9.7 per cent to 706.98 billion r ...
Reviving heritage buildings with digital technologies
Priya Devan / The Edge Malaysia - Upon exiting the Westminster Underground Station in London, one is greeted by the majestic sight of Big Ben set against the backdrop of the Palace of Westminster. This writer stood transfixed for several minutes, wondering how centuries-old buildings could appear aged, yet so fresh. Behind the rejuv ...
Robust trading across asset classes sends SGX securities turnover value up 78% on year in March
Chong Xin Wei - SGX says the growth in securities and derivative volumes comes from strong investor demand for risk management and investment tools from a...
Nvidia shares near level where technical traders see a breakout
Shares of the chip giant are up more than 10% in the past six sessions, their longest winning streak since October
Meta, CoreWeave deepen AI cloud partnership with fresh $21 billion deal
April 9 : CoreWeave has signed a fresh $21 billion deal to provide cloud computing capacity to Meta Platforms, deepening their partnership as the social media giant expands infrastructure to support rapidly increasing artificial intelligence workloads.The latest deal, which extends through December ...
CoreWeave signs $21 billion AI cloud deal with Meta
April 9 : CoreWeave said on Thursday it has entered into an expanded agreement to provide Meta Platforms with $21 billion in cloud capacity, as the social media giant scales its infrastructure to support increasingly complex AI workloads.Shares of CoreWeave rose nearly 8 per cent in premarket tradin ...
BlackBerry forecasts upbeat quarterly revenue, says turnaround complete
April 9 : BlackBerry on Thursday forecast first-quarter revenue above estimates, as the Canadian software company's turnaround gains traction on the back of strong demand across its cybersecurity and embedded software divisions.The company, once a dominant force in smartphones, has over recent ...
Uniqlo’s owner boosts profit outlook as overseas sales expand
It now sees operating income of 700 billion yen (S$5.61 billion), compared with its previous guidance of 650 billion yen
Oceanus Group inks MOU with HashKey Group to use regulated stablecoin settlement infrastructure in trade finance
The Edge Singapore - Oceanus Group has signed an MOU with HashKey Group to use regulated stablecoin settlement infrastructure in trade finance. The partnership will tap on Oceanus's trade finance platform, with HashKey's regulated settlement rails, creating a first of its kind "operating system" for ...
Fair winds and favourable seas buoy Seatrium
Goola Warden - As countries accelerate their pivot to renewable energy sources amid rising oil prices, Seatrium looks set to become a key player Seatrium could turn out to be a major beneficiary of the Iran War and its aftermath, as major economies in Europe, China and the US accelerate their pivot to renewables. ...
Wind power and converter platforms
Goola Warden - On March 30, Siemens announced it was awarded a GBP3 billion ($5.09 billion) contract by National Grid and Iberdrola for Eastern Green Link 4 (EGL4) converter stations. EGL4, along with EGL3, is a high-voltage electricity link between Scotland and England that would integrate more offshore wind ener ...
Singapore stocks fall on Thursday, tracking regional decline; STI down 0.4%
Renald Yeo - Losses are led by the local banks, which all finished in the red
Amazon CEO reveals AI revenue, dismisses spending doubts in annual letter
April 9 : Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported numbers on a business it has backed with billions of dollars in investment.The figure, based on first-quarter perfo ...
