Why DeFi must change to survive
Wesley Ng - A caveat: This article’s focus revolves around on‑chain smart contract exploits within decentralised finance (DeFi), the arena where AI and blockchain collide most dangerously. While an “AI-only” heist has yet to hit the mainnet, red-team benchmarks like Anthropic’s SCONE-bench and the A1 ...
Nvidia muscles into PC market with 'superchip' RTX Spark but Tan of DBS maintains 'buy' on AEM for now
The Edge Singapore - Amanda Tan of DBS Group Research has kept her "buy" call target price on AEM Holdings following news that Nvidia is targeting the PC segment - a market that has been synonymous for years with AEM's key customer Intel Corp. At the annual PC event in Taiwan, Nvidia, whose chips are main ...
China robotics firms line up IPOs to pitch next phase of AI
Hong Kong alone has at least 46 robotics-related companies in the pipeline, according to a report
STMicro lifts data centre revenue goals on AI demand, shares hit 25-year high
June 2 : STMicroelectronics raised the 2026 and 2027 revenue targets for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity.The Franco-Italian chipmaker's shares rose as much as 10 per cent to €65.21 per share, thei ...
STMicroelectronics raises data centre revenue target on AI demand
June 2 : STMicroelectronics raised the revenue target for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity.The Franco-Italian chipmaker now expects data centre revenue of about $1 billion in 2026, compared with its previ ...
AMRO keeps Asean+3 growth forecast at 4% but raises inflation outlook as Middle East conflict drags on.
Lynnette Tania Lee - The Asean+3 Macroeconomic Research Office (AMRO) has kept its 2026 growth forecast for the region unchanged at 4%, even as it raises its inflation projection to 1.8% from 1.4%, citing more prolonged disruptions from the Middle East conflict. In an interim update to its regional economic outlook rele ...
UltraGreen.ai's CEO Ravinder Sajwan raises stake after buying 78,800 shares at US$1.37 each
The Edge Singapore - Ravinder Sajwan, CEO of UltraGreen.ai, has raised his stake in the company after buying more shares on May 29. According to a filing with the exchange, Sajwan paid a total of US$108,042.68 for 78,800 shares, which works out to an average of just over US$1.37. In contrast to how Sajwan has all along ...
Nvidia has capacity to supply robust AI growth despite constraints: CEO Jensen Huang
The firm on Jun 1 unveiled a new chip that brings AI capabilities directly to personal computers
Amazon moves Prime Day back to June, keeps it a four-day event
NEW YORK, June 2 : Amazon.com will host its annual Prime Day sales event from June 23 to June 26 after launching the event in July for the past five years, citing major holidays and sporting events as factors in its decision.Prime Day is one of Amazon's biggest sales events of the year, and hel ...
Amazon moves Prime Day to June, keeps it a four-day event
NEW YORK, June 2 : Amazon.com will host its annual Prime Day sales event from June 23 to June 26 after launching the event in July for the past five years, citing major holidays and sporting events as factors in its decision.Prime Day is one of Amazon's biggest sales events of the year, and hel ...
Gojek founder Nadiem pleads not guilty, says ‘the world felt like it was ending’ when in prison
Elisa Valenta - Prosecutors demand an 18-year prison sentence and seek trillions of rupiah in restitution
Indonesia’s Gojek founder Nadiem Makarim pleads not guilty in high-profile corruption case
Elisa Valenta - Prosecutors demanded an 18-year prison sentence and sought trillions of rupiah in restitution
China’s central bank cuts cash operation to record low as bond rally deepens
The move marks the latest step by PBOC to mop up excess funds that accumulated as loan growth slowed sharply
Blackstone raises its largest Asia private equity fund with US$13.1 billion in final close of third such fund
Benjamin Cher - The firm has invested more than US$7 billion in Asia over 12 transactions in last 24 months
Australia's CBA flags surging AI costs as tasks grow complex, slams 'work slop'
SYDNEY, June 2 : The cost of using AI will rise in less predictable ways as companies deploy the technology for complex tasks, the head of Australia's biggest bank said on Tuesday, calling the expense a key emerging management challenge.Commonwealth Bank of Australia CEO Matt Comyn said busines ...
General Mills to sell mainland China Haagen-Dazs ice-cream shops to local tea brand Ningji
Western brands have been reassessing their approach to the world’s second-biggest economy,
Arm says ByteDance, Oracle use its data centre CPU chips
TAIPEI, June 2 : Chinese tech company ByteDance and U.S. data centre firm Oracle are among the customers of Arm's AI data centre chips, the head of the chip designing firm said on Tuesday.Speaking at the annual Computex conference in Taipei, Arm CEO Rene Haas said ByteDance and Oracle are custo ...
Why the agent computer is key to Singapore’s next era of productivity
Alexey Navolokin - As Singapore anchors its economic future to the power of artificial intelligence (AI), the national focus is shifting from theoretical adoption to practical application. The Infocomm Media Development Authority’s recent AI bootcamp launch for enterprises is a clear testament to this hands-on strat ...
BOJ should signal clear rate path after June hike, SMFG markets chief says
TOKYO, June 2 : The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond market, Sumitomo Mitsui Financial Group's global markets chief, Arihiro Nagata, told Reuters.The call for clearer guidance from Japan's ...
PhillipCapital's Chew maintains Geo Energy at 'buy' and 75 cents
The Edge Singapore - Coal miner Geo Energy Resource's 1QFY2026 earnings were below the expectations of Paul Chew of PhillipCapital, due to a decline in production volume in one of the mines nearing the end of its mine life. Having said so, the company will be boosting production in other mines, specifically, TRA, a ...
Alphabet plans to raise US$80 billion for AI goals, Berkshire to invest US$10 billion
The company has embarked on an unprecedented spending spree to build the infrastructure
Citing stable yield and visible growth, Maybank initiates ‘buy’ on UI Boustead REIT
Teo Zheng Long - Maybank Securities analyst Krishna Guha has initiated a “buy” call on UI Boustead REIT (SGX: UIBU ) as he sees the REIT having visible growth, coupled with stable yield. UI Boustead REIT’s portfolio of 23 assets in both Singapore and Japan spans across 5.3 million sq ft of net leasable area (N ...
Blackstone raises US$13.1 billion for its largest Asia private equity fund
Asian markets which offer a steady pipeline of buyout and growth opportunities, have been a major focus for global asset managers
DBS, OCBC at fresh highs as Singapore banks lead STI gains
Therese Soh - RHB cites wealth momentum as tailwind, lifts rating on Singapore banks to ‘overweight’
DBS, OCBC close at fresh highs as Singapore banks lead STI gains
Therese Soh - Citing wealth momentum as a tailwind, RHB lifts its rating on the Republic’s lenders to ‘overweight’
Blue Origin launch pad repairs could take 'serious time', NASA chief tells CNBC
June 1 : Damage to a Blue Origin launch pad from the spectacular explosion of the company's giant New Glenn rocket during a test firing of its engines last week will "take some serious time" to repair, NASA Administrator Jared Isaacman told CNBC on Monday.A 2028 time frame was "w ...
South Korea overtakes India as world’s sixth-largest stock market
The East Asian nation has vaulted past Canada, Germany, the UK, and France this year
US SEC defends settlement with Elon Musk over Twitter after judge overseeing case cites ‘red flags’
The judge questioned why the SEC fined the trust instead of Musk
Nvidia CEO says has capacity to supply robust CPU and GPU growth
TAIPEI, June 2 : Nvidia Chief Executive Jensen Huang said on Tuesday the company has enough supply to accommodate robust growth for central processing units (CPUs) as well as graphics processing units (GPUs).Huang was speaking at Nvidia's GTC press conference during Computex week in Taipei a da ...
Blackstone raises $13.1 billion for its largest Asia private equity fund
June 2 : Alternative asset manager Blackstone said on Tuesday it has raised $13.1 billion for its Asia private equity fund, higher than its target of $10 billion, and also marked its largest such fund raise in the region.
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
The family name and Singha brand empire have suffered a hit from the scandal
Japan tempers yen warnings despite renewed slide towards key 160 level
TOKYO, June 2 : Japanese financial authorities held back from stepping up verbal warnings on the yen on Tuesday even as it neared the key 160-per-dollar mark, a restraint analysts say reflects caution after recent interventions delivered only fleeting impact."We retain our stance of being ready ...
Japanese finance minister signals readiness to respond in FX market
TOKYO, June 2 : Japanese Finance Minister Satsuki Katayama said on Tuesday the authorities stood ready to respond in the currency market as needed.With the Strait of Hormuz remaining effectively closed, the oil market remains highly volatile, Katayama told a news conference."We retain our stanc ...
Dollar steady as traders await progress on Middle East peace talks
TOKYO, June 2 : The U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge. Investors have treated any progress towa ...
