With watchful eye on Iran war, crypto dodges UAE disruption
DUBAI, March 18 : Laia Fernández has been working as normal as a crypto marketing executive from her high-rise apartment in Dubai's gleaming downtown business district, even as occasional sounds of projectile interceptions act as reminders of the U.S.-Israeli war on Iran.While the conflict has ...
Indonesia tightens rules on dollar-buying as war spurs outflows
The monetary authority also needs to closely monitor inflationary pressures
Japan exports rise 4.2% in February from year earlier
TOKYO, March 18 : Japanese exports rose 4.2 per cent year-on-year in February, up for a sixth straight month, data from the Ministry of Finance showed on Wednesday. The result compared with a 1.6 per cent increase expected by economists in a Reuters poll.Imports grew 10.2 per cent in February from a ...
Musk's motives are debated as Twitter shareholder trial nears end
SAN FRANCISCO, March 17 : A lawyer for former Twitter shareholders suing Elon Musk urged a federal jury on Tuesday to hold the world's richest person liable for driving down Twitter's stock price in 2022 by attempting to back out of or renegotiate his $44 billion purchase of the social med ...
Prudential posts 12% rise in new business profit, flags US$7 billion shareholder returns
The company says that it now expects to return more than US$7 billion to shareholders over the 2024 to 2027 period
Marco Polo Marine wins 15-year chartering contract in Taiwan worth $118 mil
The Edge Singapore - Marco Polo Marine has won a 15-year charter contract worth NT$2.948 billion, or $118 million in Taiwan. The contract was won from Taiwan's Marine Port Bureau via its indirect subsidiary, PKR Offshore Co, to provide one emergency tug boat or salvage vessel to support Taiwan's maritime. This ...
Fintech lender SoFi disputes short seller Muddy Waters' report, considers legal action
SoFi rejects short-seller Muddy Waters' report, considers legal action
March 17 : SoFi Technologies said on Tuesday that it will explore potential legal action against short seller Muddy Waters Research and called its report from earlier in the day "inaccurate and misleading."
Top Japan firms set to offer big pay hikes, focus on Iran conflict ahead
TOKYO, March 18 : Many major companies are set to offer big pay hikes as they wrap up their annual wage talks with unions on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook.The ongoing wage talks have been ...
Top Japan firms offer big pay hikes, focus on Iran conflict ahead
TOKYO, March 18 : Major Japanese companies, including Toyota, offered big pay hikes in annual wage talks on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook.The ongoing wage talks have been largely insulate ...
Asian refiners scour the world for oil with Hormuz flows halted
Asia, which depends heavily on crude from producers in the Persian Gulf, faces the greatest exposure to the disruption
Japan manufacturers' mood hits 4-year high, Middle East risks weigh outlook: Reuters poll
TOKYO, March 18 : Japanese manufacturers' confidence improved to its highest level in over four years in March, buoyed by the chemicals and petroleum sectors and a recovery in the semiconductor market, the Reuters Tankan poll showed.However, concerns over the Middle East conflict, rising costs ...
Live Nation ticket director downplays ‘robbing them blind’ chats
A LIVE Nation Entertainment ticketing director, who once denigrated fans in an internal chat as “so stupid” for being willing to pay high fees...
Apac to lead Swiss private bank EFG’s growth; region contributes 25% of AUM
Benjamin Cher - Hong Kong remains a core market with an established wealth ecosystem and its position as a gateway to China
Exclusive-Nvidia preparing Groq chips that can be sold in Chinese market, sources say
SAN JOSE, California, March 17 : Nvidia is preparing a version of its Groq artificial-intelligence chips that can be sold to the Chinese market, two sources familiar with the matter told Reuters on Tuesday.Nvidia acquired Groq, an AI chip startup, late last year in a $17 billion deal and showed a ne ...
Amazon plans drastic cut in packages it sends through USPS, WSJ reports
AMAZON is looking to sharply cut the number of packages it sends through the US Postal Service, a move that could cost...
Amazon plans drastic cut in packages it sends through USPS
Amazon and USPS have been in talks for more than a year
US securities regulator issues long-awaited crypto guidance
The SEC’s new interpretation classifies crypto tokens into five categories
Insurer Prudential clocks 12% rise in annual new business profit
March 18 : Insurer Prudential posted a 12 per cent rise in annual new business profit on Wednesday, helped by resilient momentum in its Asia and Africa market. The London and Hong Kong dual-listed company said its new business profit on a traditional embedded value (TEV) basis was $2.78 billion for ...
Singtel hit by second disruption a day after eight-hour outage
Cybersecurity experts say it is possible for the two outages to be unrelated because telco networks are made up of many different...
Oil prices settle up 3% after renewed Iranian attacks on UAE
The Iran war shows no signs of abating
European shares gain ahead of key central bank decisions
EUROPEAN shares edged up on Tuesday, extending a calm start to the week, as investors battered by a selloff amid the Middle East...
Nvidia CEO says company is firing up H200 production for China
The Asian nation now only accounts for a small fraction
Commentary: In the shadow of Hormuz, Trump is still pursuing his tariff agenda
The latest US trade probes are designed for a specific political purpose - to reclaim lost leverage following the striking down of the “Liberation Day” tariffs, says Kevin Chen from the S Rajaratnam School of International Studies.
US stocks: Wall Street closes higher as traders turn to Federal Reserve
WALL Street ended higher on Tuesday, with gains in Delta Air Lines and other travel stocks, while the Federal Reserve began its two-day...
Nvidia sales opportunity for Blackwell, Rubin chips more than $1 trillion by 2027
SAN JOSE, California, March 17 : Nvidia CEO Jensen Huang said on Tuesday at a press conference that the revenue opportunity for the company's Blackwell and Rubin artificial intelligence chips is "likely to be larger than $1 trillion" by the end of 2027.Blackwell and Rubin are Nvidia&# ...
Likely meteor rattled residents in Ohio, Pennsylvania
March 17 : A kaboom, a fireball and white streaks in the skies over Pennsylvania and Ohio - seen as far as Virginia and Canada - were probably the signs of a meteorite landing near Cleveland on Tuesday morning, according to the National Weather Service and scientists.Rattled residents dialed 911, an ...
Exclusive-Amazon CEO sees AI doubling prior AWS sales projections to $600 billion by 2036
SAN FRANCISCO, March 17 : AmazonO> CEO Andy Jassy said during an internal all-hands meeting he expects artificial intelligence could help cloud computing unit Amazon Web Services achieve $600 billion in annual sales, double his own prior estimate.“I've been thinking for the last number of ...
Elon Musk, US SEC in talks to settle suit over 2022 Twitter disclosures
March 17 : Elon Musk and the U.S. Securities and Exchange Commission are in talks to settle the regulator's lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, which he eventually bought for $44 billion and renamed X.In a co ...
Elon Musk, US SEC in talks to settle lawsuit over Twitter disclosures
March 17 : Elon Musk and the U.S. Securities and Exchange Commission are in talks to settle the regulator's lawsuit accusing the world's richest person of waiting too long to disclose his purchases of Twitter shares in 2022.In a court filing, the SEC and Musk said they are "engaged in ...
Senator wants White House to answer if TikTok investors will pay $10 billion to US Treasury
March 17 : The top Democrat on the Senate Intelligence Committee on Tuesday asked the White House to answer if investors are paying $10 billion to the Treasury as part of the Trump administration-brokered sale of TikTok’s U.S. operations.Senator Mark Warner cited a Wall Street Journal report that ...
Analysts revise AI hyperscaler debt forecasts after Amazon bond sale
WASHINGTON, March 17 : Analysts anticipate a higher supply of debt being raised by the Big Five hyperscaler companies this year as they race to build out their data center infrastructure, following Amazon's near-record bond sale last week of roughly $54 billion in investment-grade bonds. Hypers ...
UBS faced brief incident that impacted trading business, source says
March 17 : UBS Group's global technology systems have been nearly restored on Tuesday after a brief incident that impacted some of its trading business, a person familiar with the matter told Reuters. The bank has identified the cause and deployed a fix, the person said. UBS has not issued a st ...
UBS faced technology outage that impacted trading business, Bloomberg News reports
March 17 : UBS Group has been working to fix a global technology outage that impacted some of its trading business, Bloomberg News reported on Tuesday. Some trading has been halted during the outage, the report said, citing people familiar with the matter.
