F&N to invest NZ$20.1 mil in New Zealand honey maker Comvita
The Edge Singapore - Fraser and Neave is investing in a New Zealand manuka honey business by chipping in some NZ$20.1 million ($15 mil) in a round of equity raising. New Zealand-listed Comvita plans to raise additional equity of some NZ$30 million by issuing new shares to existing shareholders at 65 NZ cents per share. ...
Remote working, prices drive US home coffee consumption to highest in 14 years
Coffee prices in the US remain historically high
Anthropic draws VC interest at up to $800 billion valuation, Business Insider reports
Anthropic draws offers from VCs to invest at up to $800 billion valuation, Business Insider reports
April 14 : Anthropic has received multiple offers from venture capital firms valuing the Claude maker at as much as $800 billion in recent weeks, more than double its current valuation, Business Insider reported on Tuesday, citing sources.Anthropic did not immediately respond to Reuters' reques ...
Japan manufacturers' confidence dips most in three years on Middle East concerns: Reuters Poll
TOKYO, April 15 : Japanese manufacturers' confidence posted its biggest month-on-month drop in more than three years in April, dampened by surging oil prices and supply-chain disruptions caused by the Middle East conflict, the Reuters Tankan poll showed.The monthly survey, a leading indicator o ...
Defensive S-Reits emerge as analysts’ top picks amid macro jitters
Deon Loke - Slower global growth, heightened inflation risks and asset value depreciation for China properties may persist
In defence of dreaming small: micro-SMEs in the modern city
Janice Heng - Singapore needs to nurture local champions for the global stage – but can afford to have some that stay home, too
Maine legislature approves first US moratorium on big data centers
(Refiles to add media packaging code, with no changes to text)WASHINGTON, April 14 : Maine lawmakers have passed a bill that could make it the first U.S. state to put a moratorium on new data centers as opposition to the electricity-hungry facilities grows across the country over their impact on hou ...
Lumen CEO says AI bots are taking over the Internet
The company handles 65 per cent of global Internet traffic
OpenAI unveils GPT-5.4-Cyber a week after rival’s announcement of AI model
OPENAI on Tuesday unveiled GPT-5.4-Cyber, a variant of its latest flagship model fine-tuned specifically for defensive cybersecurity work, following rival Anthropic’s announcement...
Unclear for now if inflation shock requires ECB rate move, Lagarde says
[WASHINGTON] The European Central Bank is not yet in position to determine if the current oil price-driven inflation shock is transitory or...
Lagarde says Europe’s economy has slipped below ECB baseline
Headline inflation in Europe has already jumped past the 2 per cent target
Wells Fargo profit rises on interest income, trading boost
Its net profit came in at US$5.25 billion, or US$1.60 per share
Oil plunges as US and Iran weigh second round of truce talks
Experts warn the consequences of the war on energy markets may still be felt through the coming months and years
European shares climb 1% to one-month highs on Middle East de-escalation hopes
EUROPEAN shares closed at their highest level in over a month on Tuesday, with investors welcoming signs of a resumption of Middle East...
US stocks: Wall Street rallies on renewed hopes for US-Iran talks, earnings boost
THE Nasdaq climbed 2 per cent while the S&P 500 finished up 1 per cent and near its record closing high on...
Meta extends custom chips deal with Broadcom to power AI ambitions
April 14 : Meta will work with chip designer Broadcom to produce several generations of custom artificial intelligence processors under an expanded deal as the social media giant races to build out the computing capacity needed to power AI features across its apps.Tuesday's announcement extends ...
Google sued by rival app store Aptoide over alleged monopoly
April 14 : A new antitrust lawsuit on Tuesday accuses Google of shutting out rival Android app stores by monopolizing app distribution and billing, violating U.S. antitrust law.Aptoide, a Portuguese company that specializes in mobile games and calls itself the world's third-largest Android app ...
OpenAI unveils GPT-5.4-Cyber a week after rival's announcement of AI model
April 14 : OpenAI on Tuesday unveiled GPT-5.4-Cyber, a variant of its latest flagship model fine-tuned specifically for defensive cybersecurity work, following rival Anthropic's announcement of frontier AI model Mythos.Mythos, announced on April 7, is being deployed as part of Anthropic's ...
South Korea import prices rise at sharpest pace in over 3 years
SEOUL, April 15 : South Korea's import prices rose in March at the sharpest pace in more than three years on a surge in oil prices sparked by the Middle East conflict, central bank data showed on Wednesday. The Bank of Korea's import price index rose 18.4 per cent in March from a year earl ...
Goldman Sachs files for its first bitcoin ETF product
April 14 : Goldman Sachs' asset management division plans to launch its first cryptocurrency exchange-traded fund in the coming months, according to a Tuesday filing with the U.S. Securities and Exchange Commission.The bank unveiled its ETF, designed to offer exposure to bitcoin's price as ...
NAACP sues Musk's xAI, alleging illegal operation of gas turbines
WASHINGTON, April 14 : The largest U.S. civil rights group on Tuesday sued xAI and a subsidiary, claiming they illegally operated more than two dozen gas turbines in Mississippi to power its Colossus 2 data center, posing a health risk to local residents.The NAACP, represented by Earthjustice and th ...
Wall Street monitors private credit risk as AI disruption, outflows cause concern
April 14 : Wall Street executives said they were stress‑testing or monitoring private credit portfolios as the asset class comes under scrutiny, but said they were comfortable with their exposure.The comments came after three of the six biggest U.S. lenders disclosed about $108 billion financing e ...
Theater group says Paramount, Warner Bros merger 'harmful' to industry
LAS VEGAS, April 14 : Paramount Skydance's proposed purchase of Warner Bros Discovery will consolidate too much power in one company and cause harm to consumers and the industry, the head of a cinema trade group said on Tuesday at the largest convention of movie theater owners.Warner Bros Disco ...
BoE's Bailey sees major cybersecurity risks in new Anthropic model
April 14 : Central banks and financial regulators must quickly understand the implications of a new artificial intelligence model that could pose major cybersecurity dangers, Bank of England Governor Andrew Bailey said on Tuesday."It would be reasonable to think that the events in the Gulf a ...
Amazon's $11.6 billion Globalstar deal will not fix rocket launch bottleneck, analysts say
April 14 : Amazon's $11.6 billion deal to buy Globalstar bolsters its space ambitions with satellites and wireless airwaves, but will not fix the crippling shortage of rocket launches needed to build out a network capable of rivaling SpaceX, analysts said.Rocket shortages, manufacturing disrupt ...
Italy court allows class action against Meta over Facebook data scraping
MILAN, April 14 : A Milan court on Tuesday accepted a class action brought by a consumer group against Meta Platforms over the theft of personal data suffered by Facebook Italy.According to the court order, the data scraping incident, which took place between January 2018 and September 2019 and was ...
EDIS ceased to be substantial shareholder of Addvalue Technologies
Teo Zheng Long - The Economic Development Innovations Singapore, or EDIS, has ceased to be a substantial shareholder of Addvalue Technologies (SGX: A31 ) . In an SGX filing dated April 14, EDIS disposed 55 million shares for a total consideration of $5.17 million, which translates to an average price of 9.4 cents. T ...
Disney to eliminate 1,000 positions
The cuts hit marketing group, ESPN’s studio and TV business, products and technology and certain corporate functions
Boeing jet deliveries slow in March due to 737 MAX wiring issue
[SEATTLE] Boeing said on Tuesday (Apr 14) it delivered 46 jets in March, down from 51 the prior month, as the company...
Japan exchanges eye call-option ETFs to attract global investors
Adding covered calls could boost the liquidity of listed single-stock options
'Blend' countries pay billions extra as access to cheap multilateral loans narrows
JOHANNESBURG, April 14 : Developing nations are paying tens of billions of dollars extra to fund infrastructure, education and health projects due to inadequate access to affordable loans from multilateral development banks (MDBs), a report showed on Tuesday.The study by ONE Data, the research and d ...
Amazon launches AI research tool to speed early-stage drug discovery
April 14 : Amazon's cloud unit on Tuesday launched Amazon Bio Discovery, an artificial intelligence application designed to speed early-stage drug discovery by allowing scientists to run complex computational workflows without writing code.Drugmakers and technology companies have stepped up eff ...
LREIT issues $120 mil worth of perpetual securities with 4.28% rate
Felicia Tan - The manager of Lendlease Global Commercial REIT (LREIT) has priced $120 million worth of perpetual securities (perps) with a fixed rate of 4.28% per annum. The perps, issued under LREIT’s $1 billion multicurrency debt issuance programme, will be offered denominations of $250,000 or integral multip ...
