Thai PM reshuffles cabinet in bid to steady wobbly government
Patpicha Tanakasempipat / Bloomberg - Thai Prime Minister Paetongtarn Shinawatra revamped her cabinet, a move aimed at easing a political crisis that brought her government to the brink over her handling of a border dispute. The new cabinet line-up includes Jatuporn Buruspat, a former bureaucrat, as the new Commerce Minister and several ...
Judge greenlights S$810 million Thomson View en bloc sale
Jessie Lim - The condominium’s collective sale was met with a stop order in March, after efforts to address objections from a small group of...
Judge gives green light for S$810 million Thomson View en bloc sale
Jessie Lim - The condominium’s collective sale was met with a stop order in March, after efforts to address objections from a small group of...
Ray Dalio calls for bipartisan solution to address US ‘debt bomb’
Natalie Choy / Bloomberg - There is no way that the US “deficit/debt bomb” problem can be sustainably dealt with unless there is a bipartisan mix of tax revenue increases and spending decreases, Bridgewater Associates founder Ray Dalio wrote in a post on X. The billionaire said Republicans and Democrats understand the nee ...
South Korea wealth fund to boost bets on AI startups, eyes China tech
KIC has expanded to US$206.5 billion in assets under management as at end-2024
Asian shares rise, dollar weaker as US bill debate lingers; gold jumps
TOKYO :Asian shares crept higher and the dollar languished near multi-year lows on Tuesday as markets awaited a vote over U.S. President Donald Trump's landmark tax and spending legislation.Global shares reached an intraday record on Monday on trade optimism, but a marathon debate in the Senate ...
Stocks edge up, dollar wobbles as investors await Trump's tax bill
TOKYO/LONDON :Global shares edged up and the dollar traded near multi-year lows on Tuesday, having wrapped up its worst first-half performance since the 1970s, ahead of a vote over U.S. President Donald Trump's landmark tax and spending legislation.Global share markets rallied to an intraday re ...
Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says
Elon Musk's xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry.The $5 billion raised in debt ...
Sydney flights disrupted by heavy rain and winds, flood alert raised
[SYDNEY] Strong winds and heavy rain led airlines to cancel many domestic flights from Sydney on Tuesday as Australia’s weather bureau warned...
Gold rises on weaker US dollar as markets await Fed rate-cut clues
[BENGALURU] Gold prices rose on Tuesday (Jul 1), supported by a weaker US dollar, as investors awaited labour market data due later...
HDB resale prices rise at a slower 0.9% pace in Q2: flash data
Chong Xin Wei - Resale volume is down 5.9% on year with tight supply of resale flats for sale
HDB resale price growth slows further to 0.9% in Q2: flash data
Chong Xin Wei - Analysts predict 3-6% price gains in 2025 as resale supply tightens while new flat launches provide fresh options
Singapore private home prices flatten further, up 0.5% in Q2
Ry-Anne Lim - This follows a 0.8% increase in Q1 and a 40% drop in transaction volumes in Q2
Circle applies for US trust bank license after bumper IPO
Crypto platform Anchorage Digital is currently the only digital asset company with a national trust bank charter
Fed versus Trump on tariffs impact will soon be put to test
Amara Omeokwe / Bloomberg - It’s a widely held belief among economists that President Donald Trump’s tariffs will boost inflation notably over the next few months. But muted price increases so far have called that assumption into question, emboldening the White House and opening up divisions at the Federal Reserve. Anticip ...
Oil steady ahead of OPEC+ decision
LONDON :Oil prices were steady on Tuesday as investors assessed expectations that OPEC+ will announce an output hike for August at an upcoming meeting as well as trade negotiations.Brent crude was up 5 cents to $66.79 a barrel at 0901 GMT, while U.S. West Texas Intermediate crude was up 4 cents to $ ...
Oil edges down on expectations of more OPEC+ supply, tariff fears
Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown driven by prospects of higher U.S. tariffs.Brent crude futures for September delivery fell 16 cents, or 0.24 per cent, to $66.58 a barrel by 0000 GMT. U.S. West Texas Inte ...
S&P 500 ends quarter at fresh record on trade-talk optimism
Natalia Kniazhevich / Bloomberg - US stocks rose, closing at a fresh record as investors cheered progress in trade negotiations between the Trump administration and key partners as a tariff deadline nears. The S&P 500 Index rose 0.6%, extending a rally that pushed the benchmark to its first new high since February on Friday. The ...
Stocks to watch: CDL, UMS Integration, Capital World
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 1):
Trump floats Japan tariff, Hassett says deals after July 4
Catherine Lucey, Jennifer A. Dlouhy and Akayla Gardner / Bloomberg - President Donald Trump threatened to impose a fresh tariff level on Japan, while his top economic adviser said the White House aims to finalise deals with partners after the July 4 holiday. Trump’s latest round of brinkmanship with Tokyo on Monday comes just over a week before a July 9 deadline fo ...
Nissan seeks to delay supplier payments to free up cash, company emails show
[TOKYO] Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails...
New World Development scion Adrian Cheng resigns from board
Foster Wong / Bloomberg - New World Development Co.’s third-generation heir Adrian Cheng has completely quit the beleaguered Hong Kong property developer less than a year after stepping down as chief executive officer. Cheng tendered his resignation as a non-executive director and non-executive vice-chairman of New World w ...
Japan business mood improves despite tariff risks, BOJ tankan shows
TOKYO :Business sentiment among Japan's big manufacturers unexpectedly improved in the three months to June, a central bank survey showed on Tuesday, a sign companies are still awaiting clarity on the potential hit from steep U.S. tariffs.Sentiment among big non-manufacturers worsened slightly, ...
Japan's business mood holds up but US tariff worries grow, survey shows
TOKYO: Confidence among large Japanese manufacturers improved in the three months to June, a central bank survey showed, as firms maintained their bullish long-term spending plans, unfazed by the immediate potential hit from steep US tariffs. However, manufacturers slashed their profit estimates and ...
Struggling semiconductor firm Wolfspeed files for bankruptcy
The company has been in discussions with lenders, including Apollo Global Management, on its debt load and sought to refinance convertible bonds...
Zuckerberg debuts Meta ‘superintelligence’ group, more hires
The company has offered some researchers compensation packages, including stock awards, in the tens of millions of US dollars, a sign of...
Eight-country coalition aims to tax luxury air travel
[SEVILLE, Spain] Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers...
Apple weighs using Anthropic or OpenAI to power Siri in major reversal
The company currently powers most of its AI features with homegrown technology that it calls Apple Foundation Models
Fed’s Bostic says tariff pass-through may be slow, persistent
Jonnelle Marte / Bloomberg - Federal Reserve Bank of Atlanta president Raphael Bostic said tariff price increases may be incremental instead of a one-time bump, which could result in more persistent upward pressure on inflation. “There is a risk that seeps into the psyche of the consumer and the business leader,” Bostic sai ...
Apple loses bid to dismiss major US antitrust case
[WASHINGTON] A federal judge on Monday denied Apple’s motion to dismiss a major antitrust lawsuit brought by the US government, allowing the...
Technical body of Brazil antitrust regulator recommends ruling against Apple in iOS case
SAO PAULO :The technical body of Brazilian antitrust regulator CADE recommended on Monday a decision against Apple for what it called anti-competitive practices in the tech giant's iOS ecosystem.In a statement, CADE said the case, which follows a complaint by Latin America e-commerce firm Merca ...
Robinhood launches tokens allowing EU users to trade in US stocks
The tokens will be issued through a partnership with blockchain firm Arbitrum
Oil edges down on easing Middle East risks but gains for a second month
[HOUSTON] Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible Opec+ output increase in August.
OpenAI says it has no plan to use Google's in-house chip
-OpenAI said it has no active plans to use Google's in-house chip to power its products, two days after Reuters and other news outlets reported on the AI lab's move to turn to its competitor's artificial intelligence chips to meet growing demand. A spokesperson for OpenAI said on Su ...
