AI cloud firm Nebius reports near eightfold revenue surge, shares jump
May 13 : Nebius Group reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from increasing demand for artificial intelligence infrastructure and cloud services, sending its shares up 14 per cent in early trading. The Amsterdam-based neocloud company is racing to secure capa ...
AI cloud firm Nebius reports near eightfold revenue jump, shares surge
May 13 : Nebius Group reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from rising demand for artificial intelligence infrastructure and cloud services amid a boom in enterprise spending on the technology.Shares of Amsterdam-based Nebius soared 13 per cent in premarket ...
Nebius reports higher quarterly capex on AI cloud expansion
May 13 : Nebius Group on Wednesday reported higher-than-expected first-quarter capital spending, driven by investments tied to the procurement of graphics processing units and data center hardware for its core AI cloud business.The company has grabbed a slice of the lucrative AI and cloud infrastruc ...
Daiwa House Logistics Trust posts 12.4% fall in Q1 NPI on weaker foreign currencies
Deon Loke - Also cited for the decline is a lower contribution from its Japan portfolio
Singapore stocks end higher despite Genting disappointment; STI up 1.2%
Jude Chan - The Resorts World Sentosa operator falls 10.1% to close at S$0.62, after posting a 55% drop in Q1 net profit
Genting Singapore shares down 10% on heavy volume; launches buyback of 4 mil shares
The Edge Singapore - Genting Singapore shares dropped by just over 10% on May 13 after reporting weaker 1QFY2026 earnings, which triggered a wave of downgrades from analysts. Genting Singapore shares dropped to as low as 61 cents before gaining just that slightly to close at 62 cents for the day, extending a drop of mor ...
Google unveils new android AI features ahead of Apple’s Siri revamp
This includes advanced capabilities for Gemini AI, redesigned emojis and improved Instagram video quality
Roundhill fund becomes fastest-growing ETF ever as retail investors seek semiconductor exposure
PROVIDENCE, Rhode Island, May 13 : Individual investors who can't seem to get enough of the red-hot market for semiconductor stocks have made a five-week-old exchange-traded fund the most successful ETF launch in history, according to market data and analysts.Since its launch on April 2, the Ro ...
ComfortDelGro posts 16.1% drop in 1QFY2026 patmi to $40.5 mil amid ‘challenging start’
Felicia Tan - ComfortDelGro has reported patmi of $40.5 million for the 1QFY2026 ended March 31, 16.14% lower y-o-y, amid a “challenging start” to 2026. Revenue, however, was up by 5.13% y-o-y to $1.23 billion driven by long-term contracts from the group’s public transport segment, offset by “challenges ...
Ex-BOJ chief Kuroda says yen unlikely to fall below 160 per dollar
TOKYO, May 13 : Former Bank of Japan Governor Haruhiko Kuroda said on Wednesday it was unlikely the yen would weaken beyond 160 per dollar as authorities appeared to be defending that level with currency intervention."My belief is that a dollar/yen rate around 120-130 is seen as an equilibrium ...
Analysis:Sizzling semiconductor trade at risk of cooling - and stalling US stocks rally
NEW YORK, May 13 : A stunning run-up in shares of semiconductor companies has helped drive the U.S. stock rally, but the eye-popping gains are sparking concerns about an overheated market and prompting some investors to prepare for a pullback.The latest wave of artificial-intelligence market enthusi ...
US SEC, Musk to argue for Twitter settlement before DC judge
WASHINGTON, May 13 : Attorneys for the U.S. Securities and Exchange Commission and Elon Musk will appear before a federal judge on Wednesday to argue for their $1.5 million settlement over the billionaire's purchase of Twitter, potentially shedding further light on the years-long dispute betwee ...
Tencent profit misses forecasts as higher spend offsets gaming gains
BEIJING: Tencent Holdings reported a 9 per cent rise in first-quarter revenue to 196.5 billion yuan (US$28.94 billion) on Wednesday (May 13), but fell short of the 198.96 billion yuan forecast by analysts.The Shenzhen-based company's revenue growth was driven by a strong gaming performance, wit ...
Vietnam EV maker VinFast says it will undergo corporate restructuring
The deal is expected to close in the third quarter of 2026
Singapore's SDAV for April up 6% y-o-y to $2.1 bil
The Edge Singapore - Singapore's securities daily average value (SDAV) was up 6% y-o-y to $2.1 billion in April, led by growing trading interest of small and mid caps, which was up 8% y-o-y to mark the highest proportion of cash equities turnover since July 2021, says the Singapore Exchange in its monthly market st ...
South-east Asia’s e-commerce market to hit nearly US$290 billion by 2029: study
Meera Pathmanathan - But as digital payments dominate, ‘uneven digital maturity’ is preventing SMEs from capitalising on growth
Blackstone drops $4 billion New World deal, Bloomberg News reports
May 13 : Blackstone has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development after the struggling property developer refused to hand over the reins, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Nations drawing down oil stocks at record pace: IEA
PARIS: Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said on We
ECB urges banks to quickly prepare for AI-assisted cyberattacks
FRANKFURT, May 13 : European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic's Mythos AI model or similar tools.Elderson, who is vice chair of the ECB's bank supervision arm ...
ECB urges banks to brace quickly for AI-assisted cyberattacks
FRANKFURT, May 13 : European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to quickly prepare for potential cyberattacks launched with the help of Anthropic's Mythos AI model or similar tools.Elderson, who is Vice Chair of the ECB's bank supervision arm ...
ECB's Elderson urges euro area banks to quickly prepare for Mythos
FRANKFURT, May 13 : European Central Bank board member Frank Elderson on Wednesday urged banks in euro area to quickly prepare for potential cyber attacks made with the help of Anthropic's Mythos AI model or similar tools.Elderson, who is Vice Chair of the ECB's bank supervision arm, said ...
AR Capital to target AI beneficiaries, ‘dividend growers’ in new EQDP fund
Ranamita Chakraborty - Company says it stands out from the pack by having its analysts and fund managers work as a single integrated team
Japan TOPIX firms see 6% net profit rise as AI, rates boost earnings, SMBC Nikko data shows
TOKYO, May 13 : Companies on Japan's TOPIX index with March year-ends are set to post nearly 6 per cent net profit growth this business year, driven by electronics and banking firms benefiting from AI-linked demand and rising interest rates, an SMBC Nikko Securities tally showed on Wednesday. ...
Singapore life insurers pay out over S$5 billion in Q1, the highest for quarter since 2021
Ranamita Chakraborty - It coincides with more people strengthening financial resilience by boosting health coverage, pursuing wealth accumulation: industry body
Zero-commission US equities trading for retail investors on POEMS
Lin Daoyi - Phillip Securities, the brokerage arm of PhillipCapital, is offering true zero-commission US equities trading for retail investors from 4pm, May 13. Users may trade US stocks, American Depository Deposits and exchange-traded funds (ETFs) through the POEMS’ Cash Plus Account to enjoy this service. ...
BYD in talks with Stellantis and others about taking Europe plants, Bloomberg News reports
May 13 : BYD is negotiating with Stellantis and other European car makers to take over underused factories in the region, Bloomberg News reported on Wednesday, citing the Chinese company's top international executive.Reuters could not immediately verify the report.
Nissan posts narrow profit for full business year
YOKOHAMA, Japan, May 13 : Nissan booked a narrow operating profit of 58.0 billion yen ($367.60 million) for the year ending March 2026 on Wednesday, benefiting from a one-off boost tied to U.S. emissions regulations and improved cost performance.The result for the full business year compared with a ...
Nissan predicts profit above $1 billion this fiscal year, modest Iran war hit
YOKOHAMA, Japan, May 13 : Nissan forecast more than $1 billion in profit for its fiscal year on Wednesday, predicting a relatively modest hit from the Iran war and an increasing impact from cost-cutting.The conflict was likely to hurt this year's operating profit forecast of 200 billion yen ($1 ...
Nissan posts narrow profit for fiscal year, beats analysts' estimates
YOKOHAMA: Nissan on Wednesday (May 13) reported an operating profit of ¥58.0 billion (US$367.60 million) for the year that ended in March, as an improved cost performance and a one-off boost tied to US emissions regulations offset a hit from Washington's tariffs.Analysts, according to an LSEG ...
Japanese investors sell foreign stocks in April as energy costs rise
May 13 : Japanese investors turned net sellers of foreign stocks for the first time in four months in April, as concerns over higher energy costs from the Iran war and the risk of broader inflation prompted caution on overseas equities.They divested a net 636.4 billion yen ($4.04 billion) of foreign ...
SoftBank books 1.83 trillion yen profit on OpenAI stake gains
The scale of the OpenAI wager have raised questions about financial pressures facing the company
SMFG profit more than triples, expects record annual earnings again
TOKYO, May 13 : Japan's second-largest lender, Sumitomo Mitsui Financial Group, on Wednesday booked a 350 per cent jump in fourth-quarter net profit and forecast another year of record earnings for the period to March 31, 2027.The banking group made 188.20 billion yen ($1.19 billion) in net pro ...
Indonesian stocks slide after MSCI culls six companies from its index
JAKARTA, May 13 : Global index provider MSCI said it will cut six companies from its Indonesia index at the end of May as it pushes for reforms in a market it has criticised for lacking transparency, sending their shares tumbling on Wednesday.Two of the six had been flagged by Indonesian authorities ...
European shares rise as oil prices slip on fragile US-Iran ceasefire
EUROPEAN shares rose on Wednesday, recovering from a sharp drop in the previous session, as oil prices retreated after peace negotiations between...
