Netflix-Warner Bros deal could offer viewers relief from subscription fatigue
Jan 21 : Nick LaFleur is one of many Americans who think a Netflix-Warner Bros tie-up might provide some relief from "subscription fatigue."The New York City resident has held on to a full poker hand of streaming services - Netflix, Disney+, Apple TV, HBO Max and Paramount+ - even as price ...
AI company Eightfold sued for helping companies secretly score job seekers
Jan 21 : Eightfold AI, a venture capital-backed artificial intelligence hiring platform used by Microsoft, PayPal and many other Fortune 500 companies, is being sued in California for allegedly compiling reports used to screen job applicants without their knowledge.The lawsuit filed on Tuesday accus ...
Bezos' Blue Origin to deploy thousands of satellites for new "TeraWave" communications network
WASHINGTON, Jan 21 : Jeff Bezos' space company Blue Origin on Wednesday announced a plan to deploy 5,408 satellites in space for a communications network that will serve data centers, governments and businesses, with plans to start satellite deployment in late 2027. (Editing by Franklin Paul)
US dollar edges up after Trump rules out military action in Greenland
US President Donald Trump ruled out the use of military action in Greenland, and since the US dollar has risen from three-week lows.
Toyota affiliates in $436 million settlement over alleged forklift engine emissions cheating
Jan 21 : Three Toyota affiliates reached a settlement worth an estimated $436 million of a proposed U.S. class action accusing them of emissions cheating in nine engines for forklift trucks.A preliminary settlement with Toyota Industries, the world's largest maker of forklift trucks, and two su ...
Hand stencil in Indonesian cave seen as the oldest-known rock art
Jan 21 : The painted outline of a human hand inside a cave on the Indonesian island of Muna represents what researchers are calling the oldest example of rock art in the world, created at least 67,800 years ago.The reddish-colored stenciled image has become faded over time and is barely visible on a ...
Customer experience platform Toku’s IPO 31.9 times subscribed
Benjamin Cher - The company raises total gross proceeds of about S$16.3 million
UOB’s Sydney branch prices A$2 billion in five-year notes
Renald Yeo - They comprise A$750 million in floating-rate notes and A$1.25 billion in fixed-rate notes
Wall Street opens higher after rout, Trump speech in focus
[NEW YORK] US stocks staged a modest recovery on Wednesday (Jan 21) after the sharpest equities sell-off in three months, as investors...
Trump tells Europe and Nato to hand over Greenland – or else
He casts the request as a ‘small ask’ over a ‘piece of ice, cold and poorly located’
Trump says US will not use force to acquire Greenland
He downplays the issue as a ‘small ask’ over a ‘piece of ice,’ claiming it won’t threaten the Nato alliance
SAP shares hit 17-month low as AI-driven selloff burns $130 billion
MILAN, Jan 21 : Shares in Germany's SAP extended a months-long downtrend on Wednesday, falling to their lowest since August 2024 and bringing the loss in market value since last year's record high to around $130 billion.The decline is part of a broader selloff that has hit software stocks ...
Toku’s $16.25 mil IPO 1.9 times subscribed
Kwan Wei Kevin Tan - The initial public offering (IPO) of local technology company Toku was 1.9 times subscribed. The cloud communications and customer experience platform is the first company to list on the SGX in 2026. Toku’s offer period ran from Jan 14 to Jan 20. The company’s shares will commence trading at 9 a ...
Asian equities hold ground as Japan bond jitters ease; Wall Street up in early trade
Renald Yeo - Spillover from Japan’s debt market moves appear limited as regional investors turn to policy signals from Davos
Asian equities hold ground as Japan bond jitters ease, after Wall Street slide
Renald Yeo - Spillover from Japan’s debt market moves appear limited as regional investors turn to policy signals from Davos
Medical AI startup OpenEvidence doubles valuation to $12 billion in latest round
Jan 21 : OpenEvidence, an AI startup whose tools are used by U.S. physicians, has raised $250 million in fresh funding at a $12 billion valuation, the Nvidia and Google Ventures-backed company said on Wednesday, doubling its value in just three months.The surge in generative AI investment has so far ...
Lemonade to halve Tesla insurance rates for miles driven with software assistant
SAN FRANCISCO, Jan 21 : U.S. insurer Lemonade said on Wednesday it would offer a 50 per cent rate cut for drivers of Tesla electric vehicles when the automaker's Full Self-Driving (FSD) driver assistance software is steering because it had data showing it reduced accidents. Lemonade's mov ...
Lemonade to cut insurance rates for Tesla drivers in endorsement of EV maker's software technology
SAN FRANCISCO, Jan 21 : U.S. insurer Lemonade said on Wednesday it would offer a 50 per cent rate cut for drivers of Tesla electric vehicles when the automaker's Full Self-Driving (FSD) driver assistance software is steering because it had data showing it reduced accidents. Lemonade's mov ...
Singapore Precious Metals Exchange, director to be charged over alleged US$81 million in unlicensed payment services
Deon Loke - If convicted, Victor Foo faces a fine not exceeding S$125,000, imprisonment for a term of up to three years, or both
OpenAI seeks to increase global AI use in everyday life
It aims to expand the reach of its products and close the gap between countries with and without access to AI
Brazil central bank liquidates Banco Master's Will as Mastercard suspends cards
SAO PAULO/BRASILIA, Jan 21 : Brazil's central bank ordered on Wednesday the liquidation of Will Financeira SA, a unit of troubled lender Banco Master, in the latest drastic step involving illiquid institutions tied to the conglomerate.The move comes a day after Mastercard said it had suspended ...
Intel results to spotlight turnaround efforts as AI data centers boost chip demand
Jan 21 : Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data center build outs were fueling strong demand for its traditional server chips.A slew of high-profi ...
US inflation, not geopolitics, remains biggest risk to markets in 2026, says this chief investment strategist
Vivien Shiao - LGT Private Banking’s Stefan Hofer cautions that market volatility will be ‘much higher’ this year
Saudi's Humain secures up to $1.2 billion to expand AI infrastructure
ABU DHABI, Jan 21 : Saudi Arabia's National Infrastructure Fund and Humain, the kingdom's artificial intelligence company, announced a financing agreement of up to $1.2 billion on Wednesday to support the expansion of AI and digital infrastructure in the country.The agreement outlines non- ...
Temu office in Turkey raided by competition authorities
Jan 21 : Chinese online retailer Temu's office in Turkey was raided early on Wednesday by competition authorities, a spokesperson for Temu, told Reuters."We will cooperate fully with the Turkish authorities," the spokesperson said, adding that laptops and computers were taken.Turkey& ...
Food Empire Holdings sold 1 mil treasury shares to international institutional investor
Nicole Lim - Food Empire Holdings (FEH) has sold 1 million treasury shares at $2.635 per share to a “reputable” international institutional investor by way of a married deal. The value of the treasury shares sold is $1.95 million, and FEH will hold 3,117,574 treasury shares after the sale. The percentage of ...
Ryanair says online sparring with Musk is good for business
Bookings have risen 2% to 3% in the aftermath of the social media brawl between the corporate titans
AirAsia seeks to start Bahrain hub this year, deputy CEO says
The low-cost carrier has raises RM 1 billion in a private placement as part of the restructuring exercise
Aims Apac Reit trustee issues S$150 million perpetual securities at 4.1%
Deon Loke - The perps are issued under a S$750 million multicurrency debt issuance programme started in November 2018
Oil prices edge higher on force majeure at Kazakh field, slow Venezuela exports
HOUSTON, Jan 21 : Oil prices rose on Wednesday on optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan and as a low volume of Venezuelan oil exports highlighted slow progress in reversing output cuts in the South American country.Brent futures were up 40 cents, ...
Oil prices tick up as investors assess force majeure at Kazakh field
HOUSTON, Jan 21 : Oil prices were little changed on Wednesday as optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan was offset by expectations of a build in U.S. crude inventories.Brent futures were up 6 cents, or 0.1 per cent, to $64.98 a barrel at 11:33 a.m ...
Oil prices tick up as investors assess force majeure at Tengiz oilfield
LONDON, Jan 21 : Oil prices rose on Wednesday as investors assessed a temporary shutdown at two large fields in Kazakhstan, expectations of a build in U.S. crude inventories and fresh geopolitical tension tied to U.S. tariff threats in its bid to gain control of Greenland.Brent futures gained 11 cen ...
Oil prices rise as investors assess force majeure at Kazakhstan's Tengiz oilfield
LONDON, Jan 21 : Oil prices rose on Wednesday as investors assessed a temporary shutdown at two large fields in Kazakhstan, expectations of a build in U.S. crude inventories and fresh geopolitical tension tied to U.S. tariff threats in its bid to gain control of Greenland.Brent futures gained 20 cen ...
Oil prices dip on supply build expectations, Greenland tension
LONDON, Jan 21 : Oil prices dipped on Wednesday as investors assessed expectations of a build in U.S. crude inventories, a temporary shutdown at two large fields in Kazakhstan and fresh geopolitical tension tied to U.S. tariff threats in its bid to gain control of Greenland.Brent futures were down 1 ...
