Briefs: Nvidia CEO says it has plenty of new chips to sell; US has role to play for peace and prosperity, says Singapore
The Edge Singapore - Quoteworthy: "The question arises, who’s going to buy all these so-called risk-free assets? They’re not risk-free anymore. So public debt worries me a lot" –— Ravi Menon, former managing director of the Monetary Authority of Singapore Nvidia CEO says it has plenty of new chips to ...
Foxconn-Nvidia $1.4 billion Taiwan supercomputing cluster to be ready by H1 2026, Foxconn says
TAIPEI :Foxconn said on Friday that a $1.4 billion supercomputing centre it is building with Nvidia will be ready by the first half of 2026, and when complete will be Taiwan's largest advanced GPU cluster. The 27-megawatt data centre will be powered by Nvidia's new Blackwell GB300 chips an ...
Foxconn can make 1,000 AI racks a week, to increase next year, chairman says
TAIPEI :Foxconn Chairman Young Liu said on Friday the company now had the capability to manufacture 1,000 artificial intelligence racks per week, and it expected that rate to increase next year.Liu made the comments at the contract electronics manufacturer's tech day, which was attended by Foxc ...
Review group steps up equity market initiatives with second tranche, Nasdaq dual listings and lower board lot sizes
Felicia Tan - The Monetary Authority of Singapore (MAS) has announced the completion of the equities market review group’s work and the release of its final report, more than a year after the review group was announced in August 2024. National Development Minister Chee Hong Tat, who is also MAS’s deputy chair ...
Salt Investments’ maritime gamble: Can AI fix a sector stuck in pen and paper?
Frankie Ho - Anyone who has ever embarked on something transformative knows the need to challenge conventions, embrace uncertainty, and persist through setbacks that often accompany genuine innovation. Former civil servant Dennis Goh found himself at that juncture when he started an online portal in 2006 with th ...
Joby Aviation sues air-taxi rival Archer over trade secrets
eVTOL aircraft firms are racing to bring their vehicles to market, aiming to meet a demand for faster, more sustainable urban transportation
Rupee poised for muted open with Asia FX navigating risk-off, lower US yields
MUMBAI :The Indian rupee is set for a quiet open on Friday, with Asian currencies largely absorbing the latest bout of risk-off sentiment, supported by a slide in U.S. Treasury yields. The 1-month non-deliverable forward indicated the rupee will open largely unchanged versus the U.S. dollar, having ...
Rupee drifts higher tracking Asia FX, buoyed by interbank dollar offers
MUMBAI :The Indian rupee firmed slightly on Friday, tracking mild gains across Asian currencies and aided by interbank dollar sales, with traders pointing to a pickup in exporter hedging.The rupee was last at 88.6350 per U.S. dollar as of 10:20 a.m. IST, compared with 88.7050 in the previous session ...
Tech-focused French sovereign wealth fund Bpifrance preparing for ‘inevitable’ growth of crypto
Jovi Ho - France enjoys the advantage of having many elite schools in mathematics that are creating an ecosystem of developers and engineers working on artificial intelligence (AI). The European nation’s sovereign wealth fund hopes to grow this ecosystem and bring 500 deeptech start-ups to the fore each yea ...
Gold falls as strong US jobs data dims rate-cut prospects
Bullion has lost 0.3% so far this week
Southeast Asia is ‘not beholden’ to the rest of the world: DBS chief economist
Jovi Ho - Does Southeast Asia have to choose between the security supplied by the US and trade with China? DBS Bank’s chief economist Taimur Baig shrugs off this zero-sum assumption. “It’s great that the rest of the world is interested in Southeast Asia’s supply chain, and they all want to come and do ...
AvePoint is data governance powerhouse in Asia’s digital economy, thanks to regional focus
Julian Wong - For global tech firms, the Asia-Pacific region is no longer a “nice to have”. It is fast becoming the centre of gravity for digital transformation and cloud infrastructure. According to the McKinsey Global Institute, the region is projected to account for nearly half of global GDP growth by 2040 ...
Powering Asia’s future: Singapore’s critical role in sustainable capital mobilisation
Kim-See Lim - Singapore has a long track record of turning ambition into capital. As the region accelerates its energy transition, that role has never been more vital. From hydropower in Laos to offshore wind in Vietnam, Asia’s clean-energy potential is immense. But without sufficient private investment, much o ...
Oil extends decline by 1% as US presses for Russia-Ukraine peace deal
LONDON :Oil prices fell more than 1 per cent on Friday, extending declines for a third session as the United States pushed for a Russia-Ukraine peace deal that could swell global supply while uncertainty over interest rates curbed investors' risk appetite.Brent crude futures dropped by 83 cent ...
Oil extends decline by 1.5% on hopes for Russia-Ukraine peace deal
Oil prices fell 1.5 per cent on Friday, extending declines for a third straight session as the United States pushed for a Russia-Ukraine peace deal that could swell global market supply, while uncertainty over its rate cuts curbed investors' risk appetite.Brent crude futures fell 93 cents, or ...
Oil extends decline as US presses for Russia-Ukraine peace deal
LONDON :Oil prices fell on Friday, extending declines for a third session as the United States pushed for a Russia-Ukraine peace deal that could swell global supply while uncertainty over interest rates curbed investors' risk appetite.Brent crude futures dropped by 40 cents, or 0.6 per cent, t ...
Oil extends decline by 2% as US presses for Russia-Ukraine peace deal
LONDON :Oil prices fell more than 2 per cent on Friday, extending declines for a third session as the United States pushed for a Russia-Ukraine peace deal that could swell global supply while uncertainty over interest rates curbed investors' risk appetite.Brent crude futures dropped by $1.40, ...
Investors may want to keep an eye on cable
Nirgunan Tiruchelvam - Investors of a certain vintage may remember the movie The Cable Guy. This 1996 comedy was set on the cusp of the dot-com boom. Back then, cell phones were clunky bricks with antennas. Executives still wore suspenders. The movie features a cable-TV installer called Chip Douglas (played by Jim Carrey) ...
China’s fluid humanoid stuns – but US still rules robot brains
XPeng’s breakthrough has also drawn international attention
Temasek’s dividend extraction moves bring cheers to market
Felicia Tan - As the government unveils the second and final set of wide-ranging market-boosting measures on Nov 19, the wheels of fortune are starting to turn. Capital allocated to buying local stocks will increase demand and liquidity. And when individual companies give assurances of better returns, that’s a ...
Are you ready to sell your winning stock?
Thiveyen Kathirrasan - This week, the topic of when to sell a stock will be explored as part of this series on what to look for while investing. Investors generally buy stocks in the hope of making a positive return over a period. These returns may take the form of dividends and capital appreciation through share price fl ...
Fresh orange juice must be fresh
Daryl Guppy - These observations start in the very remote Australian outback, some 40 years ago, where a tiny café achieved national recognition. The food critic for a national newspaper passed through the town, ate at the café and reported that they served the best chicken parmigiana in Australia. Tourists mad ...
Rethinking Japan - Missing the alpha for the beta?
Chen Hsung Khoo - We are now three years into a regime change for Japanese equities and global investors are taking notice. The normalisation of the Japanese economy, after over three decades of deflation, is firmly on track and the corporate reform movement is now entrenched. As global investor appetite for Japanese ...
Nickel investors on edge as Indonesia tightens the screws on smelters
Elisa Valenta - New rules require applicants for refinery permits to stop producing intermediate nickel products
Asia tech stocks tumble on AI bubble fears
The downturn comes a day after a region-wide rally fuelled by an earnings report from AI bellwether Nvidia.
An AI bubble? The bond market is not seeing one
Shuli Ren - As a debt-fuelled AI investment boom takes off, especially in cloud and data centres, many are worried that a tech bubble is forming in the global economy. Big Tech has been rushing to sell corporate bonds lately. Five companies — Amazon.com, Alphabet, Meta Platforms, Microsoft and Oracle — have ...
Private education operators could potentially see renewed investor appetite
Teo Zheng Long - Private education operators listed on the Singapore Exchange (SGX) play a significant role in the region’s education and skills development ecosystem. As Singapore is a tightly regulated, globally connected education hub, these companies deliver a broad spectrum of academic programmes, vocational ...
‘Undervalued gem’ Nam Cheong to shine from more charter contracts
Daoyi Lin - Similar to the Straits Times Index (STI), the winds are propelling the sails of Mainboard-listed Nam Cheong’s share price. From between 15 cents and 20 cents in the middle of last year, its share price has surged threefold to close at 77 cents on Nov 18. The share price gain was backed by bottom-l ...
Samsung Elec names mobile chief co-CEO in return to traditional structure
SEOUL :Samsung Electronics said on Friday it has named its mobile chief TM Roh as a new co-CEO and head of its device experience division, which oversees the company's mobile phone, TV and home appliance businesses. The appointment returns Samsung to its traditional co-CEO structure, which divi ...
Bank of Japan drops fresh hints of near-term rate hike as yen slides
TOKYO :The Bank of Japan will discuss at upcoming policy meetings the feasibility and timing of a rate hike with a focus on next year's wage-growth impulse, governor Kazuo Ueda said, signalling the chance of a near-term rise in still-low borrowing costs.The remarks, which came after data showed ...
Bank of Japan signals chance of December rate hike as yen slides
TOKYO :Bank of Japan Governor Kazuo Ueda said he wanted "just a bit more data" on next year's wage-growth direction and warned of the boost a weak yen could have on underlying inflation, issuing the strongest signal yet on the chance of a December rate hike.Ueda also told parliament o ...
Higher targets for Yangzijiang Shipbuilding on order wins resumption
Teo Zheng Long - Adrian Loh of UOB KayHian has turned more bullish on Yangzijiang Shipbuilding, with a new target price of $4.10 from $3.90 previously, following the company’s 3QFY2025 business update, where, besides operational improvements, additional contracts are likely to be in the bag by the end of the year. ...
Frencken guides for softer FY2026, but stays upbeat on longer-term prospects
Teo Zheng Long - Numerous analysts remain bullish on Frencken Group and are maintaining their “buy” calls following the recent business update for 3QFY2025 ended Sept 30, despite the company's softer guidance. Frencken’s 3QFY2025 revenue rose 6.5% y-o-y to $211.5 million, while net profit grew 7.5% y-o-y ...
Salesforce says customer data possibly exposed following incident
(Corrects name of cybersecurity expert cited in paragraph 7)By Raphael SatterWASHINGTON :Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer data.In a brief statement published to its status portal, Salesf
