US market rally is built on narrative that is loaded with risk
Geoffrey Morgan / Bloomberg - Bullish sentiment toward stocks is rampant in the US, as one Wall Street strategist after another raises their target for an S&P 500 Index that is repeatedly setting new records. Yet as optimism about further gains has solidified into something resembling a consensus, even the most bullish are c ...
China starts probes targeting US semiconductor sector
Bloomberg - China launched two investigations targeting the US semiconductor sector ahead of planned talks between the two nations on trade and other issues. The Ministry of Commerce said in a statement on Saturday that it’s opened an anti-dumping probe relating to certain American-made analogue IC chips, the ...
Australia to invest A$12 billion in Aukus defence hub near Perth
Ainsley Thomson / Bloomberg - Australia will spend A$12 billion on a defence hub to build naval ships and dock nuclear submarines, Prime Minister Anthony Albanese will announce Sunday, as Canberra seeks to bolster US backing for the Aukus pact. The funding commitment is for the development of the Henderson defence precinct, sout ...
Australia to invest A$12 bil in Aukus defence hub near Perth
Ainsley Thomson / Bloomberg - Australia will spend A$12 billion on a defence hub to build naval ships and dock nuclear submarines, Prime Minister Anthony Albanese will announce Sunday, as Canberra seeks to bolster US backing for the Aukus pact. The funding commitment is for the development of the Henderson defence precinct, sout ...
As drones swarm battlefields, militaries seek cheaper defences
Gerry Doyle and Aaron Kirchfeld / Bloomberg - The proliferation of uncrewed systems in the Ukraine-Russia war has highlighted the importance of drone defence capabilities. But the dilemma militaries around the world face is that the attack weapons tend to be far cheaper than the response to destroy them. Drone costs can range from just a few hu ...
Ticket reseller StubHub's IPO 20 times oversubscribed, source says
[BENGALURU] Ticket reseller StubHub, which delayed its US listing in April amid market volatility, has drawn over 20 times as many orders...
Hong Kong pitches itself as assembly base for China EV makers
[HONG KONG] Hong Kong is in talks with several Chinese electric-vehicle (EV) makers to establish local EV manufacturing, according to people familiar...
India tweaks IPO rules to allow easier listing for big firms
[MUMBAI] India’s securities market regulator on Friday (Sep 12) made it easier for very large private companies to go public in one...
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
[NEW YORK] The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4...
UK, US to sign multibillion-dollar tech deal during Trump's visit
The United Kingdom and the U.S. are preparing to sign a landmark technology agreement in the coming days as part of President Donald Trump’s visit to the UK, the British Embassy in Washington said on Saturday.This agreement aims to bolster collaboration between the two nations' trillion-dolla ...
China unveils plan to 'stabilise' auto sector growth
BEIJING: China unveiled a plan on Saturday (Sep 13) to "stabilise" growth in its auto sector in the face of a price war between competitors and export woes, state media repo
OpenAI to share 8% of its revenue with Microsoft, partners, The Information reports
[BENGALURU] OpenAI has projected that by the end of the decade it will be sharing about 8 per cent of its revenue...
Musk's xAI lays off hundreds of data annotators, Business Insider reports
[BENGALURU] Elon Musk’s xAI has laid off at least 500 workers from its data annotation team, which helps develop the company’s Grok...
China sets 2025 auto sales target below association forecast, vows tighter regulation
[SHANGHAI] China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected...
BlackRock to invest $700 million in UK data centres during Trump visit, Sky News reports
BlackRock plans to invest 500 million pounds ($700 million) in British data-centre infrastructure, one of a string of deals to be announced during U.S. President Donald Trump's state visit next week, Sky News reported on Saturday. BlackRock and Downing Street did not immediately respond to Reut ...
SGX says more details of new index to come on Sept 22
Felicia Tan - The Singapore Exchange (SGX) says it will release more details of the new index on Sept 22. The statement, sent later on Sept 12, came after Minister for National Development and deputy chairman of the Monetary Authority of Singapore (MAS), Chee Hong Tat, announced that the bourse will launch a new ...
Emerging market investor inflows are a 2026 story, BOA says
[HONG KONG] Emerging markets are likely to receive heavier inflows early next year as more evidence on the resilience of these economies...
OpenAI to share 8% of its revenue with commercial partners, The Information reports
OpenAI has projected to share about 8 per cent of its revenue with commercial partners, namely Microsoft, by the end of the decade, down from the current 20 per cent, The Information reported on Friday.The difference between those figures adds up to more than $50 billion in additional revenue OpenAI ...
US penalises two Chinese companies that acquired tools for chipmaker SMIC
[NEW YORK] The US on Friday (Sep 12) penalised two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker Semiconductor...
Wall Street coasts to the finish of its best week in the last five
NEW YORK: Wall Street coasted to the finish of its best week in the last five on Friday (Sep 12) as US stocks hung near their record levels.The S&P 500 barely budged and edged down by less than 0.1 per cent from the all-time high it set the day before. The Dow Jones Industrial Average fell 273 p ...
Drugmakers fall on report US to claim Covid shot killed kids
[WASHINGTON] Vaccine makers’ shares fell after a report that US President Donald Trump health officials plan to link Covid shots to the...
Steepening yield curve: The policy implications
Tong Kooi Ong + Asia Analytica - The US Treasury yield curve is steepening. And the same is happening in the rest of the world. The latest uptick in long-term yields comes as US President Donald Trump persisted with his audacious bid to sit a “majority” of his nominees on the Federal Reserve board of governors, those who would ...
The US may have triggered current fiscal sustainability concerns, BUT the financial meltdown will happen elsewhere
Tong Kooi Ong + Asia Analytica - 1. The US is clearly NOT the most indebted nation (see Chart 4 in our main article). 2. The hegemony of the USD persists and the perception of safety. In a world of financial upheavals, global investors will again revert to USD and US financial assets for security and liquidity (trust in US institut ...
The burden of knowledge
Tong Kooi Ong + Asia Analytica - Let me begin with this question: “Are we too pragmatic?” We often hear that one of Malaysia’s strengths is that Malaysians are very practical. We are pragmatic in resolving disputes, in making business and economic decisions. Our aspirations for the nation and the goals the government sets for ...
Oil gains weighed down by US demand worries
[HOUSTON] Oil prices rose on Friday (Sep 12) after a Ukrainian drone attack suspended loadings from the largest port in western Russia,...
Europe: Stoxx 600 slips as French rating review looms; still ends week higher
[GDANSK] European shares ended the week on a strong note, but were a little lower on Friday (Sep 12) as investors turned...
US: Nasdaq notches record high close, traders look to Fed meeting
[BENGALURU] The Nasdaq notched a record high close on Friday (Sep 12) in a mixed trading session, lifted by Microsoft as investors...
US appeals court declines Google bid to further pause Play store overhaul in Epic Games case
Alphabet's Google on Friday failed to persuade a U.S. appeals court to further freeze an order forcing it to make sweeping reforms to its app store Play while it challenges the decision in a lawsuit by "Fortnite" video game maker Epic Games.The San Francisco-based 9th U.S. Circuit Cou ...
Apple's AI and search executive Robby Walker to leave, Bloomberg News reports
Robby Walker, one of Apple's most senior artificial intelligence executives, is leaving the company, Bloomberg News reported on Friday, citing people with knowledge of the matter.Walker's exit comes as Apple's cautious approach to AI has fueled concerns it is sitting out what could be ...
Amazon testing GM's electric delivery vans in sustainability push
Amazon.com has been testing General Motors' BrightDrop electric vans as part of its plan to bring 100,000 electric delivery vehicles on the road by the end of the decade, the e-commerce giant said on Friday.A little more than a dozen vans are being tested, placing them among a fleet that includ ...
Amazon tests GM electric delivery vans in bid to meet climate goals, Bloomberg News reports
Amazon.com has been testing General Motors' BrightDrop electric van, as the e-commerce giant continues to explore options to reduce carbon emissions of its wide-spread delivery operation, Bloomberg News reported on Friday.The company has been testing about 12 vans, placing them among a fleet th ...
Exclusive-Vista-backed device management software firm Jamf explores a sale, sources say
Device management software provider Jamf is exploring a sale as weakness in its stock price makes it a prime takeover candidate for other companies, according to people familiar with the matter.Jamf, which is backed by Vista Equity and has a market capitalization of roughly $1.4 billion, is working ...
Transit tech firm Via valued at $3.5 billion as shares fall in NYSE debut
Via Transportation shares fell 4.4 per cent in their NYSE debut on Friday, valuing the transit technology maker at $3.5 billion.The New York-based company's stock opened at $44, below its $46 offer price. Via and selling shareholders raised $493 million by selling 10.7 million shares, priced ab ...
Winklevoss twins' crypto exchange Gemini valued at $4.4 billion in strong Nasdaq debut
Gemini Space Station shares jumped 32.2 per cent in their Nasdaq debut on Friday, giving the cryptocurrency exchange a valuation of $4.4 billion and capping a bright week for digital asset companies in a resurgent U.S. IPO market.
