TeraWulf jumps on $19 billion data center lease deal with Anthropic
July 6 : TeraWulf said on Monday it signed a 20-year lease with Anthropic for data center infrastructure, a deal expected to generate about $19 billion in contracted revenue, sending the bitcoin miner's shares up more than 10 per cent in early trading.The deal secures long-term, recurring reven ...
AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
July 6 : Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discretionary, transport and biotechnology shares. In a note dated Monday, the brokerage ...
Micron, Ford sign semiconductor supply agreement for vehicles
July 6 : Micron Technology and Ford Motor on Monday signed a long-term agreement to secure the supply for memory and storage platforms used in the automaker's next-generation vehicle production.This comes days after Micron's similar agreement with General Motors, as part of the chipm ...
ECB payment system suffers second outage in a week
FRANKFURT, July 6 : The European Central Bank's payment system on Monday suffered a second, short outage in the space of a week due to a glitch caused by a software update.The T2 system, which handles trillions of euros of daily transactions, was down for roughly 40 minutes in the early hours o ...
Blackstone, CVC and MUFG among bidders for stake in Vietnam’s fintech firm MoMo: sources
The investor interest comes as Vietnam’s digital financial services market expands
Solstice buys Element Solutions in $14.5 billion deal, sharpens focus on AI market
July 6 : Honeywell spinoff Solstice Advanced Materials said it will buy peer specialty chemical company Element Solutions in a $14.5 billion deal, as it seeks to capitalize on growing demand from AI data centers and the chip industries.The deal would create a larger supplier of materials used in sem ...
Honeywell spinoff Solstice to buy Element Solutions for $14.5 billion
July 6 : Honeywell spinoff Solstice Advanced Materials said on Monday it will buy Element Solutions at about $14.5 billion, including debt, in a cash-and-stock deal.The deal comes less than a year after Solstice completed its spin-off from industrial conglomerate Honeywell International. The combina ...
Broadcom, Apple extend chip partnership through 2031
The extended partnership reinforces Apple’s strategy of locking in long-term supply agreements with key chipmakers
Malaysia sets July hearing on Lynas-Pentagon US$96 million rare earths deal
The hearing is aimed at ascertaining details of the deal and whether it breaches any local policies
Broadcom, Apple extend chip supply deal through 2031
July 6 : Broadcom said on Monday it has agreed to expand its partnership with Apple through 2031 to develop and supply a range of custom chips, sending the shares of the chipmaker up nearly 4 per cent in premarket trading.Broadcom has been a supplying key components to Apple for a very long time, in ...
US dollar edges up; keeps yen pinned near 40-year lows
The dollar found its feet after having posted its worst weekly performance since April last week
Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy's public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per ...
Hedge funds dumped chip stocks for a fourth week as AI shares sold off
LONDON, July 6 : U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent decline in global chip shares and just before many of these companies will report earnings.Tech shares and especially semiconductors ...
Nvidia chips case: Man charged with fraud allegedly used over S$38m in ill-gotten gains to buy house
Alan Wei Zhaolun, 50, is accused of using more than S$38 million to buy a house in Chee Hoon Avenue, near Adam...
Indonesia’s long-term draw intact despite market, currency jitters, says new SBF chairman
Renald Yeo - The business chamber and Indonesia’s Kadin sign 2-year agreement to help companies trade more easily across borders
Nvidia supplier Unimicron seeks US$1.4 billion share sale amid AI boom
An AI frenzy that has lifted the Taiwanese chip supplier’s stock more than 700% over the past 12 months
CLSA starts Food Empire at ‘outperform’ with $3.60 target price
Felicia Tan - Analyst Mahir Murtaza has initiated an “outperform” call on Mainboard-listed Food Empire Holdings with a target price of $3.60. “Food Empire is misread: the market is still pricing it as a Russia-exposed 3-in-1 sachet business, not the emerging-market coffee platform it has quietly become,” ...
Financial services AI dangers highlighted by regulator's review
LONDON, July 6 : Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions.In a review commissioned by the Financial Conduct Authority and published on Monday, t ...
Britain should consider regulating AI models, FCA official says
LONDON, July 6 : Britain should review whether large language models such as ChatGPT, Claude and Gemini should be regulated as general-purpose AI tools as they increasingly influence consumer financial decisions, a senior official said on Monday. Financial Conduct Authority Executive Director Sheldo ...
Thales strikes deal for controlling stake in sea drone maker Exail
Thales and Exail see anti-submarine warfare addressable market increasing almost tenfold to over 700 billion euros in 2030
South Korea’s SK Hynix launches US$28 billion US listing to ride global AI wave
The company will sell 17.79 million new shares in Nasdaq depository receipts
Singapore stocks rise amid mixed regional trading; STI up 0.3%
Thai Beverage leads the blue-chip gainers with a 2.3% or S$0.01 increase to S$0.45
Denmark intervenes in EU court case over publishers' rights
July 6 : The Danish government has filed a written intervention in the European Court of Justice's case pitting tech companies against Belgium's government, citing the potential impact of the case on the rights of Danish media houses, the Culture Ministry said on Monday.Streamz, Google, Me ...
World absorbs historic Iran war oil supply loss, but depleted stocks bring risks
The global economy has drained the buffers that shield it from supply crises, data from the International Energy Agency indicates
Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong o ...
ITV and Comcast's Sky reshape British TV landscape with $2.1 billion deal
LONDON, July 6 : Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion to compete with global players YouTube, Netflix, Amazon and Disney.Sky CEO Dana Strong said the deal, announced on M ...
ITV and Sky reshape British TV landscape with $2.1 billion deal
LONDON, July 6 : Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney.Sky CEO Dana Strong said the deal, ann ...
China’s biggest ETF is now a US$13 billion gold fund as state stock market support fades
The reshuffling of country’s largest ETFs offers a picture of where investors are putting their money
In San Francisco, even US$180,000 tech salaries are no longer enough
As OpenAI and Anthropic prepare to go public, workers making six figures are grousing that they cannot compete with the new AI...
Singapore’s equity market gains raise bar for new IPOs: OCBC
Ranamita Chakraborty - The stronger capital market has rerated local equities, making investors more selective about backing new IPOs
KGI's Chong starts China Sunsine at 'outperform' with $1.145 price target
The Edge Singapore - Chong Ting Shuo of KGF Securities has initiated coverage on China Sunsine Chemical Holdings with an "outperform" call and target price of $1.145. China Sunsine is described by Chong as a company whose products are "embedded in a mission-critical tyre input chain". The company sup ...
Japanese brewer Sapporo Breweries, Carlsberg to invest in US$643 million Singapore-based JV
This expands the parties’ existing partnership in Malaysia, Hong Kong and Singapore to include Vietnam, Laos and Cambodia
Chee of DBS maintains 'buy' on DFI Retail following acquisition of HK advertising platform
The Edge Singapore - Chee Zheng Feng of DBS Group Research has kept his "buy" call and US$5 target price on DFI Retail Group Holdings after its US$3.8 million acquisition of Cody HK, a leading Hong Kong out of home advertising operator with assets spanning buses, taxis, trams and other outdoor media formats, f ...
Singapore, Indonesia vow closer cooperation, call for free passage through Strait of Hormuz
Renald Yeo - Ministers from the two neighbours pledge to keep markets open, maintain unimpeded trade flows, and strengthen regional supply chains
