Trump declares US-China trade war, Bessent floats long truce
Daniel Flatley and Jennifer A. Dlouhy / Bloomberg - President Donald Trump said he saw the US as locked in a trade war with China, even as Treasury Secretary Scott Bessent proposed a longer pause on high tariffs on Chinese goods to resolve a conflict over critical minerals. “Well, you’re in one now,” Trump said Wednesday when asked by a reporte ...
Apple rolls out devices with more powerful M5 chip
The new, faster chip can power advanced AI-based applications
Is Keppel Reit’s deal Down Under a good move?
Ben Paul - Prime office landlord may continue diversifying geographically and across real estate asset classes to expand its portfolio
IMF says Japan should avoid adding debt as budget pressure grows
Japanese exporters, particularly automakers, have so far absorbed much of the tariff costs, helping to shield US consumers
United sees demand ‘strengthening’ as profits edge lower
UNITED Airlines reported a slight dip in profits on Wednesday as operating expenses ticked higher, adding that a strengthening demand outlook would...
US: S&P 500 ends higher after strong bank earnings, chip stocks rally
THE S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained...
HPE annual profit forecast misses estimate on margin crunch
The company is dealing with tighter margins in part due to building servers with expensive AI chips that have made the machines...
Europe: Stocks end higher as LVMH drives luxury rally
EUROPEAN stocks closed higher on Wednesday as France’s LVMH sparked a rally in luxury goods groups and eased concerns that slowing global growth...
HPE forecasts fiscal 2026 results below estimates, shares fall
Hewlett Packard Enterprise forecast annual profit and revenue below Wall Street expectations on Wednesday, as it shifts its server business toward artificial intelligence and networking following its Juniper Networks acquisition.Shares of the company were down about 8.5 per cent in after-hours tradi ...
Bank of England will lift stablecoin limits once threat to economy eases
The UK central bank will launch a consultation on the regulation for coins that are deemed systemically important by the end of...
Oil prices hit 5-month low on US-China trade tensions, looming supply surplus
[NEW YORK] Oil prices eased on Wednesday to a five-month low on escalating US-China trade tensions and the International Energy Agency’s prediction of...
Salesforce forecasts stronger-than-expected revenue of over $60 billion in 2030
Salesforce expects revenue of more than $60 billion in 2030, above Wall Street estimates, as the company rapidly rolls out AI features across its cloud services.Investors are pressuring cloud firms to show returns on the billions poured into AI, while an uncertain macro environment and volatile cust ...
Commentary: Southeast Asia is one of few economic bright spots from Europe’s point of view
Amid tariffs and great power competition, ASEAN has always sought to avoid being confined to a binary choice between the US and China. That’s where Europe should come in, says Chris Humphrey from the EU-ASEAN Business Council.
Core Scientific's board asks shareholders to vote for CoreWeave deal
Core Scientific's board urged its shareholders on Wednesday to vote for the crypto miner's proposed sale to CoreWeave as the company expects a number of benefits from the deal.CoreWeave announced its intention to buy Core Scientific in an all-stock deal valued at about $9 billion in July, ...
Adtalem, Google Cloud to launch AI credential program for healthcare professionals
Adtalem Global Education said on Wednesday it will partner with Alphabet's Google Cloud to launch an artificial intelligence credential program aimed at students and healthcare professionals to use AI tools in clinical practice.The program, set to debut in 2026, will provide students and practi ...
US Bancorp forms dedicated unit for digital assets, money movement
U.S. Bancorp said on Wednesday it had formed a new unit focused on digital assets and money movement to speed up development as well as grow the revenue from emerging digital products and services.Jamie Walker, a U.S. Bancorp veteran of more than 20 years, will lead the new unit.WHY IT'S IMPORT ...
BoE will only lift planned stablecoin cap when confident no threat
LONDON :The Bank of England will only remove proposed caps on the quantity of stablecoins individuals and businesses can hold when it is confident they do not pose a threat to financial stability.The central bank has taken a tougher stance than many authorities on embracing stablecoins, a type of cr ...
Microsoft to avoid French antitrust investigation as rival says its complaint will be dismissed
BRUSSELS :U.S. tech giant Microsoft looks set to avoid a French antitrust investigation into its search operations because regulators are planning to dismiss a complaint by Qwant, the French rival search engine said on Wednesday.Qwant, which has historically relied on Microsoft's Bing platform ...
US tech startup Anthropic unveils cheaper model to widen AI's appeal
Artificial intelligence startup Anthropic has overhauled its smallest AI model, Haiku, as companies increasingly opt for AI systems that are nearly as capable as the most advanced tools – but come at a fraction of the cost.Anthropic said on Wednesday that the updated model, called Haiku 4.5, is ab ...
Exclusive-Anthropic aims to nearly triple annualized revenue in 2026, sources say
Artificial intelligence startup Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year, fueled by the rapid adoption of its enterprise products, according to two people familiar with the matter.The company is on track to meet an internal g ...
Bessent says yen will find its own level if Bank of Japan follows 'proper' policy
WASHINGTON :U.S. Treasury Secretary Scott Bessent said on Wednesday the yen will find its own level if the Bank of Japan follows "proper monetary policy."Bessent made the remarks to reporters when asked whether the yen's recent level was reasonable or a bit too weak.In August, he said ...
Meta taps Arm Holdings to power AI recommendations across Facebook, Instagram
Meta Platforms said it is partnering with chip tech provider Arm Holdings to power the systems that drive personalization across its apps, including Facebook and Instagram, as companies rush to upgrade the chip technology underpinning their services.The social media giant will use Arm-based data cen ...
Meta commits $1.5 billion for AI data center in Texas
NEW YORK :Meta Platforms said on Wednesday it would invest $1.5 billion in a data center in Texas, breaking ground at its 29th such facility globally, as the social media giant expands infrastructure to support artificial intelligence workloads.The data center in El Paso, Meta's third in Texas, ...
Former OCBC CEO Samuel Tsien appointed as new Jardine C&C independent chairman
Young Zhan Heng - He will be the first to assume this role in the company
Global public debt to top 100% of GDP by 2030, highest post-World War II: IMF
Rising debt-servicing costs are adding pressure to government’s budgets
US judge set to approve Rio Tinto's $138.75 million Mongolia mine settlement
NEW YORK :A U.S. judge on Wednesday said he was ready to approve Rio Tinto's agreement to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and ...
LVMH surges to biggest daily jump in 20 years as China demand sparks US$80 billion luxury rally
The strong sales figures surprise investors and are expected to sustain momentum in luxury stocks
Walmart on path to trillion-dollar status after OpenAI alliance
[NEW JERSEY] Walmart is on track to join the “elite” crop of companies with a trillion-dollar valuation, after its announced partnership with...
US warns that hackers using F5 devices to target government networks
WASHINGTON :U.S. government officials said on Wednesday that federal networks are being targeted by an unidentified "nation-state cyber threat actor" that's trying to exploit vulnerabilities in products made by the cybersecurity company F5.In a statement and an accompanying emergency ...
US says 'significant cyber threat' hitting federal networks using F5 devices
WASHINGTON :U.S. government officials said on Wednesday that federal networks are being targeted by an unidentified "nation-state cyber threat actor" that's trying to exploit vulnerabilities in products made by the cybersecurity company F5.In a statement, the Cybersecurity and Infrast ...
Cybersecurity firm F5 discloses nation-state hack, says operations unaffected
Cybersecurity firm F5 said on Wednesday it had detected unauthorized access to certain company systems by a highly sophisticated nation-state threat actor, but the breach had no impact on its operations.The company discovered the intrusion on August 9 and took "extensive actions" to contai ...
Q&M proposes to buy interest in dental group in Thailand
Tan Nai Lun - Purchase consideration will be satisfied by a combination of cash and new ordinary shares
US: Wall St opens higher on positive bank results, chip stocks' rally
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Oct 15), boosted by solid results from major banks, while chipmakers rallied...
Abbott posts higher quarterly revenue on strong medical device demand
Total revenue rose 7.1 per cent to US$11.4 billion
